China Entertainment started from Nortel 2002

Chapter 1025 Source of Acquisition Funds
"We need to prepare in advance."

Li Mu thought silently for a moment, then without hesitation, he called David directly.

"Boss? Any new plans?"

David was quite excited. Although the market reported some situations overseas, Crystal Pictures still relied on those few IPs and horror films for its survival, and there was not much business at the moment.

"Given the current environment, what do you think you can film to make money?"

Li Mu asked with a smile.

"Forehead"

When David heard this, he thought about it for a moment and his heart sank.

Because the situation in Hollywood is not optimistic now, it can be said that the film and television industry in the past two years is even more tragic than in 08.

For example, the Hollywood Dome, once the highest-grossing theater in the United States, closed permanently, and the dreams of a generation of Americans were dissipated with it.

Of course, the downturn is naturally accompanied by stock prices. Today, the stock price performance of major Hollywood media companies is extremely bad.

In the first quarter alone, U.S. media and entertainment giants continued to suffer stock sell-offs and ratings downgrades.

Therefore, in this critical year, major Hollywood film studios have placed their bets on their blockbuster works, namely major superheroes, and it is almost difficult to see any company willing to take risks.

Companies willing to take risks also support top directors, such as Nolan's "Oppenheimer". However, this subject matter actually also carries an IP for Europe and the United States. After all, it tells the story of how Robert Oppenheimer, the "father of the atomic bomb" in the United States, led the creation of the world's first atomic bomb.

"So, I want to sell my Google stock and get a lot of cash out."

Seeing that David was also speechless, Li Mu immediately got down to business.

"Boss, is Mengying Media encountering a crisis?" David was stunned.

"That's not the case. I'm just going to need some cash and I'll be ready at any time." Li Mu couldn't help but laugh when he saw that David thought something had happened to Mengying Media.

"Oh, boss, you scared me."

"I think you are afraid of losing your job." Li Mu knew what David was thinking.

"Boss, are you sure you need so much money? According to Google's current value of 1.3 trillion US dollars, the original share value has increased by more than 6 times and is now worth more than 30 billion US dollars," David reminded.

"Boss, I suggest you pledge your shares. According to the previous investment team's advice, given the current trend, Google still has great value in the future, so there's no need to sell it."

After hearing David's words, Li Mu fell into deep thought.

At first he thought about selling some. After all, with the current international relations, something unexpected might happen one day. However, pledging is also a solution. Although his memory is limited, he still has to consider the investment team's advice.

Then Li Mu thought for a while, "You ask the investment team to come up with a plan for me, including the pros and cons of various plans such as selling part of the shares, all the shares, pledging, and capital repatriation plans, as well as the forecast of the future international situation and how to prevent risks."

Li Mu immediately felt that there was a better way. It would not be a bad idea to keep the shares or keep fewer shares. After all, it would not cost that much money to acquire a Wanda Film.

However, it is better to take some of the money back and use it, which is why Li Mu did not directly withdraw the cash flow of Mengying Media.

"Okay, boss."

David nodded sharply.

"Okay, I'll email you some information. Please confirm it before I go to Cannes and send me the plan."

Li Mu mentioned this, then thought about it, "Do you want to go to Cannes together, just as a vacation?"

"Forget it, boss. I'm under close watch." David was obviously very tempted, but he still refused with difficulty.

"Okay, whatever you want." Li Mu didn't force it.

Time flies and it is already mid-May. The film industry is still sluggish, but the annual Cannes Film Festival is about to begin.

On May 15th, the weather in the imperial capital was still as sunny as ever.

Li Mu got up early in the morning and began to prepare for his upcoming trip to Cannes, France, where he would serve as chairman of the jury.

In the bedroom, Liu Yifei was standing in front of the wardrobe choosing clothes. She folded some suits and gently put them into the suitcase.

"Has little Baozi asked for leave from the teacher?" Li Mu couldn't help but ask.

"Please, it's still kindergarten anyway, there's nothing to be afraid of. It just will be a few days late. I'll bring the little kid over to accompany you then." Liu Yifei said happily, her shallow dimples revealing a sweet smile.

"Well, I have asked someone to adjust the time of the private plane in advance. You can take the private plane when the time comes."

"Ah? You don't need it?" Liu Yifei asked in surprise.

"I can just take a random flight."

Li Mu is a grown man, so he doesn't mind what kind of flight he takes. If it weren't for the fact that he couldn't apply for an adjustment due to the frequent flights, it would actually be best to have the plane go back and forth twice.

"Why did you put this dress in?" Li Mu took a look and saw that Liu Yife had also stuffed his dress in.

"I'm just going to review movies, not to walk the runway."

Liu Yifei smiled and retorted while adjusting the dress in her hand: "That's true, but you are the chairman of the jury. Your image on the red carpet is one of the faces of Cannes. We have to prepare for you. It's better to be prepared, just in case you think you can wear it."

"I don't think so. If I didn't want to be more formal, I would wear casual clothes."

"It's okay. I've picked out a few casual clothes and two casual suits for you to wear in the future." Liu Yifei responded with a smile.

“These are two boxes.”

"I'll bring you the latter one later, you just need to take the first box."

"Why do I feel like I'm on vacation?" Li Mu pondered.

"This is just a vacation, why don't we stay there for a few more days? Then go to the island. We haven't been there for a long time since the epidemic."

Speaking of vacation, Liu Yifei's eyes lit up and she suggested excitedly.

"Makes sense."

Li Mu clapped his hands and thought about his time. It seemed that he still had some time left. He said with a smile, "It's settled. Little Baozi, take a few more days off."

It’s about time, because I have to go on a business trip to Hangzhou and enter the next stage.

"It's okay, it's just kindergarten. It won't be so easy when you go to elementary school."

"."

The next day, which was the day before the opening ceremony of the Cannes Film Festival, after packing up, the two had breakfast and drove to the airport.

In mid-May, the epidemic was still ongoing and the Imperial Capital International Airport seemed rather deserted.

There were few passengers in the waiting hall, and they were all moving around, each dragging their suitcases.

Flight information scrolled on the huge electronic display screen, and rows of blue and white fonts updated the take-off and landing times of flights from various places.

Li Mu had just said goodbye to Liu Yifei and walked into the VIP waiting hall with his luggage. Coincidentally, he met Zhang Ziyi who was going there with him.

(End of this chapter)