Chapter 457: Killing MGM (2)

MGM was founded in 1924 as a merger of three film companies: Mitro, Goldwin, and Louis Meyer.

But this company was not actually controlled by the founders of the three film companies for long.

In the second year of the merger, that is, in twenty-five years, Samuel Goldwin, the founder of Goldwin Film Company, had withdrawn, and in twenty-seven years, Marcus Lowe, the owner of Mitro Film Company, died of a heart attack.

In '57, after the death of Louis Meyer, the company was acquired by Edgar Bronfman.

And Edgar Bronfman......

In fact, it is the Canadian wine industry, the heir of Seagram.

That's right, his father, Samuel Bronfman, is the founder of Seagram! And his son, Edgar Bronfman Jr., is the ruthless man who sold 24.3% of DuPont's shares back to the DuPont family for 9 billion in the 90s, and bought Universal Music, but finally sold his ancestral property directly to Vivendi!

Of course, Edgar Bronfman wasn't as sand sculpted as his son......

Well, this is nonsense.

If he had sand sculptured like his son, Sigram would have been gone long ago.

During the period when he held MGM, MGM's film and television business actually did not have a bright performance, because the purpose of his acquisition of MGM was to use the MGM brand to do real estate business in the United States.

Like MGM Hotels, MGM Gold Stores, MGM Resorts......

In fact, he did it.

As for why he wants to buy a film and television company to engage in real estate?

This one is very simple.

Because Walt Disney's cultural tourism real estate is really profitable.

At the same time as he was vigorously developing MGM's real estate business, he found that the gambling business was profitable, so he wanted to open MGM's hotel to Las Vegas, and at that time, most of the land in Las Vegas was bought by Kirk Kokorian, a wealthy Armenian man, and if he wanted to enter, he had to contact the other party, so the two sides met.

Because before the meeting, Kirk-Corcorian sold his eighty acres of land to the Caesars Company, allowing him to build the famous Caesars Palace, and made a lot of money, so when Kirk-Corcorian learned that Edgar Bronfman wanted to make MGM, which already had a certain reputation, a landmark in Las Vegas, he had money and land in his hands, so he hit it off with the other party and bought a certain amount of MGM shares from him, and then, He also bought a part of the shares from MGM's second shareholder at the time, Times Company, and made up 40 percent of the shares, realizing a controlling stake in MGM.

Yes!

That's how rich people work together!

Do you have a brand, I have land?

Then we can work together!

As long as I buy you, then I don't have a brand and a land?

It doesn't matter what kind of casino or hotel to build, it's all up to me!

So, since 1969, Kirk Corcorian has become the owner of MGM.

In 73 years, MGM Grand Hotel and MGM Casino opened in Las Vegas, as the largest hotel and casino in the world at that time, its profitability far exceeded MGM's movie business, and even compared with Disneyland, it was not much better!

In '79, Kirk-Corcorian changed the ownership of MGM, from a film and television entertainment company registered in Los Angeles to a hotel company registered in Las Vegas, Nevada!

So, MGM's decline in Hollywood is actually normal.

When the boss is too lazy to do film and television, MGM is not dead, then it's weird!

But unfortunately, just as Kirk Corcorian was arrogantly waving MGM and swimming in the real estate industry in the United States, on November 21, 80, a fire broke out at the MGM Grand Hotel in Las Vegas.

The fire, which began in the refrigerated pastry display case of the restaurant on the first floor, eventually engulfed the hotel, which had 26 floors, more than 2,000 rooms, and entertained more than 5,000 people, killing a total of 85 people and injuring 650 people.

Direct economic loss, billion yuan!

Not only that, but at the time, it was the second-largest hotel fire in modern American history.

It was only slightly smaller than the 1946 Wynkov Hotel fire in Atlanta.

When this catastrophe appeared in front of Kirk-Corcorian, he wanted to continue to support him, so he called in lawyers, borrowed money everywhere, and tried to tide over the difficulties, and behind the eight-month renovation of the MGM Hotel to keep it open to the public, Kirk-Corcorian sold MGM's music division.

But alas, his struggle didn't last long.

When the lawsuit for up to $2 billion appeared, he could only sell the MGM Grand Hotel in his hand, and in order to clear up the relationship, he also sold MGM Film Entertainment to Ted Turner, the founder of the Turner broadcast network.

So far, MGM's real estate business and film and television entertainment business have finally separated.

Perhaps Ted Turner felt that the name MGM was associated with the casino murder was unlucky.

So after holding it for a few years, he sold his entertainment company to the Italian banker Giancarlo Paretti.

