hollywood melon man

Chapter 401: Actions of Kingdom Investment Group

When Gilbert Jr. traveled around the world, he went to Dubai and had a conversation with Prince Abdul of the Dubai royal family.

Prince Abdul wanted to enter Hollywood, and Gilbert Jr. told him to wait for the opportunity to acquire MGM. Now the opportunity has come.

When MGM was struggling, Prince Abdul's Kingdom Investment Group announced in a high-profile manner that it would launch an acquisition of MGM.

This news shocked the entire Hollywood.

Everyone knows that the Middle Eastern bigwigs are very rich. If Kingdom Investment Group takes over MGM, it means that MGM still has a chance to revive.

The positive effect of this news is that MGM's stock price has stopped falling and is now on the rise. But at the same time, it also makes it more difficult for MGM to be acquired.

Prince Abdul is so high-profile, actually out of consideration of testing the waters.

As we all know, Hollywood is inseparable from powerful media groups, and now most of the media power in the entire Western world is in the hands of the Squidward.

Squid people are very sensitive to the forefront of public opinion, and there are basically squid forces within every media group.

Unfortunately, the Kingdom Investment Group is an Arab consortium, and due to historical reasons, there are always some conflicts between Arabs and Squid People.

Although the situation in Dubai is fine, if an Arab consortium wants to enter Hollywood, it still needs to test the reaction of Hollywood's squid forces.

But the core essence of the problem is still interests.

MGM executives also understood that they really needed Kingdom Investment Group to save them.

Despite opposition from several squid-born executives within MGM, MGM still sent representatives to Dubai to contact Kingdom Investment Group.

Little Gilbert, who was filming on the Caribbean island of St. Vincent, received the news early in the morning. There were two pieces of news. The first one was from Prince Abdul.

He hoped that Gilbert Jr. could give him some help in acquiring MGM.

The other is a squid club in Hollywood. They hope that Gilbert Jr. will join forces with Warner and Disney to prevent Kingdom Investment Group from entering Hollywood.

Faced with two completely contradictory requests, Guibert Jr. adopted different strategies.

First, on Prince Abdul's side, Gilbert Jr. suggested that he go to Michael Ovitz.

In fact, Gilbert Jr. had already told Prince Abdul that only Michael Ovitz could complete this huge deal.

Specifically, you can look at Sony's acquisition of Columbia Pictures and Panasonic's acquisition of Universal Pictures, in which Michael Ovitz played a huge role.

Gilbert Jr.'s move was to avoid taking the blame, so as to avoid being held accountable by the Hollywood squid forces after Prince Abdul successfully acquired MGM.

Although the idea was proposed by Gilbert Jr., its implementation was none of his business, and he could easily claim that it was a joke.

When faced with some Hollywood squid forces who wanted him to stop Kingdom Investment Group, Gilbert Jr. only said three words: anti-monopoly.

There is no doubt that Gilbert Jr. is the face of the Hollywood squid force today.

After Spielberg and George Lucas grew old, Gilbert Jr. was undoubtedly the top figure, and most of the squid forces united around Gilbert Jr.

But even without Little Gilbert, the Hollywood Squids are a well-entrenched force that can stop the Kingdom Investment Group.

But the problem now is that Kingdom Investment Group is not short of money, but MGM is in urgent need of life-saving money.

If MGM's intention is not changed and MGM is not given a life-saving sum of money so that it can have a development prospect, MGM will definitely rely on Kingdom Investment Group.

This is the core issue. If this problem is not resolved, MGM will eventually fall into the hands of Kingdom Group, unless Washington passes some bill.

But to be honest, although the Squid lobbying group is powerful, Washington has been committed to maintaining good relations with Dubai in recent years and is unlikely to listen to the lobbying group's nonsense.

Moreover, it was just a film company that was about to go bankrupt. MGM had long lost its reputation as a giant, and it was difficult for Kingdom Investment Group to take over MGM. Most people did not believe that Kingdom Investment Group could save MGM.

Therefore, with a small number of people anxious but all parties tacitly agreeing not to object, Kingdom Investment Group formally launched the acquisition and made an initial offer of US$63 billion.

To be honest, although the brand value of MGM has greatly declined today, these billions of dollars are definitely not enough to acquire MGM.

This acquisition is expected to take several years to reach an agreement.

For MGM, at least it has retained its brand and does not have to file for bankruptcy.

At the year-end press conference, the president of MGM confidently announced several film investment and production plans for next year with the intention of increasing the company's value.

However, this quick-success approach has been criticized by many professionals.

At this time, many insiders believed that it would be better for MGM to be cautious and just wait for the acquisition.

The more you do at this time, the more mistakes you will make. If you fail and your brand value drops again, it will be a loss.

This acquisition was a grand event, and there were various complex factors that determined the final outcome of the acquisition.

After paying attention to the MGM acquisition case, let’s take a look at the situation in the North American film market and the global film market.

"The Lord of the Rings: The Return of the King" ultimately failed to surpass the performance of "Titanic". The film was withdrawn from North American theaters after the Oscar nominations were announced on January 2003, 1.

The North American box office finally settled at US$6.18 million, ranking second in North American film history.

There are still a few markets around the world showing the film, and even some new markets are starting to release it. This is normal. After a film is released in North America for a year, new markets continue to join.

However, the overall scale of these markets is relatively small and has basically nothing to do with the international mainstream film market, so they are basically based on a buyout system.

Bought out by local film distributors and then screened in the local market.

The global box office of "The Lord of the Rings: The Return of the King" reached 18.02 billion US dollars, which also failed to surpass the global box office of "Titanic" and ranked second in film history.

The achievements made by the "Lord of the Rings" series are enough to become a model for commercial films, and "The Return of the King" also received thirteen nominations at the Oscars.

This is where The Return of the King surpassed Titanic, with more nominations than Titanic.

If "The Return of the King" surpasses it in terms of the number of awards, it will be considered a success.

In fact, many experts have made very accurate analyses of the problem that The Return of the King failed to surpass the box office of Titanic, such as the target audience, the degree of fanaticism of the fans, and so on.

Although it is regrettable, sometimes there is really no way out and the will of the market cannot be determined by humans.

This result is enough to satisfy all investors, and as the best-selling film series in history, the profitability of the peripheral products of "The Lord of the Rings" series is incredibly strong.

In terms of profitability and the amount of profit earned, "The Lord of the Rings" series completely crushes "Titanic".

Another Gilbert film, "The Fault in Our Stars," also grossed over 100 million yuan worldwide, which is a pretty good result. Scarlett finally has a good movie.

The movies she starred in before were basically literary and artistic, and she played an artistic girl.

Only when he played supporting roles or made cameo appearances in Gilbert Jr.'s films did the films perform quite well at the box office.

However, the most watched movie at the end of the year was not "The Fault in Our Stars", although the media said that this movie was the beginning of Gilbert Jr.'s decline.

What really attracted attention was the movie "Harry Potter and the Chamber of Secrets".

(End of this chapter)