Hollywood Hunter

Chapter 358 War breaks out

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Brisbane on the east coast of Australia.

The time is July 27th, and the summer vacation in Hollywood is still going on, and MGM CEO Shirley Lansing had to fly here.

Because Christopher Skars, chairman of MGM's Australian parent company, Qintex Group, suddenly absconded.

Things have to start with the Japanese stock market bubble.

As we all know, Australia is a highly dependent economy. Throughout the 1980s, the Australian economy grew rapidly thanks to Japan's demand for minerals and farm chips. Australia was also dragged down as Japan's stock market bubble burst late last year, and the economy began to sink into the 1990s.

The Qintex Group expanded rapidly by borrowing heavily during the booming 1980s of Australia's economy.

If the Australian economy continues to grow strongly, it may be able to barely support it. When the economic situation turns sharply, bank credit tightens, and investors begin to become conservative, Qintex Group will quickly become unsustainable.

After completing the acquisition of 70% of MGM's equity last year, Qintex Group has restructured its assets during this period, and the overall debt amount still reached 1.7 billion US dollars. This does not include the debt of MGM itself, which has exceeded 800 million US dollars compared to last year. .

Perhaps feeling that the Qintex Group is difficult to maintain for too long, since the end of last year, Christopher Skars has continued to draw blood from the company through various channels, and then transferred the funds to overseas accounts.

In a recent financial audit, the Qintex Group board of directors found that an abnormal 'management fee' of $13.5 million was illegally transferred to an overseas company. After further investigation, it was discovered that this was a shell company registered by Christopher Skars. .

After urgent consultation with shareholders and creditors, the board of Qintex Group finally chose to call the police.

Christopher Skas was arrested and jailed for one night, and after being released on bail the next day, he fled to Spain without any delay.

With Christopher Skars absconding, the Qintex group instantly turned into a crumbling mess. Shareholders and creditors don't even have the energy to pursue Christopher Skars now. How to maintain the collapse of the Qintex Group is the most important thing.

Qintex Group was involved in various industries such as media, film, resort and jewelry retailing at its peak. However, after tossing to the present, the two most valuable assets of this company at this time are only the Seventh Television Network in Australia and MGM in the United States, and other industries have basically been sold.

The Seventh Television Network has been doing quite well in recent years. However, although it is a nationwide television network, it is naturally impossible for the Australian television network to compare with North America, and its valuation at this time is only 800 million US dollars. The 70% stake in MGM was purchased at a price of $1 billion last year. If you choose to sell it at this time, $1 billion should not be a big problem.

Coupled with some other fragmented assets, the overall valuation of the assets under the Qintex Group's name can actually pay off the debt.

However, in the event of a bankruptcy liquidation, these assets would certainly depreciate.

Moreover, it involves billions of dollars in assets, including various complex bond relationships. If you want to directly liquidate, it will definitely not be completed in the short term. Qintex Group can only maintain it as much as possible, step by step. Asset restructuring, so as to minimize the losses of shareholders and creditors.

Qintex Group headquarters in Brisbane.

When she saw Simon, Shirley Lansing finally relaxed a lot.

Originally hearing the news, Shirley Lansing felt that the MGM CEO position she had just held for a while was about to be lost.

Now, since this young man is willing to intervene, and he was the one who introduced him to join MGM, then, unless MGM changes hands, she should not be swept out of the house in the short term. Apart from her, Australians are unlikely to find a second suitable company executive in Hollywood for a while.

It's just that I don't know if Westeros is going to take over MGM.

Thinking of some recent Hollywood rumors, Shirley Lansing has some vague expectations.

Amy Pascal's annual salary this year may exceed $100 million, which is something that most Hollywood executives can't even dream of.

As a woman who can climb to the top of the Hollywood pyramid step by step, Shirley Lansing naturally has her own ambition and revenge. She also believes that if Westeros can take over MGM, the company will be able to get out of the mud immediately.

The meeting on the asset investment and management adjustment of the Qintex Group after Christopher Skars left lasted for a whole day. Shirley Lansing was also considered to be a high-level executive of the Qintex system, so she participated in the whole process. She also knew that Simon attended the meeting. The purpose has nothing to do with MGM, but for the Seventh Television Network held by the Qintex Group.

