Rebirth
Chapter 244 Unexpected MGM News
In fact, they all underestimated Li Feng. Li Feng’s company has now acquired several Hollywood companies that specialize in distribution. After integration, the distribution network in North America is basically completed. Of course, overseas is not a short time. .
As for the film company, it is really too simple to set up a film company, but Li Feng’s business is expanding rapidly now, and there is no time for it. If the acquisition of Marvel is successful, the film department will be directly independent, and it will be a third-rate Hollywood. Film production company.
As for TV stations, Barry Diller had previously been buying many small TV stations across the United States, and has already acquired a lot of them. Through integration, they now cover most of the United States.
It is a pity that today's TV stations are operating at a loss. After all, it is not so easy to grab customers from several major TV networks covering the United States. Li Feng has no good way for the time being.
At this time, Li Feng was a little bit thinking about the protagonists in the rebirth novels he saw in his previous life. Those protagonists dominated Hollywood, and the scripts of movies and TV dramas were written by hand, making Li Feng feel speechless now.
To be honest, whether it’s American dramas or Hollywood blockbusters, Li Feng didn’t watch too much in his previous life. At most, he watched the movies that swept the world. But just watched it like this. If you want to write a movie script, Li Feng mentally In general, it can only be'haha'.
...
Of course, Li Feng also has a stupid way, which is to engage in copyright in advance. Li Feng mentioned some novels and film and television copyrights before, and asked Barry Diller to buy them back as much as possible. Barry said that he had collected a lot. Wait for Li Feng. When the new film company comes out, it will be possible to produce film and television dramas.
Sometimes Li Feng also feels that the time to rise is too short, and there are too many things to do. Now there is not even a Hollywood film production company.
After that, it was naturally introduced. Here, Li Feng met two unexpected people. One was an old man standing between Sharon Stone and Elizabeth Holly. He did not expect to be a famous generation. Legendary Gambler-Cork. Cole Klein.
Similarly, there is another person who Li Feng also surprised Li Feng. It was Dominique Delvipan, the former Secretary-General of the Presidential Palace of Chirac. Li Feng also met in the main hall before and chatted a few words.
It turned out that although this is now the Secretary General of the Presidential Palace, there is now a huge hole in France. The government is working hard to remedy it. It is Credit Lyon, an old French state-owned bank.
This can only be blamed on Li Feng's ignorance. Well, I have never heard of this bank. As I said before, an ordinary person who cares about a bank in another country.
...
Those who study the financial industry may be aware that in the 1990s, the French Credit Lyon Bank suffered huge losses and even went bankrupt. This was once a sensation in the entire European financial circle.
In the 1980s, the French government formulated a series of development measures for finance. For example, it hoped to realize the cross-industry and transnational expansion of financial groups through financing and new financial instruments, forming a financial consortium that ranked among the top in the world.
For example, the goal of expanding France's second largest bank, Credit Lyon Bank, into the first bank in Europe.It can also be seen from here that this is quite a bit of China's "Great Leap Forward" posture.
As a state-owned bank, Crédit Lyon was naturally a pioneer in expansion. In the 10 years from 1984 to 1993, the bank’s foreign assets expanded from 7 billion francs to 400 billion francs, achieving the goal set by the government.
It is the goal of a world-class financial consortium to overtake Deutsche Bank, the first bank in Europe, and become the largest bank in Europe and the ninth largest bank in the world.
Naturally, blind expansion has led to serious consequences. In 1994, the bank experienced a huge crisis. There were 100 billion bad debts in foreign assets, which means that the 100 billion was lost.
The French government had to come out to fill the hole. In 1994, it allocated 4.9 billion and 23 billion in 1995. It is said that it will allocate 45 billion to help banks tide over the difficulties.
Dominique Delvipan, now secretary-general of the Presidential Palace, has become the leader of the government representative.After all, the bank's problems have become the heart disease of today's French President Chirac.
...
"Mr. Li, I heard that your media group is acquiring Marvel. I wonder if you are not interested in the film company?" Dominic asked with a smile at Li Feng at this time.
"Film company? Sorry, Mr. Secretary-General, I have no interest in French film companies." Li Feng thought he was talking about European and French film companies, but he refused without thinking.
"Mr. Lee, you may have misunderstood, I am talking about MGM Pictures."
Sure enough, hearing the words of the Secretary General of the Presidential Palace, a circle of people stopped chatting and turned to pay attention to the conversation between the two.After all, MGM is involved.As these people in the entertainment industry are naturally concerned.
Among them, the gambling king Cork is the most. It turns out that this time the gambling king came to France, he also came as MGM. If Li Feng comes in, there may be additional troubles.
"Hollywood MGM, that lion?" Li Feng was surprised when he heard what he said, and immediately confirmed.
"Yes, it is Hollywood MGM Studios, and now I am executing a business, and that is the MGM auction."
"auction?"
Li Feng asked again in surprise.Li Feng is indeed not clear, a little surprised, after all, how could a Hollywood movie giant be auctioned by the French.
"It is indeed an auction. As for the process, you can see our Mr. King Gambler understands the most clearly." The Secretary-General said to the King Gambler Keke after confirming.
...
When it came to the gambling king, Li Feng was shocked, I'm afraid it's not that simple anymore.
It turned out that in 90 years, the gambling king Cork sold the Hollywood giant MGM to an Italian consortium headed by Giancardo Parretti for 1.3 billion US dollars. However, Mr. Parretti was at the time. So I went to the Credit Lyon Bank to back up.
At that time, MGM was already facing a huge debt crisis, with liabilities exceeding 500 million US dollars.Naturally, who is Lao Lao's gambling king? He is so dark-hearted that the buyer will naturally be responsible for this debt. He has taken 1.3 billion US dollars and is very safe.
Unexpectedly, in 1992, the police discovered that the so-called group headed by Parretti was a group of scammers. Natural Bank directly accepted MGM and directly sued Parretti for financial fraud. .
In fact, Bank of Lyon is going to lose money in this transaction. After all, MGM has been tossed and tossed by the gambling king and has become the end of several major Hollywood film companies, even on the verge of bankruptcy, and it is still in debt.
No, the government is now trying its best to fill the bad debts of the bank. Naturally, bad debts like MGM want to get rid of it, so they are going to auction off MGM to recover a certain amount of money.
As the so-called skinny camel is bigger than a horse, MGM is worth some money no matter what.
According to the original history, in 1996, Gambler Cork once again acquired MGM at a 90-year sale price of US$1.3 billion.
...
Well, the Bank of Lyon had to bear MGM’s debt of several hundred million dollars, and the gambling king just went and transferred MGM’s debt of several hundred million dollars. After all, the gambling king was not buying back to help. When a person pays off the debt, the debt is naturally borne by the bank.
As for why the remaining debt is not the early 500 million but the current 10 hundreds of billions, it has been slowly accumulated in the past few years. After all, since the 90s, facing the high debts, the money earned every year They are not enough to repay the debt.As a result, debts are accumulating, and now they are in debts of hundreds of millions.
If it is the original history, the gambling king Cork has actually made 500 million US dollars all the time, which shows his brilliance, and the French Credit Lyon bank has lost 10 hundreds of millions of US dollars.
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