Quickly wear it and insist on being an old man forever

Chapter 293 The Entertainment Industry Boss Who Was Furious to Death (3)

Three days later, the related heat had basically disappeared.

Bai Sheng was also discharged from the hospital and returned home. Through the artificial intelligence taken out from his portable dimension, he successfully obtained all the real information and data of Peak Entertainment.

Then of course, I called all my children back:

"I already know the situation of the group. You two don't need to hide anything anymore. Tell me if you have any solutions. Don't think about only reporting good news to me and not bad news.

The key is that there is nothing good to report.”

Although the group's current situation is directly related to them, it cannot be said that they are incompetent.

I can only talk about the accidents that happened in recent years.

It made them completely confused.

The more you do, the more mistakes you make.

"Mom, I feel relieved today. I've been under so much pressure in recent years that I've lost almost all my hair. Even the hair transplant failed. I'm wearing a wig now. As for the solution, if there was a solution, I wouldn't have put it off until now. My initial idea was to make as many high-quality movies and TV series as possible to sell them.

As long as it can take half of the domestic box office.

Then getting a loan won't be a problem at all.

But you can see the result now. We sold a lot of assets and invested tens of billions. Not counting those that couldn’t be shown and those TV series that didn’t sell, we only earned more than 3 billion at the box office, and received less than 10 billion in profits. That’s less than the profits from the remaining theaters that play other people’s movies.”

Du Qiong had indeed been under a lot of pressure in recent years, but now that the true situation of the group had been completely exposed, he actually breathed a sigh of relief, while pulling off the wig on his head.

While saying helplessly...

To sum it up in two words: no solution.

His sister Du Yuan also shook her head helplessly:

"Mom, the days when you could make crazy money by relying on traffic are gone. The top streamers I have have collapsed in recent years, and their popularity has plummeted. The rest, even if they squeezed their bones and marrow and dug up their fans, it would be impossible to raise 50 billion. Let alone 50 billion, it would be difficult to raise 1 billion.

Or, as some people on the Internet say, let's try to sell off our assets and repay the loan in advance, at least we can pay back tens of billions less. I have no other choice."

“Alas, even selling all my belongings isn’t enough!
If the current market environment is still the same as it was five or six years ago, selling off all of the group's assets would indeed make it easier to pay off the loan, but now, I'm afraid it's basically impossible. At least there is a gap of several billion yuan, and it's even harder to say how much more. "

For Bai Sheng, who is very clear about the current situation of Peak Group, it is really difficult for her to be optimistic.

Over the years, the main core assets held by Peak Entertainment Group are actually some real estate and film and television copyrights. These two parts are the main things that can be sold now. There is really nothing else to sell.

You can't just sell off the artists and directors in one package.

The original company had already started hoarding copyrights when it was selling videotapes, and has continued to do so. Excluding pirated copies, and only counting legitimate and authorized copies, all other companies have more copyrights than they do, and many of them are their exclusive copyrights.

But unfortunately, the copyrights of most film and television dramas are not valuable.

It is purely to enrich the library of film and television dramas.

They won't fetch much money if sold in a package. If you sell the valuable ones now, the price will definitely be bargained down. Only some phenomenal works can be barely negotiated.

But how many phenomenal works can there be?
After all, these are TV series or movies that have been broadcast more than once, no matter how popular they were back then.

It is actually difficult to sell at a high price now.

Even if the price is not suppressed, all copyrights added together.

I estimate that at most it can only be sold for 5 billion.

As for real estate, it is even worse. If the housing prices were the same as five years ago, if all the properties were sold in a package, the loan could be easily paid off, and even a few billion might be left over.

Of course, this includes theaters.

But with the current housing prices, let's put it this way, if the remaining cinemas are put together, they can sell for 20 billion at most, and if the Peak Building is sold, it can probably sell for more than 2 billion. In addition, some of the company's dormitory buildings, several film and television bases built for filming movies and TV series, and many properties purchased by their family for investment, all of which were sold.

I estimate that we can still raise another 20 to 30 billion.

But the key point is that real estate is really hard to sell nowadays. School district housing is hard to sell, let alone ordinary residential areas. As for film and television bases, they are even harder to sell.

