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 686 Changes in Chinese Heritage, Jin Hua's Departure

Back then, Wang Zhongjun and Wang Zhonglei approached Wang Jinhua, and the three of them jointly established Huayi. Note that it was a joint venture, meaning the three of them held roughly equal shares, and nominally, Wang Jinhua was the president of Huayi.

Over the years, with the three working together, they have not only produced many excellent works and launched the careers of numerous artists, but also discovered many new talents. More than 300 of their artists are of Chinese descent, a unique achievement in the industry. Furthermore, Huayi Media was the first media company in mainland China to establish connections with the Hong Kong film industry. Actors like Fan Bingbing, Li Bingbing, and Zhang Hanyu all played supporting roles in early Hong Kong films, essentially using them as a stepping stone. Meanwhile, many well-known Hong Kong artists are affiliated with Huayi Media, or more precisely, with Wang Jinhua.

Wang Zhonglei had always wanted to get involved, but Wang Jinhua held the reins tightly, and Wang Zhonglei never had the opportunity. Wang Zhonglei's main responsibility was public relations, but in reality, he had always wanted to take over the resources from Wang Jinhua. The two had a major conflict.

Wang Zhongjun looked at Wang Jinhua with a smile: "President Wang, is there something you need?"

Wang Jinhua looked at the two of them arrogantly: "Boss Wang, our five-year contract is up, and I'm leaving. I want to go it alone."

As expected, it was about this matter. Wang Zhongjun had noticed Wang Jinhua's growing disloyalty two years ago, which was why he had Wang Zhonglei repeatedly test Wang Jinhua, trying to intervene in her artist management. He just hadn't expected Wang Jinhua to suddenly retaliate; it seemed he had angered her.

Wang Zhongjun glanced at her disdainfully and said coldly, "If you leave, what will happen to your artists? Will they all leave with you? They have contracts with the company; leaving will incur penalties. Don't forget that!!!"

Wang Jinghua had anticipated Wang Zhongjun's response: "My artists who want to leave me can leave, and those who don't can stay with the company. It's their decision, and I've already spoken with them. As for the breach of contract penalty, I'm giving up all of Huayi's shares; that's enough to cover all the penalties!"

Enraged, Wang Zhonglei pointed at Wang Jinhua's nose and began to yell, "Are you trying to fight to the death?!"

Wang Jinhua retorted with a cold laugh, "President Wang, you've been testing me repeatedly, trying to take over the artist resources I have. Aren't you more ruthless than me? If I don't fight back after all this, people will think I, Wang Jinhua, am just a pushover!"

Wang Zhongjun looked at Wang Jinhua: "Looks like you've found a new partner?"

Wang Jinhua smiled and said, "Of course, am I the kind of person who doesn't leave myself a way out?"

"I can't control what's signed under your name, but what's signed under the company's name is subject to contractual restrictions!"

Wang Jinghua chuckled twice and said, "Those who haven't made an appointment can't just leave. But I'm quite capable. Even if they're sidelined by the company, I can still make them famous again. You all know that skill. Alright, everything's clear now, let's part ways amicably."

After saying that, Wang Jinhua left the president's office without looking back.

Wang Zhongjun didn't say anything more. He sat there thinking for a long time. He vaguely realized that there would be a major personnel change in the company, but he was helpless.

He regretted not being harsher on Wang Jinhua back then. He should have signed all the artists' contracts under the company's name. That way, even if Wang Jinhua wanted to leave, as long as there were artists, the company wouldn't experience any major fluctuations.

"Brother, what should we do?" Wang Zhonglei looked at Wang Zhongjun with great concern. He knew that now was a matter of life and death for the Chinese community.

Wang Zhonglei wiped his face. He had anticipated this outcome, but he hadn't expected the response to come so quickly. It caught him completely off guard. If this matter wasn't handled properly, the Chinese community might be doomed!