Chapter 18 Don't forget the original intention
In the next two days, Litt and Kirkland followed Orwitz to visit MGM, Sony and Warner one by one. The people who came forward to receive president-level figures, but the results of the meeting were not ideal.
MGM lacks interest in the script of "The Matrix", let alone investing $80 million in huge investments to shoot the movie; Warner refused to invest in the movie because of his anger at the "betrayal" of the Wachowski brothers.
Among the three companies, Sony showed enough interest in the shooting plan of "The Matrix". Although CEO Michael Leighton expressed difficulty in accepting investment plans of up to $80 million, there was no room for negotiation at all, they had an additional requirement that the heroine in the film must be held by the person they designated.
Because of Lit's strong opposition, Orwitz ultimately failed to agree to the other party's request.
Walking out of the Sony Pictures headquarters building and as soon as he got into the car, Kirkland couldn't help but question Orwitz's decision.
"Just because of an irrelevant issue, we gave up our cooperation with Sony. Is it really worth it?"
Lit, who was sitting in the front passenger seat, looked at Orwitz in the rearview mirror, and saw that he had no intention of speaking, then turned his head and said in a positive tone: "I think it's worth it."
Kirkland thought Lit was deliberately arguing with him, so he asked louder: "Why?"
"Because we cannot just focus on the success in front of us and forget our original intention of doing so."
Litt's words confused Kirkland, while Orwitz, who was sitting beside him, showed a thoughtful expression.
Without interrupting, Lite continued: "From the situation of our negotiations with Sony just now, if we accept the conditions they proposed, it is very likely that we will succeed this time, and the price is only to sacrifice a 'insignificant' heroine, but if we really do this, we can only win the present, but we will lose the future forever!"
"Are you sure?" Although Kirkland didn't understand Lite's words very much, he could be sure of one thing, that is, Lite's words were not for him, but for Orwitz.
"Does Mr. Kirkland remember that you took me out of the police station and took me to see Mr. Orwitz. At that time, I said I would set up an agency and replace CAA's position in the industry... Maybe you just treat this as a joke, but I'm serious. Everything I've done over the past period of time is working for this goal, and you think the least important heroine in the entire bundling strategy of The Matrix is exactly what I think is the most important. If AMG successfully replaces CAA in the future, it won't be because of anything else, but only because of this."
Lite's words successfully aroused Kirkland's memories. He remembered that Lite did say that he wanted to defeat CAA, but Lite focused on how to achieve this goal by digging newcomers. The heroine he ignored seemed to be a newcomer, because she even went to the UK in person.
"Obviously, Sony also saw the huge potential contained in the movie "The Matrix", so they were targeting the heroine, because in such a unique film, the heroine does not even need too much acting skills to easily attract the attention of the audience. No matter who starred in this movie, it will receive great attention. For newcomers, becoming famous in one fell swoop is not difficult. Back to the topic we just discussed, why did I tie the film, director, and actors together and sell them to the film company. In order to obtain a higher share of the funding, that is only one of the purposes. More importantly, I want to make our own actors famous through such a bundle. If we make concessions now, this goal will be completely failed. At best, AMG will be a well-developed agency, but never imagined to be on par with CAA!"
"By raising new people to compete with CAA, are you sure this approach is really feasible? Well, even if it works, how long will it take to reach it, twenty or thirty years?"
Kirkland's question is very realistic. Now most Hollywood actors will have to wait until they are thirty before they can truly enter the golden stage of their careers. Then they can continue to star in the movies until they are fifty and sixty. Because they are dominated by these "old people" on the screen, it is difficult for newcomers to make a comeback.
It will be extremely long to expect to offset the advantages of CAA through "metabolism".
"In fact, it doesn't take that long, because while we successfully launch newcomers, those already famous actors will also be attracted by them. The reason is that newcomers can shine in our hands, and those already famous actors can of course go further in our hands. Once everyone forms this impression, we don't even need to take the initiative to attack, some artists will come to us. This is like a snowball. At the beginning, the volume growth rate is very slow, but the speed will be faster. As long as we can keep success, we will be stepped on by us in ten years!"
Kirkland was speechless and had to look at Orwitz beside him.
Orwitz smiled helplessly at Kirkland, although it seemed a bit reluctant.