But the Italian banker Ancarlo Paretti was already burdened with a pile of debts, so within a few years, MGM was forcibly taken away by Carlo Paretti's creditor, CrΓ©dit France.

And it's useless for CrΓ©dit France to ask for MGM!

As a result, peddling Hollywood assets has become the only thing they can do.

If the matter comes to this, a rich man who likes the production of film and television dramas has acquired MGM, then this is Tianwen's development routine, but the problem is that the new owner of MGM is not a rich man who likes the production of film and television dramas, because-

It was still Kirk Corcorian who bought MGM from CrΓ©dit France!

Yes! He was forced to sell MGM in '86, and bought MGM back in '96!

The reason is actually very simple!

Because Kirk-Corcorian has reached an out-of-court settlement with all the victims in the MGM fire case that year!

No one understands why, after reaching an out-of-court settlement, Kirk-Corcorian wants to buy back the property he once sold, is it the depth of love? Or reminiscing about the past? No one can give a reasonable explanation anyway.

But the truth is, after ninety-six years, Kirk Corcorian is back as MGM boss.

Roland Allen would have to get his consent if he wanted to buy MGM.

"But it's not easy to get his consent."

Robert Miller, the current director of the FBI, opened his briefcase and pulled a stack of documents out of it.

"But we've found a way......

On November 21, 1980, the MGM Grand Hotel fire in Las Vegas, Nevada, made Nevada the focus of national attention, and after the fire, due to the large number of deaths and the wide number of casualties, the governor of Nevada ordered to strictly investigate the safety hazards of major hotels in Las Vegas.

Even though the gaming industry is the largest source of tax revenue in the region, they still closed Las Vegas for a week for inspections, and the resulting tax loss was as high as 1.7 million yuan.

But the problem is that on the 81st day after the MGM Grand Hotel fire, another fire broke out at the Hilton Hotel in Las Vegas.

After the explosion at the Hilton Hotel killed eight tourists due to the fire, the governor of Nevada quickly set up a fire safety rules committee to review the state's fire safety guidelines and regulations.

They require that all buildings open to the public have fire sprinklers installed in the building, as well as hotel rooms, smoke detectors in hotel rooms and elevators, and emergency exit lights in corridors.

And quickly legislate and enforce it.

When this regulation appeared, all casinos and hotels in Las Vegas entered the stage of closure and rectification.

When they reopen, the MGM Grand ......

It has also been reorganized. ”

Hearing such words, Roland raised his eyebrows.

Although it was the first time he had met Robert Miller, and he was still the current FBI director, he didn't feel a trace of nervousness at all in the company of Henry Rumsfeld.

Not only that, but he also asked very bluntly-

"You mean, the Hilton fire has something to do with MGM owner Kirk Corcorian?"

Although from the perspective of law enforcement officers, Roland's words are equivalent to malicious accusations, but the problem is that Robert Miller is not only a law enforcement officer, he is also a law enforcement officer of the Little Bush family, so when reason is greater than the law, he said directly: "There may be a certain relationship between them." ”

As he spoke, he pushed the document with the FBI logo in his hand in front of Roland.

Motioning for the other party to read the information gathered by the FBI.

"According to the case records of that year, we found that the explosion at the Hilton Hotel was caused by the hotel attendant Philip Klein who had an overdose of food and hallucinated and set fire to the curtain in the elevator lobby on the eighth floor of the East Tower.

But the problem is that the guy entered the Hilton after the MGM fire.

Prior to that, he had been a waiter at the MGM Grand Hotel. ”

β€œWhatοΌŸβ€

This information made Roland a little confused by the second monk.

"The profession of waiter is already very mobile!

With hourly wages, they may work at the MGM Grand Hotel today and apply for a job at the Hilton Hotel tomorrow.

So that's not proof that Kirk-Corcorian was responsible for the Hilton fire, right?

Even if......

The Hilton fire spurred Nevada's fire code reform and caused the closure of all hotels and casinos in Las Vegas. ”

And at the same time as his words fell, Henry Rumsfeld, who had already communicated with Robert Miller on the way here, shook his head and said: "According to normal people's thinking, this is indeed the case, but the question is ......

The Hilton Hotel fire case had problems when it was closed that year. ”

"Aha?" Roland blinked, frowned, and quickly swept his eyes over the Chinese in his hand, eager to get an answer from it, and at the same time, he also asked, "What's the problem?" ”

"Because the suspect in the case, Philip Crane, ah no, I should call him a criminal...... He lied back then. ”

Robert Miller pursed his lips, and he understood why he appeared in the hotel room on a big night to talk to another world's richest man, and he said slowly: "Philip Klein, is a bad guy.

