China Entertainment has been a director since 08

Chapter 62
Wanda Cinemas has a total of 10 billion shares, all of which are in the hands of Wang Jianlin.

The price Wang Jianlin offered was 1 yuan per share, which is 3 billion yuan!

This means that a Wanda Cinema will reach RMB 4285.7 million!

There is no doubt that the price is high!
Haotian Media can't afford so much money.

Li Hao had a headache, and Lao Wang's knife really made him feel distressed.

"What's wrong?" Jing Tian came out wrapped in a towel after taking a shower.

Seeing Li Hao frowning, he couldn't help being a little curious.

"It's not that the negotiation with Wanda is not going well, Lao Wang's asking price is too high." Li Hao rubbed his brows.

Jing Tian became even more curious: "How much is the asking price?"

"30 billion RMB!" Li Hao sighed.

In fact, theater chains don’t make much money. Rent, utility bills, employee wages, etc., are difficult to make money from the theater’s box office alone. Popcorn, water, and derivatives can actually generate profits.

But even so, Li Hao won't be tempted by theaters that can make money every year.

After all, making movies and TV shows is the real money.

The profit margin of a film and television company is high!

In terms of earning power, theaters are far inferior to film and television production.

But theaters are very important. They directly provide movies to the audience. Without it, no matter how good or how many movies are made, it will be useless.

Li Hao wants to build a theater chain, but also to build Haotian Media's moat.

Let Haotian Media have its own theater chain, so as to build the entire industrial ecological chain, and will not be controlled by others.

This is like Huayi, which has not given up its investment in theaters for so many years.After going public last year, it has built theaters on a large scale.

"It's so much money!" Jing Tian clicked her tongue, she was startled by Wanda's asking price.

"Wanda Cinemas are all located in Wanda Plaza. Now there are 70 Wanda Cinemas across the country. The locations are relatively large," Li Hao explained.

No Wanda Cinema has less than 8 halls.

Jing Tian was ignorant of what he heard, but didn't quite understand.

Li Hao sighed.

Tell her that it's like playing the piano with a cow.

He is still in charge of making money, and Jing Tian is in charge of being beautiful.

"Love Story in Beijing" continues to shoot.

The filming went smoothly, without any hiccups.

The difficulty of shooting this movie is not even as good as "Cohabitation in Time and Space".

On this day, Li Hao welcomed Wang Jianlin at the hotel.

Seeing the immature Wang Sicong behind Wang Jianlin, Li Hao had a vague impression that this Wang Sicong seemed to have the title of Principal Wang later.

But the impression is very vague, I only stay at roadside stalls to eat skewers, and nightclubs to catch Internet celebrities.

Yes, this one seems to love Internet celebrities only, and the women around him seem to have Internet celebrity faces, with very unique tastes.

"Mr. Wang, Mr. Wang, welcome!" Li Hao stepped forward with a smile.

Wang Jianlin smiled and said, "Director Li, I've heard about the name for a long time, and I just saw it today. The hero is a young boy. He's the same age as my brat, but he's much better than him."

Yes, Li Hao and Wang Sicong are from the same year.

Several people arrived at the tea room, Li Hao's side was just him and Jing Tian.

The only opponents were Wang Jianlin and Wang Shicong.

The two began to negotiate. Li Hao attached great importance to the theater chain, and Wang Jianlin also attached great importance to the theater chain. He even regarded it as one of the four pillars of Wanda Group.

But business, you can talk about it!

What Wang Jianlin is most concerned about is Wanda Plaza. To do a good job, Wanda Plaza must first have a good popularity. If it is popular, it will attract others to enter Wanda Plaza.

As for the cinema, there is no doubt that it plays a very important role in Wanda Plaza.

Essentially, he doesn't care whether Wanda Cinemas can be sold or to whom. What he really cares about is whether he can buy the cinema at a good price and at the same time bring good popularity to Wanda Plaza.

There is no doubt that Haotian Media is a good choice.

Of course, Wanda also thought about buying Haotian Media before, but Li Hao never thought about selling Haotian Media.

Negotiations, no rhetoric, fierce confrontation.

More than an hour later, Li Hao and Wang Jianlin reached a cooperation.

20 billion wholly-owned acquisition, Wanda Cinema Line's 7 million debt is borne by Haotian Media, and at the same time, every Wanda Plaza will have a Wanda Cinema in the future, retaining the Wanda Cinema brand.

However, within ten years, Wanda is not allowed to invest in movie theaters, nor is it allowed to enter this market by way of equity participation.

Li Hao entertained Wang Jianlin and Wang Sicong for dinner, and they left after the meal.

"Dad, didn't you say you would sell it for 30 billion before? Why are you selling it like this now?" Wang Sicong was puzzled.

"Tear onion, we really invested 5 million yuan in the studio, and now we have sold it for 20 billion yuan. We have made three times the money in five years. We must be content!" Wang Jianlin patted his son on the shoulder.

"With these 20 billion yuan, we can leverage 200 billion yuan projects!" Wang Jianlin taught Wang Sicong earnestly: "Our core is Wanda Plaza. We only need to ensure the flow of customers. Wanda Cinemas will benefit us if it is well managed. It doesn't matter whether it is in our hands or not!"

"Remember, business does not depend on preferences, but on interests!" Wang Jianlin said.

"Then why is Li Hao still willing to spend money to buy it?" Wang Sicong didn't understand.

"Benefits, Haotian Media only produces TV dramas and movies now. It doesn't have a distribution channel, but we have! Haotian Media can also invest in the construction itself, but construction takes time, and time is money!" Wang Jianlin sees this matter thoroughly.

In the beginning, Wanda did not intend to build its own cinema chain at all, but hoped to introduce Warner and form a joint venture with Warner to jointly support Warner cinema in Wanda Plaza.However, due to various factors, Warner failed to apply for a theater license in China, and could only participate in independent movie theaters.It is impossible to establish an independent cinema company, so Warner has lost interest in continuing to invest in cinema assets in the Chinese market.

Because the theater chain jointly established by Warner and Wanda failed, Wanda had to apply for a license and set up a Wanda theater chain in 05.

Unexpectedly, Wanda Cinemas is not a loss-making business as expected, but a profitable business.It can not only attract popularity to Wanda Plaza, increase the flow of people in Wanda Plaza, but also make money.

Therefore, Wanda's investment in theaters has only increased year by year.

However, at present, Wanda Cinemas has 70 screens in 600 cinemas, and the box office is only 10 billion yuan. Including other income, the profit is less than 1 million yuan.

A company like Wanda, with a debt ratio of over 90%, is almost as dangerous as walking a tightrope.

Now the situation is much more relaxed, Wanda can leverage ten times.

With 20 billion yuan, Wanda can take advantage of the 200 billion yuan project and make a lot of profits.

Naturally, Wang Jianlin will not hold back and not sell.

Furthermore, the cooperation between the two is a win-win situation, and they can continue to win in the future.

(End of this chapter)