America's Road to Wealth

Chapter 137 Exclusive Interview
In the United States, in addition to MGM movies, there is also a MGM Phantom Group.

The MGM Phantom Group was the parent company of MGM Films more than [-] years ago.

After Kerkorian first sold an MGM movie.

MGM Mirage Group, the relationship with MGM Films was spun off.

Since then, MGM Films has become independent, and MGM Mirage Group is another company.

The main business of MGM Mirage Group is hotel, real estate and gambling industry, and its main business is concentrated in Las Vegas, Nevada.

It is Kerkorian's core corporate industry and the uncrowned king of Las Vegas.

This time, what Abel bought from Kerkorian was just an MGM movie.

If it is replaced by MGM Mirage Group, it is a giant with more than 200 of the top 100 in the United States. Don't even think about it without more than [-] billion US dollars.

MGM Mirage in Las Vegas.

MGM movies, like the other Hollywood Big Eight, are all in Los Angeles.

10 month 31 day.

Los Angeles, MGM movie headquarters.

This headquarters building is currently MGM's most valuable property.

It has 22 floors and was built in the 80s of last century.

The current value of the associated land is about 2.2 million US dollars.

However, the building has long been mortgaged in exchange for loans to maintain the company's development.

MGM's entire company, except for things like employees that cannot be used as collateral.

Basically anything of value, including film libraries and copyrights, was mortgaged.

This is why it has such a high debt ratio.

After all, if you want to borrow money, you always need some collateral.

Then take these things as collateral.

On the top floor of the headquarters building, in the company's largest conference hall.

The entire MGM executives gathered here today.

They had already received the notice yesterday.

Abe Smith, who has not appeared since the acquisition of MGM Films for nearly a month, has not appeared.

I'll be here for the first time today, chairing today's session.

Regarding Abel's arrival, the entire management is basically panicked.

The United States does not have the saying that a new official takes office with three fires, but it has a similar habit.

With a new boss, the company will never continue to be the same.

And among the panicked management.

most calm,
Instead, it's MGM's current CEO, Alex Yemenije.

Alex Yemenije took over MGM just last year and has been in office for less than a year.

The reason why he seemed calm was that Alex Yemenije knew that others might not leave.

But he himself will definitely be fired.

Because Alex Yemenije was from Kerkorian, or a confidant.

The company changed its boss, and he, the confidant of the original boss, couldn't stay in the same position.

Abel and Kerkorian had a private agreement, and they had already arranged for Alex Yemenije.

Alex Yemenije, the reason why after nearly a month, can continue to serve as CEO.

This is because Abel needs this guy.

During this one-month period, maintain and integrate MGM.

Abel, through Kerkorian, kept Alex Yemenije in office for another month.

It is to let Alex Yemenije be Abel's knife this month.

For nearly a month.

Alex Yemenije cut off many projects that Abel didn't like and abolished some bloated departments throughout the company.

MGM, which has 1440 employees, has been streamlined to just over 1000.

The knife had done its job, and Alex Yemenije knew it was time to be thrown away.

Fortunately, his old boss, Kerkorian, has reassigned him to work at MGM Mirage.

Alex Yemenije no longer has to worry about the future, and this month's villain has been very enjoyable.

Of course.

The cost of laying off company departments and company employees in the United States is very high.

Alex Yemenije fired employees as much as he could.

That was a new boss.

The new boss is also very rich and doesn't mind spending money to get fired.

Today Alex Yemenije, at this high-level meeting where Abel will also appear.

The only thing he wants to know is who will succeed him as the new CEO of MGM Movies.

At nine o'clock in the morning, the door of the conference room was pushed open on time.

The original MGM film executives who came in half an hour earlier.

When they saw a handsome and tall young man, they walked in first.

Abel Smith!
Everyone immediately recognized the identity of the person in front of them.

After all, since this month, the number of times he has been out of the country on the media in the United States is really too many.

Behind Abel, Wu pressure followed six or seven people.

They are all high-level executives of MGM movies, unfamiliar faces they don't know.

In the oppressive atmosphere, Abel did his part, walked to the main seat in the meeting room, and sat down directly.

The people who came with him.Standing silently behind him, they were uniformly dressed in black suits, giving these former high-ranking people a sense of oppression.

"Everyone, good morning."

After taking their seats, everyone saw Abel smiling and saying:
"I won't introduce myself. Everyone should know me. Those who don't know me don't need to stay in the company."

After the somewhat grim opening remarks.

Abel looked directly at Alex Yemenije, who was silent on his left.

"First of all, I would like to thank Mr. Alex Yemenije for his dedication to MGM in the past year."

"But now I think that Mr. Yemenije, he is no longer suitable to continue to be the CEO of our MGM movies."

Alex Yemenije, who had been mentally prepared for a long time, heard Abel call his name.

He stood up calmly and seemed relaxed:
"Yes. Due to personal work and personal ability issues, I will no longer continue to serve as the CEO of MGM Films."

"Okay." Abel nodded in satisfaction, "Mr. Yemenije, you can go out and collect your things now. Thank you for your dedication to MGM."

