Chapter 16 New Art City
Xu Brothers Film Company was a company jointly established by Lei Yunrong with an investment of 1 million, and the Xu brothers at the expense of signing a contract with New Art City Pictures.
Among them, Lei Yunrong's New Art City Pictures holds 50% of the shares, and the Xu brothers jointly hold 50%. Lei Yunrong doesn't care how they divide it.
It was also agreed that Xu Guanwen would be the general manager of Xu Brothers Film Company and would be responsible for the specific work of the company. This was written into the contract.
But Lei Yunrong will definitely send someone there, but he will not interfere with Xu Guanwen's creation. There still needs to be some financial supervision.
The human heart can never withstand the test of money, and you should never use money to test the human heart.
This is good for both parties. Lei Yunrong feels at ease, and Xu Guanwen feels relieved, and can concentrate on making movies.
As for why the Xu brothers were signed to Xinyi City, this was also the result of Lei Yunrong's request.
The most important thing is for the three of the four brothers to be able to act. The next ten years will be the most glorious ten years for these three brothers.
They have won nine box office champions in this decade, and only Jackie Chan won one, which is a mess, and Xu Guanjie will remain popular until the 1990s.
This is Lei Yunrong's use of information differences to maximize value and to prevent other companies from poaching, especially Jiahe.
Wrinkle Huai is also a bold boss, and he will not be soft-hearted about spending money.
Xu's Film Company will not care about how Lei Yunrong is manipulated. It is very easy to establish a basic framework with Xu Guanwen's connections in the industry.
Lei Yunrong's main concern is New Art City Pictures.
Lei Yunrong doesn't have any connections in the film industry, which makes people scratch their heads.
After having a headache for a while, Lei Yunrong couldn't help but pat his head. He was really at the end of his rope.
Lei Yunrong doesn't have many connections, but he has money.
If you have money, just buy, buy, buy.
Acquisitions are always an important way to accelerate development.
Then after asking around in the film industry, one person caught Lei Yunrong's eye.
He is Wu Siyuan, the current boss of Siyuan Pictures.
Wu Siyuan is also a person who cannot be ignored in Hong Kong movies. He single-handedly discovered Jackie Chan. He is also the first Hong Kong filmmaker to enter the mainland to shoot co-production films. He is also the initiator of director seminars in mainland China, Hong Kong, and Wanwan, and has served as the director of Hong Kong Film Festival for five consecutive years.
Chairman of the Film Awards.
In 1966, he gave up his high-paying job as a middle school teacher to join Shaw Bros., where he devoted himself to studying. In 1971, his first independently directed film was the action-type "Killer".
In the following year, Wu Siyuan released his famous film "Dang Kou Tan", which achieved a box office of 1.76 million Hong Kong dollars in Hong Kong. Wu Siyuan himself also became one of the more influential commercial film directors during this period.
When we talk about Hong Kong Cinema’s early martial arts and kung fu films, we mostly mention Chang Cheh, Chu Yuan and Liu Jialiang, but Wu Siyuan can also be compared with them in the genre of kung fu films.
However, Wu Siyuan later transitioned into a producer role, so his influence gradually faded away.
Previously, in 1972, Wu Siyuan co-founded Fuguo Film Company, and the first film released was "Dang Koutan", which made a lot of money.
However, due to the profit-making, disputes over interests arose, so Wu Siyuan later simply quit and established Siyuan Pictures last year.
It was this company that produced "Drunken Master" and "Snake" and other funny kung fu movies that made Jackie Chan famous, allowing Jackie Chan to start his glorious journey.
At this moment, Wu Siyuan had just established Siyuan Pictures. Although he had made some profits from the success of his previous film and gained fame, it was still not easy to start a new company.
Therefore, it has been a bit difficult to produce his new film so far.
At this time, Lei Yunrong suddenly came to the door and said that he wanted to acquire Siyuan Pictures, which had just completed the framework, which also made him a little confused.
