Chapter 632

Regarding Roger Ailes, Charles didn't really care too much. FNC (Fox News Channel) had already become one of the most successful news channels.

This guy had long made himself hated within FNC. As soon as something went wrong, he would definitely be attacked by everyone!

In the lounge area of the banquet hall, Ryan Kavanaugh and Charles sat together. "Relativity Media is also very optimistic about online streaming. This time, signing a film streaming agreement with Netflix is a win-win situation."

This year, Relativity Media signed a movie streaming agreement with Netflix under Capet Universal. The works produced by Relativity Media would go online on Netflix first instead of DVD and TV channels after they were out of theaters.

Well, this was the first movie company to sign such an agreement with Netflix, but only if the works were produced by Relativity Media!

For example, The Social Network was distributed by Sony Columbia. This year, Relativity Media planned to develop its own movies and signed a five-year exclusive distribution agreement with Netflix.

Strictly speaking, Charles didn't really care about this. DVD and pay TV revenues at the time were far greater than what streaming could offer.

"Ryan, now that Relativity has the ability to distribute its own movies, you should be leading your own projects soon, right?" Charles asked casually, leaning back on the sofa.

Ryan Kavanaugh smiled, "Of course, we aim to become a Hollywood studio. The entertainment industry is a really big pie! By the way, regarding the algorithm selection for film and TV projects, Charles, do you have any interest..."

Ryan Kavanaugh brought up using data algorithms to select scripts again, and Charles only wanted to find an opportunity to get away from this guy.

Charles didn't have the leisure to listen to Ryan Kavanaugh's nonsense!

Afterward, Charles found Bank of America Chairman Ken Lewis to chat about the bank's profits during the euro debt crisis.

"The profits are not high, as you know, Bank of America's market share in Europe and Asia cannot match JPMorgan Chase, Citigroup, or Goldman Sachs. After acquiring Merrill Lynch, we expanded a bit in the overseas market. Now, Merrill Lynch serves as Bank of America's wealth management department, which is still mainly focused on the American market."

Ken Lewis did not hide anything. As a large commercial bank, Bank of America had many differences from Wall Street's hedge funds.

Charles frowned, "I know the competition in the European market is fierce. The main problem is Bank of America's low investment in the Asian market. Don't even think about comparing with Citigroup, HSBC, Goldman Sachs, or JPMorgan Chase. We're not even comparable to Credit Suisse, Barclays, or Standard Chartered. I suggest setting up Bank of America offices in Hong Kong, Singapore, Tokyo, and Seoul to expand business there. And the Middle East. Haven't you seen Mitsubishi Bank, Nomura Securities, and Mizuho Financial Group conquering the Asian market?"

Ken Lewis laughed, "The Asian market is now the group's focal point. We want to invite your partner, Lily Ying, to be the president of the Asian region. What do you think?"

"Lily Ying?" Charles shot a glance at Ken Lewis and smirked, "Do you think John Paulson would want to replace you as the CEO of Bank of America?"

John Paulson, head of Paulson Hedge Fund!

"Do you know her annual income?" Charles laughed and shook his head, "If Citigroup or HSBC invited her to be the president of the Asian region, she might glance at the invitation. But for Bank of America or Wells Fargo, what's our standing in Asia? If you invited her, the invitation would go straight to the shredder before it even reached her! She's also good at hedge funds. Maybe we could invite her as a consultant in the future!"

"By the way, I heard you are considering providing financing guarantees for the Los Angeles to San Francisco high-speed rail project?" Charles asked.

Ken Lewis shook his head, "We're just cooperating with the government's inquiries. How could that railroad ever be built?"

Charles nodded in relief, "Otherwise, I would seriously reconsider my investment in Bank of America. If such a low-level mistake happened, it would anger me more than any failure!"

Ken Lewis' eyebrows shot up, "Maybe it's because the federal government previously sponsored $3 billion, giving some investors false confidence."

"This is a project that won't even have final design plans," Charles shook his head. "Private property is inviolable. It's the first article of the Constitution. How could you design a railroad with that much private land in the way?"

Ken Lewis nodded, "Have you thought about Capet Universal's IPO plans?"

Charles narrowed his eyes, "Next summer, I plan to bombard Hollywood and the whole United States with a box office bomb. Make Capet Universal go public on NASDAQ in grand style!"

"Great, Capet Universal will definitely become the leading stock in the media industry," Ken Lewis was absolutely confident.

"Once Capet Universal goes public, Hollywood's landscape will truly change!"

"Cheers, to bombarding Hollywood..."

"Cheers, to bombarding America, haha..."

*****

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