Alex Yemenije nodded calmly, he turned and left, and walked straight out of the meeting room.

As a private agreement between Abel and Kerkorian.

Alex Yemenije, the knife that Abel borrowed.

Played his final role as a knife, and severely shocked the senior executives of the original MGM movies left behind.

Let these high-level people realize that the new boss is playing for real today.

The CEO was fired as soon as it came up, and the CEO didn't even struggle to resist.

Alex Yemenije is like this, let alone them?
The uneasy atmosphere in the conference room intensified again.

Then they heard the voice of the new boss, which made them focus all their attention on a man in his 50s.

this man,

One of those suits that came in with Abel.

This person looks gentle and elegant, and when he smiles at the moment, he even looks a bit like Mickey Mouse.

"Let me introduce to you, this is Mr. Robert Iger. He was the chairman of Disney Animation before, but next he will be the CEO of MGM."

With a calm voice, Abel introduced the elegant and gentle Robert Iger.

"Now we have Mr. Iger, please introduce yourself."

Disney's animation chairman, come to be our CEO?

MGM executives were skeptical.

But Alex Yemenije had just been fired, and the boss sat on it again.

Robert Iger's entry met no resistance.

This looks exactly like Mickey Mouse, who has been the CEO of Disney for 15 years in parallel time and space, and has single-handedly made Disney's elite in Hollywood smile.

Under Abel's guidance, he stood in front of the seat where Alex Yemenije was sitting just now.

"Hi everyone, I'm Robert Iger. Maybe many people don't know me, but they should know me now."

"That's right, I was the chairman of Disney Animation in the past. But I was so impressed by Mr. Abel Smith's sincerity that he invited me to work here at MGM."

"I am very happy and hope that in the coming time, I can work with you to make MGM even more brilliant."

Robert Iger's voice also matches his looks.

Gentle and refined, it doesn't sound aggressive.

Abel nodded beside him, applauding David Jones in his heart for being able to recruit such a talent.

Due to the sudden acquisition of MGM this time.

Now that MGM is in his hands, Abel has not found a suitable candidate in his talent pool to take over MGM.

After much deliberation, he found that his side was the most suitable for the job.

There are only two michaels aka ovitz and levin

But these two Michaels, one is now the president of CAA, and it hasn't been two months since he took office again.

It is not certain whether it can be done well, after all, Ovitz was working as an intermediary before.

The other is the president of Isha and ab Smith Entertainment, Michael Levine.

Isha and AB Smith entertain and matter to Abe.

Abel couldn't find a trustworthy and competent manager to replace Michael Levine.

In addition, Michael Levine may not be able to be the president of MGM, he was also an intermediary before.

Apart from these two, Abel didn't have anyone suitable to be the head of a film company.

When helpless,

David Jones suggested to him that he might be able to find someone through a headhunter.

This is the best way when there is no one on your side.

Abel agreed.

Then David prepared five candidates for Abel through a headhunting company.

Among these five candidates, Abel picked Robert Iger at a glance.

This Disney animation chairman who has just taken office not long ago.

Mainly because he remembered,

In parallel time and space, the person who later replaced the current Disney president Michael Eisner and became the new Disney president was Robert Iger.

Combined with this Robert Iger's experience.

Abel confirmed that it was this Robert Iger.

Bring Disney in parallel time and space to the point where Hollywood is number one.

He immediately asked David Jones to contact the other party, and then let the headhunting company make the move.

Robert Iger didn't want to leave originally. He had been in Disney for several years.

He finally became a top management, and there are still many shareholders on Disney's side who like him.

But Abel has the money ability.

Abel offered him an annual salary that was twice as generous as his current salary as the chairman of Disney Animation.

And there are better benefits than him at Disney.

There is also the equity dividend that he cannot get in the short term in Disney.

MGM can give it here.

And Abel promised,
The funds that MGM lacks the most will not be lacking again.

In addition, before that, Abel had already waved his hand.

Take down James Cameron's latest mega production.

A budget of [-] million U.S. dollars is offered.

Whether it is Hollywood or the American entertainment industry, there has never been a boss who has been so generous.

Although Abel's behavior was privately ridiculed by those entertainment giants as "people are stupid and rich in money".

But this kind of person is a boss with a lot of money.

Isn't it Robert Iger's favorite type of professional managers?

The salary can be doubled immediately, the benefits are good, and there is a right to dividends in the future.

The boss is generous in terms of funds and budget.

Robert Iger hesitated for a week and finally decided to resign.

Immediately after resigning, he came to Abe's side and took over as CEO of MGM Films.

Alex Yemenije was fired from Lightspeed.

Robert Iger's takeover as MGM's new CEO has been uneventful.

After Robert Iger took the position of president of the company.

Abel started a new assignment.

Outside the CEO.

CFOs and CHOs,

That is, the chief financial officer and chief personnel officer were also replaced.

These two positions,
Abel directly promoted two outstanding employees from Smith Capital by airborne.

Then the former general manager of Marvel Entertainment was appointed as one of the vice presidents of the company.

The former general manager of Marvel Pictures, a subsidiary of Marvel Entertainment, was appointed as the deputy director of the film and television department of MGM.

