Chapter 349 Ugly financial report

A series of TV series such as "Pillow Crime" and "The Invisible Spy" suffered losses, resulting in Red Film and Television's financial reports being very ugly for two consecutive years.

This also directly led to the holding capital behind Red Film and Television, Pengcheng Capital, and Dingsheng Capital losing money for two consecutive years.

Last year, Pengcheng Capital originally planned to rely on Tan Zhiguan’s new album and national tour to make money.

As a result, Tan Zhiguan's new album "Return of the King" has been overshadowed by Fang Xing's new album since its release.

As a result, Merlin Records' revenue last year was lower than expected.

Originally, Pengcheng Capital planned to rely on Tan Zhiguan to harvest 1 billion leeks and make up for two consecutive years of losses.

It's a pity that Tan Zhiguan's national tour only made less than 500 million.

Moreover, after the tour in key cities ends, if you continue to tour in small and medium-sized cities, your income will decrease rapidly.

After Merlin Records cuts this wave, it will be difficult to have this level of revenue again within two years.

Because Chen Xingye has always hoped to cultivate Chen Wenhan as a musical talent, it is in line with Chen Xingye's expectations to continue studying for a Ph.D. after completing his master's degree.

Chen Xingye answered: "Wen Han, didn't I help you contact your doctoral supervisor? When you are free, come and visit."

However, if Pengcheng Capital wants to rely on Puxiang Records to make a comeback, the fastest way is to let the queen release an album.

He is well-known in the entertainment industry, and his personality is that of "Violin Prince" and "Music Talent".

As long as you make money, other things don't matter.

After thinking for a moment, he agreed: "You can break in if you want, but you must never put down the violin."

Chen Xingye looked at Chen Lipeng again and asked: "What are the company's plans? If this year's financial report is still so ugly, the shareholders will not be able to talk so easily."

Now that Chen Xingye has asked, it shows that he is very dissatisfied with the company's management.

The money was made, but Tan Zhiguan lost a lot of feathers.

"The same is true for this spy drama. Before "The Pretender" was launched, the ratings of our drama were not bad, reaching a rating of 1.7% at one time.

Moreover, when new singers release albums these days, they basically release one album and make another album.

For capital, making money is justice.

Chen Wenhan interjected: "The loss of "Invisible Intelligence" is nothing. However, Red Film and Television invested in this drama. It will not be so easy to sell future dramas."

Therefore, the Chen family’s investment vision in music is indeed higher than the industry average.

Mailin Records has just made some money back with the money earned by Tan Zhiguan.

Chen Xingye asked: "Didn't you ask for information from the people around Qi Xiuna?"

Chen Lipeng promised to invite the top producers and production teams in the industry to create a new album for Qi Xiuna.

By then, the valuation of Puxiang Records had also plummeted.

The uncle and nephew have great differences in company management.

Qi Xiuna is the face of Puxiang Records. If the contract renewal fails, Puxiang Records' status in the music world will drop a lot.

This is a very common thing in the industry.

At this moment.

Chen Xingye pondered and did not interrupt, wanting to continue listening to Chen Lipeng.

Coupled with Pengcheng Capital's serious losses in the past two years, Chen Lipeng's prestige has continued to decline.

TV stations are not fools either. They bought a drama from Red Film and Television, only to have the ratings suck like that.

From Tan Zhiguan's new album and national tour project, he made a lot of money, and he made a lot of money.

She even made it clear that Qi Xiuna could name the top domestic producers and the company would be responsible for hiring them.

Chen Xingye frowned and asked: "Why don't you want to study for a Ph.D.? Isn't it a good idea to pursue a music career? Your violin playing talent has been so good since you were a child."

Chen Wenhan leaned back in his chair and said: "Our family has been losing money for two consecutive years, and I hope I can help the company.

However, without Qi Xiuna, the leading diva of Puxiang Records, her status in the music world will definitely decline.

"To be honest, how is the negotiation for Qi Xiuna's contract renewal going?" Chen Xingye asked in a serious tone.

Maintaining the persona of this "Prince of Violins" and developing in the entertainment industry, his starting point has surpassed that of most celebrities.

In fact, Chen Wenhan was tired of school and said, "I don't want to study for a Ph.D. anymore."