So for now, we can only say that, theoretically speaking, their family’s assets can barely cover the money they owe.

But in reality, those assets are not so easy to cash in.

If no one takes over, it cannot be turned into money and the debt cannot be repaid.

As Bai Sheng listed all the group's sellable assets and explained one by one the current conditions of those assets and whether they were easy to sell, Du Qiong and Du Yuan became more and more desperate. They really wanted to take a pill of regret!
“Wait, Mom, I think you missed a part.

In addition to those TV series and movies that have already been broadcast, the copyright library also contains more than one hundred TV series and movies that have not yet been broadcast. If all the copyrights of those TV series and movies can be sold, maybe it will be enough to pay off the debt. The total investment in those TV series and movies exceeds 10 billion yuan. I don’t ask for much profit, as long as I don’t lose money and get back more than 10 billion yuan.

Then we should be able to recover.”

After a long time, Du Qiong seemed to grasp the key point.

“If those dramas are really good sellers, will there be a backlog?”

Bai Sheng rolled his eyes. A few years ago, many video platforms and even TV stations began to produce their own dramas, which meant investing in their own platforms to broadcast them, eliminating the middlemen and making a profit. Although they did not stop purchasing TV dramas, they either had to think that the quality was particularly good or the price had to be low enough.

Otherwise, you can sign a profit-sharing contract or something like that.

Anyway, no streaming platform will spend huge amounts of money to invest or purchase those big-budget movies and TV series shot by so-called top stars like in the past.

There is not enough money, so everyone has to live frugally.

There can be no more waste as in the past.

The backlog of movies and TV series in their group either have failed to cast the main characters and need to be reshot, or at least the faces have to be replaced, or they initially attracted traffic but now the traffic is not as high as before and cannot support the box office.

To sum up, it is basically impossible to sell it at the original price, let alone at a premium. Only by selling it at a crushing price can others be willing to buy it.

The selling price was higher in the past few years, but her son was reluctant to sell it. Now the more it piles up, the lower the price can be.

After all, when the protagonists were popular in the past, people were willing to buy even if the quality was not very good. But now the protagonists are not popular, or even collapsed, so how can there be so many suckers? Besides, most of the dramas shot a few years ago are definitely more in line with the aesthetic tastes of the audience a few years ago, with a few possible exceptions. Nowadays, people are more tired of the old and love the new. Go watch the dramas that have been in backlog for several years.

You will only feel that you are lagging behind the times and cannot keep up with the aesthetic standards.

Some young people would feel embarrassed if they looked back at their circle of friends from a few years ago.

So what Bai Sheng said was not really a deliberate attack.

But tell the truth.

To be honest, her son had no way to refute and could only remain silent again. Bai Sheng sighed helplessly:
"Forget it. It seems that you two can't come up with any ideas. From now on, you will not have any decision-making power, only execution power. In other words, whatever tasks I assign to you, just do it. Don't ask why.

You, Du Qiong, quickly contact a professional firm to negotiate with the bank. You haven't heard of the saying that the one who owes money is the boss. Ask them to reduce the interest for us and be tough. 40 billion is the bottom line, it can't be more than 40 billion. If they don't agree, we will break up. I want to see how the bank takes away the things we mortgaged and successfully auctions off 40 billion.

Also, remember to ask for an extension of the loan term.

Don't be embarrassed and don't think that there is nothing you can't negotiate. Just talk with confidence. The entire market environment is not good right now, and banks are not much better either.

You are really stupid. You should have sent someone to negotiate with the bank two years ago. If you hadn't already paid back nearly 40 billion, it would have been easier to negotiate. It is easier to negotiate now when you don't owe much. Try your best to negotiate.

Next is you, Du Yuan.

Although the departments you are in charge of cannot be said to be breaking the law, they are definitely in a mess. I have already sent people to investigate and sort out all the problems. According to the requirements I set for you, you should quickly conduct a comprehensive investigation of the departments you manage and the agents, artists and other personnel under you.

Those who are sent in are sent in, and those who are expelled are expelled.

You just have to execute it!"

After saying that, the guy who had been standing next to Bai Sheng, who looked like a bodyguard but was actually a bionic robot, handed a hard drive to Du Yuan, and then handed another hard drive to Du Qiong. Du Qiong was a little confused. What was being given to him?

