China Entertainment: Starting from 07 Kuainan

Chapter 352 Cover Character

After comforting Meina, Boss Lu opened his mailbox and began to deal with daily official duties.

Not long after the 500 million yuan in financing was received, the money was spent in a huge amount, of which 300 million yuan was injected into Xingchen Cinema Line.

The remaining 200 million was invested in Xingyue Pictures.

Both companies are money-burning ancestors.

As of now, the number of cinemas under the Star Cinema Line has exceeded 700, with a total of screens.

In the first half of the year, Star Cinema generated a box office of 3.5 million, accounting for 6% of the country’s total box office.

The ratio of 6% is actually not low. Among private theater chains, the box office output of Xingchen Cinema is second only to Wanda and Dadi Cinemas.

Ranked third overall.

As the number one private theater chain, Wanda's total movie box office output in the first half of the year was only 6.8 million yuan.

The gap is not as big as imagined.

What's more, don't forget that many of the theaters under Xingchen Cinemas just started operating this year, and there will be a window period of one to two months.

The space left is still a super slot like the Lunar New Year stall.

Generally speaking, the development of Xingchen Cinema Line is more in line with Lu Yuan's expectations, if the theaters that have been identified and are under construction are included.

By the end of the year, the number of theaters under the Star Cinema Line will reach 150.

The property ownership rate is 90%.

Star Cinema is one of Lu Yuan's prepared retreats. If his film and television investment fails, or his singing career encounters some force majeure, with the assets of the cinema, he, his wife, children, and the rest of their lives are guaranteed.

Even if the theater chain fails to manage well and goes bankrupt.

Land is also valuable.

In particular, the land in future new first-tier cities such as Jiangcheng, Luzhou, Yizhou, Hangcheng, and Suzhou will increase several times in the future, not to mention too much. That is just the most basic.

Compared with Xingchen Media, Xingyue Pictures is operating at a pure loss.

Before the rise of domestic blockbusters, Xingyue Pictures didn't even think about making money.

Lu Yuan's requirements for Xingyue Pictures are not high. As long as the annual loss is less than 200 million while maintaining its own development, it will be a win.

He can still afford to lose 200 million yuan a year.

After handling the company's affairs, it was already twelve o'clock in the evening. Lu Yuan took a look at the time and fell asleep.

Fortunately, he is young and strong now. If he were ten years older, he might not have as much energy.

……

……

The next day.

The new issue of "Time Magazine" is on sale, and Lu Yuan's photo full of oriental beauty is published on the cover.

There is a caption written on the upper right side of the photo.

[The King of Pop from the East——Lucas·Lu]

This issue of Time Magazine immediately attracted huge attention upon its release.

After all, this thing was a little unusual.

As the world's largest circulation news magazine, the cover figures of Time are often celebrities in the political and economic fields.

Sometimes there is simply no cover character, or hot spots, or other pictures instead.

Like this year, the February issue of "Time" featured the first cover character in the first issue of Ao Guan Hai.

In mid-February, the cover featured former CIA Director Robert Gates.

In March and April, it was actor Tom Hanks and Apple CEO Steve Jobs respectively.

The May issue features Lady Gaga, Didier Drogba, and Bill Clinton on the cover.

Before publishing, Lu Yuan read the final draft of "Time" magazine. Generally speaking, "Time" magazine did not use any quotes out of context.

Mr. Lu has to guard against this.

Because "Time" magazine and CNN are backed by the same parent company, the media industry giant Time Warner.

However, Time Warner also suffers from a common problem among large companies.

Wherever there are people, there are rivers and lakes. As a company gets bigger, hilltopism and various gangs are inevitable. It is the same in ancient and modern times, both at home and abroad.

Do you really think there is no Shantouism abroad?

The moons on both sides are the same, no one is rounder, and human nature is the same, with plenty of bad qualities.

Time and CNN occasionally wear a pair of pants, but not every time.

In short, Time magazine's reports are relatively objective.

In this weekly issue, "Time" magazine devoted about five pages to a comprehensive report on Lu Yuan.

Most of the information was collected by Time magazine itself, including music, film and television, personal life, and Lu Yuan's companies, etc.

Only one-third of the interview that day was included in the main text of the magazine.

At the end of the report, Time's editor-in-chief wrote.

[It’s hard to imagine that a 24-year-old young man is setting off a revolution in pop music in America. No, to be precise, the world’s pop music scene is changing because of him.

The wave of electronic music is coming!

Who will be the leader of this wave in the next decade?

Let’s wait and see! 】

new York.

Wall Street.

"I rely on!"

Seeing the cover character of the latest issue of Time, Lu Jing couldn't help but curse.

Immediately afterwards, Lu Jing subconsciously checked the magazine.

She thought the administration had made a mistake, but after checking twice, she found it was correct.

This is the American version.

Brother, has he gotten so far now?

Lu Jing pinched her eyebrows. There were actually quite a few celebrities and dignitaries in China who appeared in Time Magazine.

People in the entertainment industry such as Gong Li, Cheng Long, Li Lianjie, Liu Dehua, Li Min, Zhou Jielun, Li Yuchun and others have all appeared on the cover of Time.

But there is no celebrity on the cover of the American version.

The last Chinese person to appear on the cover of the American version of Time was that old man in 97.

From 1923 to the present, nearly a century ago, there have been less than thirty Asian faces on the cover of Time.

These people are basically political figures from various countries.

After a while, Lu Jing immediately turned to the page related to Lu Yuan. She had to see if Time Magazine had any additional information.

She was worried that her brother had been deceived.

After all, the allure of being on the cover of the American edition of Time magazine is huge.

If a hole is dug, things will get serious.

After reading the current interview content at a glance, Lu Jing breathed a sigh of relief.

There is nothing wrong with the report.

Some sensitive events and topics were not covered.

The content of the interview was mostly in the field of music. Even if there were matters other than music, I didn't say anything out of the ordinary.

George: [In addition to being a singer and actor, you are also the boss of a film and television company. Xingchen Cinema is the fastest growing private cinema in China. What motivates you to invest in cinemas across borders? 】

Lu Yuan: [Because I am optimistic about the domestic film and television market. After joining the WTO, China's development has entered the fast lane, and the rapid economic growth will inevitably give rise to spiritual and cultural needs]

George: [So, you are very optimistic about China’s future? 】

Lu Yuan: [Of course, China will become one of the most important economies in the world in the future. In the future, China’s culture, entertainment, consumption and other fields will become one of the fastest growing markets in the world]

……

In addition to these contents, there is also a very important news that is also being reported.

(End of this chapter)