Chapter 119: Buying Lianmei

A few days later, the two sides officially signed.

Wu Ming's Star Holdings spent a total of $410 million to acquire all of Pan Am's shares in Luen Mei Pictures.

In Wu Ming's view, this sum of money is still a large amount.

Some time ago, $2.8 billion, $1 billion remained in Star Investment to short gold futures. Nearly $600 million was repaid to the bank and more than $200 million was withdrawn from various companies.

Coupled with the acquisitions of EMC and Seagate, as well as the development of Star Computer, Polaris Software and CAA, Wu Ming previously had only $900 million at his disposal.

This time, another $400 million was subtracted, and Wu Ming only had $500 million left in his hands.

However, in Wu Ming's opinion, it is still very worthwhile to take advantage of this good opportunity to take down Lianmei Pictures, one of the eight major Hollywood film companies.

Luen Mei has a very rich family background, has the copyright of many well-known movies, and maintains a good relationship with many Hollywood directors, actors and other filmmakers.

The reason why he lost a lot some time ago was also because the president of Luen Mei began to swell up after making some achievements, and he did not control the investment of funds, so he fell on "Heaven's Gate".

After acquiring Luen Mei, Wu Ming couldn't wait to follow Ron Meyer to the headquarters of Luen Mei Pictures for inspection.

In the conference room, Wu Ming was carefully comforting the staff of Luen Mei.

"The mistakes of "Heaven's Gate" cannot be blamed on everyone, and the original business strategy of Luen Mei is still very successful, which shows that there is no problem with your ability, but it is just a temporary luck. And this matter is in the past, and we have to look forward to it in the future. Wu Ming said with a gentle face.

After listening to Wu Ming's words, everyone present suddenly looked a lot easier. They are afraid that the new boss of Xiangjiang will stand up as soon as he comes, and then take them under the knife.

Seeing that everyone's faces had changed a lot, Wu Ming then announced his appointment of the top management of the United States in the future.

While pointing to Ron Meyer beside him, Wu Ming smiled and said, "This Mr. Ron Meyer next to me will be the new CEO of our United States in the future." ”

Before the words were finished, the faces of everyone present at Luen Mei changed, especially the original CEO of Luen Mei, Peter Scott, who was even more bitter.

As for the original CEO, Mr. Peter Scott, he was demoted to COO (responsible for the CEO, responsible for the operation and management of the company), and the positions of other personnel remained unchanged. Wu Ming said again.

As soon as these words were spoken, everyone's faces that had just tensed loosened again.

Peter Scott also had a happy look, at first he thought he would be kicked out of the company by the new boss, and now although he has lost his position as the number one, he can still have a position in the second in command, which is already very good.

"Then I hope that everyone will continue to work hard in the future to develop and grow Luen Mei, from the glory of the past, or even beyond the past. Wu Ming finally concluded impassionedly.

Then, accompanied by Ron Mayer and Peter Scott, Wu Ming got up and left the venue and went to the CEO's office.

After Wu Ming left, everyone present breathed a sigh of relief. The new boss just inserted a new CEO, which shows that the new boss has not been disappointed in them old people.

The haze that has shrouded all the employees of Luen Mei Pictures in recent days can finally slowly dissipate.

"Mr. Scott, I am not to blame for the past, and I hope you can help Ron Meyer manage Lianmei Pictures well in the future. Wu Ming sat on the main seat and said lightly.

Peter Scott nodded hurriedly and replied, "Yes, BOSS." I will certainly assist Mr. Meyer. ”

"Lang, how about I asked you to find Mr. Spielberg and fund him to make a movie, did he agree?" Wu Ming asked with a smile as he turned his head to look at Ron Meyer.

The Spielberg in Wu Ming's mouth is naturally the famous Steven Spielberg in later generations. This man has directed many wonderful films that are familiar to future generations, such as "E.T. the Extraterrestrial", "Raiders of the Lost Ark", "Jurassic Park", "Saving Private Ryan" and many more.

At this time, Spielberg has become one of the great Hollywood directors with "Jaws" and "Contact of the Third Kind". But compared to his later achievements, he can only be regarded as a small person now.

So when he wanted to shoot the famous "E.T. the Extra-Terrestrial". Full of anticipation, after meeting with Columbia Pictures, he was rejected without hesitation.

Because the film "1941" he shot for Colombia last year only recouped its cost after its release.

Since Wu Ming bought Lianmei, he naturally wanted to do his best, so he set his sights on the famous Hollywood director later.

However, only Steven Spielberg and James Cameron are the most suitable to woo them.

Others have either already made a name for themselves, such as George Lucas, who has set up his own film company. Or they are still relatively young and inexperienced.

After knowing that Spielberg was rejected, Wu Ming asked Ron Mayer to contact him, wanting to win the low-budget, high-grossing film.

Ron Meyer laughed and said, "Boss, things are going well, his movie is not very popular, and he is in a hurry to find investors! ”

Then Ron Meyer asked suspiciously: "But his movie seems to be Disney-style, can there be a market?"

Wu Ming smiled lightly and replied, "Even if you lose money, you can't lose much." The water in Hollywood is too deep, and if we want to really fit in, we will inevitably have to pay some tuition. This small amount of money is very worthwhile to befriend a big director with full potential. ”

These words are naturally Wu Ming's casual fabrications. As a born-again person, he doesn't know how high the box office of "E.T. the Extra-Terrestrial" is, which is more than $300 million.

Of course, the depth of water in Hollywood is also well known. In the previous life, Sony and Panasonic of the island nation spent huge sums of money to acquire the two giants of Hollywood, Columbia and Universal Pictures.

As a result, the little devil was miserable, and Sony paid billions of dollars in tuition and finally began to turn a profit. And Panasonic was directly pitted out of the game, and honestly handed over the world again.

If it weren't for the relatively small size of Lianmei, unlike other giants who want billions of dollars at every turn, Wu Ming would not be willing to buy it. If you accidentally fall into the pit, you can't cry.

Ron Meyer also agrees with what Wu Ming said, he is naturally very clear about the unspoken rules of Hollywood, especially since Wu Ming is still a foreigner, and he will be boycotted collectively if he is not careful.

Now for a small amount of money, it is indeed very good to befriend Spielberg, a great director who has many connections in Hollywood.