Reborn in Hong Kong as a Tycoon

Chapter 387 78 Corporate Annual Report ([-])
Star Cinema, the theater company Lin Baicheng invested a total of 1.7 million Hong Kong dollars.Theater companies buy venues in lively places and convert them into movie theaters, so each movie theater needs to spend a lot of money.

However, Star Cinema now has only 22 cinemas in Hong Kong, so the 1.7 million Hong Kong dollars has not been spent, and there is even more than [-] million Hong Kong dollars left in funds.

The 22 cinemas of Star Cinema basically cover the entire Xiangjiang area, but in 79 they will open more than a dozen more to cover remote and economically disadvantaged areas and achieve the goal of truly covering the entire Xiangjiang area.As for the rest of the areas, because they are relatively remote or economically poor, the cost of the site will be correspondingly less, and the funds required will not be too much.

The remaining funds are naturally used for overseas expansion.For example, Australia Island, Southeast Asian countries, and even Japan, as long as they can enter the market, they are all expansion goals, in order to create a theater chain covering Southeast Asia.

Of course, to achieve such a big goal, Star Cinema’s remaining HK$1979 million is not enough, but this goal cannot be achieved at once. HK$[-] million is enough for the company to spend in [-].

As of the end of 1978, Star Cinema had screened a total of five films, two of which were produced by Star Films, namely "Serpentine" and "Drunken Master" starring Cheng Long.Among the other three films, one is "Deed of Sale" starring Xu's three brothers, and two are "Tiger Frog" and "Mr. Zan and Changqianhua" filmed by Seven Little Fortune Film Company.

The "Salted Fish Overturned" filmed by the New Art City Film Company established by Mecca and Shi Tian was scheduled to be released in January 1979, and it is currently in the middle and late stages of the release, so the performance cannot be counted in 1. in the annual report.

Among the five films, "Deed of Sale" had the highest box office of nearly 800 million Hong Kong dollars. The movie theater took half of the cut and earned nearly 400 million Hong Kong dollars. The cost of copying and publicity was paid by Xu's Films, which was the producer, and Star Cinema has nothing to do with it.

The box office of "Drunken Master" is not low, just over 700 million Hong Kong dollars. The box office of the three films "Serpentine Hand", "Tiger Frog" and "Mr. Zan and Changqianhua" are quite different, and the combined box office is only 820 million Hong Kong dollars, which is a little higher than "The Deed of Sale".

For these five movies, the theaters took half of the box office, which is about 1150 million Hong Kong dollars, which is quite good.

In 1978, the top two box office rankings of Xiangjiang movies were "Deed of Sale" and "Drunken Master", and the box office results of the two were not far behind.But when it came to No.3, the box office of the movie "The Great Evil Star and the Little Sister" was less than 360 million Hong Kong dollars, which was less than half of that of "The Deed of Sale".

The three films "Serpentine Hand", "Tiger Frog" and "Mr. Zan and Changqianhua" were all ranked in the top ten of the Hong Kong movie box office rankings in 1978, and "Tiger Frog" just happened to be No.10. The box office is about 11 Hong Kong dollars higher than No.[-].

From the perspective of theaters, five of the films released this year ranked in the top ten at the box office, which is already quite a good performance.In particular, Star Cinema only released five films in 78, but by chance, all of them were among the top ten.

In addition to the box office share of the profits of the theater chain, there are also income from snacks and drinks in the theater, which includes the income from the arcade machines and claw machines placed in each theater.There are not many arcade machines and claw machines in the theater, mainly for leisure use by the audience waiting for the opening of the movie, lest they wait impatiently.

The arcade machines and claw machines placed in the theater belong to the two companies Galaxy Games and Jupiter Toys in terms of assets, but these two companies put the machines in the theater, and the theater pays for the venue and electricity, and the income is the theater and two. companies.

Because the company is 100% controlled by the same boss, there is no need to worry about who hacked whose money, as long as the employees don't hack the boss Lin Baicheng's money.

In 1978 last year, Star Cinema's box office revenue plus snacks and drinks added up to 1380 million Hong Kong dollars, and its profit was about 1200 million Hong Kong dollars.The reason why such a high profit can be achieved is that the salary of the employees plus the expenses such as water and electricity are not very large, and the main expense of the theater is the venue fee.

Compared with the investment of more than 6000 million Hong Kong dollars in Star Cinema, the annual income of 1978 million Hong Kong dollars in 1200, and it is not the annual income. The income is absolutely explosive, and the cost can be earned back in a few years.

It's a pity that the film industry is too uncertain, whether it can make money or not is decided by the audience, and no one is sure about the taste of the audience.However, this is not a problem for the reborn Lin Baicheng, he believes that those superstars before rebirth will not be too bad in this life.

There is a big difference between whether a movie theater is its own or not. Taking Golden Harvest Cinemas as an example, except for a few movie theaters owned by Golden Harvest Cinemas, the vast majority of movie theaters are joined by others. In addition to paying a fixed rent to the movie theaters every year , The movie theater’s box office share will also be divided into movie theaters.

In other words, for the same 1000 million Hong Kong dollars in box office share, after deducting staff salaries, water and electricity and other expenses, Star Films can earn 900 million Hong Kong dollars, but Golden Harvest can earn less than half. This is the difference between whether the cinema is its own.

However, the high income of Star Cinema is based on high investment. The current investment of more than 6000 million Hong Kong dollars alone will take several years to recover the cost, and it must be released in theaters with good performance, otherwise the performance will be worse. The longer it takes to recover the cost.What's more, with so much money invested, not everyone has so much money.

In general, although Star Cinema invested more than 1978 million Hong Kong dollars in 6000, it also ushered in a good start, with a profit of almost 1200 million Hong Kong dollars, and the results were quite good.

At present, nearly 1.2 million Hong Kong dollars are still lying in the account of Star Cinema. Some of these funds will be invested in the construction of Xiangjiang Cinema next year, and more will be invested in the construction of cinemas in Southeast Asia, Japan and other countries. .

Of course, not all countries will go. In addition to seeing whether the markets of which countries can enter, it also depends on whether the market is friendly to Chinese people. Lin Baicheng will not foolishly send money to the door.

Lin Baicheng is not responsible for the specific operations. With Zuo Xiangqing as the manager, Lin Baicheng only needs to determine the general direction.

Lin Baicheng is quite satisfied with the performance of Star Cinema last year. He hopes to make persistent efforts this year. The performance in 79 should not be worse than that in 78.

After seeing the performance of the theater chain, Lin Baicheng naturally looked at the performance of Star Pictures, after all, the two are closely related.

(End of this chapter)