Chapter 22 Income Over Million

Chapter 22 Income Over Million
The negotiations ended unpleasantly, and Silver and others left angrily.

After hearing Jiang Heng's profit-sharing conditions, other Hollywood film producers also chose to wait and see for the time being.

However, after learning that the litigation risk of "The Matrix" had disappeared, film producers from Taiwan, Japan, South Korea and Southeast Asian countries rushed to purchase the copyright.

Given that the film markets in these places are not very large, and even Japan and South Korea are somewhat sluggish due to the impact of the financial crisis, Jiang Heng sold the copyright of "The Matrix" by way of buyout.

This includes not only theatrical releases, but also videotapes, television broadcasts, etc., with a total sales of 875 million US dollars.

Based on the current exchange rate of RMB to USD 8.29, it is approximately 7253 million.

As the money continued to flow into his account and more and more money appeared in his account, Jiang Heng became more and more excited.

Because the box office results in mainland China have also come out, 1.43 million RMB.

If we estimate based on the box office performance of the first weekend, it would be difficult for "The Matrix" to achieve this result.

Fortunately, the "script dispute case" later attracted widespread attention from the Chinese people after being selectively reported by the mainland media, triggering a small wave of movie-watching craze, which led to the current results.

However, the film profit sharing has a cycle. If Jiang Heng wants to get the profit sharing income, he has to wait at least three months. If it is slower, it may take a year.

Some companies take one or two years to produce a big production, which is partly because the revenue sharing is too slow to arrive.

Before the film is divided into revenues, it is necessary to pay taxes. After tax deduction, the shareable revenue is about 91.7% of the total box office. Among them, the producer and distributor only get 37%. It was not until the release of the movie "Hero" that the share of revenue for the producer and distributor increased significantly.

That is to say, in early 98, Jiang Heng, as the producer and distributor, received about 33.9% of the total box office revenue, or approximately 4847.7 million yuan.

After deducting 10% of Bonna's publicity and promotion expenses, the mainland share of revenue belonging to Youteng Pictures under Jiang Heng's name was 4362.9 million.

In other words, the copyrights sold so far and the confirmed revenue from the mainland distribution is RMB 1.1615 million, making him a secure billionaire.

Not to mention in Hong Kong, the box office of "The Matrix" has exceeded 40 million Hong Kong dollars, surpassing Jackie Chan's "Who Am I" and Stephen Chow's "The Lucky Guy", and is heading for a box office of 50 million Hong Kong dollars.

In the future, the revenue share from the film’s release will be another considerable source of income.

But what Jiang Heng values ​​most is the North American and European film markets.

These two film markets have large populations, strong audience spending power, and high movie ticket prices, and are the main contributors to the $1 million global box office of "The Matrix 4.6."

Of course, there’s no need to expect those things in Jiang Heng’s version.

Although Wu Aizu and Li Meiqi's original English voices are very fluent, they are Asian after all, and it is very difficult for them to gain recognition from North American and European audiences.

In Jiang Heng's opinion, even if the box office was half off, if he could get 200 million US dollars in global box office, he would already win!

The key issue was the split distribution in North America and Europe, but a group of Hollywood producers wanted to buy out the film and get a bargain, so the negotiations came to a stalemate.

Coincidentally, a film producer from Australia came to buy the distribution rights of "The Matrix".

Considering that Australia's population size is similar to that of Taiwan, Jiang Heng sold all the copyrights of "The Matrix" in Australia, including film screening, videotape distribution, and television broadcasting, for US$500,000.

After the film producers brought the film back, they released it in theaters within a week of promotion. As a result, it broke the local box office record due to its novel story, cool special effects and action scenes. Now, Hollywood film producers could no longer sit still.

While researching the box office performance of "The Matrix" in Japan, South Korea and Southeast Asia, negotiations with Jiang Heng were resumed.

"40% of the box office share can pay 12% of the agency distribution fee!"

"Mr. Jiang, are you kidding? As far as I know, the box office share of this film in the mainland of your country is less than 40%, yet you ask us for so much?" Disney's negotiating representative was so angry that he almost slammed the table.

Jiang Heng was not impatient. He smiled and said, "To be honest, The Matrix has not fully realized its box office potential in mainland China. This is because the audiences there do not have much knowledge of science fiction and computers. But it is different in North America and Europe. They have been influenced by too many classic science fiction blockbusters and can understand and accept this film better. Believe me, once it is released, it will definitely have a dazzling box office performance!"

The Disney representatives remained silent. Of course they knew all this, even more than Jiang Heng, but they were simply unwilling to give the Chinese a share of the box office revenue.

"Mr. Jiang, you have to know that splitting the box office is a very troublesome matter. Not only is the box office statistics troublesome, but the subsequent split income statistics and tax returns are also extremely troublesome. A one-time buyout will completely avoid these risks!"

Jiang Heng laughed, "I'm not in a hurry to make a new film. What's the problem? I just need to hire more lawyers and accountants. No matter how complicated the accounts are, they will be settled. What do you think, right?"

When the Disney representative heard this, his expression instantly turned ugly.

"Mr. Jiang, I will make the final offer on behalf of the company, 20 million US dollars. Even if it is a Jackie Chan film, it is basically this price. According to the current exchange rate, it is 156 million Hong Kong dollars. Are you really not going to consider it anymore?"

Jiang Heng's face darkened. "Then I will express my attitude for the last time. I will give you 40% of the box office share. If no Hollywood company is willing to cooperate, I would rather not release it in North America!"

"Okay, I'll report your attitude to my superiors!"

The Disney representative left in a hurry, and Columbia's representative came again, but after a heated conversation, he agreed to Jiang Heng's conditions.

"Happy cooperation!"

"Happy cooperation!"

At this time, the phone rang again. It was a representative from Disney who called and said that the company was willing to accept Jiang Heng's conditions.

"I'm sorry, I have already reached a cooperation agreement with Columbia Company!"

"Uh, okay then!"

Shortly after hanging up the phone with the Disney representative, Silver from Warner Bros. called, "Jiang Heng, $20 million for all copyrights of The Matrix in North America and Europe, and subsequent script development rights. Consider it. This is our greatest sincerity!"

Jiang Heng was amused when he heard this. This was the nth version of the negotiation content. The efficiency on Hua Na's side was too low!

"I'm sorry, Mr. Silver, I also want to reach a cooperation with Warner Bros. But Columbia's offer is better, and they promised to share the box office revenue. So, let's cooperate again if we have a chance, that's it!"

Before Jiang Heng hung up the phone, he heard a swear word and the sound of a phone being thrown to the ground.

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(End of this chapter)