The king of ghost horse comedy

Chapter 108 The Emergence of the Media Empire
While the movie "San De Monk and Chun Mi Liu" was a big hit, Xu Guanwu successfully acquired Eternal Records.

Eternal Records was founded in 73. At the beginning of its business, it represented the records of singers from places such as Xingma, Nanyang and other places. Later, it discovered local singers in Hong Kong and achieved great success.

Historically, this record company is one of the oldest Chinese-funded records in Hong Kong. It entered the mainland record market in 83 and launched popular singers such as Xu Xiaofeng and Zhang Mingmin.

At this time, Eternal Records was naturally not that powerful, and it had only been established for a little over a year.The company itself only has dozens of people. The boss, Ma Jiahua, is a Malaysian Chinese. He used to run a record shop in Malaysia, and later developed in Hong Kong. With the help of his contacts in Nanyang, he released the records of Xingma's singers to Hong Kong.

What Xu Guanwu valued was not this company, but Ma Jiahua and the distribution channel behind him.

Ma Jiahua has been operating in Nanyang for more than ten years, and has already established good relationships with various parties. Cooperating with him can save a lot of time in opening up markets.

But at the beginning, Ma Jiahua didn't want to sell his record company, because although his record company was just established, its performance was very good.

Star horse singer's Mandarin and Cantonese records are also very popular in Hong Kong, and he has just acquired singer Xu Xiaofeng under his command, and is planning to spend a lot of money to make her a popular singer.

Ma Jiahua found Xu Xiaofeng in a nightclub. He felt that this girl had a very good voice and was very skilled in singing. If she could teach her a lesson and have one or two best-selling songs, this girl would definitely become a famous singer in Hong Kong. .

With a good performance and strong singers under his command, Ma Jiahua is very optimistic about the company's prospects, so naturally he doesn't want to sell all his hard work.

After Xu Guanwu read the investigation report sent by Manager Fang, he was very interested in Eternal Records, not only because Ma Jiahua had distribution channels in Nanyang and Hong Kong, but also because of the singer Xu Xiaofeng.

Xu Guanwu vaguely remembered that there was such a female singer in Hong Kong, as if he had seen some reports before.

There are not many Hong Kong singers who can be remembered by Xu Guanwu. Each of them is a smash hit singer, such as Xu Guanjie, Lin Zixiang, Winner Band, BEYOND Band, Four Heavenly Kings, Ye Qianwen, Anita Mui, Leslie Cheung, Chen Baiqiang etc.

Xu Guanwu wanted to start the record business because he remembered these famous singers in his mind and knew that each of them had the potential to become famous.

On the other hand, if Xu Xiaofeng can be remembered by Xu Guanwu, it proves that she will definitely be a smash hit.That being the case, it would not be a disadvantage to sign her.

Xu Guanwu immediately sent people from the company to contact Ma Jiahua, and the acquisition price continued to rise, from 50 Hong Kong dollars to 200 million Hong Kong dollars, and Ma Jiahua finally couldn't stand it anymore.

In the 70s, the sales volume of records was not very high. Xu Guanjie's "Ghost Horse Twin Stars" exceeded 15 copies, and the already surprising glasses fell to the ground.

But in the 90s, Zhang Guorong and Alan Tam had hundreds of thousands of records. Jacky Cheung's first record sold 20 copies, and the global sales of "Kiss Goodbye" exceeded 400 million copies.

Eternal Records releases records of singers from the Xingma area, and the sales volume is basically between [-] and [-] copies. Although it makes some money, it is not a huge profit.

Although Ma Jiahua had the idea of ​​killing him and not selling it, when Xu Guanwu bid 100 million Hong Kong dollars, his heart was already shaken.

When the asking price reached 150 million, Ma Jiahua was already tempted, but still wanted to see if he could raise it further.

Xu Guanwu didn't bother to talk nonsense with him, so he directly asked for 200 million Hong Kong dollars. Now Ma Jiahua would sell it if he couldn't beat him, and signed a contract with Xu Guanwu in a hurry.

Xu Guanwu then changed the name of Eternal Records to Yesheng Records, and used a monthly salary of 5 and 1000% profit dividends to rehire Ma Jiahua to continue to be the manager of the record company, and injected another [-] million Hong Kong dollars to allow Ma Jiahua to poach from major record companies and establish Belongs to Xu Guanwu's record empire.

Ma Jiahua was taken aback by Xu Guanwu's huge investment, throwing away millions and tens of millions at every turn, which is really enviable and jealous.

Although Xu Guanwu seems to spend money lavishly, he actually has an account in his mind. Not to mention other scattered income, the movie "Rocky" alone brought him nearly [-] million US dollars in income.

Converting the 5 million U.S. dollars into Hong Kong dollars is more than [-] million Hong Kong dollars, which was considered a considerable amount of money at the time.

As mentioned earlier, Li Ka-shing, as the chairman of a listed company, owns Cheung Kong Industrial, known as the Five Tigers of Chinese-owned real estate, but his current net worth is only [-] million Hong Kong dollars.

Xu Guanwu's more than 5 million Hong Kong dollars, except for the more than 1000 million US dollars used to fund Spielberg and Douglas's filming, was brought back to Hong Kong by him.

Afterwards, Xu Guanwu used US$120 million to redeem the 15% stake in the Xu Brothers Company he had mortgaged, and also used HK$[-] million to acquire [-] commercial office buildings located in the bustling downtown area, bringing Xu Guanwu an annual income of RMB[-] million. rent.

He also used [-] million Hong Kong dollars to set up a superstar manager company, which included Cheng Long, Hong Jingbao, Yuan Biao and others.In addition, it also acquired "Daily Daily" and established Stanley Market Research Company.

Through a series of alliances, mergers, and acquisitions, Xu Guanwu has become one of the most powerful media tycoons in Hong Kong, leaving Zou Wenhuai and He Guanchang behind, and can almost be compared with Shao Yifu.

After completing the acquisition of Eternal Records, Xu Guanwu temporarily restrained his minions and calmed down to focus on the follow-up development of his company.

"Daily Daily" has been distributed free of charge for more than a month, and now the average daily sales volume is basically stable at around 30 copies.Although there are still some losses, the amount of advertising is also increasing, and now it only loses more than 1 Hong Kong dollars a day, which has greatly improved compared to the previous efficiency.

I believe that after Hong Kong's economy gets out of the slump next year, "Daily Daily" will turn around and become a high-quality industry under Xu Guanwu.

The New Brilliant Cinemas is undergoing intense and orderly renovations, and Xu Guanwu believes that this project will be completed a few years ago.The [-] commercial office buildings where the cinema is located have also been leased out, temporarily managed by Fuli Property Management, which will bring more than [-] million rent to Xu Guanwu every year.

Although the Stanley investigation company has a small number of people, they are all elites who can act on their own. Recently, they are still conducting investigations on theaters.

Although there are only Xu Brothers, Qi Xiaofu, Zhao Yazhi and other stars under the Superstar Manager Company, its potential is unlimited.In particular, Xu Guanwu's injection of [-] million Hong Kong dollars gave it the confidence to poach corners from Shaw Brothers and Golden Harvest.

Of course, Xu Guanwu also doesn't want the superstar company to only know about poaching, but not self-healing.Recently, he is planning to set up an acting school to train and discover new talent, so as to contribute fresh blood to the superstar manager company.

But this matter cannot be accomplished overnight, it needs to be laid out and developed slowly.So far, the performing arts school has only chosen a school site, but there is no news about the principal, teachers, students, etc.

(End of this chapter)