China News Service Client Beijing, April 25th (Reporter Song Yusheng) Recently, many listed film and television companies have announced their first quarter results in 2020. Affected by the epidemic, many film and television companies with cinema-based movies as their main business are expected to lose in the first quarter. But at the same time, the reporter noticed that these companies are also trying to expand their business beyond cinema.

The theater has been "suspended" for 3 months

　　Due to the impact of the epidemic, the resumption of production in the theater has been far away.

Data Map: In March this year, a movie theater in Wangjing District, Chaoyang District, Beijing was still closed for business. China News Service reporter Hou Yushe

　　On January 22, ticketing platforms such as Taotao tickets and Maoyan issued announcements to actively introduce a refund policy during the Spring Festival. Since then, in addition to "Jian Mom" ​​in the 2020 Chinese New Year file, it will be released online, and all the other movies that have received much attention in the Spring Festival file will be withdrawn. By the beginning of February, the original Valentine's Day films were also withdrawn.

　　At that time, many media once described this as "the theater presses the pause button." But who knows, this suspension is 3 months.

Data map: "Jian Mom" ​​"The Meaning of Travel" is on the scene. Photo courtesy

　　On April 15th, Shi Xiaoming, director of the Environmental Center of the Chinese Center for Disease Control and Prevention, mentioned at the press conference of the Joint Defense and Joint Control of the State Council that it is recommended that theaters, entertainment halls or entertainment venues not be opened for the time being.

　　When everyone lamented that there were no movies to watch, the company checked the latest data and showed that as of April 22, since 2020, 7,300 film and television companies have been cancelled nationwide.

What is the performance of listed film and television companies

　　Under the epidemic, what about the "surviving" film and television companies?

　　Since April, a number of listed film and television companies have publicly announced their first quarter 2020 results.

　　Judging from these current performance announcements, many companies with cinema-based movies as their main business expect losses in the first quarter of this year.

　　Wanda Film's "Quarterly Results Forecast for the First Quarter of 2020" released on April 15th shows that from January to March this year, it is expected to lose between RMB 550 million and RMB 650 million.

　　It is pointed out that in the first quarter of 2020, due to the impact of the new coronavirus epidemic, Wanda Film Co., Ltd.'s operating performance is expected to suffer a large loss. The main reason is that since January 23, 2020, the company's theaters have been closed due to the epidemic At the same time, the film released by Wanda Film and Television Project on the Spring Festival failed to be released as scheduled. During the period, the company's film projection revenue dropped significantly, but the fixed cost expenses were relatively rigid, resulting in a substantial decline in the company's operating performance.

Data Map: In March this year, a movie theater in Wangjing District, Chaoyang District, Beijing was still closed for business. China News Service reporter Hou Yushe

　　Huayi Brothers ’April 1, 2020 first quarter performance forecast shows that from January to March this year, the company expects a loss of 142,503,400-13,750,34 million. "Affected by the epidemic, all theaters and live-action projects in the country have been suspended. The company has not released any films. The revenue from movies, theaters and live-action entertainment has dropped significantly from the same period last year."

　　For similar reasons, Jinyi Film and Television expects a loss of 145 million to 160 million yuan in the first quarter, and Happiness Blue Ocean estimates a loss of 100 million to 105 million yuan in the first quarter.

　　The above listed listed film and television companies, which are mainly based on movie theaters, have lost more than 100 million yuan in the first quarter of this year.

In addition to cinema movies, other options for film and television companies

　　But at the same time, the first quarter results of other film and television companies are not as bad as expected. The reporter noticed that many of them involved TV drama business.

　　According to "China Audiovisual Big Data" (CVB) statistics, in the first quarter of 2020 compared with the fourth quarter of 2019, the average daily viewing duration of national cable TV and IPTV users increased by 22.7%, and the average daily viewing duration of households increased by half an hour.

　　Ray Media's "Announcement of First Quarter 2020 Results" released on April 9 estimated that the company's first quarter profit would be 20-40 million yuan. Although the company's profit is expected to fall 56.33% -78.17% over the same period of the previous year, it has not lost money. This performance forecast points out that the company's single TV series has improved profitability.

　　Huace Film and Television predicts that the company will make a profit of 100 million to 110 million yuan in the first quarter, which is expected to increase by 177.4% -205.14% over the same period last year. The TV drama projects that confirmed revenue in the first quarter included "Splendid Southern Song", "We Pick Up in the Light", "Crossing the Sword" and "Perfect Relationship".

Information figure: TV series "Perfect Relationship" poster

　　Mango Hypermedia estimates that the company expects a profit of 430 million to 490 million yuan in the first quarter, which is expected to increase by 2.89% -17.24% over the same period of the previous year. Its first-quarter results forecast stated that the company's new media platform Mango TV continued to deepen its drive with high-quality content, and many episodes and variety shows were popular.

　　In response to this, Wanda Movies recently released the "2019 Annual Report" that the company's subsidiary new media Eslite participated in the production of a number of plays is expected to be broadcast one after another. The report also stated that the company's main business has expanded to the investment, production and distribution of movies and TV series, as well as the distribution and operation of online games.

　　The Huayi Brothers began to pay attention to online entertainment consumption. According to its first-quarter results forecast, online entertainment consumption has increased significantly in overall entertainment consumption.

A screenshot of the online movie box office list recently released by iQiyi.

　　The online dramas and online movies produced by Huayi Brothers subsidiary company and Sun Company also achieved good broadcast effects during this period. The reporter noted that the online movie box office list released by iQiyi recently showed that as of the end of March, the box office account division of "Nine Finger God Beggar" participated by the wholly-owned Sun Company of Huayi Brothers exceeded 20 million.

　　Huayi Brothers said that many TV series and online dramas that the company has invested in are steadily advancing. (Finish)