1937年，谁站在科技与人文的 十字路口？ 作者 丨陈序宁 1937年，人类历史上第一部动画长片《白雪公主》登场，迪士尼为它赌上了一切，最后大获成功。 88年后，迪士尼翻拍的真人电影《白雪公主》于2025年3月在全球上映，口碑崩塌：豆瓣评分3.9， IMDb评分1.6。 技术的进步和资金的充裕，永远是生产好内容的双翼。但一部好电影的诞生，远比这复杂得多。 01 1937年，无论你走到世界的哪个角落，都能感受到时代的动荡与不安。 在美国，社会正处于大萧条的后半段，经济虽略有恢复，但仍有大量失业和贫困。年初，罗斯福在 他的第二次总统就职演讲中说，全国三分之一的人"住不好、穿不暖、吃不饱"。一个普通的美国四 口之家，每星期平均生活费约为30美元。 在英国 丘吉尔把自己用时8年断断续续写下的人物评论结集为《世界1937》 他在书里这样评价喜 剧大师卓别林：一个能同时控制眼泪和笑声的"完美演员"。丘吉尔还需要再等待3年，命运女神才会 把他推到首相的位置，带领英伦脱离至暗时刻。 在欧洲，墨索里尼和希特勒抱成一团，加上日本，法西斯统治下的德意日轴心国集团初步成型，同 时在东西方挑起战事，妄图用武力征服世界。罗斯福发出警告： ...

Core Viewpoint - Light Media's financial performance in 2024 showed a revenue increase of 2.58% to 1.585 billion yuan, but a significant net profit decrease of 37.09% to 244 million yuan. However, in Q1 2025, the company experienced a remarkable revenue growth of 177.87% to 2.974 billion yuan, driven by the success of "Nezha: The Devil's Child" [2][3][4]. Financial Performance - In 2024, Light Media's revenue reached 1.585 billion yuan, with a net profit of 244 million yuan, reflecting a 37.09% decline year-on-year [2]. - The first quarter of 2025 saw a dramatic revenue increase to 2.974 billion yuan, with net profit soaring 380.71% to 2 billion yuan, largely attributed to "Nezha: The Devil's Child" [2][4]. Box Office Performance - "Nezha: The Devil's Child" achieved over 150 billion yuan in box office revenue, breaking multiple records and becoming the only non-Hollywood film to enter the global box office top 50 [4][5]. - The film's box office performance allowed Light Media to earn approximately 2.9 to 3.2 billion yuan in Q1 2025, significantly contributing to the company's revenue [5][6]. Future Projects and Stability - Light Media has announced upcoming films, including "Unique" set for release during the May Day holiday, which currently ranks fifth in pre-sales among new releases [3]. - The company has a pipeline of 11 films planned for release after "Nezha 2," indicating a focus on maintaining revenue stability [8]. Investment and Expansion - Light Media has increased its investment activities, including a recent acquisition of a property in Beijing for 1.22 billion yuan, which will serve as its office space [7]. - The company reported a total cash investment expenditure of approximately 1.459 billion yuan in Q1 2025, indicating a strong commitment to future projects [7][8]. IP Development and Revenue Diversification - Light Media is actively developing derivative products related to "Nezha 2," aiming to enhance IP value and create additional revenue streams beyond box office earnings [6]. - The company plans to invest more in derivative products, which could open up broader market opportunities and stimulate growth potential [6].

昨天，发生了哪些财经大事？ 前妻分走逾9亿， A股又现天价离婚！ 威士顿4月20日晚间公告，公司近日收到公司实际控制人茆宇忠的通知，获悉茆宇忠与 XUXIANGFENG已办理了解除婚姻关系手续，并就股份分割事项作出了安排。 公告称，本次权益变动前，茆宇忠直接持有公司29,600,000股股份，占公司总股本的 33.64%；同时持有威士顿（上海）资产管理有限公司98.67%的股权，威士顿（上海）资 产管理有限公司持有公司21,000,000股，占公司总股本的23.86%，XUXIANGFENG未持 有公司股份。上述股份皆为有限售条件的锁定股份。 根据过出方与过入方签署的离婚协议，过出方将其所持有的威士顿20,000,000股股份，占 公司总股本的22.73%，分割至过入方名下。 本次权益变动前后，茆宇忠及XUXIANGFENG的持股情况如下： 公司公告还表示， 此次权益变动不涉及公司控制权变更，双方已签署一致行动协议，承诺 在重大决策中保持意见一致，以维护公司治理稳定。同时双方将继续共同遵守实控人此前作 出的股份锁定及减持承诺。 威士顿于2023年6月登陆创业板，最高价一度摸高至99元，目前总市值不足41亿元。 ...

