Chapter 27: $100 million in dividends
By the time Donn returned to the United States, it was late July.
"Titanic" has been released for more than two months, and under the witness of all Americans, Donn Walker's prediction is coming true step by step.
The first film in history to exceed $1 billion at the box office was born!
With a North American box office of 490 million, an overseas box office of 660 million, and a total global box office of $1.15 billion, the phenomenal movie "Titanic" has far surpassed the shock that "Star Wars" and "Jurassic Park" brought to the world that year!
Even many hostile countries in the United States have been released. Even on the other side, they miraculously put down the big scissors and presented every picture and shot of "Titanic" on the big screen intact.
A movie can break a country's system, this is the power of "Titanic"!
And Donn made a call to his agent, William Mihawk, that it was time to ask for dividends.
Donn can take a 10% share of the global box office from the movie, which is estimated to be between $180 million and $190 million.
However, it is a common practice in developed countries around the world that high incomes are burdened with heavy taxes.
Tang En has consulted specifically for this, and now that the Democratic Party is in power, the personal tax is very high.
On his personal income, he is subject to the highest level of federal personal income tax of 39%, the California personal income tax of 9.3%, plus social security tax, health insurance tax, pension tax and many other taxes, for a total of about 49% of the total income.
There is no doubt that this is an astronomical amount!
There are also many ways to avoid taxes, but for the current Tangen, it is simply not feasible, and it is necessary to invest in special high-tech, donate to charitable funds, set up overseas offshore companies, and so on......
These are all nonsense, putting such a large sum of money on hold for a long time is just to avoid taxes, it is better to put money into the stock market!
Although Don doesn't know much about the stock market, he also knows about the madness of Yahoo stock, the stock market crash in 2000, and the blockbuster hits of Google, Facebook, Apple and other major companies.
1997 was undoubtedly the best time to invest in Yahoo stock.
Of course, the first thing is to ask Fox Films for the dividends back, and the reply given to him by his agent William made him very dissatisfied.
"Don, your requirements don't meet the rules of the industry, it's very difficult to do!" William's tone was very difficult.
Don was very unhappy, "It's only right to pay off debts, William, it's your job!"
William sighed: "Don, you may not know much about the operating mechanism of Hollywood, the box office dividends of producers, directors, and actors are generally released after the movie is released, and the film company will release it, and now "Titanic" has only been released for more than two months......"
Don almost blew up!
After the screening, the daylilies are cold, God knows how long "Titanic" will be screened? "Titanic" in the previous life has been screened in cinemas for a whole year!
"No, I need funds now, I need them urgently!" Donne's tone was unmistakable, the opportunity to invest was in front of him, and if he was a minute late, he didn't know how much money he would lose.
William Mihawk persuaded: "Don, I have just consulted with the financial department of Fox Films, the total amount of funds collected by "Titanic" is only 200 million, and they still have big projects to operate, and it is impossible to come up with a large amount of money to pay your dividends. ”
Don was disappointed with this agent again.
If it weren't for the fact that he was a CAA agent, he would definitely be fired this time.
It's just that the current Don is still very weak, a giant company, so it's best not to provoke.
Don't think about William Mihawk's help, Donn personally came to the door and found the finance department of Fox Films, and the answer was that Tom Rothman, the president of the company, personally ordered that the funds should be withheld, part of the debt should be repaid, and part of it should be invested in new projects.
Don didn't listen to his reason at all, just noticed the name "Tom Rothman".
It was this guy who broke the news about him and Kate Winslet in the first place.
Don didn't say a word, turned around and went upstairs to Bill McNick's office.
Bill McNick showed extraordinary enthusiasm and welcome, and even poured a cup of coffee for Don himself, "Donn, appointing you as the director of "Titanic" is the wisest decision I have ever made in my life!"
The global box office has exceeded one billion, what a sensational and exciting experience!
Don waved his hand, "Bill, I'm not here today to ask for credit, I'm here to collect debts." ”
Bill McNick was stunned for a moment, and then smiled, "Dividends? hehe, funds are tight? Young man, didn't I say it...... You have to know moderation, especially some things, you must not touch them!"
Tang En's face turned green and said with a wry smile: "Bill, you misunderstood, I just want to get back the dividends I deserve, and then ...... It's just a film company. ”
Bill McNick obviously didn't believe in such nonsense, how much could it cost to start a company, and immediately smiled: "Yes, do you need my help? You can hang your studio under the name of Fox Films, so that you can run it." ”
If it were another filmmaker, it would be a great favor, but Don was different, working for Fox Films?
"It doesn't have to be, I have my own cinematic philosophy. Don politely declined, "Honestly, Bill, I need money now, a lot of money. ”
Bill McNick was a little embarrassed: "You may know the situation of Fox Films, in the past two years, a lot of money has been pressed on the project "Titanic", and now it has finally recovered some funds, and it has long been used for other purposes. ”
Don sat up straight and said, "Bill, just do me a favor, I'm in a hurry now." ”
Bill McNick gave Donn a deep look and muttered, "How much do you need? too much...... I couldn't mobilize either. ”
"100 million is enough!"
According to the current global box office, Don can get $120 million, but he only shouted out the demand of $100 million.
In total, he can get more than $1.8-190 million in dividends, and after throwing away tax expenses and adding the previous part of tax refunds, only $100 million is his net income.
Fortunately, in the United States, taxes are filed in mid-April every year, and Don can wait until the movie is released and directly file a second dividend to file taxes, which will not affect his planning.
"This number...... It's not small. Bill McNick sighed, slightly embarrassed.
Don said: "Bill, I said that this movie has a guaranteed box office of $1.8 billion, so ...... Fox Film will not be short of money in the future. ”
The words implied that the other party was that I brought great success to "Titanic" and relieved your work pressure!
"Well, five days at most, $100 million, will be on your account. ”
After all, Bill McNick wants to accept Donn's affection and pay his dividends in advance, which can be regarded as a reward for his past work.
"Thank you. ”
Donn's tense face finally smiled.
……
Three days later, the funds arrived.
Don didn't rush to New York to open a stock account, but wondered if he had lost something important......
Suddenly, the agent, William Mihawk, called, "Donn, there is a project now, I don't know if you dare to be interested." ”
"Big project?"
Tang En raised his eyebrows, he had already stated that he was not interested in investing in an independent film of 18 million!
"That's right, it's a big project, New Line Pictures' "Lord of the Rings" trilogy!" William's tone was loud, but his voice was calm.
Tang En was stunned for a moment, "The Lord of the Rings"?
"Isn't that Peter Jackson's project?"
"That's right, Peter Jackson is the director of the movie. ”
"Huh?" Don narrowed his eyes, a little displeased, "Producer, how much is paid?"
"No, no, Donne, you misunderstood, Peter Jackson invited the position not as a producer, he didn't have the power, he invited him to the position of assistant director. ”
"Assistant director?"
Don thought he had misheard, and his eyes widened incredulously.
Peter Jackson's shelf is too big, right?
Let me be the director of the world's No. 1 box office movie "Titanic" to run errands for you as an assistant, are you bullying people, or are you teasing me?
Anger instantly appeared on Donn's face.
It's too much!
Huh?
Something is wrong......