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范冰冰的4.35亿是怎么飞走的:证监会整治明星资本化

2016-06-28 09:36:24   一财网

就当《武媚娘传奇》在“剪胸”的热议中热播时,传来了唐德影视拟上市的消息。

2015年2月,唐德影视上市,在诸多明星股东中,范冰冰以129万股的持股数为第十大股东。公司的财报也显示,《武媚娘传奇》为唐德影视贡献巨大,该剧在2014年贡献的销售收入为2.68亿元,占当年公司总收入的71.51%;2015年实现营收5.37亿元,其中1.9亿又来自《武媚娘传奇》的二轮及之后的销售收入。

借助该剧,唐德影视拥有了范冰冰独家电视剧代理、非独家电影代理权,并按照影视剧收入的10%提取演艺经纪代理费。

除了是唐德影视的股东,范冰冰还在自己家族公司的运作之下,于2014年跻身福布斯中国名人榜综合排名第一位,收入为1.22亿元。

电影市场被稀缺明星资源“绑架”

范冰冰在娱乐圈的地位不断上升,然而,“范爷”在资本市场上却有着诸多不顺。

2007年,范冰冰离开了华谊兄弟,也错过了华谊兄弟2009年上市的资本盛宴。当年,冯小刚、黄晓明、罗海琼、李冰冰、任泉、张涵予、胡可等一大拨明星都因为手持大量华谊兄弟的股票资产大幅上涨。

而范冰冰直到唐德影视2015年上市后,才尝到了资本市场的甜头。此后,范冰冰成立了爱美神,唐德影视则试图通过收购其股权成就“范爷”,并通过捆绑“范冰冰”实现一个影视全产业链的平台战略。但由于明星本身的价值很难量化并计入公司收益,这一类资产重组成了证监会的主要整治对象之一,原因便是标的公司盈利能力具有较大不确定性。

范冰冰的男友李晨则“幸运”多了,他与冯绍峰等6名艺人共同成立了东阳浩瀚影视娱乐有限公司(下称“东阳浩瀚”),注册资金为1000万元,其核准日期为2015年10月21日。一天后,当时停牌3个月的华谊兄弟发布重大资产收购计划,拟以7.56亿元收购东阳浩瀚的艺人股东或艺人经纪管理人合计持有的70%股权。也就是说,这家刚成立的公司第二天即以10.8亿的估值卖出了70%的股权。

如果以此作为基准,范冰冰的8.5亿元估值似乎并不高,但这同时也意味着范冰冰在未来10年同样受到强大的约束力、业绩要求及巨大压力,毕竟,她主演的影视剧并不都是赚钱的。比如《王朝的女人·杨贵妃》投资成本超2亿元,票房只有1.34亿元,几乎让主投资方赔光。

“更为重要的是范冰冰在未来10年如何创造更多的商业价值,如果没有获得关注的影视项目,单靠智慧、美貌及其个人强大的人脉来创造商业价值的话,我个人是打问号的,毕竟一批95后的集美貌及演技的女演员已经成长起来了。投资小花旦的未来还是投资一个基本成熟的女明星以及衍生品,哪一个更划算,这是任何一个投资者都会考量的。”上述操盘手表示。

更为重要的是,影视公司频频被高价收购也引发了讨论,核心观点是,当明星一部戏的片酬报价占到制作成本的三分之一甚至更高时,对中国电影发展而言是一大“毒瘤”。“更为重要的是,中国诸多影视明星的高身价并不名副其实,遗憾的是电影市场被稀缺的明星资源‘绑架’了。”某上市影视传媒公司的董事局主席表示。

责任编辑:孙启浩 cn037
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