Happy blue ocean acquires 80% equity of Di NV film and television to improve the scale and competitiveness of TV series business

On the evening of November 20, happy blue ocean announced that it planned to acquire 80% equity of Chongqing diannv ares film and television media Co., Ltd. with 720million yuan in cash

original title: happy blue ocean acquires equity to improve competitiveness

on the evening of November 20, happy blue ocean announced that it plans to acquire 80% of the equity of Chongqing diannv ares film and television media Co., Ltd. (hereinafter referred to as "diannv media") with 720million yuan in cash. Before the equity delivery of the subject matter of this transaction, di NV media will be changed from a limited liability company to a limited liability company. After the completion of this transaction, di NV media will become the holding subsidiary of the company

according to public information, di NV media is a comprehensive cultural industry company with film and television product planning, investment, production and distribution as its main business. It has produced and distributed film and television dramas such as mother, fog city, old woman with two guns, my three mothers and two fathers, and established TV stations including CCTV, provincial and municipal satellite TV A multi-channel market distribution network fully covered by traditional media and emerging media, including network new media

data show that in 2016 and January July 2017, di NV media achieved operating revenue of 142million yuan and 55.8398 million yuan, respectively, with net profits of 51.1778 million yuan and 8.9494 million yuan. At the same time, the management shareholders of Di NV media guarantee and promise to happy blue ocean that the performance commitment period of the company winning the transaction is 2017-2021, and the cumulative committed net profit at the end of each period (the audited net profit and non recurring loss attributable to the shareholders of the parent company after deducting the non recurring profit and loss and the government subsidies and rewards related to film and television dramas) are 75million yuan, 160million yuan, 255 million yuan, 355 million yuan and 460million yuan respectively

happy blue ocean said that through this transaction, it will enhance the scale and competitiveness of the company's TV series business, and help the company achieve the leapfrog development of the TV series business. In the future, the company will consolidate the competitive advantages of the existing TV series production and distribution business, fully integrate the ability and resource advantages of Di NV media in the TV series business field, continue to strengthen the production and distribution ability, and expand the theme of its works horizontally and vertically Extension

editor: Mary