Rebirth 1981 starts with saving the sisters from the neighboring village.

"By the way, speaking of Zhou Xingxing, there is an important matter concerning him that you can help me with."

"what's up?"

"It's about the expiration of Zhou Xingxing's contract. His agency contract is with Red Star Agency, and it will expire in less than half a year."

"What's wrong? He doesn't want to renew his contract?" Peng Wanhua asked in confusion, "I remember that the contract share of Red Star Economic Company seems to be the lowest in the industry."

There is a natural conflict between agencies and artists over profit sharing.

In the field of celebrity brokerage, the generally harmonious or more common profit sharing is 50-50.

When an artist makes money, the agency and the star or artist each share 50% of the income.

However, this is not the case for all brokerage firms.

Peng Wanhua remembers that in South Korea, the profit-sharing ratio between some brokerage companies and stars was as high as 9:1, which means that the brokerage companies took most of the income, which was simply naked exploitation.

But the approach of Red Star Economy is completely different. The proportion of profit shared by Red Star Economy to artists varies according to their levels, ranging from a minimum of 60% to a maximum of 90%!

That is to say, for every million earned, an artist can get at least 600,000 and at most 900,000.

Red Star Economy basically does not make any money in this regard and tries to pass on the profits to the artists as much as possible.

Therefore, disputes between agencies and artists regarding money sharing have been very rare over the years.

Qin Wanqiu nodded, then shook her head.

"He really didn't want to renew the contract, but it wasn't because of the profit sharing. His movies have been selling well for several years, and he has accumulated a lot of money and connections. He has no shortage of film investment. So, he wanted to go out and set up his own film company."

Generally speaking, Red Star Film and Television Investment often invests in films produced by its artists.

And it’s a re-investment.

This solves the problem of film investment for artists, but it also means that they will take a share of the box office revenue after the film is released as a return on investment.

Although the company does not take money from the artists, it directly takes a cut of the box office revenue, which makes it very uncomfortable for some artists.

If an artist is very optimistic about a movie and originally wants to invest in it himself, but the bulk of the investment is taken away by a popular star and the box office revenue is also taken away, he will be very unwilling.

This is the situation that Zhou Xingxing encountered.

Qin Wanqiu continued, "Plus, the overall environment has been cleaned up in recent years, and the film and television industry is very standardized. Artists will not encounter the same bad things as before, such as gangs. In short, there is no need to take shelter under the big tree of Red Star."

Peng Wanhua nodded slightly.

In that case, he wouldn't think it was a bad thing.

So he smiled and said, "It shows that our efforts in the past few years have paid off. This is a very good situation."

"Don't you feel angry?" Qin Wanqiu asked.

"Why are you angry?" Peng Wanhua asked back.

"After all, Stephen Chow is now known as the "Two Zhous and One Cheng", and almost all of his movies are big sellers.

If we let him go, then we won’t have a good reason to invest and get returns in the future.” Qin Wanqiu said.

Peng Wanhua shook his head slightly. "No, as the leader of the industry, we never use our position to monopolize. You should know the story of the dragon slayer becoming the dragon, right?"

Qin Wanqiu nodded and said, "Of course. In the early days of Hong Kong films, Golden Harvest, Cinema City, and Shaw Brothers shared the market. We have developed step by step from scratch, and have grown stronger step by step. Now we have become the leader in the entertainment and even the entire media field, and have become a company respected by industry practitioners."

Peng Wanhua nodded: "Now, if we restrict some people with ideas from developing, then what difference will the behavior of our original monopolists make?"

"This..." Qin Wanqiu: "What do you mean?"

Peng Wanhua said calmly: "Red Star Films is indeed too big now. Look at Leslie Cheung, Chow Yun-fat and Yi Cheng. Except for Yi Cheng, all other top stars are under Red Star.

Don’t you think that in Hong Kong, except for Red Star, other film and television companies can only eat leftovers and drink leftover soup?”

Qin Wanqiu nodded as if she had understood something. "We are indeed very big now. Basically, in the whole of Hong Kong and even in the Chinese-language film industry, we can't find any rivals even with a telescope."

Peng Wanhua: "For ordinary companies, this may be something worth celebrating and being happy about. But we cannot be so short-sighted. Only healthy competition in the market can promote the further development of the industry.

If only Red Star is left as the dominant force and the rest are left with nothing, then I’m afraid we will soon be on the verge of decline.”

Qin Wanqiu has her own ideas, "But I don't think it will lead to our decline at the moment. After all, our competitor is Hollywood. If a competitor of the same level appears in Hong Kong, it will distract our attention.

Now, we should integrate all our resources and further enhance our capabilities to compete with Hollywood.”

Peng Wanhua said: “Well, your idea makes sense, but we should not use our market dominance to stop someone who has aspirations.

Think about our original intention. Our goal from the beginning to the end is to lead the healthy development of the entire industry. What we want is the continued prosperity of the film market."

The main reason I say so much is that Peng Wanhua feels that, on the one hand, we cannot allow Red Star to remain high above and become a stagnant pool.

If the Red Star curbs the other side for a little benefit, it will undoubtedly be the beginning of digging its own grave.

We need to let some capable people do the work and put more pressure on Red Star.

On the other hand, he admires Stephen Chow very much.

He always respects people who are so dedicated and willing to spend time polishing a movie.

The film industry needs people like this who are serious, dedicated, strict and have high standards in order to drive the industry forward and produce higher quality film and television works.

Therefore, regarding Zhou Xingxing's decision not to renew his contract, Peng Wanhua said he had only one word -

stand by!

When Qin Wanqiu heard this, she was shocked once again by his vision.

At this moment, I couldn't help but nodded in approval, "I understand."

She said with emotion: "You always look at things from a height that people look up to. Your vision is so high that it is impressive!"

Peng Wanhua embraced the plump body of the royal sister, smiled and said back: "In fact, you have done very well.

You have to know that in the 1980s, Wu Xian led media companies such as Sing Tao Daily to dominate the Hong Kong newspaper industry, and she was simply known as the newspaper queen of Hong Kong Island.

The media empire you have created is unprecedented, and you can be called the number one in Hong Kong media. People outside respect you as the media queen."

Qin Wanqiu heard this, and a hint of pride suddenly appeared on her dignified and beautiful face. She smiled and said, "Go ahead and brag about me. Sooner or later, I will be so overwhelmed that I don't know where to go!"

Peng Wanhua nodded seriously, "Okay! Then I'm coming!"

Qin Wanqiu was immediately ashamed, "No, no, that's not what I meant!"