China Entertainment has been a director since 08
Chapter 287
Chapter 287
As soon as I got off the plane, I saw someone picking me up.
"Hi Lee~~"
"Hi, beautiful Ms. Jing~~"
Holding the sign and waving, he walked towards Li Hao and the others.
This time, apart from Li Hao and Jing Tian, there were also their assistants and four bodyguards.
Jing Tian was translating, and Li Hao also understood that the person in front of him was Adam Allen, the CEO of AMC.
Although he had carefully read the information and photos on the plane before, when he saw it, Li Hao found that he was really face blind.
It feels like these foreigners all look the same.
With Jing Tian as the interpreter, they were connected and exchanged pleasantries with each other.
This time, in addition to Adam Allen, there were ten AMC theater executives who came to pick him up at the airport.
After shaking hands one by one, they got in the car and left the airport.
A reception was held at the hotel, and then Li Hao and the others rested at the hotel.
This kind of intercontinental flight is really exhausting.
Even though Li Hao was always in good health, he couldn't bear it.
This kind of tiredness is not really tired physically, but tired from the heart.
After a good day of rest, the board meeting was held the next day.
Every director was there.
CEO Adam Allen reported revenue and profit.
"In 2018, the company's net profit attributable to ordinary shareholders was US$1.10 million, a year-on-year increase of 122.6%, and its operating income was US$54.61 billion."
The box office revenue of AMC theaters accounted for 62% of the total revenue, and food and beverage revenue accounted for 31% of the total revenue!
Box office revenue is simply not enough to maintain the normal operation of theaters. Food and beverage revenue is very profitable, but part of it is used for operating costs.
Operating costs include not only theater rent, water and electricity bills, equipment maintenance fees, workers' wages, but also the wages of headquarters staff.
The labor cost in European and American countries is really not generally high.
Li Hao couldn't help complaining in his heart.
Tangtang, the world's largest cinema chain, spent US$2016 billion to acquire Europe's largest cinema chain "Odeon£|UCI Film Group" in 12, and acquired Nordic Cinema Group for US$2017 million in early 9.3. How domineering.
The result is good, loss last year, meager profit this year.
With tens of thousands of screens, box office revenue alone cannot guarantee a balance of payments!
"Adam, do you think that according to the North American box office, the number of viewers keeps declining, and the company continues to operate like this, will it be profitable next year?" Li Hao frowned and asked a very sharp question.
Over the past few years, the box office in North America has generally maintained a similar level, sometimes slightly higher, sometimes slightly lower, but it is an indisputable fact that the number of moviegoers has continued to decline.
The reason why the box office can maintain a similar level is because the ticket price has risen.
However, the movie box office revenue is simply not enough to maintain the operation of the theater chain, and it has to make profits from drinks and food. If the number of moviegoers decreases, the income from drinks and food will decrease, the profits will decrease, and even operate at a loss. .
Jing Tian was translating on the side.
Adam Allen was speechless: "Boss, I think it will be difficult, and there is even a possibility of losing money next year."
"However, the general environment is like this. Other theater chains are worse than us, and have been losing money for several years." Adam Allen emphasized.
European and American theater chains are a sunset industry. This has been the consensus for decades. Even if they make a profit, they will not make much profit.
AMC Theaters was able to go public because of Wanda's generous investment, and the profit data has become better, which is why it was able to go public.
"What can you do to improve the company's profitability?" Li Hao asked.
For the board of directors, resolution is the core issue, such as the appointment and dismissal of senior executives, financial conditions, and the decision on the time to hold a general meeting of shareholders.
"Actually, there are two methods. The most fundamental method is to increase the box office share ratio. The box office share ratio of our theaters is too low, which is very unfair."
"The second method is to lay off staff and close theaters that are not doing well."
Li Hao frowned. Layoffs are not a viable option. There are 1006 movie theaters in the AMC theater chain with 3 employees. On average, a movie theater has about 30 employees, which means that the number of employees is not many.
No matter how many layoffs are made, in fact, there will not be many layoffs, and the layoffs will cost a lot of money.
"Can you increase the box office split? You know, in China, the box office split can reach 50%!" Li Hao asked.
"It's very, very difficult. Those vampire companies don't want to do this. If they don't show the movie in our cinemas, if they stand in a stalemate, our loss will be much greater than theirs, and we won't be able to consume them." Adam Allen said.
