Chapter 23: Foolish Investors? Industry Shakeup
In the morning, Han Zhou was in the editing room, watching editing teaching videos and comparing them with the textbooks.
Han Zhou needs to know how to use those functions and he needs a few assistants to help him.
It is too difficult to remember so many shortcut keys. Han Zhou only needs to know the editing method. The best way is to find a few experienced people to operate it.
At this time, a thunderstorm was brewing in Tianle’s board meeting.
Many directors are dismissive.
Tianle was founded by Wang Xiya’s father, Wang Chenlong.
Among those present, one third were employees from the early days of the company, one third were crew members from the production when Tianle was just starting to gain traction, and one third were middle and senior management when Tianle was growing at a rocket-like pace.
Tianle’s biggest problem is that it did not go public during its period of rapid development.
The biggest advantage is that Wang Chenlong owns 52% of Tianle’s shares.
Now, 52 percent of the shares are in Wang Xiya's hands.
The reason why these older generations are so unscrupulous at this time is that the Wang family does not have absolute controlling rights now.
But they soon realized how wrong they were.
Wang Xiya walked into the meeting room and headed towards the chairman's seat.
The people at the scene were still talking about their own things.
When she arrived at the seat, Wang Xiya sat down, picked up a pen, and started turning it in her hand.
Just like when I was a student, staring out the window in a daze.
After a while, a middle-level leader knocked on the door and came in with a stack of documents.
The document was placed in front of Wang Xiya.
Wang Xiya waved her hand and the document was distributed.
Then Wang Xiya spoke up: "After I took over the company's affairs, the first thing I did was to set up a film project independently of the group's main creative team."
After saying that, Wang Xiya paused.
Then he continued: "Someone here invited two scammers to come to me with the most complete information and a pretty good script."
“I invested in this movie.”
"Then the scammer ran away with the money."
"It doesn't matter. I just want to know what's going to happen next."
"But you guys have disappointed me, is that all?"
Wang Xiya leaned back in the boss chair, tilted her head, and tapped the table with her left hand: "Now that the filming of this play has been completed, it doesn't matter how to deal with it."
"The two swindlers went to Myanmar. It doesn't matter. Don't even think about coming back."
"I, Wang Xiya, can send their ashes back to their country, but I don't like to do such things."
“But that doesn’t mean I won’t do anything.”
"This is a merger and acquisition plan, everyone take a look."
At this time, many people looked unhappy.
The plan states that a company called Sky Entertainment is planning to merge with Tianle Films.
Sky Entertainment, everyone is very familiar with it.
Zhang Qingyun, the former top star under Lotte Pictures, and his agent Chen Cai started their own Sky Entertainment after their contracts expired at the beginning of the year.
Now, the plan states that Sky Entertainment is valued at 8.7 billion and will be acquired in full!
The company established at the beginning of the year can be said to be a shell company.
Valuation of 8.7 billion?
Someone smashed the table and stood up, staring at Wang Xiya: “Wang Xiya, do you want to destroy Tianle?”
Wang Xiya sneered: "Tang Jian, you are enjoying your life in Tianle, but you still don't know your place. Are you worthy of trying to trip me up?"
"Sky Entertainment currently has four superstars, seven first-tier actors and singers, and 28 second-tier actors and singers. The contracts they signed are all the highest in the industry. The valuation is 8.7 billion, which is not much."
Some people flipped back to read it and were stunned.
Sky Entertainment now has four superstars, four best actor and best actress, seven first-tier stars, and twenty-eight second-tier stars.
However, these people were all once employees of Lotte!
These are all people who have not signed a contract after their contracts expired in the last two years.
In the past two years, Tianle’s business has been getting worse and worse, its cohesion has been getting weaker and weaker, and a large number of stars have left.
I didn't expect that after going around in circles, they would all gather together.
Even these superstars who are not afraid of being forgotten as time goes by have remained silent after leaving their jobs.
There is no news about the contracts of several first-line stars.
I didn’t expect that they were all in Sky Entertainment?!
