Wu Xiubo, the "Great Army Division", was planted again

Produced by Radar Finance and Economics, edited by Li Yihui, Deep Sea

Wu Xiubo, who collapsed his house because he sent his 7-year lover to prison, was planted again.

On November 25th, the topic of "Wu Xiubo's response to being forcibly executed for 466 million" rushed to the hot search, and he said on the social platform after being silent for a long time, "I worked hard to film for the employer, and was set up by two liars with a case on my back, and set up a bureau with fake chapters and fake contracts!

And what triggered all this was the large-scale historical drama "The Alliance of Military Divisions of Sima Yi", starring Wu Xiubo. The drama is said to have an investment of 400 million yuan, Wu Xiubo is also the chief producer and director, and Netease Qingliu Studio has reported that the total income of "Military Division Alliance" is about 1 billion yuan.

However, disputes between the parties involved in the distribution of interests continued, and after several years of pestering, Wu Xiubo's Horgos Fuji Culture Media Co., Ltd. (hereinafter referred to as "Fuji Culture") finally lost the lawsuit, so it was recently enforced.

Wu Xiubo was once a well-known film and television actor in the mainland. As an actor, he worked as a resident singer, restaurant owner, clothing wholesaler, and even reversed foreign exchange before he became famous, etc., until he was over 40 years old, and finally became popular with "Before Dawn".

In addition to actors, Wu Xiubo's other side is a businessman, which may be inseparable from the influence of his ancestors' business traditions. He once revealed in an interview in his early years that his grandfather was a well-known local capitalist. After the success of his acting career, Wu Xiubo, like many artists, started commercial operations, invested in film and television companies, and opened his own company as a behind-the-scenes investor.

However, the performance of these projects is mixed, and the popular "Military Division Alliance" has become a confused account. Now with the farewell to the entertainment industry, Wu Xiubo's commercial value has been greatly reduced, and it is difficult to replicate the previous wealth story.

Caught in a billion interest disputes

In the highlight period of real estate development, it is very common for real estate bosses with a lot of cash to pour into the film and television industry to pan for gold.

In 2013, Jin Hongxing, a real estate owner in Yangzhou, Jiangsu Province, had the idea of making movies and TV series. So, this year, he established Jiangsu Huali Culture Media Co., Ltd. (hereinafter referred to as "Jiangsu Huali"), and signed a "memorandum" with Zhang Jian from Linkou County, Heilongjiang, to set up a branch in Beijing, invest in the shooting of movies and TV series, and the latter will serve as the deputy general manager to be responsible for the daily operation and management of the enterprise and the preparation of the branch related matters.

In the public information, there is almost no personal information about Jin Hongxing, but Yangzhou Huajie Real Estate Development Co., Ltd., which holds 51% of the shares, led the development of the first and second phases of Yangzhou Zhigu Huafu project.

Boss Jin entered the film and television industry and did what he said. In July 2013, Jiangsu Huali commissioned Zheng Wanlong, known as the "master of the screenwriting industry", to write the script, and paid 7.5 million yuan before and after. Subsequently, Jiangsu Huali also hired Zhang Yongxin as the director of "Military Division Alliance", and paid an honorarium of 150,000 yuan per episode.

On August 20, 2015, Jiangsu Huali signed the "TV Series" with Dongyang Mengjiangwei, a wholly-owned subsidiary of Contemporary Oriental Investment Co., Ltd

At the end of this year, the investors of the "Military Division Alliance" also finalized that Jiangsu Huali and Mengjiangwei signed a "Joint Investment Contract", each investing 50% in the filming of the TV series "Military Division Alliance", with an investment of 150 million yuan. Among them, Jiangsu Huali is the producer and script provider of the play, and Mengjiangwei Company is responsible for the global distribution of the play, and the income distribution method is that all the distribution proceeds are distributed according to the investment ratio of both parties after deducting 15% of the distribution agency fee of Mengjiangwei Company.

In the same year, Fuji Culture, which Wu Xiubo holds 99% of the shares, was registered and established in Khorgos, responsible for the production and filming of the play. It is worth noting that from the date of the company's establishment to November 8, 2017, Zhang Jian, as a producer, has been serving as the legal representative and general manager of Fuji Culture.

Wu Xiubo and Zhang Jian met in 2011 and did not work together until 2015. However, Zhang Jian's multiple identities on behalf of Jiangsu Huali and in Fuji Culture laid hidden dangers for a series of disputes that occurred later.

On January 25, 2016, due to the addition of actors Liu Tao, Li Chen and others, the above two investors signed a supplementary agreement to increase the investment amount to 220 million yuan, and the investment ratio of the two parties remained unchanged after the increase in investment.

