Chapter 264 Planning in advance
Fang Hexuan is not short of money. According to normal operations, he should let DreamWorks land in the United States earlier and take root as soon as possible.
But he chose to take a safe approach and planned to set up a branch in Hollywood after 1984.
Currently, Hong Kong's film industry has entered a period of rapid development. DreamWorks needs to first gain a firm foothold in the Chinese-speaking market and achieve absolute industry dominance before it can devote its energy to looking outward.
Although he rarely asks about the details of DreamWorks now, his support has never diminished.
For example, DreamWorks Entertainment, which owns 60% of DreamWorks Films and is a listed company, has had its other shareholders' equity diluted by Fang Hexuan over the years for various reasons.
In addition to the 28% of shares traded on the stock market and Fang Hexuan, the absolute majority shareholder, Huang Pinyuan, who holds the largest stake among the remaining shareholders, only holds 1.15%.
Adding up all these people's shares, it doesn't exceed 5%.
Although these shareholders have always been honest, they are very courageous when it comes to protecting their legitimate rights and interests.
Although they did not have many shares, they still made a fuss several times regarding the annual dividends and interest.
In the final analysis, it's nothing more than hoping that DreamWorks Pictures will hand over profits by the end of the year.
Without exception, all these requests were rejected by Fang Hexuan.
Therefore, in recent years, although some films produced by DreamWorks have suffered losses, it has always been the film and television company with the highest operating profit in Hong Kong.
There is plenty of money in the financial department, and Fang Hexuan has very strict control over its internal integrity management, so DreamWorks Films has plenty of funds to establish the largest number of film and television projects in Hong Kong.
In this industry, if you have money, projects underway, and everyone follows you to make a living, then your industry prestige and influence can be maintained.
The increasing number of projects at DreamWorks each year has attracted many Hong Kong directors, actors, photographers and other professionals who have dreams and ambitions.
Liu Tianci even wanted to recruit some industry personnel from the mainland to join DreamWorks to alleviate the talent shortage.
DreamWorks is becoming more and more the dominant company in Hong Kong, which is what Fang Hexuan would like to see the most. He does not mind being accused of monopolizing. If monopoly can bring competitiveness and industry progress, he would like to have only one company in Hong Kong.
In another two years, when DreamWorks has formed an absolute siphon effect in the Chinese-language film market, Fang Hexuan will have the confidence to let it go out and try its luck.
However, this does not mean that he cannot pave the way for DreamWorks to enter the United States in advance.
Hollywood seems very open, but in fact it is extremely closed and xenophobic.
They seem to really welcome talents and funds from all corners of the world to join, but only those who have tried it know that everything is just an appearance.
They have been making movies for decades, with countless rules and traps, just waiting for fools from outside to jump in.
In the previous life, the biggest fool was probably Lao Wang. However, he was not spending his own money. He had a bank as an ATM.
If DreamWorks had set up a subsidiary in the United States without any preparation, it would have been defrauded to death by those ruthless Hollywood tyrants.
Because it's completely organized here.
Actors have the Actors Guild, screenwriters have the Writers Guild, directors have the Directors Guild, and even producers have their own union.
If local production companies are unhappy with DreamWorks' aggressive approach, they may collude and link up various unions to boycott you, and you will have no place to reason.
You set up a project to produce a movie, but you can’t find a director, there are no actors, and even the insurance company refuses to provide insurance for the movie. What else can you do?
It would be fine if Fang Hexuan ignored DreamWorks and directly acquired a company in Hollywood, but that was not his original intention.
It would be boring to travel through time and space without a dream. He hoped that when people evaluated him a hundred years later, they would say that he was a great founder of a great company, rather than just a tycoon or capitalist with so much money that he couldn't spend it all in several lifetimes.
If you have founded DreamWorks, you must be determined to develop it into a world-class film company that can stand on par with the seven major Hollywood studios.
In short, the main reason why Fang Hexuan was willing to visit Miramax was to find a helper who understood the Hollywood industry in advance for DreamWorks' subsequent landing.
Although Harvey Weinstein has many faults and bestialities, his understanding of Hollywood rules and his sensitivity to movies are definitely among the best.
Rather than letting his Miramax be acquired by Disney in a few years, it would be better to use it as a strong ally and acquire it when necessary.
As for whether Harvey was willing or not, Fang Hexuan was not worried at all.
This man is a typical egoist. As long as he is not pushed into desperate situations, he will probably be even more ruthless towards his Hollywood colleagues than Fang Hexuan, an outsider.
Seeing Harvey's expression becoming obviously ugly, Fang Hexuan added:
"Don't get me wrong, I have no interest in acquiring Miramax, but becoming a shareholder is a good option."
After hearing this, Harvey's face suddenly lit up with joy, and the tension and dissatisfaction just now disappeared in an instant.
He showed his ugly smile again and said flatteringly:
"Mr. Fang, I assure you that investing in Miramax is definitely a profitable business."
"Haha, I don't doubt that."
"Frankly speaking, I value you, Harvey Weinstein, more than your company."
After hearing this, the wrinkles at the corners of Harvey's eyes immediately gathered together, and his smile became much brighter than before.
He had come into contact with many wealthy people before, including from Europe, the Middle East, and Wall Street.
But the first thing these people asked was how many famous works Miramax had, whether it had any A-level projects, and then they asked to see the company's past financial statements.
Of course Harvey knew that these were all reasonable requests, but compared to what Fang Hexuan had just said, it was really disrespectful to him.
He and his brother Bob Weinstein worked their way up from the slums to where they are today, relying solely on perseverance and a shrewd mind.
Without his two brothers, Miramax would be a soulless film company.
He really thought so!
Now, an investor who truly understands him has appeared. How can he not be excited?
Harvey thanked the Lord silently in his heart, then smiled sincerely and said:
"Mr. Fang, you are truly a genius with a great vision. No wonder you can become a world-class billionaire at the age of 20."
"Haha, I also discovered that you are a first-rate flatterer, which can also be regarded as your business ability."
"Haha, thank you Mr. Fang for your compliment!"
The two men left the archive room and went to say hello to Bob Weinstein.
Fang Hexuan stayed in Miramax for about an hour and a half before leaving.
Thank you for the monthly ticket of Love is the beginning of pain!
Thanks to book friends 20230529650_aA and Big Dog for their recommendations!
(End of this chapter)