Chapter 60: I am also capital
"Mr. Fang, I signed a priority agreement with President Ye. Initially, I requested an additional investment of 15 million yuan from you. However, you declined, fearing potential losses if the film failed. Subsequently, I managed to secure President Ye's investment."
Wu Jin furrowed his brow and continued, "Furthermore, prior to the signing of this priority agreement, I had discussed it with President Fang, who had always acknowledged it. Why the sudden change in stance?"
He understands that this party consistently recognizes the significant potential of Dragon Group 2, thereby sidelining smaller investors from Dragon Group 1.
Without this agreement, he's left powerless. After all, the copyright of Dragon Group lies with Fengdeng Film. As a director, while he holds certain authority, he cannot impede Deng-Feng Pictures' decisions.
"Director Wu, rest assured. I will address the matter from Ye Cheng's side. If he insists on investing, we can allocate him 10%. However, 30% is out of the question. He has already profited significantly from investing in Dragon Group, so he should be content," Fang Tangyu asserted confidently.
"Mr. Fang, my stance is clear. You must not exclude global investors. As for the percentage Mr. Ye can negotiate, that's up to your negotiation skills," Wujin stated firmly. That's all he can do. Fang Tangyu wouldn't dare disregard his request. After all, Wu Jin is the director of Dragon Group, a key figure in the film's success.
Before the widespread popularity of Dragon Group, his influence was considerably less.
"Wu Dao, don't worry. I won't make things difficult for you," Fang Tangyu assured with a smile. Wu Jin is currently a highly sought-after director, and he intends to capitalize on Dragon Group 2's success once more. Naturally, he wouldn't risk falling out with Wu Jin.
Shortly after, Fang Tangyu left the room.
Meanwhile, Ye Cheng was engaged in conversation with Su Binggui.
"Brother Ye, could they possibly be trying to oust you?" Su Binggui asked, noting the absence of several significant figures in the film industry. Some investors also sensed that something was amiss.
After Dragon Group 1 reaps the benefits, they naturally desire to invest in Dragon Group 2.
"Don't worry, they can't get rid of me; there's that agreement; they have to come and talk to me," Ye Cheng said indifferently.
However, he knew that Fengdeng Pictures would definitely find a way to exclude him. After all, in the previous life, when this company was shooting Dragon Group 2, many investors of Dragon Group 1 were ousted, and all the film and television giants and top investment companies came in.
At that moment, the door of the conference room opened, and a woman in business attire walked in, glanced at the audience, and then her eyes fell on Ye Cheng. "Mr. Ye, we want to chat with you," she said.
The other investors present stood up one after another and asked to see Mr. Fang, who wanted to speak with Fengdeng Pictures.
But the woman in business attire smiled and said, "Please wait a moment; we will always give you a satisfactory answer." These people relaxed.
Ye Cheng got up and followed the woman out of the conference room and into another room.
There was only one person there, Fang Tangyu, the director of Fengdeng Pictures.
"Ye, please take a seat," Fang Tangyu said with a smile.
"Mr. Fang, do you want to discuss the investment share of Dragon Group 2 with me?" Ye Cheng asked, laughing.
"Mr. Ye, it's true; you should also know that Dragon Group 1 is doing well, and now Dragon Group 2 has also put forward a plan, but... There is too much capital seeking a share of the pie, and our company is also in a difficult position," Fang Tangyu nodded and said.
"Mr. Fang, how much do you think I should invest?" Ye Cheng asked, smiling.
"Well, after all, you signed a priority investment agreement with Dao Wu, so how about you invest ten percent?" Fang Tangyu suggested.
"Mr. Fang, your reduction is a bit severe, from at least 30% to 10%." Ye Cheng smiled indifferently. "What if I insist on thirty percent?"
"Mr. Ye, you also know that this investment cannot be forced. Although you have a priority agreement, it's not compulsory after all. We have many ways to work around it. Three to five years is a common occurrence," Fang Tangyu said with a smile. "Ten percent is already quite a lot, so you can't be too greedy."
As a prominent figure in the film and television industry, known for his shrewdness, how could he be stumped by a minor-priority agreement?
"Yes?"
Ye Cheng smiled. "I've consulted the lawyer thoroughly. If there's a dispute over a film, it can't get approval. What if the film gets delayed for three to five years?"
Fang Tangyu's expression darkened because what Ye Cheng said was undeniably true. Once a film project gets stuck, then it's big trouble.
"Why did Dragon Group 2 rush to set up the project and start shooting? It's to leverage the shareholder wind of Dragon Group 1 for maximum benefit."
"Mr. Fang, 30% of the shares can't be reduced by even a fraction. If you won't agree to this for Dragon Group 2, then I'll take my leave."
Ye Cheng stated indifferently, casting a glance at Fang Tangyu before exiting the room, leaving Fang Tangyu's expression extremely displeased.
Outside, Su Binggui spotted Ye Cheng coming out and quickly inquired, "Brother Ye, how did it go?"
"The negotiation fell through," Ye Cheng chuckled.
"What should we do now?" Su Binggui asked.
"What else can we do? Let's just make do with what we have," Ye Cheng replied with a smile. "Brother Su, I have something to attend to; I'll leave first, and I'll get in touch with you later."
Su Binggui nodded, realizing there wasn't much he could do about Ye Cheng's decision.
After Ye Cheng left the hotel, he returned to the company by car and instructed the legal department to prepare the necessary documents.
Meanwhile, Fang Tangyu returned to his room.
"Mr. Fang, how did the negotiation go?" Wu Jin inquired eagerly.
"Wu Dao, it's not about me not giving face; it's that Ye Cheng is too arrogant. I offered him 10% of the shares, but he refused. He's insistent on taking 30%," Fang Tangyu replied in a solemn tone.
Wu Jin fell silent.
He didn't expect things to escalate to this level.
"He also wants to limit the establishment of Dragon Group 2 by prosecuting Wu Dao. This is not simply a question of investment share, but a question of whether our Dragon Group 2 film and television project can be approved," Fang Tangyu said. "Isn't he going to file a lawsuit? Then let's fight. In the film and television industry, he is a newcomer and wants to pinch us, which is really wishful thinking."
The other representatives nodded.
Everyone was already standing on the same front. Only by taking away Ye Cheng's share could they invest more money and obtain greater profits.
At this moment, Wu Jin's cell phone rang.
It was Ye Cheng calling.
Wu Jin got up and walked to the next room.
"Director Wu, I'm sorry for you this time." Ye Cheng's voice came from the phone.
"Mr. Ye, from your standpoint, you are right, so no matter what you do, there is no need to worry about me," Wu Jin sighed and said.
He is just a director, and many things are simply beyond his control.
Even if he became famous because of Dragon Group 1, he still couldn't control the power of capital.
"Director Wu, thank you for your understanding. Then I'll hang up first," Ye Cheng said, hanging up the phone after he finished speaking.
The friendship between him and Wu Jin is not bad, and he also understands that it is difficult for Wu Jin to be caught in the middle.
However, for their own interests, it must be safeguarded.
He now wants money and people. He is no longer the unknown person he used to be, and naturally, he can't bear such grievances.
Are you capital?
Sorry, I am also capital.
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