Chapter 611 Buy MGM Theater

The financial turmoil in the United States continues, with suicides on the New York Stock Exchange every day, and stock indexes plummeting 60 percent.

Affected by this, the world economy was bleak, and several European countries went bankrupt.

Although Huaxia was also strongly shaken, and the stock plummeted by 34% in general, it was still relatively good.

Hu Yaoting moved very fast. In just one week, Jiujiu.com and Hongda were merged into a new Jiujiu Music.com, in which Xia Hongda's shares dropped to 21%.

As soon as the news came out, the Huaxia entertainment circle was in uproar, and the pp music network was even more like a formidable enemy. No way, Jiujiu Music.com is really too strong now. After the merger, the market share has reached 58%, and the market value is 83 billion Chinese coins.

Although it is a difficult time now, everyone understands that once the financial crisis is over, Jiu Jiu Music Network will surely usher in a boom.

The wedding of Xiao Yunhai and Zhao Wanqing is scheduled to be held on October 16 at the manor house in Los Angeles.

Before October 1st, they sent out the wedding invitation.

In order to make it easier for everyone to go to Los Angeles, the two also went to Yanjing International Airport and spent a lot of money to charter a large passenger plane, which took off at 10 am on October 14th.

Everyone only needs to rely on the invitation to board the plane.

After the two took their wedding photos in China, they arrived in Los Angeles on October 6th, along with Yan Piaoyun and Xiao Yunling.

As for Xiao Yunhai's family, it is estimated that they will be able to fly over tomorrow.

On October 7th, Xiao Yunhai and others came to the manor villa.

Looking at the big villa that can only be seen on TV,

Xiao Yunling was immediately dumbfounded.

When she was chatting with Zhao Wanqing on the Internet, she heard Zhao Wanqing say that they bought a big villa in Los Angeles, and they had seen the photos, but it was only partial. In any case, she did not expect the villa to be so big.

Even the well-informed Yan Piaoyun was a little shocked, let alone Xiao Yunling, who had never seen the world.

Xiao Yunhai saw his sister's silly appearance, smiled slightly, and flicked her head lightly, "Linger, are you looking silly?"

Xiao Yunling said in disbelief: "Big Brother, this is really the home of you and Sister Wanqing. God, it must be too big."

Zhao Wanqing took her hand and said, "America's land is sparsely populated, and villas like this are not uncommon."

Yan Piaoyun asked, "How much did you spend?"

Xiao Yunhai said: "About 100 million US dollars."

Xiao Yunling opened his mouth wide and said, "One hundred million dollars. Brother, you're such a loser."

As soon as he finished speaking, Xiao Yunling immediately realized that there was something wrong with his words, and hurriedly said to Zhao Wanqing, "Sister Wanqing, I didn't tell you."

Zhao Wanqing knew that she was being careless, and said with a smile: "When you get married in the future, how about asking your brother to buy you one too?"

Xiao Yunling shook his head and said, "I don't want it. It's too big here, I'm afraid I'll faint."

At this time, the housekeeper Ivor Spencer walked over with a smile on his face and said politely, "Sir, ma'am, lunch is ready."

Xiao Yunhai nodded and said to Yan Piaoyun and Xiao Yunling, "Let's go eat, I'm starving to death."

After eating, Xiao Yunling looked at the villa from the inside out many times with excitement.

In the evening, I also spent more than an hour in the swimming pool with Zhao Wanqing. In the end, I was so tired that I couldn't hold it anymore, so I chose a large room and fell asleep.

The next day, Xiao Yunhai's grandfather, parents, and aunt also came over, naturally surprised by such a large villa.

Xiao Yunhai didn't pay too much attention to the wedding. Besides, with the help of Yan Piaoyun and Chen Xiuzhu, Xiao Yunhai couldn't get involved at all.

Most of the time he went to the magic special effects company.

Due to the American financial crisis, the small and medium-sized special effects companies in Hollywood went bankrupt one after another, and thousands of special effects technicians became unemployed.

Xiao Yunhai asked Daniel to select more than 200 outstanding technicians from this group of people to join Magic, and one signing was for five years.

As for the other personnel, Xiao Yunhai plans to recruit them after a while.

Since Magic has not had much work recently, Xiao Yunhai sent most of the employees to Yanjing to learn the application of new special effects technology.

