Chapter 761: Hong Kong Media's Shock

Chapter 761: Hong Kong Media's Shock

Chapter 761: Hong Kong Media's Shock

Yang Wendong continued, “Honor also promotes some home appliances. The requirements are simple. Just find some billboards. If there are good locations, buy them. If not, buy worse ones.
As for how many positions are needed and how to allocate them, you can consult with Wang Zhiqun."

He doesn't get involved in these small matters, but only when it comes to the overall advertising investment for the Olympics, because it only happens once every four years, and there won't be a chance next time.
Wu Weiwen replied: "Okay, Mr. Yang."

Yang Wendong added: "There is one more thing. During your time in Canada, please help me research some company information. The list is here. Please provide more details."

The information provided by the Canadian Imperial Bank was still not detailed enough, the time was too short, and in the long run, there was no need for him to let other companies know his plans;

It’s also because it’s different from the United States, where there are many teams, but there are almost none in Canada;

Now that the time is almost right, he is also planning to arrange a team in Canada to be stationed there permanently to help him collect information, develop relationships, etc., naturally, they are Wu Weiwen and his group.

"Okay, Mr. Yang." After taking a piece of information, Wu Weiwen opened it and took a look, then agreed.

Yang Wendong added: "I don't know a lot of things. You are also a top economics student who graduated from the University of Toronto. You have also been working in Hong Kong for many years. You should pay close attention to investment opportunities in Canada. If you think it is suitable, you can also report it to me.
In addition, if the scale of investment in Canada becomes larger in the future, I will also give you some extra funds, and you can make your own decisions and invest appropriately, just like Lin Youcheng in the United States. "

No matter how powerful the time traveler is, the investment opportunities he can know are limited, especially overseas. In the early years, he invested in projects in the United States following Buffett.
However, now that the scale of the enterprise is getting bigger and bigger, the effect of his prophet's golden finger is getting less and less. Then the entire enterprise should enter normal mode and rely on its own high-quality team to take charge, just like other enterprises.

Wu Weiwen was able to be transferred to Canada to be the business manager because he is very talented, and he also attended university in Canada and worked here for several years.

Wu Weiwen happily agreed: "No problem, Mr. Yang, I will definitely carefully screen investment opportunities."

Within the group, apart from the general affairs office, the boss's personal secretary, and the person in charge of a first-tier subsidiary, the most powerful position is the person in charge of an overseas country;

Among them, Lin Youcheng is the strongest, because he is responsible for the United States. The others, such as Britain, Germany, France, etc., are far behind;
Canada cannot compare with these countries, but for him, it will also be a major opportunity in his career.

These are the things I have to say about my visit to Canada. Although Canada is larger than the United States, its population is too small and its overall economic strength is far inferior. It can be said that it is the 51st state of the United States, which is almost the same.
He is not planning to invest in real estate here. He just wants to invest in some small but promising companies. As for those with real potential, if he cannot acquire them, there is no point in investing.
He can also participate in some resource-based enterprises or projects. Canada at this time still encourages mining investors to explore in northern California, and also supports foreign investment in agriculture.
But the former had no memory of the location of the Canadian mineral veins. Who would remember such things? The latter was even less suitable, because Canada was too cold in winter. Even if the land was developed, the yield was very low. The investment in keeping warm was not small, and the cost-effectiveness was far worse than Southeast Asia or South America after the economic collapse in the 80s.

The only industry that is still OK is forestry, that is, wood. However, Yang Wendong's industry basically does not involve wood, and the paper industry also purchases it directly. Although the manufacturing industry chain needs to be continuously developed to the front end, there is no need to do everything. Just like BYD in the previous life, no matter how independent the industry is, it will not raise cattle for the leather seats on the sofa.
The Canadian economy is not doing well nowadays. It is said that at the most exaggerated time, some stores even had women doing nude activities to attract customers and stimulate male consumers. Although it was quickly banned, it also became local news, which is enough to show that many people are having a hard time.
At this time, appropriate investment is also possible. In addition to Magna, he has also arranged people to investigate other aspects.

After spending a few more days in Canada, Yang Wendong flew back to Hong Kong on August 8;

Also coming to Hong Kong is the American movie "Jaws," which has a North American box office of $2.6 million. This figure is worth about HK$13 billion based on today's exchange rate between Hong Kong dollars and US dollars.
What does HK$13 billion mean in Hong Kong? The current market value of Hutchison Whampoa is only HK$12 billion. The total market value of Cheung Kong Holdings, which is praised by the media, is only HK$2.9 million. The total market value of the top ten Chinese companies listed in Hong Kong is only HK$15 billion.
A movie that made such a high profit in the United States alone, with overseas markets not even beginning, shocked Hong Kong and the entire Hong Kong entertainment industry with its huge money-making potential;
Of course, the performance of American films has little to do with Hong Kong, but because Oriental Daily recently took the initiative to reveal that the movie "Jaws" was actually a joint venture between Hong Kong Changxing Film Company and the American Paramount Company, and the bulk of the investment came from Hong Kong, this instantly became more explosive news than the rise of the stock market.

"Hong Kong films enter Hollywood and break global records in their first battle."

