Chapter 801 Financial Crisis
In late August, the North American box office of "Transformers 2" reached a $400 million threshold, and the global box office was close to $900 million. Ryan also received his first share of the starring and producer. The amount of $70 million was transferred to Sandy's trust fund after the reserved tax amount.
At the same time, "Iron Man 2" released in early May officially dropped from North America, taking away a box office of $345.52 million, and the global box office has also crossed the threshold of $700 million, with great hope of hitting $800 million.
After the North American box office of "Robot Vari" exceeded US$200 million, the growth figure became extremely slow. According to the box office trend, North America should eventually win more than US$220 million, and the global box office was about US$530 million. Disney's idea of making a profit through the box office will inevitably fail.
Fortunately, although the sales of the film's peripheral products are not very good, they can always be sold a lot, as well as subsequent revenue from DVD video tapes, online on-demand and TV copyrights, so there is no problem in achieving profitability.
"Robot Walli" and "Transformers 2" can be said to be two extremes. Telling a good story may not necessarily win the market. However, the possibility of making movies based on the current market needs is significantly higher.
No one can deny that "Robot Wall" is much better than "Transformers 2". However, the two sides have at least two levels of income they bring to the production company.
Ryan is not a simple actor. He represents the interests of Disney, a huge business group. Especially at this stage, Disney must come up with beautiful profit figures to overcome the next difficulties.
As September begins, the shadow of the financial crisis immediately overwhelms the entire North America.
Since August 2007, the Federal Reserve has predicted the possibility of a crisis, and they injected liquidity funds into the financial system to increase market confidence. The US stock market was also maintained at a high level, and the situation did not seem very bad.
However, in August this year, the stock prices of two major U.S. mortgage giants, Fannie Mae and Freddie Mae, plummeted, and financial institutions holding "two-house" bonds suffered large losses. The US Treasury Department and the Federal Reserve were forced to take over the "two-house" to show the government's determination to deal with the crisis.
But what followed was that the former was forced to file for bankruptcy protection, while the latter was acquired by Bank of America; Aig, the world's largest insurer with a total assets of up to $1 trillion, was also unsustainable. While choosing to take over Aig to stabilize the market, the US government said that it was "unable to help" to other financial institutions.
This is only part of the outbreak of the crisis, and the stock market began to turmoil due to the impact of the financial market.
The big Hollywood companies are basically listed companies, and they inevitably suffer shocks. For example, Walt Disney, despite a series of films selling well and the opening of Disneyland in the Far East, its market value has still declined by nearly 11% in the short term.
However, the company has been prepared for a long time and has abundant cash flow. The response measures are appropriate. In addition, in recent years, almost all have been investing in production and distribution. There is no complicated guarantee and debt relationship, so the impact has not been particularly large.
Although there will be losses, under Ryan's advance warning, Disney's losses are relatively limited.
Giants in other industries, especially the financial industry, were not so lucky. By mid-September, the only two remaining investment banks on Wall Street, Goldman Sachs Group and Morgan Stanley, had to apply to the Federal Reserve to transform into a bank holding company to avoid risks.
As Goldman Sachs and Morgan Stanley transformed into commercial banks, the traditional "Wall Street Investment Bank" disappeared as a historical term.
The federal government and the Federal Reserve proposed a series of bailout plans, but it aroused public dissatisfaction.
Sixty-five percent of the American people opposed the government's aid plan. They believed that large banks first advocated capitalist laissez-faire expansion, but now something happened but they asked to pay the treasury money to save the capitalists of large banks in a socialist way. However, the people were unemployed, credit bankrupt and houses were lost.
This also laid the groundwork for the subsequent occupation movement early.
As the media group second only to "Time Warner-American Online" in the United States, Walt Disney has successively appeared representatives of the White House and Wall Street in Burbank's headquarters. Ryan's phone number was almost blown up, especially the Jewish group on Wall Street, which strongly requested the media to release guiding public opinion that the market began to improve stably...
The White House chief of staff and the head of the New York branch of the All-American Jewish Association visited Jenkins Manor one after another. Faced with the favors given by the other party, Ryan naturally would not push it out.
To be precise, they belong to the same class, and safeguarding the interests of this class is a necessary choice, not to mention that Wall Street can owe a big favor.
How can we divert domestic conflicts? The best way is to find an enemy from the outside. The economic crisis has a huge impact. The public in the United States cannot be completely fooled by the media. If a public enemy appears, it will definitely disperse some of the complaints about Wall Street and the federal government.
