I’m in Hollywood - Chapter 1199

[Chapter 1065 Where did the money go?]

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After Mayer left, Eric simply packed up and returned to East 75th Street after get off work with the documents and packages that the female assistant had just handed over to him.

Cindy had also gone home and was taking a shower, and the door was opened by the personal assistant named Katherine Neumann that she had just hired.

Considering that Cindy was in urgent need of someone to take care of her, Eric focused on getting people to review the girls she liked first. In the end, only the German girl with short, neat ears meets the requirements.

Katherine Neumann is from Frankfurt, a major industrial city in Germany, and is just 24 years old this year.

Just like the outside world’s impression of Germans, when Eric looked at Katherine Neumann’s resume, he could almost see a meticulous atmosphere.

From the beginning of admission, Kathryn Neumann has been a top student with A+ grades since childhood. After graduating from high school, she received a full scholarship from Harvard University to study in the United States. In six years, she has successively obtained a bachelor’s degree in economics and psychology from Harvard University. Bachelor and Master of Business Administration.

At the same time, in addition to German and English, Catherine Neumann is also fluent in French and Spanish.

Moreover, in addition to her knowledge, this girl is also impeccable in dealing with people.

If the only downside is that the girl comes from a single-parent family.

Cindy didn’t care about this, and accused Eric of prejudice, and refuted the fact that he himself grew up in a single-parent family.

In all fairness, Eric has always been able to feel that the original owner of this body has left him with a lot of character flaws.

But since Cindy himself expressed satisfaction, Eric agreed.

After entering the door, Eric handed the folder and package in his hand to the girl, and while changing his shoes, he said, “The folder is in the living room. I’ll take a shower and look at it. The package was delivered to my study. Are you ready for dinner?”

Catherine Neumann took the things in Eric’s hands and nodded: “We’ve started preparations, Mr. Williams, do you have anything else in particular?”

Eric has always had no special requirements for what to eat, shook his head casually, and asked when Linda would come back, and then turned to the bathroom where Cindy took a shower.

He knocked on the door, reminding women who like to take a bath not to soak for too long, and he also changed to another bathroom to take a shower.

New York is the hottest time of the year, and although I spend most of my time in an air-conditioned room, I’m still sweating a lot at the end of the day.

After simply taking a shower and changing his clothes, Eric came to the living room with a fresh body, sat on the sofa and flipped through the Nasdaq market analysis report he brought back this week.

In the third week after the crash, as of 4:00 pm today, the Nasdaq has fallen back to 3056 points, which is another 13.3% drop compared to last week.

While losses have begun to narrow, in just three weeks, the Nasdaq has returned to where it was four months ago.

Compared with the peak of 5,000 points, the Nasdaq has plummeted 40% as a whole, and the wealth of more than $3 trillion in the entire Nasdaq stock market has evaporated.

Specific to the Firefly system.

Yahoo’s share price continued to fall 19.1% this week, and its market value has fallen back to $134.9 billion.

Compared with the highest point of 257.9 billion US dollars, it is almost halved.

It is conceivable that if no measures are taken, Yahoo’s market value may fall below $100 billion next week.

In recent days, with the support of Eric’s chip, Yahoo has negotiated a relevant agreement with Microsoft.

After next week’s high-level gathering, the entire Firefly system will also announce a series of measures to boost the stock prices of its new technology companies, so as to avoid unrestricted declines in the stock prices of Yahoo and other companies.

While reading the document in his hand, a fragrant wind came from beside him, Eric turned his head and kissed Cindy’s face, and said, “It’s been so hot in recent days, you don’t have to go to “America’s Next Top Model” On the set of The Contest, our little guy is the most important thing.”

“Of course I know,

However, it always feels like staying at home will cause problems.” Cindy snuggled up beside Eric, glanced at the document in his hand, and said, “How much did you fall this week?

”

“At 13.3%, the downtrend has slowed down, but the situation is still very bleak.”

Cindy nodded, moved, and said, “Eric, I want to discuss something with you?”

