This star is wrong

Chapter 349 Ugly Financial Report

A series of losses in TV series such as "The Evil by the Pillow" and "Invisible Intelligence" have led to very ugly financial reports for Reid Film and Television for two consecutive years.

This also directly led to the holding capital behind Ruide Film and Television, Pengcheng Capital and Dingsheng Capital losing money for two consecutive years.

Last year, Pengcheng Capital originally planned to rely on Tan Zhiguan's new album and national tour to regain blood.

As a result, Tan Zhiguan's new album "The Return of the King" has been suppressed by Fang Xing's new album since its release.

As a result, the revenue of Mine Records last year was not as good as expected.

Originally, Pengcheng Capital planned to rely on Tan Zhiguan to cut 10 billion leeks and fill in the losses for two consecutive years.

It's a pity that Tan Zhiguan's national tour only cut less than 5 million.

Moreover, after the tour in key cities is over, if you continue to tour in small and medium cities, the income will decrease rapidly.

It will be very difficult to have this level of revenue within two years after Mai Lin Records cuts this wave.

It can be said that Tan Zhiguan is completely used by Pengcheng Capital as a tool to make money, regardless of whether it will affect his future development.

In her position, feathers are more important than money.

Chen Xingye pondered and didn't interrupt, wanting to continue listening to Chen Lipeng.

He asked in a normal tone: "Wenhan, how are you preparing for your PhD?"

The Chen family is a family of music, and they made their fortune investing in the music track from the very beginning.

Chen Lipeng thought for a moment, and replied: "The last two TV dramas did not perform well. So, I am considering returning to the music track."

Qi Xiuna doesn't want to be used as a money-making tool by Pengcheng Capital.

However, Pengcheng Capital wanted Puxiang Records to release an album to Qi Xiuna, but Qi Xiuna refused.

Since that competition, he has been unable to get rid of the influence, which led to mediocre results in the international competitions he participated in in the next two years.

Mother Chen answered: "I heard some rumors that Qi Xiuna didn't want to renew the contract."

Mother Chen interjected and asked, "Second Uncle persuaded Qi Xiuna to release a new album?"

Chen Lipeng replied: "I have inquired, Qi Xiuna wants to go out independently, open a brokerage company, and be responsible for operating her own brokerage contract. If the contract renewal cannot be negotiated, we can maintain an in-depth cooperative relationship."

He has a certain reputation in the entertainment industry, and his persona is "Prince of Violin" and "Music Talent".

Chen's mother asked: "I remember that Qi Xiuna's contract will expire next year, is the renewal of the contract settled?"

Under normal circumstances, if a record company is willing to release an album to a singer, the singer will always dream of it.

Chen Lipeng was very helpless.

For a singer of Qi Xiuna's status, when she renewed her contract, she would definitely ask for it.

Maintain this "Violin Prince" personality well, and develop in the entertainment circle, the starting point has surpassed most stars.

Therefore, the word-of-mouth of Ruide Films in the industry has collapsed. Unless the next drama can produce a blockbuster, it will be difficult for the drama to sell at a high price.

As the holding company of Pengcheng Capital, its valuation will also plunge accordingly.

Qi Xiuna is the queen of Puxiang Records.

Qi Xiuna is the queen of Puxiang Records, and holds a pivotal position in the music world.

The high art of violin playing is sometimes inexplicable.

Chen Wenhan took a deep breath and said, "I will continue to practice the violin, but I also need breathing space. Sometimes, doing something else and then returning to play the violin will make progress."

At Qi Xiuna's position, it's actually easy not to release an album.

Chen Lipeng could not get used to this nephew more and more.

When Chen Lipeng heard this sentence, his expression froze again.

"My personal studio has always been profitable, and with my ability, I will formally enter the entertainment industry, and I am sure that I will be popular.

There was a moment of silence at the table.

These conditions, if placed on other first-line singers, have a huge appeal.

Puxiang Records, Mailin Records, the five major record companies, two of which are controlled by the Chen family.

When this topic was brought up, Chen Lipeng could only answer: "We are still talking."

"To be honest, how is Qi Xiuna's contract renewal going?" Chen Xingye asked seriously.

Chen Lipeng's eyes sank, and he emphasized: "Tan Zhiguan's new album is very well-produced, and the annual revenue of this project exceeds [-] million."

If you don't mention any requirements, it is actually a signal that you don't want to renew the contract.

Chen Xingye looked at Chen Lipeng again, and asked, "What's the company's plan? If this year's financial report is still so ugly, the shareholders will have nothing to say."

The TV station is not an idiot either. They bought the dramas of Ruide Films and Television, but the ratings were so bad.

If Qi Xiuna wants to release a new album, the quality of the album must be very high.

Once in and out, Pengcheng Capital's financial report this year is still ugly.

……

Qi Xiuna also saw the situation of Tan Zhiguan last year, and guessed that the company wanted to arrange for her to go on a national tour to make money.