Just as major media groups including Walt Disney and other agreements with Wall Street were looking for suitable external conflicts, someone hurriedly jumped out and acted as the best target.
"This is the punishment of Allah, this is a disaster that Allah has come to the Americans, and it is the consequence of Western countries' sanctions on Iran. Americans must pay the price for their stupid behavior!"
On September 20, at the Organisation of the Petroleum Exporting Countries, Iranian President Mahmoud Ahmad Ahmadinejad made remarks against the United States.
The whole world is used to this kind of thing. If Iran jumps out from time to time and shouts, that would be a strange thing.
But Ahmadinejad was obviously prepared and did not come to the OPEC conference to fire the empty gun.
"The West has obtained our oil, but it has given us a worthless waste paper - the US dollar! In order to cope with the economic crisis caused by the depreciation of the US dollar, Iran will convert a large part of its foreign exchange reserves into other currencies."
Even Ahmadinejad strongly called on OPEC to launch a new currency by itself, "We should establish the Organization for Economic Cooperation and Development and Trade Banks, and conduct monetary cooperation, use the 'single currency' to trade among member countries, and then implement it in other countries and neighboring countries."
It sounds like this is a very good suggestion, but no one responds. If OPEC really launches its own currency, what will the United States react? Not to mention that there are constant disputes within the members, even if an agreement is reached, war will probably break out in the Middle East immediately.
Iran and Ahmadinejad are obviously trying to drag all OPEC members into the black water and treat OPEC as a shield for the hostility of the United States and even the entire Western society towards Iran.
The news came back to North America, and mainstream media reported on Iran's rebellion. This public enemy of the United States occupied important sections on paper media, television, radio and the Internet. In the exaggeration of mainstream media, it seemed that the position of the US dollar would be disintegrated in the next moment, the economy of the United States completely collapsed, and the evil and tyrannical Iranians would completely occupy North America.
To a certain extent, the news of Iran hyped by mainstream media has dispersed some of the people's resentment towards Wall Street.
At this moment, the Pentagon announced that a training ship arranged in the Persian Gulf was hit by an Iranian ship, injuring three soldiers. The training ship had to be abandoned due to serious damage and finally sank in the Persian Gulf.
Once the news was announced, the entire North America was in an uproar. ABC TV and other Disney-controlled media were the first to shout out the voice of sending aircraft carrier formations to the Persian Gulf.
The cloud of war shrouded over the Persian Gulf diluted part of the impact of the economic crisis in North America.
"The US dollar's status as a world currency is not only related to the interests of the whole United States, but also to the interests of every ordinary person."
Looking at Taylor holding Sandy, Ryan continued to Nicole, "The last one who wanted to challenge the dollar status was the euro. As a result, the Kosovo war broke out and the euro lost the best chance to challenge the dollar."
"So..." Taylor's eyes left Sandy and looked at the couch here, "Has Iran violated our bottom line?"
"It can be said so." Ryan waved to his daughter who smiled. "The US dollar's status as a world currency is not only related to the interests of the federal government and Wall Street, but also to the interests of each of us. Therefore, Iran has touched the most sensitive nerve in the United States."
"The ship that sunks the Persian Gulf..."
"It doesn't matter whether it is true or false." Ryan interrupted Taylor, "What's important is that the training ship has sunk to the bottom of the Persian Gulf. In Western media reports, the Iranians were still sank, which is enough to divert the attention of many people and the sharp contradictions within Western countries."
"You always say these things to Alison." Nicole couldn't help but complain.
"It's okay, I like these things." Perhaps Sandy took a bite, and Taylor exclaimed and kissed the little guy, "I will protect Sandy in the future."
"Will the federal government send aircraft carrier formations?" Nicole was not uninterested, "Is there really a war going on in the Persian Gulf?"
"It shouldn't be the short term." Ryan shook his head, "George Bush is about to step down, the economic crisis is still raging, and the government does not have that much energy, but..."
"It's hard to say when the impact of the economic crisis decreases." Taylor suddenly took over Ryan's words, "This is only a temporary shift of some contradictions. After a while, the public will find that their lives have not improved substantially, or even worsened, and will definitely target Wall Street again. If Iran makes provocative actions again at that time, Iran must be happy to see a local war on the outside world."
"Iran is the best target and the most suitable candidate for the blame in America." (To be continued...)
Chapter completed!