Chinese Entertainment: Starting from 1996

Chapter 486 Impacting the Global Box Office Rankings

Because this was the last batch of companies to be listed on the GEM this year, there were quite a few of them, more than ten companies in total, and it took a lot of time to complete the whole set of procedures.

In addition to Light Media, there is another company related to the film and television industry that is listed this time, which is Star Cinemas owned by Qin Hong.

Qin Hong will spin off Star Media Cinemas, a cinema chain under Star Media Group, and list it separately. This will also be the first listed cinema chain company in China.

Wang Changtian and Qin Hong rang the bell with smiles on their faces. For anyone, the listing of the company they founded is something worth bragging about, and this moment is also their highlight moment.

It was 8:50 in the morning, with 10 minutes left before the market opened, and everyone on the scene was staring at the huge LCD monitor on the stage.

The most nervous are of course the shareholders of more than a dozen listed companies, who are waiting until 9 o'clock. That instant of fluctuation may determine hundreds of millions or even billions of capital.

The market officially opens at 9 o'clock.

The share price of Light Media jumped directly from the issue price of 52.5 to 71 yuan, exceeding the issue price at the opening, a surge of nearly %.

Although Star Cinemas is not a film and television production and distribution company, it has cinemas and physical assets, and its stock price has also been rising.

"Mr. Wang, Mr. Qin, congratulations on the successful listing and the huge increase in the stock price."

"Hahaha, I have to thank you, Mr. Liu. If you had made the domestic film and television market so big and our industry received more and more attention, Enlight Media's listing would not have been so smooth."

Wang Changtian's face was almost broken by a smile. At this important moment, he couldn't restrain himself even if he wanted to.

And he really thought so. As a member of the industry and the boss of a company in the industry, he knew clearly that Liu Zhou had made an indispensable contribution to the current popularity of the film and television industry.

Not to mention anything else, his identity as the richest man in mainland China alone has brought a lot of exposure to the film and television industry, and because of the success of Golden Harvest Group, it has also attracted a lot of capital attention.

Then the influence and box office success of several films in the industry were related to him, and he was even the leader. These are factors that make the film and television industry more and more popular.

Finally, the market value of Golden Harvest Group, which is worth tens of billions or even hundreds of billions, is more effective than any advertisement.

Therefore, the subsequent successful listing of Huace and Huayi was indeed due to Liu Zhou’s help. Now Huayi’s market value has reached more than 10 billion yuan.

The same is true for Light Media now. Although they are competitors, the thanks he just expressed are indeed sincere.

"Mr. Wang, you are too polite. The expansion of the film and television market is not my own achievement alone. It is the result of the joint efforts of all practitioners." Liu Zhou smiled and waved his hand.

A middle-aged man who looked somewhat similar to Qin Hong beside him laughed and said:

"Mr. Liu is really young and promising. The successful listing of our Star Cinema Line is also thanks to your great contribution to the entire industry."

"Mr. Qin, you are too polite. Xingmei Cinema Line has always been the largest cinema chain in China, and you were the leader in the media field back then. A successful listing is certain."

This middle-aged man who looks very similar to Qin Hong is none other than his brother Qin Hui. He is a truly amazing person, and most of the current foundation of Star Media Group was laid by him.

Qin Hui started from scratch and entered the media industry at the age of 33 and founded Star Media Group.

When he was less than 35 years old, through a series of investments and acquisitions, he had built a huge empire spanning the three major industries of communications, IT, and media, and was also one of the leaders in the mainland's cultural media industry at that time.

He also expanded his business overseas and acquired four Hong Kong listed companies. That was the heyday of Qin Hui's media career, and his media business had formed a huge scale spanning both at home and abroad.

However, growing the company to such a large size in just a few years was a step too far, and all of this laid the groundwork for its subsequent collapse.

At that time, Qin Hui's media group was large in scale but had a weak foundation, and it also encountered changes in policies from above.

In 2004, China Optoelectronics issued a document allowing overseas assets to participate in television program production, and the film and television production industry also became an open field.

Its industrial chain was abruptly broken at the link of resource scarcity. In addition, it was involved in the corruption case of Captain Jianhang that year. Under competition and pressure, it quickly lost its advantage, and Star Media began to fall apart.

