327 Very Satisfied
Before Christmas, Ronan signed a formal financing contract with three entertainment companies on behalf of the Pacific Film Foundation. The three entertainment companies each invested $25 million in the Pacific Film Foundation, which is a total of $75 million.
Compared with the long-term credit banks in the island country, this investment amount is much smaller.
However, this is the investment amount of the same period of financing.
In other words, the three entertainment companies have only signed one investment contract with the Pacific Film Foundation for the time being.
This period of investment is also three years, with a fixed rate of return of 12%. The investment is paid in two installments within four months, and the first payment time is after the New Year.
In terms of cash flow, the three entertainment companies are certainly not as good as financial investment institutions such as the island country's long-term credit bank, but the amount of US$75 million can at least allow Shahai Entertainment to solve the production budget of three medium-sized film projects.
Ronan is very satisfied with this cooperation. The three entertainment companies have a strong desire to invest in Hollywood and have expressed enough sincerity.
The two sides also agreed that if the cooperation is satisfactory, South Korea will continue to cooperate with the Pacific Film Foundation.
In addition, Ronan also talked with them about the copyright authorization of North American Internet in Korean film and television works. The heads of the three entertainment companies are willing to act as the intermediary of Netflix's contact with Korean film and television production companies.
With these local snakes in hand, Netflix's work on collecting copyrights for Korean film and television works will be smoother.
Netflix's copyright library needs to be expanded step by step, and North America is the most troublesome to talk about, but the copyright of overseas works is much easier.
Only when the copyright volume increases and the number of optional products increases can customers be further attracted.
On the day Ronan led his team to leave Seoul, Kim Young-min accompanied him to the airport to see him off.
"Mr. Anderson." Kim Young-min shook hands with Ronan: "I hope this is the beginning of our cooperation and we can become strategic partners in the future."
Ronan smiled and said, "I believe this day will come soon."
Kim Young-min said politely: "This time is too tight, so please forgive me if there are some places where the hospitality is not good."
"I am very satisfied with your hospitality." Ronan said politely: "I fully feel your enthusiasm and hospitality."
Kim Young-min seemed to have misunderstood Ronan's words, lowered her voice a little, and said, "Mr. Anderson will come to Korea next time, I will arrange it for you."
Ronan said, "Thank you. When Mr. Jin arrives in Los Angeles, he must visit me."
Kim Young-min said with certainty: "It must."
The two shook hands again, and Ronan followed the negotiation team to enter the boarding gate.
Kim Young-min watched Ronan's figure go further and further away, but she was a little worried. Jun Ji-hyun and Song Hye-kyo can be said to be the top actresses in the local entertainment industry. If the other party comes again next time, can we find a better one?
It really doesn't work, so the quality is not enough, so the quantity is enough. There are not many other subsidiaries of m Entertainment, but the girl group can take out a dozen.
Ronan and his group did not stop in East Asia anymore, but took a flight to Los Angeles.
On the one hand, Christmas is coming soon, which is the most important festival for Americans. After this high-intensity overseas work, the team also needs rest and adjustments.
On the other hand, the financing goal has been fully achieved.
Not counting the financing after the first phase, just calculating the Pacific Foundation's first phase of financing next year, the island country's long-term credit banks plus the three major entertainment companies in South Korea have a total financing of up to US$275 million.
In addition, Ronan has other financing channels.
Even if there may be some troubles in financing privately from Abu Dhabi after the 9/11 terrorist attack, Relativity Entertainment can still raise funds from the Mountain Foundation in Mumbai, India and Koch Film in Germany.
In this way, even if Shahai Entertainment has produced multiple medium and large-scale production projects at the same time, the funds are quite sufficient.
With the financing goal achieved, Ronan does not need to go to an indescribable country again, after all, there are huge risks that cannot be described in words there.
Especially the large scissors, there is no unified and clear standard, which is really worrying.
After Ronan returned to Los Angeles, he took a short break on Christmas for three days and quickly became involved in work.
He first met Kazuo Inoue who came to Los Angeles, briefly talked about the situation after the other party came to Los Angeles, and then held a banquet to entertain Kazuo Inoue and his group.
The specific authorization negotiations were left to Netflix's Mark Randolph.
The film and television works of the island country are not available for sale in North America, and the Internet license price is even lower. After Netflix received the expansion of shares of Relativity Entertainment, its current working capital is sufficient, so it is not a problem to obtain the authorization of some film and television works overseas.
Netflix is following the path of regular commercial companies, not a street-style operation. Many things that come into contact with copyright law must be paid attention to.
