Heads Up Hollywood

Taxation has always been the biggest pain in Tang En's heart.

California is a heavily taxed area. The personal income tax is 39% federal tax and 9.3% regional tax, totaling 48.3%, equivalent to half of Tang En's personal income, handed over to the government.

Corporate income tax is also very high, 35% federal tax, 8.84% California regional tax, a total of 43.84%! It is also equivalent to taking away nearly half of the profits of Tang En Pictures.

Fortunately, unlike personal income tax, corporate income tax must be paid on a due date, and there are many ways to postpone payment.

"My Big Fat Greek Wedding" created huge wealth for Twain Pictures, and Twain also acquired Marvel because of this.

However, this is the result of the postponement of the payment of corporate income tax by Tang En Pictures.

Now, Tang En Pictures not only owes Tang En a loan of 7 million US dollars, but also owes the government as much as 40 million US dollars in taxes.

Including the subsidiary Marvel Entertainment's debt of 35 million U.S. dollars, the total debt exceeds 80 million U.S. dollars!

Hollywood is difficult to mix, not only for practitioners, but also for film companies. The reason why Lionsgate Pictures can develop is because Lionsgate is headquartered in Canada, and the corporate income tax is only 15%.

With the help of cheating devices and the blessings of "Titanic" and "Star Wars", Tang En's road to entrepreneurship is still stumbling. It's hard to imagine that the protagonists in many online novels can make a name for themselves in Hollywood with just one or two small productions. How the situation should happen.

Fortunately, Tang En has finally obtained tax benefits from Britain and Germany, and he has seen the dawn of dawn in this endless darkness.

With the current strength of Tang En Pictures, it is not enough to operate such a high-end operation, so naturally it is handed over to CAA for help.

Afterwards, Tang En discussed with Tom Rothman about the release of "Wedding Crashers", and confirmed that the film will be released in North America on August 10, and worldwide before September.

...

"Titanic" has a global box office of 1.88 billion, and "My Big Fat Greek Wedding" has a global box office of 420 million, with a total box office of about 2.3 billion US dollars.

In other words, the global box office of "Star Wars Episode 1: The Phantom Man's Menace" had to accumulate to 700 million US dollars before Twain could acquire the "Mirror Mirror Possession" skill again and start filming "Spider-Man".

With the current box office trend of this movie, it is not a big problem to reach this goal before August.

Even many forecasting agencies are calculating whether the North American box office of "Star Wars Episode 1: The Menace of the Phantom Man" can break the myth created by "Titanic" and break through the $600 million mark.

As for the global box office wanting to surpass "Titanic", the possibility is very small.

In its second week, the market response for "Star Wars: Episode I: The Phantom Menace" remains strong.

Monday, $13.79 million;

Tuesday, $12.5 million;

Wednesday, $10.9 million;

Thursday, $9.68 million;

Friday, $17.8 million;

Saturday, $25.78 million;

Sunday, $23.6 million.

The box office total for the next week was $114 million!

After 133 million US dollars in the first week, the box office continued to exceed 100 million US dollars in the second week, and the total box office in the two weeks reached 247 million US dollars!

In contrast, the box office of the blockbuster "The Mummy" released by Universal Pictures has continued to plunge, with a weekly drop of more than 50%. At present, the weekly box office is less than 10 million.

And Dreamworks' movie "A Thousand Knots", which collided with "Star Wars", has disappeared under the impact of the Star Wars frenzy.

This was a small production, and it was not surprising that it failed miserably, but the director of this film is from Xiangjiang, named Chen Kexin.

"Boss Chen, my brother didn't mean to target you. If you want to blame, you can blame DreamWorks. The schedule arrangement is seriously wrong!"

After Tang En heard about it, he smiled wryly.

It is difficult for foreign directors to mix in Hollywood. Lao Chen screwed up this 15 million US dollar investment movie, and the road to Hollywood is completely shattered.

"Twain, there's news from Mr. Heyman!"

Reese Witherspoon rushed in excitedly without even knocking on the door, and cheered and said to Dunn.

"David Heyman?" Tang En also stood up excitedly, "Has he got JK ​​Rowling done?"

Reese nodded heavily, "Yes, he did persuade Ms. Rowling to transfer the copyright of the entire set of "Harry Potter" novels, and also removed some of the harsh conditions we promised. He said it was because of "Star Wars Episode 1: The Phantom Man Menace is so hot at the box office that JK Rowling doesn't want to have trouble with a big director like you."

"Hmph! Thanks to her self-knowledge!" Tang En sneered, "Tell me, is she talking loudly again?"

Reese Witherspoon: "$5 million, plus 3 percent on future profits."

Indeed, the lion opened his mouth!

Andrew O'Hare is negotiating with the copyright owner of the fantasy masterpiece "The Chronicles of Narnia", and the other party has retreated to the asking price of "US$6 million + 5% dividends".

And the current "Harry Potter" is not at the same level as "The Chronicles of Narnia"!

Tang En was in no hurry to purchase the copyright of "The Chronicles of Narnia" due to financial constraints, and was still negotiating. But Harry Potter, he didn't want to delay at all.

"Promise her and sign the contract immediately!"

"But we're tight on cash."

Tang En gritted his teeth viciously, "Don't worry about it, even if you want to sell everything, you have to start as soon as possible!"

The "Harry Potter" novel has not been promoted by any media company, and it has set off a big craze in the United States. He even watched the adaptation of "Harry Potter" children's play starring Taylor Swift.

Does gold always shine?

Tang En wasn't sure, if "Harry Potter" really became shining gold, then all his plans would come to naught, and the copyright must be obtained as soon as possible!

Afterwards, Dunn called David Heyman, congratulated him, and thanked him.

David Heyman is very polite. He is really optimistic about the "Harry Potter" project. With a leading commercial film director like Dunn Walker, this series will definitely become popular all over the world.

"Twain, when will the "Harry Potter" project start?" David Heyman was obviously very eager. He completed Tang En's task excellently, and the producer's position would certainly not be missing.

Moreover, his production company, Shengri Films, is a British company. In the future, after the filming starts, the tax rebate must be operated through Shengri Films.

Tang En had a black line on his forehead. He was so worried that he was about to spend two pennies of his money. How could he have extra funds to start "Harry Potter"?

Working with Warner?

Twain is absolutely unwilling, so it's better to donate directly to Africa, and get a good reputation. Cooperating with Warner will be annexed sooner or later.

"Next year, next summer. You should know that I just acquired Marvel and I'm preparing for a superhero movie with limited energy."

Tang En agreed casually, and his thoughts flew away.

Because of his appearance, the copyright of "Harry Potter" did not fall into the hands of Warner, and the start of the film project was more than a year later than in the previous life.

Those former leading actors, I am afraid that they will miss the "Harry Potter" series, right?

Tang En was actually a little melancholy.

After all, Emma Watson's flourishing beauty is somewhat exciting.