Chapter 1857 1859 [Making a fortune]
After the release of "The Good Chef", "Police Academy 3" was officially launched.
??This movie has been released twice, both of which did well at the box office. The story of the third part is still funny, and coupled with the reputation of the first two parts, "Police Academy 3" still has a good box office.
?An investment of less than US$10 million was returned in box office of more than US$40 million. Xiang Nan was very satisfied with these results, so "Police Academy 4" was immediately scheduled.
?This makes the actor Steve Gartenberg very helpless.
His salary for starring in the "Police Academy" series was not high. Because he was still a second-tier artist at that time, his salary was only 150,000 US dollars.
Xiang Nan signed him for seven films in one go, and each additional film would increase his salary by 30%. At the time, Steve didn''t expect "Police Academy" to be a hit, so he signed the contract.
As a result, when he filmed the second film, his salary was less than 200,000 yuan. But if he takes on roles outside, his salary has risen to one million dollars.
?This is also the reason why after "Police Academy 1" became a big hit, he was busy taking on roles outside instead of continuing to film "Police Academy 2".
But before, because the movie he starred in failed at the box office and he was in urgent need of "Police Academy 2" to make a comeback, he signed a schedule priority with Xiang Nan.
So even if he doesn''t want to make "Police Academy 4" with a salary of less than 400,000 US dollars, it is simply impossible. At that time, if the defendant goes to court and the judge orders him to compensate for the losses, he will be bankrupt.
?So, Steve Gattenberg had no choice but to continue to help Xiang Nan make films at low prices.
…
After "Police Academy 3" was released, it was immediately followed by "Crocodile Dundee 2" produced in Australia.
Its previous work 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 film, it still had a box office of 110 million US dollars in North America and a final global box office of 240 million US dollars.
But its production cost was less than 20 million U.S. dollars, and the revenue was also more than ten times higher. Let the outside world drool with envy.
?However, Xiang Nan doesn’t care too much about this matter, because Black Monday is coming soon.
?The so-called Black Monday refers to the sharp decline in the U.S. stock market after it opened on Monday, October 19. The Dow Jones Index fell as much as 22% in a single day, losing $500 billion in assets, accounting for one-eighth of the U.S. gross domestic product.
?If calculated based on the mainland stock market, it is equivalent to a loss of 700 points for the A-share market, a loss of 13 trillion yuan. Such figures are simply appalling.
For this reason, after the stock market crash, many millionaires became beggars overnight. The stock prices of many companies died within a day...the market was wailing.
This is a good time for Xiang Nan to make a fortune.
If the operation is done well, he can get huge profits worth billions. 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 his shares early and one after another.
Because he started selling a few months in advance, when the stock market was booming, and because he was selling in small amounts, it did not cause panic in the market.
?In fact, even if all his billions of dollars of stocks were sold instantly, it might not have much impact. After all, the total market value of the U.S. stock market exceeds five trillion US dollars, and a sell-off of more than one billion US dollars is not a big deal.
It''s just that Xiang Nan is cautious and doesn''t want to attract the attention of the industry.????In the week before October 19, the U.S. stock market continued to receive bad news.
??The U.S. Treasury Secretary announced that the U.S. dollar may take the initiative to depreciate; merger tax incentives for listed companies will be cancelled; rumors of the Iran-Iraq war have escalated again; the trade deficit will increase in August; fund interest rates will increase from March to September...
Each piece of bad news is eroding the confidence of capital.
Therefore, on Sunday, October 16th, the U.S. stock market had already fallen slightly, further impacting capital confidence.
When the market opened on Monday, the Dow Jones Industrial Average fell 67 points. This seemed to be the beginning of a retreat, and for a while, news of selling continued.
The entire trading floor was full of people selling, but not a single person was buying. As a result, the stock market began to plummet. By the afternoon''s close, the index fell by 22%, the largest decline since 1941.
?The stock prices of most companies have plummeted, such as General Electric, which fell by 33%, Coca-Cola, which fell by 36%, Boeing, which fell by 29%, and Microsoft, which fell by 40%...
The losses were as huge as the stock market crash of 1929.
?This made the market frightened and confused, and everyone wondered whether the 1929 stock market crash was coming again? !
…
Xiang Nan, on the other hand, was so happy that he grinned from ear to ear.
He had sold stocks at high levels before to avoid losses caused by the stock price crash, and then took advantage of the stock market crash to increase leverage and go short. Two billion U.S. dollars of capital plus leverage can be enlarged to 10 billion U.S. dollars for short selling. This is quite powerful.
So in this day alone, Xiang Nan earned 3 billion U.S. dollars, and he finally had the funds to buy Universal Pictures.
?However, Xiang Nan closed the door when the situation was good, and did not continue to short the next day. Instead, he chose to buy at the bottom while the stock price was at a low.
Because he knew that the stock market crash on October 19 was just a one-time event. After that, the U.S. government and listed companies will actively carry out rescue operations.
On the 20th, the Dow Jones Index rose by more than 100 points. On the 21st, the Dow Jones index rose again by more than 180 points. By the 28th, the U.S. stock market had stabilized.
?On the one hand, this is due to the government’s timely rescue of the market and its effective strategy; on the other hand, major companies have also chosen to repurchase shares. These two major measures stabilized investor confidence, and the stock market was no longer volatile.
?Hunting from this stock market crash, Xiang Nan directly benefited US$2.5 billion, and the indirect benefits will be immeasurable. Because the stocks he bought at the bottom will grow significantly in the future.
So for him, good times are still ahead.
…
During this period, the relationship between Xiang Nan and Sophie Marceau became increasingly close.
As she spent more and more time with Xiang Nan, Sophie became more and more admired for Xiang Nan''s talent.
Xiang Nan can play the piano, the violin, draw Chinese and Western paintings, cook, and do medicine... Just tell it casually, and it''s a fascinating story.
Such talent naturally fascinates her more and more.
"What do you think of this "Edward Scissorhands" story? Is there anything that needs to be modified?" 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 so talented."
(End of this chapter)