Happy Media is trapped in some projects of Luo Shengmen in the "false deduction of taxes" caused sequelae

15JUN

Wen | Xie Ruolin

On the evening of June 13, the director Wang Yichun posted a post on the Weibo platform to report the "false deduction of tax". She said that after the new film "Abduction Mao Huo" with the Huanxi Media was unilaterally stopped cooperating, the other party falsified in terms of tax deduction. On June 14, Hi Hi Media issued a public statement saying that there were many real contents of Wang Yichun's Weibo. The cooperation between Happy Media and Director Wang Yichun has a dispute. The fact that the original committee and the right and non -Ququ have been tried and identified by the people's court. "In summary, this is the issue of liability affiliation after the film shooting was stopped." An unnamed producer said in an interview with the Securities Daily that this type of incident recently two recent two recent two recent two recent two recent two recent two incidents. The probability of occurring in the year is not small, mainly for offline movies, and the situation of upstream companies is difficult. "Happy Media re -evaluate the existing projects and make adjustments to save expenses. This is a common approach in the industry. But the company does not do a good job of finishing work, and it seems unpopular at the emotional level." Binding a number of well -known directors Xu Yan, Ning Ning, Ning Ning, Hao Hao's predecessor is 21 Holdings. In 2015, the industry leader Dong Ping joined forces Ning Hao and Xu Yan to subscribe to the shares of Hong Kong stock 21 to complete the backdoor listing. Subsequently, Xiyi Media built a huge contract of contract directors, including Chen Kexin, Wang Jiawei, Zhang Xiaoling (Zhang Yibai), Gu Changwei, Zhang Yimou, Jia Zhangke, etc., all in their cooperation list. The most important reason is that Joy Media is well known to the outside world. It is in -depth binding with Ning Hao and Xu Yan. Both directors are non -executive directors of the company. Relying on the strong directors of the director, Happy Media has continued in recent years. His masterpieces include "winning the championship", "Mom", "My Hometown", "I'm Not a Medicine God", "Crazy Alien", "My Motherland" "Children of the Rivers and Lakes" and so on. The business of Happy Media has also created the "Happy Premiere" of the streaming media from investment, shooting to the screening end, covering the entire industry chain. Film investment is also good at the company, and the company has invested in a large number of projects. Tianyancha APP shows that Jixi Media established Happy Film and Television Investment Co., Ltd. in 2015. Through the company, Jixi Media is directly or indirectly owned by the company, Taizhou Happy Culture Investment Co., Ltd., Happy Hi Huan (Tianjin) Cultural Investment Co., Ltd. (referred to as "Happy Hi Hi"), Beijing Joy Xixi Culture Media Co., Ltd. company. Among them, joy is the company that signed a film contract with director Wang Yichun and others. It has repeatedly filed a litigation rights due to the infringement of the right of the information network of the work. Warm Hug "and so on. The real name of the cooperative director reported to the "false deduction of taxes" Luo Shengmen Wang Yichun stated that in October 2019, it reached a intention to cooperate with Happy Media, agreed to be contributed by Jixi Media, and Wang Yichun came forward to complete his new film "kidnap Mao Huohuohuxue Huohu " Subsequently, Wang Yichun established Henan Jingshen Film Co., Ltd. (referred to as "Jingshen Films"), and the two parties signed a contracting agreement. "In May 2020, Jingshen Films received 40%of the production cost of 5.51 million yuan. In June, Juxue Media stopped the project because the company re -evaluated the current project after the epidemic, and finally decided to bring the project the project. Passing. This is the status quo facing many companies ''. "Wang Yichun said that at the time, Jingshen Film had spent 960,000 yuan due to the preparation of the film. Focusing on the payment, the dispute between the two sides eventually had a dispute and eventually facing the court. The court ruled to confirm the cancellation of the "Abduction Mao Lo Lai Lifa Covenant Agreement" signed by Joy Joy and Jing Shen Films; Jingshen Films returned investment funds and compensation for economic losses and liquidated damages, totaling about 5.77 million yuan. In response, Jingshen Films appealed, but was rejected by the second instance court. Wang Yichun introduced that before that, Jingshen Media issued a value -added tax invoice of 5.51 million yuan in production fees. However, when Jingshen Media returned the relevant funds, the staff of Huanxi Media pushed the refund/popularity, which caused Jingshen Films to pay nearly one million yuan in corporate income tax. "I did a year of work for Happy Media. I did not get a screenwriting fee, director fee, and contribution fee, and I found them more than 1 million yuan." Wang Yichun said. However, Happy Media responded that "Director Wang Yichun's Weibo article is inconsistent with the facts. After the cooperation of Juxue Media and Director Wang Yichun's termination, the contract between the two parties has been lifted and the relevant script copyright has returned. Taxes involved in the above disputes. "The film market's low -investment investor reduction in the number of projects was repeatedly affected by the epidemic situation. The film industry is currently at a difficult moment, and the situation of happy media is no exception. The financial report shows that in 2020 and 2021, the performance of Jixi Media has continued to lose money, with a cumulative loss of HK $ 472 million in two years. Mainly due to the delayed release of the cinema movie invested by the group, the decrease in box office revenue, the decrease in government subsidies, and the continuous optimization of the content of the online video platform of "Happy Premiere" increased the copyright amortization expenses. Essence Taking 2021 as an example, Huanxi Media accounted for 2.158 million Hong Kong dollars in box office revenue, a year -on -year decrease of 95.76%; the copyright income of movies and TV dramas was HK $ 32.548 million, a year -on -year decrease of 93.76%. Even so, Happy Media has strengthened project investment. According to the financial report, in 2021, the copyright prepaid of the movie and TV drama (including the film director's prepaid) of the movie and TV drama was approximately HK $ 883 million, an increase of 40.58%year -on -year, accounting for 39%of the total assets.

Wu Yanqi, CEO of Shenzhen Siqisheng Company, told the Securities Daily that the cinema movie was affected by the epidemic situation, and the influence of online movies and TV series was relatively small. But the key impact is still the quality of the repertoire and film. High -quality repertoires will still be sought after by the audience; the content of content and production quality is difficult to obtain good ratings or box office returns. It is worth mentioning that the suspended project "Abduction Mao Huo" in the article has won the 22nd Shanghai International Film Festival · Film Project Venture Capital Most Investment Value Project, and as the only Chinese project shortlisted for the Berlin Film Festival Venture Capital Unit, Essence The aforementioned producer believes that "if the market environment is good and the investor has strong risk tolerance, he is willing to try some new projects to dig newcomers. . "The financial report shows that the project reserves of Jixi Media are very rich. Among them, Su Liang's screenwriter and directed and starring Huang Bo's film "Learning Dad" has been set on July 8. In addition, "Mr. Red Carpet" directed and starring Ning Hao and starring Andy Lau, "Survive" directed by Chen Kexin, "Manjiang Red" directed by Zhang Yimou, "Hedgehog" directed by Gu Changwei and starring Ge You, Chen Daming and Zhang Hanyu, "None "" "," The Studio "directed by Chen Peisi, directed by Zhang Guoli and screenwriter, and" Chaoyun Twilight Yu "starring Zhou Dongyu, all have entered the planning, production or completion of the production stage. Recommended reading

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