Chapter 289: Net worth million, year-end benefits

Chapter 289: Net worth million, year-end benefits

Chapter 289: Billions of Dollars, Year-end Benefits

It can be said that Wang Hao's new plan just solved Han Sanping's worries, relieved the worries of the leaders above, and conformed to the trend of the motherland and the times.

So after listening to his general introduction to the new project, Han Sanping said that China Film and Television Group will give the Galaxy Film and Television Group the greatest help in this matter.

If you need people, give them; if you need money, give them money.

Then he asked Wang Hao about the budget of the new film.

"About 2 million US dollars."

Wang Hao uttered a number lightly, which made Han Sanping's heartbeat slow down by half a beat.

"How many?"

"$2 million!"

Wang Hao repeated it, and seeing that the expression on Mr. Han's face was not as good as before, he said:

"Uncle Han, don't panic, 2 million is just my estimated maximum cost.

After all, it is a 3D science fiction special effects blockbuster. The production cost of "Avatar" is about this number.

We may have fewer special effects scenes than them, but in order to make the film a hit overseas, this movie will also adopt the co-production model like "Taken".

As for the male lead, my plan is to invite a top-tier Hollywood star with top box office appeal, such as Leonardo Dicaprio, Tom Cruise, Johnny Depp..."

Han Sanping had certainly heard of the names of these Hollywood superstars. If one of them really joined, a $2 million production might actually be able to recoup its costs.

But this presents another problem.

"Will the other party join in?"

Wang Hao was very confident about Mr. Han Sanye's answer to this question.

"First of all, we will not disappoint them in terms of price. According to the current value of Hollywood's top stars, our bottom line is a basic salary of US$2500 million, plus a 5% share of the global box office.

Then there is this script. The big Hollywood director Christopher Nolan took a fancy to the script of my new project and has been in contact with me since then.

I didn't reject him. My plan was to spread the news and create hype, and even reveal to the outside world that he would be the director of this project.

With Christopher Nolan's fame as an endorsement, if we invite these first-line stars to star in the film, they will surely not refuse immediately."

Han Sanping didn't expect Wang Hao to use this method, but after hearing what he said, it did seem very feasible.

And the key point is that Wang Hao was able to plan to this point, which shows that he had already made comprehensive considerations early on.

It was just the figure of 200 million US dollars, even though he knew that this was a big production comparable to Hollywood blockbusters, he still felt a little embarrassed.

Two hundred million US dollars, converted into Chinese currency, is more than ten billion, almost equivalent to the box office performance of "Avatar" in China.

This movie will definitely not be able to make back its investment relying solely on the Chinese market, and if the movie fails, then... He just said that he would fully support the other party, and he can't take back what he said.

Fortunately, Wang Hao also saw his dilemma and said sympathetically, "Uncle Han, I don't lack investment for this movie."

He counted on his fingers and started to calculate with the other party:

“The production cost is said to be 200 million US dollars, but first of all, my director’s fee, screenwriter’s fee, and the copyright fee of the film project, these are all transferred from one hand to the other, so I can ignore them for the time being.

Then there are the special effects and production costs. Do you remember our company’s [Galaxy Cinema] and Hollywood project introduction plan some time ago?
I also plan to make this new movie a benchmark project. The main part of the film will still be shot and produced in [Galaxy Film City] in China, and the production team will mostly consist of Chinese people.

For this, I have even used my connections with Sony Pictures to arrange in advance a group of technically proficient behind-the-scenes staff who are proficient in English, and will go to Hollywood to study for a period of time.

In addition, there is also post-production special effects work, which will also be mainly done by our Galaxy Group’s own special effects company.

By this calculation, most of the money from production still goes into our own pockets.

Therefore, the main expenses of this movie are still on actors, 3D production, and publicity and promotion.

If we only consider this, then $1 million is actually enough to get the project up and running.

Of course, to be on the safe side, $1.5 million would be best.

In this regard, Sony Pictures has reached a preliminary cooperation intention with us and can undertake part of the investment.

Then we at Galaxy Pictures can contribute 5000 million US dollars.

As for the remaining funds, I am considering…”

Wang Hao glanced at Han Sanping.

"We can set up a special film investment fund in China, and Huaying, Huayi, Moying, Wanda, and other companies with ideas can all get involved and share the risk.

In this regard, it is up to Uncle Han and you Huaying to take the lead and set an example."

Wang Hao's new film plan was well organized and very feasible. Han Sanping didn't find anything wrong with it, so he nodded and agreed.

