Bright Era of China Entertainment

The groupization of the company has been implemented for nearly two months from the beginning of July to the end of August.

The rest of the subsidiaries are okay. The personnel and management structure and corporate address have basically not changed. Only the five new companies separated from the film and television company have changed the most.

After intensive work in the past two months, all five companies have been established, and personnel transfers and management personnel have been put in place.

Bright Times Entertainment Co., Ltd. also changed its name to Bright Times Media Group Co., Ltd.

As for the company name that Chu Xuan originally mentioned with the word "China" in it, he would wait until the Brilliant Times Building was built before applying.

Today, the corporate structure with Bright Times Media Group as the core...

Brilliant Times Cinema, which is the main theater and distributor, Brilliant Times Artist Agency, which is the main artist agent, and Brilliant Times (Los Angeles) Asset Management, which is the main agent for overseas film and television copyrights;

Brilliant Era Creative Culture for main scripts, Brilliant Era Century Culture for main TV, Brilliant Era Starry Sky Culture for main variety shows, Brilliant Era Pictures for main movies, and Brilliant Era Digital Special Effects for main special effects.

The group's organizational structure is now complete and registered with the Industrial and Commercial Bureau and the Taxation Bureau, and is legal and compliant.

What is missing now is the establishment of the structure of the Bright Times Financial Trust Company, which stands side by side with the media group, and the establishment of the equity ownership of the group's first-level investment company that overrides the media group and the trust.

The Financial Trust Company, as an institution that distributes annual bonuses to subsidiaries, is also an institution that distributes year-end dividends to shareholders of the media group, and is also an institution that releases dividends to the studios of Li and others every year. It can be said that it is related to the overall interests of the group.

In order to determine the specific amount of profit distribution, the prerequisite is to determine the shareholding ratios of Chu Xuan, Liu Yifei and Wang Jinhua in the group's top structural investment companies, and then determine the shareholding ratios of each shareholder of the media group, in order to further establish the specific differentiation of interests.

To determine the shareholding ratio of the three people in the investment company, this is closely related to the merger value of Yixuan Investment.

Yixuan Investment holds 40% of Longyou's shares, which is closely related to Longyou's value.

Fortunately, Wang Jinhua, Liu Xiaoli, and Cao Guowei had already discussed it clearly during this period. Chu Xuan and Liu Yifei could follow the group for a few days to sign, seal, and apply to the relevant departments for filing.

Before Yixuan Investment is officially merged into Bright Times, the assets obtained from it must be settled.

This is equivalent to the sale of a supermarket. The profit before the sale belongs to the previous owner, not the subsequent owner.

In other words, Longyou has been developing for nearly nine months, and the profits of Yixuan Investment in these nine months belong to Yixuan Investment. Even after the equity exchange between Yixuan Investment and Bright Times, they do not belong to Bright Times.

Faced with Longyou's profits in the past nine months, Liu Yifei was greatly surprised.

"30 billion." She took a pen and paper and counted.

18 billion after tax, Yixuan’s investment of 40% is 7.2 million.

Mom and Chu Xuan each have 40%, which is 2.88 million each.

Bright Times and China Film Group each had 10%, and each also made a profit of 7200 million.

"Starting from March last year, it's only been a year and a half since September, and 3 million has been credited to the bank card." Liu Yifei blinked.

"How does it feel?" Chu Xuan asked.

Liu Yifei looked at him, then at her mother, and whispered: "It's a bit cool."

Although it was very quiet, the conference room was very quiet. The conversation between the two was heard by everyone present. Wang Jinhua, Liu Xiaoli, Han Sanping, and Cao Guowei couldn't help but smile.

Liu Yifei was a little embarrassed and took a sip of tea with her lips pursed. With this money, she just thought about getting a big house of [-] square meters.

Liu Xiaoli feels lucky. She invested the small tens of millions that her daughter had saved over the years with Chu Xuan, and now the income is seven or eight times the cost. In just over a year, there will be a steady stream of income in the future. , which was something unimaginable to her before.