Listening to Cindy’s serious tone, Eric sat up straight and said with concern, “What’s wrong?”

“Didn’t you just buy a brokerage firm for that girl recently?”

“I just want her to learn something,” Eric explained softly, woke up again, and said with a smile, “You want to buy one too?”

Cindy nodded and said, “IMG.”

Eric was a little surprised: “IMG-Models or IMG-World? Besides, this company should be doing well, right? How could it be sold to you?”

The full name of IMG is actually International Management Company (–Group), and IMG-Models, where Cindy is located, is only one of the subsidiaries of the entire IMG-World Group.

Although the overall strength is stronger than Elite, IMG is also not a listed company.

Moreover, even if he hadn’t paid too much attention, Eric knew that the company was doing very well, and shareholders couldn’t suddenly want to sell the company for no reason.

“Of course it’s the entire IMG group, and I don’t have the intention to forcefully buy someone else’s company. IMG’s major shareholder took the initiative to contact me.” Cindy saw Eric’s thoughts and explained while holding the man’s arm. : “IMG’s founder, Mark McCormack’s family still holds 55% of the company’s shares. However, although Mark McCormack has been the chairman of the IMG Group, he has had few heart problems over the years. After asking about the company’s specific affairs, none of his children have the will to inherit IMG.”

“Then there’s no need to sell it, let alone, why would they want to sell it to you?”

“Because of this stock market crash,” Cindy said, “McCormack’s two sons mortgaged the family’s IMG share loan to buy technology stocks a few months ago, and lost more than $100 million. The situation has been very bad recently, and the bank They began to collect the arrears from them. It is said that the old McCormack was rescued once by anger, but he still had to agree to transfer the shares of IMG Group, otherwise he would be forced to auction by the bank.”

Hearing Cindy say this, Eric understood.

In fact, in recent times, the number of people all over the world, from the billionaires down to the ordinary middle class, has been lost because of the collapse of the Nasdaq.

Tiger Fund, which Eric has been paying attention to secretly, fell into huge losses again with the collapse of the Nasdaq due to Julian Robertson’s change of short-selling strategy and began to buy technology stocks in the last few months.

At this time, the total remaining capital of Tiger Fund was less than 5 billion US dollars, which has plummeted by nearly 80% compared to its peak two years ago.

Having suffered such a huge loss, Tiger Fund was doomed to be unsustainable, and Julian Roberts had to start liquidating the soon-to-be-historic veteran hedge fund and return the remaining capital to investors.

In addition, Eric has just received a personal letter from Walt Disney’s daughter Diane Disney Miller in recent days, hoping that Firefly Group can donate a sum of money to the Los Angeles Disney Concert Hall under construction to ensure this The project will not be stopped due to the broken capital chain.

The Disney Concert Hall was built by the Disney family with a donation of $50 million. However, the Disney Concert Hall project has been overrun in recent years, and the Los Angeles County government even issued government bonds to raise funds.

Eric learned from Katzenberg that the Disney family had planned to continue to spend $25 million on Disney Concert Hall.

But again, because the Disney family suffered heavy losses in this stock market crash, it is difficult for the other party to come out with another $25 million in cash, so they can only ask the Firefly Group, which owns the Disney brand, for help.

Although he is often criticized by related parties, in fact, Eric has never wanted to downplay the Disney brand.

On the contrary, Eric wants to downplay the Firefly brand and make the entire Firefly system less conspicuous, but this is obviously not realistic.

Although the Disney Concert Hall is mainly a public welfare project of the Disney family, it is also good for maintaining the Disney brand.

$25 million is not much for Firefly Group, and the public welfare donation can offset part of the tax, Eric readily agreed.

The Tiger Fund, the Disney family, and Linda’s $50 million investment in technology stocks that are still in their hands are just the most intuitive epitome of the grief-stricken investment market after the Nasdaq crashed.

It can be said that almost all investors who could not resist tempting to enter the market in the last few months of the Nasdaq bubble ended in losses.