In June 2017, "Military Division Alliance" exploded as soon as it was broadcast, with more than 7 billion broadcasts, and the online distribution income from Youku alone exceeded 600 million yuan, and some media statistics showed that the total cumulative income of the show was about 1 billion yuan.

But when it comes to the distribution of benefits, things get complicated. According to the Intermediate People's Court of Yangzhou City, Jiangsu Province, as of July 14, 2017, Jiangsu Radio and Television Group has finished broadcasting 42 episodes of the first season of "The Alliance of Military Divisions of Sima Yi". Jiangsu Radio and Television Group has paid 80.32 million yuan to Mengjiangwei Company for the program fee, and Mengjiangwei Company should allocate 36.8468 million yuan to Jiangsu Huali after deducting the distribution agency fee of 6.6264 million yuan, but it has not been paid.

Mengjiangwei's parent company, Contemporary Oriental, replied that according to the "Supplementary Agreement II" and "Supplementary Agreement III", all the proceeds from the broadcast of "Sima Yi of the Great Military Division" in Jiangsu Radio and Television Group belonged to Mengjiangwei Company.

Later, as Jiangsu Huali filed a lawsuit, the details of the supplementary agreement were exposed.

The original investment in "Military Division Alliance" was increased to 220 million yuan, and it was added to 360 million yuan for the second time due to various reasons, and this time the previous script of Jiangsu Huali was converted into an investment of 18 million yuan, accounting for 5% of the total investment budget after the addition of the play, and Fuji Culture also obtained 45% of the investment rights and corresponding rights of Jiangsu Huali in this play, and the transfer consideration was negotiated separately;

At the same time, due to the shortage of funds, Meng Jiangwei was unable to increase the investment funds, and transferred all his investment rights and related rights and interests in the play that had not yet been invested and paid to Fuji Culture;

In addition, if there is additional investment in the future, it will be added by Fuji Culture, and Mengjiangwei will calculate the proportion of the final actual investment amount of about 100 million yuan in the play, while Jiangsu Huali will account for 5% of the investment budget, regardless of the increase or decrease of the actual budget, it will remain unchanged. This is the main content of the two supplementary agreements.

However, according to the judicial appraisal, the official seals of Jiangsu Huali stamped in the two agreements were privately forged by Zhang Jian, a legal person of Fuji Culture, and Zhang Jian did not hold a power of attorney from Jiangsu Huali, and the court held that the Supplementary Agreement II and Supplementary Agreement III were not binding on Jiangsu Huali, and that it had the right to claim the distribution of income.

According to the content of the document issued by "@电视剧虎啸龙吟" on November 25, Jin Hongxing's Horgos Huali Company sued Fuji Culture to the Jiangsu High Court, and Fuji Culture lost the lawsuit, and was required to pay 50% of the other party's issuance income and liquidated damages totaling about 500 million yuan.

At the same time, Mengjiangwei, who had stood on the same side as Fuji Culture, also filed a lawsuit demanding 50% of the income and liquidated damages, and the principal claimed alone reached 300 million yuan.

"Businessman" Wu Xiubo

"The Alliance of Military Divisions" fell into a whirlpool of interests, and the fat that Wu Xiubo had on his lips would be carved up. But this is not the whole of Wu Xiubo's wealth territory, and his pursuit of wealth has begun in the early years.

Financial World Weekly once reported that Wu Xiubo's ancestral home is Suzhou, and he once revealed in an interview in his early years that his grandfather was a well-known capitalist in the local area, mainly engaged in the silkworm business.

After becoming famous, Wu Xiubo copied most of the obvious "acting and excellent business" advancement road, and took out a high salary to make a wide layout in the film and television industry.

In 2011, the film and television company Happy Blue Ocean was planning to go public, when Wu Xiubo subscribed for 4.6575 million shares at 45.0384 million yuan, and the subscription price was 9.67 yuan per share. Among them, Wu Xiubo paid 15.0384 million yuan, and the remaining 30 million yuan came from the equity mortgage, and the lender was Nanjing Yetu Trading Company.

Happy Blue Ocean was listed, and Wu Xiubo still held 4,657,500 shares. In 2016, Happy Blue Ocean paid dividends, and after the dividends, Wu Xiubo's shareholding increased from the original 4.6575 million shares to 5.589 million shares, and this number of shares has been maintained to this day. According to the latest closing price of 11.33 yuan per share of Happy Blue Ocean, Wu Xiubo's shareholding market value is about 63.3238 million yuan, and the floating profit is more than 18 million yuan.

In contrast, Wu Xiubo's stake in Contemporary Oriental was not so lucky. In 2014, Wu Xiubo subscribed for 15 million yuan of shares through the special asset management plan of Southern Capital-Contemporary Oriental Private Placement, and the non-public subscription price was 10.80 yuan per share.