To be precise, it was the Johnston family who wanted to buy Network Seven.

After the operation in the capital market for the past two years, the Johnston family also holds a large amount of cash.

According to Raymond Johnston's mind, it must be the first to use the funds to expand the family's business in mining and transportation. Simon also knows that Australia's mining resources will undergo large-scale consolidation in the next 90s, and eventually a world-class oligarch like BHP Billiton will emerge.

In such large-scale production

In the process of industry consolidation, the Johnston Holding Group, whose overall market value controlled by the Johnston family is only about US$5 billion, is difficult to influence the overall situation. Unless they can quickly become a behemoth, it is very difficult for small and medium-sized mining companies to be merged or crushed in the face of a billion-dollar industry oligarch like BHP Billiton.

Now BHP and Billiton are still two companies, and the market value is not as scary as it was later. If some means are used and the funds are sufficient, it is not impossible for the Johnston family to swallow elephants, but Simon does not understand this aspect. , The opinion he can give temporarily is to accumulate his own strength through diversified development.

Moreover, the media has always been a shortcoming of the Johnston family. At this time, it is a bit wasteful to have Simon's resources in the entire Hollywood and not to develop business in this area.

Australia now, like North America, has many restrictions on overseas capital investing in the domestic media industry, but again, these restrictions will be gradually loosened in the 1990s.

Simon's long-term plan is that after the Australian media industry is opened to overseas investors, the Johnston family has also achieved good results in this aspect.

Then, on the North American side, the Internet industry and the media industry can also provide Simon with a large amount of cash. At that time, Simon can buy out the Johnston family's peripheral business at one time, providing enough funds for the Johnston family to make a small business. Take over an industrial giant like BHP or Billiton and continue to expand.

Relatively speaking, the Johnston family put their money directly into the mining sector, because the Japanese economic recession throughout the 1990s caused a decrease in demand for mining resources, and it was impossible to get a high return on this money.

In order to help the Johnston family accumulate more capital, not only the media, these days, Simon is still discussing with the old man to get involved in Australia's telecommunications and network industries.

The Australian telecommunications industry, which has previously been a state monopoly, has recently been discussing opening up. Moreover, in terms of mobile communications and the Internet, the Westeros system can just provide enough technical support for this side. If these industries can be listed in North America in the next few years, taking advantage of the new technology wave, it is still possible to cash out a large amount of money. It's a breeze.

It can be said that, not just buying land in Tasmania, Simon is indeed planning to operate Australia as his own overseas base.

If the most important plan in Simon's vision is realized, and Johnston Holdings can eventually develop into a behemoth like BHP Billiton, plus the layout of other industries, then, by then, the Australian economy will basically be in the Simon and Johnston family's. in control.

Of course, these things cannot be done overnight.

In the next ten years, it will be very rare to be able to complete the preliminary layout.

However, what Simon lacks the most is time.

If it can take ten or twenty years to control a country and achieve the economic status of Samsung Group in South Korea, it is completely worthwhile.

After a day of discussions, Qintex Group shareholders and creditors finally reached an agreement with the Johnston family to sell Seventh Television Network to Johnston Holding Group at a price of $700 million in cash. At the same time, as a potential exchange, on the Hollywood side, Daenerys Entertainment will take out two of the original 10 movie plans to cooperate with MGM to help MGM recover.

Until night fell, the various meetings and discussions that lasted all day finally came to an end.

When everyone left the conference room, Shirley Lansing finally stepped forward to stop Simon and said, "Simon, do you want to have dinner together tonight?"

Simon nodded, thought about it, and said to Veronica Johnston, who came to negotiate with him today, "Let's go together."

Veronica froze for a moment, nodded slightly, and hummed.

She had already made an introduction during the day, and Shirley Lansing knew that this cold-looking woman was Janet Johnston's little aunt, but, out of a woman's natural intuition, Shirley Lansing clearly felt that, There is obviously some kind of difference between Westeros and this woman.