You should know that in 03, Star Media's revenue reached more than 4 million, much higher than Huayi and Bona.

At that time, some companies under Star Media Group were split up, and some were acquired.

Not only were the overseas and Hong Kong companies sold, but most of the domestic IT businesses were also sold, and the telecommunications company Star Media was also not retained, and was later listed by Huanrui through a backdoor listing.

But even so, the remaining Star Media Group is still a domestic media giant.

Qin Hui initially made the Star Media Group very big, but its popularity was not very high. It was Heaven on Earth that really made him famous.

In 1995, when he was 27 years old, he bought an ordinary dance hall called "Heaven on Earth" and turned it into the best entertainment venue in Beijing, making people all over the country know him.

But later when Star Media Group encountered trouble in 2005, he sold Paradise on Earth.

Now he has let his younger brother Qin Hong take charge of the domestic Star Media Group, while he himself has devoted himself to the Hong Kong and overseas capital markets. He is already a shareholder of several listed companies.

Therefore, Liu Zhou admires Qin Hui very much. Even though he is no longer active in China, his connections in China are still very deep, otherwise he would not have been able to build such a big career.

An hour later, the share price of Light Media reached 90 yuan, and its market value was close to 10 billion yuan.

The listing of Light Media is undoubtedly a great success. According to the current trend, its market value will definitely exceed 10 billion by today's closing.

The listing of Huayi was not so successful this year. Huayi’s market value did not exceed 10 billion yuan until December, but now Guangxian has reached a market value of 10 billion yuan as soon as it went public.

Light Media does not have any celebrity shareholders like Golden Harvest and Huayi, nor does it give shares to screenwriters. They are trying to win over the hosts.

The original Space-Time Light Media went public, and their top hosts, the "Light Three Treasures" Liu Yan, Xie Chen, Da Zuo, and other hosts also received shares worth millions.

After all, Guangguang Media started out by producing TV programs, and they have cooperated with more than 100 TV stations in China, so for Guangguang, the host is the core asset.

Although it cannot be compared with the shares distributed by Golden Harvest and Huayi, it is already very good for these young hosts.

Now, Guangguang Media has expanded its business scope to film and television production, but TV programs are still their core business.

After all, the reason why Enlight Media has become a giant in the film and television industry is that they have strong publicity and promotion capabilities. Sometimes even Golden Harvest needs to cooperate with them. And Enlight Media's strong publicity and promotion capabilities rely on their nationwide TV programs and numerous entertainment magazines.

A large part of the reason why they can have such a high market value after listing is due to their core TV program production business.

At noon, Guangguang Media held a banquet, and some well-known local entrepreneurs were also present, including Pony Ma.

After the banquet, Xiao Ma Ge also invited him to his home.

As the Penguin Group began to enter the entertainment industry in a big way, the competition with the Golden Harvest Group increased, but this did not affect the relationship between the two at all.

Apart from making movies and making some company decisions, Liu Zhou does not usually take care of the specific affairs of Golden Harvest Group.

The same goes for Pony Ma. He certainly won't be concerned about everything in the entertainment business sector, as it is usually the senior executives below who are in charge.

Therefore, there will be no competition or friction between the two over the operation of the company.

When they arrived at Xiao Ma Ge's house, the two of them just caught up on the past and didn't talk about company matters. Now that the Penguin Group is getting bigger and bigger, Xiao Ma Ge hasn't been able to relax so comfortably for a long time.

After returning from Pengcheng, Liu Zhou continued to stay at home to rest. He was indeed a little tired from the crazy roadshows in the recent period, and he also wanted to spend some time with Zeng Li and the children.

Since the birth of my third child, I have not had much time to hold him because I have been very busy recently. Although he is only a few months old, children can actually recognize people.

At this time, "Interstellar" is still reaping the box office, probably because on the 17th and 18th, fans and moviegoers were too aggressive in trying to make the movie hit a 1 billion box office.

After officially breaking the 1 billion box office mark on the 18th, although the media reported it extensively, the box office was still a bit weak on the 19th, only earning 13 million.

However, after "Interstellar" appeared on "Focus" on November 19, the movie's box office increased on the 20th and 21st, earning 19 million and 21 million respectively.

