Huayu started as a substitute director

Chapter 592 Yuan Meng Tiancheng
The news that Fang Hong and Liu Tianxian appeared on Time magazine will continue to be popular for some time.

After all, this has not happened for many years. It has been a long time since Chinese artists and directors have appeared on Time magazine.

This also indicates that Liu Tianxian's status in the entertainment industry will be infinitely elevated and her international status will be improved.

"International ambassador of the Chinese film industry!"--BBC!

"An elegant representative of the Chinese film industry"--The Hollywood Reporter.

"Fairies on China's screen!"--South China Morning Post.

This is the evaluation of Liu Tianxian by mainstream media at home and abroad. They say that she represents Chinese films and the image of the Chinese film industry. The evaluation is very high.

The magnitude of this honor is evident from this, and it has a greater influence than just winning an award.

It’s a masterpiece with a global box office of 7 billion, that’s not an exaggeration.

Even though "Nezha 2" only earned over billion yuan in box office in China, its influence in other global markets is not that great.

Although it is exaggerated, foreigners actually don’t quite understand it.

Of course, the box office is far behind that of other Chinese-language films.

Liu Tianxian was highly praised, and Fang Hong was no exception.

The Hollywood Reporter: "The Principal is a pioneer in Chinese science fiction films, and Gravity shows the potential of China's film industry."

Variety reported: "The principal is the new hope of China's film industry!"

The Guardian reported: "A bridge between Eastern and Western cultures!"

Many film festivals and film events also invited Fang Hong to be a guest or a judge, but Fang Hong declined.

Fang Hong declined invitations from Beijing's tourism, radio, television, and university experts to attend a symposium.

It just asks you to analyze the success of your movie and your feelings during the filming. There's nothing much to discuss, it's just copied.

They are just taking off their pants to fart, they have nothing to do.

This time, the Beijing Film Festival planned to invite Liu Tianxian as its image ambassador, but Liu Tianxian declined because she had to film and had no time.

Later, Huang Xiaoming and Zhou Dongyu took over. I wonder how these two would feel if they knew that Liu Tianxian didn't want them.

I guess Huang Xiaoming knows about it, as he has a wide network of contacts, but so what? Just pretend he doesn’t know.

Liu Tianxian doesn't need it, but for Huang Xiaoming it is an opportunity to showcase his image, represent the capital, and let his superiors see his sincerity.

However, in order to invite Liu Tianxian, the Beijing Film Festival coined a new term, publicity ambassador.

It means that she doesn't need to be busy in person, just use her image to shoot a VCR to promote the Beijing Film Festival. There is nothing wrong with Liu Tianxian, she can be in the crew and shoot it.

So the official website of the Beijing Film Festival had a large portrait of "Liu Tianxian" on the front, with small vertical characters next to it:

Promotion Ambassador: Liu Tianxian!

This made a group of fans, even overseas fans, think that Liu Tianxian would appear at various press conferences and warm-up activities of the Beijing Film Festival.

Unexpectedly, this was not the case. Liu Tianxian did not show up at all. She only appeared on the day of the award ceremony.

After all, she was also nominated for Best Actress! She had a chance to win the Tiantan Award, and Fang Hong was also nominated for Best Director, but he didn't have time to go.

This award is just for distribution, one for each country, regardless of the quality of the film.

This year's Beijing Film Festival will open on the 16th and close on the 23rd. The award ceremony will be held after the closing, so it's still a long way to go.

He has been busy with the acquisition of Bona recently and has been with his mother-in-law, who registered Yuanmeng Tianchen Film and Television Culture Company in her own name.

The registered capital is 300 million, and Bona’s registered capital is only more than 10, which is enough.

Liu Tianxian invested 2.59 million US dollars into Yuanmeng Tianchen, specifically for the acquisition of Bona shares.

The calculation shows that 2.59 million is needed, that’s the number!

The money originally belonged to Fang Hong, but it was in Liu Tianxian's account. When Fang Hong whispered in Liu Tianxian's ear, Liu Tianxian agreed to the plan to acquire Bona, so naturally she was willing to pay the money.

