Chapter 556: The Sudden Entangler

After Qiao Feng watched the nun's crazy shooting, most of the goals of this trip to the United States were completed, and the rest was to talk to MGM about the release time and release plan of his new father-in-law.

MGM has no money to do a good job of publicity, but without publicity, the box office of the movie will inevitably be greatly affected.

For MGM, no matter how it is calculated, it is very difficult for them, they want to have a high box office but no publicity budget, and they want to spend less money to do publicity casually, but they are reluctant to affect the box office.

For MGM, it is a dilemma, and for Qiao Feng, it is a hundred harms and no benefits.

Because it is MGM's business to be responsible for the distribution, it has nothing to do with him, at least the publicity and distribution expenses were set at MGM when they were cooperating at the beginning, and MGM received not a little bit of the publicity and distribution fees, but 7% of the distribution fee, and the publicity costs were deducted separately.

Now Qiao Feng's movies are generally distributed in the United States with the lowest distribution fee of five percent, and MGM's seven percent is very high.

For Qiao Feng, since MGM was unkind and unrighteous at the beginning, and now it will affect him because he does not have the funds to publicize it, then Qiao Feng will definitely not be polite to MGM.

As for saying that there is no money, MGM can either borrow or Qiao Feng can come out, but if it is to be counted in the investment, the proportion of the share will have to be renegotiated.

MGM was naturally reluctant to renegotiate the sharing ratio, they felt that Qiao Feng was looking at their current financial difficulties, so they took advantage of the fire to rob.

The negotiators on both sides argued on their own merits, and they had to fight for three points if they didn't do so, and a conversation would take a week.

And when the negotiations were fierce on this side, Qiao Feng on the other side was also arguing with Corklian over the purchase price of MGM.

Then, on the first day of the golden autumn October, when my country was celebrating the National Day, Qiao Feng suddenly got a big bad news.

The acquisition of MGM has met a rival and is a giant rival.

Sony from Ben got the news out of nowhere, and suddenly contacted Corklian to buy MGM.

"Damn." Qiao Feng, who learned the news, couldn't help but burst into foul language.

Seeing that he was about to negotiate the price, he was cut off by someone, and the one who cut off the beard was not bad for money.

This Nima, the acquisition is about to be finished.

In the past two years, the economy of this country has been on the fast track, no matter which industry you do, you can make money, especially real estate and stocks, and you can make a lot of money if you are a fool.

Especially after Black Monday last year, the U.S. stock price hit a record for the largest plunge in history. If

As Japan raises interest rates, the amount of US Treasury bonds, corporate bonds, and stocks subscribed by Japanese financial institutions will inevitably drop sharply, and the US stock crisis will inevitably deepen further. Japan's Minister of Finance, Kiichi Miyazawa, agreed to the request of the United States and continued to ease finance, and continued to implement the low-interest policy of the lowest interest rate in history, and the comprehensive policy aimed at expanding domestic demand also continued.

In this way, there is an excess of liquidity, and the excess funds are invested in price increases

Stocks and land with high expectations, and the rapid increase in the price of these virtual assets have caused a "bubble" in the economy.

At this time, I said that I have money, and I am very rich, so large enterprises are buying and acquiring everywhere, buying and buying everywhere, not long ago Mitsubishi Heavy Industries bought the Rockefeller Center, and there are many tourist attractions, and there are places suitable for living in which I have purchased them, which is also a very large scale of my immigration.

Qiao Feng knew that his company would get involved in the entertainment industry and would enter Hollywood to make trouble.

After Sony, another electrical and electronics company, Panasonic, also spent $6.59 billion to buy Universal Pictures in 1990.

At that time, the seven major Hollywood companies were owned by the company.

It's just that, compared to Sony's insistence in Colombia, Panasonic ended miserably after a few years.

Panasonic's assets include Universal Pictures itself, MCA Television Group, MCA Home Video and Pay TV, MCA Recording (including Geffen Recordings, which MCA bought from Dave Geffen in March 1990), Putman Publishing, a 40% stake in Cineplex Odeon Cinemas, Globe Amphitheater, and a 50% stake in USA Cable Equity in Universal's vast film and television library.

Finally, of course, there's the Universal Studios theme park, which opened in June 1990 near Orlando, Florida, and is doing great business as a joint venture between MCA and the British Rank Organisation.

As a result, Le asserman, the former chairman of the board, cashed out $350 million, freeing up his hands and former president Sid Sheinberg to focus on the management and operation of the global company. The president of the company was replaced by Akio Tani, and the chairman of the board of directors was replaced by Masaharu Matsushita.

After Sony acquired Columbia Pictures, Sony had to face the grim reality of the film industry due to the latter's serious lack of financial returns. Soon, Panasonic also painfully realized that home appliance production and film production are two very different industries, and in the film industry, anything unforeseen can happen.

For example, the fiasco of the 1990 film "Havana," directed by Sidney Pollock and starring the superstar Robert Redford, was supposed to be a blockbuster success in theory.

1991 was a disappointing year, and Universal still didn't have many surprises for its new owners.

The only masterpiece worth mentioning is director Martin Scorsese's remake of Universal's 1962 thriller "Cape Horror," which was a hit with Robert Mitchum in 1962 and featured the superstar Robert De Niro, which grossed more than 39 million in the United States.

In 1992, the performance improved with the release of the comedy "Fried Green Tomatoes", which was released in the UK by Electric Shado-Rank, and the comedy "I Have Beethoven in My Family, which tells the story of a big dog named Beethoven.....

Of course, the best movie of 1992 was Smell the Woman, starring Al Pacino, with good acting.

After buying Universal, only a few of Panasonic's investments in Universal, and even made a lot of money, but lost more and more, far more than the money earned.

In 1995, with the highly-anticipated Kevin Costner directing and starring "Future Water World" disastrous budget out of control, and MCA Television's poor year-end performance in 1994, the new president, Yoichi Morishita, decided to abandon the MCA Group at all costs.

At this point, the situation of the two major groups entering Hollywood was shattered in an instant.