Under normal circumstances, if a record company is willing to release an album to a singer, the singer will be eager to do so.

Therefore, Ruide Film and Television's reputation in the industry has collapsed. Unless the next drama can be a hit, it will be difficult for the drama to sell at a high price.

Chen Wenhan nodded in agreement: "I know."

I heard that Chen’s mother mentioned Qi Xiuna’s new album.

So Qi Xiuna cherishes her feathers very much. Even if she doesn't make money, she doesn't use her reputation and status in the music industry to make money.

Chen Xingye had never asked about this matter, but now he heard about it and asked: "Why hasn't it been settled?"

However, Qi Xiuna saw the situation of Tan Zhiguan last year, so she did not consider releasing a new album, so renewing the contract became difficult.

If Ruide Film and Television will make another TV series in the future, will TV stations dare to buy it?

Even if the TV station is willing to buy it, it will keep the price very low.

…

This resulted in many problems within Pengcheng Capital.

After talking about Chen Wenhan.

Chen Lipeng could not stand his nephew more and more.

At this moment.

There was silence at the dining table for a moment.

"However, as soon as Ark Culture's "The Pretender" was launched, the ratings were taken away by the other party, resulting in the final revenue being lower than expected."

Although Mailin Records cut off 500 million yuan, the record company itself and Tan Zhiguan both had to take money from it. In the end, only more than 200 million yuan could be transferred to Pengcheng Capital.

Every year he attends some television stations' evening parties and plays the violin.

"My personal studio has always been profitable. With my ability, I will definitely enter the entertainment industry and become popular.

A singer with Qi Xiuna's status will definitely make demands when renewing her contract.

…

Chen Wenhan twitched his lips and said, "Do you need to say more? Qi Xiuna refuses to release a new album. She is worried about ending up like Tan Zhiguan."

At her status, feathers are more important than money.

Chen Lipeng shook his head and replied: "It has not been settled yet."

Qi Xiuna is the head queen of Puxiang Records.

Chen Wenhan has graduated from graduate school and is considering whether to continue studying for a Ph.D. or look for other opportunities.

Since Chen Wenhan wanted to get involved in the management of Pengcheng Capital after graduation, and Chen Wenhan's mother's shares were already held on behalf of Chen Wenhan, Chen Wenhan had a great say in Pengcheng Capital.

He has been trying to find ways to reverse the company's investment losses, but every time there is a big deviation from what he expected.

Chen Lipeng was very helpless.

Chen's mother interjected and asked: "Second uncle persuaded Qi Xiuna to release a new album?"

Of course, when at home, Chen Lipeng couldn't bring back his work emotions, at least he couldn't show them in front of Chen Xingye.

Chen Xingye, who had been retired for ten years, had to ask about this matter: "What's going on with the company? Why are the losses getting worse and worse?"

Originally, Pengcheng Capital has been losing money for two consecutive years. If the company's valuation plummets due to the issue of Qi Xiuna's contract renewal, the shareholders will be unable to hold it back.

After all, Qi Xiuna's songs are enough to hold ten consecutive concerts, and all the songs she sings are not repeated.

"If a record company wants to develop, it still has to rely on recruiting new people. Even if the king and queen agree to renew the contract, the signing fee is astronomical. So, I have already considered arranging for new people from Puxiang Records and Red Film to participate in Pea Video and

A talent show in cooperation with Chaoyin Culture." Chen Lipeng revealed the planned project.

Therefore, when Pengcheng Capital proposed to let popular queen Qi Xiuna release an album this year, Qi Xiuna decisively refused.

…

Qi Xiuna is the head queen of Puxiang Records and plays an important role in the music industry.

Qi Xiuna also saw what happened to Tan Zhiguan last year and guessed that the company wanted to arrange for her to go on a nationwide tour to make money.

This is indeed the fastest way to regain blood, but once the sales of the new album fail to meet expectations, the result will be embarrassing.

After saying this, Chen Xingye's expression darkened.

When this topic was brought up, Chen Lipeng could only reply: "We are still talking about it."

Red Film and Television lost money again because of "Invisible Spy".

"So, I plan to officially start a business and develop my personal studio into an entertainment company."
To be continued...