Chapter 672 Chapter 672 The Power of Capital

"Alright." The old man who spoke vaguely and thanked the top smiled in a round game: "Don't worry, the board of directors just wants to understand the situation, not to hold anyone responsible, the rise of a high-quality emerging company will always affect the original industry capital, and it is not anyone's fault." As soon as he spoke, everyone was silent.

The old man is Todd Hardy, chief investment officer of Berkshire, the largest hedge fund on Wall Street, and a co-representative elected by the board of directors of the Big Six studios to check and balance the vicious competition between the Big Six to the detriment of their investors.

The reason why the Big Six have developed to the scale they are today, and they can still reach a delicate balance with each other, and there is no state of attacking each other, is largely because there are hedge fund funds behind the scenes to coordinate policies.

For all Hollywood filmmakers, the CEOs of the six major production companies are the biggest power holders in their minds, because they dominate all aspects of a film from the top, investment, organization, shooting, promotion, and distribution.

But these high-ranking CEOs are not decades ago, ruled by Warner Bros. and Disney Brothers, a blood-related family business, all the big Hollywood studios have gone public, introduced the power of capital, and the traditional family business has gradually sold its own equity and slowly withdrew from the core stage, and now it is these Wall Street investment experts who are leading the operation of Hollywood's money-making machine.

In their opinion, movies are no different from other businesses, and there is only one simple criterion for success, that is, how much profit is there? And Todd Hardy is the real helmsman of this entire industry, the representative of the huge capital behind Hollywood, he doesn't understand movies, he has only one goal, how to make the entire Hollywood Grand League, benign and healthy development, and create more profits.

"Jeff, can you answer my question now, how much has your year-over-year growth decreased since the end of last year?" Todd Hardy asked, looking calmly at the Warner CEO.

"Year-on-year ...... Year-on-year growth is gone...... This is already a negative growth compared to the same period last year. Jeff Robinov listened a little more relieved and replied helplessly.

"What about the other five?" Todd Hardy looks like an ordinary old man in the American countryside, but his thick accent is slow and gentle, but the questions he asks are terrifying......

"There have been varying degrees of decline...... Disney's president Alan Bergman lowered his head, the rise of Black Pearl has caused the market share of the Big Six to decline, last year's Christmas box office war, and now the summer box office war, have made the Big Six lose a lot of profits.

"From last year to this year, we've lost at least $637 million in profits, and that's only half a year......," Colk Corkerian, sitting across from him, snorted heavily, his tone unusually cold, unhappy with the recent inaction of Todd Hardy, the chief investment officer.

"Are there so many?" Todd Hardy frowned, although it seemed to be asking, everyone knew that he already knew the answer, although the chief investment officer who controlled the scenes of Hollywood was kind on the outside, but it was difficult for everyone to guess what he was calculating.

"Alas...... No one can stop coming. Todd Hardy sighed slightly, and swept Jeff Robinoff, Alan Bergman, and others with a gentle and serious look:

"You all have to reflect on it, for what you have been doing over the years, your thinking has become more and more rigid, you are holding on to those series that have left the old book before, and not to open up new series, different types of movie themes, you should all learn to learn from the courage of the Black Pearl Company, don't always keep an eye on your own short-term interests, just think about making quick money to make your annual assessment look better, our board of directors is not stupid, and will not only take a year's report to measure your ......"

Todd Hardy's criticism made everyone bow their heads and be silent, the performance of the six of them is indeed growing every year, but the production system is becoming more and more rigid, almost no investment is made in risky movies, and only focuses on the previous successful series of movies, such as this summer, such as the Black Pearl Company took out the theme of "Hulk" that Universal smashed, and as a result, they all used the sequels of various series such as "Pirates of the Caribbean 3", "Spider-Man 3", "Shrek 3", "Ocean's Thirteen" (Rohan Series 3), The same quality and fresh subject matter will certainly surprise the audience even more.

This is the general atmosphere of the six major studios in recent years, their six companies are constrained by capital, and the CEO of each company has to evaluate the annual performance, which is fearful, for fear of being swept away from the floor if something goes wrong, and they simply dare not take too much risk in new themes, even epic blockbusters like "The Lord of the Rings" are actually made by small companies like New Line, and the enterprising Lionsgate Company has also continued to succeed in the unpopular theme of horror films. Not to mention that Black Pearl has teamed up with other smaller companies, similar to Summit Entertainment's "Twilight Zone" showing cutting-edge ideas.