文 | 《 BUG 》栏目 徐苑蕾 2025 年对于 TVB 而言可谓多事之秋，多位资深艺人公开炮轰公司内部管理问题，将长期 积累的矛盾彻底暴露，最引人注目的是近期两位老戏骨的连续发声。 老牌演员鲁振顺在内部会议上向管理层大吐苦水，指出近年因不时裁节目致收入大减。他其 后接受媒体采访时表示，"我也要交租和正常生活，全职洗碗都比我钱多。" 曾经叱咤华语影视圈的 TVB （香港电视广播有限公司），如今正深陷艺人流失、业绩下滑 与转型困局的多重危机。 近日，有老牌演员公开控诉 TVB 收入微薄，直言"全职洗碗都比当演员赚得多"，也有演员 炮轰公司内部派系斗争激烈，犹如现实版《甄嬛传》。这些争议不仅暴露了 TVB 长期存在 的管理问题，更折射出香港影视行业的整体萎缩。 在此背景下，近年来， TVB 头部艺人加速离巢，包括多位"视帝""视后"相继出走，导致公 司核心人才断层。与此同时， TVB 业绩持续低迷， 2024 年营收仅 33.23 亿港元，较 2014 年巅峰时期缩水超 40% ，并已连续 7 年亏损，累计亏损额高达 34.84 亿港元。 为寻求新增长点， TVB 押注电商与直播带货，但效果不尽如人意。 20 ...

演员控诉收入低： "洗碗都比我钱多" 2025 年对于 TVB 而言可谓多事之秋，多位资深艺人公开炮轰公司内部管理问题，将长期 积累的矛盾彻底暴露，最引人注目的是近期两位老戏骨的连续发声。 老牌演员鲁振顺在内部会议上向管理层大吐苦水，指出近年因不时裁节目致收入大减。他其 后接受媒体采访时表示，"我也要交租和正常生活，全职洗碗都比我钱多。" 此番言论随后引发广泛关注。面对舆论压力， TVB 总经理曾志伟回应，"长江后浪推前 浪，公司尽力保留旧人，但艺人需接受现实。" 文 | 《 BUG 》栏目 徐苑蕾 曾经叱咤华语影视圈的 TVB （香港电视广播有限公司），如今正深陷艺人流失、业绩下滑 与转型困局的多重危机。 近日，有老牌演员公开控诉 TVB 收入微薄，直言"全职洗碗都比当演员赚得多"，也有演员 炮轰公司内部派系斗争激烈，犹如现实版《甄嬛传》。这些争议不仅暴露了 TVB 长期存在 的管理问题，更折射出香港影视行业的整体萎缩。 在此背景下，近年来， TVB 头部艺人加速离巢，包括多位"视帝""视后"相继出走，导致公 司核心人才断层。与此同时， TVB 业绩持续低迷， 2024 年营收仅 33.23 亿港元，较 2 ...

尊敬的投资者，您好！按照公司拟定的 1234 发展战略规 划，公司将依托自身影视业务基础及浙江广电集团产业布 局，整合重组，打造开放的业务生态。公司将积极拓展业务， 纵向贯通内容生产-内容传播-IP 运营-IP 衍生开发产业链；横 向探索布局 VR 内容、元宇宙、大视听科技、电商经济、首 发经济、文旅、园区经济等新兴赛道，逐步突破单纯影视业 务的局限，挖掘内容 IP 的衍生价值。关于短视频业务会积极 探索与 Z 视介短视频频道以及其他短视频平台的多方位合 作。 3、公司作为浙江广电旗下的上市平台，未来发展有哪些 规划？能详细说说吗？ 尊敬的投资人，您好！公司 2025 年 2 月定增完成后，已 经进入了作为浙江广电资本市场平台发展的新阶段。公司拟 定了 1234 发展战略规划，明确了未来一段时间的发展目标、 发展定位和工作安排。 公司未来将打造影视新生态，构建产融新平台，致力于 成长为一家具备创新科技基因，持续提供优质内容和 IP，拥 有多元开放生态的平台型综合性文化传媒公司。公司将打造 一个智能内容工厂，以科技重塑内容；打造一个开放生态平 台，以生态定义价值。 浙江唐德影视股份有限公司 投资者关系活动记录表 ...

Core Viewpoint - The company, Lingmeng Media, is facing significant financial challenges, with a sharp decline in revenue and a net loss in 2024, attributed to the ongoing pressure on copyright drama profitability and a strategic shift towards lower-cost genres [1][9][12]. Financial Performance - In 2024, Lingmeng Media's revenue dropped to 657 million RMB from 1.22 billion RMB in 2023, marking a decrease of approximately 46.4% [7]. - The net loss for 2024 reached 184 million RMB, a stark contrast to a profit of 214 million RMB in 2023 [2][9]. - The gross profit fell to 108 million RMB, down from 481 million RMB in the previous year, resulting in a gross margin decline from 39.4% to 16.5% [6][7]. Content Strategy - Lingmeng Media introduced eight new dramas, primarily focusing on historical and modern romance genres, while notable sequels from previous years were absent from the lineup [1][15]. - The company has shifted its focus from high-cost reality-themed dramas to more cost-effective historical and modern romance productions due to the declining profitability of copyright dramas [12][17]. - The company produced three copyright dramas in 2024, but their performance was disappointing, with only one drama, "You Also Have Today," achieving a rating above 7 on Douban [3][5][11]. Short Drama Business - Lingmeng Media has significantly increased its short drama production, with over 40 short dramas released in 2024, although the overall profitability remains uncertain [20][21]. - The short drama segment generated 32.23 million RMB in revenue in 2023, a twelvefold increase, but the 2024 financial report indicates a more cautious approach due to rising costs and the competitive landscape [18][20]. - The company plans to produce around 200 short dramas by 2025, indicating a continued aggressive strategy in this segment despite the challenges [21].