Until the 80s, he lived in the Bay Area.

Because he smokes food all year round and has no proper job, he has a very close relationship with the local community.

Stealing, smashing, he's done everything.

But after being wanted by the Bay Area police, he knew that he couldn't live in the Bay Area, so he left there and went to Las Vegas, which is closer to the Bay Area, hoping to regain his life there......"

"But when he was working as a waiter at a Las Vegas hotel, he was still stealing guests' belongings, and he was embezzling company funds when he ran errands for the hotel." While Robert Miller was organizing the language, Henry Rumsfeld took over the conversation and continued: "But these are not the point, the point is that when he was arrested by MGM for embezzlement and formally prosecuted, this rotten man suddenly reached a settlement with MGM Resort.

At that time, it was only two weeks before the Hilton Hotel fire occurred. ”

"Because they are an out-of-court settlement, the police don't know what he paid to let MGM relent." Robert Miller shrugged his shoulders and said, "But after they settled, Philip Klein quickly went to the Hilton Hotel to apply for a job and became a waitress there, and then the Hilton Hotel caught fire."

During the subsequent interrogation, according to him, at the time of the crime, he was sitting on the sofa in the hotel smoking marijuana during his vacation, and because of the overdose hallucinations, he felt that his body was a little cold, so he took out a lighter, lit the curtains, and wanted to keep warm.

However, he did not expect that the flames would quickly rise up, climb up the curtains, break through the floor, and engulf the hotel.

And most importantly, when the Las Vegas police reviewed his confession, the police found that according to the other party's description, the flame could never grow quickly and quietly, and after the restoration scene found that there was a problem with what he said, the local police directly put him on a lie detector, and then he said that he was because he saw a gay man having sex next to him, so he broke down and wanted to kill them, and then lit the curtains, wanting to send the filth to hell. ”

"But alas, the police in Las Vegas did not find the gay couple he described."

While Robert Miller was resting, Henry Rumsfeld opened his mouth again and continued, "After his confession was continuously wrong, the police were actually wondering whether this guy was sent by MGM Resort, because only by bringing down other peers will MGM Resort's hotel not fall behind in the subsequent competition."

In the next two months, this became more and more obvious.

But just when the police wanted to change their thinking to solve the case, a woman who was in the hotel at the time suddenly jumped out to testify, she said that when she went downstairs to get ice, she did hear a fire report on the phone of the hotel, but because of the aging of the fire extinguisher, they could not extinguish the fire, so they could only wait for the firefighters to arrive, but the problem was that the firefighting equipment of the Hilton Hotel could not have a problem.

Because two months ago, the MGM Grand Hotel fire case caused all hotels in Las Vegas to update their fire extinguishing equipment.

But this set of charges was accepted by the jury.

Later, when the prosecutor in charge of the case wanted to sentence him to death, the jury put all the blame on the Hilton Hotel, saying that the Hilton Hotel failed to maintain basic fire safety equipment, and their negligence was the root cause of the fire, and Philip Crane was sentenced to eight life in prison.

While we don't understand how this kind of verdict was made, it is precisely because of the large amount of responsibility that the Hilton Hotel has taken on so much responsibility that Nevada's fire safety law will be quickly reformed......"

β€œβ€¦β€¦β€

Boy! Roland just wants to shout good guys!

If before, he thought that the reform of the Nevada fire safety law brought the Las Vegas hotels back to the same running line was just an accident, now, he really thinks that all of this is promoted by MGM owner Kirk Corcorian!

Because it was such a coincidence!

The reasons given in each link are untenable!

And the only thing that can stand is conspiracy theories!

But the question is......

There is no point in re-mentioning such conspiracy theories after an interval of more than 20 years without hard evidence!

Not to mention......

"If all the problems were pointed at Kirk Corcorian, the owner of MGM Grand, then why would the Hilton sit idly by and let the other side put all the blame on itself?" Roland asked suspiciously.

That's right!

Roland couldn't figure this out at all!

While the owner of the MGM Grand Hotel, Kirk Corcorian, can be called capital, ......

Isn't the owner of the Hilton Hotel capital?

In the case of capital confrontation, this kind of headless case has not become a large-scale tearing scene?

It's incredible!

And his doubts, for the guy who has already got all the information, it is actually a matter of course.

"This? It's actually quite simple. Robert Miller laughed and said, "Because the Hilton at the time was already in trouble."

Didn't I say that before? A lot of land in Las Vegas is in the hands of Kirk Corcorian, so when Hilton wants to expand in Las Vegas, they actually buy houses from Kirk Corcorian.

