Joke Collection Website - Bulletin headlines - The culture of the Oriental Movie Capital
The culture of the Oriental Movie Capital
Wanda Group Chairman Wang Jianlin said that the construction of the Oriental Film Capital will enhance the level of Qingdao's cultural industry, improve Qingdao's tourism level, and even change Qingdao's city positioning, making it a world-famous film and television cultural tourism city. According to the reporter's understanding, in order to ensure the operation of Qingdao Oriental Movie Metropolis after its completion, Wanda has reached preliminary agreements with a number of global film and television giants and artist management companies. About 30 foreign films will be shot and produced in Qingdao Oriental Movie Metropolis every year. At the same time, Oriental Film City also plans to introduce more than 50 domestic film and television production companies to ensure that no less than 100 domestic film and television works are shot and produced here every year.
According to incomplete statistics, this is the third Wanda City project that Wanda Group has started construction within 5 months, and the investment in the two projects under construction has exceeded 20 billion yuan, which has also triggered the industry Concerns about Wanda’s cash flow. In this regard, Wang Jianlin said frankly that Wanda has sufficient cash flow to support the development of the cultural industry. In his view, cash flow is more important than liabilities. For 20 years, Wanda has insisted that sales come first and cash is king. Wang Jianlin said that cultural projects are not necessarily slow to recover cash, because the real estate projects equipped with them can recover cash flow faster than real estate projects under the influence of cultural concepts.
At the same time, Wang Jianlin believes that the development prospects of the cultural film industry in China are promising. He believes that by 2018, Chinese movie box office revenue will exceed that of North America, and by 2023 it will be about twice that of North America.
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