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Text Chapter 531 Shameful Waste

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    "As for the issue of sole proprietorship, let's just talk about it here. As long as Mr. Li's projects in our country do not violate the law, then we will not have any ideas about Mr. Li's industry." Since Li Mingbao has said it so thoroughly  No, Lao Wang doesn¡¯t want to continue to struggle with this issue. How can Lao Wang continue with something that is bound to be fruitless?  "Of course, for businessmen like us, any industry in any place will comply with local laws and regulations. Whether it is an industry in Hong Kong or an industry in the United States, I will abide by such rules. So what if it is in mainland China?"  There may be exceptions. So let me talk about my requirements for theaters now so that the mainland can be prepared. After all, this investment is not a small amount. I still want to let you know the general details.  ¡± Li Mingbao said.  "Then I will listen to Mr. Li's requirements for theater chains. As long as they can be met, our country will have no shirk." Lao Wang said with certainty.  "In fact, I have some experience in the construction of theater chains in Hong Kong, but the experience in Hong Kong is not so suitable for the mainland. After all, Hong Kong is too difficult for the mainland.  Although we have greater economic advantages, we certainly cannot achieve the same results in other aspects. It is like our joint cinema chain can create more than 100 cinemas in Hong Kong, but it cannot be done in mainland China.  Maybe this way, no matter which city it is, it is impossible for the mainland to accommodate so many cinemas. In fact, even the United Cinemas in Hong Kong are over-capacity for Hong Kong, especially our United Cinemas.  Each of the new cinemas has at least four screens. This has caused the embarrassment of redundant construction. That is, there are too many screens, far exceeding the market capacity, in order to get rid of the embarrassment of not making money.  , we will create a distribution port. Although this matter is a good thing for the entire East Asian film market, so that all East Asian films can have a place to circulate, but in fact, we created this at the beginning.  For Uncle Liu and others, the purpose of moving to Hong Kong is to get rid of the embarrassment that the market cannot accommodate it. With the current level of financial prosperity in Hong Kong, it cannot support such a large market, let alone these cities in mainland China.  It is obviously unrealistic to have more than 100 cinemas in each city. If we want to fully utilize the functions of all cinemas in the theater chain, these cinemas will inevitably be scattered, even in places like Beijing.  In my plan, I will not open more than ten movie theaters, and in second-tier cities, there will be no more than five. In short, my plan is to build a total of 300 movie theaters in the mainland.  Cinemas, in this way, can maximize the functions of cinemas and avoid waste problems," Li Mingbao explained seriously.  The prosperity of Hong Kong movies was originally an anomaly. At the beginning, more than 100 cinemas were opened. It seemed that everyone was rich and powerful, and they occupied more than 90% of the entire Hong Kong movie market in one fell swoop.  But the cost is also huge. Without the screening capacity of Hong Kong's diversion screens, it is simply unrealistic to make cinemas operate at full speed by relying solely on Hong Kong's local market. In the end, half of the cinemas will be able to work normally.  This is already the best choice. As for the other half, it will either continue to bleed, or it will be directly demolished and replaced with other industries. It is simply impossible to make money from movie theaters.  Fortunately, with the circulation port, we can turn passivity into initiative, which can be regarded as reducing the burden on bosses like Li Mingbao.  But this kind of construction has also taught people like Li Mingbao a profound lesson. The more cinemas are built, the better. There must be a clear plan to avoid building something that far exceeds the market capacity.  That way you can't blame others if you lose money.  With this lesson, Li Mingbao will naturally be more cautious when building movie theaters in mainland China. Even in places like Beijing, Li Mingbao does not plan to build many movie theaters. Ten movie theaters are already quite saturated for the current capital.  Well, in this era when everything outside the Second Ring Road is considered a suburb, it doesn't make any sense no matter how many cinemas Li Mingbao builds. In the future, more cinemas may be built due to the expansion of the capital.  But that will happen in the future. At least for now, or even within ten years, Li Mingbao does not plan to build more movie theaters. The establishment of such movie theaters will be a complete loss-making business.  Of course, if Li Mingbao plans to acquire more land and build these cinemas, it will not be considered a loss.  "But with Li Mingbao's current status in the mainland, if he wants to acquire land, he doesn't need to use the guise of a movie theater to buy the land directly."Just come here. His current conditions are better than Li Chaoren, so why make a mistake?  Even if Li Mingbao had enough money, he could help the mainland build highways. This is the real money-making business. Once a fee is collected, it will last for decades. The profits of movie theaters are completely worth mentioning on these projects.  