China Entertainment started from Nortel 2002

Chapter 1072 Market Changes
Although the whole world is complaining about "Fast and Furious 10", it does not prevent the movie from continuing to reap global box office revenue.

The global box office reached more than 200 million US dollars in just one week, and the average daily box office in China on weekends was also close to 200 million.

Of course, there are many ways to win this box office, because there was news early on that "Fast & Furious 10" might be the final chapter of this series.

It turned out that the final chapter is actually divided into two parts, which means there is also Fast and Furious 11.

Not long ago, Vin Diesel broke another big news, that is, the final chapter is not two parts, but three parts.
In order to make money, they use one trick after another and never repeat themselves.

In this way, time quickly came to June.

Mengying Media's acquisition of 49% of Wanda Investment's shares has basically become a foregone conclusion. It is expected that the acquisition will be completed and announced in early July.

However, there is still no news about Wanda Commercial Management's listing.

"Mr. Li, I just got the news that Wanda received a notice from the Magic City Court, and its assets worth 1200 billion were frozen."

Liu Weijuan suddenly knocked on the door and reported.

"Hmm?" Li Mu stood up. "Who?"

"Vanke, they applied to the Hongkou Court for pre-litigation preservation of Wanda's assets, and Wanda Commercial Management's 19.8 billion shares were frozen."

"How cruel." Li Mu couldn't help but sigh. Stabbing Wanda with the knife at this time would be a fatal blow if it was not removed quickly.

After all, this month is Wanda’s last month. If the listing is not successful this month, the bet will definitely fail.

This incident happening at this time will undoubtedly make Wanda's situation worse.

"Just wait and see. Wang Jianlin will find a way to solve it."

Li Mu could do nothing to help, so they had to resolve this real estate dispute themselves.

Since mid-June, which happens to be the peak summer vacation period in the United States across the ocean, a large number of Hollywood blockbusters have flooded into the Chinese mainland market.

Open the ticket purchasing platform and you can see five Hollywood blockbusters, "The Flash", "Transformers 7", "Fast & Furious 10", "Elemental City" and "Spider-Man: Into the Spider-Verse", lined up one after another.

Of course, "Furious 10" has only been released for 31 days, so it cannot compare to these blockbusters that have just been released.

However, with so many Hollywood blockbusters here, it should have been a battle between the gods, with box office records breaking every day, but unexpectedly it turned into a fight between weaklings.

On June 6, the first day of The Flash's release, which happened to be a Friday, the total box office for that single day did not even break 16 million yuan. The film's first weekend box office also failed to break million yuan.

According to this trend, media professionals predict that the final box office of "The Flash" will be only over 200 million.

The latest masterpiece from Pixar Studios, which has created countless hit animations, "Elemental City," is predicted to have a box office of only 100 million yuan.

If the poor box office performance was due to bad word of mouth, the industry might be able to understand it.

What is strange is that "The Flash" has become the epitaph of DC. The reputation of this film can be said to have reached the ceiling of the DC universe in recent years. It plays with the multiverse to great effect, and several classic versions of Batman and Superman are brought together, which makes many die-hard fans cry. The reputation is very good.

This film is very friendly even to ordinary audiences who have never been involved in the DC universe, and it provides a very good viewing experience.

The same thing happened to Spider-Man: Into the Spider-Verse. It had good reviews, but the box office results were disappointing.

Even if there is a saying that "you can't go wrong if you watch any movie, that movie must be "Transformers"."

The box office of "Transformers 7" released this time is not particularly high, and the final comprehensive box office forecast is about 6 million.

Zeng Maojun and Li Mu also mentioned this matter when they were discussing the progress of Wanda Film’s share transfer, and they were quite puzzled.

Theoretically, this should allow theaters to make some money back, but unexpectedly, they had to spit out all the blood.

"Mr. Zeng, the market has changed. Audiences' viewing habits have long since changed. The magic weapons that worked in Hollywood in the past no longer work."

Li Mu couldn't help but chuckle when he heard this.

"Think about it, the rapid rise of streaming platforms in recent years is not only due to their own advantages. In the past, audiences liked to go to the cinema to watch movies in order to enjoy the ultimate audio-visual feast, but in recent years, without technological innovation, everyone can watch movies at home just as well.

The appearance of "2012" and "Avatar" was subversive. Since then, when people go to the cinema to watch movies, they default to 3D movies.

13 years have passed, and Avatar 2 is coming, but it doesn’t bring any technological innovation, at best it just switches to a bigger IMAX.”

The problem now is that there is no technical breakthrough, and it is far from being as shocking as 3D was back then.
With the current family conditions of ordinary viewers, it is very comfortable to spend a few hundred yuan to buy a projector online and watch movies at home. In addition, many people have memberships of domestic video platforms, so new movies can be watched within a few months.
"Mr. Li, doesn't this mean that our industry is in crisis?"

Zeng Maojun quickly extracted information from Li Mu's words.

"There will be crises, but crises are crises, and there are opportunities in crises. In the end, movies should focus on telling a good story. If the story is good, the audience will buy it."

Li Mu is very clear that movies will gradually return to the ranks of high-quality content production, otherwise the audience will not buy it. This is a "force" from the bottom up.

If you don't change, the audience will change you, just like the Hollywood blockbusters nowadays, the story routines are repeated over and over again, and people are tired of them.

"That's right, this is the strength of Mengying Media." Zeng Maojun nodded slightly, then couldn't help but complimented with a smile.

"By the way, Mr. Zeng, has the Vanke issue been resolved? I'm just asking, out of curiosity."

Li Mu asked in passing.

“It’s nothing. A message was sent right away and the matter was resolved. Director Wang found Professor Liu, the dean of the Institute of Finance at China University of Political Science and Law, to mediate.

But speaking of it, this is Vanke."

Zeng Maojun got angry when talking about Vanke and started to complain to Li Mu, "Mr. Li, I suggest you don't buy Vanke's house in the future."

Li Mu listened silently and couldn't help laughing. Sometimes "love" and "hate" are just a matter of one thought.

When Vanke and Wanda first started to cooperate, they called each other "Sweetheart", and now they are also Mrs. Niu.

As July begins, Wanda and Mengying Media are still planning the announcement time. The acquisition has been completed and the money has been paid.

At this time, the promotion of "7 Miles in Chang'an" is getting hotter, because the premiere is on July 5.
(End of this chapter)