Chapter 155 Gambling Agreement
Xue Yujin took out a business card and handed it to Wen Xi: "The company I run is called Jiada Pictures. I wonder if you have heard of it."

Garda Films?

Wen Xi took the business card and nodded quickly to show that he knew.

Garda Films was established at the end of the last century. Garda Films produced many good dramas when the original owner was a child. It can be said that it is a childhood memory. It is a veteran-level production company in the industry.

However, over the past 20 years, with the rise of more and more production companies and the development of technology, Gada Film has become increasingly declining and has gradually disappeared from people's sight.

"My financial fortune has been really bad these years. Every time the company comes out with a film or TV series, I just pounce on it."

"Every year we have two or three S-level productions. After spending a lot of money to shoot them, they fail to pass the review or fail due to various reasons."

When Xue Yujin said this, Wen Xi remembered that the drama in which the original host used to be the fifth female lead could not be broadcast because the lead actor was cast. The production company seemed to be Xue Yujin's Jiada Pictures.

Xue Yujin's face grew darker as he spoke: "Some of the novels carefully selected by our team were turned into movies and TV shows, and they were ridiculed by netizens, and the ratings were also very dismal."

"However, most film and television dramas are silent, and the splash is of no importance."

"We hired top stars who have become popular in recent years as the leading actors. In order to keep up with their popularity, Xuanfa also spent a lot of money."

"Gada Pictures was the first company I started when I was in my early 20s. In order to prove to my father that I was capable of opening it, I put a lot of effort into it and lived a very tight life."

"My father didn't support me at that time. When I was at my poorest, I even had to sell my luxury bags to make a living!"

When Wen Xi heard this sentence, her little head had a big question mark. Her definition of being poorest was when she couldn't even afford to eat.

So this is when the rich second generation feel they are the poorest?
Xue Yujin's tone was reminiscent: "Fortunately, the first drama produced by our company became the top five in ratings that year."

"From then on, I became more and more courageous. At that time, I was really high-spirited. I was the producer with the highest ratings for several years in a row, and five films were nominated for international film festival awards."

"I really never thought that 20 years later, I would be losing so much, almost losing all the money I made before."

Xue Yujin recalled that there was a huge gap compared to the bleak present.

Wen Xi felt that Xue Yujin might not be able to accept the current decline of the company: "Now that Jiada Pictures has been losing money, have you found any solution?"

A film and television drama is constantly burning money during the filming process, and there is no way to recover the money in a short time.The cycle from production to review is also very long.

Xue Yujin nodded: "A year ago, I signed a gambling agreement with several investors and sold 20% of the company's shares to the investors."

Gambling agreement?Wen Xi understands that gambling agreements are relatively common in the entertainment industry.

The risks of investment and financing of film and television dramas are very high, and losses of millions and millions can easily occur.

In order to protect their future rights and interests, some investors enter into a betting agreement with financiers (usually production companies), stipulating that profits must reach their expected figures within a specified time.

If there is no win, the financier will return the money to the investor with interest.

The gambling agreement attracts investment very quickly, and if the gambling agreement is completed, subsequent investors will make additional investments, which is very tempting for production companies that are in urgent need of money.

Speaking of this gambling agreement, Xue Yujin's brows furrowed even more.

"We both agreed to earn 3 million within three years. If we fail to earn 15 million, we will repurchase the previously sold shares at an interest rate of [-]%."

Good guy!It has been a year now, and I have made no money and even lost money.

It turned into earning 3 million in two years!
For Xue Yujin, who has suffered losses for many years, this is like carrying a mountain of five fingers on his back!
“This is the last time I’m going to take a chance on Gada Films.”

"I really can't accept the bankruptcy that I have put in for 20 years." Xue Yujin took a sip of coffee to calm herself down, but her hand holding the coffee cup was shaking.

With a KPI of 3 million on his back, who wouldn’t panic?

"If it can't be completed, I will pay for my father's coffin in this gambling agreement."

Hey, investment is risky. Wen Xi has seen many rich people playing themselves to death like this.

Lang Wan held the hand of his best friend Xue Yujin, and she comforted softly: "Yu Jin, don't worry, there will always be a way."

"If that day comes, Lao Kang and I will do our best to help you."

We have been friends for many years. We have supported each other over the years and achieved today's achievements. Lang Wan couldn't bear to see his best friend in trouble.

Xue Yujin shook his head: "No need, this is the consequence of my own choice. I will bear it alone and will not harm you."

"It's just to pay for it, it's not to kill me."

The two besties were deeply in love, holding each other's hands and crying.

The scene was once very tragic.

Wen Xi, who was sitting aside, was deep in thought and looked extremely calm, even though it was not his money that he lost.

And the more she thought about it, the more excited she became.

This matter is her opportunity!

The [Small TV Store] I drew last time can be redeemed for various movie and TV series scripts from the previous life, but I haven't used it yet.

Wen Xi cleared his throat: "Well, two bosses, there is no need to be so pessimistic. There is still a way."

"If Ms. Xue trusts me, you can take a look at the script in my hand. I can guarantee that it definitely has investment potential."

At this time, the two best friends let go of each other and looked over at Wen Xi.

When Xue Yujin heard Wen Xi's words, her voice was light and she couldn't believe it: "Do you really have a way?"

Lang Wan looked at Wen Xi in surprise: "Xixi, you can actually write scripts!"

"You are too good!"

Wen Xi showed the announcement of the list of winners of the script competition gold medal for "Saving Feng Chen" to the two of them: "Don't worry, the quality is absolutely guaranteed!"

On the list, Wen Xi's "Save Feng Chen" is not only the gold medal, but also No. 2 among the gold medals.

Although Liao Yunsi and others have objections to Wen Xi, this award is voted for by the Film and Television Association, and he is not the only big shot in the Chinese film and television industry.

"Save the Fengchen" won unanimous praise from the judges of the Film and Television Association. No matter how hard Liao Yunsi tried, she could only push Wen Xi from No. 1 to No. 2.

Xue Yujin looked at Wen Xi's name in the line of Gold Award No. 2, and a golden light suddenly burst out in his eyes: "Our liberal arts champion is awesome. The script can win the Gold Award from the Film and Television Association."

The important job of the production company is to select scripts, and Xue Yujin knows the value of this Gold Award No. 2!
"Wait." Xue Yujin suddenly felt confused.

"You have won the No. 2 gold medal in the screenplay competition. Didn't the investors that the Film and Television Association often cooperates with ask you for cooperation?"

(End of this chapter)

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