Chapter 1468 Investing in Newcomers
Just when Lin Daoqiu was preparing to film "The Return of the Great Sage", the 4th Academy Awards was about to enter the awards stage.
In the early preparations, Lin Daoqiu, just like before, threw everything on Yu Cheng's head.
Although Yu Chen has joined Commercial Radio and became the CEO of Commercial Radio, she still serves as the CEO of the Academy Awards Preparatory Committee as in previous years.
Compared with before, the popularity of the Academy Awards in Asia has reached a new high, and it has even begun to slowly spread to other mainstream film markets.
Originally, the reason why these three companies, Golden Harvest, Shaw Brothers, and Dibao, were willing to participate in the Academy Awards was because Lin Daoqiu exchanged benefits with them.
But now both Chow Wenhuai and Pan Disheng have realized that if their stars are absent from the Academy Awards, they will be slowly forgotten by the mainstream market.
Compared with the previous time when they participated in the Academy Awards, they just wanted to support Lin Daoqiu in exchange for some benefits. Now they participate in the Academy Awards because they really want to use the Academy Awards to increase the popularity of their stars.
However, everyone knows that the Academy Awards are hosted by Lin Daoqiu. Under such circumstances, it is almost impossible to get fair and just treatment.
In addition to this kind of film award ceremony, most of the films that can win awards are literary and drama films. It can be said that the proportion of commercial films in the Academy Awards is not high.
If Lin Daoqiu had not stretched out his hand to increase the proportion of commercial films in the Academy Awards, I am afraid that the Academy Awards would slowly become an award for Hong Kong films to enjoy themselves.
"The films nominated this year are all here. Please take a look at them, Mr. Lin."
Yu Cheng was dissatisfied with Lin Daoqiu's attitude at the Academy Awards from the beginning, but now she has become accustomed to it.
She would even be surprised if the other party intervened suddenly.
Lin Daoqiu took the shortlisted list from Yu Cheng and looked through it carefully. Although there were many commercial films shortlisted, most of them were literary and drama films.
In terms of box office performance, commercial films obviously still occupy the mainstream market, while literary and drama films obviously do not perform particularly well at the box office.
Therefore, when it comes to film awards, the judges will intentionally or unintentionally take care of this type of film and award them with awards to show their encouragement.
In fact, Lin Daoqiu couldn't give an accurate answer as to whether this was a good thing or not.
"This year East TV will broadcast the entire fourth Academy Awards ceremony. You have already talked with Huang Xizhao about this matter during this time, right?"
Yu Cheng nodded. Dongshi is a TV station owned by Lin Daoqiu. It is natural for Lin Daoqiu to hand over the broadcasting rights of the Academy Awards to Dongshi. There is nothing surprising about this.
As early as a few months ago, Yu Cheng had met with Huang Xizhao several times to discuss matters related to the broadcast of the Academy Awards.
"East TV has had experience in broadcasting the Academy Awards before. This time, as all the equipment has been updated, I believe that this year's Academy Awards will bring a more outstanding viewing experience to the audience."
After Lin Daoqiu bought Dongshi, he spent a lot of money to update the TV station's related equipment and replaced it with the most advanced equipment in the world.
Compared with wireless, in terms of viewing experience, Dongshi has gradually widened the gap with its rivals.
This is also one of the reasons why the overall ratings of East TV have gradually increased recently, while TVB has gradually declined.
"Is there any movie you liked this year?"
Lin Daoqiu suddenly asked Yu Cheng what he thought of the shortlisted movies.
Although she didn't know why Lin Daoqiu suddenly asked this question, Yu Cheng hesitated a little and still gave her answer.
"I prefer Zhang Wanting's "Illegal Immigration"."
""Illegal Immigration" by Wanting Zhang?"
Zhang Wanting originally asked Yu Cheng for help and approached Lin Daoqiu to get the investment to film this drama.
After receiving the investment, Zhang Wanting returned to the United States to film the film.
When it was later released in Hong Kong, it grossed more than 8 million at the box office. However, compared with the original investment in the film, it was obviously unable to make ends meet.
Fortunately, this drama has attracted some public attention in Hong Kong, so overall Lin Daoqiu does not think that the drama he invested in is a loss.
"Mr. Lin, I am not optimistic about this drama just because I recommended Zhang Wanting to come to you for investment. Regardless of its popularity and box office performance, I think this drama is excellent."
Lin Daoqiu didn't understand why Yu Cheng said this, considering that he originally gave Zhang Wanting one million US dollars to film this movie.
At least the box office in Hong Kong must be at least 15 million, and then there will be some gains from selling in the port, so that it can be called a return on investment.
But now the box office result of "Illegal Immigration" is only 8 million. It is difficult for this kind of movie to get good results when it is sold in the market. Overall, Lin Daoqiu must have lost several million Hong Kong dollars.
"Wanting only spent 2 million Hong Kong dollars to film this movie. She has given the remaining money to me and plans to return it to Mr. Lin at a suitable time."
Yu Cheng had been busy before and had forgotten about this matter. Today, Lin Daoqiu asked her to talk about the Academy Awards. It happened that the movie "Illegal Immigration" was mentioned before Yu Cheng remembered it.
"If that's the case, then you should give the money to her. I think she has high potential in this type of film. I hope she can make more works that will make people applaud."
Lin Daoqiu did not expect that Zhang Wanting did not spend all the money, but only spent less than half of the money to film the film, and it also got such a high box office, which is indeed very good.
Yu Cheng did not expect that Lin Daoqiu did not take the money back. In her opinion, Lin Daoqiu invested the one million US dollars in Zhang Wanting, partly because of her own relationship, and partly to support the new director.
"Then I would like to thank Mr. Lin for Wanting. After all, it is really difficult to get investment for making literary and feature films. It is precisely because of Mr. Lin's generosity that films like "Illegal Immigration" can be born.
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Yu Cheng has personal experience of this kind of thing. If she hadn't been close to Lin Daoqiu, she wouldn't have served as the CEO of the Academy Awards Preparatory Committee.
Even if she is the CEO of a commercial channel, she may not be able to find people to invest in a new director like Zhang Wanting.
"President Yu, please don't praise me. My purpose in doing this is just to make Hong Kong's movies more diversified and not become a single commercial movie market, that's all."
"With Mr. Lin's leadership, I believe that Xiangjiang Film will get better and better. At least judging from the current situation, I don't see any possibility of Xiangjiang Film declining."
Chapter completed!