In contrast, the Big Six are more like an old and slow behemoth, although the power is still huge, but it has lost the adventurous spirit of opening up new themes for film art under the management of the family model, and is more and more like an oligopoly company that relies on its monopoly of resources to squeeze the profits of others in the industry.

"Mr. Hardy!? You don't want to let that Li Xiaole continue to do this nonsense, right!? Leigh Canon, who was disgraced by Li Xiaole at MGM, couldn't help but shout.

"Canon, is this the place for you to have your say?" Colk Corkrian's eyes suddenly opened slightly, and he snorted, and Leigh Canon shook his head with a blushing face.

After reprimanding his son-in-law, Cork Corkrian turned his face to look at Todd Hardy again, and said with a gloomy old face: "Hardy, I know what you are thinking, yes, you have always looked down on me, and I can understand that you don't agree with my way of doing business, yes, this time the Black Pearl Company came out, and the biggest loss was indeed me, and my hundreds of millions of dollars were pressed in the half-dead garbage company of MGM and couldn't move...... Let the old lads of the board see the jokes.

But don't forget~ In the end, Li Xiaole is different from us, he is a Chinese, if you let him grow bigger, it will not bring any benefits to the overall economy of our big alliance, do you think he will willingly join us here? Do you think that allowing capital to flow into hundreds of millions of Chinese companies is really in line with your strategic policy of advocating the sustainable and healthy development of the big alliances? ”

"I think you can try, I think whether it's as a director or a businessman, Los Angeles will be much more attractive than China." Todd Hardy is not in the least moved by this kind of Cork Corkerian questioning, but he does not deny that he appreciates Li Xiaole's attitude, and on the board of directors, he and Cork Corkerian represent two types of investors.

He is an agricultural thrower, believing that in an industry silently invested, to support the industry's infrastructure, so that the industry into a benign development of the track, these basic investments may not be effective in the short term, but as long as the foundation is solid, then the industry in the future to create a long-term profit rate of return will greatly exceed people's expectations.

Cork Corkery is the opposite of him, he is a hunter-type investor, and his target is to shoot him with one shot, and maximize profits in the shortest possible time, even if he squeezes the potential of the industry.

Now, the board of directors of the Big Six is more and more inclined to the way of Kolk Corkry, after all, the old fox has made more than a billion dollars in profits just by buying and selling MGM.

But Todd Hardy sees further, he sees the hidden worries of the entire Hollywood major leagues, and Colk Corkry's approach will eventually make the entire Hollywood film system more and more lifeless, and in the past ten years, the major leagues have completely lost the vigor of the 8 and 90s, and the vitality of the good film reviews has become more and more corrupt and outdated.

And if Li Xiaole, a rising force, can be pulled into the Hollywood Grand League system, what kind of vitality will this outsider bring? Todd Hardy is eager for him to activate the industry's backwaters.

"Hardy, don't fantasize, Li Xiaole will not become an American citizen as you wish." Kolk Corkery squinted his eyes and reminded:

"I would like to remind you that in the three-year period from 2004 to now, the California film and television entertainment industry has decreased by 1. 10,000 jobs, down 11%, and the general industry of our film production is only about 20 to 25 percent of the profits, and now the whole of the United States is in the subprime mortgage crisis, the currency is getting tighter and tighter, money is getting harder and harder to earn, and the investment environment is not what it used to be.

What we need to do now is to vigorously promote Hollywood's share of the overseas market, and the Chinese and Indian fighters have great market potential, instead of letting Li Xiaole, a Chinese, steal more than a billion dollars of profits from our major leagues in a year~"

"Hmm...... Let's take a look at it again, looking at the box office of "The Incredible Hulk", maybe Li Xiaole will agree to us, not necessarily. Todd Hardy faced the questioning, but his wrinkled face was calm, and he didn't give Cork a chance to talk more, squinting his eyes and announcing the end of the meeting: "Okay, let's break up if there's nothing to do...... Let's all go back and get some rest. ”

Everyone looks at me, I look at you, and they all know in their hearts, in the final analysis, we still have to see how "Hulk" and "Captain America" perform after that...... What kind of changes will happen to Hollywood, a major league, in the future because of this Li Xiaole, everyone has no bottom in their hearts......