China Entertainment: Starting from 07 Kuainan

Chapter 419 Spring Festival Gala and Singer Premiere

In July 05, multiple ministries and commissions jointly issued the "Several Opinions on the Introduction of Foreign Investment in the Cultural Sector", which clearly stipulates that foreign investment is prohibited from establishing and operating film distribution and production companies.

When a film company introduces foreign investment, it must submit to the relevant GWY departments for approval and obtain the consent of the Ministry of ZX.

In the same way, if a company wants to be listed overseas, it also needs to obtain approval from relevant departments.

Bona is listed on Nasdaq and uses a VIE structure.

The so-called VIE structure, a simple explanation is to first establish a company entity overseas. Companies are usually established in tax depressions, such as Cayman, BVI (British Virgin Islands), Banaama and other regions.

Then, a subsidiary controlled by the BVI company is established in the country.

Afterwards, through this holding subsidiary, a series of agreements are signed with the 'company to be listed' to control the 'company to be listed'.

This agreement is the VIE agreement. Through agreement control, restrictions on the introduction of foreign capital can be circumvented.

In this way, regulatory restrictions can be circumvented, domestic corporate entities can be controlled, and taxes can be avoided.

Regions like the BVI usually do not levy capital gains tax, and the personal income tax rate is also very low.

How low can it go?

Around 10%.

Many wealthy celebrities use offshore companies to avoid taxes. Many big-name celebrities in Europe and the United States are frequent visitors to these tax depressions.

Domestically, companies listed overseas such as Ali, Bilibili, Goudong, etc. all follow this pattern.

Lu Yuan had already started preparing to adjust the structure, but a phone call from Uncle Li made him see another way.

At present, Lu Yuan still doesn't know who made the force.

Judging from the shareholder structure of Star Media, China Film, Wangda, Tencent, and CMC all have that energy.

No matter who you are, if you can get a big cancer, you will definitely get a big cancer.

The water is deep in Laos and the United States. If you really go public there, intrigues are inevitable. Notorious short-selling institutions like Muddy Waters and Citron specialize in targeting Chinese concept stocks to cause trouble.

Focus Media, New Oriental, Huishan Dairy and other Chinese concept stocks are all prey of muddy waters.

In addition to facing institutional encirclement and suppression, sometimes ideological struggles are involved.

Instead of consuming energy out of thin air, it is better to go directly to cancer.

With Star Media's profitability, once listed, the stock price will definitely rise.

……

The next day.

Lunar New Year's eve.

This year is a lively New Year. The uncle’s family and the mother-in-law’s family all came to Jiujiantang and gathered together.

During the Chinese New Year, little October, who is half a year old, has an extra companion.

Sister-in-law Zeng Yu came with her child, a boy over three years old.

Although the two children are of different ages, they have a great time playing together, mainly because Nick teases October.

After enjoying the New Year's Eve dinner happily, a burst of extremely festive background music suddenly came from the TV in the living room.

"Go home for the New Year, let's go home,

Go home, go home, go home, go home..."

This is the opening song of this year's Spring Festival Gala, "Go Home for the New Year." The lyrics are very straightforward and the music is very festive, written by Xiao Ke.

Thinking of the singing, the dance troupe was the first to appear.

After a while, a train model drove towards the stage from the left. Immediately afterwards, five people, Chen Chusheng, Hu Xia, Yu Kewei, Mina, and Li Ronghao, stepped down from the train model one after another.

The original opening act of the 11 Spring Festival Gala was Dong Jie, Han Geng, Yin Tao, Zhou Liangyu, and Dou Xiao, but now it has been replaced by the Starlight Records five-member group.

Among them, it is not only due to the rise of the mainland music scene, but also due to Lu Yuan's strong support.

With Lu Yuan's current energy, it may be a bit difficult to arrange a Spring Festival Gala solo at will, but it is basically not difficult to pack a few people in one go like this.

In addition to the five-member Starlight Records group, Tian Zhen, who has become famous again, also appeared on the Spring Festival Gala stage this year.

Then came the sketch performed by Shen Teng, Ma Li, and Ailun. The rest of the program was very different from the previous life. Milk Tea Lun still partners with Wanwan supermodel Lin Zhiling to sing "Lanting Preface".

If nothing else, this year is also the last time that Mr. Benshan will appear on the Spring Festival Gala stage.

Twenty-two years have passed since her first appearance in the Spring Festival Gala in 1990. Except for her absence in 94, she has appeared every year for the remaining 21 years.

Spanning more than 20 years, Uncle Benshan has almost become a mark of the times.

In those years, Zhao Benshan's sketches were basically the flagship program every year.

No matter what the reason is for Mr. Benshan to withdraw from the Spring Festival Gala, he has been busy for so long and deserves a break.

After all, attending the Spring Festival Gala every year is a big challenge to have something new every year.

Moreover, last year, the private jet incident caused a lot of commotion, and Uncle Benshan's background was completely changed.

Previously, the media also exposed Uncle Benshan’s luxury cars and mansions, but the properties of luxury cars and mansions are completely different from those of private jets worth hundreds of millions.

The difference between seven-digit numbers, eight-digit numbers, and nine-digit numbers.

Such an intuitive impact completely destroyed the filter of the peasant artist.

In fact, if Lu Yuan were to choose, it would be best to finish "Not Short of Money" in 09 and then officially announce his withdrawal.

It’s better to quit at your peak than to waste money in vain.

The exit plan Lu Yuan set for himself was ten years later.

In 2021, he officially announced his retirement from the music scene.

Maybe, the time will be earlier.

Although in 21, he still had some inventory in his music library, there was not much difference between one year later and one year earlier.

After retiring from the music scene, his focus will shift to the company and his career as an actor.

As an actor, he can eat for a long time.

As long as there is a good script, there will never be a shortage of drama.

Ten years from now, if Star Media cannot independently launch hit dramas and the company closes or goes bankrupt, Lu Yuan will not complain.

Anyway, the income from those investments, song copyrights, etc. is enough to last several lifetimes.

Half past ten in the evening.

Lu Yuan received a New Year's call from Hong Tao, the person in charge of "Singer". He said a few New Year's greetings kindly, and the two parties hung up the phone.

"Singer", which has been in preparation for more than half a year, is finally about to be released.

It will premiere on February 2th, the third day of the Lunar New Year!

This program has been previewed by Shonan Satellite TV for half a year in advance. With the reveal of the competing guests, the number of fans paying attention to this program is increasing day by day.

Tian Zhen!

Sword Wolf!

Power train!

Zhang Yu!

One by one, they were all singers who were popular all over the country.

Singers with talent show backgrounds such as Zhang Jie, Xue Qianqian, and Tan Weiwei also have a large number of fans.

However, Lu Yuan could not see the premiere of "Singer".

On the fourth day of the Lunar New Year, he had a concert in Taipei. In order to ensure the live performance, he had to go to Wanwan on the third day of the Lunar New Year.

The afternoon and evening were spent rehearsing.

In the blink of an eye, the new year flies by.

The time came on the third day of the lunar new year. After receiving a kiss from Little October, Lu Yuan waved goodbye to his family and boarded Wanwan's plane.

After boarding the plane, Lu Yuan sent a red envelope to the crew members one by one.

Each person is eighty-eighty-eight, looking for good luck.

Also on this day, "Singer" officially debuted!

(End of this chapter)