Wanda Film and Television raised 10 billion yuan to prepare for listing, valued at 35 billion yuan

Wanda Film and Television, a subsidiary of Wanda, is preparing to go public and plans to raise about 10 billion yuan before going public. The investor's capital contribution method is to transfer the old shares of Wanda Films and increase the capital of Wanda Qingdao. The estimated private equity valuation of Wanda Films is 35 billion yuan.

Tencent Technology has exclusively learned that Wanda Films, a subsidiary of Wanda, is preparing to go public and plans to raise about 10 billion yuan before going public. The investor's capital contribution method is to transfer the old shares of Wanda Films and increase the capital of Wanda Qingdao. The estimated private equity valuation of Wanda Films is 35 billion yuan.

After completing this round of fundraising, Wanda Film and Television has three possibilities for capitalization: 1) backdoor listing;2) independent listing; and 3) incorporation into Wanda's listed companies. Wanda Film and Television will strive to be listed in 2016.

If Wanda Film and Television fails to be listed within one year after the investor invests the funds, the investor can choose:

1) continue to hold and wait for listing;

2) choose to withdraw. Wanda Culture Group will withdraw from the investor at a return rate of 15% on a simple interest. Conduct a repurchase of the investors 'shares of Wanda Film and Television and Wanda Qingdao held by the investors.

Wanda Film and Television's revenue in 2015 was 580 million yuan.

Wang Jianlin, chairman of Wanda Group, revealed in a recent work report that Wanda Film and Television's box office in 2015 was 6.15 billion yuan, with revenue of 580 million yuan, a year-on-year increase of 36.1%. The film and television company has only been established two years ago, and the two core indicators of box office and revenue rank first among domestic private enterprises; the films such as "Pancake Man","Get Out of the Storm", and "The Quest for the Dragon" have won double harvests in the box office of public praise.

Wuzhou Film Distribution Company issued box office of 6.7 billion yuan, accounting for one-quarter of the domestic film market share; its revenue was 1.65 billion yuan, completing 183.7% of the annual plan; only one year after its establishment, Wuzhou Film Distribution ranked first among private enterprises in box office and revenue.

Wanda has acquired Legendary Pictures for US$3.5 billion

. On January 12, 2016, Wanda Group just announced the acquisition of Legendary Pictures of the United States for no more than US$3.5 billion in cash. This is the largest overseas cultural merger by a China company to date.

Legendary Pictures has many co-produced films that have won high box office in China, including "Godzilla","Inception","Jurassic World" and "Pacific Rim". Once the contract with Legendary Pictures is approved, it will become the world's highest-grossing film company.

Wanda is applying to relevant departments for a special policy on the import of Legendary Pictures films. Legendary Pictures 'revenue and profit targets in 2016 are based on current policies in mainland China. If the special policy is approved, it may significantly increase Legendary Pictures 'revenue and profits.

This acquisition of Legendary Pictures is also a solid step taken by Wanda Group towards its goal of becoming a global and vertically integrated film company.

In fact, as early as August 2012, Wanda Group spent US$2.6 billion to acquire AMC Entertainment. Since then, Wanda paid US$600 million to Hoyts, Australia's second largest diversified group.

Wang Jianlin, chairman of Wanda Group, once revealed that Legendary Pictures plans to generate revenue of 4.02 billion yuan in 2016; Wanda Pictures Media plans to generate revenue of 1 billion yuan, a year-on-year increase of 71%; Wuzhou Film Distribution plans to box office 9 billion yuan, with revenue of 1.76 billion yuan, a year-on-year increase of 10.6%.

Analysts believe that once Wanda Pictures is successfully listed, Wang Jianlin's territory in the film and television field will grow even stronger. After Wanda Pictures acquired Legendary Pictures of the United States, its revenue in 2016 will also become the largest company in the world's film industry.

Editor: yvonne