America's Road to Wealth

In addition to MGM movies in the United States, there is also the MGM Phantom Group.

The MGM Phantom Group was the parent company of MGM Films more than 20 years ago.

After Kerkorian's first sale of a movie to MGM.

MGM Phantom Group, its relationship with MGM Films was divested.

Since then, MGM Films has been independent, and MGM Phantom Group is another company.

The main business of MGM Mirage Group is hotels, real estate and gambling, with its main businesses concentrated in Las Vegas, Nevada.

It is Kerkorian's core corporate industry and the uncrowned king of Las Vegas.

What Abel bought from Kerkorian this time was just an MGM movie.

If it were the MGM Mirage Group, it was a giant that ranked more than 200 on the top 500 in the United States. It would be impossible to even think about it without more than 10 billion US dollars.

MGM Mirage in Las Vegas.

MGM Films, like the other eight major Hollywood studios, is located in Los Angeles.

October 31st.

Los Angeles, MGM Film Headquarters.

This headquarters building is currently MGM's most valuable property.

It is 22 stories high and was built in the 1980s.

The current land value is approximately US$220 million.

However, the building has long been mortgaged in exchange for loans to maintain the company's development.

MGM's entire company, except employees, things that cannot be used as collateral.

Basically anything of value, including film libraries and copyrights, has been mortgaged.

This is why it has such a high debt ratio.

After all, if you want to borrow money, you always need some collateral.

Then use these things to mortgage.

On the top floor of the headquarters building, in the company's largest conference hall.

The executives of the entire MGM film company are all gathered here today.

They had received the notice yesterday.

Abel Smith has not appeared since the acquisition of MGM movies for nearly a month.

I'll be here for the first time today to chair today's meeting.

Regarding Abel's arrival, the entire management was basically panic-stricken.

The United States does not have the saying "three things to do when a new official takes office", but it has a similar habit.

There is no way the company can continue to be the same as before when the new boss comes.

And among the panicked management.

The calmest,

Instead, it was MGM’s current CEO, Alex Yemenidye.

Alex Yemenije just took over MGM last year and took the job for less than a year.

The reason why he seemed calm was that Alex Yemenidye knew that others might not leave.

But he himself will definitely be fired.

Because Alex Yemenidye is a member of Kerkorian and a confidant.

The company has changed its boss, and it is impossible for him, the confidant of the original boss, to stay in his original position.

Abel had a private agreement with Kerkorian and had already arranged for Alex Yemenidye.

The reason why Alex Yemenidye can continue to serve as CEO after nearly a month.

This is because Abel needs this guy.

During this one-month period, MGM was maintained and integrated.

Abel, through Kerkorian, kept Alex Yemenidye in office for another month.

It is to let Alex Yemenije be Abel's knife this month.

In nearly a month.

Alex Yemenidye worked throughout the company to cut many projects that Abel didn't like and eliminate some bloated departments.

MGM has reduced its 1,440 employees to just over 1,000.

The knife had completed its mission, and Alex Yemenidye knew it was time to throw it away.

Fortunately, his old boss Kerkorian was nostalgic and had arranged for him to return to work at MGM Phantom.

Alex Yemenije no longer has any worries, and he is having a great time being the bad guy this month.

Of course.

The cost of laying off corporate departments and company employees in the United States is very high.

Alex Yemenidye was so happy when he fired his employees.

That's also a new boss.

The new boss is also very rich and doesn't mind spending money to fire people.

Today Alex Yemenidye is at this high-level meeting where Abel will also appear.

The only thing he wanted to know was who would succeed him as the new CEO of MGM Films.

At nine o'clock in the morning, the door of the conference room was pushed open on time.

The former MGM film executives sat in half an hour early.

They saw a handsome, tall young man who walked in first.

Abel Smith!

Everyone immediately recognized the identity of the person in front of them.

After all, he has appeared in the American media too many times this month.

Behind Abel, there were six or seven people following him.

They were all MGM film executives, unfamiliar faces they didn’t recognize.

In the depressing atmosphere, Abel did his part, walked to the main seat in the conference room, and sat down directly.

The people who came with him. They stood silently behind him. They were uniformly dressed in black suits, giving these former senior executives a depressing feeling.

"Good morning everyone."

After sitting down, everyone saw Abel smiling and saying:

"I won't introduce myself. Everyone should know me. If you don't know me, there is no need to stay in the company."

After the somewhat cold opening remarks.

Abel looked directly at the silent Alex Yemenidy on his left.

"First of all, I would like to thank Mr. Alex Yemenidye for his contribution to MGM in the past year."

"But now I believe that Mr. Yemenidye is no longer fit to continue serving as CEO of our MGM Films."

Alex Yemenidye, who had been mentally prepared for a long time, heard Abel call his name.

He stood up calmly and seemed relaxed:

"Yes. Due to personal work and personal ability issues, I will no longer continue to serve as CEO of MGM Films."

"Okay." Abel nodded with satisfaction, "Mr. Yemenije, you can go out and collect your things now. Thank you for your contribution to MGM."

