Xue Yujin took out a business card and handed it to Wen Xi: "The company I run is called Jada Films. I wonder if you have heard of it."
Jada Films?
Wen Xi took the business card and nodded quickly to indicate that he understood.
Jada Films was established at the end of the last century. When the original owner was a child, Jada Films produced many good dramas, which can be said to be childhood memories. It is a veteran production company in the industry.
However, 20 years later, with the rise of more and more production companies and the development of technology, Jada Films has become increasingly decadent and has gradually disappeared from people's sight.
"My financial luck has been incredibly bad these past few years. Every film or TV series my company releases fails."
"Every year we have two or three S-level productions that, after spending a huge amount of money on them, fail to pass the censorship or approval process for various reasons."
After Xue Yujin said this, Wen Xi remembered that the drama in which the original owner played the fifth female role could not be broadcast because the leading actor was in prison. The production company seemed to be Xue Yujin's Jada Films.
Xue Yujin's face darkened as he spoke. "Some of the novels our team carefully selected were criticized by netizens after being adapted into films and TV series, and the ratings were also dismal."
"But most TV dramas and movies flop quietly without making any splash at all."
"We hired some of the most popular stars in recent years as the leading actors, and we spent a lot of money on publicity and promotion to keep up with their status."
"Garda Films was my first company when I was in my early 20s. I wanted to prove to my father that I was capable. I put a lot of effort into it and lived a very tight life."
"My father didn't support me at the time. When I was at my poorest, I even had to sell my luxury bags to survive!"
When Wen Xi heard this, a big question mark appeared in her little head. In her definition, the poorest time is when one cannot even afford to eat.
So this is when the rich second generation feel they are the poorest?
Xue Yujin said with a nostalgic tone: "Fortunately, the first drama produced by my company became one of the top 5 in the ratings that year."
"From then on, I became more and more courageous. At that time, I was really full of energy. I was the producer of the ratings champion for several consecutive years, and five of my films were nominated for international film festival awards."
"I never imagined that 20 years later, I would suffer such a huge loss and almost lose all the money I had earned before."
Xue Yujin recalled the past and felt that the difference between it and the bleak present was too great.
Wen Xi felt that Xue Yujin would not be able to accept the current decline of the company. "Now that Jada Films has been losing money, have you found any solution?"
Filming a TV series is a constant burn of money, and there's no way to recoup the investment quickly. The cycle from production to approval is also very long.
Xue Yujin nodded: "A year ago, I signed a bet agreement with several investors and sold 20% of the company's shares to them."
A gambling agreement? Wen Xi understood. Gambling agreements were quite common in the entertainment industry.
The risks of investing and financing in film and television dramas are very high, and losses of millions or tens of millions can easily occur.
In order to protect their future interests, some investors enter into a bet agreement with the financing party (usually a production company) to ensure that the profit reaches the expected figure within a specified period of time.
If the loan is not successful, the financing party must return the money including principal and interest to the investor.
The bet agreement can attract investment very quickly, and if the bet agreement is completed, subsequent investors will make additional investments, which is very attractive to production companies that are in urgent need of money.
Speaking of this gambling agreement, Xue Yujin's brows furrowed even more tightly.
"We agreed that we would earn 300 million yuan within three years. If we failed to do so, we would buy back the shares we had previously sold at an interest rate of 15%."
Good heavens! It's been a year now and I haven't made any money, I'm actually losing money.
It turned into earning 300 million in two years!
For Xue Yujin, who has been suffering losses for years, this is like carrying a Five Finger Mountain on his back!
"This is my last chance for Garda Films."
"I just can't accept that the hard work I put 20 years into has gone bankrupt."
Xue Yujin took a sip of coffee and forced herself to calm down, but her hands were shaking as she held the coffee cup.
Who wouldn’t be anxious when they have a KPI of 300 million?
"If I can't complete this bet, I'm going to lose all my dad's savings."
Alas, investing is risky. Wen Xi has seen many rich people ruin themselves this way.
Lang Wan held her best friend Xue Yujin's hand and comforted her softly, "Yujin, don't worry, there will always be a way."
"If that day ever comes, Lao Kang and I will do our best to help you."
They have been friends for many years and have supported each other over the years to achieve what they have today. Lang Wan couldn't bear to see her best friend fall into trouble.
Xue Yujin shook his head: "No need, this is the consequence of my own choice, I will bear it alone and will not implicate you."
"It's just compensation, not my life."
The two best friends were so close that they hugged each other and cried bitterly.
The scene was once very tragic.
Wen Xi, who was sitting next to him, was lost in thought and looked extremely calm, even though it was not his money that was lost.
And the more she thought about it, the more excited she became.
This is her chance!
The [Small TV Shop] I got from the last card draw can be exchanged for various movie and TV series scripts from my previous life, but I haven’t used it yet.
Wen Xi cleared his throat and said, "Well, bosses, there's no need to be so pessimistic. There is still a way."
"If Ms. Xue trusts me, you can take a look at the script I have. I can guarantee that it definitely has investment potential."
At this time, the two best friends let go of each other at the same time and looked towards Wen Xi.
When Xue Yujin heard Wen Xi's words, his voice was light and he couldn't believe it: "Do you really have a way?"
Lang Wan looked at Wen Xi in great surprise: "Xixi, you can actually write scripts!"
"You're awesome too!"
Wen Xi showed them the list of winners of the gold medal in the screenplay competition for "Saving the Wind and Dust." "Don't worry, the quality is absolutely guaranteed!"
On the list, Wen Xi's "Saving the Wind and Dust" not only won the gold award, but also ranked second among the gold awards.
Although Liao Yunsi and others have opinions about Wen Xi, this award is selected by collective voting of the Film and Television Association, and there is more than one big shot in the Chinese film and television industry.
"The Rescue" received unanimous praise from the judges of the Film and Television Association. No matter how Liao Yunsi operated, he could only move Wen Xi from the first place to the second place.
Xue Yujin looked at Wen Xi's name in the second place gold medal row, and his eyes suddenly sparkled: "Our liberal arts champion is amazing. His script won the gold medal from the Film and Television Association."
An important task of a production company is to select scripts, and Xue Yujin knows too well the value of the second place in the gold award!
"Wait." Xue Yujin suddenly felt confused.
"You've already won second place in the gold medal of the screenwriting competition. Didn't the investors that the Film and Television Association often works with approach you for cooperation?"
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