Chapter 338 First Day Box Office Revenue
There are 400 registered households in Yucheng Village. Even if one household consists of three people, there would be more than a thousand people, if we include the women who have married out.

Not to mention one group, even two groups are not enough.

“Due to the large population of Yucheng Village, we have created Yucheng Group 2 and Group 3. Group 2 is the main group. Each household head or representative can join the group, and the rest of the people can join Group 3 or Group . Please do not join the same group repeatedly.”

Chen Wenbin continued to apply for two groups. He, Chen Yuan and Chen Li were in all three groups. The rest of the people joined the main group and left the main group when they entered other groups.

The efficiency is still very fast. The main group has people coming in and out, and finally stabilized at more than 2 people. Groups 3 and also have two to three hundred people, basically all of them are in the village or returning to the village.

The rest will join the group slowly.

“Yucheng Film and Television’s first online drama will be released on a certain art channel in the early morning. If you have time, please go and support it. You need to watch at least six minutes.”

When the number of group members reached a certain level, Chen Wenbin began to edit the announcement.

The last sentence is the key point.

Although he didn’t understand online movies, he learned from Chen Yuan how to generate profit sharing. The viewing time of an account must exceed six minutes to be counted as a single valid click and generate income.

This means that if you watch for five minutes, or even five minutes and fifty-nine seconds, it will not be considered an effective click and will not generate box office revenue.

Of course, this is a minor flaw in the initial stage of the industry’s development. The effective playback time will be calculated later, and no matter how long you watch it, it will be included in the total time.

Especially for a certain entertainment company, the subsequent profit-sharing model will be changed from the effective VV, that is, the effective click-to-play model, to the time-based profit-sharing model.

This will avoid the situation where the movie’s exciting content and gimmicks are concentrated in the first few minutes, while the quality plummets in the later parts, making it anticlimactic, or even having a bad ending in order to make money.

These are all lessons learned through blood and tears.

Splitting the revenue based on the length of the film can not only urge content partners to improve the overall quality of the film, ensure the excitement and integrity of the film, and promote the development of the industry, but also guarantee higher returns for the film producers.

“We in Yucheng Village have also set up a village group?”

“Yeah, my dad just added me to the group, told me to go to group 2 or 3, and then quit the main group.”

“There are several groups in a village. What do they have to do?”

“It seems that the secretary is taking the lead in promoting some movie produced by Yucheng Film and Television. By the way, this company seems to be set up by Chen Yuan.”

“It’s Chen Yuan again. In the past six months, my parents have talked about him the most when they called me. They also said that when we meet or contact each other in the village, we should be respectful and call him Boss Chen.”

“He is indeed the boss. I heard that he is doing very well after returning to the village. He opened a fishing ground and an amusement park. He even turned Yucheng Village into a leisure and tourism resort. The whole village is working for him.”

“You were a little brat back then, but now you’re so awesome?”

“You’ll know whether it’s awesome or not when you get back. I’ll be on holiday next week. When are you going to be back? Then we can get together, have a meal and play cards.”

Yucheng Village has been busy creating three groups. Villagers certainly give their full support, but there are still some young people who have not had their holidays outside, as well as some students.

They were not clear about the situation outside and naturally did not have the same feeling as in the village. Their understanding of Chen Yuan also remained at the previous stage, even when he was a little kid.

Just join the group, as for other messages, it will not affect their rhythm.

……

Chen Yuan didn’t know what these young people were thinking. Of course, even if he knew, he wouldn’t care. After sending out the promotional message, he continued to immerse himself in editing the script.

But Qin Fen was always paying attention.

“The number of reservations has exceeded 5,000.”

“There are over 10,000 reservations.”

“The reservation is up to 20,000.”

“This is going to be a hit.”

Qin Fen would check the reservation situation every once in a while, and he would become extremely excited as he watched the number of reservations increase.

Especially before the launch at midnight, the number of reservations approached 50,000, which made Qin Fen dance with excitement. Even the entire crew and employees of Yucheng Film and Television cheered for him.

According to the current revenue-sharing standards in the online movie industry, each platform initially followed the effective VV method. Although there were some differences in the number of viewing minutes, the revenue-sharing model was the same.

And there are only two types of distinction, exclusive and non-exclusive.

The unit price of non-exclusive products is basically 1 to 1.5, while the unit price of exclusive products is around 2.5. The exclusive unit price that a certain art company gives to Taoist priests is 2.5.

(Note: The profit-sharing model was a bit confusing during the wild growth period. The policies of various platforms were adjusted at any time, and various rating models changed. Do not refer to reality, and the novel shall prevail.)
“It almost means that half of the cost is recovered before it goes online. Online movies are indeed a highly profitable industry.”

