Earth media 625 million yuan "marriage" flute female film and television


Land Media announced the resumption of trading more than five months after the suspension. It announced for the first time a major restructuring plan. It plans to issue additional shares worth RMB 437.5 million and cash to pay RMB 187.5 million to purchase 100% of the shares of Flute Films. The total transaction price is RMB 625 million. . This merger is the first book publishing company in the country to acquire film and television industry companies, providing a lesson for the transformation of traditional publishing and media companies in China.



Dadi Media released the asset purchase plan on the evening of May 29th. The company plans to issue 29.983 million shares in private at 14.59 yuan/share, and pay 187.5 million yuan in cash. The total purchase price is 625 million yuan to acquire 100% equity of flute female film; Non-public offerings below 14.85 yuan / share matching fund to raise no more than 625 million yuan. The company's stock will resume trading on June 1.

According to reports, the flute female film and television business model is mainly divided into three categories: self-produced as the party to shoot television drama (executive producer), invest in other party shooting TV drama (co-producer), acting distributor of television drama. In recent years, it has served as a producer, investing in other parties, and acting as a distributor of a total of 15 sets of 530 episodes. As of the end of March 2015, the total assets of the flute women's film and television was RMB 206 million, and their net assets were RMB 30 million. In 2013 and 2014, they achieved operating income of RMB 11.1842 million and RMB 112 million respectively, and their net profits were RMB -181,500 respectively. 22,319,200 yuan.

According to estimates made by Dadi Media, the transaction partner Fu Xiaoyang promised to Dadi Media that the audited net profit of Dizi Film & TV in the three fiscal years of 2015, 2016 and 2017 were not less than RMB 49 million, RMB 61.25 million and RMB 78 million respectively. .

Dadi Media stated that the company’s acquisition of the target flute female film and TV drama is a television company that invests, produces, and distributes television dramas, rather than similar traditional media or pure publishing companies. The company can participate in the film and television industry through the acquisition of flute and female film and television and use existing copyrights. Resources, extend the company's value chain, in line with the transformation and upgrading of the strategic layout.




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