If Tangde Film is unable to turn a profit in 2020, it will be a delisting crisis waiting for it.
Editor’s note: This article comes from the WeChat public account “Every movie” (ID: meijingyingshi) , the author is a reporter.
Through a series of “black swan” incidents, Tang De Film and Television still did not give up “Ba Qing Biography” (formerly known as “Win the World”).
Tang Tak Film and Television announced recently that after friendly negotiation with Tmall, the two parties ’agreement on” Winning the World “has changed, mainly about the amendment of multiple deadlines for the TV series” Ba Qing Biography “. As of July 15, 2020, if Tangde Film and TV fails to complete the modification of the play and has not been approved by the radio and television department and approved for broadcast, then it will not only return the full cost of “Baqing Pass” paid by Tmall Technology , Will also bear Tmall Technology’s 135 million yuan default liability in accordance with the previous agreement.
No one expected that the blockbuster project “Baqing Biography”, which had been invested in a huge amount of money, demonstrated the risks of the big IP film and television drama to the extreme, and became the biggest “water inverse” of Tangde Film and Television in recent two years. It drags down the company’s performance and triggers a chain reaction.
Thanks to a loss of more than 900 million in 2018, Tangde Film and Television still has a loss in 2019 although its loss has narrowed.
For Tang De, who has lost money for two consecutive years, 2020 is crucial. If Tangde Film and Television still cannot turn a profit in 2020, then it will face a delisting crisis. As of press time, Tang De Film’s stock price was 4.75 yuan, with a market value of only 2.007 billion yuan.
60 million replacement starring shots, Gao Yunxiang was found not guilty, “Baqing Biography” will be released on the blog
Waiting for “Baqing Biography” for nearly four years, finally new news came.
On March 22, Tangde Film and TV announced that the company had reached a friendly agreement with Tmall and the two parties reached an agreement to decide on the agreement agreed in the “Supplemental Agreement II of the TV Drama” Win the World “Information Network Dissemination Right Purchase Agreement” The time limit for drama modification and delivery was adjusted, and the “Supplement Agreement No. 3 of the Purchase Agreement for the TV Drama” Win World “Information Network Transmission Right” was signed.
Still pictures of Fan Bingbing. Source:” Television Ba Qingchuan “official Weibo
The two parties reached consensus and agreed to change the time limit for the play agreed in the “Supplemental Agreement II” from “Before December 31, 2019” to “Before April 30, 2020”, and the broadcast period of the play ( Mastering) was changed from “Before March 31, 2020” to “Before July 15, 2020” (including broadcast platforms such as Internet and TV stations). For example, before July 15, 2020, Tangde Film and Television had promoted the show to be approved by the national radio and television department and approved for broadcast, but due to Tmall technical reasons, the play could not be arranged to be performed on Tmall technology before July 16, 2021. If the designated media broadcasts, after July 16, 2021, Tangde Film and Television will no longer assume the guarantee of broadcasting; if as of July 15, 2020, Tangde Film and Television fails to complete the modification of the play and has not been approved for broadcast , Tangde Film and Television shall bear Tmall Technology’s liability for breach of contract in accordance with the supplementary agreement II.
However, according to the previous announcement information, in the latter case, Tmall Technology has the right to cancel the supplementary agreement and the previously signed purchase agreement. Tangde Film and TV shall return all the costs of “Win the World” that Tmall Technology has paid, and press Thirty percent of the total license fee for the show is responsible for breach of contract with Tmall Technology. On October 25, 2016, Tang De Film and Tmall Technology signed an agreement authorizing “Win the World” for a single episode of 8 million yuan, and a total of 480 million yuan for a tentative episode of 60 episodes. From this calculation, if before July 15, 2020, “Baqing Chuan” has not obtained the broadcast permission, Tangde Film and Television not only has to return all the 480 million yuan of “Baqing Chuan” paid by Tmall Technology, but also To Tmall Technology to bear 135 million yuan of liability for breach of contract.
In addition, the two sides also agreed to extend the period of autonomous exercise of the “Global, Permanent and Exclusive All-Media Play Rights and Sublicense Rights, and Rights Maintenance Rights” obtained by Tmall Technology in the Supplementary Agreement II from “2020 “Before March 31, 2010” was changed to “Before July 15, 2020”.
Dong Xuan and Gao Yunxiang make their debut in couples. Image source: “Anaya romance” video official Weibo
The release of Ba Qing Biography, which has attracted a lot of attention since the beginning of the filming, has been very rough. Starring in Gao Yunxiang and Fan Bingbing, negative events have occurred, making “Baqing Biography” from the fragrant tea in the hands of Tang De film and television into a hot potato.
Tang De Film first decided to change the male lead, that is, through “cutout”, Li Chen replaced Gao Yunxiang’s drama, but 2