Golden Harvest holds about 50% of the cinema market share in eastern Guangdong, making it a significant box office market. Although Chung Ling-hsuan paid a high price, acquiring these properties is still a worthwhile investment. Golden Harvest also holds about 20% of the market share in Hong Kong, 30% in Malaysia, about 40% in Singapore, and 25% in Taiwan. With Golden Harvest, they can earn a lot of revenue from overseas channels in Asia in the future. No matter how you look at it, this deal is a win-win situation.
The group began to toast and exchange drinks.
The meal lasted until 9 p.m., when everyone at the main table left the villa with their own thoughts, and the other artists present also left in twos and threes.
"Mr. Shen, you have such a grand vision! You've only just arrived and you're already planning to take over Golden Harvest. A mere 200 million in one go. Impressive!!!" Albert Yeung gave Shen Fang a thumbs up.
Shen Fang, with a cigarette dangling from his lips, said, "Just playing around. I was planning to develop in this industry anyway. Cinemas are a must. It just so happens that Golden Harvest is declining. If I can seize a good opportunity, that would be even better."
"Mr. Shen, from now on, Win's Entertainment will rely on you in mainland China. Let's cooperate more in the future." Xiang Huaqiang looked at Shen Fang while holding a teacup.
He learned from Albert Yeung that Shen Fang's identity was extraordinary, especially since he wielded considerable influence in Beijing. As a businessman who had laundered his wealth, Shen Fang desperately needed a powerful backer, and he was afraid. Otherwise, why would he donate money every year?
Shen Fang waved his hand: "You're too kind. We're friends. I'll definitely help if I can."
It's all just polite talk. I'm a legitimate businessman, and you, a clean-up gangster, want to hang out with me? Am I crazy?
"Xiao Fang, are you done chatting? Arlene is still waiting for you. The private room is all booked." Man Shen walked over with a rosy complexion, clearly having had quite a bit to drink.
Upon hearing this, Shen Fang stood up and looked at Albert Yeung and Charles Heung.
"Mr. Yang, Mr. Xiang, my beauty is waiting for you, so I won't keep you company any longer."
Albert Yeung waved his hand: "Mr. Shen, have fun. Young people should have fun, otherwise when you get old like us, you'll be too tired to do so."
Xiang Huaqiang smiled and said, "Mr. Shen, you're busy."
Shen Fang, supporting Man Shen's waist, left.
......
"Boss Yang, who exactly is this guy? He's got quite the airs. You didn't even give me a hint. He just arrived and already took care of Fatty Hong and Ni Zhen, and now he wants to acquire Golden Harvest. Tsk tsk."
"Yes, Mr. Chen, tell us about it? A second-generation Red?" Chen Lan, wife of Charles Heung, looked at Albert Yeung with a smile.
Albert Yeung shook his head: "It shouldn't be a second-generation Red. You all know how it's impossible for a second-generation Red to be so rich. They are first-generation rich, and very rich at that."
Hearing this, Xiang Huaqiang was quite surprised: "A self-made millionaire? He doesn't look that old. How rich can he be?"
"How rich? I don't know either, but he must be worth several billion. Otherwise, why would he be so generous? His company is called Longteng Media. You can investigate it later. Boss Xiang Shensheng pointed out a clear path for me. I don't know whether to follow it or not."
"A clear path? How clear is it?"
Albert Yeung took a sip of tea: "The annual profit is over 100 million, but if I leave, there will definitely be people who will complain. I'm still hesitating."
"Hundreds of millions???" A greedy glint flashed in Xiang Huaqiang's eyes.
"Mr. Yang, can you tell me about it?"
Albert Yeung smiled: "Of course, otherwise I definitely wouldn't have brought it up."
Albert Yeung explained Shen Fang's IP-based development strategy, which involved moving closer to and expanding into mainland China, and shifting the company's focus towards the mainland. He also briefly mentioned Shen Fang's significant influence within the company.
Xiang Huaqiang frowned upon hearing this.
Is this reliable?
"We'll talk when Ah Long gets back."
Twenty minutes later, Cheng Long came over after seeing off the guests.
“Ah Long, I talked to Xiang Sheng about the path Chen Fang gave me, and Xiang Sheng is a little hesitant.”
Upon hearing this, Cheng Long smiled and said, "Boss Xiang, are you worried about losing money?"
Chen Lan smiled and said, "Ah Long, if it's like what Boss Yang said, the initial investment will be massive, and it's also close to the mainland. Being close to the mainland will offend a lot of people. He's worried that the returns won't be worthwhile."
"Boss Xiang, if this path goes smoothly, it will definitely succeed. There are already successful precedents abroad. Disney followed this route, and IP development is also the future trend. This is because it's the only way to make entertainment and revitalize the entertainment industry. How much money can you make just by making movies and TV series? You can only make money when the scale is large. Diversified development is the key, especially since big-budget productions have a significant impact on the stock market. Most importantly, the mainland is the future, and I firmly believe that. Boss Xiang, you also have the same optimism about the mainland, don't you?"
Hearing this, Xiang Huaqiang nodded.
“I know that, but I’ve never done anything this big before. A drama starts at 40 million, which is more than enough to film three dramas in Hong Kong.”
Cheng Long smiled: "Boss Xiang, how big is Hong Kong? To borrow Brother Shen's words, it's a tiny place with only a few TV stations. Breaking even depends on their asking price. But the mainland is different. There are 56 satellite TV stations alone, plus local stations. A single drama can be sold to up to six different satellite channels for broadcast. A 40 million investment may seem like a lot, but breaking even isn't difficult. As long as you produce a high-quality drama and build a good reputation, this will be a continuous source of income..."
After listening to Cheng Long's words, Chen Lan and Xiang Huaqiang felt that this was a good path.
“Boss Xiang, in a few days Ah Long and I are going to Beijing to meet the head of China Film Group. This man has a close relationship with Shen Sheng. Would you like to go and meet him together?” Albert Yeung said with a smile to Charles Heung.
Xiang Huaqiang looked speechless.
"How can I go to the mainland with this identity? Boss Yang, are you deliberately making trouble for me?"
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