From Becoming Penguin's Major Shareholder to Building an Entertainment Empire

Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.

It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...

Chapter 178 Shi Nansheng

As the two entered the villa, Zhong Lifang saw Cheng Long chatting and laughing with Shen Fang not far away, along with several other big shots she often saw on television programs. She suppressed her excitement.

"Brother, the car is pretty good. The base is very sturdy. I didn't feel like I was sinking when I sat on it."

Shen Kun handed the car keys back to Cheng Long with a smile.

Upon hearing this, Cheng Long laughed and looked at Shen Kun.

"This car was specially made for me by Mitsubishi Military Industry. Not to mention a chubby guy like you, even a 300-pound fat guy can sit in it without any problems."

"I see."

Shen Kun nodded.

Shen Fang smiled and said, "Mitsubishi is a company that specializes in military industry. Their cars are only comparable to those of Germany, which has an outstanding manufacturing industry. Cars from other countries are inferior in terms of both safety and technology."

Cheng Long nodded.

“I completely agree with that. I’ve visited Mitsubishi’s automotive manufacturing headquarters. The Japanese are truly meticulous in manufacturing, especially in terms of materials. They make us feel very safe to use.”

"Then why do we rarely see this brand on the road?"

Shen Kun asked, puzzled.

Shen Fang smiled and said, "Mitsubishi is a Japanese state-owned military industrial company. Their main business is not automobiles. Although Mitsubishi Motors once had a glorious history in the automotive industry, due to its lack of attention to the automotive business and an accident that was not handled well, Mitsubishi Motors quickly declined."

PS: Actually, Mitsubishi's industrial focus has never been on automobiles, especially after World War II. This lack of emphasis on automobiles led to the lag behind in various aspects of Mitsubishi Motors. Although its engine technology was still advanced, the automotive industry can't rely on an old model forever, right? The automotive industry updates very quickly, but Mitsubishi Motors' update speed was too slow, so sales naturally declined.

Not to mention that Mitsubishi's automotive division was later acquired by other companies. People felt that Mitsubishi's market share was low, and its corresponding supporting services were naturally not as good as other brands, so fewer and fewer people bought it. This vicious cycle led to Mitsubishi's sales declining year after year.

Secondly, Mitsubishi Motors has encountered some quality problems in the past, and these problems have not been well resolved. Several years ago, a Mitsubishi SUV experienced some issues after its release, such as brake failure. Users reported these problems to Mitsubishi, but the company suppressed the issue. It is estimated that there were more than 80,000 problematic vehicles at the time, covering 21 different vehicle types.

Recently, Mitsubishi Motors encountered problems again. Although several years have passed, Mitsubishi has not learned from its shortcomings in handling such issues in the past and still chooses to conceal the problems. Although Mitsubishi chose to recall a potential 1.5 million problematic vehicles, it failed to fulfill its responsibility to the public and concealed the issue from relevant departments.

On the other hand, Mitsubishi initially refused to acknowledge the problems and resolutely refused to apologize, which aroused widespread dissatisfaction. Furthermore, the failure of Mitsubishi SUVs ironically created favorable market conditions for other SUV brands, a truly disastrous situation where self-destruction benefited others.

"Sister Lifang, you must know all three of these people, right? And I need no introduction about Brother Cheng Long."

Chung Lai-fong smiled and said, "Of course, boss. These gentlemen are all prominent figures in the Hong Kong film and television industry. I have been in Hong Kong for many years and have always followed the news about them."

"This is Zhong Lifang, the general manager of our Longteng Media. Mr. Zou, I can prepay 30% of the funds, and I will pay the rest in one lump sum after all the resources have been restructured. Is that alright?"

Raymond Chow nodded: "No problem, it's my duty."

Cheng Long smiled and said, "Then let's begin the feast."

After a round of toasts, Zhou Wenhuai, He Guanchang, and Liang Feng began to recount the glorious history of Golden Harvest to Shen Fang and his companions. Shen Fang listened with great interest, finding plenty of gossip. Among the stories were even the secrets surrounding Bruce Lee and Cheng Pei-pei, which turned out to be true.

It was 10 p.m. Shen Fang, Zhong Lifang, and Shen Kun returned to the Peninsula Hotel.

Inside the presidential suite.

"Sister Lifang, regarding the personnel reshuffle at Golden Harvest, you should directly contact a professional organization. The capable should rise, and the incompetent should fall. Golden Harvest's future direction will only focus on distribution business. You only need to integrate the cinemas. Also, do you have any suitable candidates for the new head of Golden Harvest?"

Zhong Lifang thought for a moment.

"Boss, if you're talking about personnel, I do have two: Nansun Shi and Virginia Lok. Both are well-known producers in Hong Kong, and their agents are also very capable. One is an independent producer, and the other is the head of Shaw Brothers."

Nansun Shi and Virginia Lok are both good choices.

However, Virginia Lok is a bit too ruthless. Although she is a capitalist herself, she is too cruel. Under her control, TVB artists earn no more than HK$900 a month, and the best monthly salary is no more than HK$10,000. This is not a joke. Even in 2023, the monthly salary of TVB artists after signing a contract is still no more than HK$10,000.

TVB can make artists famous, but artists also need to eat. Compared to the mainland, where actors often earn millions or even tens of millions of yuan per film, TVB artists' salaries are pitifully low. If you're not famous and can't go to the mainland, you can only survive on a meager salary. That's why many artists went out to set up street stalls to earn money during the pandemic. They were genuinely broke, not pretending. You can find countless news stories like this online. It's so heartless. A glamorous artist can't even afford to eat. It's too cruel. In China, even an 18th-tier artist can live a very comfortable life.

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