At the beginning of the investment, driven by the bull market in 2015, the share price of Contemporary Oriental (unreverted) once approached 50 yuan per share. However, when Wu Xiubo's shareholding was lifted (August 13, 2018), due to the crisis of the capital chain of the "contemporary system" helmed by Wang Chunfang, Contemporary Oriental fell for 9 consecutive trading days after the resumption of trading, falling to around 7 yuan per share.

In March 2019, Southern Capital tried to complete the reduction of its holdings through share transfer, but due to the other party's "personal capital arrangement", the two equity transfers were aborted after 7 months.

After that, at the end of 2019, Southern Capital slightly reduced its holdings by 7.9138 million shares, with an average price of 6.358 yuan per share and a reduction amount of 50.3159 million yuan. In June 2022, as Contemporary Oriental entered the delisting period, Southern Capital cleared 93,938,100 shares at a transfer price of 0.27 yuan per share, and the total transfer price was 25,363,300 yuan.

Calculated together, the recovery funds of Contemporary Oriental Stocks held by Southern Capital are about 75.68 million yuan, which is a significant decrease from the original investment of 550 million yuan. And Wu Xiubo, who participated in it, the profit and loss situation goes without saying.

According to public information, Wu Xiubo's other loss-making transaction was the purchase of a luxury house in San Marino, Southern California, for $5.5 million in May 2015, and the transfer of $4.7 million below the starting price five years later.

Of course, compared with the risk of investment in shopping malls, Wu Xiubo's income in terms of salary and endorsement is stable and considerable. In 2012, with an annual income of 31.9 million yuan, he ranked 47th on the Forbes China Celebrity List.

In the 2017 Forbes China Celebrity List, Wu Xiubo ranked 26th on the list with an annual income of 100 million yuan.

Tianyancha data shows that there are currently 5 companies in which Wu Xiubo is a shareholder and exists, namely Happy Blue Ocean, Fuji Culture, Beijing Niujiaocun Catering Management Co., Ltd., Changxing Zhuoyi Film and Television Culture Studio (Limited Partnership) and Changxing Jiongyuan Film and Television Culture Studio (Limited Partnership).

From late bloomers to "collapsed houses"

In this world, some people become famous at a young age, and some people become "late bloomers" after going through ups and downs and tempering, and Wu Xiubo undoubtedly belongs to the latter.

There are many reports about Wu Xiubo's early life, his ancestral home is Suzhou, Jiangsu, born in Beijing in 1968, his father Wu Tianbo is a diplomat in Switzerland, and his mother Liu Xiuquan is a pharmacy worker.

Because of work, Wu Xiubo rarely saw his father when he was a child. But his father's taciturn personality still affected Wu Xiubo in his childhood, and he also didn't talk much.

In 1984, Wu Xiubo was admitted to the Railway Art Troupe, and soon he used his acting talent to go to nightclubs and became a celebrity in the Art Troupe at that time.

Wu Xiubo, who left the Railway Art Troupe, was still walking around, and when he was still walking around, Man Wenjun and Han Lei, who fought with him in the song hall, had become singers. Wu Xiubo was unwilling and wanted to take the path of a singer, but "There were unspoken rules in the music scene at that time, and if you wanted to be famous, you had to pay for it yourself and go to the radio to hit the charts." I had limited funds at the time, so I invested all my money in the album and didn't spend a penny on the charts. ”

Therefore, singing did not last long, and Wu Xiubo opened six or seven restaurants and made a small profit. Later, he also opened a beauty salon, poured electrical appliances and foreign exchange, and made some extra money, but it didn't last long.

In 2002, Wu Xiubo, who became a father, decided to return to his old profession as an actor, he worked hard and worked hard for several years in a row, until 2007, when he received a contract of more than one year to "become a professional actor".

In 2010, 42-year-old Wu Xiubo became an instant hit with the image of Liu Xinjie in "Before Dawn", and won the Golden Eagle Award for Emperor and Huading Award for Best Actor in one fell swoop. Three years later, "Beijing Meets Seattle" starring Tang Wei exceeded 500 million yuan at the box office, helping him become one of the first-line stars.

However, as time passed, the good image maintained by Wu Xiubo collapsed in early 2019. In January of that year, Chen Yulin's parents, who had previously revealed that they had 7 years of relationship experience with Wu Xiubo, issued an open letter, saying that their daughter had been detained on suspicion of fraud. It is reported that Chen Yulin asked Wu Xiubo for 40 million, and after Wu Xiubo coaxed the woman to return to China, he reported the case to the woman on the charge of extortion and put the woman in prison.

Affected by the incident, many of Wu Xiubo's film and television works failed to be released, and gradually faded out of public view.

But the disaster is not alone, this time it was executed 466 million, which made Wu Xiubo feel that he was killed to bankruptcy.

For Wu Xiubo's fate, Radar Finance will continue to pay attention.