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Taiwan Entertainment 1971 672 [Investment in Carmichael Cinemas]

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    Michael Patrick is the second largest shareholder of Carmike Cinemas in the United States. The largest shareholder of the cinema is his father, Carl Patrick. The name Carmike Cinemas comes from the combined names of his father and son.

    "Mike, where is my black V-shaped halterneck?" came the voice of his wife Feili from the back room.

    "How do I know, damn it!" Michael Patrick, who was only in his early 30s, cursed in a low voice. He had just been watching Zachary Wang's interview with reporters after the Oscars, but he was interrupted by his wife at a key point.

    The current Carmike theater chain has only been established for three years, and it is not the fourth theater chain in North America.  Due to its unique development route, it specializes in building theaters in communities and towns with less than 200,000 people. Therefore, it has not been suppressed or excluded by other large theater chains until now.  Because these small community movie markets are not taken seriously by the large theater chains at all, they all think that the Carmichael father and son are playing a child's game.

    In three years, Carmike Cinemas has grown from more than a dozen theaters to more than 80 theaters today. The development speed is extremely amazing.

    Although the Carmike theater chain has developed rapidly, it has now reached a bottleneck.  Because the audience resources in small communities are limited, costs must be reduced in various ways, such as reducing publicity fees, decoration fees, management fees, using old screening equipment, etc.

    This low-cost method of expenditure makes the theaters under Carmichael Cinemas look relatively shabby, and the efficiency of returning funds is very slow.

    Since it is a small community cinema, you will lose money if you are not careful.  Therefore, Michael Patrick and his son must be cautious when operating.  The father is responsible for the management and expansion of the theater chain, while the son is mainly responsible for paying attention to market trends and ensuring that the movies shown in his theaters are as blockbuster as possible.

    Michael Patrick is now focusing all his energy on the market, such as the Chinese director who is popular all over the world. Every word he says has been carefully studied by Michael.

    ¡°Ding-ding-ding¡­¡± The phone in the room suddenly rang, and Michael Patrick picked up the phone and said, ¡°Hello. This is Michael.¡±

    ¡°Mike, I¡¯m your dad, come to the company right away!¡± Carl Patrick¡¯s voice came from the phone.

    "Which movie theater had an accident?" Michael Patrick heard his father's tone of urgency.  asked quickly.

    "No, Zachary came to the company." Carl Patrick said.

    "Zachary?" Michael Patrick looked at Wang Zijun talking on the TV and thought, could it be the Chinese director?

    Carl Patrick said: "King Zachary. Mr. King of the World."

    "Okay, I'll be there soon!" Although Michael Patrick didn't know what Wang Zijun was doing at his theater company, no matter what, Wang Zijun's arrival was an opportunity.  He picked up his coat and ran outside, shouting to his wife without even turning his head, "Feili, I have something to go to the company."

    As the car was speeding down the street, Michael Patrick kept thinking about what Wang Zijun was doing at Carmichael Company.  Talking about the release of the film?  There is no need to trouble Wang Zijun to come in person for such trivial matters.

    ¡° Could it be Michael Patrick suddenly had a guess in his mind that was very close to the truth.

    Half an hour later, Michael Patrick arrived at the headquarters of Carmichael Cinemas Company.  It is said to be the headquarters, but in fact it is just a few office spaces rented in an office building.

    Adhering to the simplicity and shabbyness of its theater chains.  Even the company headquarters is like this.  In fact, the development of Kaimike Theaters in the past three years has not been smooth sailing. At the worst time, the father and son had debts of more than 6 million US dollars. All the partners who had just been established by the theaters withdrew their capital and left, leaving only  The father and son are struggling.

    Even now.  Michael Patrick still owed a lot of money to the bank, and all the money earned from the theater chain was used for expansion. He was even a little nervous about daily expenses.

    The reason why they are so eager to expand is because the father and son believe that the movie market in small communities is still blank, and Carmike Cinemas should do this when other cinemas do not pay attention to this area.  Quickly open up the situation and build enough theaters.

    Walking into his father¡¯s office, Michael Patrick saw Wang Zijun drinking coffee and chatting with his father. The two seemed to be telling a joke, and both laughed.

    ¡°Here comes Mike,¡± Carl Patrick said.