However, this thought occasionally flashed in her mind, and Shirley Lansing stopped thinking deeply.

It's someone else's business after all.

Thinking too much, angering this young man is completely worth the loss for her.

I randomly chose a good restaurant near the headquarters of Qintex Group. The three sat down and ordered a meal. Simon first asked, "How is the copyright issue of 007 handled?"

"Still talking, I'm going to buy the Spectre copyright from Kevin McCrory and settle this dispute completely. McCrory's asking price of $5 million is a bit high. As for the script, according to your original reminder , the company has completed the first draft of "Golden Eye", I just brought it here, Simon, do you want to see it?"

"I'll go back directly to Melbourne later. After you go back, let someone send the script to Malibu," Simon nodded and said: "In addition, the male lead needs to be replaced, and Timothy Dalton is really not suitable for the role of 007. . You can reach out to Pierce Brosnan and see if he's interested."

Shirley Lansing thought of Pierce Brosnan, who entered Hollywood's vision with "Pretty Woman" in the first half of the year, and thought for a while: "Brosnan should not play this role easily."

If Brosnan was just a second- and third-tier actor, he would of course be interested in 007.

However, since they have already entered the front line, few stars will be willing to lock themselves in the shackles of the image of 007. Although 007 will bring a lot of fame, once they participate in the show,

Actors are often difficult to transition. For so many generations of 007, only Sean Connery's career has developed fairly well, and this is entirely the result of caa's full support.

Simon also quickly wanted to understand this truth and said: "You can get in touch with him. If you can't do it, you can change other people. The most important thing is to sign a few more film contracts."

Shirley Lansing nodded to note it down. After thinking about it, she couldn't hold back and asked, "Simon, why don't you just buy MGM?"

Simon, who seemed to anticipate Shirley Lansing's doubts, didn't answer, just casually turning the subject to the collaboration between the two films.

If there is no planned acquisition of mca, Simon will definitely buy MGM without hesitation, or, even if he takes over a part of the shares from Qintex Group, he believes that Qintex will be extremely happy.

However, no matter how broken MGM is, it is still one of the top seven.

In the early 1990s, the antitrust regulation of the media industry in the United States was still very strict.

Daenerys Entertainment is strong enough now. If MGM is controlled again, the mca acquisition case will definitely be subject to anti-monopoly investigation. Simon does not want to make a big mistake.

After dinner, I took Shirley Lansing to the hotel, and Simon and Veronica rushed to the airport together. It only took more than an hour to fly from Brisbane to Melbourne. There was no place to stay here, and Simon planned to return overnight. .

Veronica will come over tomorrow, but when Simon returns to Melbourne, she also silently follows Simon back to Melbourne.

The Boeing 767 landed at Melbourne Airport, and the two rushed to the mansion together, which was just nine o'clock.

Anthony Johnston was also here tonight. Simon and Simon had just arrived home when Anthony stepped forward and handed him a copy of the document he had just received.

In recent days, the situation in the Middle East has been on the verge of breaking out. However, many people still firmly believe that Iraq will not use force against Kuwait in the end.

However, after reading the information in his hand, the last trace of worry in Simon's heart disappeared.

The information on the documents in hand shows that this afternoon, local time in Baghdad, Saddam suddenly met with the US ambassador in Baghdad. The content of the discussions between the two was not made public, but the documents obtained by Simon clearly showed the meeting. Content.

The US ambassador to Baghdad promised Saddam that Washington would not interfere in Iraqi military operations in the Middle East.

From what happened later in Simon's memory, he knew very well that such a promise was nothing but fart, and that the Bush administration's purpose was simply to drag Iraq back into the quagmire of war.

Saddam, however, apparently believed it.

Now that the overall situation has been decided, the next day, Simon also quietly flew back to North America.

The last days of July passed quietly.

So until August 2, the explosive news quickly spread around the world.

In the early morning of August 2, local time, the Iraqi Republican Guard suddenly crossed the Iraq-Korea border and crushed Kuwait City.

This war, which brought together countless people to conspire to seek profit, finally broke out.

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