Then he spoke up.
Only then did Li Hao know that in the past few decades, theaters have been trying to increase the box office revenue, but in the end they were defeated by the film companies.
Film companies are very united in this regard.
Li Hao was speechless.
The environment of these two countries is surprising, and it is really not ordinary.
In China, theater chains share more box office accounts than film companies, and theater chains are the boss.
Li Hao learned about it, and then he realized that in European and American countries, theater chains generally do not make money, or make small profits.
Especially in North America, because of the North American box office share, the proportion of film companies' share is too high.
On the contrary, in Europe, many local European films are literary films, and the box office of literary films is not good. It is often Hollywood films that create the box office, and European cinemas share the box office of Hollywood films, which is naturally not the box office share of North America. Make more money.
Li Hao also felt puzzled about this situation.
The board of directors ended after only opening for one day.
Li Hao and Adam Allen explained.
Adam Allen was able to continue as CEO because of Li Hao's support.
If Li Hao does not support it, he can be resigned immediately, after all, Li Hao is the absolute controlling shareholder.
Therefore, Adam Allen behaved very heartily.
A reception was held in the evening, and Li Hao was dealing with other directors.
Although they are the controlling shareholders, there are many things that require the support of these directors in order to be implemented smoothly and save some trouble.
At the same time, in the new year, Haotian Media is accelerating the internationalization of its actors.
In addition to Jingtian going to Hollywood, Zhang Ziyi is also going to Hollywood.
In Li Hao's opinion, Zhang Ziyi is definitely the most photogenic among Chinese actresses. Even Jing Tian and Liu Yifei are slightly inferior to Zhang Ziyi.
Zhang Ziyi under the lens is really a 360-degree woman with no dead ends, no matter how beautiful she is.
No matter what shape she is, whether she is a supporting role or a protagonist, she will always have a light that cannot be ignored by the audience under the camera.
Of course, this is Zhang Ziyi under the camera. As for Zhang Ziyi in reality, she is considered a beauty, but she is not amazing, and she seems a little too shrewd in real life. Aura.
(End of this chapter)
As soon as I got off the plane, I saw someone picking me up.
"Hi Lee~~"
"Hi, beautiful Ms. Jing~~"
Holding the sign and waving, he walked towards Li Hao and the others.
This time, apart from Li Hao and Jing Tian, there were also their assistants and four bodyguards.
Jing Tian was translating, and Li Hao also understood that the person in front of him was Adam Allen, the CEO of AMC.
Although he had carefully read the information and photos on the plane before, when he saw it, Li Hao found that he was really face blind.
It feels like these foreigners all look the same.
With Jing Tian as the interpreter, they were connected and exchanged pleasantries with each other.
This time, in addition to Adam Allen, there were ten AMC theater executives who came to pick him up at the airport.
After shaking hands one by one, they got in the car and left the airport.
A reception was held at the hotel, and then Li Hao and the others rested at the hotel.
This kind of intercontinental flight is really exhausting.
Even though Li Hao was always in good health, he couldn't bear it.
This kind of tiredness is not really tired physically, but tired from the heart.
After a good day of rest, the board meeting was held the next day.
Every director was there.
CEO Adam Allen reported revenue and profit.
"In 2018, the company's net profit attributable to ordinary shareholders was US$1.10 million, a year-on-year increase of 122.6%, and its operating income was US$54.61 billion."
The box office revenue of AMC theaters accounted for 62% of the total revenue, and food and beverage revenue accounted for 31% of the total revenue!
Box office revenue is simply not enough to maintain the normal operation of theaters. Food and beverage revenue is very profitable, but part of it is used for operating costs.
Operating costs include not only theater rent, water and electricity bills, equipment maintenance fees, workers' wages, but also the wages of headquarters staff.
The labor cost in European and American countries is really not generally high.
Li Hao couldn't help complaining in his heart.
Tangtang, the world's largest cinema chain, spent US$2016 billion to acquire Europe's largest cinema chain "Odeon£|UCI Film Group" in 12, and acquired Nordic Cinema Group for US$2017 million in early 9.3. How domineering.
The result is good, loss last year, meager profit this year.