Someone immediately understood.
Once a merger occurs, those present must pay money far higher than the value of these shares to stabilize their shareholding ratio in order to keep their shares.
Where did the profits that Tianle lost go?
Obviously, all of it was thrown to all the stars under Sky Entertainment.
Only in this way would these people stand on the side of the Wang family and do such a thing.
In other words, the current merger and acquisition has become the fourth large-scale recruitment of shareholders in the development history of Tianle Group.
Wang Xiya: "Does anyone really think that I would keep watching a movie with a multi-million-dollar investment?"
"Do you really think I'm just a silly movie investor?"
"I don't care about this little money at all."
"Those of you who want to keep your shareholding in the company, take the money."
Someone sneered: "What a good song to remove the firewood from under the cauldron."
Now some of them have understood, and there must be a part of them who have turned to Wang Xiya and agreed to the merger in advance.
As long as they hold 67 percent of the shares, they can force through the merger .
And those who agreed probably don’t need to pay any money to ensure that they don’t lose their shares.
What if they disagree?
Then Wang Xiya will continue to dismiss the stars, teams, and creative groups under Tianle, and transfer these people’s contracts to Sky Entertainment.
Although doing so would lead to investigation, Wang Xiya was not afraid.
Because no one at this table can withstand the scrutiny.
They could only agree.
So now the situation is clear.
"Don't waste time, let's vote." Wang Xiya directly initiated the voting procedure for the merger and acquisition case.
"Three minutes, those who didn't vote will be treated as abstentions."
Wang Xiya is now so arbitrary.
Cut the Gordian knot.
Many people have already voted.
"Let's count it."
Soon, the votes were counted and shareholders holding 71 percent of the shares agreed to the merger.
"Snapped!"
The door was pushed open.
Movie star Zhang Qingyun and his agent Chen Cai walked in.
There was a team of lawyers following behind: "Hey? Hello, bosses."
Zhang Qingyun smiled and said, "Oh no, we are partners from now on."
Some people turned their heads away, some greeted Zhang Qingyun with a smile, and some ignored him.
The group's legal team also entered the venue.
Now, the legal teams on both sides belong to Wang Xiya alone.
The person in charge on both sides is Wang Xiya alone.
The merger doesn’t actually require anyone to have a say in it.
However, the scene still abides by the law.
Wang Xiya: "Now, does anyone want to add shares to maintain their share ratio?"
Tang Jian sneered: "Follow, why not follow."
Wang Xiya smiled and said, "Since you are all veterans of the company, I will allow you to collect the money within half a year and sign the contract first."
Tang Jian stood up, took off his suit, slammed it heavily on the chair, and pulled out a pen: "Haha, come on."
Some shareholders frowned and did not plan to add more money.
Although this would cause the value of their shares to plummet, these people saw a huge problem in the merger and acquisition.
Tianle’s current valuation is 10 billion, and Sky’s valuation is 8.7 billion.
The total amount is 18.7 billion. In order to keep the shares, 87% of the stock price must be invested in the total capital pool.
But! In the current merger and acquisition case, shareholders from Sky Entertainment will hold 40% of the shares.
This 40% shareholding structure is very strange. Is there any cross-over or proxy holding?
If these shares were all in Wang Xiya's hands.
Including Tianle’s diluted shares, Wang Xiya holds 31% of the shares.
After the merger, the shares represented by Wang Xiya personally will account for 71% of the entire group!
This number is too high.
If it was Wang Chenlong, they were willing to believe that Wang Chenlong would not treat them unfairly. After all, this was how they had been living for the past twenty years.
But now, the person in charge of the Wang family is Wang Xiya, and Wang Chenlong is currently recuperating on the South China Sea Island.
After all additional share contracts have been confirmed.
Zhang Qingyun smiled and said, "The merger is complete. I'm going to work. Director Wang, please take your time with the meeting."
Wang Xiya smiled: "Take care, Uncle Zhang."