I heard Mother Chen mention Qi Xiuna's new album.

Generally speaking, famous singers like Qi Xiuna negotiated contract renewals half a year in advance, or even a year in advance.

For capital, making money is justice.

"Projects that could have been profitable were also overwhelmed, resulting in lower revenue than expected.

Chen Lipeng promised to invite top producers and production teams in the industry to create a new album for Qi Xiuna.

At this moment.

Since Chen Xingye asked questions, it showed that he was very dissatisfied with the company's management.

For example, signing fee, company resources, etc., are all negotiable.

Chen Xingye didn't get angry immediately, but frowned and asked, "Why?"

Last year, Tan Zhiguan's new album sold well.

This is a very common thing in the industry.

"Do I have to tell you the results of the competitions I participated in in the past two years?" Chen Wenhan became very angry when he mentioned this matter.

It even made it clear that Qi Xiuna can name the top domestic producers, and the company will be responsible for hiring them.

At that time, the valuation of Puxiang Records also plummeted.

This led to many problems within Pengcheng Capital.

Chen Wenhan leaned on the back of the chair and said: "Our family has been losing money for two consecutive years, and I hope I can help the company.

Reed Film and Television also lost a fortune because of "Invisible Intelligence".

"Then what are you going to do?" Chen Xingye asked in a deep voice.

Chen Lipeng could only explain patiently: "Dad, you also know about the loss-making projects in the past two years. There is nothing wrong with the project itself, but since offending Ark Culture, every project will be overwhelmed by them.

After talking about Chen Wenhan.

"So, I plan to officially start a business and develop my personal studio into an entertainment company."

……

Chen Lipeng took a deep breath and explained: "In the beginning, I discussed with Puxiang's high-level executives to renew the contract with Qi Xiuna on the condition of investing in a new album. It's just that she is not interested in releasing a new album."

It's just that it was overwhelmed by others, and the national tour also made money, but it didn't reach the goal of Pengcheng Capital at the beginning.

"If the record company wants to develop, it still has to rely on newcomers. The king and queen agreed to renew the contract, and the signing fee is also astronomical. Therefore, I have already considered, arranging newcomers from Puxiang Records and Red Film and Television to participate in Pea Video and A talent show in collaboration with Chaoyin Culture." Chen Lipeng spoke out about the planned project.

Chen Lipeng was very helpless, and answered bravely: "The progress is not satisfactory. Qi Xiuna did not explicitly refuse, but she did not agree to renew the contract."

Because Chen Xingye has always hoped to train Chen Wenhan to be a talented musician, so after completing his master's degree, continuing to study for a Ph.D. is in line with Chen Xingye's expectations.

In fact, when the star's status reaches a certain level, they will gradually become independent and maintain an in-depth cooperative relationship with the original brokerage company.

After thinking for a while, he agreed: "You can break in if you want, but you must never put down the violin."

Chen Wenhan twitched the corner of his mouth and said, "Need to say? Qi Xiuna refuses to release a new album. I am worried that I will end up like Tan Zhiguan."

The money was obtained, but Tan Zhiguan lost a lot of feathers.

This incident is the best way to contain Chen Wenhan.

Moreover, when rookie singers release albums, they basically release one, and then one.

The uncle and nephew have great differences in company management.

It's just that Qi Xiuna saw the situation of Tan Zhiguan last year, so she didn't consider releasing a new album, so it became difficult to renew her contract.

The current music scene is in a downturn. There are too many singers who can sing, but too few who really have the opportunity to release an album.

After saying this, Chen Xingye's expression sank.

Since Chen Wenhan wanted to intervene in the management of Pengcheng Capital after graduation, and Chen's mother's shares were already held by Chen Wenhan, so Chen Wenhan had a great say in Pengcheng Capital.

Chen Lipeng shook his head and replied, "It hasn't been negotiated yet."

Coupled with the serious loss of Pengcheng capital in the past two years, Chen Lipeng's prestige has been continuously reduced.

Therefore, this year, when Pengcheng Capital proposed to let the Queen of Puxiang to release an album, Qi Xiuna resolutely refused.

He has been trying to find a way to reverse the company's investment loss, but every time there is a big deviation from the expectation.

Originally, Pengcheng Capital had been losing money for two consecutive years. If Qi Xiuna's contract renewal problem caused the company's valuation to plunge again, the shareholders would not be able to hold back.

At this moment.

It's just that without Qi Xiuna, the leading queen of Puxiang Records, its status in the music world will definitely decline.

One of the important reasons why Puxiang Records was able to secure its position as the top three record companies was that Qi Xiuna was in charge.

The money that Mailin Records had just earned from Tan Zhiguan returned a little bit of blood.

Chen Xingye could also see that Chen Wenhan's current mentality was not mature enough.

Chen Xingye frowned, and asked, "Why don't you want to study for a Ph. D.? Isn't it good to pursue music? Your violin playing talent has been so good since you were a child."

