Heads Up Hollywood
Chapter 27: $100 million in dividends
When Dunn returned to the United States, it was already late July.
"Titanic" has been released for more than two months. Under the witness of all Americans, Dunn Walker's prediction is coming to reality step by step.
The first ever film to exceed $1 billion at the box office was born!
The North American box office is 490 million, the overseas box office is 660 million, and the global box office is 1.15 billion US dollars. The phenomenal movie "Titanic" has far surpassed the "Star Wars" and "Jurassic Park" brought to the world. shock!
Even many hostile countries of the United States have been released. Even the other side miraculously put down the big scissors and presented every picture and every shot of "Titanic" on the big screen intact.
A movie can break the system of a country, this is the power of "Titanic"!
And Dunn called his agent William Mihawk, and it was time to ask for a dividend.
Dunn can take 10% of the global box office share from the movie, which can be estimated to be between 180 million and 190 million US dollars.
However, it is a common practice in developed countries around the world that high incomes have to bear heavy taxes.
Dunn has consulted specifically for this. Now the Democratic Party is in power, and the personal tax is very high.
With his personal income, he is subject to 39% of the highest-level federal personal income tax, 9.3% of California personal income tax, plus social insurance tax, medical insurance tax, pension insurance tax and many other taxes, and he needs to pay about 49% of his total income in total.
No doubt, this is an astronomical figure!
There are many ways of tax avoidance, but for the current Tang En, it is not feasible at all. He must invest in special high-tech, donate to charitable funds, set up overseas offshore companies, etc...
These are all nonsense. Putting such a large sum of money on hold for a long time is just to avoid taxes. It is better to put the money into the stock market!
Although Dunn didn't know much about the stock market, he also knew the madness of Yahoo's stock market. The stock market crash in 2000 caused a blockbuster among several major companies such as Google, Facebook, and Apple.
1997 was without a doubt the best time to invest in Yahoo stock.
Of course, the first thing was to ask Fox Pictures to get the dividends back, but the reply from his agent William made him very dissatisfied.
"Dan, your request doesn't conform to the industry rules, it's very difficult to handle!" William's tone was very embarrassing.
Tang En was very upset, "It's only right and proper to pay your debts, William, this is your job!"
William sighed: "Don, you probably don't know much about the operating mechanism of Hollywood. Generally, the box office dividends for producers, directors, and actors are distributed only after the film is released. Now, "Titanic" "It's only been released for more than two months..."
Dunn almost exploded!
Are you giving out dividends after the release? The day lilies are cold. God knows how long will Titanic be shown? The previous life "Titanic" was shown in the cinema for a whole year!
"No! I need funds now, and I need them urgently!" Tang En's tone was unquestionable, the investment opportunity was right in front of him, and one minute later, he didn't know how much he would lose.
William Mihawk persuaded: "Dawn, I have just consulted with the financial department of Fox Films. The total funds collected by "Titanic" are only 200 million, and they still have big projects to operate. , it is impossible to come up with a large sum of money to pay your dividends.”
Dunn was disappointed again with this agent.
If it weren't for the fact that he was a CAA agent, he would definitely be fired this time.
It's just that Tang En is still very weak now. It's best not to provoke a giant company.
Don't think about William Mihawk's help. Dunn personally came to the door and found the financial department of Fox Pictures. The answer was that the company's president Tom Rothman personally ordered that the funds should be withheld, and part of the debt had to be repaid. , part of which is to invest in new projects.
Dunn didn't listen to his reason at all, just noticed the name "Tom Rothman".
It was this guy who broke the news about his affair with Kate Winslet.
Dunn didn't say a word, he turned upstairs and went to Bill McNick's office.
Bill McNick showed extraordinary enthusiasm and welcome, and even poured a cup of coffee for Dunn himself, "Don Dunn, accepting you as the director of "Titanic" is the wisest decision I have ever made in my life!"
The global box office has exceeded one billion, what a sensational and inspiring experience!
Dunn waved his hand, "Bill, I'm not here today to take credit, but to collect debts."
Bill McNick was stunned for a moment, then smiled, "Dividends? Haha, money is tight? Young people, I didn't say that... You have to be disciplined, especially some things you must not touch!"
Tang En turned green and said with a wry smile: "Bill, you misunderstood. I just want to get back the dividends I deserve, and then... open a movie company."
Bill McNick obviously doesn't believe such nonsense. How much does it cost to start a company? He smiled at the moment: "Okay, do you need my help? You can put your studio under the name of Fox Pictures to facilitate your operation."
If it were another filmmaker, it would be a great kindness, but Tang En is different, working for Fox Pictures? He wasn't in that mood.
"That's not necessary, I have my own movie idea." Tang En politely declined, "To be honest, Bill, I need money now, and I need a lot of money."
Bill McNick is a little confused: "You may know about the situation of Fox Films. In the past two years, a lot of money has been put on the project of "Titanic", and now some funds have finally been recovered, and another one has been made. He used it."
Tang En sat up straight and said sternly, "Bill, just do me a favor. I need it urgently now."
Bill McNick took a deep look at Dunn and pondered for a while, "How much do you need? There's too much... I can't move it either."
"One hundred million will do!"
According to the current global box office, Dunn can get 120 million US dollars, but he only demanded 100 million US dollars.
In total, he can get more than $180-190 million in dividends, throw out tax expenses, add a part of the tax refund, and only $100 million is his net income.
Fortunately, in the United States, tax returns are made in mid-April every year. Dunn can wait until after the movie is released, and then file the tax return directly with the second dividend, which will not affect his planning.
"This number... is not small." Bill McNick sighed, slightly embarrassed.
Dunn said: "Bill, I said that this movie has a guaranteed box office of 1.8 billion US dollars, so... Fox Pictures will not be short of funds in the future."
The cryptic hint in the words is that I have brought great success to "Titanic" and relieved your work pressure!
"Well, within five days, UU Reading www.uukanshu.com 100 million dollars will be credited to your account."
In the end, Bill McNick wanted to accept Dunn's favor and pay his dividends in advance, which could be regarded as a reward for his past work.
"thanks."
Dunn's tense face finally smiled.
…
Three days later, the funds arrived.
Dunn was not in a hurry to open a stock account in New York, but was thinking about whether he had lost something important...
Suddenly, the agent William Mihawk called, "Dawn, there is a project now, I don't know if you dare to be interested."
"A big project?"
Tang En raised his eyebrows. He had already stated that he was not interested in investing 18 million in independent films!
"That's right, it's a big project, New Line Cinema's "The Lord of the Rings" trilogy!" William's tone was loud, but his voice was calm.
Dunn was stunned for a moment, "The Lord of the Rings"? how can that be?
"Isn't that Peter Jackson's project?"
"That's right, Peter Jackson is the director of the movie."
"Huh?" Dunn narrowed his eyes, a little displeased, "Producer? How much is the salary?"
"No, no, Dunn, you misunderstood. The position invited by Peter Jackson is not a producer. He has no such power. The position he invited is an assistant director."
"Deputy director?"
Tang En thought that his ears had heard it wrong, and his eyes widened inconceivably.
Peter Jackson's frame is too big, right?
Let me, the director of the world's No. 1 box-office movie "Titanic", run errands for you as an assistant. Are you bullying people or making fun of me?
Anger instantly appeared on Dunn's face.
unacceptable!
Huh? and many more!
It's not right...
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