The 22nd and 23rd were weekends, and "Interstellar" earned a total of 32 million in box office revenue in those two days.

The total box office revenue from the 1.38th to the rd was million. If the million from the th and th were added, "Interstellar" still grossed million in its fourth week of release in mainland China.

At this time, the total box office of "Interstellar" in the mainland has reached 10.86 billion.

In Hong Kong and Taiwan, after more than 20 days of screening, the film is almost coming to an end, with the daily box office already less than one million Hong Kong dollars.

At this point, the box office in Hong Kong has already exceeded 50 million, and it should be able to get another 3 to 4 million in the future.

With a box office of more than 50 million Hong Kong dollars, including Hollywood movies, "Interstellar" can be said to have won the Hong Kong movie box office champion this year.

At the same time, the movie also earned over 300 million yuan at the box office in Taiwan, because the screening period of movies in Taiwan is relatively long, and it is normal for art films to be screened for three or four months.

For example, Taiwan's classic literary film, "The Wrong Car", which was said to have been written by Huang Boming in just three days, was shown on Taiwan for eight months.

As a commercial film and a mainland film, "Interstellar" certainly cannot be shown for such a long time, but it should be no problem to show it for another two months.

Then it should be no problem to get another NT$50 or NT$60 million at the box office.

NT$350 million is equivalent to RMB 80 million, which can be said to be a very good result.

The potential of Taiwan's film market is indeed much greater than that of Hong Kong, even though the box office of most movies in Taiwan is similar to that in Hong Kong.

However, if it comes across a high-quality movie, although it can get a box office of 50 to 60 million Hong Kong dollars in Hong Kong, it is not difficult to get a box office of over 100 million RMB in Taiwan. Many Hollywood blockbusters have achieved this result.

At this time in North America, "Interstellar" is also entering its fourth week of release.

After all, this is still a Chinese-language film, and the box office inevitably declined, earning only 12 million in the fourth week.

"Interstellar" has already grossed 63 million U.S. dollars in North America, and there should be no problem in the final box office exceeding 80 million U.S. dollars.

In addition to China and North America, "Interstellar" has also entered its second week of screening in other overseas locations, and the film's screening areas have also covered South America.

This week, other overseas regions took in a total of $13 million in box office revenue, which is not much different from the previous week.

It can be predicted that in the next week, the box office of movies will experience a significant decline both in North America and other overseas regions.

In fact, this is normal. Liu Zhou originally thought that the box office of "Interstellar" would experience a cliff-like drop in the fourth week.

Although there is no Lunar New Year holiday in North America, there are still many movies released in November and December, including some blockbusters, such as this year's "Harry Potter 7".

There are also "The Chronicles of Narnia" and "Tron: Legacy" which were released two weeks ago. Their original time and space both earned over 100 million US dollars at the box office in North America.

Although there is now an additional movie "Interstellar", it does not have much impact on these two movies.

Next week, two popular movies will be released: the western adventure blockbuster "True Grit" and the family comedy series "Meet the Fockers 3".

No matter how good the special effects and word of mouth are, "Interstellar" is just a Chinese-language movie. It is far from enough to rely solely on the quality and word of mouth of the movie, and it is impossible to compete with Hollywood blockbusters at the box office.

Just like next year there is an Indian movie "3 Idiots" which will be released in China and it has very good reputation, but the box office is only over 10 million.

Even if someone around them praises this movie to the sky, Chinese people still subconsciously don't believe it. At most, they will watch it on the computer when they have time later, but they will never go to the cinema to watch it.

North American audiences are even more conservative. Not only do many viewers not believe in the movie and reputation of "Interstellar", they don't even think that a Chinese-language movie can be better than a Hollywood movie.

"Interstellar" was able to achieve this result thanks to the strenuous promotion and marketing efforts of Lionsgate and Summit Entertainment, as well as the fact that Liu Zhou is relatively well-known in North America, otherwise it would have been difficult.

At this time, the global box office of "Interstellar" has exceeded 200 million US dollars, half of which came from the mainland.

By the time the movie is released, it should have no problem breaking through $300 million at the box office. This result can also impact the top 20 of this year's global movie rankings.

(End of this chapter)