Several former high-level executives of Marvel have fully integrated into MGM movies.

Marvel, with two or three kittens, officially became a subsidiary of MGM Films.

A series of new appointments, new personnel.

The original MGM executives naturally had to move their positions.

Some were fired directly, some changed jobs, and some were demoted.

Cooperate with the knife that Alex Yemenije used to attack the middle and lower levels of the company.

It can be said that for a while, the entire MGM movie was completely new.

And when all these personnel appointments were completed, Abel asked the new CEO Robert Iger to speak again.

Robert Iger is not long-winded, he has long been prepared.

This one is in a parallel time and space, after 2015.

The elite manager who has been rated No. 100 among the 1 most powerful people in Hollywood for many times, made many MGM executives feel refreshed when he opened his mouth.

Robert Eger says:

"...we need to invest the majority of our time and money into creating high-quality branded content."

".We need to embrace technology to the greatest extent possible, use technology to create higher-quality products, and then reach more consumers through more advanced and accurate methods."

".We have to become a truly global business."

"."

After Robert Iger finished speaking, Abel came out to make a closing statement.

"I'm not like Robert Iger. I trusted him and gave him the company."

"And all I can do is support him and MGM."

"Here I announce that I will inject another [-] million US dollars into MGM later!"

"Well, that's it. This is the end of the meeting. Please work hard."

By this time, in the meeting room.

For the first time there was sincere applause.

$[-] million in funding
None of the parent companies of Hollywood's Big Eight has ever been so generous!
But Abel did.

[-] million U.S. dollars has been injected in the past to invest in Cameron's new film and the development of new film shooting technologies.

Now it has injected another [-] million US dollars, two injections, more than one billion US dollars.

Such a generous, rich and rich boss.

Not to mention the previous MGM.

In the entire Hollywood or the entire American entertainment circle, there is no second one.

Who doesn't like such a "stupid and rich" boss?

End of the meeting,

Robert Iger went to work without stopping.

He led the senior management to another place for another small meeting.

That is the main dish of MGM today, and will determine the work of MGM in the next period of time.

For example, which movie to shoot, which TV series, which company to cooperate with and so on.

On Abel’s side, he didn’t leave.

When everyone had gone, David Jones entered.

"BOSS. The New York Observer reporter is waiting outside."

"Oh?" Abel was stunned for a moment, and then remembered it.

That is, he intends to let the "New York Observer" weekly conduct an exclusive interview with himself.

At the same time, this is also the first time he has been officially interviewed by the media since his head was reborn.

In fact, before this, several of the largest newspapers in the United States, including but not limited to "Wall Street Journal", "New York Times", "Los Angeles Times", "USA Today", "Washington Post", etc., have initiated interviews with him invite.

"Forbes", "Fortune", "Time" and other current affairs, financial weekly and monthly magazines also sent him interview invitations.

Even fashion magazines like "Vogue" have similar invitations.

Basically, it can be said that due to the existence of Smith Storm.

For nearly half a month.

All the well-known and unknown newspapers, magazines, and TV stations in the United States.

He was invited for an interview.

But these invitations were all declined by him.

Just kidding, he has his own magazine and newspaper.

This first time,
Magazines and newspapers that are not reserved for themselves are used to enhance the popularity of these magazines and newspapers.

Is it cheaper than other competitors?

The "American Sun" received him a wave of enthusiasm, coupled with the temptation of bonuses.

It became famous in a very short period of time and increased its daily sales to 80-90 copies per day.

Even among these sales, maybe half of the people bought it without watching it, just to join in the fun and get a bonus.

But this is enough success. Haven't you seen imitators already appearing in the market?
Someone imitated the American Sun's newspaper bonus and came up with something similar.

The bonus is as high as 1000 million US dollars a month, which is ten times more than that of the "American Sun".

It's just that the opponent doesn't have Abel's enthusiasm, and there are a lot of imitators, so the popularity has been robbed a lot.

There is not much movement at present.

Unlike the US Sun because Abe is the boss.

Everyone is very friendly to his character design, and they want to see how his newspaper will be different.

This is why the popularity is so high and the sales volume has been raised so high.

The newspaper bonus can only be regarded as the icing on the cake.

Without his enthusiasm, just engage in this kind of marketing.If it was useful, smart capitalists would have used it long ago.

Don't wait until Abel invents it.

The enthusiasm of the "American Sun" must be achieved first with the popularity of Abel, and then with this kind of marketing.

The American Sun is up
Of course, Abel can't favor one person over another.

The "New York Observer" has been waiting for food for a long time, and the entire editorial department came to kneel and beg the boss.

It's just that Abel felt that the timing was inappropriate before, so he never agreed.

This time he felt that the timing was right, and began to let go.

The most elite team of reporters has long been dispatched.

The "New York Observer", who had been waiting by the boss's side, naturally ran over.

"Then let's interview here." Abel said:

"There is no need to change to other places. I will take a cover photo later, and I can also take pictures of the MGM logo in the back to add a little more heat."

David Jones nodded: "Okay, I'll let them in."

(End of this chapter)