Reborn in America, I'm serious about making money.
Chapter 237 is actually a loss?
Some things cannot be hidden from people; as the saying goes, "the truth will eventually come out."
This kind of thing actually happened to Zhang San. When "The Pirates of the House" was taken off the screens, someone revealed to the newspaper that "The Pirates of the House" had actually lost money despite grossing more than 300 million US dollars in North America.
This matter immediately caused a huge uproar.
A Los Angeles entertainment newspaper published a shocking news report: the year's top-grossing film, "The Pirates of the House," is actually losing money. I have received information that "The Pirates of the House," co-produced by Universal and Slime Pictures, has been confirmed to be losing money, with losses amounting to more than $3 million.
This news immediately attracted global attention.
However, Global Times quickly confirmed the matter, which was unavoidable; since someone had exposed it, they had to respond honestly.
An article translated in mainland China states: This is a fact, there is no denial; there were indeed losses, though not as many as thirty million US dollars, but there were still losses.
Pirates are a declining genre; this genre once brought down a film giant. Why? Because nobody paid attention to it anymore.
Now, we've defied all opposition and made a pirate movie, taking a huge risk. This is something that's common knowledge in Hollywood, something that everyone can see and understand... Under such circumstances, we've taken a tremendous risk in making this movie.
Moreover, there were many obstacles, including lawsuits from other Hollywood film companies. Although we eventually won, it came at a huge cost.
However, we still believe this is a good movie, and the subject matter is also a good one that should not be buried. This is why we invested a lot of money to make this series of movies, all for the sake of our dreams and our convictions.
We've moved beyond the days when good wine needs no bush. A good movie needs good promotion so that people know the subject matter isn't obsolete; it just lacks a good angle to explore it.
Now, we've succeeded, but we paid a heavy price, we lost money, but it was worth it, it's something to celebrate, it is...
Finally, I would like to say that those questions are necessary; they are a form of oversight, and we welcome such oversight.
This article was so well written that it caught the attention of the IRS. They thought they finally had an opportunity. The IRS had always wanted to investigate Hollywood's taxes. The inner workings of Hollywood film companies were a real headache for them, with many Hollywood rules that gave them a lot of trouble.
"Hmph, today we've finally got our hands on a Hollywood mogul. We'll show them what it means for taxes to be sacred and inviolable."
Shortly after this article was published, the IRS investigation team arrived at Global Times.
"Welcome, all of us will cooperate with you." Robert, a powerful figure in Hollywood, personally greeted the IRS investigation team, making the team leader feel more comfortable. This man was a big shot in Hollywood, and it was said that he had deep connections with many powerful people.
"Thank you for your cooperation. We will investigate this matter thoroughly."
Then, after giving Robert a meaningful look, they began their investigation.
As time went on, two days later, the IRS discovered that their finances were actually fine, which gave them a huge headache. It wasn't that there were no problems, but those were minor issues that were insignificant, and since it wasn't tax season yet, they had no way of finding an opportunity to vent their frustration.
"Can you tell me what happened?" The head of the IRS investigation team asked his team member with some seriousness, wanting to know what had happened that left them with no results.
"Sir, their accounts are very clear, with both bank transfers and receipts; it's just that they've certainly invested a lot in advertising..."
"For example?"
The investigator began to explain, specifically pointing out the promotion on the Internet.
Universal Pictures has shifted its focus from offline to online promotion for its films, investing heavily in these platforms. On some websites, such as Yahoo!, the investment has reached over 20 million US dollars.
The investment in the internet alone reached over 100 million US dollars, while offline investment amounted to 50 million US dollars. Most newspapers, as long as they were good, would receive some investment from GG, as would television stations.
The IRS investigation team sat huddled together, their brows furrowed in worry. They had been confident they could find solid evidence in Global's financial records to expose potential wrongdoing. But after a thorough search and analysis, they found nothing! This left the entire team deeply perplexed.
The team leader frowned, knowing he couldn't give up. After careful consideration, he resolutely ordered, "Expand the investigation to include Global's partners!" This decision meant more work and more complex situations, but they had no other choice.
Therefore, the investigation team began a full-scale investigation into Sray Films and all other companies related to the film. They meticulously examined contracts, fund flows, email correspondence, and so on, leaving no detail overlooked. However, progress was not smooth; each link seemed to have some problems, but these problems were too trivial to piece together a complete clue.
What puzzled them even more was that every company had some of these problems to some extent, but no one seemed to have any issues with them.
Faced with such a thorny situation, the investigation team was extremely frustrated. They understood that without finding crucial evidence, they could not convict Global and its partners.
This is yet another disappointing performance by the IRS in Hollywood, which has become the norm.
Global Times is naturally not afraid of the IRS. They have no problems and can investigate as they please. Many websites have records of the projects they invested in. Many of those websites were acquired by Zhang San when the Internet went bankrupt. Many of them were redesigned and relaunched. Although they did not have a new lease on life, they still have many visitors.
In this situation, these websites can become a place to share costs, and is it normal for websites to lose money, or can they continue to lose money indefinitely?
After the internet crisis, the profitability of the internet was exposed to the public, and many people subconsciously believed that it was normal for the internet to lose money or not be profitable.
No one would have high hopes for such a company, so naturally no one would suspect anything, and Zhang San could openly use it to cause trouble.
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