Chapter 611: Purchase MGM Cinema

The financial turmoil in the United States continues to raging, people commit suicide every day on the New York Stock Exchange, and the stock index plummets by 60%.
Affected by this, the world economy was in a bleak state, and several European countries went bankrupt.
Although China Huaxia also received a strong shock, and its stock plummeted 34% overall, it was relatively good.
Hu Yaoting moved very fast. It only took a week to merge Jiujiu.com and Hongda into the new Jiujiu Music Network, in which Xia Hongda's shares fell to 21%.
As soon as the news came out, China Entertainment Group was in a big uproar, and pp Music Network was even more of an enemy. No way, Jiujiu Music Network is too strong now. After the merger, its market share has reached 58%, with a market value of 83 billion Chinese coins.
Although it is a difficult time, everyone knows that once the financial crisis is over, Jiujiumusic.com will surely take off.
The wedding of Xiao Yunhai and Zhao Wanqing is scheduled to be held on October 16th at the Manor House in Los Angeles.
Before October 1st, they posted 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 package a large passenger plane, which took off at 10 am on October 14.
Everyone only needs to rely on the invitation to board the plane.
After taking their wedding photos in China, the two rushed to Los Angeles on October 6. Yan Piaoyun and Xiao Yunling also went with them.
As for Xiao Yunhai's family, it is estimated that they will only be able to fly here tomorrow.
On October 7, Xiao Yunhai and others arrived at the manor villa.
Looking at the big villa that can only be seen on TV, Xiao Yunling was directly silly.
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 looked at the photos, but that was all partial. In any case, she never expected that the villa would 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 smiled slightly when he saw his sister's stupidity, and flicked her head slightly, and said, "Ling'er, are you stupid?"
Xiao Yunling said in disbelief, "Big Brother, this is really your home with Sister Wanqing. God, it's too big."
Zhao Wanqing took her hand and said: "The United States is very sparsely populated, and villas like this are not uncommon."
Yan Piaoyun asked, "How much did you spend?"
Xiao Yunhai said, "It's almost 100 million dollars."
Xiao Yunling opened his mouth wide and said, "One hundred million dollars. Brother, you are simply a prodigal."
As soon as the voice fell, Xiao Yunling immediately realized that there was a problem with his words, oops, and quickly said to Zhao Wanqing: "Sister Wanqing, I didn't say you."
Zhao Wanqing knew that she had no intentions, and said with a smile: "Why don't you let your brother buy one for you when you marry in the future?"
Xiao Yunling shook his head and said, "I don't want it. It's too big here, I'm afraid I will dizzy."
At this time, the butler Ivor Spencer came over with a smile on his face, 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 almost starving to death."
After eating, Xiao Yunling looked at the villa many times from the inside out with a look of excitement.
At night, I 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 any longer, so I chose a big room and fell asleep.
The next day, Xiao Yunhai's grandfather, parents, and aunt all came over, and he was naturally surprised at such a big villa.
Xiao Yunhai didn't pay much attention to the wedding. Besides, with the help of Yan Piaoyun and Chen Xiuzhu, Xiao Yunhai couldn't get in at all.
His most time is to go to the magic special effects company.
Due to the American financial crisis, Hollywood's small and medium special effects companies went bankrupt, and thousands of special effects technicians all became unemployed.
Xiao Yunhai asked Daniel to select more than two hundred outstanding technicians from this group of people to join the magic, and the signing lasted five years.
As for the other personnel, Xiao Yunhai plans to recruit again later.
Since Magic hasn't had much work lately, Xiao Yunhai asked most of his employees to go to Yanjing to learn the application of new special effects technology.
After getting married and spending his honeymoon, Xiao Yunhai is ready to shoot a blockbuster film that requires a lot of special effects.
After the plan to shoot "Zhu Xian" went bankrupt, Xiao Yunhai recalled countless Hollywood movies from his mind. After careful consideration, he finally chose "Inception" filmed by former Hollywood director Christopher Nolan.
After the film was released at the time, it received numerous praises, and its fans rated very high, second only to "Shawshank's Redemption" and "The Godfather."
More importantly, "Inception" is very suitable to be changed into a Huaxia movie. There are many fighting scenes in it. Xiao Yunhai can fully add Huaxia Kungfu.
While in China, Xiao Yunhai had already finished the script and contacted the crew team to determine the schedule.
The leading actors and actresses must be Xiao Yunhai and Zhao Wanqing. As for the other actors, he has not confirmed yet, but he also knows.
If nothing else, the show will start in mid-November.
That day, Kerry called Xiao Yunhai and asked him to eat steak in an Italian restaurant.
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 50s.
Kerry introduced: "Xiao, this is my father Phil-----Mr. Smith."
Xiao Yunhai was startled, and quickly stretched out his hand, smiled and shook Phil, and said, "Mr. Smith, I've admired your name for a long time."
Phil Smith laughed and said: "Each of each other. The "Jing Wu Hero" made by Mr. Xiao is very good, but I have watched it several times in a row."
After speaking, he made a gesture of please sit down.
Xiao Yunhai said: "I am really flattered that this movie can be liked by Mr. Smith. Mr. Smith, don't you know if you asked Kerry to invite me over?"
