Chapter 163: On the verge of bankruptcy without making a movie(2/2)
By the way, when the time comes, the MGM name will be taken back so that its hotels can no longer use the MGM trademark, so as not to taint such a good film company.
However, the stall was too big, and after the stock market crash, it became a big hole. All six film projects suffered the withdrawal of investors. Weintraub had to make up the investment himself.
Those scripts were repeatedly revised by people in order to become a hit. As a result, there was a writers' strike again, and the previous investment was all stagnant. Up to now, none of the scripts have been finalized, let alone a star to join them and a schedule has been confirmed.
Just when Weintraub took advantage of the writers' strike to end, he finally finished the scripts for two movies and started preparing to start work...
Bang...another unexpected tragedy happened.
Because of the contraction, Wall Street began to make plans for the 460 million loan. Wall Street's lawyers were very high-level, and they discovered loopholes in some of Weintraub's financial operations and captured him for another year.
Not a single film project has been approved in recent times, and loans have been suspended.
When the economy was bad, the most terrible thing, loan withdrawal, happened to Weintraub.
Therefore, Weintraub, who couldn't figure out why he was unlucky for a while, felt depressed due to the huge contrast. He didn't want to see anyone, especially his friends from when he was successful, and hid at home to get unlucky.
"Oh, God, are you really going to file for bankruptcy?" Ronald didn't expect such a thing.
Since Weintraub Films was founded, it hasn't produced a single movie yet. Why is it going bankrupt?
It is not difficult to understand if a movie you make fails at the box office and goes bankrupt. The film industry has always been a high-risk industry, and there are many such things.
But Weintraub failed without making a movie. Ronald didn't know if this was the first of its kind in Hollywood.
Perhaps it was because the two films Ronald made for him both earned more than 100 million at the box office. Weintraub had the illusion that he had a discerning eye and that movies were a high-return investment for him.
strategy. But it ignores that high returns are always accompanied by high risks.
Or, Weintraub never thought that the risk could happen to him.
"Okay, do you want to film the third part of The Dragon King?" Ronald proposed.
Anyway, with the reputation of the first two films of Dragon King, it is not difficult to raise funds. However, I have to make some financial and legal preparations, and I cannot let Weintraub Pictures become the producer, so as not to be a drag. Just rely on the sequel of this movie.
Chapter completed!