sinovels Chapter 407 "Boonie Bears" Released
Chapter 407 "Boonie Bears" Released
Friday, October 16th.
"Boonie Bears: The Big Adventure" has officially premiered in theaters nationwide.
The promotional campaign for this film began in mid-June.
Wu Zhen held the premiere at Beijing Xinghe CBD Cinema, inviting hundreds of parenting bloggers with their children to watch the film. The theater was filled with chattering children and their parents.
After the screening, the children rushed out of the theater, their faces flushed with excitement, grabbing their parents' hands and clamoring to watch it again.
The parents' expressions changed from "watching an animated film with my child" before entering the theater to "this film is actually quite good."
Word of mouth began to spread that very evening.
The hashtag #Boonie ...
The top comments section is full of photos of parents taking their children to see the movie two or three times. Some are showing off their movie tickets, while others are showing off their children posing with Xiong Da and Xiong Er plush toys.
It received a 7.4 rating on Douban.
For an animated film aimed at young children, this score is quite high.
The box office figures for the first day were released at 10:00 AM on Saturday.
Forty-three million.
When Li Mo rushed from the fourteenth floor to the twenty-eighth floor, he was holding a newly printed box office data report in his hand, and his expression was like that of someone who had won the lottery.
"Mr. Fu! Mr. Fu! The box office results are in!"
When Li Mo pushed open the office door and rushed in, Fu Yibai was discussing the content procurement budget for Nebula Video in the second half of the year with Li Mingde.
Both of them looked up at the doorway at the same time.
"Forty-three million?"
Fu Yibai took the box office data report, glanced at it, and nodded.
"good."
"Mr. Fu, this is a new record for the opening day box office of a domestic animated film!"
The highest-grossing film before, "Pleasant Goat and Big Big Wolf: The Super Snail Adventure," only made 21 million on its opening day. We've more than doubled that!
"Alright, alright, I know you're happy."
After the film's run ends, your team will receive a bonus.
Since "Boonie Bears" has a market, the script for the next installment can be started now.
We aim to release it during the Lunar New Year or Spring Festival season next year.
"yes!"
Li Mo nodded vigorously, turned around, and strode out of the office.
Fu Yibai put the box office data report into the drawer and looked at Li Mingde.
"continue.
Regarding Nebula Video's content acquisition budget for the second half of the year, I've reviewed the proposal you sent. The proportion of self-produced dramas has doubled compared to last year.
"right.
In the first half of this year, the viewership of self-produced dramas was 40% higher than that of acquired dramas on average, and the user retention rate was also better.
The second season of "Unexpected" has accumulated over 500 million views in just two months since its release, more than double the number of views in the same period of the first season.
The third season of "The Ferryman" and the second season of "Day and Night" both surpassed 800 million views.
This significantly increased user retention.
"Then we will continue to increase our investment in self-production."
Budgets for acquired TV shows can be reduced, but not by a single cut.
We still need to acquire high-quality, exclusive content, especially popular dramas airing on several satellite TV channels; if we can secure exclusive broadcasting rights, we should.
"Understood." Li Mingde made a note in his notebook.
Fu Yibai leaned back in his chair, picked up his teacup, and took a sip.
"How's the IPO going?"
Li Mingde closed the folder, his expression shifting from the seriousness of reporting on work to the solemnity of discussing important matters.
"We had our fourth coordination meeting with the securities firm last week."
The equity structure of the listed entity, Nebula Video Technology, has been finalized, with Chenxi Group holding 65% of the shares.
Tencent holds 17% of the shares, the institutions that participated in last year's round of investment hold a total of 12%, and the remaining 6% is held by management and employee shareholding platforms.
"What about the audit?"
"PwC's audit team moved in in March and is currently conducting a full-year financial audit for last year."
The audit report is expected to be available by the end of August.
Revenue for the first half of this year has already exceeded 1.5 billion, and it is highly likely that the company will break even for the whole year, or even make a slight profit.
Fu Yibai nodded.
This data is better than he expected.
The video platform industry is generally characterized by heavy cash burn, and Nebula Video's ability to keep its losses within a manageable range before its IPO is beneficial for its valuation and subscription.
"Has the listing location been decided?"
"The brokerage firm offered two options."
One is Nasdaq, and the other is the Hong Kong Stock Exchange.
Li Mingde took a document out of his briefcase and placed it on the table.
"Nasdaq's advantages include a mature valuation model and high acceptance of internet companies."
The downsides are strict regulation, numerous short-selling institutions, and high post-listing maintenance costs.
What about the Hong Kong Stock Exchange?
"The advantage is that it is backed by the mainland, and investors are more familiar with Nebula Video's business model, so we don't need to spend too much time educating the market."
The downside is that valuations may be lower than on the Nasdaq, and liquidity is not as good as on the US stock market.
Hong Kong Stock Exchange.
Li Mingde answered without hesitation.
"Nebula Video's users and market are all in China. If we try to tell our story on Nasdaq, American investors may not buy it."
Moreover, Tencent, as our second-largest shareholder, can also be of assistance due to its influence on the Hong Kong Stock Exchange.
"Then let's go with the Hong Kong Stock Exchange."
Fu Yibai did not hesitate for long.
Li Mingde's analysis is consistent with his own judgment.
"When will it be released?"
"The earliest we could submit the application is next March, with listing in June. If it's slower, it might be pushed back to the second half of the year."
"Okay, go ahead and get busy."
"Yes."
Li Mingde stood up, picked up his briefcase, and walked out of the office.