Chapter 429 New and Old Players in the Entertainment Industry

Chapter 429 New and Old Players in the Entertainment Industry

Chapter 429 New and Old Players in the Entertainment Industry

The Shangjing Municipal Government gave up Universal Studios and chose to cooperate with Galaxy Group instead, supporting the other party to build a theme park in the TZ area. Although it seems very bold and strange, it is actually reasonable if you think about it.

After all, Shangjing is the political, cultural, and economic center of China, and the core location of a country. For such a place, it would of course be best if China had its own theme cultural park.

This is not an economic account, but a political account!
Previously, the country had no cards to play. Although it built a Shangjing Happy Valley, it was more of an amusement park and did not have much cultural attributes. As for other cultural industries, they were still in a weak stage and could not support such a large business, so the local government had to contact Universal Studios.

However, today, Galaxy Group's [Galaxy Cinematic Universe] has become a globally renowned cultural IP. It also has both Chinese and science fiction attributes, and its overall image is positive and active.

With multiple options available, the country is certainly willing to strongly support its own children and turn them into a modern cultural business card of Shangjing City.

Regarding this point, at the press conference, the leaders of the Shangjing Municipal Government also made a guarantee in front of the media, stating that the municipal government will make various resource and policy inclinations towards [Galaxy Park], and provide the greatest help for the construction of the park in terms of land, transportation, water and electricity, and overall planning.

Afterwards, several other participants in [Galaxy Park] also made various promises, showing a momentum of adding fuel to the fire.

Wanda Group is mainly responsible for solving the early funding and construction problems of the project. After all, they are a real estate company and have experience in this area.

Moreover, the overall real estate market is on a downward trend this year, so Wanda is very eager to have such a large project, and is the most proactive one.

As for OCT Group, this large state-owned enterprise was established in 1985 and is under the management of the State-owned Assets Supervision and Administration Commission. Its main business is cultural tourism and scenic area management. It operates many theme parks, amusement parks and characteristic towns. It is known as the "aircraft carrier of China's cultural tourism industry". The more well-known ones include Happy Valley theme park chain, Window of the World, and OCT East.

The Galaxy Group had never been involved in theme park projects before, but it also knew that the most important thing in this regard was the issue of "safety". With the large-scale amusement facilities in the park and the large number of people guiding and managing the park, any slight problem could easily lead to a major incident.

Therefore, the safest way is to introduce a professional company like OCT Group, which will undoubtedly reduce many problems in facilities, equipment and personnel management.

Moreover, there is a Happy Valley in Shangjing, which is also a large amusement park. It is located not far from the Galaxy Park project. The two will form a certain competitive relationship.

If Universal Studios is still built here, there will be competition, but the Shangjing Municipal Government will not consider this issue, nor will it spend energy and connections to find OCT Group to coordinate.

But now that it has changed to the Galaxy Group, the situation is different. Both sides are family members. If they compete with each other, it would be bad if both sides suffer losses in the end.

Therefore, the Shangjing Municipal Government contacted higher-level leaders and asked them to pass the message to the OCT Group to coordinate and see if there is any solution.

The leaders of OCT Group were also interested when they heard about this, and finally the parties reached a consensus after several rounds of negotiations.

The Happy Valley of OCT Group located in Shangjing will be closed and relocated after Galaxy Park is officially completed and put into operation to avoid competition with Galaxy Park. However, Galaxy Park will also be responsible for accepting some employees of Happy Valley of Shangjing to avoid any problems.

In addition, OCT Group plans to invest in the Galaxy Park project and the parties will set up a park management company. After Galaxy Park opens and operates stably, Galaxy Group will also have to license its IP to Happy Valley of OCT Group.

Of course, Happy Valley has to pay for this authorization, and it can be considered a win-win situation.

Happy Valley lacks IP brand and cultural content elements, but Galaxy Group only needs one or two large-scale theme parks under its control in key cities in China.

This kind of asset-heavy physical industry, with too much investment and too much expansion, is not a good thing for the Galaxy Group. Even for Disney and Universal, most of these theme park projects are not profitable, and many of them suffer losses.