After getting married and honeymoon, Xiao Yunhai is ready to start shooting a blockbuster that requires a lot of special effects.

After the original plan to shoot "Zhu Xian" went bankrupt, Xiao Yunhai recalled countless Hollywood movies from his mind. After careful consideration, he finally chose "Inception" by former Hollywood director Christopher Nolan.

After its release at the time, the film received numerous accolades, with very high fan ratings, second only to "The Shawshank Redemption" and "The Godfather."

More importantly, "Inception" is very suitable to be changed into a Chinese film. There are many fighting scenes in it. Xiao Yunhai can completely add Chinese Kung Fu.

When he was in Huaxia, Xiao Yunhai had already finished the script, and at the same time contacted the production team to determine the schedule.

The male and female protagonists are definitely Xiao Yunhai and Zhao Wanqing. As for the other actors, he hasn't confirmed yet, but he has some idea.

If nothing else, the play will start in mid-November.

On this day, Kerry called Xiao Yunhai and invited him to an Italian restaurant for steak.

At five o'clock in the afternoon, Xiao Yunhai came to the restaurant and found that besides Kerry, there was a middle-aged man in his fifties.

Kerry introduced: "Xiao, this is my father Phil-----Mr. Smith."

Xiao Yunhai was startled, and quickly stretched out his hand, smiled and shook hands with Phil, and said, "Mr. Smith, I have long admired your name."

Phil-Smith said with a smile: "To each other. Mr. Xiao's "Fighting Heroes" is very good, but I have watched it several times in a row."

After he finished speaking, he gestured for a seat.

Xiao Yunhai said: "I'm really flattered that this movie can be liked by Mr. Smith. Mr. Smith, I wonder if you asked Kerry to invite me here?"

Phil smiled and said, "It seems that Mr. Xiao is also impatient. I heard from Kerry that Mr. Xiao is very interested in the American Cinema."

Xiao Yunhai nodded and said, "That's right. Last time, Kerry and I also discussed about the theater chain. What I didn't expect was that the financial crisis broke out in the United States the next day."

Phil said: "At the beginning of this year, Wall Street reported that there may be an economic crisis this year, but after waiting for a long time, everyone thought it was a false alarm. I didn't expect it to explode suddenly, and with such an intensity It was so big that we didn't expect it. Therefore, our preparations were not in place, which led to some problems in the company. Mr. Xiao, I wonder if you are still interested in our MGM theaters at this time. Woolen cloth?"

Xiao Yunhai said: "Mr. Smith, do you want to sell me the shares of MGM Cinemas?"

Phil nodded and said, "That's right."

Xiao Yunhai asked inexplicably, "Why? The court doesn't seem to have made a judgment yet, right?"

Phil said: "Although there is no decision yet, we already know the final result. The eight major Hollywood studios can keep up to 30% of the shares, and the rest will be sold. And I can't wait for that time now. ."

Kerry next to him said: "Xiao, let me tell you the truth, we at MGM are in urgent need of a capital turnover, so we want to sell you some of the theater chain shares as soon as possible."

Xiao Yunhai said: "Kerry, although we are good friends, in business, you should know that now is not the best time for me to buy shares in the theater."

The original market value of MGM Cinemas was more than 62 billion US dollars. Under the strong impact of this economic crisis, it has dropped sharply to 43 billion US dollars. After a few more days, it may even drop to 30 billion or even 20 billion. If you buy it at that time, Xiao Yunhai will undoubtedly take advantage of it.

Phil nodded and said, "So we are willing to sell it to you at 70% of the current market price."

Xiao Yunhai frowned and said, "Mr. Smith, how much are you going to sell to me?"

Phil said: "I will sell you twenty-one percent at most."

Hearing this number, Xiao Yunhai frowned slightly.

Phil accounted for 30%, and himself accounted for 21%, which added up to exactly 5 billion. In this way, Phil-Smith could still hold the controlling stake. As long as he supports him, the MGM theater chain is still within his control and legal.

But if he wants to buy 21% of the shares of MGM Cinemas, Xiao Yunhai needs to pay 6.2 billion US dollars.

According to the current exchange rate between the US dollar and the Huaxia currency of 1:2.34, 6.2 billion US dollars is 14.5 billion Huaxia currency, which has occupied half of Xiao Yunhai's property.

