Chen Xinyao spoke very directly to Chen Feng. It’s just his nature, and the other reason is that he urgently needs to offload New Bright Film and Television. Unfortunately, for the past two to three months, he hasn’t found a suitable buyer. Even those who have inquired about the price are trying hard to drive down the price and pick up a bargain, leaving him ntally exhausted and fed up.
If it weren’t for his sense of responsibility and consideration for his reputation and credibility, he would have applied for bankruptcy long ago.
Seeing that Chen Xinyao spoke directly, Chen Feng responded in kind: "Your offer of fifty million is too outrageous. The most valuable assets of your company right now are the copyrights of a few previously fild films and TV shows, but only two or three of them gained minor popularity, so their comrcial value really isn’t high."
Chen Xinyao quickly added, "We have a major production, an over twenty million yuan investnt TV series called ’Mountain Order.’ If sold, it could at least profit thirty to forty million."
Chen Feng smiled slightly and said, "As far as I know, your TV series has not yet passed the approval process and hasn’t received the license. The reason why the upper-level departnt hasn’t approved it likely relates to the series’ the of male-male romance. Even though you’ve revised it multiple tis, it remains sowhat sensitive, and I believe the upper-level departnt will find it hard to approve. There’s a high chance this TV series will end up stuck in your hands."
Seeing that Chen Feng was well aware, Chen Xinyao sighed in frustration and said, "We can only say our company is unlucky, but this series doesn’t necessarily have to end up stuck. Didn’t a hot drama adapted from a boys’ love novel pass the approval before?
Moreover, as far as I know, a similar TV drama successfully passed the approval process not long ago and has signed a broadcast contract with Yiqi Video platform, expected to be live on the website in at most a month.
So, I believe if we can find the right connections or persuade influential people, combined with so necessary revisions, there’s still a good chance for our series to pass the approval and successfully be sold."
What he said is truthful, and Chen Feng also believes it, but in business, he definitely wouldn’t accept the price offer of fifty million.
"I’m bringing a lot of sincerity to this negotiation, but your fifty million offer is way out of line. I’ll be straightforward; my maximum offer is twenty-eight million. This is the highest evaluated value from the most professional asset evaluation company regarding your company. Beyond this price, I could completely go for acquiring other film companies with higher cost-effectiveness ratio. You know, there are plenty of film companies like this in our country."
"Twenty-eight million is too little!" Chen Xinyao was sowhat dissatisfied, "Our company has previously fild over a dozen movies and TV series, and their combined copyrights are at least worth twenty million. Plus, our just completed ’Mountain Order’ is worth more than twenty million, potentially valuing thirty million upon successful release, and that is the main basis for my fifty million offer."
Chen Feng smiled and said, "Well then, you can separate the TV series ’Mountain Order’ from your company; I don’t want it, you keep it. I’ll offer twenty million to acquire your company."
Chen Xinyao was instantly dumbfounded, speechless, unable to speak for a while.
If ’Mountain Order’ could pass the approval, be released successfully and sold, would he even need to sell the company?
Precisely because he tried every ans and many channels previously but still couldn’t pass the approval. Furthermore, a bigwig from the approval departnt even openly criticized their ’Mountain Order’ series, saying it’s filled with the stench of corruption, the the is negative, and as long as he is in charge, the series won’t be approved.
It was this that finally made Chen Xinyao accept the inevitable and decided to sell the company.
"You can think over it carefully. I’ll give you three days. After three days, if I don’t hear from you, I’ll assu you disagree."
Chen Feng didn’t say anything unnecessary, just stood up and left.
Although this is the company he most hopes to acquire among the three, it’s not absolutely necessary.
Moreover, now that Chen Feng has successfully beco Dianchuang Culture’s second boss, his desire to continue acquiring a film company isn’t as strong as before.
He has worked for many years at Dianchuang Culture before and is very familiar with the company’s business, yet knows nothing about film companies, lacking confidence that he could manage it well.
The main reason is that he’s rather lazy and doesn’t want to exhaust himself struggling for a film company.
After leaving the dimly lit office building, Wu ngting asked, "Brother, isn’t the price you offered a bit low?"
The investigation report detailed thoroughly that New Bright Film and Television’s asset evaluation reached forty million, not particularly because ’Mountain Order’ is valuable but because of contracts with several artists in their hands—five artists in total, two males and three females, with the oldest being barely over thirty, considered a veteran actor, having played nurous supporting roles in films and TV series, their acting skills being quite impressive.
The other two female artists are acting school graduates who previously starred in New Bright company’s shows, signing long-term contracts in the process, gaining so minor fa though their exposure is not high, barely considered C-list actresses. These two graduated just one or two years ago, with the oldest being only twenty-five years old, possessing good looks and adequate acting skills.
The investigation report explicitly expressed optimism about these two acting school graduate female artists, believing that given the opportunity and sufficient exposure, they have the potential to beco very popular.
As for the last two male artists, they are the ’Flower Handso Man’ duo starring in ’Mountain Order.’ One originated from a modeling background, aged 23, the other ca from an acting school, aged 22, possessing very fan-friendly appearances, especially lethal to female fans.
If ’Mountain Order’ is successfully released, they’d undoubtedly beco explosively popular. Even if the series isn’t released, with proper packaging and promotion, it should have the potential for minor popularity.
The investigation report evaluated the contract value for these five individuals at least at fifteen million, with the two Flower Handso n being the most valuable.
Regarding ’Mountain Order,’ the investigation report indicated that it’s worth a maximum of five million, and readying oneself for it potentially staying stuck.
In summary, this investigation report is truly comprehensive, covering all aspects. Wu ngting was quite satisfied and sowhat trusting it, thereby not fully understanding why Chen Feng lowered the price to twenty-eight million.
According to her understanding, the counterpart certainly wouldn’t sell at this price, leading to possibly missing out on this decently qualified company.
"Twenty-eight million isn’t actually low." Chen Feng sowhat explained, "Besides, I don’t have much funding in hand right now, saving where possible. If it’s too expensive, I might as well purchase smaller film companies to play with."
Chen Feng wasn’t lying. Though he did earn a lot from the stock market before, he also spent a lot, and just acquiring Dianchuang Culture company consud over twenty million. If he truly intends to spend fifty million acquiring this film company, he’d run out of funds.
He’s unwilling to continue making money from the stock market, thus can only reduce the acquisition budget for the film company.
"It seems difficult to acquire this company; the price gap between us is too wide."
Wu ngting said sowhat disappointedly.
"If it doesn’t work out, so be it. Anyway, there are plenty of film companies. If worse cos to worst, we’ll just set up our own company, which should be more cost-effective."
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