The king of ghost horse comedy

Chapter 160 Capital injection into CAA

Chapter 160 Capital injection into CAA (for collection)

Sure enough, when Xu Guanwu appeared in CAA company, those young people were really excited.

CAA was founded by five high-spirited young people, Michael Ovitz, Ron Meyer, Martin Baum, William Harper and Roland Perkins, all of whom worked in the William Morris agency before.

But William Morris is an old-fashioned brokerage company, and the system it pursues is quite rigid, and it pays attention to seniority. The five young people feel that it is difficult for them to make a bright future, so they agree to jump out together and start their own business.

But every company’s entrepreneurial journey is difficult. The five of them started CAA with only a loan of [-] US dollars, a deposit of [-] US dollars, and two dilapidated classic cars.

In the few months since the start of the business, none of the five of them have received a salary, and they have to be cautious and cautious even when they spend $100. It can be said that it is quite difficult.

So when Stallone told them that a rich Hong Kong businessman wanted to inject capital, this group of young people was naturally very happy.

The meeting was held in CAA's office, which was only [-] to [-] square meters, and the furniture was all second-hand items bought from flea markets.

Xu Guanwu took a look at the company and gained some understanding of the economic status of the five young people, so he was more confident about injecting capital into CAA.

"Mr. Xu, I heard from Stallone that you want to invest in our company, don't you?" Michael Ovitz asked straight to the point after exchanging pleasantries.

Xu Guanwu nodded, "Yes, I heard Stallone talk about your entrepreneurship, and I highly appreciate you five young people who dare to work hard, so I plan to invest a sum of money."

"Thank you so much." Several young people looked at each other in dismay, all very happy.

Although they have not dealt with Xu Guanwu before, they have heard many rumors and know that this wealthy Hong Kong businessman is very generous.Once the investment project is approved, it will never spare money.

"I wonder how much Mr. Xu plans to invest?" Michael asked expectantly.

"100 million US dollars, but I want to buy this company." Xu Guanwu said.

"This..." Michael Ovitz couldn't help being stunned, and several other young people also hesitated.

The few of them are young and energetic at the moment, and this company was created by them, just like their own children, no matter how poor they are, they cannot sell it.

They naturally welcome Xu Guanwu's capital injection before, but when it comes to acquisitions, they are a little hesitant.

After capital injection, they will still be bosses; after acquisition, they will have to work for others.

Since they are all part-time workers, why did they jump out of other companies in the first place?
"Sorry, Mr. Xu, our company is not for sale." Michael shook his head and said.

"That's right, our company is the painstaking effort of the five of us, and we won't give up so easily." Lang Meyer also agreed.

……

Xu Guanwu didn't expect 100 million US dollars, and didn't impress these five young people, so he couldn't help being silent for a while, "In this case, let's not talk about the acquisition. I want to know, if I inject 100 million US dollars, you will share How many shares do I have?"

"This..." Michael and the others looked at each other, and they couldn't help being a little silent.

The total registered capital of CAA is only tens of thousands of US dollars. If Xu Guanwu injects 100 million US dollars, he will directly become the largest shareholder, accounting for more than [-]% of the shares.

"Well, I don't want to take too much equity, [-]% belongs to me, and the remaining [-]% ​​belongs to you." Xu Guanwu said, "Although I am the largest shareholder, I will not intervene in how to run and manage the company and leave it all to you. Because my career is currently in Hong Kong.”

Hearing that Xu Guanwu would not interfere with the company's operations, the five young people couldn't help but feel excited.

That is to say, I got 100 million funds without any loss of management rights.

Martin was the first to agree, followed by William and Roland.

Michael and Lang Meyer originally wanted to hold back a bit, but seeing that the other three had already nodded, they had no choice but to agree.

Seeing the five of them nodding in agreement, Xu Guanwu couldn't help but nodded with a smile, "This CAA will be handed over to you in the future, manage it well, and if the performance is high, in addition to the [-]% dividend, there will be a lot of dividends every year. "

"Thank you, Mr. Xu." Michael Ovitz led the crowd and said together.

Xu Guanwu nodded calmly, but his heart was already full of joy,

Although CAA is only worth tens of thousands of dollars at this moment, it will grow into a Hollywood giant in a few decades, with an annual income of more than [-] million U.S. dollars, making it the most influential company in Hollywood.

A mere $100 million can be exchanged for a profit of $300 billion. Xu Guanwu's investment is definitely worth it.

……

Accompanied by a lawyer, after signing the contract, Xu Guanwu also taught the five young people a few key points for the development of CAA in the future.

The first is bundled sales. CAA lowers the commission and signs a large number of talents, covering all aspects of film and television production.There are stars, directors, screenwriters, program planners, writers and so on.

If film and television companies need to produce programs, CAA will directly provide a full set of personnel according to their needs, which greatly facilitates these film and television companies and makes them more willing to cooperate with CAA.

Bundled sales are not only conducive to CAA's promotion of its own talents, but also have the qualifications to challenge film and television companies after completing a rich talent reserve.

The business model of bundling sales also enables the agent to become the manipulator of the star instead of the babysitter of the star. With the two sharp weapons of low commission and high remuneration, even the biggest star can only bow down.

The second is the uniform model.Internally, everyone has only an identity, no title, and everyone is equal.There are no signs in the office, and the conference room and reception room are available to anyone at any time, and even the salary slips are arranged alphabetically by surname.

Externally, whether it is a movie premiere or an awards ceremony, CAA agents always attend public occasions in groups of three or four, and when they show up, they not only dress uniformly, but also speak with "the same voice".

Third, set the betrayal cost model.In order to prevent employees from changing jobs and taking the stars away after mastering the stars, CAA specially transferred all entertainers to a team for management, team operation, and information sharing.

The company is responsible for most of the work of the star, while all agents are only responsible for a small amount of things.In this way, even if the agent wants to change jobs, he will not be able to poach any superstar.

Secondly, use high salaries to win over its employees. The annual salary of high-level agents exceeds one million US dollars, which is a relatively rare high salary in Hollywood.

In addition to cultivating a few celebrity managers for some superstars, CAA never pays bonuses to someone who likes to perform alone, so that most employees can concentrate on dealing with customers, and then work more according to the project income. get more.For those employees who are good at leading team members to collaborate, CAA also has separate rewards.

Many initiatives can motivate employees and make them work harder to contribute to the company.

The third is that after CAA has grown into a giant in the film and television industry, with the countless talents it has won over, it is completely unafraid of anyone's betrayal.

Because from writers to screenwriters, from directors to actors, from musicians to producers, most of the top entertainers have already voted under CAA, and it is almost impossible for the betrayers to gather top resources for big projects. In front of movie giants, it is difficult to be qualified to bid, and at most they can only recruit a few famous actors to do some high-level odd jobs.

Such three measures will not only allow CAA to quickly rise to become a Hollywood giant, but also strictly control the risks within the company, so that CAA can continue to sail forward steadily.

Michael Ovitz, Ron Meyer and other five young people saw that Xu Guanwu didn't care about it and kept clamoring to acquire the equity, so they all regarded him as a local tyrant who knew nothing about brokerage companies.

But now that he heard the opportunity and the few business methods passed down by him face-to-face, he couldn't help but be shocked.

(End of this chapter)

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