China Entertainment started from Nortel 2002

Chapter 1024 The Opportunity is Coming

The next day, May 1st.

The sun had already climbed completely up into the sky, shining in through the entire floor-to-ceiling window of the bedroom, casting a warm golden glow.

Outside the window, the spring breeze, carrying a faint floral scent, gently blows through the curtains, gently lifting the gauze and casting mottled light and shadows.

The atmosphere in the room was soft and quiet.

On the bed, Liu Yifei was half-lying in her pajamas, with her long black hair scattered on her shoulders and pillow. A few strands playfully slid down the sides of her face, making her skin look even whiter.

The neckline is only slightly open, revealing a piece of soft skin, and the shoulder straps slide down the arms, revealing a natural laziness and just the right amount of sexiness.

"Calm down!"

Li Mu half leaned against the head of the bed, holding a cup of warm water in his hand, and gently tapped Liu Yifei's little head.

"Hehe!" Liu Yifei turned her head slightly, her voice soft, like a cat that just woke up.

"what time is it?"

"It's almost eleven o'clock." Li Mu yawned.

"It seems that the late you said is not that late." Liu Yifei smiled playfully.

"Oh my!" Li Mu was about to put down the cup and pull Liu Yifei back, but he saw that she had already jumped away from the bed, obviously preparing to wash up.

At this moment, the sunlight happened to hit Liu Yifei's profile, outlining her delicate outline. Her long eyelashes cast a small shadow under her eyes, revealing a bit of weariness and peace.

"The light and shadow effects are really nice." Li Mu was amazed by this scene for a moment. This perfect beauty was captured by nature.

"It can be included in the performance."

Li Mu muttered secretly. Liu Yifei couldn't hear clearly. There was still foam on her mouth from brushing her teeth. She kept asking, as if asking what he was talking about.

"nothing."

Li Mu chuckled and shook his head, then picked up his phone and wrote it down in the memo, then opened the news and took a look.

He hasn't even looked at the data for this year's May Day period.

It is obvious that with the absence of Beijing and Shanghai, two major box office cities, many films had to be withdrawn, resulting in an especially quiet May Day period.

On April 4, Saturday, the market volume was only over 30 million. This level of desolation made people in the industry shudder.

"No way, it's so little."

Liu Yifei walked to Li Mu with a wet towel, took a look, and was a little bit unbelieving the data in front of her.

"After all, it's normal that the two major voting bases are closed."

"That's not normal. This data feels like it's gone back to the millennium." Liu Yifei shook her head.

"Then what can you do?"

"Then I have no solution." Liu Yifei smiled and shook Li Mu's shoulders. "You must have a solution."

"What can I do? I can only wait for the industry to recover."

“When will the industry recover?”

"I don't know."

"I thought you knew everything?"

"Then I'll go get my fortune told."

"."

The two of them chatted with each other, adding a few smiles to the bedroom.

The May Day holiday passed quickly, and the sad workers have returned to work, but the major theaters and producers are just as sad as the workers. Because the total box office of the "May Day" this year was less than 3 million yuan, the champion "I Really Hate Long-Distance Relationships" had a box office of 8663.72 million during the holiday, and it didn't even break million.

On the first day of work, Lu Yu also learned that Li Mu had returned to the capital, and as usual, he gave Li Mu a brief report over the phone.

Most of them are related to money, and as for cinemas, they are basically losing money at present due to various environmental reasons.

"Mr. Li, the cost of closing the cinema is close to 20 per month, and some cinema employees are worried now."

"Huh? What are you worried about?"

“They are worried that you will cut their salaries. It seems that all major cinema chains are doing this now.”

Now, due to the direct relationship with the epidemic, there are few new films and low customer flow, resulting in a significant reduction in theater revenue.

The daily costs of many cinemas are fixed expenses.

Naturally, some cinemas can't bear it anymore and can only use this method to resist risks.

Like last year's May Day holiday, the number of theater customers increased, and theater managers had to go to the scene to adjust the screening schedule based on the viewing effect.

This year, cinemas are closed and most theater managers are probably stuck at home.

"Let them rest assured. Mengying Media Cinema Line has no such arrangement. However, keep the news low-key and tell them not to spread it out. After all, just because we can do it doesn't mean other cinemas can do it."

Li Mu sighed.

"I understand, Mr. Li."

"."

"How can the monthly expenditure of a cinema be so high?" Liu Yifei was sitting next to Li Mu, so she naturally heard the conversation between Li Mu and Lu Yu and couldn't help but be a little surprised.

"You think that rent, labor costs, and maintenance costs are not considered high. This is just an average figure. In fact, the cinemas in first-tier cities will be higher than this."

Li Mu said with a smile.

"Wanda Cinemas must be losing tens or even hundreds of millions of dollars a month!"

Liu Yifei immediately thought of Wanda Cinema Line, which is now the largest cinema chain, and even far ahead of the second largest one.

"really!"

Li Mu nodded, then thought of something, and then checked the current listing progress of Zhuhai Wanda Commercial Management in his spare time.

Everyone in the industry knows that Zhuhai Wanda Commercial Management must go public, otherwise Wang Jianlin will not be able to complete the bet.

After looking at the information online, Li Mu called Liu Weijuan again and asked, "Check how much equity repurchase money Wanda Commercial Management Group needs to pay to pre-IPO investors if the listing fails, what is the deadline, and is there any possibility of extension?"

"Wait a moment, Mr. Li, I need some time."

"Okay, call me back later."

After Li Mu hung up the phone, he sat quietly on the chair in the study. Only ten minutes later, Liu Weijuan called back.

“Mr. Li, we have found that if Zhuhai Wanda Commercial Management cannot be successfully listed by the end of 2023, Wanda Commercial Management Group will have to pay approximately 300 billion yuan in equity repurchase funds to pre-listing investors.

Current progress: Last year, after Wanda Commercial Management Group failed to list on the A-share market, it officially withdrew its A-share listing application and applied for a H-share listing.

But the progress is very unclear. The Hong Kong Stock Exchange seems to have doubts about Wanda’s financial situation and various data. The specific situation is still unknown.”

Liu Weijuan reported to Li Mu item by item.

In short, the probability of listing is very small, and there will be huge equity repurchase funds in 2023.

"Okay, go ahead and do your work." Li Mu nodded and hung up the phone.

He will definitely not get involved in Wanda's problems. The real estate industry is much more complicated than the film and television industry. After all, the size difference is many times, and there are many pitfalls. It would only be a drop in the bucket for Mengying Media to fill the gap.

Just to fill in the last link of the film and television empire, it seems that the opportunity has come at this moment.
(End of this chapter)