Chapter 355: Finally Got the AMC
As soon as "Bodyguard" came out, no one competed!
For four weeks in a row, "The Bodyguard" firmly occupied the top spot in the North American box office and many other movie charts, and when four weeks later, the total global box office of "The Bodyguard" has reached $270 million, considering that the film screening time in this era is generally more than two months, the global box office of "The Bodyguard" not only stabilizes over $300 million, but is very likely to exceed $350 million.
Taking into account the soundtrack, videotapes, TV broadcasts and other peripherals, the revenue that this film can bring to Chen Geng is expected to exceed 100 million US dollars...... Compared with Chen Geng, Twentieth Century Fox is a little miserable, because Reynolds and Chen Geng signed a gambling contract, and this "Bodyguard", which is comparable to a money printing machine, "only" made Twentieth Century Fox net about $80 million.
Reynolds and Twentieth Century Fox simply laughed crookedly: With a net profit of almost $80 million in two months, could there be a better business?
After hearing that Chen Geng was ready to start the production of the second film, he couldn't wait to come, trying to persuade Chen Geng, hoping that Chen Geng would agree to accept the investment and actors of Twentieth Century Fox: "Mr. Fernandez, as one of the eight major Hollywood film production companies, Twentieth Century Fox's energy in production, directing, and distribution, you have absolutely no doubt, I promise, as long as you can agree to ......"
"Mr. Reynolds," Chen Geng interrupted Reynolds very facelessly, "Please remember that the next movie is mine." β
Reynolds understood what Chen Geng meant very well, but thinking of what the general manager said to him before he came, he hesitated, and Reynolds planned to pretend to be stupid to Chen Geng: "Of course it's yours, Mr. Fernandez, this movie is yours, no one can deny this......"
"That's not interesting," Chen Geng looked at Reynolds with a smile: "Mr. Reynolds, do you think I will be the kind of person who needs to pull investment everywhere? Spend millions or one or two million dollars to make a movie, do you think this is a thing for me? Or do you think that after the success of "Bodyguard", I will not find a strong enough distribution partner for this next movie?"
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Looking at Chen Geng, who had "You and I are those idiots who need to beg you to invest?!", what Reynolds wanted to say was choked back alive.
Yes, Fernandez Chan is indeed different from those glamorous sluts.
Before Reynolds came, the management of Twentieth Century Fox was very "simple": We at Twentieth Century Fox are one of the eight major film and television production and distribution companies in Hollywood, and if you want to make money in this Hollywood territory, you have to do what we want.
Reynolds disagreed with the management's decision, he felt that the management's idea was simply stupid, and that FernΓ‘ndez Chan could be compared to those glamorous sluts outside.
But the management of Twentieth Century Fox has been doing whatever they want in Hollywood for too long, and always feels that he, one of the eight major film and television production and distribution companies in Hollywood, can rely on his status and influence in Hollywood to force Chen Geng to bow his head and give in - when the company makes a decision, Reynolds, as the director of the distribution department, has no room to refuse.
It's good now, Chen Geng refused without hesitation, and he didn't save himself any face...... With the difference in their identities and statuses, it seems that Mr. FernΓ‘ndez really doesn't need to save face for himself.
Looking at Reynolds, who opened his mouth and didn't speak, Chen Geng patted him on the shoulder: "Reynolds, for the sake of our previous cooperation was very pleasant, I'm not difficult for you, go back, go back and tell the group of fools in your company, I will pay all the production costs of the film myself, as for the distribution of the film...... I thought, with the success of "Bodyguard", if I were to send an invitation to see a film from companies like Universal Pictures, Columbia, or MGM, no one would turn me down, right?"
Refuse?
Of course not, no one would be stupid enough to say no to Fernandez Chen.
After the success of "The Bodyguard", FernΓ‘ndez Chen is no longer one of the countless fools who "come to Hollywood to make movies when they have some money, always thinking that they are unlucky and make money several times by relying on a few movies", as long as he does not mean to replace one of the eight major film and television giants, no one will refuse his invitation...... Who would refuse a partner who can make a lot of money?
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This past month has been a hellish one for AMC workers.
At the outset, when Fernandez Chen negotiated with AMC about acquiring a stake in AMC, AMC's workers had high hopes for the negotiations, and when "The Bodyguard" continued to be a hit, and AMC workers were even more relaxed when they learned that Fernandez Chen could make almost $100 million from the film alone: Mr. Fernandez Chen was said to be ready to buy 62 to 65 percent of AMC cars The total value of these shares is only about $100 million, and now Mr. Chen can come up with this money without even having to take out a loan from a bank or affect the company's original business and flow......
It doesn't get much better than this!
Workers are optimistic that the company will soon be able to reach a takeover and stake agreement with FernΓ‘ndez Chen, and that they will soon be able to return to work at the factory.
But the reality is a blow to all the workers who have expectations: just yesterday, Fernandez held a press conference announcing that it would suspend negotiations with AMC because the differences between the two sides were too great...... There is a grapevine that the reason why the negotiations broke down was because the shareholders of the company saw that Mr. Fernandez Chen had made a lot of money through the movie "Bodyguard" and wanted to stab Mr. Fernandez Chen, but of course Mr. Fernandez Chen did not do it, so the negotiations broke down.
As much as there is hope, there is as much disappointment as there is!
When that hope turned to disappointment, and knowing that it was all because of the damn shareholders' negotiations, the workers at AMC went crazy!
They spontaneously took to the streets and began to march and protest.
Chen Geng is not to blame for knowing this, but the current shareholders of AMC are unlucky, and the workers of AMC hold large portraits of the existing major shareholders of AMC and publicly burn them in front of the camera......
