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Chapter 155 Reaction, Charity

#President of Alibaba Pictures steps down

#Yu Yongfu takes initiative and acts with dignity

#Alibaba's crushing defeat requires someone to take responsibility.

...

The related trending topic has climbed to the top of Weibo's search rankings, attracting a lot of attention from netizens.

"The difference is indeed quite large."

"The box office of 'This Is Not What I Expected' has been around for so many days and it still equals the box office of 'Hello Mr. Billionaire' on its first day."

"But at least it's a significant improvement over the previous films, it's a pity the marketing methods were wrong."

...

Many netizens started discussing it, and their words were full of regret.

Many netizens are still waiting to see how Alibaba Group will handle this, but there's still no result.

Thinking about it, it's understandable; for Yu Yongfu, this might be the best solution.

Some observant netizens noticed that Teacher Ma's Weibo account had actually reposted the news of his voluntary resignation.

This is very special!

It's quite obvious that Teacher Ma is very angry about this matter.

There's no problem with competing against each other, and there's no problem with using Alibaba's reputation.

The problem is that it was a crushing defeat, that's the key point!

Fan Luyuan succeeded Yu Yongfu; he was previously in charge of the Payment Insurance Business Group.

Perhaps due to the ex's popularity, related resources were quickly dug up by netizens.

Many people are curious whether Fan Luyuan will make any changes to Alibaba Pictures.

However, the change of leadership at Alibaba Pictures has not affected Tencent Pictures.

at the same time!

The roadshow featuring Shen Tengbailu and others has ended, and Liu Yulan has returned to Shanghai.

As for Bailu, she will definitely have to continue her schedule and won't have much free time.

Bai Lu's soaring popularity means she's getting more work.

Including endorsements that were previously suppressed, they are now being contacted again.

Jiang Qiumei must be the busiest, because she is in charge of all these things.

This concerns the studio's interests!

The studio is expected to have a good year, with revenue comparable to many film and television companies.

For example, Jiaxing's profit last year was approximately 1.29 million yuan.

Because of the performance-based agreement, many reporters and media outlets were trying to uncover the information, so it was impossible to keep it a secret.

However, Ranco Studios could achieve this profit by relying on the box office revenue of "Hello Mr. Billionaire".

Not to mention the benefits brought by Bai Lu's soaring popularity, not to mention Tian Xiwei and Chen Keke.

"Mom, how's the roadshow going?!"

Upon seeing his mother, Chen Jingyuan couldn't help but ask her with concern.

"Roadshows are really tough; they're basically non-stop."

"I want to rest every day, but seeing the box office results gives me a lot of motivation."

"Especially Bailu, who was unfamiliar with the event since it was her first time doing a roadshow."

...

Liu Yulan rolled her eyes at Chen Jingyuan and said slowly.

She's not an actress, so she can rest for a couple more days in other cities before meeting up at the next location.

Many actors are different; they can't be absent like Liu Yulan.

Chen Jingyuan could sense that although his mother said she was tired, she was actually very excited.

This box office success directly brought the Chen family hundreds of millions in profit, something Liu Yulan never even dared to dream of.

When Liu Yulan first set up the studio, she thought it was a good idea to serve her daughter.

Especially when her son mentioned that earning a million or two was not a problem, Liu Yulan was tempted.

The only thing I didn't expect was that Lan Ke Studio would invest more and more.

With her son investing approximately 30 million yuan in total, Liu Yulan inevitably faced considerable pressure.

However, with the soaring box office of "Hello Mr. Billionaire", the pressure has been swept away.

Once the film's revenue sharing is completed, the studio's account will have enough funds to last a long time.

Even Liu Yulan seemed unsure how to spend her money.

Buying a house and a car?!

There's absolutely no need; we already have all of these.

As for further expenses, it seems that not that much will be needed.

There is one thing that Liu Yulan needs to discuss with Chen Jingyuan.

"Son, I plan to upgrade the studio into a company."

"What do you think!?"

