Chapter 669 Lehman Brothers
Century City in Beverly Hills, not far from the Relativity Building, Fox Building is located there as always.
Since being acquired by News Corporation, Twentieth Century Fox has been very stable. Even when filming "Titanic", some executives of Twentieth Century Fox claimed that they were forced by James Cameron to almost sell their butts, which was just an exaggeration.
Since entering the new world, although 20th Century Fox is not as good as Warner Bros., the industry leader, but it has always been in the top three.
Twentieth Century Fox has encountered some big and small troubles recently.
"Fantastic Four", which has invested a huge budget and has completed all the filming, is gradually being despised by comic fans.
Jim Prouss has read the latest episode of the "Fantastic Four" comic and threw it directly on his desk.
The producer Michael Barnathan, who was sitting opposite, said: "This is the tenth issue. It is not in the expansion universe, but the main comics universe. Marvel really wants to give up the "Fantastic Four" comics."
Jim Prous did not respond, but asked: "How much impact does comics have on the movie?"
"Comic fans are the most basic audience group in the movie." Michael Barnathan made people evaluate it: "Marvel Entertainment is a planned and purposeful transformation of comics. The transformation of Fantastic Four in comics, they designed a relatively reasonable process. According to the news I received, Marvel Entertainment's plans will last until the eve of our movie."
He is very cautious: "Long-term accumulation will lead to changes in fans, at least some fans' views on the characters, and then affects the movie..."
Michael Barnathan didn't want to see the video he made being dragged down and even failed. He asked tentatively: "Are we consider talking to Marvel Entertainment? It will be no good for both sides to suffer."
Jim Prouss looked serious: "Marvel thought that with relativity entertainment, we would give in?" He was tough: "Michael, look longer, don't just focus on your project. If we give up on "Fantastic Four" and promise some of the conditions for Marvel Entertainment, will they put forward new conditions for the "X-Men" series?"
Michael Barnathan shut up because the situation was obvious enough.
Relativity Entertainment needs more than just the profit share of "Fantastic Four".
"Don't we do something?" asked Michael Barnathan.
Jim Prous said slowly: "You should pay attention to keeping communication with News Corp. Our media will speak for the movies. Although we are powerless in the direction of comic content, we can still influence the audience through the media. I have already told the public relations department to disclose some of the conflicts between us and Marvel Entertainment at the appropriate time."
Michael Barnathan said: "I get it."
Jim Prous knew that some methods were being carried out in secret, but he would not tell others, so he waved his hand: "You think of more ways to promote PR."
"Okay." Michael Barnathan stood up and said goodbye.
After dealing with the work at hand, the secretary knocked on the door and walked in.
"Mr. Prous." said the female secretary softly: "Mr. Richard Ford of Lehman Brothers is here."
Jim Prous stood up and said, "Take me over."
Five minutes later, in the luxurious reception room on the top floor of the Twentieth Century Fox, Jim Prous met Richard Ford, one of Lehman Brothers' top executives.
"Hi, Richard." Jim Prous shook hands with Richard Ford: "We're meeting again."
Richard Ford said with a smile: "I came with the friendship and sincerity of the Lehman Brothers."
Lehman Brothers, one of the four major investment banks, is a giant company on Wall Street.
There are countless investors around the world who want to invest their funds in Lehman Brothers, and countless companies who want to obtain valuable investments in Lehman Brothers.
The various investment products launched by Lehman Brothers have always had relatively reliable returns.
Jim Prous asked with interest: "I heard you have launched a new fundraising plan?"
Richard Ford's smile became even brighter: "Lehman Brothers has designed a new investment plan for real estate projects, intending to raise $6 billion. This plan has very little investment risk and an annual return rate of about 7%. If Fox is interested, please feel free to invest."
"We have no funds for the time being." Jim Prous declined first, and then asked, "Can you talk about it in general?"
Richard Ford said: "Of course." He organized his language slightly: "In the past two years, real estate has recovered significantly, the market is active, transaction volumes in major large and medium-sized cities have risen sharply, and the government is also supporting it."
Although Jim Prous is not engaged in the real estate industry, he has some understanding of the basic situation. The real estate industry has really been thriving in recent years.
"Fox is an important customer of Lehman Brothers," Richard Foulder continued: "I don't have to hide you either. Jim, Lehman Brothers plans to inject the real estate loan market with the $6 billion raised, and use banks that work with Lehman Brothers to lend to home buyers."
