What does "guaranteed minimum issuance" mean?
Simply put, the distributor will settle the revenue share with you in advance based on a guaranteed box office of 800 million. If the producer can get 40% of the revenue share, based on the guaranteed box office of 800 million, the distributor will directly give the producer 320 million.
However, the box office was only 180 million yuan. Even if the distributor could get 50% of the revenue, they could only recover 90 million yuan of the cost.
The direct loss was 230 million.
After this guaranteed release incident, Star Entertainment became a laughing stock in the industry, and they were completely disillusioned with the Hong Kong entertainment circle.
He later invested in several mainland Chinese films, but all of them lost money after their release.
The series of setbacks infuriated the boss of Tianxing Entertainment, and he dismissed the senior executives who were in charge of these projects. These executives also took many of their subordinates with them when they left.
Seeing this, other companies also took advantage of the situation and poached employees from Tianxing Entertainment.
Now, not only are there vacancies in middle and senior management, but celebrities are also jumping ship one after another.
Disheartened, the owner of Tianxing Entertainment came up with the idea of selling the company.
However, despite experiencing a major upheaval, Tianxing Entertainment is still a formidable force, and with its cinema chains still in operation, the sale price reached a staggering 1.2 billion.
Several entertainment companies were interested in taking over, but the owner of Tianxing Entertainment was unhappy that these companies were taking advantage of his misfortune and rejected all their offers!
Meanwhile, Han Shangyu's Shangtian Entertainment is also planning to acquire Tianxing Entertainment.
However, because of Han Shangyu's opportunistic behavior, the boss of Tianxing Entertainment also rejected him!
However, the Han family has too many connections, and if Gao Yan doesn't intervene, Tianxing Entertainment will likely fall into Han Shangyu's hands eventually.
After reviewing the materials, Gao Yan sent Li Chaonan a WeChat message: Brother Li, I've finished reviewing all the materials.
Li Chaonan: Which one have you set your sights on?
Gao Yan: Only children make choices; I want them all.
Haitian Entertainment does not manage celebrities but has a strong behind-the-scenes team. Huanle Century has good actors and singers. As for Tianxing Entertainment, its management is vacant and its stars have been almost all poached, but it has distribution channels and cinemas.
If the three companies could be integrated into one, it would be a perfect match.
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