Hollywood New Century

Chapter 152: Xinghai Headquarters

On Christmas Day 2007, Simon Pike selected a site in Burbank, Los Angeles, for the headquarters of Star Ocean Entertainment.

Located in the south of Burbank, a 15-minute drive from the current Xinghai Entertainment, a real estate development company is currently building a commercial complex.

"This commercial complex that has just started has been suspended. According to your request, Simon, if we buy all the nearby land, it will cost more than 40 million US dollars," said David, the operating officer of Marvel Entertainment. Messer, because Marvel Studios has been separated by Simon, Marvel Entertainment is now responsible for the Marvel comics, toys and other markets.

Simon smiled and said, "They urgently need cash flow. This project has just started anyway. They have no money to continue. Real estate is in this situation now!"

"The wasteland in the back used to have film companies coming here to take location shots," David Messer pointed to the hill behind, more than 250 acres of land, which is not small.

"Although we can't build a studio there, we can build a location based on our future movies," Simon felt that the woods and rivers over there are still very suitable for shooting the company's next "Twilight" location. of.

"We can build a few studios of our own over there," Simon pointed to the other side again, and then pointed to the commercial complex where the foundation had just been sorted out.

"This one, the Xinghai Entertainment Headquarters Building will be built, and it will be the first building we need to build!"

David Messer is now responsible for Marvel's comic publishing and product licensing, etc. Basically, he is in charge of the consumer goods market of Xinghai Entertainment.

The studio area will definitely be open to tourists in the future, and the soundstage will also be rented to other film and television production companies in some cases.

"Simon, we have already purchased $60 million in debt from Summit Entertainment, and we are now their biggest creditor!" David Messer reminded.

"I know, buy this land as soon as possible. The current economic situation is very bad. Our project can provide a lot of jobs and increase local taxes. I believe the Burbank City Government will give us the greatest policy benefits. Yes," Simon laughed, this is a good time not to be missed!

David Messer nodded, and now the company headquarters will be established, and the ambitions of the new boss are indeed written on his face.

However, it is also great for a company to have its own real estate property!

Close to the Ventura Expressway, transportation is also convenient, and Disney, Warner Bros., Viacom, NBC, DreamWorks and other movie and television companies are not far away.

After returning to the company, Nina Jacobson also came to Simon's office.

"How's it going?" Nina asked about the address of the company's new headquarters.

"It's very good, it's better than expected, and the area is large, but I don't know if the price can't be cheaper." Simon is of course worried about the capital problem. The company's current increase in funds is 200 million US dollars, and the loan is 100 million US dollars. As well as the 100 million US dollars injected by himself, the revenue from the film will continue to be invested in newly developed film projects.

"Top Entertainment, can we really buy it?" Nina Jacobson was still a little puzzled, after all, he didn't hear the major shareholder of Top Entertainment saying that it was going to be sold.

"Joe Ayer, the major shareholder of Summit Entertainment, is the owner of a real estate company and has invested in a lot of properties. Now he needs cash," Simon leaned on his chair and smiled:

"Top Entertainment has released two films this year, the self-made Garage Horror and the Total Counterattack released in North America, and the results are actually not bad."

"Garage Horror" is a thriller played by Blake Lively's friend Rachel Nichols; "Total Counterattack" is a feature film starring George Clooney invested by Constantine Pictures.

"The crime drama they invested in 'The Valley of Elah' was released by Warner Bros. Independent Films, and it was a low box office movie starring Tommy Lee Jones and Charlize Theron!" Nina Jacobs Of course Buson will pay attention to this pinnacle entertainment,

"Moreover, they currently have three or four projects in hand, and they also need funds to support!"

"Does the company have enough funds?" Simon asked. "Peak Entertainment, I estimate it to be 80 million US dollars, plus the 60 million debt of Summit Entertainment that we have acquired. Joe Ayer has no reason to object."

"Depending on the budget of the new headquarters and the number of projects to be developed next year, the company's current capital flow is good," Nina Jacobson responded. The three films released this year are very good at the box office, and some overseas markets are Directly sell off the copyright and return the funds, the box office, the home entertainment market, the previous investment has also been exchanged for returns.

With Simon's injection of 100 million and a loan of 100 million US dollars, Xinghai Entertainment is indeed not bad now!

"$100 million, the first phase of the new headquarters will cost $100 million," Simon said, holding out a finger, including the purchase of land, the new headquarters building and other facilities.

"The company's current cash is 220 million, but the box office split of '26 Dresses' will come back soon, and the overseas box office split of "No Country for Old Men" will come back one after another," Nina explained.

"The acquisition of the peak plus the new headquarters will cost nearly 200 million US dollars," Simon smiled helplessly, 180 million US dollars, and then the company only has 40 million US dollars left!

"A Summit Entertainment, do we really have to spend 140 million US dollars? There are not many projects in their company?" Nina Jacobson felt that he could take it slowly.

Simon shook his head and explained: "I know the price is high, but our movies need time to promote, otherwise it will be too late, "Iron Man", "Life and Death", "Slumdog Millionaire", "Mamma Mia!" It's all going to be released next year!"

Of course, Simon is also worried that any brainless investor will come to help pay off the debt of Summit Entertainment and tide over the difficulties for Joe El.

"Then, when will we start acquiring Summit Entertainment?" Nina Jacobson is also looking forward to Xinghai Pictures' first step in establishing a distribution system.

Simon smiled and said, "Next year's 1.5th is the repayment period for these debts of Summit Entertainment!"

Of course Nina Jacobson understands what Simon means. Isn't the company going to acquire these debts to take advantage of Summit Entertainment?

"Send someone to get in touch first, or I don't want to be a bad guy," Simon added, and it's best to sell honestly.

"Understood!" said Nina Jacobson, standing up.