Qin Fen even wanted to open the champagne in advance.

But what really excited him was yet to come.

On the 8th, it was officially launched. Qin Fen continued to promote it in a small circle of friends, and Chen Wenbin also sent messages to promote it in the group of Yucheng Village.

There is no specific data. Online movies are different from those on the big screen. There are no real-time box office updates. Unlike those on the big screen, the box office may exceed 100 million in three hours, or reach some other height in five hours.

The online movie box office share is updated on a daily basis, at least for now. As for whether real-time data will appear in the future like on the big screen, that is a matter for the future.

But even so, it did not affect Qin Fen’s excitement.

Because judging from the popularity and the number of people who rated it, the number of effective clicks and plays will never be low.

“It’s just that this rating is a bit low.”

Qin Fen felt a little bitter when he saw that the score just barely reached 7. This was only the beginning, and there were many friendly viewers, so there should have been many high scores. The scores will only be lower in the later stages, and it might just be barely passing.

But he didn’t know that in the online movie industry, a passing score is already considered a high score, and the ratings of many high-quality blockbusters are even below five points.

One can imagine the level of the online movie industry during its wild growth period.

……

On the 8th, Qin Fen, Chen Wenbin, and the product placement sponsors Yang Wei and Huang Jie, as well as villagers and customers in the fishing ground group, many people were watching and promoting the event.

the next day.

I don’t know how many people are looking forward to the first day’s box office revenue.

Yang Wei and Huang Jie called early, and Chen Wenbin also asked during breakfast, but Qin Fen was in charge of these matters. Since he didn’t give him any news, it meant that the box office data had not yet come out.

“Dingling bell~”

It was not until nine o’clock that Chen Yuan received a call from Qin Fen.

“Brother, guess how much the Taoist’s share of the box office was on the first day.” As soon as the call was connected, before Chen Yuan could speak, Qin Fen’s extremely excited voice came from the other end.

“How much?” Chen Yuan smiled indifferently.

Although compared to the previous life, “The Taoist” was launched earlier and chose a certain art channel as an exclusive, Chen Yuan is still full of confidence in it and believes that the first-day box office will definitely not be bad.

And judging from the excitement in Qin Fen’s words, his prediction was also confirmed.

“Haha, you may not believe it, but I was also shocked when I saw this number. I even went over there to confirm it. It was like a dream.” Qin Fen was very emotional.

Chen Yuan didn’t ask.

He could understand Qin Fen’s feelings at the moment, which was a feeling of unreality that was far beyond his expectations. Moreover, from the establishment of the company to the opening ceremony, the high-intensity and desperate filming, and the overtime post-production, all of them were tied to one thing, which was the final effect.

Taking all these factors into consideration, one can imagine how Qin Fen feels at this moment.

“Clap.”

Chen Yuan put down his phone and turned on the speakerphone. He first drank a sip of tea, then picked up the cigarette box and lit a cigarette, waiting quietly for Qin Fen to calm down his excited heart.

“46.”

The sound of a lighter was also heard from the other side. Qin Fen took a deep breath, exhaled longly, and said a number heavily.

“Not only did the first day’s box office revenue fully recover, but it also made a small profit of more than 100,000 yuan. There are still three months of box office revenue to go. This online movie can make at least several million yuan.”

Qin Fen’s voice was still trembling a little, and he could not hide his excitement.

Four hundred and sixty thousand.

The total investment in the first part of “Taoist” was less than 300,000 yuan, with a three-month profit-sharing period, averaging 100,000 yuan per month. The investment can be recovered with a daily box office of more than 3,000 yuan.

As a result, the box office share on the first day was as high as 460,000, and the film was profitable in the following three months. According to this trend, it will make at least one million.

In an instant, concerns about financial tightness, possible window periods, and even potential crises disappeared.

Chen Yuan was right, just wait and count the money.

This feeling is so great.

“Four hundred and sixty thousand? Not bad.”

For Chen Yuan, who has witnessed various box office records in later generations, this result did not make him too excited. It can only be said that it is within the expected range.

“Four hundred and sixty thousand, brother. This is just the first day’s box office revenue. And you just say it’s not bad?” Qin Fen was a little surprised at Chen Yuan’s calmness.

You should know that he jumped up when he saw the data. After he was completely sure about it, when he told this number to Xie Di and others, he jumped up and down excitedly.

“This is just the beginning, there is still a long way to go. It’s like this now. What will we do when we see the final number? Won’t we faint from excitement?” Chen Yuan joked.