Phil smiled and said, "It seems that Mr. Xiao is also a quick-witted person. I heard Kerry say that Mr. Xiao is very interested in American theaters."
Xiao Yunhai nodded and said, "That's right. Last time, Kerry and I discussed about the theater chain. What I didn't expect was that a financial crisis broke out in the United States the next day."
Phil said: "At the beginning of this year, Wall Street reported that there might be an economic crisis this year, but after waiting for a long time, everyone thought it was a false alarm. Unexpectedly, it would suddenly detonate and with such intensity. It is so big that we all did not expect. Therefore, our preparations were not in place, which caused some problems in the company. Mr. Xiao, I wonder if you are still interested in our MGM theater at this time. What?"
Xiao Yunhai said: "Mr. Smith, do you want to sell me shares of MGM Cinema?"
Phil nodded and said, "That's right."
Xiao Yunhai asked puzzledly: "Why? It seems that the court hasn't decided yet?"
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, 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 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 cinema shares."
The original market value of MGM Cinemas was more than 62 billion U.S. dollars. Under the strong impact of this economic crisis, it has dropped sharply to 43 billion U.S. dollars. Waiting for a few 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 you at 70% of the current market price."
Xiao Yunhai frowned and said, "Mr. Smith, how much do you plan to sell to me?"
Phil said: "I can sell you 21% at most."
Hearing this number, Xiao Yunhai frowned slightly.
Phil accounted for 30%, and he accounted for 21%. That would add up to exactly 5 billion. In this way, Phil Smith could still have a controlling stake. As long as he has always supported him, the MGM cinema is actually still within his control and legal.
But 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 of 1:2.34 between the U.S. dollar and the Chinese currency, 6.2 billion US dollars is 14.5 billion Chinese currency, which already accounts for half of Xiao Yunhai's property.
This is very detrimental to his next purchase of China Cinema.
Thinking of this, Xiao Yunhai shook his head and said, "I may not be able to buy so much."
Kerry seemed to know what Xiao Yunhai was worried about, and smiled: "Xiao, you don't need to worry about China Cinema. At that time, we at MGM should be out of trouble and can help you get a mortgage from the bank. You know, The relationship between our MGM and the bank is very good."
Xiao Yunhai said: "Kerry, I need to go back and discuss with my wife. How about giving you an answer tomorrow?"
Kerry smiled and said, "Of course. Xiao, I heard that your wedding is about to be held, 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 Scarlet Invitation and looked at it curiously, and found that half of it was in Chinese and half in English. He couldn't help but smiled and said, "Your invitation is really interesting. Whether we can cooperate or not, I will I will definitely go."
Seeing that his son had such a good relationship with Xiao Yunhai, Phil was still very happy.
Before cooperating with Xiao Yunhai, Phil asked people to conduct a detailed investigation of Xiao Yunhai. He admired him for achieving such a high achievement in two years. More importantly, he has not had any scandals. The product is also surprisingly good.
For such an excellent young man, Phil naturally hopes that Kerry can have more contact with Xiao Yunhai.
After dinner, Xiao Yunhai returned home and told Zhao Wanqing about the matter.
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 take. Now, the dollar is depreciating wildly. In less than two weeks, the exchange rate with the Chinese currency has dropped from 1:3.12 to 1:2.34, and there may be more drops in the future. The more it drops, the more beneficial it is for us. MGM A 70% discount is not enough."
Xiao Yunhai said: "Wife, if we buy now, how much do you think is appropriate?"
Zhao Wanqing said: "Fifty percent."
Xiao Yunhai was startled and said, "You are too ruthless."
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 being too loyal. To the enemy, you can be cruel and unsparing. But to your friends, you can't do it. Husband, haven't you heard the saying that shopping malls are like battlefields? Even you No matter how good the relationship with Kerry is, we should not confuse public with private."
Xiao Yunhai frowned and said, "I don't have one."
Zhao Wanqing smiled playfully: "Dare you say that you didn't help Kerry's heart?"
Xiao Yunhai thought for a while, and had to admit that he did have the idea of ​​helping, and couldn't help smiling bitterly: "When you say that, I find that I am really not suitable to be a boss."
Zhao Wanqing said: "This is your strength, and it is also your weakness. You say you have a thick skin all day long, but in fact you are the person who needs the most face. Come on, husband, tomorrow I will be responsible for the negotiation with MGM ,how about it?"
Xiao Yunhai smiled and said, "Of course it's all right."
The next day, the two came to MGM Studios.
In the morning, Zhao Wanqing gave full play to her commercial talents and had a verbal battle with MGM's team.
After presenting facts and reasoning, the two parties 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 Xiao Yunhai and its Hanhai investment films will not be less than 40% in the first three days of MGM theaters ~ EbookFREE.me~ The schedule is determined by Xiao Yunhai.
Xiao Yunhai must unconditionally support all the decisions of the Smith family on the board of MGM Cinemas. Of course, the premise is not to harm Xiao Yunhai’s own interests.
These are the most important articles in the treaty, and there are even more details.
After the two parties 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 in the house. ."
Phil Smith also nodded, agreeing with Kerry's words.
Xiao Yunhai put his arms around Zhao Wanqing's fragrant shoulders, and smiled triumphantly: "That is, don't look at whose wife this is."
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