Of course, how to inject capital is naturally handled by the finance department. Liu Xiaoli has her own finance department, and Fang Hong also has finance department.

So, with the introduction of Universal, Yuanmeng Tianchen acquired News Corporation's 1% stake in Bona at a premium of 19.3 million US dollars.

Bona’s current market value is approximately US$5 million, and 19.3% is close to 20%, or one-fifth, which is exactly worth this price.

This is the agreed price. They have held it for more than five years, so they must have made some profit, otherwise it would be too easy to talk to them.

News Corporation once invested 6 million dollars.

The acquisition agreement was of course signed by the two parties' legal teams. The parties involved did not show up, and they just had to sign the agreement.

Of course, this equity transfer must be notified to Fatty Yu. He has the necessary right to know, and it must also be announced.

"Yuan Meng Tiancheng bought 19.3% of Bona's shares from News Corporation!"

This is a financial news announced by the stock exchange and reported by international media such as Eastmoney.com, UK Finance, and the Sydney Morning Herald.

After all, it is a listed company, so information about such a big thing must be made public so that shareholders and investors can know.

I just don't know what this company called "Yuanmeng Tiancheng" is for? It seems to have appeared out of nowhere, and there is only one person named Liu Xiaoli.

However, this is not a matter of concern to the international media, they just routinely report on recent financial events.

This piece of information only took up a small amount of space and was not big news.

The international media didn't care much about it, but the domestic media were extremely concerned and reprinted the international media report one after another, and it was even the front-page headline, which shocked all parties.

The news was so sudden that it surprised Sequoia Capital, Matrix Partners and other investors. Before they knew it, Bona had lost one-fifth of its capital.

People in the film and television industry were shocked and some couldn't accept it. When they found out that it was Liu Xiaoli, Liu Tianxian's mother and the principal's mother-in-law, some people couldn't sit still.

They don’t know whether there is something fishy going on between Bona and Yutu, or whether Principal is making a malicious acquisition. If there is something fishy going on between the two and they are going to cooperate or join forces, it will have a huge impact on the industry.

This news made Huayi and Guangguang unable to sit still, and both told the media: "We will continue to pay attention to the development of the situation."

It’s not their fault for not paying attention. Just the Jade Rabbit is enough to make them feel uncomfortable. Bona is also a giant and is deeply tied to the Hong Kong film and television industry.

Tsui Hark, Dante Lam, Wong Jing, Andrew Lau, Derek Yee, Peter Chan and others all have deep cooperative relationships and agreements with this company.

Let me put it this way, for the films made by Hong Kong directors in the north, Bona alone holds half of the distribution rights and investment share, or even more than that.

Even Hong Kong actors such as Andy Lau, Aaron Kwok, Nick Cheung, Louis Koo, etc. have to rely on Bona and build good relationships with it.

Because this is a mainland company and a window to Hong Kong film and television.

If such a company is controlled by the principal, their living space will be further compressed.

Look for Yutu in the mainland and look for Bona in Hong Kong, so where should they go?

Don’t look at today’s Hong Kong films with a later perspective. Today’s Hong Kong films still have a large market.

In recent years, Bona has been building a nationwide distribution network, including cinema chains, theaters and online distribution channels.

Bona itself also has 30 cinemas with 250 screens, all located in first- and second-tier prosperous cities such as Beijing, Tianjin, Shanghai, Shenzhen and Guangzhou.

If such a giant company with a complete system and decades of operation really join hands to cooperate, it will undoubtedly be a shock to the film and television industry.

It's like the eldest and the third brother have made peace with each other, but the second brother is attacked from both sides.

What they didn't know was that Fatty Yu was also extremely anxious and called News Corporation CEO Murdoch overnight to inquire about the situation.

Murdoch didn't have any nonsense to say: "You are already privatizing, there is no point for me to hold on, if someone is willing to pay a high price, I will sell it."

The stock has not risen much in all these years, and I only made tens of millions of dollars, which is far below expectations. It is not as fast as making a movie. "Then you should have informed me in advance!" Fatty Yu seemed a little excited.

