1 thought on “How to make accounts in the film and television industry”
Lois
[Introduction] The cost overrun of many films needs to be partially shaped into the next movie. Film and television companies need to overall coordination and will not list the cost of a single movie in the financial statements. The topic of the topic of “Taiyu”, which is far more simple as the new record of Chinese movies box office. On January 24, 2013, the Light Media (300251, SZ) issued a clarification announcement, which responded to the previous media and securities companies questioning the huge profit of “Thai”. The trigger of the event traced back to the previous January 18th. Light Media announced the 2012 performance forecast on the same day, saying that the net profit of shareholders belonging to listed companies was expected to be 281 million to 3.16 billion yuan, an increase of 60% year-on-year increased by 60% -80%. Due to the third quarterly report of 2012, the net profit of Light Media from January to September has reached 136 million yuan, and the calculation of the net profit of Light Media in the fourth quarter of last year was only 145 million-180 million yuan. This It is far from the outside world’s previous expectations of the high -profile box office of “Taiyu”. The Beijing Gaohua Securities previously stated that according to the cost of more than 30 million yuan, 90%of the equity calculation of the Light Media, the sharing income brought by “Taiyu” in 2012 was 3.7 At about 100 million yuan, the profit after tax should be 270 million yuan. What is the profit of nearly 100 million yuan? The reporter noticed that in the clarification announcement of Light Media later, one of the main reasons for the company’s profit and the outside world is due to the accounting problem of film costs, light, light, light, light, light, light The media said that the cost of the outside world is expected to be inaccurate. What is the cost of “Taiyu”? At present, the outside world cannot learn the exact number. In an interview with the media, Wang Yan, the director of the Light Media, emphasized: “The cost of a single film is the company’s business secrets.” In response to this, an analyst of an investment bank cultural sector told this reporter: “Strictly speaking, At present, there are almost no channels for the outside world to understand the real cost of the movie. Unless the film side actively publishes a number to the outside world, this gives the company a lot of profit manipulation space and needs to attract investors’ vigilance. “ The logic of high cost logic Themine media stated in its clarification announcement that “Beijing Gaohua’s research report shows that according to the cost of more than 30 million yuan” is not accurate. For the market’s announcement, although “Taiyu” produced movies for medium -sized scale, due to the high cost of announcement in the later period, the cost of investing plus declaration is much higher than 30 million yuan. At the same time, according to the contract signing with the director team and other related parties, the director team and other related parties enjoy 10%of the shares of the film, and have appropriate rewards to the main creator according to the box office. “It is not clear about the specific cost of” Taiyu “? In the end, the number of numbers can only be said by the media itself. In the film and television industry, the cost of false reporting can be called a convention.” The above analysts Introduction. The impact on the final profit of film and television products is only one factor, and on the other hand, “You don’t exaggerate the cost, how can you deceive the audience to watch the cinema? The quality is linked, and it is believed that the large investment can be large -scale. The film with a investment of 100 million is definitely more attractive than 10 million. Marketing elements. “So we see a lot of movies if calculated according to the box office income, it must be at a loss, but the film and television company is still filming there. There is still the next one after shooting. Loss, return early, “said the above analyst. Is a senior person in a movie circle confirmed this statement in the interview. He told reporters that a director he knew was more than 20 million, but the actual cost was only 700 700 The “big head” of about 10,000 yuan, the main false report comes from the promotion cost of the film. “The promotion cost of domestic movies was not powerful before, but later gradually followed the business model of Hollywood. In the Hollywood model, the publicity cost of a movie will account for about 50%of the production costs. If it is a small investment movie, this proportion is higher. Some movies claim that they have made heavy money on the announcement, but they do not have so much investment. “The person said. In addition to marketing factors, “money laundering” is a topic that the film industry cannot get