Chapter 1857 1859【Big fortune】
After the release of "The Great Chef", "Police Academy 3" was officially launched.
This movie has been released in two, and both of them have done well at the box office. The third story is still funny, coupled with the word-of-mouth of the first two, the box office of "Police Academy 3" is still good.
An investment of less than 10 million U.S. dollars was exchanged for more than 40 million U.S. dollars at the box office. Xiang Nan was very satisfied with such results, so "Police Academy 4" was arranged immediately.
This makes the actor Steve Gartenberg very helpless.
His pay for the "Police Academy" series is not high. Because he was still a second-tier artist at the time, and his salary was only US$150,000.
Xiang Nan signed him seven film contracts in one go, and increased his salary by 30% for each additional film. At the time, Steve didn't expect "Police Academy" to be a hit, so he signed the deal.
In this way, when he filmed the second part, his salary was less than 200,000 yuan. But if he accepts the show outside, his salary has risen to a million dollars.
This is also the reason why after "Police Academy 1" exploded, he was busy taking plays outside instead of continuing to film "Police Academy 2".
But before, because the movie he starred in failed at the box office and he desperately needed "Police Academy 2" to recover blood, he signed a schedule priority with Xiang Nan.
So even if he doesn't want to shoot "Police Academy 4" with a salary of less than 400,000 US dollars, it is impossible. At that time, if the defendant goes to court and the judge orders him to compensate for the loss, he will be able to go bankrupt.
Therefore, Steve Gartenberg had no choice but to continue to help Xiang Nan make films with a low salary.
…
After "Police Academy 3" was released, it was followed by "Crocodile Dundee 2" produced in Australia.
Its predecessor sold more than 300 million US dollars worldwide. This sequel is still invested by Xiang Nan.
Because when he invested in "Crocodile Dundee", he had already signed an agreement and bought the copyright.
After the release of "Crocodile Dundee 2", although the box office was not as popular as the first one, it still had a North American box office of 110 million US dollars, and finally a global box office of 240 million US dollars.
But its production cost is less than 20 million US dollars, which is also more than ten times the income. Let the outside world drool with envy.
However, Xiang Nan didn't care too much about it, because Black Monday was coming soon.
The so-called Black Monday refers to the U.S. stock market plummeting all the way after the market opened on Monday, October 19. The Dow Jones Index fell as much as 22% in a single day, and lost assets worth 500 billion US dollars, accounting for one-eighth of the US gross domestic product.
If calculated based on the mainland stock market, it is equivalent to a 700-point drop in A-shares, a loss of 13 trillion yuan. Such figures are simply appalling.
Because of this, after the stock market crash broke out, many millionaires became beggars overnight. The stock prices of many companies died within a day...the market was wailing.
For Xiang Nan, this is a good time to make a fortune.
Operate well, he can get billions of huge benefits. On the contrary, if the operation is not good, his losses will reach billions of dollars, so he has to be careful.
…
Xiang Nan knew that the stock market crash would happen, so he sold the shares he held early one after another.
Because he started to sell a few months in advance, when the stock market was booming at that time, and he sold it in a small amount, so it did not cause panic in the market.
It's just that Xiang Nan is used to being cautious and doesn't want to attract the attention of the industry.
In the week before October 19th, bad news for the US stock market continued.
The U.S. treasury secretary announced that the U.S. dollar may take the initiative to depreciate; listed companies’ M&A tax incentives have been cancelled; rumors of the Iran-Iraq war have escalated again; the trade deficit increased in August; the fund rate increased from March to September…
Every bad news is eroding the confidence of capital.
Therefore, on Sunday, October 16, the U.S. stock market fell slightly, which further impacted the confidence of capital.
When the market opened on Monday, the Dow Jones Industrial Average fell sixty-seven points. This seemed to be the start of a retreat, and for a while, there were endless news of selling.
The entire trading floor is full of sellers, but there is not a single buyer. As a result, the stock market began to plummet until the afternoon close, with the index down 22 percent, the largest drop since 1941.
The stock prices of most companies have plummeted, such as General Electric fell by 33%, Coca-Cola fell by 36%, Boeing fell by 29%, Microsoft fell by 40%...
The losses were as large as the stock market crash of 1929.
This frightened the market at a loss, wondering if the 1929 stock market crash was coming again? !
…
And Xiang Nan was so happy from ear to ear.
He had already sold stocks at a high level before, avoiding the losses caused by the stock price plummet, and then took advantage of the stock market crash to increase leverage to short. Two billion U.S. dollars of capital plus leverage, enlarged to 10 billion U.S. dollars for short selling, is quite powerful.
So in just one day, Xiang Nan earned three billion US dollars, and the funds to buy Universal Pictures were considered to be in hand.
However, Xiang Nan closed when he saw a good deal, and did not continue to short the next day. Instead, he chose to buy at the bottom when the stock price was at a low point.
Because he knew that the stock market crash on October 19 was just a one-off. After that, the U.S. government and listed companies will actively carry out bailouts.
On the 20th, the Dow Jones Index rose by more than 100 points. On the 21st, the Dow Jones Index rose by more than 180 points. By the 28th, the U.S. stock market had stabilized.
On the one hand, it was because the government took timely action to rescue the market, and the strategy was effective; on the other hand, major companies also chose to repurchase stocks one after another. The two major measures have stabilized the confidence of investors, and the stock market will no longer be turbulent.
In this stock market crash, Xiang Nan directly earned 2.5 billion US dollars, and the indirect benefits will be immeasurable. Because the stocks he bought at the bottom will have a substantial growth in the next period of time.
So for him, better days lie ahead.
…
During this period, the relationship between Xiang Nan and Sophie Marceau became closer and closer.
As she spends more time with Xiang Nan, Sophie admires Xiang Nan's talent more and more.
Xiang Nan can play the piano, the violin, draw Chinese paintings, can draw Western paintings, can cook, and can do medicine... Just casually speaking, it is a fascinating story.
Such talent naturally fascinated her more and more.
"What do you think of this "Edward Scissorhands" story, and what needs to be revised?" Xiang Nan asked with a smile.
"No, I think it's perfect." Sophie praised, she was so moved by this touching story, "Charles, you are really talented."
(end of this chapter)