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Volume 8 Chapter 19

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    "There's something you might be interested in."

    After briefly talking about the company¡¯s production plan, Park Youngjun suddenly smiled.

    An Junhe looked over, and the cup he held stopped in mid-air. The golden color of the banquet hall rippled in the cup, "Oh?" He was a little strange.  Park Youngjun looked at him inquiringly and said softly without showing off: "Recently, there are rumors in the circle that Orion seems to be ready to give up his entertainment career"

    Hearing this, An Junhe frowned at first. The entertainment industry is rich in gossip, and rumors are flying everywhere, but most of them are simply unbelievable. Most of them are made-up rumors with unknown origins. It is really a model of three people becoming a tiger.

    But soon, he relaxed his frown slightly. The two were talking about business. Park Youngjun obviously would not suddenly bring up unreasonable gossip. It was obviously a sign.

    Sure enough, he then heard Park Youngjun say: "I attended a private auction a few days ago and received news that an organization is investigating MegaBox's total assets, including 54 theaters in 8 major cities across the country, and all theater chains"

    Listening to what he said, An Junhe slowly put down his cup: "The client?"

    ¡°It¡¯s not clear yet, but the source of the news is relatively reliable, and I¡¯m not the only one who got the news. As far as I know, both CJ.CGV and Lotte Cinema have shown concern about this matter. Obviously this rumor is not groundless.¡±

    "Soit should be confirmed?"

    "Eight or nine are inseparable from ten."

    Park Young-joon has been used to asset manipulation since he started helping Ahn Joon-hyuk manage his career in 2004, so he has a thorough understanding of the basics. And Ahn Joon-hyuk is even more familiar with the game of strings. This news made them  The definite value does not lie in the information itself, but in the confidentiality that the investigative agency has filtered through.

    If nothing else happens, the one who released the news will probably be the Orion Group.

    After all, MegaBox is Orion¡¯s own property.  If it is not listed, it has no obligation to disclose its internal conditions. So when the group itself is ready to get rid of it, the fishhook must be baited to attract fish. Only if enough fish are attracted.  Only when basic conditions that are beneficial to asset owners are formed, the corresponding information will be disclosed to the outside world.

    This is about taking the initiative, without exception.

    An Junhe was silent for a while, then shook his head, "Unexpectedly, it still didn't survive."

    Although I was a little surprised when I first heard it.  But after confirming that the news was basically true, Ahn Junhyuk was not surprised. In fact, this should be expected. It all stems from the decline of the Korean film industry in recent years.

    As early as the year before last, at the end of 2005, MegaBox's business conditions had deteriorated rapidly. At that time, it was the predecessor of J.H Entertainment.  J.H. Studio discussed cooperation with the other party, so he had an in-depth understanding of it and the entire movie theater industry. At that time, MegaBox's operating profit and net profit were only 14.1 billion won and 10.3 billion won, while the sales at that time were 1,000  billion won.

    This revenue ratio is extremely bleak.

    By 2006, its situation became increasingly sluggish, mainly due to sluggish market performance, according to information submitted to An Junhyuk by the company's marketing department at the beginning of the year.  Last year, although the Korean film industry had "The King's Man" and "The Han River Monster" breaking box office records, apart from that, there were a total of 107 films on the big screen throughout the year, and only those with a return rate of more than 50%  There are only 13 movies including "The King", "Hanjiang Monster", "The Love Master", "The Master and the Master", "The Old Man" and "Sweet Horrible Lovers" that have a return rate of 30%.

    The remaining 88 units cannot make ends meet!

    ?MegaBox with 54 theaters.  Sales increased by less than 10 billion won during the year, but due to the increase in publicity and labor investment, as well as additional expenses affected by the poor box office of 82% of released films, its net profit dropped to 8 billion won.

    Profitability is decreasing year by year.  This is an internal worry, and there are also CGV and Cinema on the outside. The three theater chains have formed a triangular competition system. In order to gain a favorable position in the market competition, the three theater chains have tried their best. On the one hand, they have carried out various activities to reduce ticket prices and attract  On the one hand, the audience is also investing heavily in hardware upgrades, such as the currently popular digital transformation!

    Digital transformation does not just require the direct purchase of new equipment. At the beginning of the design of each theater screening room, it was not planned for digital equipment. In order to adapt to the different situations of each theater, a special small digital system configuration plan must be developed.

    Such things are simply a bottomless pit. In fact, compared to the important positions of CGV and Cinema in CJ Group and Lotte Group, MegaBox may already be an unbearable burden for Orion Group, which has relatively weak funds.

    After thinking for a moment, An Junhe asked: "Has the company discussed this matter?"

    "Before coming to Japan, I chaired a meeting." Park Youngjun nodded, "?We believe that we should pay close attention, not only because MegaBox is the theater chain with which we have the most in-depth cooperation, but also because the theater chain it holds more than 400 screens, although it is relatively weak compared to the other two, but  J.H needs this part of the strength to supplement. The predicament at the beginning of the release of "The King" last year left a deep impression on us!  "

    Thinking back to the difficulties faced by theaters when "The King" was released at the beginning of last year, Park Young-joon is still a little embarrassed.

