Chapter 64: The Situation Hasn't Collapsed

In the reception room of the luxurious suite, Michael Davenport met with Hassan and his group of five.

"This script is very interesting," Hassan, clearly the leader, said. "It's much more intriguing than the story of 'The Purge.'"

Michael replied honestly, "But the costs will be higher to achieve the desired effect."

Hussein chimed in, "We believe in Mr. Davenport's capabilities."

"You've all seen the plan and the script. I want to emphasize a few points," Michael continued. "The director of this film is James Wong, the same director as 'The Purge.' As you probably understand, a good director is crucial for a film."

Aziz interjected, "Does that mean the chances of success are higher?"

Michael smiled, "Indeed. Additionally, this film will require a larger investment, a longer shooting schedule, and a longer period for the return on investment."

Hassan nodded slightly, "We understand."

"Good," Michael said, pointing to the plan. If you have any questions, feel free to ask."

Hassan glanced at his companions before saying, "The plan is very detailed. Let's move on to discussing the investment."

Michael agreed, "Of course."

Hassan stated, "The five of us will jointly invest $8 million in 'Final Destination.' The terms of return on investment will be the same as those in the contract for 'The Purge.' In case of legal disputes, Abu Dhabi will be the place of contract execution. The contract duration will not exceed three years, and once the project revenue is settled, you must immediately settle our investment returns."

He emphasized one point, "Like the film being screened tonight, our names and faces must be featured in the film's opening credits."

After a brief consideration, Michael said, "No problem." He smiled and added, "I also have some requests."

Hassan nodded, "Go ahead."

Knowing little about Hollywood operations, their requests were reasonable. Michael said, "Your party must not interfere with the film's production, distribution, or various operations. I need professionals to handle professional matters."

Hassan laughed, "I can guarantee that. We trust your professionalism, Mr. Davenport."

Having reached an agreement on the main terms, the investment cooperation was essentially secured. The remaining details would be handled by Robert.

Two days later, the parties signed the agreement smoothly, and Michael secured the first investment of his second trip to Abu Dhabi.

During this period, he took the time to thoroughly read the script for "Arabian Life."

The script focused on ordinary people in the UAE. Although it showcased Abu Dhabi's wealth, the theme leaned towards exposing the darker sides of society. It was a realistic script, and Michael recognized it as a highly artistic film.

Soon after, the financing meeting was held as scheduled. Hassan and his team attended and were happy to accept the invitation to the financing meeting for "Final Destination."

With "The Purge" screening in Abu Dhabi and investors receiving returns, coupled with the Abu Dhabi Investment Bureau's recommendation and the support of the notable guide Salih, the financing meeting went much smoother than the first.

The first financing meeting took three days, and only $3 million was raised from sources other than the Abu Dhabi Investment Bureau. With a successful foundation, raising funds became easier this time. An intent to invest $12 million was reached, and deals were signed for $7 million.

This brought the total funding for "Final Destination" to $15 million. Although it fell short of the ideal $20 million, Salih brought news that the Abu Dhabi Investment Bureau had approved an investment for "The Secret Agent," possibly amounting to $25 million.

"The Secret Agent" was a crucial project for continued support from the Abu Dhabi Investment Bureau. Michael could not abandon this project with limited appeal, not just because "Final Destination" was $5 million short, but also because it concerned funds for acquiring a distribution company.

Even in the late 1990s, when the dollar was relatively strong, a distribution company with a decent network couldn't be bought for less than several million dollars.

After signing agreements with investors after the financing meeting, the Investment Bureau's funds had not yet been approved. Michael accepted Mansour's invitation to a small meeting, bringing his suggestions for the "Arabian Life" script.

As he walked through the corridor, Michael told Robert about the information he had gathered from Salih. "News of our financing is spreading. We're not the only ones eyeing Abu Dhabi anymore."

Robert looked concerned. "More people coming means more complications."

Michael nodded lightly, "After this, we should pause our activities in Abu Dhabi. We can't wait for a major problem to arise."

Maybe the first time wouldn't cause issues, nor the second or third, but continued success wasn't guaranteed. Abu Dhabi would eventually understand Hollywood better.

Robert, who often joked about focusing on financing rather than film production, said, "Now it's just a Frenchman. If he succeeds in financing, the British, Italians, and Germans might follow."

Michael agreed, "It's time to find a new target."

Seashore Entertainment needed significant funds at this stage. With limited working capital, they had to find ways to leverage other resources.

Using company money to make high-risk film investments during the startup phase was not wise. Once the company was financially stable and had a substantial risk tolerance, self-funding could become an option among many.

Robert reminded, "We don't need to come here in person to settle the funds for these two projects. International settlement isn't that complicated."

Clearly, he was worried about potential issues that might prevent their return.

"Don't worry," Michael patted his arm. "The situation hasn't collapsed yet."

Robert chuckled, "Indeed, it's far from collapsing."

As they approached the meeting room door, a middle-aged man in a suit suddenly walked over from the opposite side.

Michael glanced at him, recognizing him as a mixed-race individual with some Arab features.

"Are you Michael Davenport of Seashore Entertainment?" The man spoke in a strange accent.

Michael detected a French accent and said, "I am. May I ask…"

Before he could finish, the French-accented English interrupted again, "Didn't you already raise $15 million? Why haven't you left? Don't be too greedy!"

Michael was initially puzzled, then realized who this man was.

Hearing the commotion outside, someone inside opened the meeting room door. A thin man stepped out and smiled, "Mr. Davenport, Mr. Fontaine, you've both arrived. Please come in."