    Wang Zijun turned around and stood up, stretched out his hand towards Michael Patrick and said: "Hello, Mike. Well, can I call you this?"

    "Of course, it's my honor." After shaking hands with Wang Zijun, Michael Patrick found a seat to sit down and asked, "You two seemed to have a pleasant chat just now."

      "Yes, I was just talking about jokes about the British with Mr. Patrick." Wang Zijun smiled.

    After chatting for a while, Carl Patrick said to his son: "Mr. Wang wants to invest in Carmike Cinemas. I want to hear your opinion, Mike."

    "Investment?" Although Michael Patrick vaguely guessed Wang Zijun's purpose, he was still a little surprised at this time and asked, "Why would Mr. Wang think of investing in Carmichael? With your financial strength, you can definitely acquire those large companies."  Cinema.¡±

    Wang Zijun smiled and said: "Mike, don't belittle yourself. If we look at the number of theaters alone, Carmichael Cinemas can already be ranked among the top twenty theaters in the United States."

    Michael Patrick smiled mockingly to himself. He knows his own business. Most of his more than 80 cinemas are small single-screen cinemas. The only few multiplex cinemas only have two or three screening rooms in a single cinema.  Compared with the luxurious multiplexes of those cinema giants, Carmike Cinemas is a beggar.

    "How much money is Mr. Wang prepared to invest?" Michael Patrick asked.

    Wang Zijun stretched out a finger and smiled at Michael Patrick.

    "10 million dollars?" Michael Patrick was delighted. This ten million dollars is life-saving money. With it, Carmichael Cinemas will get through the most difficult period.

    Wang Zijun shook his head and said, "It's 100 million."

    "What?" When Michael Patrick heard this number, he jumped up in shock.  He looked at his father in disbelief.

    Carl Patrick nodded towards his son. When he heard this number before, his reaction was not much better than his son's.

    Michael Patrick realized his gaffe and quickly sat down and asked: "Mr. Wang, US$100 million is more than enough to buy the entire Carmichael Cinemas. Do you want to completely acquire us?"

    If Wang Zijun really wants to acquire the entire theater chain, Michael Patrick is already interested.  Because those 80-plus broken theaters are worth at most $20 million.

    ¡°No, I¡¯m just investing,¡± Wang Zijun said.  "I only want 85% of the shares of the theater chain company. As for the remaining 15%, it is up to you to negotiate and distribute it. I have only one request. That is, I hope that the US$100 million in capital I have injected can be transformed into a physical cinema as soon as possible.  .¡±

    "Why? Why choose us instead of acquiring other theater chains?" Michael Patrick felt a little uneasy when faced with this pie falling from the sky.

    Wang Zijun complimented a little: "I very much agree with Mr. Patrick's theater business philosophy, and think that the small community movie market has a very bright future. As for acquiring those large theater chains, to be honest, I can do it with my money. But that  It will cause a lot of trouble. The major Hollywood giants are already hostile to my company. If it arouses the anger of the theater chain companies again, it will be really troublesome. But your theater chain is different. Several major theater chains are not at all  Without paying attention to the small community film market, we can expand as much as we want in the next few years, as long as there are enough funds." Wang Zijun smiled, "You have the ability to operate and expand, and I have the funds. This is a perfect combination. Isn't it?  "

    Michael Patrick had various thoughts running through his head. Although he was a little reluctant to have 15% of the shares combined for the father and son, he still couldn't withstand the temptation of 100 million US dollars.  Now with this US$100 million support, the development time of Carmichael Cinemas can be shortened by at least ten years.

    Michael Patrick glanced at his father, and the old Patrick nodded gently, obviously they had the same idea.

    "I have to say. Mr. Wang, your proposal is very tempting." Michael Patrick said, "But the distribution of shares needs to be further discussed."

    Wang Zijun said categorically: "No, I only want 85% of the shares, which is a very big concession. This is 100 million U.S. dollars. If you don't agree with this plan, I think I have 100 million U.S. dollars in my hand, and many people are willing to do so."  Cooperate with me.¡±

    "Can you let me think about it?" Michael Patrick said.

