Industry supervision is becoming stricter, and the quality of works is not enough. Film and television stocks are collectively depressed in the first quarter

whether it is a traditional film and television giant or a cross-border "upstart", the film and television industry, which began to acquire unboiled water in previous years, suffered a cooling in 2016. The film and television stocks are in the doldrums in the first quarter, which is closely related to the declining performance of domestic films, so it is no wonder that the market does not give face to the good works that can not be bought by the market.

original title: where is the "Speed and Passion" of Film and Television stocks?

"Fast and Furious 8" grossed more than 2 billion yuan at the box office, while domestic film and television stocks, which form a sharp contrast, do not have speed and passion.

Hairun Pictures, which relies on star shareholders, just released its annual report, showing a loss of 62.4437 million yuan in 2016. The top ten shareholders of Hairun Pictures, including stars Sun Li, Liu Shishi and others, stand out against the huge losses.

Hairun is not the only film and television company that has suffered a Waterloo. Since the beginning of the year, many film and television stocks of Huayi Brothers, Light Media, Shanghai Film and the Great Wall Film and Television have declined to a large extent, and the film and television stocks that have created countless miracles are no longer a myth.

Light Media also saw its first decline in revenue in the film business in 2016. At the same time, Huayi Brothers reported an embarrassing decline of 126.06 per cent year-on-year in the disclosure of KuaiBao's first-quarter results.

Happy mahua, as "the first share of comedy", is also very difficult to be happy, and it is now fraught with difficulties for happy mahua who is bent on seeking to change the version. After the revenue boom brought about by "Charlotte annoyance" in 2015, only one movie, "Donkey gets Water", was released in 2016, and the total box office was not even as good as Charlotte annoyance's 1max 10.

whether it is a traditional film and television giant or a cross-border "upstart", the film and television industry, which has seen its rise in mergers and acquisitions in previous years, suffered a cooling in 2016. The film and television stocks are in the doldrums in the first quarter, which is closely related to the declining performance of domestic films, so it is no wonder that the market does not give face to the good works that can not be bought by the market.

after the Spring Festival in 2016, China's film market has been in a persistent downturn, with a serious shortage of high-quality films, and the over-developed market and derivative opportunism have kidnapped Chinese films to a certain extent. the film industry gradually deviated from the established development track and began to rely on star popularity and capital speculation to try its luck in the market.

the audience is not a fool. With the maturity of the Chinese film audience, the problem of shoddy production has gradually emerged. In the future, with the decline of capital power, the film industry can not return to normal without a wash of survival of the fittest.

the hype outside the film and television works has also attracted the attention of regulators. "stir-fry the number of players, high-level cash, while touting while shipping." This kind of hype has been gradually regulated by regulatory measures. At the same time, since May 2016, regulators have tightened their scrutiny of mergers and acquisitions, and transactions in the film and television industry have faced much higher regulatory pressure than in previous years.

earlier, Perfect World's investment of 500 million yuan to acquire a 10% stake in Jiaxing Media was also questioned by the CSRC. Coincidentally, Zhejiang Securities Administration had just inquired about the details of Longwei Media's acquisition of Wanjia Culture, and inquired about Star Capital acquisition for the second time in a short time.

but these lessons do not seem to dampen the enthusiasm of the cultural media industry to invest. At the beginning of this year, the explosion of "three generations and ten miles of peach blossoms" made Yang Mi's Jiaxing media become popular in the investment and financing industry.

using leverage to pry billions of wealth, Zhao Wei is the first star to eat this kind of crab, and Yang Mi will not be the last star to learn to eat crabs. This crab, which has only been injected into the two major slow-down genes of star and capital, continues to challenge the bottom line and model of China's financial system regulation.

Star capitalization has been hot, and the CSRC has smelled the fishy valuation of star enterprises. Now regulators have hit the star capital market with heavy blows, and must squeeze the bubble out. With the gradual return of the market to rationality, the film and television industry should stabilize its output strength and do content in order to get out of labor pains more quickly. Whether the Film Market Winter, which lasted from last year to the present, will force the movie market to squeeze out a bubble, so as to really reach the inflection point of the movie market has attracted much attention.

Edit: nancy