Hollywood starts with an agent

Chapter 488 News Corporation's Lagging Behind

Aaron had no interest in South Korea's so-called "donation to save the country." South Korea currently has hundreds of billions of dollars in foreign debt, but its foreign exchange reserves are already depleted.

How much gold could the South Korean people possibly have if they donated it? At the current gold price, 100 tons of gold wouldn't even be worth $10 billion!
New York, Manhattan. The afternoon snow had just stopped. In a Hudson River apartment in the West Village, Aaron sat on the sofa, adding wood to the fireplace. The firelight illuminated Aaron's face.

"The NFL has agreed to let me form a new team in Los Angeles; now the main issue is the new stadium."

"You need to speed things up. If there's no feasibility report within six months, the alliance will hold another vote!"

Aaron was on the phone with Jack Wells.

"Don't worry, the land grant for Inglewood will be issued soon, and we're already looking for someone to design the new stadium!"

"That's good."

Has the name of the new team been decided?

"I've made up my mind, the Los Angeles Stars!"

After putting down his phone, Aaron sighed. There were just so many things to do these days.

A moment later, Nicole Kidman pushed open the door and walked in. "Aaron, you've been nowhere to be seen lately!"

After filming "Notting Hill" in the UK, Nicole Kidman also returned to Australia.
She is currently starring alongside Sandra Bullock in a fantasy romantic comedy film called "Witchcraft and the Beast".

Aaron waved his hand. "Was Australia significantly affected by the Asian financial crisis?"

"Well, there's definitely an impact. The Australian dollar's exchange rate has become more volatile, affecting Australia's import and export trade."

"The stock market has also fallen, but it's much better than in other Asian countries!"

Actually, Nicole Kidman herself doesn't think Australia has much of an impact; it's just advice from investors.

"That means it won't have much of an impact," it's normal for import and export trade to be affected.

"Yes, you've been paying close attention to the Asian financial crisis lately!"

Nicole Kidman sat in Aaron's lap and kissed the man.

"Right now, is there anything more important than the financial crisis?"

Aaron nuzzled against Nicole Kidman's neck, kissed her lips, and then reached into the woman's shirt to feel its softness.

Nicole Kidman responded passionately to the man's wet kisses, while unbuckling Aaron's belt...

In mid-December, the highly anticipated disaster romance film "Titanic" began its theatrical release!

The film only grossed $2800 million in its opening weekend, leading to widespread pessimism from the media.
Although it was higher than the $26 million opening weekend gross of "Tomorrow Never Dies," which was released at the same time.

However, Titanic received much better reviews than Tomorrow Never Dies, and the return on such a huge investment was too low.

It's worth noting that the comedy horror film "Scream 2," released on Halloween, grossed over $3000 million at the opening!

Currently, Scream 2 has grossed over $90 million at the North American box office, and it will undoubtedly surpass $100 million.

Los Angeles, Burbank, Dawn headquarters. Aaron leaned back in his chair, flipping through the reports in his hands. The profits from the Asian financial crisis were truly gratifying!
The exchange rate of the Korean won has fallen to more than 1900 to 1 US dollar, and Aaron's total profit this time exceeded 30 billion US dollars.
Most of it comes from the South Korean foreign exchange market, stock market, and stock index futures!

Evening, Fairmont Century Plaza Hotel.

At a Hollywood ball, Aaron chatted with Rupert Murdoch, "Fox acquired Los Angeles Dodge, congratulations!"

Recently, Fox Entertainment acquired the long-established baseball club from Peter O'Malley for a hefty $3.1 million, officially entering the sports industry.

Rupert Murdoch smiled and said, "We run sports clubs for different reasons; this is just part of a media conglomerate."

Aaron smiled without saying a word, "That's true!"

"By the way, Aaron, nobody's optimistic about Titanic's performance; it might set a new Guinness World Record for the worst-performing film."

"You don't seem to care much?"

Aaron simply shrugged. "There's nothing to worry about. Titanic has a great reputation. Let's take it slow!"

Of course, for Dawn, even if there are losses, this level of failure is still within acceptable limits.

Rupert Murdoch nodded; Twentieth Century Fox did not have the highest share of revenue within News Corporation.

News Corp.'s focus is still on television stations, such as FOX, FNC, and Sky UK.

However, this year, Fox Searchlight Pictures, a subsidiary of 20th Century Fox, invested in and distributed a British comedy film called "The Full Monty," which was a great success.

"The Full Monty" grossed $4500 million in North America and $2.5 million worldwide, performing similarly to Dawn's "Mr. Bean's Great Disaster".

"As the driving force of a media conglomerate, a film company wields considerable influence."

"Shuguang's film and television business has consistently demonstrated overwhelming dominance, which is truly enviable!"

News Corporation holds a dominant position in the television and newspaper industries, but it is somewhat weaker in content production.

In the content field, Dawning is absolutely dominant, but its TV distribution business is not very strong. However, it has Universal Studios theme parks and resorts, which can expand its entertainment industry chain.

Aaron smiled. "The cable television industry is developing very rapidly, and Fox has taken the lead."

"Shuguang is also preparing to increase its investment in cable television networks!"

AMC, a cable television network, will continue to add several cable and satellite channels, and will not only continue to develop original dramas, but also variety shows, reality shows, and more.

Furthermore, Aaron is also planning to launch a premium pay channel under AMC to compete with networks such as HBO, Starz!, Showtime, and Bravo!

“Aaron, your ambitions are quite large as well. Dawn’s current industrial layout is already very extensive.”

Aaron took a glass of champagne from the waiter's tray and took a sip. "The media and entertainment industry involves many sectors," he said.

"Especially the trend of mergers between television stations and film companies; comprehensive and diversified conglomerates are what everyone is pursuing, aren't they?"

Of course, with the development of the internet, Aaron will soon clean up the group's print news and publishing business, including radio and television.
Cable and satellite television, as well as internet communications, will be the focus in the next phase!
Rupert Murdoch glanced at Aaron with a hint of helplessness. Dawn's development was too rapid, and News Corp.'s backwardness was now comprehensive.

Aside from its leading position in wireless broadcasting networks, newspapers, and publishing, it lags behind in other areas such as film, television, music, international distribution, gaming, cable television, and theme parks!
(End of this chapter)