Before the New Year, Jun Ji-hyun came from South Korea to Los Angeles accompanied by his agent. Ronan was busy with work and met her in a hurry. He asked Connie to take her to Warner Studio to find Shanda Remus and asked the crew to arrange for Jun Ji-hyun to audition.
In the script of "Grey's Anatomy", there is an Asian character named Christina Young, whose role is the second or third supporting actress.
At first, Shanda Remus found an actress named Sandra Wu according to Hollywood's usual aesthetic. Originally, Ronan had no objection, but after seeing the photo of the actress, he directly rejected the candidate.
This so-called Asian beauty actress is really incompetent.
Ronan feels that it is necessary to re-establish the standards for Asian beauties in Hollywood.
Just in time, you can try it out first.
The only problem is that compared to the role setting of the intern doctor, Jun Ji-hyun is a little younger, but fortunately, it can be solved with makeup.
Ronan is the first producer of the investment company and the project. Shanda Remus has no capital to say no yet. Jun Ji-hyun passed the audition very smoothly and called Ronan specifically and said he wanted to invite him to a meal to express his gratitude.
Since there is no time yet, Ronan pushed it to the future.
Ronan stays at Warner Studios until late every day these days, and exchanges opinions with director Gore Vipensky on the shooting and preparation of "Pirates of the Caribbean".
The project's production budget is as high as US$120 million, and with publicity and distribution costs, the total investment is expected to reach US$200 million.
According to the general situation in Hollywood, the global box office of the first Pirates of the Caribbean must reach 600 million US dollars to ensure that the money can be recovered through the box office.
Both for investors and directors, the pressure is quite great.
"Ronan, I want a certain time."
In the office, Gore Vibinsky asked directly: "Not counting shooting, there is still a funding gap of 40 million US dollars in the early preparations. When will the funds be in place?"
Ronan knew that Gore Vibinsky was under great pressure and promised: "Don't worry, before January 5, the crew will have an extra $20 million on the books, and the remaining $20 million budget gap will be available to the account of the end-of-film guarantor when you need it."
The island country's long-term credit bank has been in contact with the Pacific Film Foundation, and the two sides are negotiating funding matters, and the first $100 million financing will arrive soon.
South Korea has always been very active. On the third day of Ronan's return to Los Angeles, his first financing of up to $35 million was on the Pacific Foundation's account.
But the money was not invested in the Pirates of the Caribbean crew, but was given priority to launching the two projects "Hurricane Rescue" and "Summer of Jeans".
Especially in "Hurricane Rescue", the director and the two leading actors were all in place, the script was finalized long ago, and the crew has been established, and the full preparation will begin after the funds are in place.
"Summer of Jeans" is still in the script improvement stage, but after the New Year, the project will also enter a period of rapid operation.
Ronan also contacted Tony Koch for these three projects. After the New Year, Koch Pictures will apply for Germany’s tax refund discounts in accordance with the existing procedures.
Especially "Pirates of the Caribbean", the production budget is as high as 120 million US dollars. Once the tax refund application is passed, the tax refund amount of 10% of the expected income will be as high as tens of millions of dollars.
Of course, Ronan could not let go of such legal income.
Gore Vibinski discussed some filming plans with Ronan, and said: "After the $20 million fund is in place, I will take most of the crew to Rosario, Baja California, to carry out the final preparations there. During the shooting, there will be priority for filming the scenes there."
Ronan agreed: "Yes." He then instructed: "You communicate with the special effects team in advance."
"Yeah." said Gore-Vippensky: "I've said hello to them."
Shortly after the crew was established, Ronan decided to outsource the special effects production of "Pirates of the Caribbean" to Industrial Light and Magic, a subsidiary of Lucasfilm. This is the most powerful film feature production company in Hollywood and even the world. Although the fees are higher than those of ordinary small companies, the special effects are more guaranteed.
Special effects are one of the selling points of "Pirates of the Caribbean", and of course, quality must be guaranteed.
Leaving the crew office, Ronan went to Studio 3 and saw the training of the main actors, including Johnny Depp, Keira Knightley, Jeffrey Rush and Christian Bale, who are undergoing professional sword training suitable for filming.
Film sword training and competitive swordsmanship are not the same thing. The former must ensure that the swordsmanship is beautiful and beautiful based on a certain authenticity.
According to Ronan's requirements, the crew's action guidance team removed a lot of too fancy things when designing the action.
In the past two years, influenced by action guides from Hong Kong City, Hollywood action scenes are undergoing huge changes. While abandoning old-fashioned fighting, a new style has not yet been formed, so there will be a weird dance film like "Charlie's Angels".
After watching the training, Ronan did not disturb the actors and quickly left Studio 3.
Chapter completed!