For the first time, Le TV Film Industry has been listed on the list of dishonesty. Zhang Yimou, Guo Jingming and others have been locked up.

The storm spread further, and the former star company of the music and television department, the music and television film industry, was listed on the list of dishonesty for the first time.

The reporter of Securities Daily recently learned from China Executive Information Open Network that Le TV Film Industry (Beijing) Co., Ltd. was listed as a dishonest executee by the Third Intermediate People's Court of Beijing for violating the property reporting system. The filing date is January 24 this year.

A person familiar with the industry told the Securities Daily reporter: "Le TV Film Industry is indeed affected by Le TV, but the impact should be temporary. The darkest moment of Le TV Film Industry has passed, and now it is gradually getting better."

According to a report on the stock evaluation of Le TV Film Industry published at the auction in September last year, the reporter found that 11.51 million yuan in the bank account of Le TV Film Industry (Beijing) Co., Ltd. was frozen on December 18, 2017; Le TV Film Industry (Beijing) Co., Ltd. pledged 100% of the shares held by Le TV Film Industry (Tianjin) Co., Ltd. to Rongchuang Real Estate Group Co., Ltd. Le TV Film (Beijing) Co., Ltd. guaranteed 360 million RMB for the financing lease guarantee business of Holgos Le Hi Culture Media Co., Ltd. and Beijing Cultural Science and Technology Finance Lease Co., Ltd. and 3.75 million US dollars for the affiliated enterprises and Huamei Bank.

Le Video Film was founded in December 2011. It was first founded by Liu Hong, then vice chairman of Le Video Holdings and Le Video Network controlled by Jia Yueting. Zhang Zhao, the founder of Ray Film, was the CEO of Le Video Film. Then many stars joined the stock market, but they were locked up after the crisis.

According to incomplete statistics from the reporter of Securities Daily, in 2014 and 2015, more than a dozen stars, including Zhang Yimou, Li Weiran, Guo Jingming, Sun Li, Deng Chao, Sun Honglei, Li Xiaolu, Feng Shaofeng and Huang Xiaoming, have invested more than 100 million yuan in the film industry in the name of individuals or studios.

Among them, in October 2014, Zhang Yimou pledged 2.08 million new registered capital and obtained 1.8692% of the shares of Le TV Film Industry; in June 2015, Le An Film Yun, the former shareholder of Le TV Film Industry, transferred its investment of 5 million yuan in Le TV Film Industry to Guo Jingming at the price of 1 yuan per share, with a total transfer of 5 million yuan; in September 2015, Sun Li Studio paid 2.399 million yuan in new registered capital with Deng Chao's. Huixiang Huiying Studio subscribed 3.59 million yuan for new registered capital with 30 million yuan; Sun Honglei subscribed 2.399 million yuan for new registered capital with 20 million yuan; Li Xiaolu subscribed 599 million yuan for new registered capital with 5 million yuan; Feng Wei (Feng Shaofeng) subscribed 11.19 million yuan for new registered capital with 10 million yuan; Huang Xiaoming subscribed 599 million yuan for new registered capital with 5 million yuan.

In addition, the star-studded Beijing Jinyang subscribed to an additional registered capital of 13.79 million yuan for 115 million yuan. Enterprise survey shows that the shareholders of Beijing Jinyang Asset Management Center (Limited Partnership) include Jia Nailiang, Liu Tao, Li Chen, Qin Lan, Masu and many other stars. According to the business registration data in October 2015, Le TV's film industry was valued at about 6.9 billion yuan at that time.

In June 2016, Le TV announced that it planned to buy 100% of Le TV Film at a total price of 41.37 yuan/share price of 9.8 billion yuan. At that time, Le TV Film Industry ushered in the peak of valuation. However, with the outbreak of the crisis at the end of 2016, the value of the industry began to decline.

After Sun Hongbin became Jia Yueting's white knight, in May 2017, Lexus Holdings signed an equity transfer agreement with Rongchuang's Tianjin Jiarui. Lexus Holdings transferred its investment of 50.2 million yuan in Lexus Film to Tianjin Jiarui at a price of 420 million yuan. After the transfer, Lexus Holdings Holdings held 21.8122% and Tianjin Jiarui held 15%.

However, a paper auction in September 2018 showed that the valuation of Le TV film industry shrank sharply, with a 100% equity valuation of 3.481 billion yuan, a 64% decline from 9.8 billion yuan in 2016. At the final price of 531 million yuan, Tianjin Jiarui took all 21.8122% of the shares held by Le TV Holdings. At this price, the value of the industry was only 2.4 billion yuan, which was 75.5% lower than the peak in 2016.

At present, Tianjin Jiarui is the controlling shareholder of Le TV Film Industry, holding 42.81% of the shares. Jia Yueting and Le TV Holdings no longer hold the shares of Le TV Film Industry. Last March, Le TV changed its name to Le Chuang Entertainment, hoping to "de-entertain" and invested in films such as "The Movie" and "The Monument". In this year's Spring Festival filing, its investment in "The Bear Shows Primitive Age" has achieved 635 million box office results.

In the view of the industry, the current Le TV film industry not only has Zhang Zhao's team, but also has a background of financial innovation, relatively good background. Affected by the music and television crisis in the past two years, there have been some problems in foreign investment, but the whole film and television industry has also been affected in the past two years. For Le TV film industry, we need to find a sustainable development model, rather than rely on a single film pop.