Chapter 119: Capitalist Smith's Means(1/3)
September 25, 2000.
Abel returns to Texas,
Today happens to be the fifth day.
That day, he met a guest at the Four Seasons Hotel in downtown Houston.
The guest's name is Isaac Perlmutter.
According to the original itinerary, Abel should have met Isaac Perlmutter at Smith Capital in New York.
But he never went back, and Isaac Perlmutter arrived in New York early.
Due to desperation, at the suggestion of David Mellon.
Isaac Perlmutter left New York and ran to Texas to find Abel.
There are many reasons why Isaac Perlmutter came so urgently and proactively.
One is because the company now managed by Isaac Perlmutter was already on the verge of bankruptcy once in 1997.
It was true that it was rescued that time, but for this company, the situation did not get much better.
It is still on the verge of bankruptcy or insolvency at any time.
All this time, as the general manager of this company.
Isaac Perlmutter is looking for new investors and wants to inject new capital into the company.
Over the past few years, Isaac Perlmutter has found too many capital and interested businessmen.
But these people are either too demanding or not interested at all.
Either they want the core assets of this company, but don't want to take over this company that has been losing money.
This is something that Isaac Perlmutter and the company's core management cannot tolerate.
All this time, Isaac Perlmutter could only work hard to run the company and continue to look for new investors in the market.
As an investment businessman, Isaac Perlmutter is familiar with Wall Street.
After learning that the Wolf of Wall Street was interested in the company.
He couldn't wait to come.
He also knew that the Wolf of Wall Street was also the chairman of CAA.
This identity coincides with one of the plans of another senior executive of the company for the future of the company.
This made him work tirelessly to run from Los Angeles to New York.
From New York, I found Houston, Texas.
Just to see Abel.
This is one of the reasons,
Originally this was the main reason why Isaac Perlmutter wanted to see Abel.
But now,
This main reason turned into a secondary factor.
For Isaac Perlmutter to come here to find Abel so urgently is another matter.
That is, Isaac Perlmutter is not just the chairman of the board of directors of this company called "Marvel".
He is also a venture capital businessman, the kind known for his caution.
It's just that no matter how cautious a businessman is, he will encounter bad times or bad luck.
He has had some bad luck recently, and the stocks of several listed companies he bought have fallen.
Several start-up companies he invested in have also encountered strong attacks from their opponents.
In addition to Marvel's own dire situation, his own investment and financial situation is also in bad shape.
This forced him to seek more funds to save Marvel or himself.
Fortunately, Abel was very interested in Isaac Perlmutter, or the company behind him.
In the case of Isaac Perlmutter himself.
He chose to meet the other party.
The meeting place was at the Four Seasons Hotel where he had stayed with Liv Tyler for two days.
Liv Tyler has now been temporarily placed in a property he just purchased in Houston.
Therefore, she was not in the hotel, and he did not bring her over here to meet Isaac Perlmutter.
Four Seasons Hotel, restaurant.
Abel sits with Isaac Perlmutter.
Isaac Perlmutter is a white man about forty years old.
They are ordinary looking, the kind that you can find dozens of if you search them on the street.
"Good afternoon, Mr. Smith." Isaac Perlmutter, who was sitting opposite, had a very good attitude.
So good that when others look at it, they know that this guy has something to ask for.
"Good afternoon, Mr. Perlmutter." Abel responded with a smile.
"I" Isaac Perlmutter cheered up and was about to say some kind words.
He was stopped by Abel, who waved his hand towards him and said:
"Mr. Perlmutter, I know why you are here. I am also very interested in Marvel. When I was a child, Spider-Man, X-Men, and Wolverine were all my heroes."
"My childhood room is still covered in stickers and posters of Peter Parker."
"Now that I have grown up, I am no longer obsessed with them. But if I have the opportunity to own the company that created them, I would still be very happy."
Facing Abel's passionate expression, Isaac Perlmutter looked a little embarrassed.
Abel emphasized repeatedly that Spider-Man, Parker and the X-Men are indeed the creations of Marvel.
The problem is that the copyrights to these Marvel's most popular superhero characters no longer belong to Marvel.
During those difficult days, Marvel sold all of its most valuable IP.
During the bankruptcy crisis in 1997, Marvel even planned to sell off all superhero rights.
It's just that those buyers were unwilling, and they only picked out those copyrights that they thought were valuable.
The rest are basically disdainful to them.
For example, Thor, Iron Man, Captain America, Black Widow, etc.
They don't like it.
I can't help but mention this one, as the ones mentioned are all recognized as the most popular superhero IPs.
But now that they are not owned by Marvel, Isaac Perlmutter doesn't know how to express it.
Isaac Perlmutter said quietly: "Mr. Smith, what you said is correct. But..."
"Ha~" Abel laughed, "But these most popular heroes no longer belong to Marvel, right?"
Since you already know this, why do you keep stressing about it?
Isaac Perlmutter complained in his heart, but naturally he did not dare to say it out loud.
"Yes." Isaac Perlmutter said: "Marvel has experienced troughs, and during that trough, it almost went bankrupt."
"In order to maintain its existence, it had to sell these things during that special period."
"But in fact, these remaining superhero copyrights from Marvel are the real bosses!!"
This is what Isaac Perlmutter said.
But as far as Abel knew, this was not the case.
Isaac Perlmutter had the financial resources to support Marvel.
It's just that this guy is very stingy and filmed "Iron Man" in a parallel time and space.
You can change the ten Hummers escorting Tony into four in the setting.
He didn't spend much money to control Marvel. He mainly used his toy company to invest in Marvel.
It is impossible for him to spend money to save Marvel.
So after he took charge of Marvel, this guy couldn't find a financial backer.
What he did to keep Marvel alive was to start selling Marvel's most valuable copyrights.
Spider-Man, X-Men, Fantastic Four, etc., all fell out of the Marvel copyright sequence under this situation.
Isaac Perlmutter was eloquent at the moment, trying to persuade the wealthy young man in front of him to inject capital into the dying Marvel company.
In this way, he himself can also obtain the turnover of funds.
To be continued...