The financial crisis in America continued to wreak havoc. There were people committing suicide on the New York Stock Exchange every day, and the stock index plummeted by 60%.
As a result, the world economy was in a state of dismay, and several European countries went bankrupt.
Hua Xia was also affected, and its stock index plummeted by 34%. However, it was still relatively good.
Hu Yaoting's actions were very fast. In just a week, she merged Jiujiu Network and Hongda Music Network to form the new Jiujiu Music Network. Xia Hongda's shares were reduced to 21%.
Hua Xia's entertainment industry was in an uproar when the news spread, and PP Music Network was on high alert. Jiujiu Music Network was too powerful. After the merger, its market share reached 58%, and its market value was 83 billion Hua Xia dollars.
Although it was a difficult time, everyone knew that Jiujiu Music Network would rise rapidly once the financial crisis was over.
Xiao Yunhai and Zhao Wanqing's wedding was scheduled for October 16th at the Los Angeles Manor.
They sent out the wedding invitations before October 1st.
To make it easier for everyone to go to Los Angeles, the two of them went to Beijing International Airport and spent a huge sum of money to book a large passenger plane. It would take off at 10 am on October 14th.
Everyone only needed to show their invitations to board the plane.
After the two of them took their wedding photos in China, they rushed to Los Angeles on October 6th. Yan Piaoyun and Xiao Yunling went with them.
As for Xiao Yunhai's family, they would probably fly over the next day.
On October 7th, Xiao Yunhai and the others arrived at the Los Angeles Manor.
Xiao Yunling was dumbfounded when she saw the huge villa that could only be seen on TV.
When she was chatting with Zhao Wanqing online, she heard from Zhao Wanqing that they had bought a huge villa in Los Angeles. She had even seen the photos, but those were only partial. She did not expect the villa to be so big.
Even the knowledgeable Yan Piaoyun was shocked, let alone Xiao Yunling, who had never seen the world.
Xiao Yunhai saw his sister's dumbfounded look and smiled. He flicked her head and said, "Ling 'er, are you dumbfounded?"
Xiao Yunling said in disbelief, "Brother, is this really your and Sister Wan Qing's home? Heavens, isn't it a little too big? "
Zhao Wanqing held her hand and said, "America is vast but sparsely populated. Villas like this are not uncommon."
Yan Piaoyun asked, "How much did you spend?"
Xiao Yunhai said, "About 100 million USD."
Xiao Yunling's jaw dropped. "One hundred million USD. Brother, you're such a spendthrift. "
As soon as her voice fell, Xiao Yunling immediately realized that there was something wrong with her words. She exclaimed and quickly said to Zhao Wanqing, "Sister Wan Qing, I wasn't talking about you."
Zhao Wanqing knew that she didn't mean it. She smiled and said, "When you get married in the future, ask your brother to buy you one. How about it?"
Xiao Yunling shook her head and said, "I don't want that. This place is too big. I'm afraid I'll get dizzy. "
At this time, the butler, Ivor Spencer, walked over with a smile and said politely, "Sir, madam, lunch is ready."
Xiao Yunhai nodded and said to Yan Piaoyun and Xiao Yunling, "Let's go eat. I'm starving."
After the meal, Xiao Yunling excitedly looked around the villa from inside to outside many times.
At night, she even stayed in the swimming pool with Zhao Wanqing for more than an hour. In the end, she was so tired that she couldn't take it anymore. She chose a big room and slept.
The next day, Xiao Yunhai's grandfather, parents, and aunt all came over. They were naturally surprised by such a big villa.
Xiao Yunhai didn't pay much attention to the wedding. Besides, with Yan Piaoyun and Chen Xiuzhu's help, Xiao Yunhai couldn't do anything at all.
Most of the time, he went to the Magic Visual Effects.
Due to the financial crisis in America, many small and medium-sized special effects companies in Hollywood went bankrupt. Thousands of special effects technicians lost their jobs.
Xiao Yunhai asked Daniel to choose more than two hundred outstanding technicians from this batch of people to join the Magic Ace Mecha Clan. Moreover, the contract was for five years.
As for the others, Xiao Yunhai planned to recruit them later.
As there wasn't much work to be done in the Magic City, Xiao Yunhai sent most of the employees to Yanjing to learn the use of new special effects technology.