Group 1 - The company announced its "1234" development strategy plan on March 31, 2025, aiming to become a platform-based comprehensive cultural media company with innovative technology genes and a diverse open ecosystem [1][3] - The company has signed a co-production agreement with iQIYI for a contemporary crime-themed drama series, with a total investment not exceeding RMB 245 million, fully funded by iQIYI [1][2] Group 2 - The company completed a private placement of 50.38 million shares at a price of RMB 8.19 per share, raising RMB 413 million to repay loans and supplement working capital, increasing the controlling shareholder's stake to 23.83% [2] - The "1234" strategy includes a foundation period of 1-2 years and a leap period of 3-5 years, with goals such as replicating mature businesses and creating a representative IP matrix for Zhejiang culture [3] - The company has a rich content reserve, with 14 TV series and several films in development, and is exploring diverse monetization paths, including interactive film and short dramas [4] Group 3 - The company forecasts revenues of RMB 298 million, RMB 407 million, and RMB 496 million for 2025-2027, with net profits of RMB 34 million, RMB 80 million, and RMB 118 million respectively, indicating a potential transformation into a diversified media company [5]

Core Insights - The Chinese film market is showing strong recovery signals since 2025, with record-breaking box office performances during the Spring Festival, indicating a growing demand for high-quality content [1] - Huayi Media is seizing the opportunity to enhance its content production capabilities, collaborating with renowned director Zhang Yimou on the sequel "Man Jiang Hong 2" [1][2] - The upcoming films "Xitai" and "Jiangyuan Nong" are expected to attract a wide audience through differentiated content, contributing to Huayi Media's potential for a breakout year [1][9] Film Highlights - "Man Jiang Hong 2" aims to surpass the original's box office of 45.44 billion, targeting over 60 billion, leveraging the strong brand effect of the original film [2] - The film retains the original cast and introduces new story elements, enhancing its long-tail value and potential for box office success [2] - "Xitai," featuring Chen Peisi, is anticipated to be a phenomenon in comedy, benefiting from a strong cast and a successful stage play adaptation [4][5] - "Jiangyuan Nong," directed by Peter Chan and featuring a star-studded cast, is based on a significant historical case, indicating high production quality and market potential [6][8] Market Outlook - Huayi Media's diverse film slate, including "Man Jiang Hong 2," "Xitai," and "Jiangyuan Nong," is expected to create a resonance effect between box office performance and audience reception [9] - The release of these films may help Huayi Media overcome current performance challenges and establish a sustainable growth trajectory [10] - The focus on high-quality content positions Huayi Media favorably in the market, suggesting potential for long-term returns for investors [10]

Core Insights - The rise of "micro-short dramas" in Sichuan, exemplified by the hit series "Home and Away," reflects the province's innovative exploration in the micro-short drama industry, achieving over 1.5 billion views across platforms [1] - The integration of government support and market dynamics is reshaping cultural dissemination through mobile platforms, highlighting Sichuan's unique position in this trend [1] Policy Support - Sichuan's government has officially included "network micro-short dramas" in its work report, signaling a commitment to fostering local culture and creativity [2] - The province has allocated 300 million yuan annually to support major artistic projects, with individual works eligible for up to 12.6 million yuan in funding [2] - The "Shooting in Sichuan" service platform streamlines the filming process, allowing for rapid approval within six days [2] Production Support - Local government units have provided efficient support during the filming of "Home and Away," emphasizing a collaborative approach [3] - Sichuan Tianfu New Area promotes a "24/7 online support" service model to facilitate short drama production [4] Industry Development - Sichuan boasts diverse filming locations, from historical towns to modern studios, catering to the preferences of short drama audiences [5] - The province has established a robust film industry ecosystem centered around Chengdu, with over 2,000 film enterprises and a projected revenue of 104.2 billion yuan for 2024 [5] - The "Shooting in Chengdu" studio offers comprehensive services for various film projects, enhancing the region's appeal for filmmakers [5] Collaborative Efforts - The synergy between government and enterprises is driving the micro-short drama sector, positioning it as a new engine for various industries [7] - The "Follow the Micro-Short Drama to Travel" initiative has highlighted successful projects, attracting tourism and promoting local culture [8] - The ambition of Sichuan's micro-short dramas extends beyond local success, aiming for international recognition and cultural exchange [8]