1 billion deficit, 466 million yuan was enforced, Wu Xiubo was deceived to bankruptcy, netizens: Heavenly reincarnation

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Editor-in-Charge | drizzle

Recently, Wu Xiubo was forced to pay 466 million yuan to the hot search, according to his own disclosure, he was set up by someone with a fake contract and went bankrupt, what is going on?

In 2015, Wu Xiubo came up with an idea, he wanted to retell the story of the Three Kingdoms from Sima Yi's perspective, and the title of the play was "Sima Yi".

This idea was learned by his friend Zhang Jian, who also thought that this drama would be very promising.

Wu Xiubo and Zhang Jianshi met in 2011 and have always been known as friends, and there has been no cooperation before.

Now that we have a good idea, we must want to cooperate for a win-win situation.

Zhang Jian is the deputy general manager of a cultural media company, and he is very appreciated by his boss Jin Hongxing, and he happens to be looking for project investment.

hit it off, and the two decided to start filming "Sima Yi", since it is a big production, they must find more investors to invest.

In this way, at the end of 2015, Jiangsu Huali, represented by Zhang Jian, and the veteran film and television company Meng Jiangwei signed a "joint investment agreement", agreeing to invest 150 million yuan, with both parties contributing 50%, and the two companies share film and television copyrights.

Among them, Jiangsu Huali is responsible for the filming and production of the film, and Meng Jiangwei is responsible for distribution.

At this point, it is not difficult to see that Wu Xiubo is a "worker".

But the idea is what you think, and you are optimistic about its prospects, so you must want to make more money.

Therefore, in the same year, Wu Xiubo registered and established a company called Fuji Company Media Co., Ltd. in Khorgos, holding 99% of the shares.

At the same time, after signing an investment agreement with Mengjiangwei, Jiangsu Huali drafted another document and reached an agreement with Fuji Company, indicating that Fuji Company was the contractor and was responsible for filming and production.

And this is all facilitated by Zhang Jian, the middleman, plus the trust in his friends. In addition to serving as a producer of Jiangsu Gorgeous, Zhang Jian also works part-time as a producer of Fuji Company.

In addition, Zhang Jian is also responsible for the daily management of the crew and the supervision of financial expenditures.

If he knew that he would be deceived in the future, even if he trusted his friend Zhang Jian, Wu Xiubo would not have let him hold so many important positions.

Everything is ready and it will be ready to start as scheduled.

On the eve of the start of filming, Zhang Jian, who is the daily manager of the crew, said: "The budget is not enough, and it needs to be added." ”

After re-budgeting, the original budget of 150 million yuan was increased to 220 million yuan.

After all, he was very optimistic about "Sima Yi", and he didn't say anything about the additional investment, and after signing the "Supplementary Agreement 1", he happily paid the investment of 100.25 million yuan.

Unexpectedly, this is just the beginning of the additional budget.

More than half a year after the launch of "Sima Yi", Zhang Jian once again proposed to increase the budget, this time the figure proposed is 360 million yuan, that is, after the original 220 million yuan, an additional 140 million yuan will be added.

The meeting was in Beijing, and Zhang Jian, Wu Xiubo, and the responsible persons of the alliance generalwei had a very unpleasant conversation.

Zhang Jian was emotional, he said that his boss Jin Hongxing had never invested such a huge amount of film and television dramas, and after evaluation, the risk was too great, and he planned to withdraw his investment.

Although Mengjiangwei did not withdraw its investment, they will not make additional investments due to their own capital situation and risk situation.

In view of this, Meng Jiangwei is willing to make concessions in terms of income, that is, they only enjoy the distribution income of Jiangsu Satellite TV, and the distribution income of the rest of the channels belongs to Fuji Company.

In this way, Zhang Jian, on behalf of Jiangsu Huali, which had withdrawn his investment, signed a "supplementary agreement II" with Wu Xiubo's Fuji Company.

