Ye Jiayi took the Weidu Entertainment team and stayed in Shenzhen for almost a whole week.

There is very little rest time. Most of the time, she and her team stay in the Penguin Building and have final tense negotiations with Zhang Yanping's people.

The reason why it took so long does not mean that the negotiations were in difficulties. On the contrary, this shows that the communication between the two sides has reached a very deep level.

Otherwise, why should I be light? It would have been broken long ago.

A week later, Ye Jiayi returned to Shenghai with an unsigned contract.

This contract is the result of their discussion for a week. The two parties have basically discussed and approved the contents stipulated in the contract.

The contract is very complicated and there are many details, but the most important thing is actually these.

"Dimension Entertainment signed a contract with Penguin for ten years. In the next ten years, all film and television cooperation on all content in "League of Legends" will be carried out between the two of them and will be exclusive."

"Under this agreement, the total investment of each film and television work is jointly invested by both parties, and the investment ceiling is 50%. Both parties have the right to reduce or give up investment, and the vacant investment amount will be filled by the other party."

"Under this agreement, when any "League of Legends" movie is completed, a series of copyright income such as films, animations, peripheral derivatives, character image authorization, etc. of all the main characters appearing in the movie will become shared and distributed by both parties."

"The proportion of profit distribution obtained by Penguin Pictures is equal to their investment in the film, and an additional five percent is added to Dimension Entertainment."

"Dimension Entertainment promises to open at least eight movies about "League of Legends" in the next ten years, and the investment amount of each movie shall not be less than 600 million yuan, of which the first one must be produced within two years."

These are the overall framework.

Of course, there are many details here, but it is basically not particularly important.

In addition to these, there is another rule, that is, when any movie under this framework has a global box office of less than $100 million, Penguin has the right to terminate the agreement.

This is a very normal guarantee clause.

Suppose a movie "League of Legends" has not even achieved a global box office of 100 million US dollars, it would be equivalent to a huge loss.

According to the contract, the investment of each "League of Legends" movie is 600 million yuan, which is about 80 million yuan, or nearly 90 million US dollars. As a result, the global box office is 100 million yuan, which is obviously a big loss.

In this case, penguins need to have a lower limit that gives them the right to terminate their cooperation when the movie is in huge losses. Instead of having to accompany Weidu Entertainment to play on this boat after a huge loss.

In fact, this lower limit is very low.

Still at a cost of more than 80 million US dollars, the movie will have to get a box office of at least 300 million US dollars before it can make a profit. Of course, this refers to pure box office revenue, not counting as other copyright developments.

To put it bluntly, the so-called commercial movie is still a type of commercial investment. As long as it is an investment, no one can guarantee 100% profit - it is not a bank fixed deposit!

It is not difficult to make a movie with a global box office of 100 million US dollars. Even 300 million, 500 million, or even higher box offices are possible.

However, even the big Hollywood companies dare not say with their chests that every big investment movie they make can make money.

There are so many movies that are losing money, and there are many super high investments, but in the end, a group of people jumped off the building.

Ye Jiayi also agreed to the lower limit set by Zhang Yanping.

"If we invest 80 to 90 million US dollars in funding and make a movie, we can't even get a global box office of 100 million US dollars, then Weidu Entertainment might as well close the door."

This is what she said.

...

The contract between the two parties has basically been decided, but has not been signed yet.

This is a long-term cooperation involving two companies in the next ten years, and the funds involved may reach tens of billions of yuan, which cannot be settled in just one discussion.

At present, this can only be considered a draft. Next, the legal departments of both parties will conduct more in-depth research on the contract to ensure that there will be no ambiguity in each clause and that there will be no legal risks.

In addition, Van Zhe needs to nod the final nod; Penguin, the senior management of their group headquarters also needs to review it.

After Ye Jiayi returned to Shenghai, Fan Zhe saw the contract as soon as possible. Under Mr. Ye's explanation, Fan Zhe basically figured out what this contract was about.

"It's acceptable. As long as the legal authorities confirm that there is no problem in the contract, we can sign it."

"Yeah." Ye Jiayi nodded, and then said, "Then the content department here will have a lot of pressure to bear."

"It's okay." Fan Zhe said, "Eight movies in ten years, no big problem."

"It may be more than eight pieces," said Ye Jiayi. "If this series is done well, we may do more projects under this framework."

"I hope so." Fan Zhe nodded and sighed: "To be honest, I have played the game "League of Legends" for many years. In the past, I was looking forward to seeing movies about this game in the cinema. However, at that time, I never thought that the movie "League of Legends" would be made by myself."

Ye Jiayi smiled and then said seriously: "To be honest, this is a series that may eventually involve tens of billions of funds. If it becomes popular, it will even be more. This is also an opportunity for our company to take this opportunity to fly to a bigger stage. You have to work hard."

"That's necessary." Fan Zhe touched his face, his expression was already filled with excitement.

...

As we came and went, by the beginning of December, the contract was finally signed and officially had legal effect.

Since early October, the two sides have started to have initial contact. After two months of negotiations, it finally ended.

But this is just the beginning of the cooperation between the two companies.

Next, the two sides began to prepare for the first movie under the agreement.

Obviously, Penguin has been preparing for the film and television production of a huge IP of "League of Legends", for a long time.

However, in the past, it was only in the preparation stage. Now that the signing is completed, it is time to put it on the agenda.
Chapter completed!