Chapter 518 - 410: The Movie Premiere
Ryan Kavanaugh's party started off fairly normal, but the later part gradually degenerated into debauchery.
Fine liquor and drugs, striptease performances, tossing money around on the spot.
Kavanaugh even personally introduced two actresses to Link, hinting that he could do whatever he wanted on this boat.
Link declined.
After dating several girlfriends, his aesthetic standards had been raised considerably; ordinary beautiful actresses held no appeal for him in his eyes, and instead, when he encountered unfamiliar women, he would automatically keep his distance to prevent misunderstandings.
Link and the Ellison siblings watched the performance for a while, and when the cruise ship neared the wharf, they took the initiative to excuse themselves.
David Ellison wanted to stay overnight on the boat, but Megan kicked him off the ship.
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"How was the party today?"
"Not bad!"
By the end of work, Link happened to have time, so he personally drove to pick up President Ivanka from the Lionsgate company building.
President Ivanka wore a sea-blue blouse tucked into a pencil skirt, revealing her voluptuously sensual curves, which, paired with her cool and intellectual face and demeanor, made Link think she outshone all the women on the cruise with just one glance.
"Kavanaugh is not a decent person; it's best you don't get too close to him."
Ivanka's curvy hips pressed against the seat, as she undid her golden hair in front of the mirror, letting it cascade over her fragrant shoulders, filling the air with a trace of the scent of her hair.
"I know!"
Link nodded his head; he had seen some gossip about Ryan Kavanaugh in the newspapers.
Kavanaugh changed girlfriends frequently and was said to often engage in group activities in the office. Just on the cruise, he had offered a bounty of two hundred thousand US dollars for several models and actresses to disrobe, a typical playboy of the entertainment circle.
Although Link was also prone to lust and admiring beauty, he was not into that kind of play.
"How's the company doing?"
"Not bad, much better than I imagined."
Ivanka said with a slight smile, beginning to discuss the company's situation with him.
After taking office, Ivanka did not interfere too much with the company's projects, but spent nearly half a month getting to grips with the company's situation.
This included the film production department, distribution department, TV series department, international department, as well as the company's debt, and last quarter's losses.
Originally, when Link was in charge, he wanted to figure it all out, but it was a massive workload, and it was both time-consuming and mentally draining, so he handed it over to Ivanka.
Ivanka said that things were not bad at Lionsgate; since 2000, Lionsgate had acquired several film production and distribution companies and had also bought the rights to films and TV series under the production companies.
Lionsgate now had more than 12,000 film and TV episode rights in its library, similarly to music company album rights.
The company could earn over a hundred million dollars in cash flow every year just from these film and TV rights on TV networks and other channels.
Additionally, Lionsgate Films' distribution capabilities had greatly improved after acquiring MGM's distribution channels, not far behind Paramount.
Lionsgate Films' TV department continued to shoot "Mad Men" season five, "Nurse Jackie" season three, along with three other TV series, with the first two series performing well in ratings and generating around thirty million dollars annually from TV syndication and advertising revenue.
The film production department was also performing well; last year, it produced 22 movies, with 16 released in cinemas and 6 distributed via DVD.
Although they were mostly low-budget films with usually modest box office returns, the production capability was among the best in the independent film industry.
The only problem now was the lack of money.
This year, Lionsgate's movies didn't profit much, carrying a debt of 180 million US dollars, and the monthly interest and salaries were also a large expense.
The remaining funds available for film and TV production were less than 160 million US dollars, and the production cost of "The Hunger Games" alone was already a staggering 85 million dollars, leaving enough funds for just four to five more low-budget movies.
Considering the four movies already in production, Lionsgate Films would only release about ten movies next year, significantly less than half of the number of releases in 2010.
Link thought for a moment that ten movies weren't bad; as long as they made "The Hunger Games" well, along with "The Conjuring," "The Invader," and others, next year's box office for Lionsgate Films wouldn't be poor.
"If you come across any film projects with potential, don't let them go; we can continue to get loans if we're short on money, a debt of 180 million doesn't put much pressure on me," Link said.
Ivanka listened and smiled with curved lips, "We are new to the film industry, and there's a lot we don't understand. It's better to be cautious with our initial investments and not overreach in the beginning."
"You're right," Link agreed.
He took her hand and kissed the back of it.
Ivanka looked at him with a smile and leaned her head on his shoulder.
Following the "Endless" wrap party, Link accepted Paul Walker's invitation to attend the "Fast Five" celebration party.
The film was released on April 29th and earned 82.6 million US dollars at the North American box office during the opening weekend, setting a new record for the period.
In ten days, it grossed 300 million dollars globally and became the year's first summer blockbuster to exceed that mark worldwide.
Paul Walker also gained worldwide fame with this film, reaching the status of a top-tier movie star, with close to ten million dollars in remuneration per commercial film.
Link was happy for Paul, so he took the opportunity to give him a trouncing on the race track.
While "Fast Five" was hot in the theaters, "Bridesmaids," "Thor," "Seeking Justice," and other movies started their intense pre-release marketing campaigns.
Since Link was also featured on the posters with his character's image, he had no choice but to join the promotional team for a few events.
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