The entertainment empire began with Liu Yifei's premarital pregnancy.

March 1st was the first time Lin Bufan had checked in for the month since the system upgrade, and he wondered what the reward would be.

[Ding! Congratulations, host! Monthly check-in successful. You have received the following rewards: 1000 million US dollars, 1000 points, and a Kodak Theatre.]

"Kodak Theatre?"

Upon hearing this name, Lin Bufan's heart suddenly skipped a beat. 'Could it be...?'

Just then, a stack of documents appeared in front of Lin Bufan, which was about the Kodak Theater.

When Lin Bufan opened the information and took a look, it proved that the Kodak Theater was exactly what he had in mind.

Located in Hollywood, it's the theater that hosts the Academy Awards ceremony.

"this……"

The Kodak Theatre has thousands of seats and is never empty except for the Oscars ceremony.

The open days can sell tickets or be rented out to venues for music ceremonies, symphonies, classical music, and more, all of which will be held in this theater.

Don't assume that just because this theater is called the Kodak Theater, this property belongs to Kodak.

In reality, Kodak paid millions of dollars for the naming rights, but after Kodak went bankrupt, the naming rights were auctioned off to Dolby Laboratories for a high price.

And now, this property belongs to Lin Bufan.

"Tian'ai, come in here!"

Lin Bufan pressed a button on the communicator on the table.

"Okay, boss!"

Two minutes later, Zhang Tianai knocked on the door and came in.

"Notify the real estate department to send someone to Los Angeles to take over the Kodak Theatre."

Since the system upgrade, Lin Bufan has established a real estate company called Kyoto Real Estate, which specializes in second-hand housing transactions and rentals, including Lin Bufan's vacant properties.

It's already 08, and the next decade or so will be a period of rapid development for the real estate industry.

He's not a professional in the real estate industry, especially when it comes to building construction, and he doesn't have that many connections nationwide.

Most importantly, while the real estate industry is lucrative, it is not Lin Bufan's main business, and the reputation of the real estate industry will not be very good for the next ten years or so.

Moreover, it's too much of a financial burden. Lin Bufan's current cash reserves are not abundant, and the Kyoto cinema chain is still developing, which is the biggest drain on Lin Bufan's finances right now.

There are also two investment companies, Zhewei Capital in China and Strong Wind Investment on Wall Street, both of which require ample funds.

What is most important for an investment company?

That is a massive amount of funds.

If you don't have money, what will you invest in?

Where does the money come from?

It was all thanks to Lin Bufan's constant financial support that the two investment companies were able to operate.

Currently, both investment companies are investing in industries that require long-term investment, where significant profits are not expected in the short term.

Unless we sell those invested properties now, but that wouldn't make much money, it would be pointless.

Therefore, for Lin Bufan, the most important thing now is cash flow.

His current cash flow mainly relies on sign-in bonuses, and secondly on profits from filming movies. In total, his annual profit is approximately $10 billion.

Of the funds earned from checking in, 70% came from daily check-ins.

Compared to the huge expense of buying land and building, it's better to simply enter the second-hand housing market, even if you can't say how much money you can make.

However, firstly, his own property is managed by someone, and secondly, if he really makes a big splash in the second-hand housing market, he can go public.

"Yes, boss!"

After receiving the instructions, Zhang Tian'ai turned and left.

"There's only one way to get funding quickly, and that's to go public..." Lin Bufan's eyes gleamed.

He owns quite a few companies, but if we're talking about going public, he currently has the qualifications to do so.

That leaves only Beijing Film Studio and Beijing Express.

Kyokei is a subsidiary of Kyoto Animation Studios, responsible for film production.

Kyoto was established in 05, and it has been three years since then. If Kyoto were to go public and conduct an IPO, that would be possible.

However, Beijing Film Studio was only established in 06, and it has only been two years since then. To be listed, it needs to meet the requirement of three years, which is the minimum.

Normally, the three-year requirement is the simplest requirement for any company that wants to go public.

However, from Lin Bufan's perspective, it was somewhat difficult.

In a true sense, three years is actually thirty-six months.

For example, from August 2006 to January 2009, strictly speaking, it was three years, but it didn't reach the required thirty-six months.

Although Kyoto was founded in 2005, its subsidiaries were established in August 2006. It took almost half a year for the group's business to be completely split into various subsidiaries.

Therefore, if a subsidiary wants to go public through an IPO, it must first meet one requirement: a 09-month waiting period. It can only go public after August 8.

Unless they change their listing venue and choose to list in Hong Kong or Nasdaq instead of A-shares.

For Hong Kong stocks, the requirement is also three years in principle, but as long as the requirements of the Hong Kong Stock Exchange are met, the time limit is negligible.

However, Kyoto already has Kyoto Golden Harvest listed on the Hong Kong Stock Exchange, so it can be considered part of the Kyoto Group.

While Nasdaq has strict listing requirements, it does not impose significant time constraints.

Thinking of this, Lin Bufan took out a piece of paper and wrote down all the subsidiaries under Kyoto.

Jingxiu Culture Company, Jingxing Media Company, Jingle Culture Company, Jingyi Xingyao Company, Jingying Culture Company, and Jingshi Culture Company.

These subsidiaries all have different businesses.

Jingxiu Culture Company's main business is the development and production of variety shows. It would be quite difficult for this subsidiary to go public on its own.

Market expectations are not particularly positive.

"Reverse takeover!"

Lin Bufan marked Jingxiu Culture.

If this subsidiary wants to go public, there is only one way: through a backdoor listing.

Furthermore, the best time to do this is when the third season of "The Voice of China" premieres this year, which will definitely boost the stock price.

Jing Le Culture Company's main business is the production and distribution of records.

"Kyoto Music needs to go public as soon as possible, otherwise, once the record industry shrinks, its market value will definitely shrink if it wants to go public again!" Lin Bufan frowned slightly.

A special mark was drawn on the Kyoraku logo.

It's 08 now, and this is the last false boom for the record industry. They have to go public within six months, and the only way is through a backdoor listing.

Jingyi Xingyao Company mainly focuses on signed artists. It would be quite difficult for it to go public through an IPO. Going public through a backdoor listing is the best option.

Beijing TV and Beijing Film, one in the TV drama industry and the other in the film industry, are currently very promising in the market, and their performance has been consistently outstanding, so their IPOs are likely to be approved.

These two subsidiaries can wait until next year, that is, after August 2009, to conduct their IPO listing.

On the contrary, Lin Bufan's original plan was to list Jingxing Media on the A-share market, but now, Lin Bufan suddenly has a new idea.