Transaction Completed

The two were drinking coffee in Robinoff's office, waiting for news from Time Warner.

After about three hours of discussions, Time Warner finally agreed to buy a 20% stake in MGM.

As media giants, they do not dislike having too many film companies under their control, especially a film company with a long history like MGM.

That means an extremely thick film library, which can greatly benefit their core, the TV station.

It's just that they can't always find a place to lobby for a purchase before they get the real news of the sale.

And now that MGM is taking the initiative to deliver it, Time Warner certainly cannot miss it.

After confirming the result of the acquisition, Time Warner immediately sent someone to notify Robinoff, the president of Warner Bros.

...

In the office, upon hearing the news from the secretary, Reiter and Robinoff smiled at the same time, and Robinoff took the initiative to say to Reiter:

"Happy cooperation!"

Leiter nodded, and also replied with a smile:

"Happy cooperation!"

In this regard, MGM and Warner Bros. were completely tied together and became a part of Time Warner.

....

Three days later, after Time Warner agreed to the acquisition, Leiter immediately notified Kevin, and Kevin made a down payment of $20 million, and the remaining $70 million was credited within a year. Conditions, successfully obtained a 10% stake in MGM.

Plus the 0.5% donated by minority shareholders.

At this time, Kevin obtained 10.5% of the shares of MGM, and was successfully promoted to the third largest shareholder of MGM.

Under the proposal of Time Warner, today, three days later, a press conference is being held at MGM.

...

The news that MGM and Time Warner had reached a share acquisition silently spread throughout Hollywood in the past three days.

As a joint venture between two of the top ten film companies in Hollywood, it has undoubtedly attracted major attention in Hollywood.

Even more remarkable than this attention is the news that Steve Kevin, the up-and-coming director, has purchased a 10% stake in MGM at a low price of $90 million.

Pure director reputation, although Steve Kevin's reputation in the circle is not small, but it is still far from those real famous directors, Spielberg and other directors.

He also lacks the fame and awards he has gained over the years.

But since he became a major shareholder of MGM, all this has changed, and his status in the circle has increased sharply.

Through his brilliant achievements, people have added a variety of identities to him, such as a gold medal producer, a gold medal editor, a famous director, and a major shareholder of MGM.

One of these identities alone may not be outstanding enough, but all identities are superimposed together, and Kevin has become the hottest God of Wealth in Hollywood.

People have found that it seems that as long as they can invest in the films he makes, they can make almost 100% of their money.

If it weren't for the lack of projects on hand, Kevin would have set up a fund and used the fund to invest in his films.

In this way, he only needs to pay a small interest to pocket the profits of the film.

Of course, it's still the same sentence. At present, Kevin's foundation is not solid enough, and he needs to share benefits to earn more.

The fund will definitely do it, but not now.

...

Steve Kevin, Reiter, Robinoff, and several other MGM executives stood together on the podium at the press conference.

Countless reporters waited and watched, and as soon as the press conference started, they put the microphone into Leiter's mouth.

Leiter took a step forward, facing all the reporters, and said:

"After the unanimous opinion of MGM's executives, as well as future strategic decisions, starting today, MGM will cooperate with Warner Bros. in the closest possible way."

"MGM sold 20% of its shares to Time Warner. In the future, MGM's 007, Tom and Jerry will all be broadcast on Time Warner's TV, and the two sides will also reach other in-depth cooperation."

In the face of Time Warner's support and the acceptance of Kevin, all of which made Leiter feel the hope of MGM's return to glory.

Now he is of course very happy.

A beautiful blond female reporter rushed in front of Leiter, and quickly asked with the gesture of shoving the microphone into Leiter's mouth:

"Excuse me, is director Steve Kevin the key person behind this collaboration?"

"I heard that director Steve Kevin has a special relationship with all the heroines in his films, is that true?"

Before Lett could answer, he saw several reporters crowding in at the same time. Nine of the ten questions asked were Kevin's gossip, and a few were asking Kevin how he had so much money to buy MGM. the issue of tax evasion and tax evasion.

Seeing that everyone's attention was on Steve Kevin, Leiter quickly picked up the microphone in his hand and said:

"Since everyone cares about Director Kevin so much, let Director Kevin answer your questions."

Having said that, Reit took a few steps back and handed the microphone in his hand to Kevin.

Kevin took the microphone without stage fright. Here, it was actually his first time participating in a press conference in the true sense.

The previous opening ceremony did not invite reporters to come, and the propaganda of Mission Impossible was handed over to Tom Cruise. He did not go, just showed up and left without answering any questions from reporters.

Today, it is his first time to attend a press conference.

Seeing Kevin come forward, the reporters were even more excited. The three movies, Chainsaw, Escape from the Dead Town, and Mission Impossible, well explained his road to fame.

People are eager to find out how he succeeded.

Of course, the reporters were more interested in his tidbits.

"Director Kevin, according to the crew of the Chainsaw, you used the director's authority many times to be the heroine of the Chainsaw. Do you have any explanation for this?"

Looking at the reporter with excitement on his face, Kevin smiled in his heart.