This is very detrimental to his next purchase of Huaxia Cinema.

Thinking of this, Xiao Yunhai shook his head and said, "I may not be able to buy so many."

Kerry seemed to know what Xiao Yunhai was worried about, and smiled: "Xiao, you don't need to worry about the Huaxia Cinema at all. At that time, we MGM should have gotten out of the predicament, and can help you get a mortgage loan from the bank. You know, We at MGM have a very good relationship with the bank."

Xiao Yunhai said: "Kerry, I need to go back and discuss it with my wife. How about I'll give you an answer tomorrow?"

Kerry smiled: "Of course. Xiao, I heard that you are going to have a wedding soon, right?"

Xiao Yunhai nodded, took out two invitations from his bag, and said, "Kerry, I sincerely invite you and Jesse to see my wedding with Wanqing."

Kerry took the red invitation, looked at it curiously, and found that half of it was in Chinese and half in English, he couldn't help smiling, and said, "Your invitation is really interesting. Whether we can cooperate or not, I will Will definitely go."

Seeing that his son had such a good relationship with Xiao Yunhai, Phil was still very happy.

Before collaborating with Xiao Yunhai, Phil asked someone to conduct a detailed investigation of Xiao Yunhai, and he admired him for having achieved such a high level of achievement in two years. More importantly, he has not had any scandals yet. The product is also surprisingly good.

With such an excellent young man, Phil naturally hoped that Kerry could have more contact with Xiao Yunhai.

After eating, Xiao Yunhai returned home and told Zhao Wanqing the matter.

Zhao Wanqing thought for a while and said, "Seventy percent is too high. This financial crisis is much more serious than before, and no one knows how long it will take. Now, the dollar is depreciating like crazy. In less than two weeks, the exchange rate with Huaxia Coin has dropped from 1:3.12 to 1:2.34, and it may drop more in the future. And the more it drops, the better it will be for us. MGM A 70 percent discount is not enough."

Xiao Yunhai said: "Wife, if we buy it now, how much do you think is suitable?"

Zhao Wanqing said, "Fifty percent."

Xiao Yunhai was startled and said, "You are too cruel."

Zhao Wanqing shook her head and smiled, "Husband, do you know what your biggest problem is?"

Xiao Yunhai asked, "What?"

Zhao Wanqing said: "It's just too loyal. You can be ruthless to enemies and show no mercy. But to friends, you can't do it. Husband, have you never heard the saying that shopping malls are like battlefields? Even if you are No matter how good your relationship with Kerry is, you shouldn't confuse public with private."

Xiao Yunhai frowned and said, "I don't."

Zhao Wanqing said with a playful smile: "You dare to say that you don't have the heart to help Kerry?"

Xiao Yunhai thought about it for a while, and had to admit that he did have the idea to help, so he couldn't help but smile bitterly: "After you said that, I realized that I really am not suitable to be a boss."

Zhao Wanqing said: "This is your advantage, and it is also your disadvantage. You say that you are thick-skinned all day long, but in fact you are the one who has the most face. So, husband, I will be in charge of the negotiation with MGM tomorrow. ,How about it?"

Xiao Yunhai smiled and said, "Of course it's fine."

The next day, the two came to MGM Studios.

In the morning, Zhao Wanqing gave full play to her business talents and had a war of words with the MGM team.

After laying out the facts and reasoning, the two sides finally reached a consensus.

Xiao Yunhai used 10 billion Chinese coins to buy 21% of the shares of MGM Cinemas, which must be a cash transaction.

MGM guarantees that the films invested by Xiao Yunhai and Hanhai will not be less than 40% in the first three days of the MGM theaters, and the schedule will be determined by Xiao Yunhai.

On the other hand, Xiao Yunhai must unconditionally support all decisions of the Smith Family on the board of directors of MGM Cinemas. Of course, the premise is that Xiao Yunhai's own interests are not damaged.

These are the most important articles of the treaty, and there are more details.

After the two sides signed the agreement, Kerry punched Xiao Yunhai and said, "Xiao, you are so lucky to have a wife like Wanqing. In your Chinese language, Wanqing is definitely a good helper. ."

Phil-Smith also nodded, agreeing with Kerry's words.

Xiao Yunhai put his arms around Zhao Wanqing's fragrant shoulders and smiled proudly, "That's right, don't even look at whose wife this is."

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