Chapter 136

In addition to MGM Movies in the US, there is also MGM Phantom Group. This MGM Phantom Corporation was the parent company of MGM Films more than 20 years ago. After Kerkorian sold MGM movies for the first time. The relationship between MGM Mirage Corporation and MGM Films was divided. MGM Films has since become independent and MGM Mirage Group is another company. MGM Mirage Corporation's primary businesses are hotels, real estate and gaming, with its primary business concentrated in Las Vegas, Nevada. This is the core business of Kerkorian and the unsung king of Las Vegas. What Abel bought from Kerkorian this time was just an MGM movie. If replaced by MGM Mirage Group, this group would become a giant that includes more than 200 of the 500 largest companies in America. Don't even think about it without more than 10 billion US dollars. MGM Mirage in Las Vegas. MGM's films, like the other Hollywood Big Eight films, all take place in Los Angeles. October 31. Los Angeles, MGM headquarters. This headquarters building is currently MGM's most valuable asset. It has 22 floors and was built in the 1980s. The current value of the land involved is approximately 220 million USD. However, the building has long been mortgaged and used in exchange for loans to keep the business running. The entire MGM Company, except for items such as employees, cannot be used as collateral. Essentially, anything of value, including movie libraries and copyrights, is mortgaged. This is why its debt ratio is so high. After all, if you want to borrow money, you always need collateral. So take them as guarantees. On the top floor of the headquarters, in the company's largest meeting room. All of MGM's executives are here today. They received the notice yesterday. Abe Smith, who has been missing since he took over MGM Films nearly a month ago. Today I will be here for the first time, chairing today's meeting. Regarding Abel's appearance, the entire management panicked. The United States does not say that new officials take office three times, but the country has a similar habit. With a new boss, the company will never be the same. And among managers, there is panic. The most peaceful, Rather, it's MGM's current CEO, Alex Yemenije. Alex Yemenije took over MGM last year and has been on the job for less than a year. If he seemed calm it was because Alex Yemenije knew the others probably wouldn't leave. But he himself will definitely be fired. Because Alex Yemenije is from the Kerkorian, or soul mate type. The company has changed bosses, and he, a confidant of the old boss, cannot keep the same position. Abel and Kerkorian have a separate agreement and they have arranged for Alex Yemenije. Alex Yemenije, this is the reason why you can continue to hold the position of CEO after nearly a month. That's because Abel needs this guy. This month, maintain and integrate MGM. Abel, through Kerkorian, kept Alex Yemenije in power for another month. Alex Yemenije will become Abel's knife this month. It's been almost a month. Alex Yemenije cut many projects that Abel didn't like and eliminated some overworked departments in the company. MGM, which had 1,440 employees, was streamlined in the early 1000s. The knife had served its purpose and Alex Yemenije knew it was time to throw it away. Luckily, his old boss, Kerkorian, reassigned him to MGM Mirage. Alex Yemenije no longer has to worry about the future, this month's villain is very interesting. Of course. The cost of laying off departments and employees for companies in the US is very high. Alex Yemenije fired an employee who was so cool he could shoot ink. He's also the new boss. This is the reason why the new boss is very rich and does not hesitate to spend money to get fired. Today Alex Yemenije, at this high-level meeting where Abel will also appear. The only thing he wants to know is who will succeed him as the new CEO of MGM Movies. At nine o'clock in the morning, the conference room door opened. The original MGM film executives arrived half an hour early. They saw a tall, handsome young man and walked in first. Abel Smith! Everyone immediately recognized the identity of the person in front of them. After all, since this month, the number of times he left the country in the American media is too high. Behind Abel, Wu pressure followed six or seven people. are all senior executives of MGM studios, strange faces that they do not know. In the stuffy atmosphere, Abel did his part, went to the main chair in the meeting room and sat down directly. People who go with you. Standing silently behind him, all wearing black vests, made these former high-ranking officers feel oppressed. "Hello everyone." After taking their seats, everyone saw Abel smile and say: "I didn't introduce myself. Everyone should know me. People who don't know me don't need to stay at the company." After the opening speech was somewhat dark. Abel looked straight at Alex Yemenije, who remained silent on the left. "First of all, I would like to thank Mr. Alex Yemenije for his contributions to MGM over the past year." "But now I believe that Mr. Yemenije is no longer strong enough to continue directing our MGM films." Alex Yemenije had long been preparing to hear Abel call his name. He stood up calmly and easily: "Yes. Due to personal issues and personal capacity issues, I will no longer continue to serve as CEO of MGM Films." "GOOD." Abel nodded with satisfaction: "Mr. Yemen, you can go out to collect items now. Thank you for your contributions to MGM." Alex Yemenije calmly nodded, turned around, left, and walked out of the meeting room. Like a private agreement between Abel and Kerkorian. Alex Yemenije, the knife borrowed by