    Except for Ahn Junhyuk, who was inexplicably determined at the time, most of the people, including him, were actually desperate - there was no other way, the movie was finished and edited, so they had no choice but to go ahead and film it.  Park Young Joon had already thought about it at that time. If it failed at the box office, he would take the blame and resign. This would at least protect Ahn Joon Hyuk from being labeled a poisonous person and affecting his life on the big screen.

    ??For J.H and himself at that time, if he could keep Ahn Junhyuk, he would have a chance to make a comeback.

    Fortunately, the ending was happy, but the anxiety and anxiety at that time still had an impact on him. He didn't want to experience that situation again!

    An Junhyuk pondered, he understood the meaning of Park Youngjoon's words - the entertainment company's executives intend to acquire MegaBox.

    From the overall development of the company, this intention is understandable, but after thinking for a while, he still shook his head: "Let it go for now!"

    "Junhyuk"

    Park Youngjun's expression became anxious and he wanted to speak, but was interrupted by An Junhyuk raising his hand: "I understand what you are thinking, but you should also see that the overall development trend of the Korean film industry is getting worse and worse. We are a production company  And distribution companies, we don¡¯t have the operation and management experience of theater chains. If it¡¯s okay in peacetime, but don¡¯t forget, the film quota was just cut last year, what do you think the film market will be like this year?¡±

    Park Young-joon looked confused.

    Ahn Junhyuk sighed, "This is the first year to reduce film quotas. In order to fulfill the agreement, the Ministry of Culture and Tourism must introduce a large number of Hollywood films Do you think the market is ready for the impact of Hollywood?"

    ¡°¡­¡­¡­¡± Pu Yingjun was speechless.

    An Junhyuk didn't need an answer, and immediately raised two fingers, "No! According to my most optimistic estimate, Korean filmmakers need two yearsat least two years of imitation and learning to adapt to the changes in the market.  , and then make changes, in terms of business model, and even in thinking! In the past two years, the entire market will be very chaotic, and there will be no time for us to accumulate experience in how to operate a theater chain company. If it is acquired, this big company will  What should we do with the burden? Can the company afford it under its current operating conditions?"

    Pu Yingjun's heart was shaken by what he said. He was stunned for a long time before he came back to his senses and let out a long sigh.

    He really didn't expect this.

    "You are now the CEO of an entertainment company. Your vision can no longer be limited to J.H Entertainment as before, but you must look at the entire market. You must know how to observe its direction and grasp its pulse." Picking up the wine glass, An Jun  He stood up and pressed his shoulder, "Orion can run a huge Orion brand, and its strategic research department has many far-sighted people. Why did they give up? It's not that they can't be saved. It's just that it's not worth dragging it on. It's not worth it for us.  Say, same thing!¡±

    While deep in thought, I saw him turning around to leave.  Park Youngjoon took a deep breath and asked with a bit of reluctance: "Are we just going to sit back and watch CGV or Cinema continue to grow?"

    In his opinion, if Orion is really ready to get rid of MegaBox, these two competitors are most likely to take over.

    In response to this, An Junhe shook his head and smiled: "No."

    "Why?"

    "Because we have similar visions."

    An Junhe raised his wine glass to him, turned around and left, and his figure soon disappeared into the brightly lit depths.

    ¡­¡­

    ¡­¡­

    It¡¯s May in South Korea, and the spring flowers are in full bloom.  With the cold weather gone and the scorching heat yet to come, the biggest bomb in the entertainment industry is that Orion officially revealed that it is preparing to sell MegaBox.

    Relevant gossip has been circulating in the industry for some time. In early May, after Orion verified the authenticity of the news, people were already mentally prepared, but the film industry was still in a depression because of this.

    The reduction of film quotas last year was a heavy blow to the Korean film industry. The rapid decline in profitability in the following year almost pushed production companies large and small into the abyss. At this time, Orion, which controls one of the three major theater chains,  The announcement obviously made matters worse. For a while, the film industry actually showed signs of doom.

    Affected by this, the performance of the outside world was not very positive. Although CGV and Cinema showed concern at the beginning of Orion's announcement, they did not take any further actions. The entire market was like a pool of stagnant water, sitting back and watching the changes in Orion.  Just some foreigners??Capital has shown limited interest, but unfortunately it is limited by the lack of market potential, and even the slightest interest is limited.

    Even though analysis for various purposes is rampant, some people point out that CGV and Cinema may take over and expand market share, while others believe that MegaBox¡¯s strategic partner J.H Entertainment may use this to increase theater business, and there are even related reports  It is said that 20th Century Fox may use this as a springboard to enter South Korea Under all the noise, it cannot conceal the pessimism that MegaBox is not popular.

    Everything, as analyzed by An Junhyuk, is just that his eyes are not too much on the country, but focused on Japan.

    After protracted communication, J.H Music and Sony Music did not reach a cooperation intention. However, another company came to the door.

    PS: The hard drive is scrapped. I have been rescuing data the day before yesterday and yesterday, but have not been successful. The outline, settings, information, etc. are all in it. For the time being, I can only rely on memory and current information
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