At the same time, she also gained confidence. If her son-in-law wanted to give such expensive jewelry as a wedding dowry, she could feel free to return the gift.

Although you and your son-in-law have become a family for a long time, it is indeed vulgar to talk about money, but when it comes to marriage, you have to reciprocate, and you have to reciprocate. After all, we are a family, and no matter how much you give, you still give it to your two children.

Longyou's three major gaming company shareholders, Wu Qifeng of Hangcheng Legang Technology, Liang Yaozhong of Shenghai Kaiying Network, and Bi Qiu of Xiamen Halo Technology, were also present.

Under the constraints of the Industrial and Commercial Law, changes in the shareholders of a limited company must be signed and confirmed by all shareholders before it can take effect. They came here specially today.

Facing these shareholders, in order to reassure them, Chu Xuan said: "Don't worry, bosses, although the major shares invested by Yixuan have been changed to Bright Times Media, my fiancée and I will always be the parties exercising the major shares. The long-term plan for web games and the future mobile game plan we have discussed remain unchanged, and Longyou will continue to develop in the direction we set at the beginning."

As Cao Guowei once said, Longyou Big Stock is Yixuan Investment or Bright Era. Both companies are the property of Chu Xuan, Liu Xiaoli and Wang Jinhua, and this is also their own family business.

He does not interfere, but Longyou can develop. The founder and core figure is Chu Xuan. He doesn't care which company the big stock is in, but the right to speak must belong to Chu Xuan. He only believes in Chu Xuan when it comes to Longyou's development.

Both parties have reached a consensus on this matter a long time ago, and the bosses of the three major game companies have known this for a long time and have always been relieved. Now that they heard Chu Xuan's personal statement, they were even more relieved.

"We can rest assured of what Mr. Chu said." Wu Qifeng looked at the other two CEOs and said: "I think back then we were still out of breath in the web game industry. How could we have imagined that we would be in such a situation today. Since Long After the game started to gain momentum, people who came to invest and learn and observe almost broke down the door of our company, and this was all thanks to Mr. Chu.”

The other two CEOs smiled and nodded, and Liang Yaozhong talked eloquently: "We have mastered the standards for the largest recharge system in the web game market. The local Internet Alliance in Shenghai also invited me to give a lecture on the web game entrepreneurship sector to talk to entrepreneurs. How to create and build a web game that conforms to the Longyou system? Once upon a time, our web game industry had no position today. It was Mr. Chu who single-handedly drove the entire industry."

"Thank you. Besides, I'm going to get bloated." Chu Xuan shook his head.

Everyone laughed, and Bi Qiu said: "Longyou has merged into the Brilliant Era. Mr. Gang Wang has also said that the two parties can also step up cooperation and contact to allow artists to participate in game endorsements, as well as YY voice command and other commercial endorsement activities. This It is good for Longyou’s development.”

Everyone nodded, and Wang Jinhua said: "Artist endorsements and YY voice activities can enhance Longyou's brand competitiveness. At the same time, Bright Times will strengthen its commercial endorsement business. This is a win-win cooperation."

The web game industry has just begun to develop. Due to the strong copying and imitation, the output rate of web games is extremely high and the average life span is also very short. The promotion method of celebrity endorsement is currently not within the scope of capital consideration.

But this is only for the rest of the market capital. For Longyou's web game with a stable system game model, its operating life is longer. It is still no problem to let a celebrity endorse a highly competitive web game for a year with a guaranteed minimum. of.

Previously, the Longyou platform was still in its initial development stage, so it did not consider such endorsement matters. Now that the development has stabilized, and Bright Times Media has become Longyou's major shareholder, relevant cooperation will naturally follow.

While everyone was chatting, they also signed and stamped the documents related to the equity change one by one.

Subsequently, a group of people went to the relevant departments to confirm the change of equity. With the seal of the employees, Longyou Big Stock was completely changed to Bright Times Media.

