Chapter 236 Changes Brought by Wang Hao
Chapter 236 Changes Brought by Wang Hao
The huge sales of "Descendants of the Dragon" can be said to have provided Galaxy Pictures with sufficient cash flow.
It was precisely because of this confidence that Wang Hao, the big boss of Galaxy Pictures, was able to set up a property company and acquire several houses in a community near the company's headquarters.
As for why Wang Hao set up a property management company and why he bought a house?
It’s not that Wang Hao wants to enter the real estate industry.
Although this industry will indeed be very profitable in the future, his focus is still on the film and television industry.
The main reason is that Galaxy Pictures already owns a lot of real estate, and he also wants to buy more properties while the housing prices in Beijing have not yet risen to such a terrifying level.
In this way, it becomes a natural thing to separate all these real estates and set up a property company to manage them uniformly.
Moreover, these houses, which are managed by Wang Hao's subordinate property management company, can be used to apply for mortgage business loans from banks, and can also be rented to his company's employees as low-rent apartments. This can be regarded as providing a kind of invisible benefit for his company's employees who are not based in other places.
Especially since he also has a Xingdou Culture Agency under his control, and he has quite a few contracted employees.
Being able to provide low-rent dormitories is an extremely attractive condition for Xingdou Culture among those who have moved to Beijing.
As an agency under Wang Hao and wholly owned by Xinghuo Capital, Xingdou Culture has a large number of contracted employees.
Different from the usual celebrity management companies in China, most of the people signed by Xingdou Culture are behind-the-scenes workers in the film and television industry such as photography, lighting, props, music, dubbing, makeup, etc., rather than film and television stars.
According to the report from Xingdou Culture's general manager Zhuang Xueping, the number of people who have signed up to Xingdou Culture has now exceeded 800.
Among them, there are more than 700 people working behind the scenes, and this number is still gradually increasing.
It can be said that almost all the behind-the-scenes workers in the film and television industry near Shangjing have been caught by Xingdou Culture.
The benefit of this is that, with the help of these signed behind-the-scenes personnel and the "project packaging" strategy imitated by CAA, Xingdou Culture is now deeply involved in 11 film and television production projects of varying sizes.
Moreover, thanks to Xingdou Culture, the salaries of the behind-the-scenes staff involved in these film and television projects have increased by about 15% to 20% compared to before signing the contract.
Don't underestimate this salary increase. For those behind the scenes, it means hundreds or even thousands of dollars more every month.
Moreover, before signing with Xingdou Culture, these behind-the-scenes workers might not receive full salary after a project was completed.
Many small film and television projects not only like to delay the final payment, but some assistant directors in charge of personnel also like to take some commissions from the wages of these behind-the-scenes staff.
Many of the people working behind the scenes who are doing it on their own dare not even speak out.
There is no way. After all, the film and television industry is so small, and many behind-the-scenes workers still have to rely on these people to introduce project work.
Now that Xingdou Culture, an agency specializing in signing behind-the-scenes staff, has stepped in, the situation of wage arrears has improved a lot.
In addition, Xingdou Culture will help these behind-the-scenes personnel purchase insurance and social security, and provide them with skill level assessment and skill training. These behind-the-scenes workers also highly recognize Xingdou Culture, and the entire company is thriving.
Even though some film and television companies have realized that the emergence of Star Culture seems to have an adverse impact on them, they are helpless in the face of hundreds of united practitioners behind the scenes.
Today, Xingdou Culture has even expanded its sphere of influence beyond Shangjing and established a branch in Hengdian.
I think the number of people signing up with the company will increase significantly in the next year. Wang Hao is very satisfied with the development of Sing Tao Culture.
In his opinion, if China's film and television industry wants to develop, in addition to promoting the industrialization, commercialization and blockbusterization of films, it is also important to pay attention to the people in the film and television industry.
Especially these behind-the-scenes workers, they are actually the cornerstone of the entire film and television industry.
Compared with the stars and directors standing on the stage, the pay of these behind-the-scenes workers is too low.
A movie costs hundreds of millions of dollars, and the actors' salaries can be tens of millions, or even hundreds of millions, but the salaries of the workers behind the scenes are only a few thousand, and occasionally over ten thousand. This in itself is abnormal and unhealthy.
It’s just that this has always been the case in the industry, so everyone is used to it, and even gets used to it and regards it as an unspoken rule.
Only Wang Hao tried to make changes.
Of course, with his current abilities, he is still unable to reverse the status quo of the entire Chinese entertainment and film and television industry, but his company, Xingdou Culture, has brought a little new change to the entire film and television industry.
How long will this change last? And how big will the impact be?
Wang Hao wasn’t sure about it either, but he was still moving forward, wasn’t he?
Besides, this is not a losing business for him.
Although signing hundreds or even thousands of behind-the-scenes staff seems to have placed a huge burden on Xingdou Culture, having a large number of people itself has another invisible benefit.
Why do local physical enterprises have greater influence than Internet or film and television companies when the financial resources are the same?
Why are the top internet celebrities in the live streaming industry and some big stars banned by the authorities?
It’s because although those internet celebrities and stars earn a lot of money, their companies cannot create many jobs.
Without jobs, there will be no value in united front work, and people will naturally have no scruples when they come to deal with you.
What's more, Xingdou Culture itself has not made any losses. After more than a year of operation, Xingdou Culture has now achieved a balance between income and expenditure, and even has a slight surplus.
The reason for this is not how much Xingdou Culture can earn from the 10% contract share, but mainly because of the training and learning of these contracted personnel, which has brought back a lot of money for Xingdou Culture.
At Xingdou Culture, behind-the-scenes practitioners are divided into different levels according to their technical level, qualifications, and assessment results, which affects their salary levels.
If they want to improve their technical level, in addition to self-study, training courses naturally become one of their options.
For this purpose, Xingdou Culture has specially reached a cooperation with Wang Hao’s alma mater, Shanghai Film Academy, and used the school’s resources to open different vocational skills training classes.
These training courses all charge money.
This year, the training fees collected alone have offset more than half of Xingdou Culture’s expenses.
In addition, although Xingdou Culture offers good benefits, it does not need to arrange full-time agents and assistants for the contracted behind-the-scenes staff like it does for the contracted artists.
With such low expenses and additional profitable projects, the development of the entire brokerage company is still very healthy.
(End of this chapter)