The main meaning is that Jiangsu Huali divested and transferred 45% of the investment equity to Fuji Company, but participated in the preparation in the early stage and retained 5% of the investment income.

So far, Wu Xiubo and Fuji Company have changed from a worker to an investor.

In any case, "Sima Yi, the Great Military Division" completed filming and entered the final production stage.

Before the finale, another incident happened, under the mediation of Zhang Jian, Jiangsu Huali transferred the remaining 5% of the investment income to Horgos Premiere Times Culture Co., Ltd., which is the "supplementary agreement three" after that.

Divestment and transfer of the remaining investment rights, as of now, it can be said that the film and television drama "Sima Yi" has nothing to do with Jiangsu Huali, and Wu Xiubo only needs to return its previous investment.

But the question is, how much has Jiangsu Huali invested?

In fact, as early as when Jiangsu Huali withdrew its investment, Wu Xiubo communicated with Zhang Jian about returning the investment, but Zhang Jian replied that he needed to wait for the crew's final accounts to come out before he could clarify the investment funds of Jiangsu Huali.

According to the agreement at the beginning, Meng Jiangwei sent the investment money to Jiangsu Huali, and Jiangsu Huali integrated its own investment and transferred it to the crew's account together.

But how much Jiangsu Huali has invested? Only Zhang Jian, who wears many hats, knows.

Until the end of the filming, all parties urged Zhang Jian to make a decision, but Zhang Jian shirked in various ways, that is, he did not settle the account.

In June 2017, "Sima Yi" premiered on Suzhou Satellite TV, Anhui Satellite TV, and Youku.

After the first round of premieres, it was determined that the show covered the cost and made a profit.

All parties once again asked Zhang Jian to come forward to settle the accounts, but Zhang Jian had lost contact at this time.

Under pressure from many parties, the financial staff hired by Zhang Jian came up with bank statements, and what is shocking is that the crew that should have been profitable not only did not make a profit, but even had a deficit of hundreds of millions of yuan.

This time, everyone's attention focused on Zhang Jian's embezzlement of crew funds.

Before it was straightened out, Jin Hongxing, the boss of Jiangsu Huali, made an appointment to meet with Wu Xiubo, the person in charge of Meng Jiangwei, and the person in charge of the premiere era.

Jin Hongxing said that Jiangsu Huali has never withdrawn its investment, nor has it ever signed supplementary agreements two and three, as for why there is, it was signed by Zhang Jian with an official seal, which is a private act.

In his eyes, only the Joint Investment Agreement and Supplement I were recognized.

even questioned Wu Xiubo: "How can your legal person (Zhang Jian) sell my share?"

Wu Xiubo was dumbfounded, but this was not over, only to see Jin Hongxing take out two copies of the agreement, one is the "global exclusive agency distribution agreement" and the other is the "information network communication right agency distribution agreement".

Both agreements were signed between Fuji and Horgos Huali Culture Media Co., Ltd., which is controlled by Jin Hongxing.

Jin Hongxing didn't know about supplementary agreements 2 and 3, and Wu Xiubo didn't know about the two agreements that Jin Hongxing came up with.

With Zhang Jian's surrender, it can be seen from Zhang Jian's WeChat records that he has always maintained close contact with Jin Hongxing, does he really not know anything?

The case was complicated and entangled for 6 years, and in November 2023, Wu Xiubo finally waited for the Supreme Court's verdict.

As a sole investor, Wu Xiubo needs to be fully liable, and he and his company are forced to pay 466 million yuan.

In addition to not making money, Wu Xiubo also faced a loss of nearly one billion.

Wu Xiubo was sad and indignant in his heart, and sent three messages in a row to fight for himself, but this did not arouse the sympathy of netizens.

Some netizens said that he was self-inflicted, and some netizens said that they were all unscrupulous, but Wu Xiubo's skills were inferior.

What do you think about this?

Source: Weibo news on the official website of "Dragon and Tiger Roar".