Xinhua News Agency reporter Ren Long photo
On March 9th, Shanghai Film Group Party Secretary and Chairman Wang Jianer introduced the background of the establishment of the "Cinema Anti-epidemic Relief Fund" at the ceremony. On the same day, Shanghai Film Group announced that it would jointly launch a 1 billion yuan "Cinema Anti-epidemic Relief Fund" with Shanghai Film Co., Ltd. and Shanghai Jingwen Investment Co., Ltd. The "Cinema Anti-epidemic Relief Fund" set up this time is carried out by the Shanghai Film Group and other three parties through the joint investment and establishment of a joint venture asset management company to carry out business, using capital increase, equity participation, mergers and acquisitions and other forms to inject operations into related enterprises in the Yangtze River Delta region And development funds to stimulate the vitality of the industry. Xinhua News Agency, Shanghai, March 9th. Shanghai Film Group announced here on the 9th that it has jointly launched a 1 billion yuan "Cinema Anti-epidemic Relief Fund" with Shanghai Film Co., Ltd. and Shanghai Jingwen Investment Co., Ltd. to fully boost the Yangtze River Delta The cinema industry recovers. Since the outbreak of the new crown pneumonia epidemic, theaters and movie studios across the country have almost been "shut down". Cinema lines and upstream and downstream companies in the film industry chain have been affected. Some companies have suffered serious damage. The industry is looking forward to orderly resumption of work and production. On February 14, the Propaganda Department of the Shanghai Municipal Committee of the Communist Party of China issued the "Several Policies and Measures to Fully Support and Serve the Steady and Healthy Development of the City's Cultural Enterprises in Epidemic Prevention and Control" to "support" the sustainable development of all aspects of the cultural industry, including the cinema industry. Wang Yayuan, deputy director of the Propaganda Department of the Shanghai Municipal Committee of the Communist Party of China and deputy director of the Shanghai State-owned Assets Supervision and Administration Commission, said that in response to the problems encountered by the cinema industry, Shanghai will assist in multi-pronged relief, provide support for the common development of the industry, and help enterprises restore confidence.
Xinhua News Agency reporter Ren Longshe
The "Cinema Anti-epidemic Relief Fund" established by the Shanghai Film Group and other three parties through joint investment and establishment of a joint venture asset management company to conduct business, using capital increase, equity participation, mergers and acquisitions, etc. Relevant enterprises in the Yangtze River Delta region injected operating and development funds to stimulate the vitality of the industry. The first batch of 200 million yuan has been put in place.
According to statistics, there are currently about 2500 cinemas in the Yangtze River Delta region, which is one of the main box offices of Chinese movie box offices.
Party Secretary and Chairman of Shanghai Film Film Group Wang Jianer believes that the long-term positive trend of China's film industry will not change. In the next step, Shanghai Film will rely on Shanghai's industrial advantages to further promote the building of the "Shanghai Culture" brand, to overcome the difficulties and achieve common development with counterparts across the country.
This is the inauguration ceremony of the "Cinema Anti-epidemic Relief Fund" filmed on March 9. On the same day, Shanghai Film Group announced that it would jointly launch a 1 billion yuan "Cinema Anti-epidemic Relief Fund" with Shanghai Film Co., Ltd. and Shanghai Jingwen Investment Co., Ltd. The "Cinema Anti-epidemic Relief Fund" set up this time is carried out by the Shanghai Film Group and other three parties through the joint investment and establishment of a joint venture asset management company to carry out business, using capital increase, equity participation, mergers and acquisitions and other forms to inject operations into related enterprises in the Yangtze River Delta region And development funds to stimulate the vitality of the industry.
