466. Chapter 466 Scene 466 United Artists New Owner
Both sides of the conference table were filled with senior executives of MGM in suits and ties, and powerful representatives from Sony and MGM, Fodi and Cannon led their respective teams to sit side by side in a row.
Li Xiaole, wearing a black suit, sat opposite MGM directors and Tom Cruise. It seems that MGM's team is not too surprised that Tom Cruise and Li Xiaole suddenly propose to join forces to acquire. In Hollywood, there are countless acquisitions and acquired companies every year. It is normal for competitors to work together.
What they just don’t understand is that the other buyers’ competitors United are suppressing the sellers, so why the two buyers United took advantage of MGM and raised their quotations... So there is no reason to change their minds in terms of MGM and Sony’s position.
Before signing the contract, both parties had to review the assets of the other party's company for the last time according to the process. Li Xiaole looked down at Lianmei's financial statements. The amounts were no longer surprising.
United Milan was founded by the great master of silly drama Chaplin in the last century. During that prime time of Hollywood movies, United Milan developed into one of the eight major companies in Hollywood within just 10 years.
However, after Chaplin withdrew from the company, the company began to have a long slump, relying on the 007 series to survive. In 1981, it was finally acquired by MGM's boss Cork. After Cork acquired it, he directly took the time to take the most valuable copyright of the 007 series. Since then, Lianmei has abandoned its years.
Of course, this does not mean that Lianmei is worthless. Lianmei also has many film copyrights for movie masters like Chaplin and Griffith, such as "Golden Sprint" (1925), "Modern Times" (1936), "The Great Dictator" (1940), "Stage Career" (1952), etc.... There are hundreds of movies in total.
However, in the current era, these classic black and white movies can hardly create much value in both the TV and video DVD markets.
Li Xiaole looked down at Lianmei's income and expenditures. The company had to pay taxes and administrative expenses every year, and the company had to spend more than 00,000 US dollars. There were also many donations from charitable funds in the company's account. They were all messes left in the early days. Although not much, it also made Lianmei look even more bloated. It is hard to imagine that a company with only seven employees would lose so much money every year.
The company with such a long history was actually squeezed into this by the profiteer Cork, the more he looked, the more uncomfortable Li Xiaole felt. However, today's meeting is not a meeting to make old accounts. Not to mention him, even Sony will not check these bad accounts. After all, Sony is a joint-stock company. If the MGM scandal is exposed, it will affect the stock price of Sony Group at that time, which will not be worth the loss for Sony, which only needs MGM film library.
Therefore, the forces on both sides of Fordi and Canon have maintained a delicate balance to this day.
"As long as you nod and agree, you can get the film library of United States, which is full of Chaplin's classic movies. Every year, film academies around the world buy these DVDs. Although the profit is not much, it can last for hundreds of years. In the long run, Mr. Li will definitely get a money-making machine." Fody sat in the chief on the left, with a flash of excitement flashing across her face, and she looked at Li Xiaole and Tom Cruise with a smile on her face and introduced.
Damn, it was obvious that we had made our money and pretended to be suffering a huge loss. These businessmen were so good at pretending. Li Xiaole cursed in his heart, turned around and looked at Tom Cruise, and Tom Cruise nodded.
In the current situation, although they knew it was a loss-making transaction, they had to do it.
"Sign the contract." Li Xiaole nodded, glanced at everyone, and said, "But I need to explain it first."
"Speak what you want to say quickly." Canon opposite him said impatiently. He was the person who was most disgusted by this deal. Tom Cruise's joining made him feel very unhappy, but he had no position to object, so he could only be angry in his heart.
"After we signed the contract, Tom and I were both the bosses of United States." Li Xiaole hugged Tom Cruise's shoulder and said: "I hope the group's parent company will support us in the media. I don't want Tom to continue to be treated unfairly by Paramount's mistball."
"If you let go of this, as long as you sign a contract, our group's Columbia company will be the most solid backing for the two in the media, and similar things will not happen again." Fodi smiled confidently and promised.
In fact, the six major companies have tacit understanding with each other. As long as the artists under the other party are, they will never deliberately slander them. They will only let their respective media reports be reported, because each of them has a strong media power behind them. If a media war is launched, all the big stars in Hollywood will have a sharp drop in their image, which is something that the six major companies are unwilling to see.
This is just like the principle that countries in the world that hold nuclear weapons will not go to war.