    Wang Zijun said: "Of course, but you only have 16 hours to think about it. I will go back to Asia tomorrow morning. If you don't give me a reply by then, then I will give the money to my subordinates in Asia.  He will use the money to build theater chains in the United States. By then, we will no longer be partners, but competitors, because I am also optimistic about the small community film market."

    Wang Zijun stood up to say goodbye. The father and son looked at each other. Old Patrick suddenly stood up and pulled Wang Zijun. He smiled and said: "Mr. Wang, why are you in such a hurry? It's settled. Let's find a lawyer to draft a contract!"

    "Wise choice!" Wang Zijun showed a bright smile on his face.

    With the ability of Patrick and his son, thenCoupled with Wang Zijun's abundant funds, Carmike Cinemas will definitely develop more smoothly than in the parallel space. In a few years at most, it can become the top five cinema chain companies in North America.

    Wang Zijun¡¯s investment in Carmichael Cinemas was not a whim. In addition to making money, his deeper purpose was to pave the way for the distribution of Chinese-language films in North America.

    If you want to distribute a large number of Chinese-language films in the United States, it will be very difficult if you don't have your own theater chain. What films can be distributed, when they will be distributed to you, and when your films will be released, the initiative is all in the hands of others.  inside.  After winning the Carmichael Theater, Wang Zijun's plan will become more convenient.

    Of course, Wang Zijun can¡¯t go too far.  For example, when there are popular movies released, it is impossible for Wang Zijun to force the Patricks and his sons not to show those popular movies, but to switch to Chinese movies with fewer audiences.  It can only be said that while ensuring the interests of theaters as much as possible, more Chinese-language films will be screened and the Chinese-language film market will be slowly cultivated in North America.

    Because of the investment in theaters, Wang Zijun stayed in the United States for more than a week.

    Today¡¯s Carmike Cinemas has not yet been listed on Nasdaq, otherwise Wang Zijun¡¯s investment will definitely make Carmike¡¯s stock grow wildly.  The transactions between the three of them were carried out in secret, mainly to avoid attracting attention. If some smart people valued the small community film market and came to compete, it would not be fun.

    For more than a week, the three of them have been locked in the room discussing the future development plans of the theater chain.  First, the theater chain's operation and management model was formulated, which roughly followed the low-cost business philosophy of Carmichael Cinema Line. At the same time, Wang Zijun also proposed some theater chain management methods for later generations.

    ??Then based on the survey data in hand, we will formulate the expansion route of Carmichael Cinemas: first, launch the chain of theaters in the United States as soon as possible, gradually expand to Canada after three years, and begin to develop in Latin America after five years.  It is estimated that by around 1990, Carmichael Cinemas will have 300 cinemas and 1,500 to 2,000 screens.

    "Wang, I wish us a happy cooperation!" Carl Patrick, who was in his 60s, raised his glass.

    Wang Zijun raised his glass and said with a smile: "I also wish Carmike Theater Chain success in its development and becoming the leading theater chain in North America."

    Michael Patrick was much more passionate, shouting: "For Carmichael!"

    "cheers!"

    "cheers!"

    The three of them raised their heads and drank. Wang Zijun put down his glass and said, "The movie "New Shushan Swordsman" I invested in Hong Kong will soon be ready to enter North America. This is a large-scale oriental fantasy production, and I think it should have a market in the United States.  You two can give it a try."

    "No problem." Carl Patrick immediately agreed. Anyway, it is the off-season for movies. Even if the Chinese film recommended by Wang Zijun fails, Carmichael Cinemas will not suffer much loss.

    Michael Patrick said: "Wang, to be honest, except for kung fu movies, it is difficult for Chinese-language movies to sell at the box office in the United States. Jack Chen, who worked with you on "Food Truck", released on Christmas Day  "Xx," a humorous action film, did not sell very well, only selling for just over 10 million. And I heard that the investment budget for this movie was only 5 million US dollars."

    "Of course I know." Wang Zijun said with a wry smile. Wang's Pictures invested US$3 million in this movie. Fortunately, there is still an Asian market to support it. Otherwise, Cheng Long's "Xxx", which was produced due to the butterfly effect, would  Let Wang's Pictures suffer losses.

    Wang Zijun said: "Jack Chen is a very good actor. I think he will definitely be successful in the United States, and the same is true for Chinese-language movies." (To be continued)!  ~!

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