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Wang Baoqiang's 2.8 billion guaranteed release

2025-01-08 23:38
2025-01-09 02:32

Wang Baoqiang Company signed a guaranteed release agreement with Happy Media with a guaranteed amount of 2.8 billion yuan. According to the agreement, if the total box office revenue of the movie " Crazy Alien " exceeded 2.8 billion yuan, the investor would receive a 30% share, while the guarantor would receive a 70% share. In addition, the guarantor also obtained the exclusive right to distribute in cinemas in the mainland, Hong Kong, Taiwan and other cities for a period of 10 years. According to the announcement, the movie was expected to be released during the Spring Festival in 2019. The decision to issue this guaranteed release may be because Wang Baoqiang Company hopes to obtain more profits through high-risk and high-return methods. In general, Wang Baoqiang's decision to release the 2.8 billion guaranteed release was probably to gain a greater competitive advantage and higher profits in the film market.

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