By licensing it to Happy Valley and allowing them to add Galaxy Group's IP culture to the existing theme park project, they would not have to invest a lot of money in land and equipment, but would also be able to expand the influence of their own IP and collect a licensing fee, which would undoubtedly be much more cost-effective.

With the participation of Wanda Group and OCT Group, the construction problems of Galaxy Park can naturally be easily solved. As for the joining of Sony Pictures, it is also the result of many considerations.

First of all, Galaxy Group and Sony Pictures have maintained a long-term cooperation and the relationship between the two sides is good.

Of course, when it comes to business, a good relationship is unlikely to influence business behavior, but this at least establishes a relationship of trust.

[Galaxy Park] cannot be limited to China. Since China's entertainment and cultural industry implements an open policy, [Galaxy Park] must also go global.

Apart from anything else, with the participation of Sony Pictures, it will be much easier to build Galaxy Park in Japan.

Secondly, although the relationship between the Chinese and Japanese governments has been up and down, the official attitude has always been encouraging between the private sector and the government. After all, both belong to the East Asian cultural circle and have a natural foundation in this regard.

Finally, Sony Pictures itself has well-known IP content, and Galaxy Park can obtain authorization from it. In addition, Sony Pictures also has desirable features in film and television equipment and graphics processing technology. Galaxy Group happens to be planning to develop in this area, so winning over Sony Pictures is the result of careful consideration, and both parties hit it off.

The Galaxy Group’s New Year Cultural Festival lasted until 4: p.m., and there was a dinner after the ceremony.

However, the major entertainment news media participating in the press conference had no time to waste and almost immediately released the breaking news about Galaxy Group’s New Year’s press conference on their own platforms, with the focus being Galaxy Group’s theme park plan.

As for the film and television projects related to the Galaxy Cinematic Universe, Galaxy Group terminated its cooperative relationship with LeTV Group, and Galaxy Group expanded into the streaming media, gaming and Internet fields. Although these news are also very important, there are not many reports from all parties, and they are only mentioned in the news.

The general public, especially veteran fans of the Galaxy Cinematic Universe, who saw the news, immediately became excited and began to tell others.

Many of these fans were first introduced to the Galaxy Cinematic Universe when they watched "Buried" and "The Shallows" on the movie channel.

Afterwards, they watched the release of one film after another from the Galaxy Cinematic Universe, which achieved impressive box office results, and witnessed the gradual growth of the Galaxy Group and the expansion of this science fiction movie universe.

In their eyes, the works of the Galaxy Cinematic Universe are becoming more and more sophisticated, with more and more science fiction elements and more and more exciting stories. It feels like watching their own children grow up step by step.

Now that the Galaxy Cinematic Universe will have its own theme park, it feels like their child has finally made it, and of course they are very happy. Following these entertainment news, the Galaxy Group also quickly responded on its official website and issued an official announcement about the Galaxy Park project.

The announcement also released a preview of the effects of [Galaxy Park], which includes several major parks related to the [Galaxy Movie Universe] and a variety of amusement projects. Of course, the most eye-catching one is a huge trapezoidal silhouette located at the back of the park.

Everyone was guessing what this silhouette was, and some people left messages on the Galaxy Group's official website asking about it. However, the Galaxy Group did not respond, which led to countless fantasies among movie fans.

Some people think that it will be a huge spaceship filled with all kinds of epoch-making black technologies. After all, the "Galaxy Cinematic Universe" is labeled as science fiction.

Some people also speculated that it was some special creation of ancient civilization, because Galaxy Group is about to shoot and produce the four-part "Ghost Blows Out the Light" online drama, which is also included in the [Galaxy Cinematic Universe].

The novel "Ghost Blows Out the Light" is already very popular, and [Galaxy Paradise] must have related elements, maybe it is the Kunlun Palace or the Nine-story Demon Tower.

Some people also speculate that it is the "Red Coast" astronomical base in the novel "The Three-Body Problem: Past Events on Earth" related to the [Galaxy Cinematic Universe]. There will be a large space telescope inside, which can overlook the starry sky.