Afterwards, the two chatted for a long time about various aspects of the new project. Although such a large project could not be finalized in their conversation, they reached a number of cooperation intentions, which also gave Han Sanping peace of mind.

After Wang Hao left the office, Han Sanping immediately reported the relevant information.

Of course, before Wang Hao left, he specifically told Han Sanping not to even tell anyone in the company about inviting a top Hollywood star.

He will contact those Hollywood stars privately about this matter, and will wait until the movie launch conference to make an official announcement, thus creating a hot topic, so Han Sanping has to help keep this matter a secret.

But even if there is no Hollywood A-list star, the fact that Wang Hao's new film will be a 3D science fiction blockbuster will be enough to allow the leaders above to have a peaceful new year.

As for Wang Hao himself, after comforting Han Sanping, he did not immediately start working on the new project.

On the one hand, Galaxy Pictures’ current focus is still on “Wolf Warrior”, and on the other hand, the Chinese New Year is approaching.

As the size of the Galaxy Group gradually expanded, just preparing for the Chinese New Year was enough to keep them busy for a long time.

Not to mention the annual meeting, just the distribution of benefits and bonuses to staff in each department at the end of the year, the selection of outstanding employees, and the year-end work summary report are enough to keep them busy for a long time.

2009 was a fruitful year for Galaxy Pictures.

During this year, the company mainly produced and released two films, namely "Raging Fire" and "Taken", with a total global box office of 25 billion Chinese yuan, bringing more than 2 million in revenue and profit to Galaxy Group.

Then there are some film and television drama projects that the company has participated in investing in. With the help of Xingdou Culture, the largest behind-the-scenes agent in China, and the killer weapon of "project packaging", Galaxy Group has participated in the production and investment of many film and television dramas. For example, "The Hidden", "My Captain, My Regiment", "My Brother is Shunliu", "Dwelling Narrowness" and so on, all have investments from Galaxy Pictures and have made small profits.

In addition, Xinghe Group's brokerage business company, Xingdou Culture, has monopolized almost half of China's behind-the-scenes personnel. The number of signed contracts has approached saturation, and the expenses have become fixed, but the income is increasing day by day.

Apart from the small profit from contract signing commission, the bulk of Xingdou Culture's profits come from the professional skill level assessment and certification held every year after the monopoly, as well as the professional skills training for those behind-the-scenes workers.

In this regard, with the support of Beijing Film Academy, the professional skill level assessed by Xingdou Culture is still of high value.

Anything that can be found on their "Good Production Network" will be recognized by other film and television companies.

This is the first time that Xingdou Culture has achieved profitability, no longer just balancing its income and expenditure.

In addition to the agency company of Galaxy Group, Wang Hao's copyright company also made a small profit this year.

In the past, many of the book film and television adaptation rights he purchased have been favored by other film and television companies.

For example, companies have contacted them for films like "The Disguiser", "Dwelling Narrowness", "Fall in Love with You", "Startling by Each Step", etc., either wanting to spend money to buy them or wanting to cooperate with them in development.

In this regard, the Galaxy Group did not seem to be too embarrassed and took all the benefits.

It is impossible for those companies to purchase the copyright.

But if we want to cooperate, it's not impossible to talk.

Anyway, we only need to use the behind-the-scenes staff signed by their agency, and everything can be discussed.

As a result, in the entire Galaxy Group, only the special effects company not only did not make a profit, but also continued to lose money for another year.

However, Wang Hao and the group's top management did not expect Starlight Fantasy Company to make a profit.

It's just like those high-tech companies don't expect their R&D departments to make a profit.

Starry Fantasy is the foundation for Galaxy Group to develop the film industrialization. In the past year, the high-end equipment and technical patents purchased by the company and the training of personnel are all necessary actions for Galaxy Group to lay a solid foundation.

Without these technical reserves as support, Wang Hao and his team would not have been able to independently shoot a special effects blockbuster like "Wolf Warrior".

In the future 3D movies, Starlight Fantasy will surely be able to make a contribution.

Therefore, even if the Starlight Fantasy Company does not make a profit, the benefits and rewards given to them by the group will not be reduced.

To sum up all the factors, the entire Galaxy Group's revenue in 2009 was 11.3 billion yuan, a year-on-year increase of 57.3%; the total profit was 2.2 million yuan, a year-on-year increase of 41%; and the net profit was 5 million yuan, a year-on-year increase of 1.6%.

