Chapter 123: K Street, Washington, DC(1/2)
Jessica was enjoying the food carefully prepared for her by Gary Danko, the chef at the restaurant.
Another corner of San Francisco,
Saison, a Michelin-starred restaurant at the same level as Gary Danko, is in its VIP box.
Michael Ovitz, who performed the Return of the King in CAA and is now very high-spirited in Hollywood, is receiving his boss and Anne Hathaway.
Anne Hathaway came all the way from Los Angeles.
Today she took an afternoon off just to see her boyfriend.
A little more than half a month has passed since Ovitz became the CEO of CAA again.
In the past half month, most of Ovitz's energy has been focused on shrinking power and re-adjusting CAA's management and structure.
I have been so busy now that I finally have some free time.
Just in time Abel came.
Naturally, Ovitz rushed over immediately.
"Ovitz, you look in much better shape now than before."
Abel smiled and teased Michael Ovitz, who was sitting across from him, "How was it? How does it feel like the return of the king? What does it feel like to lose and regain again?"
"Hahaha~"
Ovitz smiled happily and was obviously in a wonderful mood.
"I have to say." Ovitz said happily: "Very good!!"
"Ha~ That's good." Abel smiled and shrugged, "I also believe that under your leadership again, CAA will be able to regain its strong combat effectiveness."
"Thank you so much for trusting me." Ovitz said softly.
Ovitz knew that without Abel's support this time.
It is absolutely impossible for me to return to CAA.
Regardless of Abel's shares, most of them were contacted by Ovitz, and then Abel paid for them.
Ovitz knew.
These shareholders are willing to sell their shares to Abel.
But it doesn't mean that they are willing to sell the same shares to themselves.
Others don't say it.
Shareholders such as Bloomberg, David Geffen and the founder of Endeavor obviously cannot buy the shares they hold.
Rather than selling shares for money, these people are selling a little favor to Abel.
There are also shares of other companies that I am willing to pay a premium to acquire.
There is a high probability that you won’t be able to buy it.
Only Abel is valued by Wall Street.
In addition, if you have sufficient financial resources, you can command a much higher price.
Only in this way can we buy the shares that Ovitz wants but is difficult to buy.
As a result, it eventually accounted for more than 38% of the shares in caa, plus some shares of Ovitz, as well as some shares of Ovitz's original allies in the company.
In the end, relative control was reached, and the shareholders' meeting was held to re-elect the board of directors.
Successfully defeated the original management and made Abel, the largest shareholder, the chairman.
Ovitz would then exercise the voting rights of the absent chairman to re-appoint Ovitz as CEO.
Jean Ovitz, in CAA, an entertainment giant with huge influence in Hollywood, achieved a plot like The Return of the King.
The more Ovitz knew about Abel's strength, the more he gave up the idea of taking advantage of Abel in CAA.
Because he knew Abel's plan in Hollywood.
In addition to CAA, there is another brand that looks like an underwear brand, but is actually an entertainment model company with an innovative model.
There is also AB Smith Entertainment, which has strong capital and has been established for less than a month, but has already invested in many movies.
Elizabeth’s back garden is okay and is still in the preparation and development stage.
Ovitz doesn't take it very seriously, but Ovitz has to pay attention to AB Smith Entertainment.
This company is not currently engaged in distribution and production business. It focuses on direct investment in movies.
Because of his strong financial resources and his decisiveness and directness, it is easy to give money.
Currently, he is regarded as the new big fat sheep by many Hollywood practitioners.
Everyone now wants to repeat the story of that year and let Wall Street know that Beverly Hills is not that easy to get into!
But Ovitz, an insider, knows.
AB Smith Entertainment looks like people are stupid and have too much money.
It has only been established for a short period of time and has already invested a lot of money in many movies.
A perfect performance of the Big Fat Sheep.
But what if the movies it invests in are all high-quality projects?
For some reason, Ovitz felt this way.
Even these investment projects don't look like much.
And if you take a step back and think about it, even if all these investments in AB Smith Entertainment were in vain.
This situation has caused heavy losses to other Hollywood companies, even the Big Eight.
But Ovitz knew that this amount of money was nothing to Abel.
This made Ovitz's positioning clearer and clearer.
After all, he really didn't want to be kicked out again after returning to CAA.
That would be really embarrassing, and I would probably not be embarrassed to continue working in Hollywood in the future.
A grateful, even somewhat flattering attitude towards Michael Ovitz.
Abel was a little surprised. Fortunately, this attitude would allow Ovitz to better safeguard his plan.
Abel accepted it readily and said:
"By the way, Ovitz, let me tell you something. I bought Marvel."
"Marvel?"
Ovitz thought for a while, "Is it the Marvel company that draws comics and sells toys?"
What a pity, before Spider-Man became a hit, before Iron Man made Hollywood refreshed.
Marvel is really so inconspicuous in Hollywood.
In contrast, its several well-known IPs are actually more famous than the company itself.
"Yes." Abel said with a smile, "In addition, I am still negotiating with Sony and Fox to buy back the copyrights of Spider-Man, X-Men and Fantastic Four from them."
"Wow!"
Ovitz's eyes lit up, "BOSS, what do you mean, how many movies are you going to shoot next?"
Abel nodded, not worried about leaking the secret in front of Ovitz.
"It's just that the negotiation process may not go smoothly. Sony is fine. Even if Spider-Man is more valuable, there is hope that he can buy it back."
“If it comes to the Fantastic Four and the X-Men, the probability is low.
Fox takes it very seriously, even though the first X-Men movie didn't actually make much money."
Ovitz found it strange why Spider-Man was obviously more valuable.
Logically speaking, Sony should take it more seriously.
Why is it possible to buy it back?
Will Sony be willing to sell it?
Is it just throwing money at it?
Ovitz was a little confused and asked: "Compared to Fox, Spider-Man on Sony's hands is obviously more popular. He is the only superhero comparable to Superman and Bateman, and is even more popular than Superman and Bateman.
Bateman is even higher. Sony probably won’t sell it, right?”
"Ha~"
Abel smiled.
"Spider-Man is more valuable and more valuable. But..."
He said meaningfully and in a longer voice, "But Sony is a neon company. Spider-Man is a well-known American hero. Spider-Man should be in the hands of Americans."
"Uh." When Ovitz heard the boss's explanation, he partly understood and partly didn't understand.
But seeing that Abel looked more confident, he nodded.
"So, BOSS, what do you mean?" Ovitz asked softly.
"Next, AB Smith Entertainment will invest in Marvel. The focus will be on Marvel movies, which will next shoot a series of superhero blockbusters."
"If Spider-Man can be brought back from Sony, then Marvel's first movie will be Spider-Man."
"If I really can't get it back, then I will select a few of Marvel's remaining superhero IPs to make movies."
"Marvel Movies is still just a grass-roots company and doesn't have the ability to shoot and produce movies on its own."
"Michael, I need help from you and caa."
Abel looked at Ovitz, "This is also my help to CAA. Because these movies will be big investment movies. CAA and you can also benefit a lot from them."
"Understood."
To be continued...