No one expected that Tianle would undergo such a huge change in just one morning.
and Sky Entertainment merged into the new Tianle Group.
As lunchtime approached, some people were very angry and prepared to leave.
Some people also want to invite others to have a chat.
In short, when the contract was almost finished, everyone was discouraged.
"Director Wang, let's adjourn the meeting. We still have to play golf in the afternoon. If nothing else, we'll leave."
Wang Xiya: “Don’t worry.”
Everyone looked at Wang Xiya.
Wang Xiya stood up: "After the merger, my shares reached 68%."
Many people took a deep breath. As expected, the sky clearly belonged to the Wang family.
Only a few percent of the shares are outside.
It is obvious that several superstars took some shares.
As for other first-tier and second-tier stars, they cooperated with the Wang family in doing this in exchange for cash compensation.
Wang Xiya: "As a major shareholder with absolute control, I initiated the merger with Fuqing Records."
Fuqing Records, one of the top ten record companies in China, is not worth much now, but it is worth billions...
but……
Anyone who is not a fool knows that Fuqing Records must have changed its name to Wang now.
Tang Jian stood up and narrowed his eyes slightly: "Wang Xiya, do you really want to kill Uncle Tang?"
Wang Xiya tapped the table with her fingers: "I won't touch anyone who wants to make money in Tianle."
"No one who wants to take Tianle's power into their own hands will be able to escape."
"Tang Jian, you haven't had many female stars with whom you have had unspoken relations before, but there are still four, right? Maybe there are some who are clean and we don't know about them."
Wang Xiya didn't dwell on this topic too much, but changed the subject: "After the merger, my personal shares will reach 81%."
"Of course, in the new merger, you no longer have the right to increase your shareholding ratio, because this clause has been cancelled in the previous merger."
Someone stood up and said, "Okay, Wang Xiya, I don't know if you are familiar with the entertainment industry, but you are very good at economics. I will just go home and wait for the dividends."
Wang Xiya smiled: "Don't worry, after the new merger is successful, the new Tianle Group will announce a new development plan."
"In the next five years, all project bonuses of subordinate teams will be increased by 20%."
“All shareholder dividends are suspended.”
“I want to concentrate all profits and make the group bigger and stronger.”
Some people are already furious.
After the merger of your three companies with a valuation of nearly 10 billion, you have ranked eighth in the country. If we only count pure film and television companies, you have ranked fourth.
What the hell do you want to do to be so big or so strong?
Go for first place?
Just no dividends?
Someone stood up and said, "Wang Xiya, I said I am your Uncle Niu, do you recognize me?"
Wang Xiya nodded: "Uncle Niu, you say."
Niu Qianyuan: "I have never done anything, and I rely on dividends from shares to support my family. How can Uncle Niu live like this?"
Wang Xiya: "70 million, Uncle Niu, I want all your shares."
Niu Qianyuan thought about it for a moment and nodded: "Okay."
Next, many people want to sell their shares.
Everyone stared at Wang Xiya.
It is impossible for a company of this level to become a sole proprietorship.
Unless Wang Xiya’s plan is to take back the shares of the first, second, and third generation veterans, redistribute the shares, and reorganize the entire management and business team?
“How cruel.”
"Wang Xiya did everything that Wang Chenlong was unwilling to do."
"They cut the Gordian knot quickly, without any news, and directly took over Fuqing, sidelined Tianle, established Sky Entertainment, and then re-merged..."
"This woman... After Tianle is integrated, she should start operating the idol idol system."
"The old ways are controlled by the old people, so it's normal for her to try new things. I just don't know if she can withstand the criticism."
"Don't worry, no ordinary person would know that Wang Xiya is the absolute majority shareholder of Tianle."
The news could not be concealed, and soon, everyone in the entertainment industry knew about the merger of Tianle, Tiankong and Fuqing.
The new Tianle has become a hybrid entertainment company rather than a film and television company.
What’s even more surprising is that this company is almost wholly owned.
Next, Xin Tianle will have a lot of moves!