Anyway, there are many different opinions on the Internet, but everyone’s expectations for this [Galaxy Park] are obvious to all.

As China's economy is booming and national self-confidence is beginning to rise, they certainly hope that their own culture can also rise in the same way and be compared with Hollywood. The Galaxy Group is undoubtedly pinned with this goal.

Throughout April, the Internet was filled with news about the Galaxy Group. Some of the news was officially released by the Galaxy Group, some was said to have been leaked by its internal staff, and some was speculated by insiders.

Anyway, no matter whether the news is true or false, everyone is paying close attention to it.

Movie fans are looking forward to better film and television works. Some senior fans have already drawn up a release schedule for Galaxy Group’s works and are waiting to watch them.

People in the industry are also collecting information about Galaxy Group’s film and television projects, and those working behind the scenes hope to join the crews of these projects to add luster to their qualifications.

At the same time, the points generated by those projects can also allow them to upgrade their professional level on the Good Production Network to a higher level. This is related to their many privileges on the Good Production Network and is also the basis for them to make a living in this industry.

As for the actors on stage, who doesn’t want to participate in Galaxy Group’s projects?

Unlike other film and television companies, the professionalism of Galaxy Group is unquestionable.

The movies and TV series it invests in and produces are reliable, first of all. Especially for some small supporting actors, Galaxy Group pays them promptly, unlike some crews that have to delay the payment of the final salary.

Moreover, those movies and TV series will not be blocked by censorship. Although not all of them are big sellers after being broadcast, they are all quite successful. They can be said to be good projects and good resources that are one in a hundred.

When participating in this kind of project, you don’t have to worry about your reputation being dragged down or your career development being affected by bad films or failure to be released.

In addition, the contract of Galaxy Group is very conscientious. Although the pay for shooting and production is much less than that of most film and television companies, the back-end income in the contract is a long-term and stable income, almost similar to pension insurance.

It is said that Qin Hao, who once participated in "Inception", can still enjoy the share of the back-end revenue generated by this movie in China. Although the share ratio is not as high as that of Hollywood stars like Leonardo, it is also a considerable figure.

Therefore, even for the supporting roles in those projects, there are many well-known or unknown actors eyeing them.

And because Galaxy Pictures attaches great importance to the actors' professional ability, that is, their performance level, when casting, the acting training classes and acting teachers at the two major film and television academies in Beijing all made a lot of money.

In addition to the front and back of the stage, colleagues of the Galaxy Group are also analyzing their film and television projects with a magnifying glass, trying to find the secret of the success of the Galaxy Group and Wang Hao from various information.

what?
You said that the success of Galaxy Group is due to their down-to-earth work, spending 8 or 9 years to calm down and build up their own film industrialization system bit by bit?
People don't like to hear such words.

Those small film and television companies have neither the capital nor the time to build their own film industrialization system.

They just want to take advantage of the entertainment and cultural boom brought about by the Galaxy Group, make some money, and then sell themselves at a good price.

As for those old-line entertainment giants that have the capital, capabilities, and time, this is not what they want to hear.

Big companies are responsible for their shareholders. If they spend time, money and energy to build a film industry system that may not see returns, and the market response is bad and the stock price falls, what will they do? Should those professional managers be held responsible?
And use the profits to do research and development? Develop technology? Cultivate talents?

What a joke, how can someone in the entertainment industry have such vision? With that money, it would be better to turn it into dividends and use it to enjoy life.

Buying villas, sports cars, yachts and airplanes are all small matters.

Spend three or four hundred million to buy Van Gogh's original "Poppies and Daisies" as a collection.

Bought Picasso's "Seated Woman with Bun" for 1.85 million.

Some people say that home is like a museum, so why not create a real private museum?

Spending 3000 million dollars to build a 300-acre horse farm, there must be dozens of purebred horses, each of which must be worth at least hundreds of thousands of dollars.

As for spending hundreds of thousands of dollars to transplant a century-old crape myrtle tree from the south and placing it in a greenhouse in one's own back garden, that is even less of a deal; this is how the rich in the entertainment industry behave.

(End of this chapter)