around. Lu Hongshi, the director of the program production center of the State Administration of Radio and Film and Television, once said amazing: “In the past two years, more than 100 bad movies in my country cannot go to the theater. In order to launder money. “ is a way to invest in film money laundering. The general method is to shoot the highly budget, but use film and setting up the setting only with little money. Although it seems that the cost of film is very high, it is at a loss, but in fact black money has become a legitimate profit through film companies. This of cats in the ledger Is Shao Qi, an associate professor at the School of Media and Design of Shanghai Jiaotong University, told reporters that the accounting cost of the film industry is relatively elastic than other industries. It can allow a certain amount of white bars to exist, such as handwriting receipts, because many shooting costs cannot get invoices at all. And this will make the book’s book cost difference. For example, Shao Qi said that, for example, leasing equipment and equipment, if the crew is leased by invoicing through conventional channels, the price is very expensive. But if you borrow some equipment for friends, it may be half price, or even no money. This is not only there. “For example, the cost of the script, if the schedule company is operated, one is to talk about how much the price is to buy the script at one time. The other is the filmmaker let the screenwriter experience life first, and then write the script. How to experience the cost of life? There is a lot of space in it to make articles. “Shao Qi introduced. The aforementioned investment bank analyst also said that the actor’s film is also “confused”, such as making two million or three million films. The large cost that constituted the film could not be grasped by the outside world at all, and it was completely opaque. In addition, Shao Qi also introduced that many actors and filmmakers in the industry are required to pay after taxation, which means that the higher the value of the actor, the more taxes are paid. Do the film pay down a little, and pay the funds in other links that do not need to pay to return to the actor. For example, the book salary of the masses is higher, or the revenue is increased by the distribution link. Because the state previously stipulated that in the “Notice on Supporting Several Tax Policy for Cultural Enterprises” stipulates that film companies’ sales revenue, transfer of film copyright revenue, and film distribution revenue will be levied exemptional value -added tax and business tax. . Shao Qi believes that another factor that hinders the truly reflected by the film ledger is: “The cost of many films has overruns and need to be partially shaped into the next movie. List the cost of a single movie in the report. “
[Introduction] The cost overrun of many films needs to be partially shaped into the next movie. Film and television companies need to overall coordination and will not list the cost of a single movie in the financial statements.
The topic of the topic of “Taiyu”, which is far more simple as the new record of Chinese movies box office.
On January 24, 2013, the Light Media (300251, SZ) issued a clarification announcement, which responded to the previous media and securities companies questioning the huge profit of “Thai”.
The trigger of the event traced back to the previous January 18th. Light Media announced the 2012 performance forecast on the same day, saying that the net profit of shareholders belonging to listed companies was expected to be 281 million to 3.16 billion yuan, an increase of 60% year-on-year increased by 60% -80%.
Due to the third quarterly report of 2012, the net profit of Light Media from January to September has reached 136 million yuan, and the calculation of the net profit of Light Media in the fourth quarter of last year was only 145 million-180 million yuan. This It is far from the outside world’s previous expectations of the high -profile box office of “Taiyu”.
The Beijing Gaohua Securities previously stated that according to the cost of more than 30 million yuan, 90%of the equity calculation of the Light Media, the sharing income brought by “Taiyu” in 2012 was 3.7 At about 100 million yuan, the profit after tax should be 270 million yuan.
What is the profit of nearly 100 million yuan? The reporter noticed that in the clarification announcement of Light Media later, one of the main reasons for the company’s profit and the outside world is due to the accounting problem of film costs, light, light, light, light, light, light The media said that the cost of the outside world is expected to be inaccurate.
What is the cost of “Taiyu”? At present, the outside world cannot learn the exact number. In an interview with the media, Wang Yan, the director of the Light Media, emphasized: “The cost of a single film is the company’s business secrets.”
