Chapter 670 Real Estate and Finance
Century City, an office building not too far from the Relativity Building, has welcomed a new group of investors from the newly decorated Pacific Investment Foundation.
In the conference room, according to the previously negotiated contract, Scott Swift officially signed several middle-aged Jews.
At the end of the signing, Ronan shook hands with the guests from Israel one by one.
"Happy working together!"
"Happy working together!"
Both sides smiled very happily and were very satisfied with this investment cooperation.
After signing the agreement, these individual investors did not stay with the Pacific Investment Foundation for long and soon left with their lawyers.
Ronan was in a good mood and got together with Attorney Dinah and Scott for a chat.
The six Jewish individual investors from Israel invested a total of $96 million in the Pacific Investment Fund.
"Although the investors are small-rich, we have opened a breakthrough for Israel. Scott felt a sense of accomplishment: "This means that we are likely to continue to get investment from the Israelis in the future." ”
"Well done. Ronan also praised it in due course.
Scott has been a great contributor to the fact that he has been able to come to Israel for more than two years to open up the Israeli market, and has visited Israel more than 20 times.
"This is also the first time that we have accepted a large investment from individual investors, and we can take advantage of the opportunity to absorb more personal capital in the international market," Scott added. ”
Ronan nodded, "Yes." However, it is important to note that the Pacific Investment Fund must remain in good standing. ”
Scott said solemnly: "This is the foundation of the Pacific Investment Foundation. ”
Compared to those well-known foundations, the Pacific Investment Fund is very small, and the funds never exceeded $1 billion in the same period, but the Pacific Investment Fund has a very good reputation and has never defaulted on funds and earnings to investors.
This is one of the reasons why the Pacific Investment Foundation has been able to continue to attract investment.
Another major reason is that the return of the Pacific Investment Fund is not very high, but it is a stable income.
Since investment funds are not allowed to advertise by law, word-of-mouth becomes quite important, especially for small and medium-sized foundations.
Leaving the Pacific Investment Fund, Ronan travels to the Beverly Hills Business Club, where he meets Richard Foord, senior president of Lehman Brothers.
"I talked to Bob some time ago. Richard Forder gets straight to the point: "Mr. Anderson, don't know ...... your investment proposal for Lehman Brothers"
Ronan smiled and said: "I am honored that Lehman Brothers can take a fancy to Relativity Entertainment, and if Relativity Entertainment encounters financial difficulties, we will ask Lehman Brothers for help." ”
Richard Fored said: "Lehman Brothers is not only investing in money, but also in a broader business platform. ”
This is a natural advantage for large investment institutions.
Ronan continued to politely refuse: "If there is a need in the future, I will not be polite." ”
It is not easy to get the investment opportunity of such an entertainment group company that is very profitable, develops rapidly, has a relatively complete industrial structure, and is not short of funds for the time being, and Richard Fored is well aware of this.
Hualkin relied on large sums of money to wreak havoc all over the world, and the benefits of his use touched people's hearts.
Richard Fored decided to give Ronan a good opportunity: "Mr. Anderson, Lehman Brothers is launching a promising investment program. ”
Ronan instantly understood that this was an exchange of interests, but he didn't open his mouth to respond.
Richard Forde thinks that Lehman Brothers' plan is very impressive, and it is true, there are many investors and investment companies who are investing in Lehman Brothers' plan, and he explained what he said to Jim Prolos to Ronan in detail.
"For other investors, there's only a return on investment of about six percent. Richard Forde was very generous: "But Lehman Brothers was willing to promise Mr. Anderson a return on investment of seven percent. ”
When Ronan heard about the real estate market, and then about loan programs and insurance companies, he secretly became vigilant, and although he didn't know much about the economic crisis, he also knew that the real estate industry and the insurance industry were all out of luck.
Lehman Brothers isn't going to trap him, is it?
However, Ronan then vetoed the idea, because Lehman Brothers themselves probably did not know how much the future risked was.
Richard Forder added: "Such a high ROI is extremely rare on Wall Street. ”
Ronan's head spun quickly, and he decided that this was an exchange of interests, and he asked Lehman Brothers to invest in Relativistic Entertainment, and then Lehman Brothers gave him a chance to get a high return on investment.
It may seem wonderful, but in reality?
None of these big companies on Wall Street is simple, exchanging uncertain future investment returns for shares in Relativity Entertainment that he now holds.
It's a shrewd deal, it's a good deal.