Compared with Huayi, this financial data is far higher, almost twice that of the other party. If it is listed, it will definitely attract the favor of those capitals.

Moreover, this annual financial report has not yet calculated the increase in the value of Star Map Culture’s copyrights, nor has it included the asset value of the newly built Galaxy Movie City last year.

Not to mention the investment company under Wang Hao's personal name, which also holds shares in DJI, OPPO, Huayi, as well as bargaining chips worth more than 200 million US dollars on the other side of the ocean.

In total, in just four or five years, Wang Hao's personal wealth has expanded from an ordinary amount at the beginning, which required him to use the money from the movie channel to make movies, to the current scale of nearly 10 billion.

This speed of starting up can perhaps only be compared with some Internet giants who have caught the trend.

According to the 2009 Forbes Rich List, Wang Hao's current net worth would already rank among the top 50.

Of course, this ranking is just for reference. There are still many hidden rich people in China. Compared with those rich people on the ranking, Wang Hao’s biggest advantage is that he is still very young, not even thirty years old. As a first-generation rich man, it is not an exaggeration to call him a young hero and a rare talent.

However, in China, it has always been a golden rule to not show off one's wealth and to develop in a low-key manner.

On this point, Wang Hao agrees with what Ma Ali said. In China, rich people should be "negative" people in a sense. This "negative" means responsible.

Rich people have to bear more responsibilities.

So Wang Hao was very generous with this year's year-end bonus. He directly allocated 10% of the company's profits this year as bonuses for the company's employees.

2.2% of 10 million is more than 2000 million. If we deduct the contracted personnel from the agency, the Galaxy Group now has about 5 to 6 formal employees, which means each person can get more than 4.

Don’t think that this bonus is too little. The salary level of the Galaxy Group itself is slightly higher than that of other film and television companies in Beijing. Now, with the year-end bonus and various benefits such as meal allowances and transportation subsidies, the annual salary of grassroots employees exceeds 10.

This amount is more than twice the average annual salary of employees in Shangjing City. That is because smart phones and social networking platforms are not popular nowadays. Otherwise, if people from other companies knew about it, they would be envious to death.

With generous salaries, the employees are naturally happy. When the employees are happy, the annual meeting of Galaxy Group is lively and lively, with laughter and everyone smiling.

As a young man, although Wang Hao is the chairman, he can also integrate into the masses, get along with everyone and treat them as brothers.

Similarly, at the annual meeting, he personally performed on stage and sang a song "Tomorrow Will Be Better".

It’s a pity that Wang Hao’s singing talent is not even one tenth of his directing talent. This song is on the verge of being out of tune from time to time, and it is really not easy to sing it smoothly.

But since it was an annual meeting, it didn’t really matter whether one sang well or not. After the song, Wang Hao received applause from everyone.

In the subsequent lucky draw session, everyone gained something. Among the prizes prepared by Wang Hao for them, not to mention the mobile phones and tablets provided by OPPO, the opportunity to travel abroad with outstanding employees after the Chinese New Year was also very precious.

Of course, the most valuable special prize will be the right to use a house in the employee community that will be built next to the company's headquarters building next year.

Yes, only the right to use.

After all, last year, in 2009, housing prices in Beijing had already risen, and rooms near the Fifth Ring Road cost more than yuan per square meter.

Although the housing prices in TZ area are slightly lower, they are still limited.

The medium-sized house in the Xinghe community is worth at least one or two million yuan, so it is impossible to give it away directly. If the award-winning employee gets the house and then resigns and sells it, the company will become a joke.

Therefore, the restriction condition of this special prize is that after the winning employee obtains the house, he or she only has the right to use the house, and can obtain the property rights of the house only after working at Galaxy Pictures for 15 years.

Even with this restriction, the employees attending the annual meeting thought this special prize was enough to drive them crazy.

After all, who among those who come to Beijing to work hard doesn’t want to settle down here?

Finally, under the watchful eyes of everyone, the special prize went to a special effects engineer who had been working at the special effects company Xingguang Huancai for only half a year.

When this young man, who had just graduated, came on stage and received the big winning medal with the area of ​​the house marked on it from Wang Hao, he was so excited that he seemed to cry.

Everyone looked at this lucky guy, and although their eyes were full of envy, they were not jealous.

Because they believe that with the speed of Galaxy Group's development and the generosity of their boss, in the future, they will eventually own a house of their own in Beijing through their own efforts.

(End of this chapter)