After discussions, it was finally decided to allocate one billion yuan to purchase the land and properties needed for future cinemas, which was three hundred million yuan more than originally planned.
Although land prices at present were not as exorbitant as they would be in a few years, securing enough land to build a nationwide cinema network still required a massive amount of capital, and seven hundred million yuan might not be enough. After all, the tier-two and tier-three cities across the country totaled forty or fifty, not to mention prosperous second-tier cities like Hangzhou, Nanjing, Chengdu, and Chongqing.
These major cities possessed advanced economies and served as crucial box-office strongholds even at the current time. Therefore, it was impossible to build only a single cinema in each of these cities, and the land parcels would not come cheap either.
Chapter 409