Finally, Chu Xuan, Liu Yifei, Liu Xiaoli, Wang Jinhua and Han Sanping came to the bank with people from Longyou's finance department to settle the related assets before the equity change.

Among them, Chu Xuan and Liu Xiaoli each received 2.88 million, and the basic accounts of Bright Times Media and China Film Group received 7200 million.At this point, the finances were settled and Yixuan Investment ceased to exist. 100% of the equity value and tax aspects were merged into Bright Times Media.

Now that Longyou has settled it, the next step is to divide the overall equity of Bright Times.

Speaking of equity division, it is nothing more than the division of interests between Chu Xuan, Liu Yifei and Wang Jinhua.

At this point, Liu Xiaoli and Wang Jinhua had already discussed it, and Chu Xuan and Liu Yifei also knew the result in advance.

Putting aside the value of Micro-Entertainment's equity, if we only look at profitability, the entire Bright Era currently cannot compare to Longyou.

However, since Xinlang has already been listed, it is clear that Weiyu can be integrated into the Xinlang system and listed. Once the leverage is raised after the listing, the value will increase several times, which is much higher than the current value of Longyou. .

On behalf of Liu Yifei, Liu Xiaoli holds 16% of the shares of Longyou. Putting aside the premise of micro-entertainment, if these 16% shares are merged into Bright Times, the shares will definitely be raised. However, Bright Times has shares in Micro-Entertainment, and the 16% shares merged Instead, pull it down.

With the help of Cao Guowei's paid financial accounting staff, 16% of Longyou's shares were exchanged with the shares of Bright Times, and it would be considered good to get at most 12% of the shares of Bright Times.

Judging from the equity structure of absolute control before Bright Era, Chu Xuan 16%, Wang Jinhua 35%, Li Zhengyi and others 16%, and under the unanimous action agreement, 67% absolute control was reached.

Now Li Zhengtong and others have separated from the group company's equity structure, leaving 16% of the equity to make up for the 12% of Chu Xuan Longyou's equity merger, and Chu Xuan's equity has increased to 28%.

After family discussions, Chu Xuan gave 3% to Liu Yifei, and the final equity ratio between the two was 25% and 15%, ensuring Liu Yifei's absolute right to exercise the third share.

The remaining 4% equity of Li Zhengtong and others was diluted, the 33% equity of shareholders was also diluted by 3%, and Wang Jinhua's 35% equity was diluted by 5%. This is the plan discussed by the shareholders' meeting.

The final result is that in the equity structure of Bright Times Media Group, Wang Jinhua 30%, Chu Xuan 25%, Liu Xiaoli helped Yi Fei hold 15%, and the three of them took 70% in total.

Divided into one, two and three shares, combined with absolute control, meeting the family's expectations.

剩余的30%中，华影集团有龙游4%股份，由原本第五股超越张继忠成为第四股占8%；张继忠股份由影视公司原本的20%股份合并加入总股，为第五股占7%；陈恺歌、唐记里和三大渠道商孟宏伟、郑向东、施明各占3%。

In order to make the decision-making level of the share structure clearer, Chu Xuan, Liu Yifei and Wang Jinhua's total 70% equity was increased to Bright Times Investment, and Bright Times Investment held 70% of the shares of Bright Times Media, forming the former's sole absolute control over the latter. .

In the Bright Times Investment Company, the equity of the three people was expanded according to the original proportion. Wang Jinhua, Chu Xuan, and Liu Xiaoli helped Liu Yifei hold 42.8%, 35.7%, and 21.5% respectively.

As a result, the documents of the highest decision-making level of Brilliant Times will be based on the company seal of Brilliant Times Investment in the future.

The combined shares of Chu Xuan and Liu Yifei exceed 51%. If the couple jointly sign an authorization document to Wang Jinhua, Wang Jinhua will be able to realize that one person has 100% full power to handle all matters of the group company, and no longer has to find any major issues like before. Chu Xuan came to sign and seal it.

Wang Jinhua found it troublesome, and Chu Xuan also found it troublesome. Every time he came back from filming, there were a lot of documents to sign.

