Contemporary Oriental plans to set up a theater line M & A fund to invest 120 million yuan to shoot "Hot Blood Chang 'an"

Contemporary Oriental announced on the evening of May 16 that the company plans to join hands with Guotai Yuanxin to establish the "Contemporary Oriental-Guotai Yuanxin Theater Industry M & A Development Fund (Multi-Phase)", with a total scale of no more than 1 billion yuan.

Contemporary Oriental announced on the evening of May 16 that the company plans to join hands with Guotai Yuanxin to establish the "Contemporary Oriental-Guotai Yuanxin Theater Industry M & A Development Fund (Multi-Phase)". The total scale of the fund will not exceed 1 billion yuan and the duration is "2+1" In the year, it will carry out investment activities involving primary and secondary markets, such as investment, mergers and acquisitions, new construction and industrial integration of domestic and foreign theaters and theater assets.

At the same time, Contemporary Oriental established industrial funds with Huaan Asset Management and Huashe Assets in 2014 and mid-2015 respectively. Among them, the former has a scale of 5 billion yuan and a duration of 1.5+1.5 years, and participates in investment in the cultural media industry; the latter has a scale of no more than 1 billion yuan and a cooperation period of 3 years. The investment direction is investment and acquisition of TMT assets.

Three years of gambling net profit of 116 million yuan laid a solid foundation for the license of double cinema lines. On the same day

, the company issued two foreign investment announcements:

1) The company completed the acquisition of 51.13% equity of Beijing Huacai Tiandi Technology Development Co., Ltd.(referred to as Huacai Tiandi) in the form of share transfer and capital increase, involving funds of 158 million yuan and creditor's rights of 15 million yuan.

Huacai Tiandi's main business is mainly sales of digital film projection equipment and equipment and related technical services, as well as theater distribution, film projection, theater advertising and theater construction services. It has 17 private-brand theaters and 18 affiliated theaters.

According to the performance commitment, Huacai Tiandi's cumulative committed net profit from 2016 to 2018 shall not be less than 116 million yuan, of which the net profit for 2016 shall not be less than 30 million yuan, the net profit for 2017 shall not be less than 37.5 million yuan, and the net profit for 2018 shall not be less than 48.5 million yuan.

2) Mengjiangwei, a wholly-owned subsidiary of the company, plans to entrust Haile Film and Television to shoot and produce the 48-episode TV series "Hot Blood Chang 'an"(tentative name), with a total production cost of 120 million yuan.

At this point, Contemporary Oriental has completed the all-round layout of film content, movie theaters, online ticketing, physical studios, film derivatives and other industries, further consolidating the film entertainment ecosystem. This means that Contemporary Oriental has two cinema licenses,"China Guangzhou Cinema Line" and Shanghai Hongge (a cinema company controlled by Huacai Tiandi), parallel.

"North and West 2" sets a new box office record for fans, Social Studios has become an innovative selling point

. In the movie content section,"The Love Letter between Beijing and Seattle" produced by Mengjiangwei Films, a wholly-owned subsidiary of Contemporary Oriental, was released nationwide on April 29. At present, the box office has exceeded 700 million yuan, and the sword refers to 800 million yuan, making it a record-setting Chinese love box office record. This is the first work of Contemporary Oriental in the field of domestic films after investing in "Mission Impossible 5".

Focusing on the development strategy of "content, channels, and derivatives", Contemporary Oriental, the "entertainment ecosystem leader", has the conditions to develop from the entire industry such as film production, distribution, theaters, and cinemas, and the film ecology is becoming increasingly perfect. Industry insiders analyzed that controlling the shareholding of China Broadcasting Line and Huacai Tiandi and introducing the era of strategic investors in the micro-film era not only improved the contemporary oriental film ecology, but also made preparations for entering and expanding the film market.

In 2015, the box office of China movies reached 44 billion yuan. Behind the box office scale are 31,000 large screens spread across the country. Digital film projection systems allow cinemas to not only show movies, but also make it possible for cinemas to transform them into "cultural and entertainment centers." Sports events, TV series, concerts and even multiplayer online games can become good content suitable for cinemas to screen.

The future studios will be a carrier with more interactive and entertaining properties. Based on the continuous development of AR/VR and other technologies, while contemporary Oriental continues to present wonderful content to the audience, it also pays more attention to the user experience and the versatility and pan-entertainment of the theater., gradually creating a diversified fan social studio.

With the strategic layout of content, channels, and derivatives, the development capabilities of the entire industry chain are particularly important. Contemporary Oriental, the "entertainment ecosystem leader", has introduced a number of S-level video game IPs such as "The Hunger Games" and "Steel Boxing". Game products of the same name launched in conjunction with Baidu, Sohu and others will be launched one after another during the year.

Editor: vian