With tens of thousands of screens, box office revenue alone cannot guarantee a balance of payments!
"Adam, do you think that according to the North American box office, the number of viewers keeps declining, and the company continues to operate like this, will it be profitable next year?" Li Hao frowned and asked a very sharp question.
Over the past few years, the box office in North America has generally maintained a similar level, sometimes slightly higher, sometimes slightly lower, but it is an indisputable fact that the number of moviegoers has continued to decline.
The reason why the box office can maintain a similar level is because the ticket price has risen.
However, the movie box office revenue is simply not enough to maintain the operation of the theater chain, and it has to make profits from drinks and food. If the number of moviegoers decreases, the income from drinks and food will decrease, the profits will decrease, and even operate at a loss. .
Jing Tian was translating on the side.
Adam Allen was speechless: "Boss, I think it will be difficult, and there is even a possibility of losing money next year."
"However, the general environment is like this. Other theater chains are worse than us, and have been losing money for several years." Adam Allen emphasized.
European and American theater chains are a sunset industry. This has been the consensus for decades. Even if they make a profit, they will not make much profit.
AMC Theaters was able to go public because of Wanda's generous investment, and the profit data has become better, which is why it was able to go public.
"What can you do to improve the company's profitability?" Li Hao asked.
For the board of directors, resolution is the core issue, such as the appointment and dismissal of senior executives, financial conditions, and the decision on the time to hold a general meeting of shareholders.
"Actually, there are two methods. The most fundamental method is to increase the box office share ratio. The box office share ratio of our theaters is too low, which is very unfair."
"The second method is to lay off staff and close theaters that are not doing well."
Li Hao frowned. Layoffs are not a viable option. There are 1006 movie theaters in the AMC theater chain with 3 employees. On average, a movie theater has about 30 employees, which means that the number of employees is not many.
No matter how many layoffs are made, in fact, there will not be many layoffs, and the layoffs will cost a lot of money.
"Can you increase the box office split? You know, in China, the box office split can reach 50%!" Li Hao asked.
"It's very, very difficult. Those vampire companies don't want to do this. If they don't show the movie in our cinemas, if they stand in a stalemate, our loss will be much greater than theirs, and we won't be able to consume them." Adam Allen said.
Then he spoke up.
Only then did Li Hao know that in the past few decades, theaters have been trying to increase the box office revenue, but in the end they were defeated by the film companies.
Film companies are very united in this regard.
Li Hao was speechless.
The environment of these two countries is surprising, and it is really not ordinary.
In China, theater chains share more box office accounts than film companies, and theater chains are the boss.
Li Hao learned about it, and then he realized that in European and American countries, theater chains generally do not make money, or make small profits.
Especially in North America, because of the North American box office share, the proportion of film companies' share is too high.
On the contrary, in Europe, many local European films are literary films, and the box office of literary films is not good. It is often Hollywood films that create the box office, and European cinemas share the box office of Hollywood films, which is naturally not the box office share of North America. Make more money.
Li Hao also felt puzzled about this situation.
The board of directors ended after only opening for one day.
Li Hao and Adam Allen explained.
Adam Allen was able to continue as CEO because of Li Hao's support.
If Li Hao does not support it, he can be resigned immediately, after all, Li Hao is the absolute controlling shareholder.
Therefore, Adam Allen behaved very heartily.
A reception was held in the evening, and Li Hao was dealing with other directors.
Although they are the controlling shareholders, there are many things that require the support of these directors in order to be implemented smoothly and save some trouble.
At the same time, in the new year, Haotian Media is accelerating the internationalization of its actors.
In addition to Jingtian going to Hollywood, Zhang Ziyi is also going to Hollywood.
In Li Hao's opinion, Zhang Ziyi is definitely the most photogenic among Chinese actresses. Even Jing Tian and Liu Yifei are slightly inferior to Zhang Ziyi.
Zhang Ziyi under the lens is really a 360-degree woman with no dead ends, no matter how beautiful she is.
No matter what shape she is, whether she is a supporting role or a protagonist, she will always have a light that cannot be ignored by the audience under the camera.
Of course, this is Zhang Ziyi under the camera. As for Zhang Ziyi in reality, she is considered a beauty, but she is not amazing, and she seems a little too shrewd in real life. Aura.
(End of this chapter)
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