Originally, Wu Siyuan didn't want to sell it, but the offer was too much. The company that Wu Siyuan just started just spent a million dollars on it, which made Wu Siyuan quickly sign his name.
Don't look at the fact that in the future, a movie will often cost tens of millions. It seems that one million is a bit unattractive.
But now in 1974, one million was a lot, and it could buy two 1,000-square-foot mansions.
Nowadays, the investment for a movie is only a few hundred thousand, but for Shaw Brothers, the cost is even lower. Sometimes one hundred thousand can be used to make a movie.
That's why Wu Siyuan agreed so happily.
As for asking to continue as general manager?
Isn't this a good thing?
There is nothing to hesitate about.
At first glance, it is a rare large water pipe. From now on, I will no longer have to search for it when filming.
Later, Lei Yunrong spent another 700,000 yuan to buy Fuguo Film Company.
This not only made Wu Siyuan feel proud, but also benefited the foundation of Wells Fargo and the film copyright.
Wu Siyuan originally came from Fuguo Film Company. It can be said that its establishment also consumed a lot of his energy, so it was easy to integrate the two companies.
Lei Yunrong also merged the two companies to form New Art City Pictures.
Therefore, when New Art City Pictures was established, it already had a complete skeleton, with flesh and blood, and could directly carry out production work.
Lei Yunrong first moved New Art City Pictures into the Jianye Building in Kowloon and dedicated an entire floor to them, which instantly made the company's appearance look much more grand.
Later, Lei Yunrong injected another two million into the company to make new movies and update equipment.
Now New Art City Pictures needs money and people, and everything is on the right track.
The first film that New Arts City plans to invest in is "Double Star" in collaboration with the Xu brothers.
New Art City invested 400,000 yuan in this movie, the Xu brothers invested 200,000, and the brothers' remuneration for writing, directing, and acting were each accounted for 50%, and New Art City Pictures was responsible for distribution.
Xu Guanwen also believed that with his status as the eldest son of the Lei family, it would not be a big problem to find a theater to show it, so he was happy to do so.
New Art City itself also invested in the filming of the new film "The Little Godfather" that Wu Siyuan was preparing.
Moreover, the investment in this movie is not large, and Lei Yunrong does not want to dampen Wu Siyuan's enthusiasm, and it can also help the team work together.
Lei Yunrong doesn't know if this film has become a hit, but since Wu Siyuan will continue to prosper Siyuan Pictures in the future, there is a high probability that it will be successful, although Lei Yunrong has never heard of this film.
As for why Lei Yunrong didn't make some subsequent hit movies, wouldn't this be more of a blockbuster?
The main reason is that Lei Yunrong doesn't know how many hit movies there were in the 1970s. Every era has its own film characteristics. It would be a waste if it doesn't adapt to the local conditions and becomes popular.
Moreover, Lei Yunrong doesn't believe that if he has money, he can't develop the company if he recruits outstanding filmmakers.
If this is the case, then it is fate, Lei Yunrong accepted it.
After handling the film company matters, the only thing left to do is to set up a theater chain.
Among them, Lei Yunrong of his own Lisheng Cinemas has arranged for people to negotiate with Jiahe in the past few days.
Because Jiahe was in a weaker position when Lisheng joined Golden Harvest Cinemas, the terms signed were more in favor of Lisheng.
In addition, Lisheng Cinemas has been in the exhibition business since the 1960s and has not been involved in production, so Golden Harvest was relieved at that time and did not sign a high default amount.
This also saved Lei Yunrong a lot of trouble.
In the past few days, while Lei Yunrong was busy setting up a film company, he had already sent people to negotiate with Golden Harvest about the separation of Ritz Cinemas from Golden Harvest, but the talks have not been completed yet.
Mainly because it was a bit sudden for Jiahe and caught them off guard.
This matter is not urgent. There are people below to discuss it. Lei Yunrong is considering expanding the scale of Lisheng Cinemas.
Eight movie theaters is still a bit too few.
Lei Yunrong also set his sights on other independent theaters, especially those large theaters.
Chapter completed!