Support Chinese-language films, return ten times the losses
19. System settlement!
On July 18th, "Storm Riders" will be released.
With a box office of over 460 million yuan on its opening day, the powerful martial arts special effects were refreshing and sparked a frenzy.
Theaters immediately increased the number of screenings.
Both "True Hero" and "Dragon in the Jianghu" had their screenings squeezed.
As for "Bishonen", it didn't get many screenings to begin with.
Yang Fan even tried to get a midnight showing.
It's said that quite a few people watched it.
Tang Jinshan really wanted to criticize these people with improper thoughts.
Don't be fooled. The movie is rated as a Category II film. How much taboo content could it possibly contain?
You'd be better off spending that money on a three-part movie.
Tang Jinshan also began to sell the distribution rights and DVD rights of "True Hero" in other regions.
With box office results like these, no one else is interested anymore.
However, given the film's impressive cast, there are still places that would like to import it.
Andy Lau, in particular, has always had a strong box office appeal in Taiwan.
With these results, it's no wonder it won't fetch a high price.
In Taiwan, the highest offer the issuing company was only 400 million to buy out the rights.
Tang Jinshan raised the price to 600 million and then bundled the distribution rights for Japan, South Korea, and Southeast Asia together.
That way he won't have to sell them one by one.
On the mainland side, we didn't receive any quota at all.
Before the CEPA was introduced in 03, Hong Kong films were also classified as imported films.
"The Storm Riders" secured a release quota in mainland China.
Another channel is co-productions, and this model will become very popular in a few years.
The basic formula is to cast Hong Kong actors for the male lead and mainland Chinese actors for the female lead.
As the mainland film market continues to grow, many Hong Kong investors and filmmakers have also moved north.
As for DVDs, Tang Jinshan was equally too lazy to sell them to every single place.
They directly sold the copyrights for 400 million to a Hong Kong DVD company, and then let them resell the copyrights in other regions themselves.
The DVD business is tough these days, with rampant piracy everywhere.
The price won't be too high.
In August, "True Hero" finished its run in theaters.
The final total box office was 1670 million.
In Hong Kong, the revenue sharing between film producers and theaters is usually split 50/50.
After adding the distributor's cut, taxes, and other miscellaneous fees, the production company can get about 40% to 42%.
This model is much more favorable to production companies than that in mainland China and Hollywood.
The box office revenue share was approximately 670 million, and with other income, "True Hero" recouped its costs of 1670 million.
Compared to the cost of 3700 million, the net loss was 2030 million.
"System, proceed with the settlement now."
Tang Jinshan was just testing the waters, as the box office revenue share hadn't arrived yet.
Surprisingly, the system actually worked.
The film "True Hero" has finished its theatrical run and is currently calculating its revenue...
[Calculations complete. The total investment for "True Hero" was 3700 million, total revenue was 1683 million, and the net loss was 2017 million.]
Surprisingly, there are both whole and odd amounts.
Tang Jinshan noted that publicity and distribution expenses were also included in the costs.
However, this probably doesn't mean they can just throw money around like crazy.
Otherwise, it will definitely affect the judgment of the accuracy of the cost.
The system has already been patched.
[Currently verifying the accuracy of the cost figures...]
[The cost accuracy assessment is rated as Grade A, and a tenfold refund will be given.]
Tang Jinshan felt a surge of excitement.
I never expected to get a Grade A rating!
It seems that the system's evaluation criteria are relatively lenient and not too harsh.
Of course, another point is that Du Qifeng is used to being frugal and spends money wisely.
There was no cutting corners.
[This investment will yield a return of HKD 2.017 million. Please set the return arrival time.]
The system displayed another notification.
Tang Jinshan glanced at it and quickly understood.
The funds returned by the system need to be processed through artificial intelligence in a virtual account on the US stock market before they are returned to your account.
"one day!"
Tang Jinshan thought for a moment and then said.
One day later, there really was an extra 200 million in the account!
Moreover, unlike the initial funding provided by the system before, these returned funds are not limited to film investment.