Now Wang Jinhua is no longer an individual shareholder, but represents the top executive of an investment holding company. He manages the company in the name of the holding company, rather than in the name of the major shareholder. As long as Chu Xuan and Liu Yifei jointly agree, then there is no need A lot of trivial matters.

This is what the family hopes to see. The main reason is that Chu Xuan and Liu Yifei will be busy with film and television and film and television industrialization in the future. It is okay to manage the company occasionally, but it involves too much energy and is not what they want.

Just like that, it took a few days to sign the documents, clarify the equity, and go through the industrial and commercial changes to make the group's equity structure clearly hierarchical. After handling this matter, it became the matter of the financial trust company.

Each subsidiary reached a financial supervision agreement with the trust company, and Bright Times Media handed over the entire equity, including Weiyu equity and Longyou equity dividends, to the trust company for custody.

After Li Zhengyi and others' original 16% company equity was diluted by 4%, a 12% bonus share pool was formed in the trust company. After they each established a studio and signed an agreement with the trust company, and signed a share-sharing contract with the Bright Times Artist Agency, 12 % bonus share pool will be distributed equally to their basic studio accounts every year.

"Okay, after setting up the studio, think about what to do next. Go back and think about it carefully."

On the afternoon of September 9, in the office of the chairman of Bright Times, Wang Jinhua signed the last document and handed it to Ren Quan.

"Sister Hua, Sister Li, Xiaoxuan, Qianxi, let's go."

"Sister Hua, Sister Li...bye."

"..."

After seeing her brothers and sisters leaving, Liu Yifei spread out on the sofa, leaned on Chu Xuan's shoulder, and sighed: "Finally done."

I have been busy for a week and I am really tired from running around. Fortunately, everything is done now. All the structures and everything of the Bright Times Media Group have been successfully completed.

Wang Jinhua put the pen back into the cap and said: "It's done, a new atmosphere is about to begin."

Liu Yifei sat upright, but she said gloomily: "The new atmosphere has begun, but I will go to New Haven in a few days."

"Don't want to go?" Wang Jinhua smiled.

Looking at Qian Qian's appearance and her behavior these past few days, her relationship with Chu Xuan has reached a new level.

These two guys have only been married for a few days, how can they bear to separate now?

Liu Yifei didn't answer and secretly glanced at her mother sitting opposite.

Liu Xiaoli felt funny. She didn't know her daughter's Xiao Jiujiu. Now she was asked to go to school and she probably didn't have the heart to study. She was definitely thinking about marrying Chu Xuan.

However, asking for leave is not something you should do casually. If there is no precise reason and substantive documentation proving the reason, asking for leave casually will affect your credits.

Just like joining the team to film with Chenglong in the first half of the year, and the Olympic torch in August, it is very simple to ask for leave for things that are meaningful and can bring certain influence and honor to the school's advanced training class.

But now that my daughter is fine and the vacation is coming, there is no reason to ask for leave.

Thinking of this, she was just about to say something to comfort her daughter when she heard Lin Xiaoya hang up the phone and say: "Sister Hua, boss, boss lady, Yang Zhenrong, the manager of Baodao Music Company, is here to visit. I made an appointment with Sister Hed in advance."

Li He helped Wang Jinhua pack up the documents and nodded when he heard this: "Yang Zhenrong is Zhou Jielun's agent. Xiaoxuan and Qianxi called the next day after they proposed and said they had the intention to cooperate in a TV series."

"Zhou Jielun's agent? TV drama cooperation?" Chu Xuan didn't see the relationship between the two for a while.

"Please." Wang Jinhua said. She didn't understand what it meant. The main reason was that Zhou Jielun had nothing to do with the TV series, but the shadow of the famous tree. His agent had an appointment and came from the treasure island in person, so he had to see it. It depends on the situation.

"Collaboration in a TV series?" Liu Yifei thought, it would be great if she could find a reason to take leave. (End of chapter)