China Entertainment started from Nortel 2002

Chapter 1076 Equity Transfer
"I understand, Director Li, what you are saying is that Kyrgyzstan didn't come to make trouble, and Chang'an and Luoyang are only a few hundred miles apart. What are you guys talking about?"

"Hahaha, let me tell you something even more unpleasant. I hope you don't mind. Without Chang'an, how can there be Luoyang?"

"Director Li has a big vision. With this refining, the whole scale of the movie has been improved. I don't know what to worry about. The original title of the movie is "Three Thousand Miles", which represents the whole of China. It is not normal to choose an ancient capital of 13 dynasties, the capital of the Tang Dynasty, as a representative!"

"."

Netizens took Li Mu’s Weibo post as a weapon and fought back.

At this time, Xi'an's official account silently forwarded the message without commenting, which immediately made the netizens who were watching the fun burst into laughter.

However, this is not without benefits for the movie. The box office has increased slightly in the past few days, and it seems that more people are paying attention to it.

However, just when Mengying Media was still enjoying its success, Wanda's days were becoming increasingly difficult, and the producer was in a situation where it was raining cats and dogs.

"All prices were lowered?" Li Mu asked as he and Ye Ning walked quickly towards Wanda headquarters, followed by Mengying Media's legal team.

"Well, Fitch and S&P have downgraded Wanda's rating a few days ago, and today it was Moody's, which downgraded it from "B1" to "Caa1"."

Li Mu was also speechless upon hearing this. This rating downgrade was too damaging for Wanda, because ratings meant the level of credit risk. It was obvious that these rating agencies believed that Wanda's operations had major problems and the risk of default had increased.

Moreover, Li Mu probably also got the news that Wanda could not be listed on the Hong Kong stock market, otherwise the bonds issued by Wanda would not have suddenly become substandard bonds.

"Gambling is a double-edged sword." Li Mu sighed.

At this time, Li Mu noticed that the expressions of the people coming in and out of Wanda headquarters were worse than when he and Ye Ning came, and were full of anxiety.

"Mr. Li, Mr. Ye, please come this way."

The staff member leading the way gestured with his hand and led everyone into a spacious meeting room, the same one they had held last time for negotiations.

This time I am here to sign the "Share Transfer Agreement".

The content of the agreement was naturally reviewed again by the legal department, while Li Mu and Ye Ning were chatting with Wang Jianlin and Zeng Maojun.

"Mr. Li, there is no problem with the agreement."

A legal officer whispered in Li Mu's ear.

"Okay, then Mr. Wang, let's sign." Li Mu gestured with his hand.

The two of them signed their names in their respective signature areas and then shook hands.

"It's a pleasure working with you!" Wang Jianlin said with a smile, but Li Mu could see from his eyes that he was reluctant to leave Wanda Films.

But Wanda has no choice now. Assets that are better than Wanda Films and some profitable Wanda shopping malls are now for sale.

"."

Time flies and it is the evening of July 7rd.

"A Long Journey into Chang'an" has already surpassed the 15 billion mark after 15 days of release, but its strong box office "sustainability", increasingly good reputation, and the continued fermentation of the movie-watching craze still make this movie's box office full of possibilities.

However, what made the industry and the public excited was the "Wanda Film Co., Ltd.'s indicative announcement on changes in the interests of indirect controlling shareholders" released by Wanda Film.

The announcement stated that on July 7, Wanda Film’s indirect controlling shareholder Wanda Culture signed a "Share Transfer Agreement" with Mengying Media Film and Television Production Co., Ltd., intending to transfer its 20% stake in Wanda Investment to Mengying Media for a transfer price of 49 billion yuan.

As soon as the news came out, it became really lively.

"Oh my god, what is Mengying Media doing? Are they really coming?"

"Buy Wanda, why? For the cinema chain?"

"Okay, okay, if we buy a little more, we will become a major shareholder. With Wanda Cinema Line, Mengying will become a giant in the film and television industry."

"."

The industry is actually the most concerned about Mengying Media's move. However, the matter is done, and many people in the industry are considering how to readjust their dealings with Mengying in the future.

After all, if Mengying Media, which has the industry's top content production capabilities, is combined with the industry's top cinema chain, it will basically be in an unsolvable position.

Almost everyone in the industry has to look to Mengying Media for advice.

You should know that Wanda was unhappy with Huayi back then and directly hindered Huayi’s movies in the theaters, which made Huayi very uncomfortable and suffered heavy losses.

You can imagine the power of this cinema.

"Congratulations, Director Li!" Wang Changtian was the first to call for congratulations.

Where there are some who are happy, there are others who are sad, and the light obviously belongs to the happy side.

After all, in terms of the depth of cooperation with Mengying Media, Guangxian can be said to be one of the best in the industry.

"What's the big deal? I'm just a shareholder. Besides, I don't believe that you, Mr. Wang, didn't know the news in advance?" Li Mu said with a faint smile.

"Knowing is knowing, but an announcement is an announcement. You also know that in our industry, there are always variables until the last minute."

Upon hearing this, Li Mu nodded slightly.

That's true, popping champagne at halftime is not advisable.

China Film, Huace Film & TV, Bona Film and others all called to congratulate, and even Tencent Film & TV was no exception.

Zhang Yi and Chen Kai sent messages to congratulate.

"Mengying really took him down. I heard Ye Ning has returned to Wanda Films to work."

On Huayi's side, Wang Zhonglei couldn't help but sigh.

"It's only a matter of time. If nothing unexpected happens, Mengying should get the remaining shares in the second half of the year." Wang Zhongjun sighed. If Huayi had money, he would also like to buy this cinema chain.

The humiliation I suffered at that time is still vivid in my mind.

"By the way, give them a call to congratulate them!"

"Got it." Wang Zhonglei looked at his phone, finally swiped it, found Li Mu's number and dialed it.

Wanda's issue has been half resolved. For the remaining half, Li Mu has to wait for Wang Jianlin's notification. He estimates that Wang Jianlin is still making his final efforts.

But Li Mu was not optimistic, after all, there was too much foreign debt.

After answering a phone call, I returned to the living room, where Liu Yifei and Shu Chang were having a heated discussion and pointing at the tablet.

The tablet was playing the most criticized TV series at the moment, "Human Fireworks".

"I can't tell. She doesn't look like you at all. I don't know where this rumor came from." Shu Chang complained, "She doesn't look like you at all. She looks like Liu Yifei. Damn."

"I'm really impressed by the screenwriter for this plot. The female lead and the male lead both have problematic values."

Shu Chang watched and shook his head.

"Then why are you still watching? Do you have nothing to do?" Li Mu sat down and said speechlessly.

"You don't understand. It's fun to be criticized. We can criticize together." Liu Yifei explained.

"."

Li Mu was stunned when he heard this.

Shu Chang nodded repeatedly, expressing his agreement with Liu Yifei's statement.
(End of this chapter)