After the wedding and honeymoon, Xiao Yunhai was ready to shoot a blockbuster that required a lot of special effects.
After the original plan to shoot Celestial Bane went bankrupt, Xiao Yunhai pulled out countless Hollywood movies from his mind. After careful consideration, he finally chose Inception, which was shot by the famous Hollywood director Kree Christopher Nolan in his previous life.
After the movie was released, it received countless praises and high ratings from the fans. It was only second to The Shawshank Redemption and The Godfather.
More importantly, Inception was very suitable to be adapted into a Hua Xia movie. There were many fighting scenes in it, and Xiao Yunhai could add Hua Xia Kung Fu into it.
When he was in Hua Xia, Xiao Yunhai had already settled the script. At the same time, he contacted the crew and confirmed the schedule.
The male and female leads were definitely Xiao Yunhai and Zhao Wanqing. As for the other actors, he hadn't confirmed it, but he had a rough idea.
If there were no accidents, the movie would start shooting in mid-November.
On this day, Kree called Xiao Yunhai and invited him to an Italian restaurant for steak.
At five in the afternoon, Xiao Yunhai arrived at the restaurant. Other than Kree, there was also a middle-aged man in his fifties.
Kree introduced, "Xiao, this is my father, Phil Smith."
Xiao Yunhai was shocked. He quickly reached out and shook hands with Phil with a smile. "Mr. Smith, I've heard a lot about you."
Phil Smith smiled and said, "Same to you. Mr. Xiao's Valiant Heroes is very good. I've watched it several times. "
With that, he gestured for Xiao Yunhai to sit down.
Xiao Yunhai said, "I'm really flattered that Mr. Smith likes this movie. Mr. Smith, why did you ask Kree to invite me over? "
Phil smiled and said, "It seems that Mr. Xiao is also an impatient person. I heard from Kree that Mr. Xiao is very interested in the American cinema chain. "
Xiao Yunhai nodded and said, "That's right. Last time, Kree and I were discussing the cinema chain. We didn't expect a financial crisis to break out in America the next day. "
Phil said, "At the beginning of this year, Wall Street said that there might be an economic crisis this year. However, after waiting for a long time, it didn't happen. Everyone thought that it was a false alarm. We didn't expect that it would suddenly explode. Moreover, it was so strong that we didn't expect it to happen. Therefore, our preparations weren't in place, causing some problems in the company. Mr. Xiao, I wonder if you're still interested in our MGM Grand Cinema at this time? "
Xiao Yunhai said, "Mr. Smith, do you want to sell me MGM Grand Cinema shares?"
Phil nodded and said, "That's right."
Xiao Yunhai asked in confusion, "Why? The court hasn't decided yet, right? "
Phil said, "Although it hasn't been decided yet, we already know the final result. The eight major Hollywood film companies can keep at most 30% of their shares. The rest will be sold. Moreover, I can't wait until then. "
Kree said, "Xiao, to tell you the truth, MGM Grand Cinema is in urgent need of cash flow. Therefore, we want to sell you a portion of the cinema chain shares as soon as possible."
Xiao Yunhai said, "Kree, although we are good friends, business is business. You should know that now is not the best time for me to buy the cinema chain shares."
MGM Grand Cinema's original market value was more than 62 billion USD. Under the strong impact of the economic crisis, it had been sharply reduced to 43 billion USD. In a few days, it might even drop to 30 billion or even 20 billion. If he bought it then, Xiao Yunhai would undoubtedly benefit greatly.
Phil nodded and said, "Therefore, we are willing to sell it to you at 70% of the current market price."
Xiao Yunhai frowned and said, "Mr. Smith, how much do you intend to sell it to me?"
Phil said, "I can sell you at most 21%."
Hearing this number, Xiao Yunhai frowned slightly.
Phil took 30%, and he took 21%. That added up to 5 billion USD. In this way, Phil Smith could still have the controlling shares. As long as he continued to support him, the MGM Grand Cinema chain would still be within his control, and it would still be legal.
However, if he wanted to buy 21% of MGM Grand Cinema's shares, Xiao Yunhai would have to pay 6.2 billion USD.
According to the current exchange rate of USD to Hua Xia currency 1: 2.34, 6.2 billion USD was 14.5 billion Hua Xia currency. It already occupied half of Xiao Yunhai's assets.