In response to this, an analyst of an investment bank cultural sector told this reporter: “Strictly speaking, At present, there are almost no channels for the outside world to understand the real cost of the movie. Unless the film side actively publishes a number to the outside world, this gives the company a lot of profit manipulation space and needs to attract investors’ vigilance. “
The logic of high cost logic
Themine media stated in its clarification announcement that “Beijing Gaohua’s research report shows that according to the cost of more than 30 million yuan” is not accurate. For the market’s announcement, although “Taiyu” produced movies for medium -sized scale, due to the high cost of announcement in the later period, the cost of investing plus declaration is much higher than 30 million yuan.
At the same time, according to the contract signing with the director team and other related parties, the director team and other related parties enjoy 10%of the shares of the film, and have appropriate rewards to the main creator according to the box office.
“It is not clear about the specific cost of” Taiyu “? In the end, the number of numbers can only be said by the media itself. In the film and television industry, the cost of false reporting can be called a convention.” The above analysts Introduction.
The impact on the final profit of film and television products is only one factor, and on the other hand, “You don’t exaggerate the cost, how can you deceive the audience to watch the cinema? The quality is linked, and it is believed that the large investment can be large -scale. The film with a investment of 100 million is definitely more attractive than 10 million. Marketing elements.
“So we see a lot of movies if calculated according to the box office income, it must be at a loss, but the film and television company is still filming there. There is still the next one after shooting. Loss, return early, “said the above analyst.
Is a senior person in a movie circle confirmed this statement in the interview. He told reporters that a director he knew was more than 20 million, but the actual cost was only 700 700 The “big head” of about 10,000 yuan, the main false report comes from the promotion cost of the film.
“The promotion cost of domestic movies was not powerful before, but later gradually followed the business model of Hollywood. In the Hollywood model, the publicity cost of a movie will account for about 50%of the production costs. If it is a small investment movie, this proportion is higher. Some movies claim that they have made heavy money on the announcement, but they do not have so much investment. “The person said.
In addition to marketing factors, “money laundering” is a topic that the film industry cannot get around. Lu Hongshi, the director of the program production center of the State Administration of Radio and Film and Television, once said amazing: “In the past two years, more than 100 bad movies in my country cannot go to the theater. In order to launder money. “
is a way to invest in film money laundering. The general method is to shoot the highly budget, but use film and setting up the setting only with little money. Although it seems that the cost of film is very high, it is at a loss, but in fact black money has become a legitimate profit through film companies.
This of cats in the ledger
Is Shao Qi, an associate professor at the School of Media and Design of Shanghai Jiaotong University, told reporters that the accounting cost of the film industry is relatively elastic than other industries. It can allow a certain amount of white bars to exist, such as handwriting receipts, because many shooting costs cannot get invoices at all. And this will make the book’s book cost difference. For example, Shao Qi said that, for example, leasing equipment and equipment, if the crew is leased by invoicing through conventional channels, the price is very expensive. But if you borrow some equipment for friends, it may be half price, or even no money.
This is not only there. “For example, the cost of the script, if the schedule company is operated, one is to talk about how much the price is to buy the script at one time. The other is the filmmaker let the screenwriter experience life first, and then write the script. How to experience the cost of life? There is a lot of space in it to make articles. “Shao Qi introduced.
The aforementioned investment bank analyst also said that the actor’s film is also “confused”, such as making two million or three million films. The large cost that constituted the film could not be grasped by the outside world at all, and it was completely opaque.
In addition, Shao Qi also introduced that many actors and filmmakers in the industry are required to pay after taxation, which means that the higher the value of the actor, the more taxes are paid. Do the film pay down a little, and pay the funds in other links that do not need to pay to return to the actor. For example, the book salary of the masses is higher, or the revenue is increased by the distribution link. Because the state previously stipulated that in the “Notice on Supporting Several Tax Policy for Cultural Enterprises” stipulates that film companies’ sales revenue, transfer of film copyright revenue, and film distribution revenue will be levied exemptional value -added tax and business tax.
. Shao Qi believes that another factor that hinders the truly reflected by the film ledger is: “The cost of many films has overruns and need to be partially shaped into the next movie. List the cost of a single movie in the report. “