"Hong Kong films gain popularity in Hollywood, stunning the world in their first battle and breaking global box office records"

"The first film of Changxing Film Company made a huge profit of 13 billion, and its ability to attract money far exceeded that of Jardine Matheson and HSBC. "

This was a catchy headline for several newspapers, but just with this headline, the sales of these newspapers easily exceeded 3 per day;
Many people are confused about the relationship between box office and net profit, but this does not affect the media's deliberate lack of clarity, and people in the industry also know that Hollywood's strongest point is its peripheral products. Even if Changxing Film Company does not get 13 billion from the share of this movie, it is estimated that it will be about the same if you include the peripheral products in the future years.

This is the most terrifying thing;

Countless reporters flocked to Tseung Kwan O to interview the headquarters of Changxing Film Company. Zou Wenhuai had just returned from the United States and had already prepared for the incident to be exposed. He responded to the media interviews calmly:
"Everyone, although we invested in this movie, strictly speaking, it is not a Hong Kong movie, but still an American movie. The main actors are all Americans, with only a few Hong Kong Chinese." This is also the truth. After all, "Jaws" is also preparing to enter Hong Kong and Asia. If I don't say anything, some media may ridicule it after the movie comes out;

A reporter asked: "Then can Changxing Film Company really make a profit of more than 1 billion?"

"Not that much. About half of the movie box office goes to the cinema chains, and then there are taxes, investment costs, etc. The profit is a few hundred million at most." Zou Wenhuai explained with a smile.

"Wow! Hundreds of millions." Many reporters below were also envious.

Even if it is a few hundred million, it is still a very large number. You have to know that many listed companies only have a net profit of tens of millions a year, and the four major foreign companies only have a net profit of 100 million or 200 million a year. This movie can earn what many large companies can only earn in several years.

The American film industry makes money so quickly, it's terrifying.

Another reporter asked: "Mr. Shao, with this amount of money, will Changxing Film Company continue to make movies in the United States?"

Other reporters immediately became interested. If they could produce a movie like this every year, wouldn’t Changxing Film Company be able to become comparable to the Big Four foreign companies?

Zou Wenhuai replied: "We do plan to continue investing in the United States in the future, but the success of the movie "Jaws" can only be said to be a once-in-a-lifetime opportunity, and the probability of it happening again is very low;
In the future, we will still focus on local Hong Kong films, and at the same time we will try our best to arrange cooperation between the Hong Kong film industry and the Hollywood film industry to jointly open up the bilateral film market, achieve economic mutual benefit, and at the same time bring better film content to Hong Kong citizens."

Zou Wenhuai's explanation also allowed many reporters to get what they wanted. An hour later, when the press conference ended, Zou Wenhuai's lips were almost cracked.

After returning to his office, Yang Wendong was already waiting inside. He smiled and asked, "How does it feel to be the focus of the entire Hong Kong media?"

Changxing Film Company is now the leader of Hong Kong's entertainment industry and has been followed by countless entertainment media. However, the entertainment industry is just a pastime for the public and cannot be put on the stage. Even if it expands into the Asian market, it is nothing in the eyes of the top leaders in Hong Kong. At most, Li Xiaolong, who is already famous all over the world, is a little special.
But nowadays, a movie can earn as much as a top consortium in a year or even more, which has made all the financial, commercial and political media in Hong Kong take notice. Other things like real estate and finance have become secondary, at least in the short term.

Zou Wenhuai smiled helplessly and said, "It's difficult to interview you, Mr. Yang, so they can only find me."

"Haha, you just need to get used to it. In the future, our Changxing Film Company will also become the focus of Hong Kong's economy." Yang Wendong said with a faint smile: "In fact, even without "Jaws", the revenue of Changxing Film Company is enough to become one of the top companies in Hong Kong."

The outside world is not aware of the strength of Changxing Film Company, because its core cinema assets are all overseas, with nearly 2000 cinemas, all of which are self-owned and located in good locations in various cities. The value of these cinemas is comparable to several buildings in Central;

The cinema chain's annual net income has already exceeded 100 million yuan. It does not only rely on Hong Kong films, but also accepts American, Japanese, and European films. It is also independently operated and does not only cooperate with Hong Kong films.

As for Hong Kong films, a large number of high-quality films have also sprung up like mushrooms after rain. Box office revenues of millions were rare five years ago, but are now too many. The revenues of these films in overseas theaters also far exceed those in Hong Kong.
Because the film industry became popular, many people in the film industry became rich, and Changxing Film Company controlled core resources and obtained higher profits;
Wrinkle nodded and said, "Yes, now that the United States is willing to cooperate with us, the future benefits will definitely be higher."

"Not necessarily. If American films use Hong Kong actors to enter the Asian market, it may not be a good thing for Hong Kong films in the long run." Yang Wendong said: "Once Asian groups get used to American films, Hong Kong films will still not be as good as American ones in terms of quality."

After listening to this, Wrinkle Huai said, "That means risks and opportunities coexist."

“Yes, only with risks can you make progress. Otherwise, Hong Kong films will be too easy to succeed, which will probably lead to a lot of low-quality works filling the void.” Yang Wendong said with a smile.

Zou Wenhuai was silent for a moment, then suddenly said, "Mr. Yang, the problem you mentioned has already occurred. The most troublesome thing is that some gangs have gotten involved. They also want to enter the film market and have started using some illegal means."

PS: Please give me a monthly ticket
(End of this chapter)