Chapter 763: Location Selection for the Film City
"At present, our Oriental Movie Metropolis project has had relatively in-depth contacts with the local governments of three cities, including Jinmen, Dalian and Qindao. Among them, Qindao has the greatest sincerity, and other conditions are relatively satisfactory there. It is more suitable than the other two cities..."
While Barron was wearing shorts and sunbathing, he listened to Li Lu talking to him on the phone about the Oriental Movie Capital project.
Some of this content was also mentioned in previous emails sent to him by Tianhe Capital.
The reason why we are currently leaning towards Qindao is that, in addition to the positive attitude of the local government, Qindao also has more similarities in geography and climate with Hollywood in the United States - they are both located at about 35° north latitude, with similar climate and sunshine. Long, it is also a coastal city...
According to Li Lu, in order to secure the Oriental Movie Capital project, Qindao was able to take out a total of 16 plots with a total area of nearly 4 million square meters on its west coast and sell them to Youtian Joint Venture at a relatively low price. Trina Oriental Movie Metropolis Group is a joint venture company jointly invested by Ben, Marvel-MGM Pictures, Blue Valley Capital, Grace Cultural Tourism Group and Cavendish Trust Fund to specifically implement the Oriental Movie Metropolis project.
These 16 plots include an island called "Starlight Island" that Qindao plans to create through reclamation.
For such a large area, Trina Oriental Movie Metropolis Group only needs to pay 2.1 billion Chinese dollars to the local area.
Through the information, Barron knew that the land plot provided by Qindao was in the same location as the film and television project invested by Yida Group here in his previous life, but it was larger than the area of Yida Group's film city at that time. .
This is not surprising. First of all, the local people in Qindao had the idea of developing cultural tourism industry in this land. Barron also heard about it in his previous life. Yida Group’s movie city project was originally considered to be located in Da. Li An, but finally chose Qindao.
In addition, apart from here, Qindao does not have other land parcels of similar size, but the surrounding development of those land parcels is relatively mature and has long been grasped by some people with local energy. I definitely won't be willing to hand it over.
The area on the west coast of Qindao, close to Jiaonan, is relatively "remote" and has not been purposefully hoarded before. It is relatively more convenient to cooperate with Tianhe Oriental Movie Capital Group.
"Although these plots are relatively not highly developed and are a little far from the center of Qindao, this is not a big problem. Moreover, there are mountains and seas here, and the landforms are rich. It is also more suitable for the construction of the capital..."
Li Lu said to Barron:
"Qindao promised that if the project is implemented, they will plan a new subway line that will pass through most areas of our movie capital, so that transportation will be more convenient..."
In addition, two of these 16 land parcels belong to Jiaonan City. However, Qindao promised that after Trina Oriental Movie Metropolis Group acquires these two land parcels, it will be able to transfer them soon. Huangdao District is included in Qindao...
More importantly, Qindao is also willing to provide necessary policy support for the Oriental Movie Metropolis project. For example, they are willing to work with Tianhe Oriental Movie Metropolis Group to invest 50% each to establish a first-phase film and television project with a scale of 5 billion Chinese dollars. The special fund for industrial development is used to subsidize the crews who come to film...
"This fund will invest 1 billion Chinese dollars every year in the next five years to provide subsidies of 20%-40% of the production cost to the crews who come here to shoot..."
The specific subsidy method is initially determined as follows: for domestic films, films with production costs between 8 million and 20 million will receive a 30% subsidy; films with a production cost of more than 20 million will receive a 40% subsidy...
For foreign films worth more than 30 million yuan (including 30 million yuan), the subsidy rate is 40%.
The maximum subsidy for a single film is 120 million yuan (about 18 million US dollars).
"40% is undoubtedly a very considerable subsidy, and it is currently the highest subsidy amount in the world. In Asia, the 30% production subsidy provided by Malaysia was once the highest in Asia."
When Barron was in the United States before, he also learned that some of their states would provide similar production incentives in order to grab the filming locations of some films from Hollywood, often providing tax rebates/rewards of 25 to film and television companies. Between % and 30%...
"However, although such subsidy incentives are very important, for many film and television companies, what is more important is the credibility and sustainability of the policy. Therefore, in these aspects, we need time to win reputation, and we also need to share Qindao The sustainability of these policies will be determined in the future.”
In addition to attracting film and television companies to the Oriental Movie Capital for filming and post-production, the world's largest Marvel-MGM theme park will also be built here, as well as featured commercial centers, yacht clubs and residential real estate projects.
"According to our most conservative estimate, if the entire project goes smoothly, the land price here can increase more than ten times compared to before..."
Well, although it is Qindao, it is not an exaggeration.
After all, this piece of land had been considered a very remote location on Qindao before, and the housing prices were not high...
Barron knew that in his previous life, Yida Company had also ambitiously built a movie theater here. At that time, they completed the acquisition of AMC, the second largest theater chain operator in the United States, and later acquired it with US$3.5 billion. Price, acquired Legendary Pictures, a well-known Hollywood production company, and has considerable Hollywood resources.
Therefore, at that time, they even called out the ambition of building an Eastern Hollywood here, and planned to hold the Oscars in the United States one year and in their film capital of Qindao.
The groundbreaking ceremony of the Yida Qindao Movie City was very grand. They invited Hollywood stars such as Xiao Li Zi, Nicole Kidman and John Travolta to take the stand. It was very impressive for a while. Attention.
However, it can be said that the thunder was loud but the rain was small. Yida's movie capital in Qindao did not achieve the goals they expected. Instead, as the glory of Yida Group ceased, it gradually faded out of people's sight.
But this project of Trina Oriental Movie Metropolis Group is different. In addition to the main controller of this project, Tianhe Capital, its subsidiary Trina Television Investment Company also has considerable influence in China's domestic film and television industry. Other shareholders include Marvel-MGM Pictures, one of the six major studios in Hollywood. In addition, Blue Valley Capital has also invested in other Hollywood theaters and platforms. Many companies within it, such as Netflix...
Moreover, the resources that Barron behind them can provide to this movie capital are definitely not comparable to those of Yida Group...