They didn't even tell him in advance, which caught him off guard. He was originally seeking funds to buy back the shares held by these international capitals.

I didn't expect this to happen suddenly.

"Does it matter whether I notify you or not? When Bona was broke, I gave you money to help you develop and tide you over the difficulties. Now that you are on the right track, shouldn't I be able to make some money and have some ability to act?"

Murdoch was very direct and didn't give any face at all!

This left Fatty Yu speechless for a moment. He didn't know what to say. This was too much of a bullying.

Anyway, I won't notify him. I have the final say on the shares I hold. I can sell them if I want. They are so unruly. Americans are really arrogant.

The negotiations between the two naturally ended in a bad mood. What difference would it make if the shares were sold? As for Fatty's feelings, no one cared.

Just like no one in the world's powerful countries cares about the feelings of the weak countries.

And News Corp has nothing to do with Boehner anymore.

Now Fatty Yu can only hope that other investors will stand by him and not sell their shares to the principal, who is already the second largest shareholder of Bona.

If the principal were to get the shares held by other investors, he would surpass him. With two of them selling, he would most likely be the largest shareholder, so he had to deal with it with caution.

Thinking of this, in order to prevent the principal from making a malicious takeover, he immediately called Alibaba's Fan Luyuan and Tencent's investment president Liu Zhiping.

I hope they can buy out the shares from other investors at a higher price to resist the principal's hostile takeover.

There is a case for this. Disney once helped Paramount resist a hostile takeover.

But it’s useless for Fatty Yu to look for Guangxian and Huayi, as these two companies do not have as strong capital as the principal, who has Chang'e Technology behind him.

Rumor has it that the Flower Planting Company also belongs to him, with support from many companies. The outside world has no idea how much money or capital the principal has.

It has not yet gone public and has not released financial reports, so who can know the capital strength of the principal? But he can come up with 100 million US dollars in one go, which is definitely not something that Guangxian and Huayi can stop.

So we can only seek help from Alibaba and Tencent.

Without further ado, both Alibaba and Tencent agreed to purchase Bona’s shares from other investors at a high price and to repurchase scattered shares on the market.

This is to prevent Principal from becoming even bigger. If Principal acquires Bona, it will definitely affect their plans to enter and integrate the entertainment industry.

From now on, the theaters will only show the principal's movies, and they can just watch. This is a blow to their major entertainment plans.

With the help of Alibaba and Tencent, Fatty Yu felt a little relieved. If he couldn't even resist these two companies, no one could help him.

In fact, according to his original plan, he wanted to slowly raise funds from domestic private equity, and then use his own efforts to earn money to repurchase shares in the U.S. stock market to slowly complete privatization.

This process will be long but steady, and no one will suddenly be able to own a large stake and threaten him.

Fatty Yu could have always controlled Bona, but plans could not keep up with changes. In the past few years, facing the impact of Yutu, the company has not made any money at all. This has also indirectly hit Bona's privatization process and weakened capital market expectations.

In fact, this person, like the principal, also has a strong desire for control.

In the past, Bona was a subsidiary of Poly, and Fatty Yu was the general manager of Poly Bona. He was unwilling to be controlled by others, so he separated from Poly in 07 and successfully listed in the United States in 10.

So now Bona is an independent company and has nothing to do with Poly. Even if there is a relationship, it is a competitive relationship because Poly also has a cinema chain.

Just when Fatty was feeling lucky that Alibaba and Tencent came to his aid, news after news reached him, causing him to collapse.

"Haina Fund sold its 9.9% stake in Bona to Yuanmeng Tiancheng for $ million!"

Including the previous shares from News Corporation, Yuan Mengtiancheng currently holds a 29.2% stake. This stake does not pose a threat to Fatty, but it makes him very nervous.

By the way, Huayi, Guangxian, Alibaba, and Tencent are also very nervous. The entire entertainment industry is watching this acquisition, which will bring a major change to the film and television industry.

Yuanmengtiancheng belongs to Liu Xiaoli, that is, Liu Tianxian. Maybe Liu Tianxian will be in charge of Bona in the future.

