Chapter 385: DreamWorks Group (Part II)
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After buying Twentieth Century Fox and six local television stations in New York, Los Angeles, Chicago, Houston, Dallas and Washington, Xu Cun set out to integrate the DreamWorks Group. Pen "Fun" Pavilion www.biquge.info
First of all, Xu Cun first spent 13 million pounds to buy Neck Island, which he bought in 1978 for 300,000 pounds from Sir Richard Branson, the founder of the British Virgin Group.
Necker Island is a 30-hectare island in the British Virgin Islands, surrounded by the Côte d'Azur, with a stunning landscape and a sense of seclusion, surrounded by a coral reef and a rich diversity of marine flora and fauna.
Of course!
In terms of the beauty of natural scenery, there is still a lot of gap between Necke Island and Musa Island, which is known as the pearl of the Caribbean Sea.
Then why did Xu Cun, who already has Musa Island, buy Necke Island?
The answer is simple, because Necke Island will soon have a name that will be known all over the world - a tax avoider's paradise.
In order to develop the local economy, the government of Necke Island will pass the International Business Companies Act in the second half of this year, allowing foreign companies to set up "offshore companies" in the local area, and providing extremely preferential policies. In addition to paying the annual renewal fee for the business license, the company established in the local area is exempt from all local taxes; the company has no minimum limit on registered capital, and any currency can be registered as capital; the registered company only needs one shareholder and director, and the company does not need to have local residents among the personnel; there is no need to declare the information of the manager, and the accounts and annual reports do not need to be made public.
Xu Cun plans to take advantage of the fact that China G has not yet taken back Xiangjiang (so that he does not have to worry about being attacked by public opinion in the future for relocating the company) to establish a parent company, DreamWorks Group, on Necker Island to lead Xu Cun's many subsidiaries.
The reason why Xu Cun chose to register the parent company of a number of subsidiaries in Neck Island is not all because of tax avoidance, but also because as long as a parent company is established on Neck Island, which has no foreign exchange controls, a high degree of secrecy, and no restrictions on the transfer of funds, Xu Cun, who owns banks and many subsidiaries, does not have to worry about others knowing how much net worth he has.
After the DreamWorks Group is built:
Xu Cun first dismantled the 20th Century Fox Film Company -- all the TV stations of the 20th Century Fox Film Company and New York, Los Angeles, Chicago, Houston, Six local television stations in Dallas and Washington, D.C., as well as Xu Cun's Phoenix TV station in Xiangjiang, formed the DreamWorks Television Network, with Barry Diller as the president of the DreamWorks Television Network, and Xu Cun gave Barry Diller a 6 percent stake in the DreamWorks Television Network (about $60 million, about the same amount as the news stock that Murdoch gave to Barry Diller in the previous generation.) )。 The film production and distribution companies of Twentieth Century Fox Films were merged into DreamWorks Films, with Jeffrey Katzenberg serving as president of DreamWorks Films, and Jeffrey Katzenberg's original stake in DreamWorks Films (DreamsWorks Films) was reduced from 10 percent to 4 percent. Xu Cun's old friend Alan Ryder Jr. was hired by Xu Cun with a high salary as the CEO of DreamWorks Group.
After the reorganization, DreamWorks Television Network and DreamWorks Film Company (US G Branch) are all owned by the DreamWorks Group.
In addition to DreamWorks Television Network and DreamWorks Films (Meig Branch), DreamWorks Films (Xiangjiang Branch), DreamWorks Records Group, DreamWorks Video Games Company, DreamWorks Toys Company, DreamWorks Brokerage Company, DreamWorks Cinemas, DreamWorks Video Cassette Distribution Company, DreamWorks Electronic Imaging Co., Ltd., and DreamWorks Studios are all owned by DreamWorks Group.
In other words, except for Huangtu Land, Baye Bank, and independent finance companies, all the companies owned by Xu Cun are included in the DreamWorks Group (the small and medium-sized companies that Xu Cun invested in to his female relatives are not in the DreamWorks Group.) )。
Bush Jr. created and acquired companies not much slower than Xu Cun -- Xu Cun had just completed the acquisition of the 20th Century Fox Film Company and six local television stations in New York, Los Angeles, Chicago, Houston, Dallas, and Washington, and Bush Jr. created and acquired ArbustoEnergy (Bush Energy) and oil companies such as Spectrum7 and Harkenenergy, and became a partner or president of these companies.
After George W. Bush completed the acquisition, Xu Cun acquired a number of shares (worth $500 million) in oil companies such as ArbustoEnergy, Spectrum7, and Harkenenergy.
With Xu Cun's $500 million stake, Bush Jr. easily became the decision-maker of oil companies such as ArbustoEnergy, Spectrum7, and Harkenenergy, which undoubtedly laid a solid foundation for Bush Jr. to take charge of the United States and G in the future.
Bush Jr. used the political influence of the Bush family to solve the troubles that Xu Cun encountered when he bought the Twentieth Century Fox Film Company and six local television stations in New York, Los Angeles, Chicago, Houston, Dallas, and Washington.
Therefore, the 'friendship' between Xu Cun and George W. Bush is increasing day by day, and it is developing at a rapid pace like a pair of good friends.
But-
Xu Cun knew very well that the reason why Bush Jr. was willing to become good friends with him, and it could even be said that the Bush family was willing to help him, was not only because he gave Barbara $50 million and invested $500 million to help Bush Jr. obtain decision-making power for oil companies such as ArbustoEnergy, Spectrum7, and Harkenenergy, but also because he had a certain amount of public opinion power -- the DreamWorks television network.
Although the current DreamWorks television network is far from comparable to the three major television networks in the United States and G - ABC, CBS (CBS) and NBC (NBC), anyone with a discerning eye can see that DreamWorks has the potential to become the fourth largest television network in the United States and G.
How can a political system be reluctant to accept the power to sway public opinion?
Therefore, of course, the Bush family is willing to pull Xu Cun into the camp of the Bush family.
All in all, Xu Cun's trip to the United States has gained very well -- Xu Cun has not only created the television network of his dreams, but has also taken a step closer to his relationship with the Bush family.
But-
At the same time as he made huge gains, Xu Cun, who had spent nearly $3 billion in the United States, has become a poor egg again -- now, Xu Cun's $1 billion in Swiss Bank, $500 million in Citibank, and $500 million in Bank of China Group have all been spent, and Xu Cun owes another $300 million to the Bank of China Group and 3 billion Hong Kong dollars to Baye Bank.
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(To be continued.) )