ABC and MGM have reached a significant agreement, with MGM purchasing a 20% stake in ABC TV for $14.5 million. This move marks the beginning of a deep partnership between the two companies. MGM, which holds the largest film library in Hollywood, will now grant ABC access to a vast array of films, ensuring that ABC's movie lineup will remain fresh and diverse for years to come. Additionally, MGM's expertise in program production will enhance ABC's television offerings. The successful launch of "Family Has a Fairy Wife" has highlighted the popularity of coherent TV shows for family viewing, prompting MGM to focus more on TV series production. ABC will also continue to produce "Cat and Mouse," with MGM's support likely extending to other projects such as "Super Draft."
Amid these developments, Hardy has acquired an 11% stake in the Los Angeles Times through an investment company. Behind the scenes, Hardy is negotiating private deals, including securing the chairmanship of the actors' union. With the casino operations in Las Vegas stabilizing, Hardy returns to Los Angeles with Mike.
Mike is scheduled to appear on the "Elaine Tonight Show," where his impressive resume is highlighted: from his service in World War II to his successful TV manufacturing business. The interview goes well, showcasing Mike's achievements and political aspirations. His campaign for state legislator gains momentum, particularly among veterans who appreciate his supportive policies.
Upon returning to the Corleone family home, Mike discusses his successful TV appearance with his father and the old godfather. They express their satisfaction with his progress and emphasize the importance of maintaining a strong relationship with Hardy, whose influence is rapidly growing.
Meanwhile, Hardy's women continue their endeavors. Ava Gardner is busy with film projects, Heidi Ramah is engrossed in "Human Ghosts Are Coming," and Taylor prepares for her role in "Beauty and the Beast." Han Yezhen focuses on her flourishing auction house, while Irina remains by Hardy's side.
Hardy proposes a new venture: a Las Vegas TV station. This channel will be dedicated to showcasing the casino environment, including live broadcasts of gambling activities, casino competitions, and phone-in betting lotteries. Hardy believes this innovative approach will exploit legal loopholes and drive significant interest, despite the challenges posed by regulations surrounding lotteries.
Irina, tasked with overseeing the new channel's development, is confident in her ability to execute the plan effectively. Hardy's strategy is bold, aiming to capitalize on the legal ambiguities surrounding casino betting and television broadcasting.