章節 575: Chapter 575: Dominant Table-Flipping
"It is well known that there are many passionate filmmakers and film companies in Hong Kong. After producing films, some of them suddenly lose confidence or cannot afford the guaranteed fees, resulting in films being left to rot in storage rather than being shown in cinemas. It can be said that many excellent films are buried this way."
"Of course, some who could have made a name for themselves missed their chance because of this."
"But!"
"Starting today, everything will change!"
Jiang Zhiqiang's words were firm and resolute, his face stern as he scanned the crowd with determined eyes. The reporters below held their breath, staring at him intently.
At this moment, he seemed to radiate a certain aura, and with a righteous tone, he declared, "From today onward, Global Film Distribution Company will cancel the guaranteed fee system and implement a box office sharing system. Any film can be shown in Global Film Distribution cinemas without paying a single cent in advance."
"Whether a film is good or not will be judged by the audience. Regardless of how low the film's cost is or how unknown the director may be, Global Film Distribution, with the intention of nurturing every dreamer in the film industry, will provide every film with a market opportunity, while we will bear the risk!"
"If a film is well-received by the market, Global Film Distribution will vigorously promote it, even screening it across all twenty cinemas, giving grassroots directors an unparalleled opportunity!"
"Good!"
"Indeed, this is big news, the film industry is changing!"
"Quick, take pictures, the troubles for Shaw and Zhang have begun!"
"No, it's the whole cinema industry that's in trouble. As expected of the stock god's company, always so dominant, flipping the table as soon as they act…"
"Snap snap…"
As Jiang Zhiqiang finished speaking, all the reporters went wild again, snapping photos as if the film rolls were free.
For the next hour, Jiang Zhiqiang patiently answered the reporters' questions and announced that the first film to use the box office sharing system would be *Laughing Fist Strange Moves*, a kung fu film directed and starred by the rising star Chen Long. The film would start screening in all twenty cinemas from midnight tonight.
*Laughing Fist Strange Moves* was Chen Long's film after breaking away from Luo Wei Film Company. Galaxy Film Company held a 50% stake in the film, which was ready for release by the end of February. However, in order to give Global Film Distribution a successful start, the release was deliberately delayed until now.
With almost all media in Hong Kong present and Jiang Zhiqiang personally advertising, the news of *Laughing Fist Strange Moves*' release would undoubtedly spread throughout Hong Kong by tomorrow. Chen Long, who had quietly attended the press conference, felt immensely pleased with his wise decision to delay the release.
After the press conference, a scout sent by Shao Yifu rushed back and reported the situation to him.
Upon hearing the report, Shao Yifu's face darkened, his hand trembling on the table, an obvious sign of his anger.
Fang Yihua, who was familiar with Shao Yifu, quickly tried to calm him down, "Yifu, don't be angry. Have some tea and calm down."
Shao Yifu forced a smile at Fang Yihua, then waved his hand to dismiss his subordinate, before saying angrily, "How can I not be angry? Global Film Distribution is ruining everyone's plans. They have offended all their competitors and are digging their own graves!"
"Yes, yes, I wish they would go bankrupt soon. Such a menace deserves to be destroyed!"
Fang Yihua said, sharing the sentiment.
Shao Yifu remained silent for a long time, then sighed, "Sigh…"
"It's really troublesome. I had suspected that Jiang Zhiqiang was backed by Xia Yu, so I tried to resist, but I didn't expect the resistance to be so accurate. The reality is too painful."
Thinking about the recent months, Shao Yifu's frustration continued to build.
Originally, Li's company was set to gradually exit TVB, and Shao Yifu planned to take over and focus on the television industry. However, after Jia Shi's closure, Global Television emerged rapidly and surprisingly, achieving comprehensive dominance over TVB in just a few months.
Shao Yifu had analyzed the situation thoroughly and did not know where to break through. He knew that TVB would have a hard time regaining its leading position in the television industry in the short term. This severely affected his enthusiasm, and with his cautious nature, he quietly abandoned the idea of giving up on the film industry.
Unexpectedly, as the television industry was being squeezed by Global Television, Xia Yu's hand extended into another of his foundations—the film industry.
And the attack came with thunderous force, directly using money to establish Hong Kong's largest cinema chain. With Xia Yu's ample resources, he chose to flip the table, using the box office sharing system to shatter the decades-long advantages of Shaw Brothers' films.
The advantage of Shaw Brothers was gone, and with capital not matching theirs, now not only was Shaw Brothers' film facing a life-or-death crisis, but it was also a crisis for his own career!
"It seems I have no choice but to temporarily compromise with that traitor…"
Shao Yifu shook his head with a bitter smile, making a decision in his heart.
If he had to slap himself in the face and choose to join forces with the traitor Zhang Wenhuai, who he thought he would never cooperate with, it only showed that Global Film Distribution, or rather Xia Yu behind it, was putting too much pressure on him.
While Shao Yifu was dealing with this, Zhang Wenhuai at Golden Harvest was equally shocked and subsequently terrified upon hearing the news.
Zhang Wenhuai, after discussing with his old partner He Guanchang, decided to monitor the situation with Global Film Distribution while preparing for a temporary alliance with Shao Yifu.
After all, Zhang Wenhuai was just a big fish in the small pond of Hong Kong's film industry. Although people called him the "big tycoon," he knew the gap between himself and the true big players in Hong Kong.
Now, with the stock god's big shark diving into this small pond of the film industry, it was no wonder Zhang Wenhuai was nervous.
Aside from Zhang Wenhuai and Shao Yifu, many other film industry professionals in Hong Kong learned of the news in turn.
Some owners of small and medium-sized film companies were thrilled to hear the news. They immediately inquired with Global Film Distribution Company and then scrambled to dig out their old films, rushing to Global Film Distribution.
Even Jiang Zhiqiang, despite being prepared, was surprised by the crowd of eager directors and owners holding their copies. He quickly had staff distribute the detailed terms of the box office sharing system.
When seeing that Global Film Distribution would take 55% of the box office share, a few directors voiced objections. However, Jiang Zhiqiang clarified the risks and costs, causing the objectors to fall silent.
Even though Global Film Distribution took 55% of the box office share, leaving 35%-37% after deducting other costs was still not much less than what they would get after paying the guaranteed fee.
Moreover, Jiang Zhiqiang was right. Global Film Distribution took on significant risks and assumed what was originally their burden. It was reasonable for them to earn more profits. It was better than letting the films rot in storage.
Perhaps they would soar to great heights?
Thus, everyone agreed, and Jiang Zhiqiang immediately arranged for film reviewers to screen the films. Once approved, Global Film Distribution would sign agreements with the film parties and arrange screenings based on the potential ratings given by the review department.
The next day, newspapers across Hong Kong, without exception, featured the news of the establishment of Global Film Distribution Company on their front pages. *Fengyun Daily* even gave it an exceptionally high evaluation of "Pioneering an Era, Leading the Blooming of All Flowers."
By the following day, the name Global Film Distribution was known throughout Hong Kong and, through the Jiu Ding media channels, had spread across Southeast Asia. Film companies outside Hong Kong would undoubtedly list Global Film Distribution as their top choice for collaboration upon seeing this news.
In the Kowloon Lei family, Lei Juekun, while having breakfast, habitually flipped through the day's newspapers.
When he saw the news about the establishment of Global Film Distribution Company in *Fengyun Daily*, his brows furrowed as he focused intently on reading.
After reading, he frowned in contemplation.
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