Abel. Playing his final knife, severely blocking the remaining senior executives from MGM's original film. Let these higher-ups realize that the new boss is playing for real today. The CEO was fired as soon as he arrived, and he didn't even have time to protest. Alex Yemenije is like this, let alone them? The uncomfortable atmosphere in the meeting room became even more tense. Then, they heard their new boss's voice again, forcing them to focus on a man around fifty years old. That man, It was one of the outfits that came with Abel. This person looks gentle and elegant, but when he smiles, he even looks a bit like Mickey Mouse. "Let me introduce, this is Mr. Robert Iger. He was formerly the president of Disney Animation, but later became the CEO of MGM." Abel's voice was calm and unhurried, he introduced the elegant and gentle Robert Iger. "Now we have Mr. Iger, please introduce yourself." President of Disney Animation, now our CEO? MGM executives were shocked. But Alex Yemenije has just been fired and the boss is sitting on it again. Robert Iger's entry did not encounter any resistance. This Mickey Mouse lookalike has been the CEO of Disney for fifteen years in parallel time and space, and he's single-handedly making Disney's Hollywood elite smile. Led by Abel, he stood in front of the chair where Alex Yémenije had just sat. "Hello everyone, my name is Robert Iger. Many of you may not know me, but you probably know me now." "Make no mistake, I was the president of Disney Animation. But I was very touched by Mr. Abel Smith's sincerity and he invited me to work at MGM. » "I'm very happy. I hope to cooperate with you next time to make MGM even more brilliant." Robert Iger's voice sounds exactly like he looks. Soft and elegant, it does not look aggressive. Abel beside him nodded and praised David Jones for being able to recruit such talented people. Due to the surprise acquisition of MGM this time. Now that MGM is in his hands, Abel has still not found a suitable candidate to take over MGM from his own talented team. He thought about it and realized that his team were the best people for the job. There are only two Michaels, Ovitz and Levine But these two Michaels, one of them is now the CAA president, and he's only been in office for two months. It's unclear whether this can be done well or not, after all Ovitz has acted as an intermediary before. The other is the president of Isha and ab Smith Entertainment, Michael Levine. Isa and AB Smith are entertaining, which is important to Abe. Abel couldn't find a manager who could replace Michael Levine, someone he could trust and who was capable. In addition, Michael Levine may not be able to be president of MGM, he was also a middleman in the past. Besides these two people, Abel had no other talents suitable to run a film company. When you are helpless, David Jones suggested that he could find someone through a headhunter. This is the best solution when there is no one around. Abel agreed. David then prepared five candidates for Abel through a headhunting company. Among the five candidates, Abel chose Robert Iger in a flash. This Disney animation studio president just took office not long ago. I especially remember In parallel time and space, the person who later replaced Disney's current chairman, Michael Eisner, and became the new chairman of Disney was named Robert Iger. Add to that the experience of Robert Iger. Abel confirmed that it was Robert Iger. Bringing Disney's parallel time and space to the fore in Hollywood. He immediately asked David Jones to contact the other party, and then asked the head hunter to take action. At first, Robert Iger didn't want to leave because he had worked at Disney for several years. Being a senior manager is difficult, and there are still many shareholders on Disney's side who appreciate it. However, Abel has money. Abel offered an annual salary that was double his current salary as president of Disney Animation. There are better perks than him at Disney. There were also stock dividends that he was not able to receive during his short time at Disney. MGM can make it available here. And Abel also promised: MGM is the least funded company and that will not happen in the future. Before that, Abel waved his hand. wins James Cameron's latest masterpiece. A budget of US$500 million will be introduced. Whether it's Hollywood or the American entertainment industry, there has never been a more generous boss. Although Abel's behavior was ridiculed by these entertainment giants as "stupid and rich". But this type of person is a boss with a lot of money. Isn't that Robert Iger's preferred type of professional manager? Salary can double immediately, good benefits and always have the right to receive dividends in the future. The boss is very generous with money and budget. Robert Iger hesitated for a week and finally decided to resign. After resigning, he immediately joined Abel and assumed the position of director of MGM Films. Alex Yemenije has been fired by Lightspeed. The appointment of Robert Iger as MGM's new CEO went smoothly. In the meantime, Robert Iger takes over as president of the company. Abel makes a new appointment. Besides the CEO. CFO and CHO, In other words, the chief financial officer and human resources director were also replaced. These two positions, Abel directly promoted two excellent employees of Smith Capital by plane. The original general manager of Marvel Entertainment was later appointed as one of the company's vice presidents. The former general manager of Marvel Pictures, a subsidiary of Marvel Entertainment, has been appointed vice president of MGM's film and television division. Several former Marvel