Ronan said politely: "Mr. Forder, I am very grateful for the kindness of you and Lehman Brothers, but I personally have no funds in my hands, and I will not participate in such a huge investment plan." ”
Richard Fored frowned slightly and asked, "Are you short of money?" as far as I know, your compensation and dividends at Relativity Entertainment ......?"
"I have another investment. Ronan said roughly: "I personally invest in some high-tech industries. ”
Not to mention the huge risks of working with Lehman Brothers, even if you really want to invest, aren't Apple and Amazon, which are more secure, better choices?
Real estate, Ronan is not familiar with, unfamiliar business, it is best not to touch, especially when it involves huge amounts of money.
There was once a similar chicken soup that said that people must escape from their familiar and comfortable circles, otherwise they will become decadent, do not know how to improve, and eventually be abandoned by society and the times.
Some people who have been brainwashed by chicken soup can't wait to jump out of the industry they are familiar with and open up new careers.
Then, in a completely new realm, he fell to pieces.
Some may have succeeded, but for Ronan, there was no need to take such a big risk.
Repeatedly rejected, Richard Forde was a little impatient, but still patiently said: "Mr. Anderson, a big Wall Street company, can bring more energy than most people imagine. ”
This is both a relativity entertainment and a subtle display of muscles.
Ronan could hear that Wall Street capital could never be ignored, so he said, "I admit that, so Relativity Entertainment is working with Goldman Sachs." ”
"Goldman Sachs?" Richard Ford was very surprised.
Ronan added: "When it comes to trade secrets, I can't say more. ”
Mark Randolph and Robert Iger have agreed with Goldman Sachs, who will be responsible for running the Netflix listing.
Therefore, there is nothing false about Ronan saying that Relativity Entertainment is working with Goldman Sachs.
Goldman Sachs is very optimistic about Netflix's prospects, so at this stage, Relativity Entertainment and Goldman Sachs' interests are aligned.
In the end, the meeting did not lead to anything, and Ronan and Richard Forde ended their first meeting somewhat amicably.
For Ronan, Lehman Brothers is a sinkhole, the kind that can't be filled.
In the eyes of Lehman Brothers and Richard Forder, relativistic entertainment is ultimately a good investment target, not a must-have.
The world is too big, business trade is becoming more and more extensive, and there are many companies and fields that can be invested in.
The entertainment industry is just one of the more middle-to-medium options.
Lehman Brothers, on the other hand, is more interested in real estate, finance and insurance.
For the United States, it is real estate and finance that can prosper.
Wall Street can be said to play finance out of flowers, all kinds of intricate financial investments, it is simply dazzling, not to mention that Ronan is not proficient in this industry, even if he is more familiar, he will not rashly participate.
In the film and television industry, and even in the Internet industry, Ronan has unique advantages, but entering the financial industry will only become a fish on someone else's chopping board.
Just three days after Ronan met with Richard Fuord, Marvel Entertainment sued Twentieth Century Fox in Los Angeles District Court to bring the copyright dispute over "X-Men" and "Fantastic Four" to law.
It's hard to win this lawsuit, but like the new Fantastic Four comics, Marvel Entertainment is showing its toughness in this way.
At the same time, Marvel Entertainment also applied to the court that any film and television adaptations of "X-Men" and "Fantastic Four" are not allowed to be listed because of copyright disputes.
Of course, the court will not make an immediate ruling, and this copyright dispute lawsuit will be fought.
At the same time, Arthur Malcomb, who represents the copyright department of Marvel Entertainment, also approached Sony Columbia Pictures to negotiate with Sony about the copyright and revenue sharing related to "Spider-Man".
Compared with Twentieth Century Fox, Relativity Entertainment has a better relationship with Sony Columbia Pictures in the past, and Sony's handling is softer.
Sony Columbia Pictures sent a team of three to talk to Arthur Malcolm, but the talks didn't work out very well.
According to Arthur Malcolm, the purpose of Sony Columbia Pictures is not to talk, but to drag.
Drag it first, and then talk about the rest.
It will not be easy to recover even a small part of the proceeds from the sale of the copyright.
Ronan had long predicted that Marvel Entertainment was ready for a long battle.
In any case, it is better to be able to talk than to talk about nothing and reject it outright.
Marvel Entertainment sued the copyright entanglement between "X-Men" and "Fantastic Four" in law, which is tantamount to opening up the contradiction with Twentieth Century Fox.
Twentieth Century Fox was extremely annoyed, especially when he thought that Marvel had humbled and almost begged to sell his son, but now he wanted to press Fox to share the cake.
There are Twentieth Century Fox executives who are very familiar with Marvel, who left Los Angeles and made a special trip to New York.