But in fact, according to what Li Xiaole knows, after Tom Cruise acquired United States in its original development, Sony did not come forward to protect his interests, which made the handsome guy unable to recover afterwards. It was not until many years later that he lowered his head and filmed "Mission: Impossible 4" with Paramount. He said this just to let Tom Cruise know that he was on his side, that's all.
After looking at Tom Cruise with gratitude, Li Xiaole and the others signed their own name under the contract. After several senior executives and directors including MGM CEO and Cannon also signed their name, the contract officially took effect.
The 2.20 million yuan acquisition fund was immediately transferred from the online bank to the MGM account and completed the acquisition. The deposits in the Black Pearl account were only a few million yuan left, and he even owed the bank more than 1 million US dollars in loan interest per month. The situation seemed to be much worse than before the acquisition.
After the meeting, the senior executives laughed and left the conference room. Tom Cruise seemed quite excited. While walking towards the elevator office, he assured Li Xiaole beside him:
"Don't worry~ Li, I know that your financial situation is in a difficult situation now. Don't worry, I will lend you how much money you need. I will also ask my good friends in my circle to introduce you to film some MV and short dramas, so that you can adapt to American culture, and then slowly enter the mainstream market. I believe in your ability, and you can make mainstream movies in at most three years."
Tom Cruise knows the difficulties that Asian directors are about to face when they first enter Hollywood. The biggest problem is that they express different cultures, such as American humor and emotional expressions, and the bigger problem is that the United States is a multi-ethnic immigrant country with many cultures such as Latinos, blacks, and European immigrants. Directors must understand these from all aspects to know how to shoot works for American audiences.
"No, Tom, I'm going to start preparing for a movie now." Li Xiaole smiled. Of course, he knew Tom Cruise had good intentions, and put his arms around his shoulder and emphasized: "A theater movie."
"You haven't finished laughing~ Lee? Even Ang Lee and Wu Yusen have to adapt for a while." While Tom Cruise was surprised, Wagner next to him frowned slightly. She seemed to guess why Li Xiaole was so confident. He must be planning to ask Tom Cruise to use his relationship to contact Hollywood front-line actors to participate in his movies.
"Okay, I'll imagine a solution for you. Give me the script first, and I'll find some friends to play~" Tom Cruise also thought so, although he felt helpless, he still promised, there's no way, who told him to have a guarantee just now?
But Tom Cruise and Wagner both were surprised that Li Xiaole actually rejected this proposal:
"No, Tom, you misunderstood. I'll prepare for this movie myself. I know you're about to be busy with the global promotional plan of Mission Impossible 3, and preparing for a new movie. You and your troubles are still there, I'll handle it myself."
Li Xiaole knew very well that he was just a small figure in the big league now, and there was no need to mobilize Tom Cruise's connections. Moreover, the two had just established a friendship, so it was not advisable to show an overly utilitarian attitude, which was more conducive to the long-term development of the new company. What he needed was a partner who could truly trust each other, not just colleagues who used each other.
"Lee, you really don't need my help?" Tom Cruise looked at him and doubted.
"That's not the case. I still need you to take time to tell me about your experience as a producer. I hope you don't refuse." Li Xiaole smiled.
"Of course this is OK~" Tom Cruise smiled happily, giving Wagner a "what do you think" expression.
In fact, as soon as she went back last night, Tom Cruise shared the process and results of the negotiation with Li Xiaole to Wagner. Although Wagner was surprised, after analyzing the whole thing, she began to strongly suspect that the negotiation was a scene made by Li Xiaole. She was an old man in business and was very familiar with these negotiation tricks, so she told Tom Cruise, a Chinese, was far from simple as he imagined.
From the sudden price hike, putting pressure on MGM, and the tension that kept not answering the phone to force them to the last moment, it all seemed like a carefully designed trap.
After Tom Cruise calmed down, he thought that things were a little strange, and he couldn't help but wonder if Li Xiaole was really deceiving him. But today, seeing Li Xiaole's calm attitude, his vigilance finally disappeared. He couldn't help feeling guilty. Look at Li Xiaole... He has a noble character and is so good that he has nothing to say. Compared to himself, he seems much more utilitarian.
Wagner did stare at Li Xiaole with his blue eyes, and intuition told himself that Li Xiaole was far from being as simple as he looked. Although he couldn't say anything... But she always felt that Li Xiaole had ambitions in her heart were no smaller than herself and Cruise...
Chapter completed!