"You don't have to look at me. Lite is right. Defeating CAA is the original intention of AMG!"
Even Orwitz said this, and Kirkland naturally didn't say anything anymore. He was just a lawyer and his business was not his expertise.
"What should we do now? Only Paramount has no contact with Universal. If they don't accept our plan, would we go to those independent production companies for help?"
Orwitz was silent, Kirkland then looked at Litt again.
Aren’t you very good? Let’s talk about it, what should we do now?
"Paramount probably won't be able to count on it anymore. The movie "Titanic" was invested by them and 20th Century Fox. James Cameron has been overspending again and again. They probably have a headache now. Let's not talk about investing in another film with uncertain future, but Universal Pictures can try to contact us..."
Before Lite finished speaking, Kirkland said "NO" loudly, but did not explain the reason.
Lite wanted to ask again, but Kirkland stopped him with a stern look.
In front of Orwitz, Universal Pictures has always been a taboo topic, but in fact Orwitz and Universal have a deep connection.
In 1988, Japan's Sony Company was preparing to enter Hollywood, invest in or acquire a large film studio in a full range. Orwitz was invited to serve as a special consultant because he deals with Hollywood film and television stations every day, knows the situation of each company, has a good relationship with the heads of major film companies, and he is also a rare negotiator and a super agent.
Large-scale mergers were originally the expertise of investment banks such as Citigroup, Merrill Lynch, and Goldman Sachs on Wall Street, but Orwitz accepted the challenge and quickly helped Sony target CBS. In October of the following year, Sony successfully acquired Columbia Film Entertainment for $3.4 billion, becoming the largest merger and acquisition of Japanese companies in the United States in history.
This merger and acquisition case caused a sensation in the entire United States at that time, and the media was in an uproar.
Because since the 1980s, major industries in the United States have been defeated by Japanese companies. The most obvious point is that Americans have driven Japanese cars one after another. Now, Japanese have even bought Colombia. You know, Colombia is a symbol of American film and television culture, and even registered trademarks are the Statue of Liberty in the United States, so many Americans are worried: Do the Japanese plan to seize American culture?
At that time, there was a widely circulated joke that it was said in a school class. The teacher asked who said the motto. The whole class was silent. A Japanese stood up and answered. After the teacher praised the Japanese students, Franklin criticized American students for not having more knowledge about the history of their country. At this time, an American student whispered: "Kill the Japanese." The teacher was very angry and asked loudly: "Who said it?" But he heard all the American students answer in unison: "Truman", which shows how disliked the Japanese at that time.
As the initiator of all this, Orwitz not only received a commission of $8 million from the deal, but Sony also intends to invite Orwitz to be the president of Columbia Film and Entertainment. However, Orwitz was reluctant to let go of the agency kingdom he worked hard at the time, and the two sides finally did not reach an agreement.
Following Sony, another Japanese company, Panasonic, is also preparing to enter Hollywood. They come to Orwitz, and then Orwitz recommends to them that Universal, which Sony has not been able to win before. However, due to the large scale of Universal, involving many interest groups, coupled with the attention of the media, the pressure of peers, and the uneasiness of many Hollywood giants such as David Geffen, and even reverse operations, Panasonic's marriage with Universal has almost become an impossible task.
But Orwitz did not give up. He spent nearly a year avoiding media tracking, secretly and frequently traveling between Japan and the United States, and connecting the two sides. Finally, in September 1990, Panasonic announced a $6.59 billion acquisition of Global, and Orwitz received $40 million in compensation, which not only made Hollywood colleagues jealous, but also looked at Wall Street.
Things are not over yet. Five years later, when Panasonic discovered that Hollywood was not fun and was about to withdraw, Orwitz successfully introduced Universal to Seagram, almost playing with the movie giant.
Like Ovitz who helped Sony acquire Colombia, Sigram also intends to hire Ovitz as the company's president. The difference is that at this time, Ovitz had brought CAA to what he thought was the pinnacle. It was no longer a challenge for him to stay in this agency, so he began to seriously consider accepting Global's requirements.
But at this time, Global made an unexpected decision. They hired another founder of CAA, Lang Meyer, as the company's president. At this time, Orwitz himself was negotiating with the parent company of Universal Film and Television. It is rumored that he would serve as the president of Universal.
Chapter completed!