Can you figure out the bank's little secrets?
"What are you looking at? Do you think the departments you manage are clean? They invested over 10 billion yuan, and at least 200 to 300 million yuan was secretly divided up by others. There are a lot of parasites, so your first task is to confiscate their property.

This company has grown so big that it really is like a big family.

Just like the Jia family in Dream of the Red Chamber.

Who isn't greedy? Don't think I don't know what you two have done. You two are also greedy. If you two were not my own sons and daughters, for what you two have done, I would send you directly to jail for ten or twenty years.

When the time comes, you two should set an example.

Give me back everything you have greedily taken.

At the same time, I will send a private letter from the group to all senior and middle-level managers, asking them to report it voluntarily and return all ill-gotten gains. If the data is not much different from the data in the document I gave you, then forget it and let them go this time.

If the gap is big, or you think you are lucky enough not to report it.

Then we can only talk about the law.

By the way, you two should not have any fluke mentality. Even if you have to sell everything you have, you must return all the ill-gotten gains you got from the group. Otherwise, don’t blame me for making an example of you and sending you to jail as well.

Anyway, I have grandchildren, and grandchildren, so it won't affect me if both of you go in.

Don't be afraid of not having an heir!"

Let me put it this way, the situation within the Peak Entertainment Group is actually similar to that of the Jia family. Everyone from top to bottom is greedy, from the boss to the senior and middle levels, and even some low-level employees. As long as there is an opportunity to be greedy, they will basically be greedy.

There are few clean ones.

Even the original son and daughter were the same. They were just like Jia She and Wang Fu-ren of the Jia family. They tried their best to put money from the public treasury into their own private treasury. There was a lot of water in the various investment reports. In the past few years, the economy developed rapidly and they made a lot of money, so these problems were not exposed.

Now, it's obvious that he can't hold it anymore.

Isn't it the same with the Jia family? In the past, there were people everywhere who showed respect to them, and the total income was high. Even if everyone from top to bottom was greedy, it would not affect the overall prosperity. But once the income dropped sharply, all kinds of problems began to arise, especially the construction of the Grand View Garden, which emptied their family's pockets.

We also owe a lot of foreign debts of various kinds.

Converted into Peak Entertainment, it means buying a cinema chain!

It’s right, it’s right, it’s all right!

Therefore, before doing other things, Bai Sheng first needed to purge the entire group and clean up the house before inviting guests. If it weren't for the fact that the two biggest embezzlers were her own son and daughter, Bai Sheng would not be so polite and would have directly raided their property.

Of course, in reality there were three leaders who embezzled money, but wasn’t her husband Du Jingtian dead?
There is really no way to settle the account, so I can only forget it.

Moreover, he doesn't have any mistress or illegitimate children outside, so all the things he coveted are still in his own family and won't flow away.

But this does not mean that Bai Sheng will always condone it. What she said now is by no means alarmist or threatening. She is giving her son and daughter a last chance. If they still pretend to obey but actually disobey, and do not take her words seriously.

I'm sorry, but you'd better send it in.

The worst that could happen is that two bionic robots can be sent to take over the group and carry out their own instructions. As for the identities of the bionic robots, the information age also has its advantages. That is, as long as the technology is sufficient, top artificial intelligence can easily arrange identities for them.

Guaranteed authenticity, the kind that can be checked online.

"Mom, you checked us too?"

"That's not necessary. Summit Entertainment Group is our own company. It's not even listed on the stock market. All the shares are in the hands of our family. At most, a few executives have 3% of the dividend rights. There's no need to make such a fuss about our own internal affairs."

The brother and sister definitely knew what they had done, but they didn't think it was a big deal because the entire group belonged to their family.

If a child steals a dozen or twenty dollars from his parents, the parents will send the child to jail or give him a beating at most.

Get a few hundred million into your own pocket.

That's almost the same as stealing ten or twenty dollars.

"You can go back and take a closer look at the information in the hard drive. If you don't understand the law, you can also go and consult someone to see if you will go to jail if I really file a complaint. I'm not kidding you.

Okay, I'm tired, you guys go."

After explaining what he needed to explain, Bai Sheng started to chase them away, too lazy to pay any more attention to them.