After several weeks of plummeting, it is impossible for these investors to sell their stocks at a low price, because no one dares to take over them now, so they can only watch the originally valuable technology stocks gradually become waste paper.

Of course, there will definitely be people who ask, so many people lose money, where did the money go?

Simply put, the most lucrative sum of money must be earned by the listed company during the IPO process.

One might notice that many new stocks go public with more than 100% gains, which seems to mean that the public company is making less money than the investor, but that’s not the case.

Because the stock profits after the IPO are distributed to many investors, and if they are spread out, there is definitely no investor who can get more than the listed company.

Then, everyone began to beat the drums to pass the flowers. If the stock price went up all the way, then all players who spread the ‘flower’ ahead of time would basically make a fortune, until the last unlucky one.

Moreover, if in the process of spreading flowers, some players who had profited could not hold back their greed and picked up some bouquets again.

Then, when the stock market crashes, there will be a whole lot of bad luck.

The current situation of the Nasdaq market is a large number of unlucky people, and a small group of investors who have escaped the stock market crash and are secretly fortunate.

As for the Clover Fund, that’s a complete anomaly.

After all, no stock foundation has made a layout like Eric’s big entry a few years in advance.

Finally, it’s worth mentioning that, thanks to the frenzied cash burn of new tech companies in recent years, their most lucrative IPO funding is starting to run out.

It can be said that in addition to laying a messy foundation for the entire information industry, at the capital level, there are not many winners in this new technology bubble.

At this time, in the living room, although realizing that the McCormack family was mainly here for him this time, Eric still asked Cindy, “So, how much are they asking for?”

“$750 million,” Cindy knew that Eric must have understood it, and no longer concealed it, said: “In recent years, IMG’s net profit has been more than $100 million. According to normal valuation, IMG can at least sell for More than 1.5 billion US dollars. So, the offer given by the McCormack family is very reasonable. I discussed with Linda, she still has 100 million US dollars, I count 200 million here, and you have to pay the rest. already.”

750 million US dollars, controlling a large-scale talent agency company second to none in the world, Eric is still very excited.

Due to some lessons learned from investing in UTA that year, this time before investing in WM, Eric had done a detailed legal risk assessment and concluded that the plan was feasible.

Speaking of which, the bill on the separation of brokerage companies and production companies is also limited to Hollywood film and television production.

UU reading www.sonicmtl.

com Moreover, the reason for the emergence of relevant bills is mainly the result of lobbying by the two major Hollywood actors’ unions.

But outside of Hollywood, neither the music industry nor the fashion industry has a powerful group organization like the Actors Guild. Naturally, the federal government will not take the risk of offending capital to proactively issue relevant regulations.

Therefore, singers in the music industry are basically signed artists of record production companies.

As for the modeling industry, there are no restrictions. Many models are simply employees of brokerage companies with fixed salaries, just like Hollywood’s big studio era.

Moreover, an international talent agency like IMG Group itself integrates agency brokerage, program production and film and television distribution. The only difference is that the target of IMG’s agency is not actors, but supermodels, sports stars and even popular singers, etc.

Cindy kept watching Eric’s expression, waited patiently for a while, and then whispered, “Eric, what’s the matter?”

Eric nodded and said again: “$750 million is not a small sum after all. I should at least see some information about the IMG Group first, right?”

“I’m ready,” Cindy saw Eric’s breath loosen, and immediately got up and took out a thick file bag from the shelf next to the living room and handed it over, “Hey, Linda and I have already seen it. .”

Eric swiped his finger on the file bag and said with a smile, “IMG sent it over on their own initiative, aren’t you afraid they will lie to you?”

“Of course not,” Cindy glanced at the kitchen subconsciously, but couldn’t see a figure with short hair, and said, “We collected it ourselves, so there will be no problem.”

“Okay, I’ll take a look in the next two days and let the Legal Department do an assessment. If there’s no problem, you can contact the McCormack family next week.”

[End of this Chapter]