The box office boom period for online movies is about one to two weeks, which is half a month after they are online. This is the time when the box office is the best and the growth rate is the fastest.

The box office at this stage can account for almost one-third of the total box office. That is the time to look at the results and celebrate with champagne.

“That’s true. This is just the beginning. There are still three months to go. I feel that the three-month profit-sharing period is too short.”

Qin Fen wants to extend the online cycle.

Although the profit-sharing cycle for online movies is longer than that for big-screen cinemas, and will be free in the future, there will still be advertising profit-sharing.

But three months is still too short. Judging from the current box office share, after the online period ends, there may still be a lot of box office revenue every day.

It’s all money.

“When the profit-sharing cycle is over, you can make suggestions. I believe the platform will make adjustments.” Chen Yuan flicked the ash from his cigarette and suggested to Qin Fen.

During the period of wild growth, there was a lack of effective systems and supervision, so the entire industry seemed very chaotic. In addition, during this stage, various platforms competed with each other and various profit-sharing models changed frequently.

Although this is the pain that must be experienced in development, it still has an impact on some high-quality products. Since Chen Yuan has devoted himself to this industry, he naturally hopes to quickly return to the stability and prosperity of the second stage of his previous life.

“Okay, I’ll find a chance to make some suggestions.”

Qin Fen really listened to it.

“Yeah.” Chen Yuan responded.

The online movie industry needs these suggestions. It is precisely because of the suggestions of these content partners that the three leading companies, iQiyi, Youku and Tencent Video, have subsequently changed the profit-sharing period to six months, except for non-exclusives.

“Okay, I’m not going to chat with you anymore. I’m going to send this exciting news to the company group and mention the holidays and bonuses so that everyone can have more energy to work and have money for the New Year.”

The high box office share on the first day made Qin Fen in a good mood and gave him the confidence to give out bonuses.

“Remember to notify Boss Yang and Boss Huang as well. They both asked about it this morning.” Chen Yuan took the opportunity to bring it up. Many people are concerned about the results and are looking forward to the results.

After hanging up the phone, Chen Yuan called Chen Wenbin.

“Uncle Bin, the box office revenue has come out. It’s 460,000.”

Without hiding anything or keeping people on suspense, Chen Yuan directly told them the result.

“How many?”

Chen Wenbin on the opposite side seemed to be drinking tea. When he heard the number, he choked and coughed violently twice, then asked in surprise.

Chen Yuan repeated it with a smile.

Perhaps everyone was looking forward to the results of the online movie and everyone had their own expectations, but only Chen Yuan was not surprised by the results. The others were shocked by the results that far exceeded expectations.

“Oh my goodness, we got 460,000 on the first day. After the profit sharing is over, it will be at least 40 or 50 million.” Chen Wenbin’s voice was accompanied by swallowing, which was a sign of shock.

“It’s not that exaggerated.”

Chen Yuan shook his head and smiled to himself. Uncle Bin was simply multiplying the first day’s box office by the profit sharing period. If the result was really that good, Chen Yuan would laugh even in his dreams.

“The first-day box office revenue included a lot of friendly viewings, and the box office boom period for online movies is only one or two weeks, so the final box office revenue was far less than that,” Chen Yuan explained with a smile.

“That’s not bad. According to your estimated trend, this drama can make at least several million.” Chen Wenbin smiled embarrassedly, very satisfied.

I asked Chen Yuan a few days ago, and he was very confident about the box office share of this movie. The box office share on the first day was indeed beyond imagination and was very amazing.

“It should be more than that. There is a high probability that the profit will exceed eight figures.” Chen Yuan said calmly.

“How many?”

Another violent coughing sound came from the other side.

The first day’s box office revenue was enough to shock and delight Chen Wenbin. He boldly predicted that he could make several million, but Chen Yuan told him that the revenue could exceed eight figures.

That’s tens of millions.

According to the dividend ratio enjoyed by the village committee, the starting point is two million. The dividend from one movie exceeds this year’s dividend.

This is too scary.

“This is just my rough estimate. Wait a week or two to get a more accurate estimate.”

Judging from the results after its launch, this masterpiece by Taoist should be able to achieve similar results as its predecessor, and it will definitely reach the tens of millions level.

This can be considered as a warm-up in advance, so that when you really see the exaggerated results, you won’t be so shocked.

“If this data were made public, I’m afraid the entire Yucheng Village would go crazy.” Chen Wenbin on the opposite side took a few deep puffs of his cigarette and said quietly.

He is now looking forward to the year-end dividend.

With the stimulation of dividends and the support of such terrifying box office revenue from online movies, the villagers will definitely go crazy.

(End of this chapter)