Use it however you want!
We've struck it rich!
Tang Jinshan was incredibly excited at that moment, his heart pounding.
Turns out I'm a super-rich player!
The first attempt was successful, so the rest should be easy!
take off!
He simply pulled "Bishonen," which had been showing for more than half a month and had a dismal box office performance, from theaters.
Total box office: 572 million; revenue share: 230 million.
The distribution rights for Formosa were sold for 150 million, and that included bonus distribution rights for Japan, South Korea, and Southeast Asia.
The DVDs sold for 200 million, all bundled together.
This movie cost 2600 million, and the production quality is quite good. The DVD should sell well.
The total investment for "Bishonen" was 2600 million, with a total revenue of 594 million and a net loss of 2006 million.
[The cost accuracy assessment is Grade B, and a five-fold refund will be given.]
The difference is five times; the sense of disparity is extraordinary.
Compared to "True Hero," it's clear that the budget wasn't used effectively in some areas.
I wonder if it's related to the early removal from theaters?
Or did they sell the distribution rights and DVD rights for less than the advertised price?
There shouldn't be any major problems with the accounts; Li Jiaxin is in charge of that, and he also keeps a close eye on them.
Water that is too clear has no fish, and it's impossible to calculate every single detail.
Well, the return on investment is already quite high.
It's unrealistic to expect a tenfold return every time.
Tang Jinshan set a three-day return period.
Give the account some time to process.
In an instant, he had 300 million in his hands.
Tang Jinshan was immediately filled with ambition.
However, the quality of Hong Kong films is now uneven, and production has been severely reduced.
He has been keeping an eye on things for a while, but hasn't found any projects worth investing in.
Either the project is a scam, or the people involved are a scam.
A film can take several months to make, and he can't afford to waste time on unnecessary things.
After both films were pulled from theaters, Tang Jinshan was once again thrust into the spotlight.
Anyone with eyes can see that he's lost a fortune.
The two films together lost at least 30 to 40 million.
"Returning to Hong Kong after a disastrous failure: two films lose 40 million!"
"His ambitions were higher than the sky, but his fate was as fragile as paper."
"Has Tang Jinshan's two attempts to invest in film both ended in disastrous failures? Will he still invest in movies?"
Is Golden Dragon Film going out of business?
"Tang Jinshan boasted at the film's press conference that he could withstand failure? Can he withstand two failures?"
Both "A Hero Never Dies" and "Bishonen" are well-made films, so where exactly did they fall short?
"Bad money drives out good? Are audiences buying more tickets to Wang Jing's scatological films?"
"The film industry is in decline; where is Hong Kong cinema headed?"
……
There are tons of related news articles.
Some people are laughing at Tang Jinshan, while others feel sorry for Hong Kong films.
Some people deliberately stir up trouble to attract attention.
The filming of "Young and Dangerous: The Prequel" wrapped up today.
The lineup is exceptionally strong.
Some time ago, in order to promote Nicholas Tse, Albert Yeung used his connections to find people like Raymond Chow, Wang Jing, and Wen Juan to help him as a producer.
Lau Chun-wai, the director of the Young and Dangerous series, will continue to direct.
The cast includes Nicholas Tse, Chan Kwan-sze, Ng Yan-tsu, Ng Chun-yu, Big B, Shu Chi, and many others.
Zeng Zhiwei, Chen Huimin, Ji Ge, Yuen Bun and others also made cameo appearances.
However, the disastrous failure of Tang Jinshan's two films left some people feeling quite disappointed.
"What utter nonsense! Why are you dragging me into this?"
Fatty Wang was also at the scene. When he saw what was written in the newspaper, his fat trembled with anger.
"Director Wang, calm down. They're just jealous that you're good at making money."
Wen Juan smiled.
He and Fatty Wang are old partners.
"What bullshit is this about being well-made? A flop is a flop, so many excuses."
Zeng the Dwarf also cursed.
He was happy to see Tang Jinshan losing so much money.
Make him stop investing in himself!
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