Liu Yulan and Jiang Qiumei had already had their own ideas, but she still preferred to ask Chen Jingyuan for his opinion.

"Let's upgrade; there are quite a few artists now."

"The number of people involved, including the driver's assistant, makeup team, and personnel responsible for communicating with brand ambassadors and other related staff, is quite large."

"It's more than enough to start a small company."

...

Chen Jingyuan nodded and said, "A studio and a company sound different."

Another advantage is that it makes tax payments convenient, preventing any issues from arising.

There are some red lines that you absolutely cannot cross!

"I will submit the application materials tomorrow."

Hearing her son's approval, Liu Yulan looked quite happy.

There's quite a bit of work involved in upgrading a studio to a company.

It requires submitting a lot of materials, setting up numerous departments, and signing formal contracts with artists.

It's quite different from my previous studio; there's still a lot to keep me busy with.

"Mom, I'm planning to set up a charitable foundation."

"A portion of the profits from 'Hello Mr. Billionaire' will be used for this project."

"We will make some donations based on the company's profits in the future."

...

Chen Jingyuan talked to his mother about charity.

He had already decided on this beforehand!

However, since the results of "Hello Mr. Billionaire" were not yet available at the time, it was meaningless to talk about a charitable foundation.

After all, my mom and the others are worried about the box office results; whether they can even break even is a question.

Investing in charitable foundations is pure fantasy.

A charitable foundation?!

Liu Yulan was slightly taken aback, seemingly not expecting her son to bring up this idea.

And it seems they've had this idea for a while now.

"Celebrities do earn a lot."

"It's easy to attract some controversy, so charity is the best way."

"This personal charitable foundation does not intend to raise funds publicly, but will instead invest a portion of Ranco's profits."

"Even a few million a year can help a lot of people."

...

Chen Jingyuan explained his reasons for creating this charitable foundation.

It's not just about doing good deeds, but also about providing more security for the future.

"I didn't say it's not allowed; it's fine for charitable purposes."

"Now that I have money, I should definitely help some people."

Upon hearing her son's explanation, Liu Yulan hurriedly spoke up.

She hadn't thought about charity before and didn't realize it at first.

Hearing her son's reason, she felt that charity was truly a good thing.

Although it's a bit painful to spend the money, the profits from "Hello Mr. Billionaire" are indeed quite high.

Based on current calculations, the revenue could very well reach 1.5 million.

With the mother and son agreeing, the matter was basically settled.

Managing a charitable foundation requires finding a professional, and each charitable project must be carefully reviewed.

Chen Jingyuan still hopes that the money can be used for those who truly need it.

For the next few days, my mother, Liu Yulan, was busy upgrading her studio.

Finding lawyers and headhunters, recruiting talent, and so on will keep you busy.

However, there is good news in late May.

"Hello Mr. Billionaire" surpassed "Monster Hunt" with 24.4 billion yuan at the box office, becoming the second highest-grossing domestic film.

Although it's only temporary, it's still a milestone for "Hello Mr. Billionaire".

#The Richest Man in Tomatoes is the Second Domestic Film

The related search terms have reappeared on the trending list. At this stage, it's not bad to be on the trending list again.

Perhaps some netizens will see it and go to the cinema to watch it again.

In addition, the venue for the celebration banquet of "Hello Mr. Billionaire" has been decided.

Choose Shanghai!

Both Tencent Penguin Pictures and Tencent Pictures are currently headquartered in Shanghai.

Lan Ke Studio goes without saying, as it's mostly based in Shanghai.

After all, the studio's resources all came from Chen Jingyuan, so there was absolutely no need for them to go to Yanjing.

Brokerage firms typically operate in Beijing because there are many projects there that are easier to negotiate.

There's no need for this at Lanco Studios.

The reason for holding the celebration banquet at this time is to generate more buzz.

Judging from the current situation, "Hello Mr. Billionaire" really has a chance to reach 30 billion yuan at the box office.

We should naturally give them more support, even if it's just to increase box office revenue.

For many investors, they have already made a fortune.