This was very disadvantageous for him to buy Hua Xia Cinema.
Thinking of this, Xiao Yunhai shook his head and said, "I might not be able to buy so much."
Kree seemed to know what Xiao Yunhai was worried about. He smiled and said, "Xiao, you don't have to worry about Hua Xia Cinema at all. By then, MGM Grand should have gotten out of its predicament, and we can help you get a mortgage loan from the bank. You know, MGM Grand has a very good relationship with the bank. "
Xiao Yunhai said, "Kree, I need to go back and discuss with my wife. I'll give you an answer tomorrow, how about that? "
Kree smiled and said, "Of course. Xiao, I heard that you're going to have a wedding soon, right? "
Xiao Yunhai nodded and took out two invitations from his bag. He said, "Kree, I sincerely invite you and Jesse to my wedding with Wan Qing."
Kree took the red invitation and looked at it curiously. He found that half of it was in Hua Xia, and the other half was in English. He could not help but smile and say, "Your invitation is really interesting. Whether we can cooperate or not, I will definitely go. "
Seeing that his son had such a good relationship with Xiao Yunhai, Phil was very happy.
Before cooperating with Xiao Yunhai, Phil hired someone to conduct a detailed investigation on Xiao Yunhai. He was very impressed that he could achieve so much in two years. More importantly, he did not have any scandals, and his character was surprisingly good.
Such an outstanding young man, Phil naturally hoped that Chris could interact more with Xiao Yunhai.
After dinner, Xiao Yunhai returned home and told Zhao Wanqing about it.
Zhao Wanqing thought for a while and said, "70% is too high. This financial crisis is much more serious than before, and no one knows how long it will last. Now, the USD is depreciating crazily. In less than two weeks, the exchange rate with Hua Xia has fallen from 1: 3.12 to 1: 2.34, and it may fall even more in the future. And the more it falls, the better it is for us. A 70% discount on MGM Grand is far from enough. "
Xiao Yunhai said, "Honey, if we buy it now, how much do you think is suitable?"
Zhao Wanqing said, "50%."
Xiao Yunhai was shocked and said, "You are too ruthless."
Zhao Wanqing shook her head and smiled. "Hubby, do you know what your biggest problem is?"
Xiao Yunhai asked, "What?"
Zhao Wanqing said, "It's that you are too loyal. You can be ruthless to your enemies and not show any mercy. But you can't do that to your friends. Hubby, haven't you heard that the business world is like a battlefield? No matter how good your relationship with Kree is, you should not mix business and personal. "
Xiao Yunhai frowned and said, "I don't."
Zhao Wanqing smiled and said, "You dare to say that you don't want to help Kree?"
Xiao Yunhai thought for a while and had to admit that he did want to help. He smiled bitterly and said, "After hearing what you said, I realized that I am not suitable to be a boss."
Zhao Wanqing said, "This is your strength, but it is also your weakness. You always say that you are thick-skinned, but in fact, you are the one who cares about your face the most. How about this, hubby, I will be in charge of the negotiations with MGM Grand tomorrow. How about that? "
Xiao Yunhai smiled and said, "Of course."
The next day, the two of them came to MGM Grand Movie Company.
Zhao Wanqing fully displayed her business skills in the morning and had a war of words with the MGM Grand team.
After laying out facts and reasoning, both sides finally reached a consensus.
Xiao Yunhai used 10 billion Hua Xia dollars to buy 21% shares of MGM Grand Cinemas. It had to be a cash transaction.
MGM Grand guaranteed that Xiao Yunhai's and Hanhai's movies would have at least 40% of the showtimes in the first three days of MGM Grand Cinemas. The showtimes would be decided by Xiao Yunhai.
Xiao Yunhai had to support the Smith family's decisions unconditionally on the board of directors of MGM Grand Cinemas. Of course, the premise was that it did not harm Xiao Yunhai's own interests.
These were the most important clauses in the treaty, and there were even more minor details.
After both sides signed the agreement, Kree punched Xiao Yunhai and said, "Xiao, you are so lucky to have a wife like Wan Qing. In Hua Xia language, Wan Qing is definitely a good wife. "
Phil Smith also nodded and agreed with Kree's words.
Xiao Yunhai hugged Zhao Wanqing's shoulders and smiled proudly. "Of course, look at whose wife she is."
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