Chapter 121 The President of Columbia Reads the Script in Person(2/2)
"Yes, but they weren't bitten by the hyena either."
Frank Price was silent. Last year, the Las Vegas tycoon Kirk Kerkorian, who took control of MGM and then ruined it, set his sights on Columbia again. In the capital market
It aggressively increased its holdings in Colombia, holding nearly 25% of the shares.
Later, the Department of Justice launched an antitrust investigation into Kerkorian. He controls two major studios, MGM and Columbia, as well as some theater chains, which has touched an antitrust red line.
Kerkorian's connections are so deep that he actually won the antitrust lawsuit in his favor. He was not allowed to increase his stake in Columbia or any of the major Hollywood studios, but he was not forced to sell the shares he had already acquired.
25% shares.
During this time, Kerkorian was even preparing to sue Columbia Pictures for the strange reason of failing to do its job to create benefits for shareholders. This was a combined punch aimed at Price and other executives, with the intention of purging the original management.
, teamed up with other non-movie industry shareholders to gain controlling stake, and then slowly hollowed out Columbia and MGM.
After seeing what Kerkorian did with MGM, most of Columbia's shareholders were dissatisfied with the casino operator's troubles. However, it is also a reality that Colombia lacks profitable star productions.
Now Price needs this Jane Fonda movie more than anyone to win the support of all shareholders.
"So what are your full terms?"
"With a production budget of 3.85 million, Jane Fonda stars as the lead and gets a guaranteed contract of 2 million, with director James Bridges, producer Bruce Gilbert and IPC Films joining the cast."
"Let's talk about any other conditions."
"How about announcing a big investment to the outside world and I'll help you create a buzz in the media, starting with a young screenwriter selling a sky-high script?"
"Do you have a complete publicity plan?"
"Yes, let this news slowly ferment and appear repeatedly in the media. It is best for Ronald, a young screenwriter, to fire the first shot. The 20-year-old screenwriter wrote the Vietnam War script and attracted Oscar-winning actress Jane Fang
After reaching the attention of the media, five Hollywood studios finally bid for it, and it was settled in Colombia..."
Chapter completed!