Alex Yemenidye nodded calmly, turned around and left, walking directly out of the conference room.

As a private agreement between Abel and Kerkorian.

Alex Yemenidye The knife that Abel borrowed.

Playing his final role as a knife, he severely shocked the remaining executives of the original MGM film.

Let these senior executives realize that the new boss is serious today.

The CEO was fired right away, and the CEO didn't even put up a fight.

Alex Yemenidye is like this, let alone them?

The uneasy atmosphere in the conference room intensified again.

Then they heard the voice of the new boss, which caused them to focus all their attention on a man about fifty years old.

This man,

He was one of those people in suits who came in with Abel.

This man looks gentle and elegant, and even looks a bit like Mickey Mouse when he smiles at this moment.

"Let me introduce to you, this is Mr. Robert Iger. He was previously the chairman of Disney Animation, but he will become the CEO of MGM."

Abel's voice was slow and steady as he introduced the elegant and gentle-looking Robert Egger.

"Now we would like to ask Mr. Egger to introduce himself."

Disney’s Animation Chairman, come to be our CEO?

MGM executives were stunned.

But Alex Yemenidy had just been fired, and the boss was sitting on top again.

Robert Egger's entry met no resistance.

This elite man who looks exactly like Mickey Mouse has served as the CEO of Disney for fifteen years in a parallel time and space, and has single-handedly made Disney dominate Hollywood with a smile on his face.

Under Abel's guidance, he stood in front of the seat where Alex Yemenidy was sitting just now.

"Hello everyone, I'm Robert Egger. Many people may not know me, but they should by now."

"Yes, I was the chairman of Disney Animation in the past. But I was moved by Mr. Abe Smith's sincerity, and he invited me to come and work at MGM."

"I am very happy and hope that in the coming time, I can work with you to develop MGM even more brilliantly."

Robert Egger also sounds the same as he looks.

Gentle and refined, not sounding aggressive.

Abel nodded beside him, applauding David Jones for being able to find such a talent.

Because the acquisition of MGM was somewhat abrupt.

MGM was in hand, but Abel had not found a suitable candidate to take charge of MGM in his own talent pool.

After much thought, he found that he was the most suitable person for this job.

There are only two Michaels, Ovitz and Levine

But of these two Michaels, one is now the president of CAA, and it has only been two months since he took office again.

It's not certain whether he can do it well or not. After all, Ovitz was working as an intermediary before.

The other is the president of Isha and AB Smith Entertainment, Michael Levine.

Isha and AB Smith Entertainment are important to Abel.

Abel could not find a trustworthy and capable manager to replace Michael Levine.

In addition, Michael Levin may not be able to be the president of MGM. He was also an agent before.

Apart from these two people, Abel has no talents suitable to be the head of a film company.

When you are helpless,

David Jones suggested to him that he might find someone through a headhunting firm.

This is the best way when there is no one on your side.

Abel agreed.

David then used a headhunting company to prepare five candidates for Abel.

Among these five candidates, Abel picked Robert Egger at a glance.

This is the chairman of Disney Animation who just took office not long ago.

Mainly because he remembers,

In a parallel time and space, the person who later replaced current Disney President Michael Eisner as the new Disney President was named Robert Iger.

Combine this with the experience of Robert Egger.

Abel confirmed that it was Robert Egger.

Bringing Disney in parallel time and space to the top of Hollywood.

He immediately asked David Jones to contact the other party, and then asked the headhunting company to take action.

Robert Iger originally didn't want to leave. He had been at Disney for several years.

He finally became a senior manager, and there are still many shareholders at Disney who like him.

But Abel has the money ability.

Abel offered him an annual salary that was far twice as generous as his current salary as chairman of Disney Animation.

There are also better benefits than he had at Disney.

There is also the equity dividend that he is unlikely to receive from Disney in the short term.

MGM can provide it here.

And Abel also promised,

The funds that MGM lacks most will no longer be lacking in the future.

In addition, Abel had already waved his hand before this.

Got James Cameron's latest mega-production.

The $500 million budget will be given as promised.

No matter in Hollywood or the American entertainment industry, no boss has ever been so generous.

Although Abel's behavior was privately ridiculed by the entertainment giants as "people are stupid and have too much money."

But this kind of person is a stupid boss with lots of money.

Isn’t it the favorite type of professional managers like Robert Iger?

The salary can be doubled immediately, the benefits are good, and there will be dividend rights in the future.

The boss is very generous in terms of funds and budget.

Robert Iger hesitated for a week before finally deciding to resign.

After resigning, he immediately came to Abel's side and took over as CEO of MGM Films.

Alex Yemenidye was fired at the speed of light.

Robert Iger's appointment as MGM's new CEO has been uneventful.

After Robert Iger takes his seat as president of the company.

Abel started a new appointment.

Beyond the CEO.

CFO and CHO,

That is, the chief financial officer and chief human resources officer have also been replaced.

These two positions,

Abel directly promoted two outstanding employees from Smith Capital and airlifted them over.

Then the original general manager of Marvel Entertainment was appointed as one of the company's vice presidents.