executives have been fully integrated into MGM films. Marvel with its two or three kitties has officially become a subsidiary of MGM Films. A series of new appointments, new personnel. MGM's first managers naturally had to change positions. Some were fired directly, others changed jobs, and still others were demoted. Cooperate with Alex Yemenije, who holds the knife at the mid and low levels of the company. It's safe to say that for a while, all of MGM's films were completely new. And after all these appointments were completed, Abel asked new CEO Robert Iger to speak again. Robert Iger is not far away, he has been preparing for a long time. This is a parallel space and time, after 2015. The elite manager, who has repeatedly been ranked among the 100 most powerful people in Hollywood, opened his mouth to reassure many MGM executives. Robert Iger says: ".We need to invest the majority of our time and money into creating high-quality, branded content." ".We need to make the most of technology, use it to create higher quality products, and then reach more consumers with more advanced and precise methods." "We need to become a truly global company. » "." After Robert Iger finished speaking, Abel came out to give his final speech. "I'm different from Robert Iger. I trust him and keep him company. "And what I can do is support him and MGM." "I want to announce here that I will later inject another 500 million USD into MGM!" "Okay. The meeting is over, let's work hard." This time in the conference room. For the first time there was sincere applause. 500 million USD in funding No parent company of Hollywood's Big Eight has ever been so generous! But Abel did it. Five hundred million US dollars were invested in Cameron's new film and the development of new filming technologies. Today, another $500 million has been injected, or two injections, or more than a billion dollars. What a generous, rich, wealthy boss. Don't mention MGM first. There is no second place in Hollywood or the entire American entertainment industry. The boss is both "stupid and rich", which worker doesn't like that? At the end of the meeting, Robert Iger started working non-stop. He led senior management to another location for another small meeting. This is the main direction of MGM today and it will determine MGM's operations in the coming years. For example, what movies to film, what dramas to shoot, what companies to cooperate with, etc. As for Abel, he hasn't left yet. After everyone left, David Jones entered. "OWNER. The New York Observer reporter is waiting outside." "OH?" Abel was stunned for a moment then remembered this incident. In other words, he intended to let the weekly New York Observer conduct an exclusive interview with himself. At the same time, this is also his first official interview with the media since re-establishing his leadership role. In fact, before that, some of the biggest newspapers in the United States, including "Wall Street Journal", "New York Times", "Los Angeles Times", "USA Today", "Washington Post", etc. . ., announced an interview invitation with him. "Forbes", "Fortune", "Times" and other news, financial, weekly and monthly magazines also invited him for interviews. Even fashion magazines like "Vogue" make similar offers. Basically, it can be said that this is due to the existence of Smith Storm. Almost half a month. All famous and unknown newspapers, magazines and TV channels in the United States. sent him an interview invitation. But these invitations were all rejected by him. Just kidding, he has his own magazine and newspaper. This first time, Maintain your own magazines and newspapers to increase their popularity. Is it cheaper than other competitors? "American Sun" received a wave of enthusiasm, accompanied by the temptation of prize money. He became famous in a very short time, increasing his daily sales to 800,000 to 900,000 copies per day. Even among those sales, perhaps half of the people bought without looking, just for fun and to get a bonus. But it was quite successful. You haven't seen any fake products appear on the market, right? Someone copied the award from the American Sun newspaper and found the same thing. The bonus amount can be up to 10 million USD per month, 10 times more than "American Sun". It's just that the other party doesn't have Abel's reputation, and there are many imitators, so a lot of reputation has been taken away. There's not much movement at the moment. Unlike American Sun because Abel is the boss. Everyone was very supportive of their character design and wanted to see what made their diary different. This is why popularity and sales are so high. The newspaper reward can only be considered the icing on the cake. Without his enthusiasm, keep doing this type of marketing. If it were useful, smart capitalists would have used it long ago. Don't wait for Abel to invent it. First to achieve Abel's popularity, and then to achieve this type of marketing, there will be "American Sun" popularity. The American sun has risen Of course, Abel cannot favor one person over another. The "New York Observer" waited so long for food that the entire editorial board had to kneel and beg the boss. It's just that Abel felt the time was not right so he never agreed. This time he felt the time had come and he let go. sent the most elite team of journalists. The "New York Observer" was waiting next to the boss and naturally rushed forward. "Then let's do the interview here." Abel said: "There's no need to change locations. I'll take a photo of the back cover and maybe the MGM logo on the back to add some eye-catching appeal." David Jones nodded: "Okay, I'll let them in." (end of this chapter)