The predecessor of the Hilton Las Vegas was the international leisure club built by Kirk Corcorian, and after it was sold to Hilton in 70, Hilton built a large hotel with 620 rooms in five years, and in 77 years, erected a stadium that could accommodate 5,000 people.

Unfortunately, after the construction of the Hilton Hotel in Las Vegas, their founder, Conrad Hilton, died, and at the time of his death, the British gambling company Ladbrokes Coral wanted to buy the Hilton Hotel in Las Vegas.

In the process, the Hiltons were deeply divided.

His eldest son wanted to sell because he felt that the gambling business would damage the family's brand image, and his younger son didn't want to sell because he felt that the gambling business was really making money, from seven or nine years to eight or six years, and during this period, the fire at the Las Vegas Hilton Hotel was the focus of their anxiety.

So, in the difference between selling ancestral property and not selling ancestral property, who cares about this fire, is there a problem?

They just want to put out the fire as soon as possible, and then fight for the property! ”

Oops hey!

This big melon is addicted to Roland!

The fire at the Hilton Hotel was burned during the infighting of the Hilton family?

Then this would explain why the Hilton family didn't dig into this issue!

I am not peaceful inside, so what time do I have to deal with external contradictions?

There is no way, compared with the rich generation, the rich second generation is less ruthless.

This kind of ruthlessness does not refer to infighting, but expansion.

"Okay, I understand everything you're trying to say." Hearing this, Roland finally nodded, glanced at the time, and broke through the midnight pointer again, making him helpless, "But even if the case back then can be used as a breakthrough to attack Kirk-Corkorian, we can't do it until there is actual evidence!" ”

And his sorrow, for the two of them, is the embodiment of pressure.

"Don't worry, when the shale oil extraction bill is passed, the guy who is still in prison will take the initiative to jump out and cry out." Henry Rumsfeld laughed and said, "He would say that the fire had nothing to do with him." ”

"Yes, then we FBI will directly intervene, take the investigation report of the Las Vegas police, and tell the society that the police knew that he was lying, but still used his ignition confession."

Robert Miller continued: "That alone would allow the case to be retried. ”

"The Justice Department would then overturn the outcome of the case and order the FBI to re-investigate." Henry Rumsfeld said:

"Then, we'll put all the clues we've found on the table." Robert Miller spread his hands.

"When all the questions are directed at Kirk-Kokorian, we can summon him and, in accordance with the law, freeze his assets." Henry Rumsfeld pointed out the operability in the case.

"At this point, he's going to deny it, but it doesn't matter, because the guy in prison will jump out and testify that he lied because he helped Kirk-Kokorian cover up his reality." Robert Miller laughs.

"Although there is no actual evidence, it doesn't really mean whether there is evidence or not in this kind of case."

"That's right! Because our fundamental goal is to bring down his property with lawsuits, when he is short of money, he must sell his assets in an attempt to tide over the difficulties, and when the time comes, he will find that only MGM Pictures Entertainment can be sold. ”

"In this way, the end result is actually very simple......

"From high to low, the price of the auction, you can buy this company at the price you want."

"As for the competition? Inexistent! Because on our side, Time Warner and Fox will not offer, and Vivendi, who owns Universal, will not offer either, and the rest of Paramount and Disney will not offer...... You can figure it out yourself. ”

When the two old men decided the fate of MGM like talking cross talk, Roland, who was on the other hand, laughed quite happily, because what he was looking for was such a result.

When the power is in hand, there is power not to use, isn't that stupid beep?

And isn't the best embodiment of the right to use crushing?

Have you broken the law?

I don't care at all!

Because I think you're breaking the law, then you're breaking the law!

Do you want to sell your assets?

What does this have to do with me?

Because when I want to buy, you inevitably want to sell!

Although it all sounds so pompous.

But after helping these people run around, if Roland can't get these exaggerations, then it's the real exaggeration!

As for the rich......

Isn't a rich man without power just a pig......

You can be happy when I don't need you, and when I need you, you can only fat everyone!

Jeffrey Epstein, that's the best example!

"I'm very satisfied with this arrangement."

Roland smiled and shook hands with the two, "I'm even more satisfied with your efficiency. ”

At the same time that Roland embraced him in a friendly way, Henry Rumsfeld also stuffed another brown paper bag into Roland's hand and said, "We are also very satisfied with your help." And if we can see you tomorrow night, then we will be even more satisfied. ”

"Hahahaha~"

This kind of unwarranted response made the three of them laugh, and after pinching the heavy document bag, Roland, who knew it in his heart, said directly, "If you disturb your rest tomorrow night, you can't blame me." ”

"Of course not~" Henry Rumsfeld affirmed, "because we can't even welcome it~"