Chapter 670 Real Estate and Finance
In an office building not too far from the Relativity Building, the newly decorated Pacific Investment Foundation has welcomed a group of new investors.
In the conference room, according to the contract that had been negotiated before, Scott Swift officially signed a contract with several middle-aged Jews.
After signing, Ronan shook hands with guests from Israel one by one.
“Happy cooperation!”
“Happy cooperation!”
Both parties smiled very readily and were very satisfied with this investment cooperation.
After signing the agreement, these individual investors did not stay at the Pacific Investment Foundation for too long and quickly left with their lawyers.
Ronan was in a good mood and chatted with lawyer Dinah and Scott.
The six Jewish individual investors from Israel invested a total of $96 million in the Pacific Investment Foundation.
"Although investors are all small wealthy people, we have opened the breakthrough for Israel." Scott felt very accomplished: "This means that we may continue to get investment from the Israelis in the future."
"It's done well." Ronan also praised at the right time.
Scott made great contributions to being able to come to Israel to invest. In order to open up the Israeli market, Scott made more than two years of efforts and traveled to Israel more than twenty times.
Scott said: "This is also the first time we have accepted large-scale investments from individual investors. We can take the opportunity to absorb more personal funds in the international market."
Ronan nodded: "Yes. But one thing to note is that the Pacific Investment Foundation must maintain a good reputation."
Scott said seriously: "This is the foundation of the Pacific Investment Foundation."
Compared with those well-known foundations, the Pacific Investment Foundation is very small in scale, and the funds operated at the same time have never exceeded US$1 billion. However, the Pacific Investment Foundation has a very good reputation and has never owed investors' funds and returns.
This is also one of the reasons why the Pacific Investment Foundation can continue to absorb investment.
Another major reason is naturally that the Pacific Investment Foundation’s return is not very high, but it has stable returns.
Since the law stipulates that investment funds cannot be advertised, word of mouth becomes very important, especially for small and medium-sized foundations.
Leaving the Pacific Investment Foundation, Ronan came to the Beverly Hills Business Club, where he met Richard Ford, the senior president of Lehman Brothers.
"I talked to Bob some time ago." Richard Ford went straight to the topic: "Mr. Anderson, I don't know your investment proposal for Lehman Brothers..."
Ronan smiled and said, "I am honored that Lehman Brothers can be interested in Relativity Entertainment. If Relativity Entertainment encounters financial difficulties, we will ask Lehman Brothers for help."
Richard Ford said: "Lehman Brothers invested more than just funds, but also a broader business platform."
This is a natural advantage that large investment institutions have.
Ronan continued to decline: "I won't be polite if there is a need in the future."
It is not easy to get investment opportunities for such an entertainment group company that has made great profits, developed rapidly, has a relatively complete industrial structure, and has a temporary shortage of funds. Richard Ford is very clear about this.
Wallkin relies on large amounts of money to rage all over the world, and the benefits used are touching.
Richard Ford decided to give Ronan a good opportunity: "Mr. Anderson, Lehman Brothers is launching an investment plan that is promising."
Luo Nan, who was the one who instantly realized that he wanted to exchange interests, but he didn't speak up.
Richard Ford believes that the plan launched by Lehman Brothers is very touching, and it is true. Many investors and investment companies are investing in Lehman Brothers' plan. He introduced the situation he told Jim Prous in detail to Ronan.
“For other investors, there is only about six percent return on investment.” Richard Ford was very generous: “But Lehman Brothers are willing to promise Mr. Anderson a seven percent return on investment.”
When Ronan heard about the real estate market, loan plans and insurance companies, he secretly became alert. Although he didn't know much about the economic crisis, he also knew that the real estate and insurance industries were in trouble.
Lehman Brothers is not going to cheat him?
However, Ronan then rejected the idea because Lehman Brothers themselves probably don't know how great the risks will be in the future.
Richard Ford said: "This high return on investment is also extremely rare on Wall Street."
Ronan's head was quickly turned around and confirmed that this was the exchange of interests. He asked Lehman Brothers to invest in Relativity Entertainment, and then Lehman Brothers gave him a high return on investment.
It seems beautiful, but what about it?
As expected, none of these big companies on Wall Street can exchange for the shares of Relativity Entertainment in his hands now.
This deal is so smart and cost-effective.
Ronan said politely: "Mr. Ford, I am very grateful for your kindness with Brother Lehman, but I personally do not have funds and such a huge investment plan, I will not participate."
