At noon, Xiao Yunhai returned to the villa and found that there was basically no one at home. After asking around, he found out that everyone had gone out to play in groups.
Just as he was about to go to the dining room to eat, Xiao Yunhai suddenly heard the sound of a car. Soon, the butler, Ai Fu, came in with Dong Piaopiao and Su Yingxue.
Xiao Yunhai welcomed them into the living room and said with a smile, "Sister Xue, Piaopiao, aren't you a little too late?"
Su Yingxue said unhappily, "Don't mention it. There was a traffic jam on the road to Shanghai and we missed the flight that night. "
Dong Piaopiao said embarrassedly, "It's all my fault. If I didn't see that the fans were so enthusiastic and sang two more songs, we wouldn't have been late. "
Xiao Yunhai said with a smile, "That's not a bad thing. Let's go to the dining room to eat. "
Su Yingxue looked around and asked in surprise, "Where are the others? Didn't you say that you came together? "
Xiao Yunhai shrugged and said, "When I went out to do something, everyone went out for a stroll. After eating, you can also go for a stroll, but it's best to bring the manor's bodyguards. "
Su Yingxue shook her head and said, "You'd better prepare a room for us. We're so sleepy. The Academy Awards ceremony will be held the day after tomorrow. Piaopiao and I need to find a stylist at night. By the way, have you prepared your clothes? Or Haoyu Clothing? "
Xiao Yunhai said with a smile, "I don't think so. Because of the ban last time, I'm completely free. I don't even have a single endorsement. As for the brand of clothes to wear, I'll let Sister Mo decide for me. At the very least, I'll just wear something casually. "
Su Yingxue said with a smile, "That's true. With your current wealth, status, and popularity, no one will say anything even if you wear clothes that cost 20 yuan. Even those big brands might ask you to endorse them if they see you like this. "
Xiao Yunhai said indifferently, "Whatever. Let's eat first. We'll talk about other things after we're full. "
After eating, Xiao Yunhai asked the butler to find a room for them to rest, and he drove out again.
Last night, he received a call from Kree, saying that he wanted to discuss the issue of the third Harry Potter movie, "Harry Potter and the Prisoner of Azkaban". "
Due to the fact that the second movie, "Harry Potter and the Chamber of Secrets", had a very good schedule and coincided with the competition between film companies and theaters, there were almost no blockbusters. That was why the box office grossed more than five billion dollars. After deducting all the points, Xiao Yunhai and MGM each earned more than a billion.
Now that the second movie had ended, MGM certainly wouldn't let go of the third movie, "Harry Potter and the Prisoner of Azkaban".
Kree wanted to go to Xiao Yunhai's villa, but there were too many people and it was inconvenient to talk. Xiao Yunhai asked him to wait in the MGM Grand's office in the afternoon.
Soon, Xiao Yunhai arrived at Kree's office.
Seeing his appearance, Xiao Yunhai was instantly given a fright.
He saw that Chris's face was a bit pale, he was a lot thinner than the last time he saw him. His eyes were bloodshot, he probably didn't have a good rest, his expression was very dispirited.
"Kree, can you stop at night? If you continue like this, you'll be finished. "Xiao Yunhai thought that Kree could not control his lower body and joked.
Kree looked at Xiao Yunhai and forced a smile. "I'm not in the mood to joke. Xiao, I've been so worried that I can't sleep for a few days. "
Xiao Yunhai sat on the sofa and said, "Isn't it just a problem with the cinema chain? At most, we'll agree to those movie companies. So what? We'll just earn less money. "
Kree said, "Do you think I'll be like this because of this? Xiao, our MGM Grand is finished. "
Xiao Yunhai was stunned and said, "Are you kidding?"
MGM Grand Movie Company had been developing well in recent years. They had produced many good and popular movies, and their market value had reached 180 billion USD. They were ranked third among Hollywood's movie companies.
Xiao Yunhai simply didn't dare to believe his own ears when such a colossus actually said that it couldn't continue.
Kree sighed and said, "Xiao, my father and I are in big trouble. Someone wants to buy our MGM Grand's shares? "
Xiao Yunhai smiled and said, "So what? Your father, Mr. Smith, owns 56% of MGM Grand's shares, and you own 6%. Even if all the other shareholders sell their shares, it won't affect you. "
Kree shook his head and said, "If only business competition was as simple as you said. Xiao, although our MGM Grand is big and looks like a ferocious lion, it's actually strong on the outside but weak on the inside. In the eyes of those business tycoons, we can't even withstand a single blow. "
It turned out that in order to buy the Hua Xia cinema chain, various movie companies had taken loans from the bank. MGM Grand had taken a loan of 60 billion USD. In addition to the 70 billion USD from before, the debt had reached a terrifying 1,300 USD.
According to the contract, MGM Grand would have to repay the debt in a week. They had to repay 96 billion USD with interest.
Originally, they did not think much of it. In America, there was no company that did not owe money to the bank. The usual practice was to repay the interest first, and then repay the remaining principal as much as possible.
But this time, Kree was caught off guard. He had gone to look for the president of Citibank a few days ago to settle these procedures, but the other party not only did not agree, but also asked him to repay the debt as soon as possible. This was because they suspected that MGM Grand did not have the ability to repay the loan.
Kree was so angry that he laughed. Some time ago, he had just earned a billion USD from Harry Potter and the Chamber of Secrets, but the other party actually said that they did not have the money.
Kree immediately argued with the other party, and in the end, they parted on bad terms.
Thus, Kree went to another bank that had a partnership with MGM Grand, but the result was the same.
This time, Kree felt that something was wrong.
In just one day, he went to eight banks, but none of them were willing to provide them with a loan. The reason was the same, they were all worried that they did not have the ability to repay the loan.
In reality, MGM Grand really did not have the ability to repay the loan.
Kree and his father could only take out 30 billion USD at most. Compared to 96 billion USD, they still lacked 60 billion USD.
Seeing that they could not count on the bank, Kree and his father went around to borrow money from their friends, but no one was willing to lend them money.
One of Kree's good friends secretly told him that MGM Grand was being targeted by a Wall Street giant. Even if they had the money, no one would dare to lend them money.
Later, Kree found out that the one who wanted to deal with them was the Wall Street giant that now controlled Paramount, Steyr Networks.
The news of the Smith father and son going around to borrow money spread throughout Hollywood. In just three days, MGM Grand's stock plummeted by 20%. It could be said that it was a huge loss.
The other shareholders that were in cahoots with Steyr Networks started to protest at the board of directors. They demanded that Smith quickly turn the situation around. Otherwise, they would appeal to the court.
American business law clearly stated that once a company's market value dropped by more than 50%, the other shareholders could use the excuse of protecting their personal assets to apply for another chairman of the board of directors. When that happened, the result would be the same as Paramount's.
Under the deliberate suppression of Steyr Networks, MGM Grand's market value dropped from 180 billion USD to 120 billion USD. In a week, if they could not repay the bank loan, the stock would fall like a meteor shower.
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