Shenhao started as a military training anchor
Chapter 1073 What you lose is not money, but your brother Huo’s face
The entertainment industry in the United States is quite large.
There are many political topics.
Even movies and talk shows that indirectly satirize politicians appear frequently.
However, the government did not strictly control the situation, adhering to their principle of freedom of speech.
So even though American politicians knew that the movie "Eastern Financial Legend" was about Holly's story, they did not ban it from being released.
What’s more, the distribution company is AMC, the largest cinema chain in North America.
Before it was released, politicians did not take this movie seriously. Based on past experience, Chinese films have performed poorly in both the North American and international markets.
It is estimated that "Legend of Oriental Finance" will only gross a few million US dollars.
What they didn't expect was that the film achieved the third place in the weekly box office within a week of its release, and grossed 6300 million US dollars in North America.
Moreover, AMC's screening rate is still increasing, and even additional screenings have been added.
If it was just about box office revenue, politicians wouldn't get involved.
But there are many clips in this movie that expose and satirize the hypocrisy of American politicians.
It has caused a huge response among college students and young people.
Some college students in Kansas even took to the streets after watching this movie.
That's making state and federal officials nervous.
The "awakening" of college students in the past two years has already cost them a lot of effort. If this movie continues to be shown, it is very likely that the situation in the past two years will occur again.
The federal cultural department directly issued an order to the state, and the state government where AMC's headquarters is located also sent a notice to AMC theaters, requiring that the movie "Legend of Oriental Finance" be removed from all more than 5,000 large screens in North America within one day.
Under political pressure, AMC Theaters' major shareholders held a board meeting and voted to stop the screening of "The Legend of Eastern Finance".
This move caused quite a stir on the Internet.
Tiktok user: "They have once again covered up their hypocritical faces."
"I'm glad I watched this movie. Even though it's been removed from the shelves now, it can't stop its influence."
"Your decision cannot affect what a great entrepreneur Holly is."
"Sadly, we don't have Holly in this country."
Facebook user: "Damn, I haven't had time to see it yet."
"Cultural invasion, what a ridiculous excuse."
"It's normal for a country with a history of more than 200 years to be afraid of an ancient country with a civilization of 5,000 years. Hahahaha."
"Holly has made them mad again."
"I suddenly really hope that Holly can actually beat them."
"..."
Holly learned about the movie being removed from the shelves from Sun Guolan, president of Qihang Media.
When he heard the reason for the removal, he smiled.
What about your so-called freedom of speech?
What? Are you afraid of even filming Brother Huo’s movie now?
Brother Huo is still looking for an opportunity to sponsor a Chinese person in the United States to run for governor and president in the future. Are you afraid now?
It feels funny, but also very satisfying.
Although he can no longer reap the box office profits in the North American market, no amount of money can buy Brother Huo's happiness.
It's worth it even if it's taken off the shelves.
The important thing right now is that AMC as a cinema chain cannot be retained. Now it has to operate according to the wishes of politicians. Why keep his shares?
Hawley decided to hold a board meeting and sell off his stake in AMC Theaters.
In the afternoon, Holly convened a board meeting as the major shareholder of Wanda Film Group. The other two major shareholders, Wang Jianlin and Sun Zhonghuai, vice president in charge of Tencent's big entertainment, both attended the board meeting.
Several other small shareholders also attended the video conference on time.
Hawley presided over the meeting and said: "I am very sorry to tell you that we have once again been oppressed in North American theaters.
The movie "Legend of Oriental Finance" was forced to be removed from the shelves and stopped from being screened.
In view of the other party's disrespect for us and violation of the spirit of the relevant contract, I proposed to transfer the remaining 26% of AMC Theater Group at today's board meeting."
Two years before Wanda's Wang became the richest man in China, he initiated two cross-border mergers and acquisitions that shocked the whole country.
One was the acquisition of Legendary Pictures, a project that was later abandoned by Lao Wang to stop losses in time. The other was the full acquisition of AMC Group, the second largest cinema chain in the United States.
Ten years ago, it spent US$26 billion, equivalent to RMB 182 billion, to acquire % of AMC Group's shares.
It also provided US$5 million in operating funds to support the development of AMC Cinema Group.
AMC Group made rapid progress in the next few years. It first acquired Canadian cinema chains and then started the acquisition mode in Europe, acquiring many European cinema chains and becoming the world's first cinema chain with 10,000 IMAX screens.
It has become the number one cinema chain in the United States.
However, in 2020, due to the impact of masks, AMC Group suffered huge losses and fell into a debt crisis.
Lao Wang transferred his shares twice. After the second transfer, he held only 26% of the shares and lost control of the AMC Group.
But he is still one of the major shareholders.
However, Wanda no longer has the final say.
In addition to Lao Wang’s debt problems in the past two years, he spent very little energy on overseas assets and just needed to receive dividends on time.
Holly's Qihang Media and Tencent's Ruyi Company each bought about 10% of the shares when Wang Xueyan transferred his shares in Wanda Films.
Qihang Media also bought Wanda Film shares on the stock market for long-term holding.
Its stake in Wanda Film now stands at 13.6%.
Indirect holding of AMC Theater Group.
Because of this shareholder relationship, films produced by Qihang Media can be released smoothly in North America and Europe.
After "Legend of Eastern Finance" was forcibly removed from the shelves, Holly has already felt the urgency of his opponents, and it is estimated that AMC Group will not be able to escape the control of its opponents.
Now is the best time to go.
When Holly proposed to completely abandon AMC Theaters, the vice president of Tencent reacted most strongly.
Lao Wang expressed his support.
He has also always wanted to find an opportunity to get rid of the burden of overseas assets and build up Wanda Commercial Management.
It is worthy of the 60 billion investment from the Middle Eastern consortiums.
But President Sun expressed a different opinion, "President Huo, please allow me to express a different point of view.
The current US dollar interest rate hike has a very negative impact on the stock market.
If we transfer the shares of AMC Group now, our profits will be very pessimistic and we may even suffer losses.
I think I can wait until the US dollar interest rate is reduced before selling.
At that time, the US stock market may see a bull market, and we can cash out at a high level and earn more profits. "
Hearing President Sun's point of view, Holly smiled faintly.
He does not deny that the US dollar interest rate hike has a strong negative impact on the stock market. Money in the stock market will flow into bonds or banks, leading to a decrease in stock trading volume, a drop in stock prices, and many other unfavorable factors.
But President Sun's vision is too narrow, and he only focuses on stock returns.
Behind the US dollar interest rate hike is the Federal Reserve’s grand conspiracy, whose purpose is to reap the world.
Especially our country's high-quality assets.
It’s a very simple logic: when the US dollar raises interest rates, money will flow to the other side.
In the short term, the returns are indeed high, but when you throw all your principal in, the other side suddenly cuts interest rates, swallowing you up in one gulp.
Who is the real controller behind the Federal Reserve?
Seven major families.
A life-and-death rival of Holly.
Can it also allow you to cash out at a high price during the bull market?
It's too naive to think.
If you don't run now, you won't be able to run away when the time comes.
On the surface, it seems to be a billion-dollar deal, but what is involved is Brother Huo's face.
I don’t know how the international community will discredit you, Brother Huo, by then.
Holly did not allow this to happen, and suddenly asked seriously: "Mr. Sun, do you have anything else to say?" (End of this chapter)
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