Xiao Yunhai had been taking care of his wife and children at home recently and knew nothing about the situation of the major companies in Hollywood. Furthermore, Daniel and the rest did not tell him, so he did not know that MGM Grand was in such a precarious situation.
Xiao Yunhai gasped and said, "Steyr Networks has a big appetite. They just swallowed Paramount and now they want to deal with MGM Grand. Do they want to be the king of Hollywood?"
Kree said, "Xiao, you have been in Hua Xia and do not know the current situation. Steyr Networks has controlled more than a dozen companies other than Paramount with their strong financial reserves. They are involved in almost all the entertainment industry, including TV stations, newspapers, advertising companies, distribution companies, animation companies, film special effects companies, and so on. Paramount is now a giant. If they swallow MGM Grand, they will become the super-large film company that dominates Hollywood once the movie theater chain is completed. Unfortunately, the other film companies are short-sighted and no one is willing to help us. "
Xiao Yunhai said, "I see. Kree, you did not invite me here today for Harry Potter, right? "
Kree nodded and said solemnly, "We originally wanted to sell the shares of Hua Xia Film Company, but you know the current situation. The movie theater chain is worthless and is not enough for us to repay the loan. Besides, even if we repay the loan, it is useless. Steyr Networks will not let us go. As long as my father is removed from his position as the chairman of the board, MGM Grand will not be able to escape the fate of being swallowed by Steyr Networks. Xiao, I know you are a loyal person. MGM Grand is now at the end of its rope. Only you can help us. "
Xiao Yunhai was stunned and said, "Kree, are you kidding? The other party is Steyr Networks, the real giant in the business circle. Although I have some money, how can I win against them? "
Kree said, "Xiao, you don't seem to have an accurate understanding of your position. Do you know what Wall Street's most famous Financial Times said about you? "
Xiao Yunhai shook his head and said, "You know that I'm not very interested in business. I definitely won't pay attention to the Economic Times."
Kree smiled bitterly. "Xiao, you are truly a miracle. You don't know how to manage a business, you're not good at negotiation, and you don't even know some common sense about business. Yet, you've achieved something that most people can't. You're simply a legend. "
Xiao Yunhai said, "What are you talking about? You speak as if I'm an idiot. Yes, I don't know much about business, and I'm not a qualified businessman, but I am very familiar with the entertainment industry. I know what can make money and what the people of the future need. In addition, I know how to delegate power, know how to make good use of people, and be generous to employees. As long as there are no major problems, the company will naturally develop well. The most important thing for a leader was not how much knowledge they had, but how much foresight they had. They had to be broad-minded and firm in their beliefs. They had to be able to point out the right direction for everyone. Everything else was nonsense. Do you understand, kid? "
Kree sighed. "Perhaps you're right, because you've already succeeded. The Economic Times has opened a separate page for you, detailing the future potential of your businesses. "
"They said that Magic City and Fantasy will become the world's strongest special effects company. The new Hua Xia cinema chain, the major North American cinema chains, and Jiujiu Music Network will bring you an endless stream of funds. As long as the four major departments of Marvel Comics are active, they will definitely shock America. The most impressive one is Yun Yi Shopping Network. As long as there are no problems with management, it won't be long before a super giant like Steer appears in Hua Xia."
"You're worth more than three hundred billion US dollars, but you only owe the bank thirty billion US dollars. With such an economic model, who knows how many business tycoons will call you a big fool. However, because of this, the whole world knows that you have sufficient liquidity. Hence, as long as you become a shareholder of MGM Grand, Steer will definitely back off. "
Indeed, although Xiao Yunhai had always been a spendthrift, spending five to six billion US dollars on projects without a second thought, the speed at which he earned money was fast.
Zhao Wanqing once told him that his businesses had brought him twelve billion US dollars in income last month. This did not include Magic Visual Effects and the North American cinema chain. It was faster than robbing a bank.
If he became a new shareholder of MGM Grand, the problem of MGM Grand would be solved.
Xiao Yunhai smiled. "MGM Grand Movies is not bad. Are you willing to sell me your shares?"
Kree shook his head. "Of course, I'm not selling my shares. I'm hoping that you can finance it."
Xiao Yunhai said, "Finance? How much are you willing to let me finance? How much can you give me? You told me earlier that MGM Grand's market value isn't very high now. Furthermore, I'm your savior. Shouldn't it be cheaper? "
Kree pursed his lips and rubbed his face. "If I hear anyone say that you don't know how to negotiate, I will give them a tight slap."
After thinking for a while, Kree said, "Thirty billion US dollars for twenty percent of the shares."
Xiao Yunhai frowned and said, "That won't do. I think I've lost a lot."
Kree said helplessly, "Xiao, shouldn't I say that you've gained a lot? You really don't have any business knowledge. If you don't believe me, you can give Wan Qing a call. I believe she will agree. However, I have two conditions. Under the premise that it doesn't harm your interests, you have to support us on the board of directors. Also, you have to lend us fifty billion US dollars to repay the loan. Within three years, we will return it to you with interest. "
Xiao Yunhai quickly gestured for him to stop. "Wait a moment. This involves eighty billion US dollars. I need to go back and think about it. "
Kree nodded and said, "I hope you can make a decision soon."
Xiao Yun laughed. "Don't worry. I will give you an answer the day after tomorrow. Oh right, I don't want to say this, but you and your father are too poor. After working in Hollywood for so many years, you can only take out thirty billion US dollars. "
Kree said with a long face, "Using a phrase from Hua Xia, you are a man with a full stomach who doesn't know the hunger of a hungry man. Do you think we can be like you and make billions just by making a movie? Let me calculate for you. Last year, among the eight major Hollywood movie companies, Disney made the highest profit, but it only made 6.2 billion US dollars. More than 60% of the movies lost money. Our MGM Grand is even more pitiful. We only made 4.3 billion US dollars in profit, and it was split among a few shareholders. Without the support of the cinema chain, we wouldn't even have the money to make a movie. "
Xiao Yunhai didn't think that Kree was complaining about being poor. He knew very well that movie companies didn't make much money. MGM Grand was able to make 4.3 billion US dollars just by relying on movies. It was already much better than Hua Xia's movie companies.
Take Zhao Mingsheng's Hanhai Entertainment as an example. The movies and TV dramas they filmed last year had good results. After calculating at the end of the year, they only made 3.4 billion Hua Xia dollars, which wasn't even a quarter of MGM Grand's. This income was already ranked third among Hua Xia's movie companies.
It could be seen that there was a huge gap between Hua Xia's movies and Hollywood's.
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