Chen Wenhan jokingly said: "Isn't it just that you don't want to renew the contract? If you want to renew the contract, you should put forward the conditions now."

These have had a very bad impact on Tan Zhiguan's reputation.

As long as you make money, nothing else matters.

Therefore, when Chen Lipeng mentioned this matter, his tone was very strong.

The dramas that Shidi participated in can hit the street, and the reputation of Red Film and Television in the industry has collapsed.

Qi Xiuna is the face of Puxiang Records, if the contract renewal fails, Puxiang Records' status in the music world will drop a lot.

"After reaching a certain height in the art of music performance, it is normal to encounter bottlenecks. As long as you cross the past, there will be a higher space in the future." Chen Xingye persuaded.

Chen Wenhan nodded and agreed: "I know."

Chen Xingye had already retired for ten years, so he had to ask this matter: "What happened to the company? Why are the losses getting worse?"

"However, as soon as Ark Culture's "The Pretender" was broadcast, the ratings were taken by the other party, resulting in the final revenue not being as expected."

However, if Pengcheng Capital wants to rely on Puxiang Records to regain blood, the fastest way is to let Tianhou release an album.

In fact, Chen Wenhan was tired of school and said: "I don't want to study for a Ph. D."

Although Mailin Records cut 5 million yuan, the record company itself and Tan Zhiguan both got money from it, and in the end only more than [-] million yuan could be transferred to Pengcheng Capital.

Chen Xingye never asked about this matter, and now he asked after hearing it: "Why didn't we negotiate?"

So Qi Xiuna cherishes feathers very much, even if she doesn't make money, she doesn't use her reputation and music status to make money.

In the future, Ruide Films will make TV series again, will the TV station dare to buy it?
Even if the TV station is willing to buy it, it will keep the price very low.

In fact.

Chen Wenhan twitched the corner of his mouth and said with a sneer: "This is the first time I've heard that there are singers who don't want to release a new album."

Therefore, the Chen family's investment vision in music is indeed higher than the industry average.

Of course, Tan Zhiguan was used as a tool to make money, and taking this money would have an impact on his personal reputation.

Chen Xingye asked: "Did you not inquire about the news from the people around Qi Xiuna?"

Of course, when he was at home, Chen Lipeng couldn't bring back his work emotions, at least he couldn't show it in front of Chen Xingye.

Especially in the activity of buying album tickets to win concert tickets, some netizens later revealed that the probability of winning tickets was ridiculously low.

In the project of Tan Zhiguan's new album and national tour, he made money, and he made a lot of money.

Chen Xingye answered, "Wenhan, didn't you contact your doctoral supervisor? When you are free, come and walk."

Since the Paganini Violin Competition, he has been living in the shadow of one person, causing his mentality to collapse a bit.

After all, Qi Xiuna's songs are enough to hold ten concerts in a row, and all songs sung will not be repeated.

Just like Tan Zhiguan last year.

……

This is indeed the fastest way to recover blood, but once the sales of the new album fail to meet expectations, the result will be embarrassing.

Chen Lipeng was teased by his nephew, but he had no way to explain it, so he could only endure his anger.

Now in the era of talent shows and traffic, it is very difficult to become popular just by singing.

"The same is true for the spy war drama this time. Before the broadcast of "The Pretender", our drama's ratings were not bad, reaching 1.7% ratings at one point.

Qi Xiuna's contract expires in February next year, and there is only half a year left.

Every year he will participate in some TV shows and play the violin.

Although more than [-] million yuan is a lot, for a company of Pengcheng Capital's size, it can only barely quench its thirst, and it is not enough to make up for the losses for two consecutive years.

Chen Wenhan has graduated as a graduate student and is considering whether to continue his Ph.D. study or look for other developments.

Pengcheng Capital has suffered losses for two consecutive years, and the Chen family has been greatly affected.

In the current entertainment industry, personality is very important.

There are already lessons learned.

Chen's mother also chimed in and said: "Art comes from life. Let Wen Han enter the entertainment industry for a few years. When his mentality matures, he may return to violin playing. There may be a breakthrough. Many world-class performers are not Just do one thing."

Chen Wenhan interjected: "The loss of "Invisible Spy" is not a big deal. However, Ruide Films rushed this drama, and it will not be so easy to sell the dramas it makes in the future."

Release a new album first, and then take advantage of the situation to start a national tour, cutting him 10 billion.

He glanced at Chen Xingye, then glanced at Chen Wenhan, and said, "Besides, I plan to let Wenhan participate in this talent show?"

Chen Wenhan's eyes turned cold, and he said, "What? Let me participate in this low-level talent show?"

Chen Xingye explained: "It's not to be a player, but to be a mentor. In a talent show like this, mentors are the easiest to become popular."

When Chen Wenhan heard the plan, he showed interest in his eyes and said, "If that's the case, then we invest in this project. I want to get the right to speak in this talent show. The show has to follow my thinking."

(End of this chapter)