But Li Mingbao has no plans to change his career now. It would be better for him not to touch these things and develop the entertainment industry honestly. His final achievements will not be low, so why grab the money that is destined to cause chaos?  At this time, Lao Wang never imagined that Li Mingbao's thoughts would spread so widely. He was just talking about the construction of theater chains, but he suddenly spread his thoughts to the issues of land and highways.  I have to say that sometimes Li Mingbao's thinking is really broad.  Fortunately, Li Mingbao only had some thoughts, and the generation of these thoughts only took a moment.  Even Lao Wang, who was sitting opposite Li Mingbao, didn't feel it at all, let alone what Li Mingbao was thinking. At this time, Lao Wang was already frightened by Li Mingbao's handwriting.  Lao Wang has long known about the investment amount of 300 million U.S. dollars, so it is not surprising at all. What scared him was that Li Mingbao said that with this 300 million U.S. dollars, 300 cinemas would be built in the country.  "Three hundred cinemas, if placed in Hong Kong, will definitely collapse the Hong Kong film market. Even for the most popular movies, the attendance rate may reach 30%, which is considered good news.  " But if these three hundred cinemas are to be placed in the mainland, and they cover the entire mainland market, then these three hundred cinemas are really not too many, let alone not too many. It is not an exaggeration to describe them as a drop in the bucket.  ¡°Three hundred cinemas placed in the mainland market are like spreading pepper noodles, and perhaps even all first- and second-tier cities will not be satisfied.  Originally, Lao Wang thought that if Li Mingbao invested the US$300 million, he would build about a thousand cinemas, but he did not expect that Li Mingbao would build 300 cinemas.  Isn¡¯t this a joke?  What role can 300 cinemas play?  What's more, it takes 300 million US dollars to build 300 movie theaters. Isn't your Li Mingbao's investment in one movie theater equivalent to one million US dollars?  When did such a luxurious cinema appear in mainland China?  Although this investment was made by Li Mingbao, he also provided the money.  The mainland should not have interfered with anything in the first place.  But Li Mingbao¡¯s construction of a movie theater in this way is really a waste. Lao Wang has never imagined what a one-million-dollar movie theater will look like. When such a movie theater is built, the tickets will still cost a dime, and God knows how many years it will take.  Just get your money back?  This is not the most important thing. The problem of Li Mingbao's repayment is already difficult. The key is how many people in mainland China can afford such a cinema?  This is the important thing. Although Li Mingbao's purpose of building a movie theater is nothing more than to make money, the mainland does not have other ideas for this project.  The domestic entertainment industry is currently underdeveloped, especially things like cinemas. To be honest, it cannot meet the needs of the people.  However, since the mainland's investment in this area is not large, there is not so much money to meet everyone's needs. It happened that Li Mingbao was building a cinema at this time, and the mainland still has high expectations for this cinema chain.  Three hundred million U.S. dollars may not be considered a large sum of money for the entire mainland market, but according to Lao Wang's ideas, or in the thinking of the entire mainland's top executives, the cinema built with $300 million must at least solve the problem.  A large part of the people's needs are met. Although Li Mingbao makes money, the mainland people should also see something that is beneficial. It makes people happy, and it is also a kind of welfare.  But if Li Mingbao is to do this, just build 300 cinemas, let alone satisfy more people. Even if it is to meet the needs of the people in first- and second-tier cities, it will not be easy. What the mainland needs most now is not high-quality cinemas, but  It is a large-scale cinema.  This will not only satisfy the spiritual needs of the people, but also make the mainland's film market more dynamic. In other words, some political needs that could not be met before can also be achieved through Li Mingbao's cinema. Don't forget, many mainland movies  , are all very political. In the past, in order to show these movies, an open-air environment was often required. In terms of comfort, there is no way to compare with cinemas.  Now that we have such an opportunity to improve the environment of the cinema, even if it is Li Mingbao's sole proprietorship, it is an achievement, right?  But Li Mingbao only has 300 cinemas. How can this satisfy everyone's needs?  Isn't this nonsense?  Therefore, Lao Wang couldn't help but said with a wry smile: "Mr. Li, Boss Li. You said US$300 million is enough to build 300 movie theaters? This is not appropriate. Basically, it is equivalent to US$1 million to build one movie theater.  .I don¡¯tI don¡¯t know how much it costs to build a cinema in Hong Kong. Anyway, in our country, the establishment of a cinema does not require that much money at all.  Such a large amount of money can only be used to build one cinema, which is a complete waste.  You can't spend it like this if you have money, right?  "
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