"Jingwei Venture Capital sold its 3900% stake in Bona to Yuanmeng Tiancheng for $7.7 million!"

Adding the previous ones, Yuan Mengtiancheng holds 36.9%, which is only about 1% away from surpassing the 37.1% held by Fatty Yu to become Bona's largest shareholder.

The principal acted so quickly, as if he had planned it for a long time. Neither Tencent nor Alibaba had time to react and were still discussing, but the principal had already completed the equity acquisition.

They were too late, not at all.

This is normal. Fang Hong started planning it the year before last and it took more than a year. How could it be prevented by their temporary decision?

He is not a speculator who wants to make a quick buck and run, but he wants to take down Bona.

Fatty Yu couldn't sit still anymore and immediately called the two investment presidents of Alibaba and Tencent.

"Don't worry. We have already communicated with Sequoia. We will not sell him 10.3%. You still have 37.1% in your hands. You still have absolute control. Now we just need to take the circulating shares. Later, we will help you re-evaluate your assets from 5 million US dollars to 10 billion US dollars, diluting half of the principal's shares."

This is what Fan Luyuan said, and he was very confident.

Asset reassessment means asset restructuring, turning 10 million into billion, isn’t that what the Belt Brother did?

This is a very simple thing for Alibaba and Tencent. As long as they are willing to pay more money, they can buy the stock that is originally priced at 5 yuan at 10 yuan and increase its price.

However, this requires auditing by professional auditors and must comply with international financial reporting standards. It is not something that can be restructured right now.

And since there is an extra 5 million US dollars, the tax must be recalculated based on the extra 5 million US dollars, and the financial report must be reissued.

Most companies don’t do this, after all, it’s all about money.

With Ali's reassurance, Fatty Yu breathed a sigh of relief, but another piece of news made him collapse.

"Yutu, American Flower Growers, and several other companies including the Cayman Islands and Bermuda Islands sold their 7% stake to Yuanmeng Tiancheng for $14.1 million."

"Yuan Meng Tiancheng holds 51% of Bona's shares and is in absolute control. Bona has changed hands!"

These two pieces of news were like thunder, exploding in the film and television circles and the capital circle, as if they were planned, leaving people no time to react.

It was too late for Alibaba, Tencent, and Fatty Yu to react in time. There was no time for anyone to react.

A few years ago, Fang Hong asked Meng Jun to continuously purchase Bona's scattered shares, and he continued to purchase them through multiple companies for several years.

Moreover, each company’s share of Bona’s circulating shares did not exceed 5%, which means that it did not need to be announced and was secretly acquired.

How could their impromptu decision withstand Fang Hong's years of planning? It was impossible.

Fatty Yu sat down on the chair!

In addition to Sequoia Capital's 10.3% stake, Bona now has 1.6% of shares in circulation, and no one knows who holds them. The remaining 37.1% is in his hands.

All these shares add up to only 49% of the shares, which is less than the 51% held by Yuan Mengtiancheng, which means that Yuan Mengtiancheng is the largest shareholder of Bona.

He has great power in company decision-making. If no action is taken, Bona will change hands.

Decades of hard work had now fallen into the hands of the principal, which made him disheartened.

Upon seeing this news, President Da Wang was the first to be unable to sit still and publicly condemned the media: "This is a hostile takeover, a step backward for Chinese film and television! Step backward!"

Wang Changtian also said: "The film and television industry will face more uncertainties in the future, and Chinese film and television will face greater difficulties."

Both of them said that the principal's behavior was hindering the development of Chinese film and television, and even causing Chinese film and television to regress.

It’s no wonder they reacted so strongly. This is an event that will change the Chinese film and television landscape for decades to come and will have far-reaching impact.

Even Mr. Wang cursed Fatty Yu in the office: "Idiot! People have been doing this right under his nose for so many years, and he didn't even know it!"

This incident has a huge impact on the film and television industry. The landscape will be completely changed. They are still seeking breakthroughs in the production end, while the principal has already taken over an established film and television company.

Should we ask them to buy films from the principal in the future?

He wants to control the upstream from the downstream, but the other party can control the downstream from the upstream!
(End of this chapter)