Hearing this, Jim Prous frowned slightly: "It takes a long time for a mortgage loan to recover the investment."
Richard Ford couldn't help laughing: "The return time is too long, we can't wait, and investors can't wait either. Therefore, after we recover the loan contract, we will increase the interest of 7 to 8% on the basis of the contract loan amount and resell it to the insurance company..."
Jim Prous nodded gently: "Short, flat and fast return on investment."
"That's right." Richard Ford said: "This is much faster than investing in movies. Jim, should Fox participate? I can set aside a $1 billion quota."
Jim Prous was cautious: "Let's discuss this later."
Such a large amount of funds was not something he could decide. Not only did the board of directors agree, but Rupert Murdoch also nodded.
Richard Ford said: "Well, let's talk about the cooperation first." He finally got to the point: "Lehman Brothers has passed a resolution to provide 20th Century Fox with a five-year loan of up to $1 billion, assisting Fox in acquiring several Internet companies such as ign entertainment and image sharing website photobucket."
Jim Prous said: "This is good news."
The acquisition of these two websites involves the layout of Twentieth Century Fox on the Internet.
Since Netflix, a subsidiary of Relativity Entertainment, has conquered cities on the Internet, Hollywood has completely realized the role of the Internet in promoting the traditional film and television industry, and 20th Century Fox has also made efforts.
But starting from scratch is too slow, and acquisition is the best choice.
Richard Ford said with a smile: "Lehman Brothers has always been an investment partner of News Corp and deserves assistance."
This is not a polite statement. Although News Corp. has cooperated with investment institutions such as Merrill Lynch and Credit Suisse since entering North America, Lehman Brothers has always been the biggest contributor in helping News Corp. absorb startups.
After obtaining a loan from Lehman Brothers, Twentieth Century Fox has more room for improvement in capital flow.
Jim Prous didn't talk about the loan anymore and asked instead: "I heard you want to invest in Relativity Entertainment Group?"
Richard Ford admitted: "There are indeed plans for this. There are many companies that Wall Street wants to invest in Relativity Entertainment, but none of them can achieve it."
Jim Prous asked deliberately: "Why didn't Wall Street unite to put pressure on relativity entertainment?"
"We also want to." Richard Ford was somewhat helpless: "Relativity Entertainment is not a listed company and has no business dealings with Wall Street. Most of their funds are raised through overseas investment institutions, while those people and companies mostly have investment competition with Wall Street."
He shrugged: "There is one more important thing, Ronan Anderson's Pacific Investment Foundation can bring stable returns to those investment companies every year."
In the past, Wall Street has not cooperated with some companies that invested in the Pacific Foundation, but Wall Street has always been arrogant to overseas customers, and those people have suffered far more losses than they earn.
The relationship between capital depends on who can bring more benefits.
"What a pity." Jim Prous said with a sigh: "Relativity Entertainment is a delicious big cake, but we can't share the delicious food."
Richard Ford was not stupid and asked directly: "Do you have a good idea?"
Jim Prous said: "Relativity Entertainment Group has abundant funds, rapid development, complete industrial chain, and relatively healthy internal management. The most important thing is the concentration of equity. There is no good solution in a short period of time. But Relativity Entertainment does not, which does not mean that Relativity Entertainment's cooperative companies do not have them."
Richard Ford shook his head: "We have no interest in other companies, and investment is not proportional to returns."
Wanting to share the cake for relativity entertainment does not mean that Lehman Brothers will be a gunman for the 20th Century Fox.
It’s not that he has heard of the dispute between Relativity Entertainment and Twentieth Century Fox.
No one is stupid. Seeing that Richard Ford didn't take on his own topic, Jim Prouss stopped and said: "Lehman Brothers is good at focusing on the entertainment of relativity. No one is sure when they will be short of funds. This is very common in Hollywood."
With a giant like Lehman Brothers staring at him, it can add a lot of pressure to relativity entertainment.
Besides, James Murdoch's men are already moving around in Los Angeles, and they may gain something soon.
Richard Ford left Fox Building after discussing with Jim Prous for a while.
After getting into the car, he saw the Relativity Building that seemed to be close to him through the car window. He ordered his assistant: "Contact Relativity Entertainment and make an appointment with Ronan Anderson. I want to talk to him in person."
Chapter completed!