The former general manager of Marvel Studios, a subsidiary of Marvel Entertainment, has been appointed deputy director of MGM Films and Television.

Several former Marvel executives have been fully integrated into MGM movies.

Marvel, which has two or three kittens, has officially become a subsidiary of MGM Films.

A series of new appointments, new personnel.

Naturally, some of the original MGM executives had to move.

Some were fired directly, some changed jobs, and some were demoted.

In conjunction with the previous attack on the middle and lower levels of the company by Alex Yemenije.

It can be said that all of a sudden, the entire MGM movie was completely new.

When all these personnel appointments were completed, Abel asked new CEO Robert Iger to speak again.

Robert Egger didn't hesitate, he was already prepared.

This one is in parallel time and space, after 2015.

An elite manager who has been ranked number one among the 100 most powerful people in Hollywood for many times, his words are refreshing to many MGM executives.

Robert Egger said:

".We need to invest most of our time and money into creating high-quality branded content."

".We need to embrace technology to the greatest extent, use technology to create higher-quality products, and then reach more consumers through more advanced and accurate ways."

".We must become a truly global enterprise."

"."

After Robert Egger finished speaking, Abel came out to give his closing remarks.

"I'm different from Robert Iger. I trusted him and gave him the company."

"And all I can do is support him and support MGM."

"Here I announce that I will inject another $500 million into MGM later!"

"Then, that's it. That's the end of the meeting. Please work hard."

By this time, in the conference room.

For the first time, there was heartfelt applause.

US$500 million in funding

None of the eight major parent companies in Hollywood has been so generous!

But Abel did.

US$500 million has been invested previously to invest in Cameron's new films and the development of new film shooting technologies.

Now another US$500 million has been injected, two injections, more than one billion US dollars.

Such a generous and wealthy boss.

Forget about the previous MGM.

In the entire Hollywood or the entire American entertainment industry, there is no second one.

What worker wouldn’t like such a “foolish” boss with too much money?

End of the meeting,

Robert Egger got to work without stopping.

He led the senior executives to another place for another small meeting.

That's the real deal for MGM today, and it will determine MGM's work for the next period of time.

For example, which movie or TV series to shoot, which company to cooperate with, etc.

As for Abel, he did not leave.

When everyone was gone, David Jones walked in.

"BOSS. A reporter from the New York Observer is waiting outside."

"Oh?" Abel was stunned, and then remembered this matter.

That is why he plans to let the New York Observer conduct an exclusive interview with him.

At the same time, this is also the first formal interview he has given to the media since his rebirth.

In fact, before this, several of the largest newspapers in the United States, including but not limited to the "Wall Street Journal", "New York Times", "Los Angeles Times", "USA Today", "Washington Post", etc., had initiated interviews with him. invite.

"Forbes", "Fortune", "Time" and other current affairs and financial weekly and monthly magazines also issued interview invitations to him.

Even fashion magazines like Vogue have similar invitations.

Basically, it can be said that due to the existence of Smith Storm.

For nearly half a month.

All famous and unknown newspapers, magazines, and TV stations in the United States.

They all invited him for interviews.

But these invitations were declined by him.

Just kidding, he has his own magazine and newspaper.

This is the first time,

Magazines and newspapers that are not left to themselves are used to enhance the visibility of these magazines and newspapers.

Do you want to be cheaper than other competitors?

"American Sun" picked up his popularity, plus the temptation of bonuses.

It became famous in a very short period of time and increased its daily sales to 800,000-900,000 copies in a single day.

Even among these sales, maybe half of the people bought it without watching it, just to join in the fun and get bonuses.

But this is successful enough. Have you not seen that there are already imitators on the market?

Someone imitated the newspaper bonus of "American Sun" and came up with something similar.

The bonus is as high as 10 million US dollars a month, ten times more than that of "The American Sun".

It's just that the other party is not as popular as Abel, and with the number of imitators, a lot of popularity has been taken away.

There isn't much movement at the moment.

Not like the American Sun, because Abel is the boss.

Everyone was very friendly to his character and wanted to see what would be different about his newspaper.

This is why the popularity is so high and the sales volume is so high.

The newspaper bonus can only be regarded as the icing on the cake.

Without his enthusiasm, we would just engage in this kind of marketing. If it were useful, smart capitalists would have used it long ago.

No need to wait for Abel to invent it.

You have to have the popularity of Abel first, and then carry out this kind of marketing, and then you can have the popularity of "American Sun".

"American Sun" is up

Of course, Abel couldn't favor one thing over another.

The New York Observer has been crying out for help for a long time, so the entire editorial department came to beg the boss.

It’s just that Abel didn’t think the time was right before, so he never agreed.

This time he felt the time was right and began to relent.

The most elite reporter team has been dispatched for a long time.

The "New York Observer", which had been waiting by the boss's side, naturally came running over.

"Then let's do the interview here." Abel said:

"There's no need to change to another place. When we take the cover photo later, we can also include the MGM logo on the back to add a little more heat."

David Jones nodded: "Okay, I'll let them in right now."