Faced with this situation, Comrade Alex Goodrich, the parent official in Detroit, jumped to his feet in a hurry and rushed into Chen Geng's manor like a burning buttocks: "Sir, it's already 50 million dollars, aren't you still satisfied?"
Yes, already $50 million.
It is certainly not possible to give money directly, but in order to prevent the workers of AMC from making trouble, in the name of employment, in addition to tax deductions, the city of Detroit, the state of Michigan, and the U.S. federal government jointly ...... to AMC Of course, it is AMC after Chen Geng's acquisition...... A low-interest loan totaling $50 million was provided to upgrade production equipment, train workers, and more.
In the eyes of the city government of Detroit, the state of Michigan and the federal government, $50 million is really a lot, and the Chrysler cars that were in the quagmire for the first two years did not enjoy this treatment, what else do you want?
But Chen Geng doesn't do it!
"$50 million?" ......looking at Alex Goodrich, Chen Geng said unceremoniously: "Alex, don't tell me that you don't know the cash-out ratio demanded by AMC's shareholders. β
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Alex Goodrich's face turned red: he certainly knew that AMC's shareholders were asking for at least 70% cash.
70%, that is to say, Chen Geng's 100 million yuan was thrown in, and the shareholders took 70 million yuan to go, and Chen Geng wanted to make AMC run again, carry out production and management reforms, and upgrades, at least 50 million US dollars need to be invested in it!
"100 million US dollars plus 50 million US dollars, this is 150 million US dollars," Chen Geng said honestly to Alex Goodrich: "That's it, it's still the most ideal situation, if there is something wrong during the period, something I didn't expect, I'm afraid the amount of money invested again will be calculated in tens of millions of dollars...... Alex, do you think I'm stupid to throw my own money into it for the sake of the politicians' future?"
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Alex Goodrich stopped talking, he knew that those people in Michigan and the White House really thought so in their hearts.
Chen Geng waved his hand, looking a little impatient: "Tell the state and the White House, especially the one in the White House, that if this matter is not handled well, he will not think about re-election...... I can't figure it out, it's not his own money spent, and it can't fit into his own wallet, so why don't he want to change a few votes for himself?"
"Sir, you can't say that," Alex Goodrich hurriedly said, "You know, such a large sum of money is far beyond the authority of the White House man, even the $25 million, it took the White House boss a lot of effort to get it." β
"Then I don't care, I don't care," Chen Geng waved his hand: "By the way, that Mr. Bush will be coming in a few days, although I don't know what he brought to AMC, but I believe that Mr. Bush must be prepared this time, don't forget which consortiums are standing behind this family." β
Alex Goodrich's face suddenly froze!
Yes, Mr. Bush is coming, and the purpose of this presidential candidate coming to Detroit is known to fools, just for the votes, but there is nothing to be afraid of, just for the votes, it is terrible to be afraid that the bank of the consortium behind him will lend money to his own boss, and if he really does this, the one in the White House will be sad.
"I'll tell the guy in the White House what you mean, and I still want the current guy to be re-elected, right?"
Chen Geng smiled and did not answer this question, but said: "You can tell the person who lives in the White House now that if Fernandez successfully acquires AMC, I will merge the HMMV project into AMC's AM General." β
AMC's AM General is actually AMC's government vehicle department, and the parts on the M38 and M38A1 that are still in use by the 4th Class Marine Corps and the 5th Class National Guard are provided by AM General.
Chen Geng believed that Alex Goodrich knew very well what he meant by these words.
Alex Goodrich did understand what he meant, and he said excitedly, "Really?"
Chen Geng nodded: "Of course it's true." β
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Spurred on by this news, the federal government and the state government of Michigan reacted quickly, and soon, the latest news reached Chen Geng's ears through Alex Goodrich's mouth: in addition to the original tax incentives, the city of Detroit, the Michigan state government and the federal government will jointly provide Chen Geng with a special low-interest loan totaling $70 million, which will be used to acquire AMC's technology upgrades, production line modifications and staff training.
As for the interest, it is 1.2%......
At this moment, Chen Geng finally breathed a sigh of relief.
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PS: Brothers, please wait a moment.
Yes, Mr. Bush is coming, and the purpose of this presidential candidate coming to Detroit is known to fools, just for the votes, but there is nothing to be afraid of, just for the votes, it is terrible to be afraid that the bank of the consortium behind him will lend money to his own boss, and if he really does this, the one in the White House will be sad.
"I'll tell the guy in the White House what you mean, and I still want the current guy to be re-elected, right?"
Chen Geng smiled and did not answer this question, but said: "You can tell the person who lives in the White House now that if Fernandez successfully acquires AMC, I will merge the HMMV project into AMC's AM General." β
AMC's AM General is actually AMC's government vehicle department, and the parts on the M38 and M38A1 that are still in use by the 4th Class Marine Corps and the 5th Class National Guard are provided by AM General.
Chen Geng believed that Alex Goodrich knew very well what he meant by these words.
Alex Goodrich did understand what he meant, and he said excitedly, "Really?"
Chen Geng nodded: "Of course it's true." β
........................
Spurred on by this news, the federal government and the state government of Michigan reacted quickly, and soon, the latest news reached Chen Geng's ears through Alex Goodrich's mouth: in addition to the original tax incentives, the city of Detroit, the Michigan state government and the federal government will jointly provide Chen Geng with a special low-interest loan totaling $70 million, which will be used to acquire AMC's technology upgrades, production line modifications and staff training.
As for the interest, it is 1.2%......
At this moment, Chen Geng finally breathed a sigh of relief.
Alex Goodrich did understand what he meant, and he said excitedly, "Really?"
Chen Geng nodded: "Of course it's true." β