Richard Ford frowned slightly and asked, "Will you be short of money? As far as I know, your salary and dividends in Relativity Entertainment..."
"I have another investment," Ronan said roughly: "I personally invest in some high-tech industries."
Not to mention the huge risks of cooperating with Lehman Brothers, even if you really want to invest, aren’t the safer Apple and Amazon better choices?
In real estate, Ronan is not familiar with the business that he is not familiar with, especially if he is not familiar with, it is best not to touch, especially if he involves huge amounts of funds.
Similar chicken soup was once popular, saying that people must escape from their familiar and comfortable circles, otherwise they will become decadent, not know how to make progress, and eventually be abandoned by society and the times.
Some people who are brainwashed by chicken soup can't wait to jump out of the industry they are familiar with and develop new careers.
Then, he fell to pieces in a brand new field.
Some people may have succeeded, but for Ronan, there is no need to take such a big risk.
Richard Ford was somewhat impatient after being rejected again and again, but he said patiently: "Mr. Anderson, a large company on Wall Street, can bring more energy than ordinary people can imagine."
This statement seems to be considering the entertainment of relativity and vaguely showing muscles.
Ronan could hear that Wall Street's capital could never be ignored, so he said: "I admit this, so Relativity Entertainment is working with Goldman Sachs."
"Goldman Sachs?" Richard Ford was very surprised.
Ronan said again: "I can't say much about the specific commercial secrets."
Mark Randolph and Robert Iger have agreed with Goldman Sachs, who will be responsible for the operation of Netflix's listing.
Therefore, Ronan said that Relativity Entertainment is working with Goldman Sachs and there is nothing false about it.
Goldman Sachs is very optimistic about Netflix's prospects, so at this stage, the interests of Relativity Entertainment and Goldman Sachs are consistent.
In the end, the talks came to no results, and Ronan and Richard Ford ended their first meeting in a friendly and polite manner.
For Ronan, the Lehman Brothers are just a sinkhole and can't be filled in any way.
In the eyes of Lehman Brothers and Richard Ford, Relativity Entertainment is only a high-quality target that can be invested in, not that you must be.
The world is too big, and business trade is becoming more and more extensive. There are many companies and fields to invest in.
The entertainment industry is just one of the most up-to-date choices.
Relatively speaking, Lehman Brothers is more interested in the real estate, finance and insurance industries.
For America, real estate and finance can only prosper.
Wall Street can be said to have fun with finance. The various complex financial investments are simply dazzling. Not to mention that Ronan is not proficient in this industry, even if he is familiar with it, he will not rashly participate.
In the film and television industry, and even the Internet industry, Ronan has unique advantages, but entering the financial industry will only become a fish on others' chopping boards.
On the third day after Ronan met with Richard Ford, Marvel Entertainment filed a lawsuit against Twentieth Century Fox in the Los Angeles District Court, suing the copyright disputes related to "X-Men" and "Fantasy Four" to the law.
It is very difficult to win this lawsuit, but like the new Fantastic Four comics, Marvel Entertainment is also demonstrating its tough attitude in this way.
At the same time, Marvel Entertainment also applied to the court that because of copyright disputes, any film and television adaptations about "X-Men" and "Fantasy Four" will not be listed.
Of course, the court will not make a ruling immediately, and there is a need to be fought in this copyright dispute lawsuit.
At the same time, Arthur Macomb, who represents the copyright department of Marvel Entertainment, also came to Sony Columbia Pictures and wanted to negotiate with Sony on the copyright and revenue sharing related to "Spider-Man".
Compared with 20th Century Fox, Relativity Entertainment has had a better relationship with Sony Columbia Pictures in the past, and Sony's handling method is also relatively gentle.
Sony Columbia Pictures sent a three-person team to talk to Arthur Macomb, but the effect of the talk was not very ideal.
According to Arthur Macomb, Sony Columbia Pictures’ purpose is not to talk about it, but to drag it out.
Drag first, then talk about other things.
It will not be easy to recover the copyright income sold, even if it is only a small part of it.
Ronan had long expected that Marvel Entertainment would be prepared for a long battle.
No matter what, it is better to be able to talk about it than to not talk about anything and to directly refuse.
Marvel Entertainment’s appeal to the law for copyright entanglement between "X-Men" and "Fantasy Four" is equivalent to revealing the contradiction with 20th Century Fox.
Twentieth Century Fox was extremely annoyed, especially thinking that Marvel had been humble and almost begging to sell her son, but now she wanted to push Fox to share the cake.
Chapter completed!