Chapter 548: Sold Again

"Thank you very much Mr. Joe for working with MGM." After sitting down, Corkrian's first words were polite thanks.

"Mr. Corkerian is very kind, and it is an honor to work with MGM." Qiao Feng hurriedly shook his head modestly and said, "In my opinion, MGM is the greatest film company in Hollywood. I have been a loyal viewer of cat and mouse since I was a child.

Corklian gave face, and Qiao Feng did not hesitate to praise MGM's greatness.

Again, Corkrian is an old rich man, and he is so old, so ..... How to say it, it is inappropriate to say that it is a little flattering to talk and shake hands with himself, Qiao Feng is alarmed in his heart.

Qiao Feng doesn't think that Corklian is a good gentleman, and he doesn't think that he will be like this just because he collaborated on a movie with MGM.

To put it mildly, even if MGM is rotten now, it really needs an excellent movie with a good box office to come out and shake morale.

With his net worth, he can't do this to Qiao Feng for the sake of a MGM.

But Corkrian's position was indeed like this, and he put his position very low in this meeting, which made Qiao Feng feel that Corklian must have other plans.

Summarizing Corkrian's past behavior, especially today's talk about MGM and the release of the movie, Qiao Feng felt that Corkrian might want to repeat his old tricks.

This guy wants to sell MGM again.

Just as Qiao Feng's thoughts were racing, Corkrian spoke again: "Mr. Qiao, MGM does have a glorious history, and it is indeed the greatest film company.

"I'm sure MGM will eventually get out of the way." pondering the true meaning of Corkrian in his heart, Qiao Feng did not forget to say good and obedient words.

But in fact, MGM did not get out of the predicament until ten years later in the 21st century, and even experienced bankruptcy and restructuring in 2010.

"That's why I joined MGM 20 years ago, but 20 years later, MGM is in a much more difficult situation, and now it's even a matter of millions of dollars in publicity." Corklian said with a bitter look and self-reproach.

Although Qiao Feng said that MGM's predicament was temporary, it would soon get better how.

However, deep down in his heart, Qiao Feng cut with disdain.

MGM is really miserable, and he has been breathing for decades, as the former boss, he has watched one by one little brother, and even the younger brother has surpassed himself one by two but can not do anything.

But for Corkrian, buying MGM was arguably the best business he ever had in his life.

It is even said that MGM's predicament is created by Corkrian, or in the case that it is not good, he kicked MGM into the abyss with one kick, two feet, and three feet.

As mentioned earlier, Corkerian sold MGM several times, and in 1966, Corkerian, who sold the aircraft leasing company, developed. Three years later, he managed to buy MGM.

After taking over MGM, Corkrian's style of making quick money has obviously not changed. He sold all of MGM's costumes and props to invest in real estate in Las Vegas. Under Corkrian's business philosophy, MGM turned to the film distribution business, and the number of films produced plummeted to four or five a year.

After 20 years in business, Corklian found a better way to make money, and the gambling tycoon put MGM as a bargaining chip on the table.

MGM was repeatedly resold by Corkerian to others, and in the original space, due to Corkerian's "preference" in buying and selling, MGM also fell into the hands of the notorious Italian investor Giancarlo Paletti.

Palati has been prosecuted by the U.S. police on more than 50 charges, including fraud and money laundering. His case has been called "the largest fraud ever handled by the U.S. Department of Justice." According to the U.S. Department of Justice, Paletti is suspected of fraudulently defrauding investors of $1.5 billion when he bought MGM Pictures in 1990, bringing France's Crédit Lyon and Hollywood Pictures to the brink of bankruptcy.

At Corkrian's hands, the turbulent MGM is heavily in debt. Even with a database of 007 films and more than 4,000 films, it is difficult to revive. However, Corkrian has made huge gains from buying and selling MGM many times. In 2005, when an international consortium led by Sony bought MGM for $4.8 billion, Corkerian, who owns 75 percent of MGM, was once again the biggest beneficiary.

In the 40 years that Corkrian has been at the helm of MGM, MGM has changed hands several times, but Corkrian has always been the "bookmaker at the table" and the only beneficiary.

Qiao Feng, who knew this, naturally despised the bitter self-blame played by Corkrian.

Absolutely, this old guy definitely wants to sell MGM again, and now he wants to win his sympathy.

"The U.S. economy has gradually entered a trough after a few years of cyclical development. There is a crisis in the housing finance industry, and the social credit crisis is becoming increasingly serious. In addition, the current balance of payments is trending into balance, but the domestic economy remains sluggish, unemployment is rising, and the fiscal deficit is at a record high. Speaking of this, Corkrian paused and sighed slightly before continuing: "It's not easy to do anything in the United States now."

"Yes, not only the United States, but also Hong Kong. On Black Monday in the past two years, Hong Kong was the most seriously damaged.

Cockrian's remarks were true, and Qiao Feng was also deeply touched by this. The current economic situation is not only in the United States, but also in the whole world, and Hong Kong is no exception.

The Soviet Union was on the verge of collapse as a result of the war in Afghanistan and the arms race between the United States and the Soviet Union, as well as the drastic changes in Eastern Europe. In Europe, the international and social order is also very chaotic due to the severely high unemployment rate and the democratization of Eastern Europe.

If you want to say that the economic environment looks good now, except for the great development of the mainland because of the reform and opening up, it seems that there is only one book that can be regarded as a good situation.

In the impression of countries around the world, which was relatively stable politically and economically, it was still an ordinary developing country 30 years ago, but now it has quickly become a rich country full of gold.

"Now the economic situation is like this, my capital chain is under great pressure, I can't make movies, MGM is useless to me.