After returning to the United States, Summer signed an agreement with Kirk Kerkillian, paid the money, and officially won the MGM Pictures and the MGM Grand Hotel.

Summer is about to merge MGM Pictures and Columbia Pictures. After the merger, the company name is still called Columbia Pictures, and MGM Pictures' signature will also be retained, specifically used to publish some special movies, such as horror films, r-level films, b-level films, etc.

A film giant has several branches that publish different types of movies, which is quite common in Hollywood. For example, Searchlight Film, a subsidiary of Fox, specializes in distributing non-mainstream and low-cost small films, such as "The Six Heroes of Light Pig", "Ice Storm", "Birdman", "The Little Beauty of the Sun", "Slumdog Millionaire", etc., are all released by Searchlight Film.

Disney's touchstone company mainly publishes adult-oriented movies, such as "Red Dead Redemption", "Ghost Story", "Pearl Harbor", etc., which are responsible for the release. Disney Entertainment focuses on "family fun" and "children-oriented" movies.

MGM Pictures and Columbia Pictures merged, so that the two companies will become one, which is convenient for management and also facilitates resource integration. For Columbia Pictures, MGM Pictures's film library, sets, and cinemas are still of certain value.

...

Just as the summer was busy integrating MGM Pictures and Columbia Pictures, it was gradually coming to May. American Online paid his last fund and completely completed the acquisition of Tianxia Production.

"The goods have been sold, no refunds will be made!" Xia Tian said in a relaxed mood after receiving the last sum of money.

Fortunately, when the Internet bubble collapsed, there were still so many investors who were blindfolded and hugging money into the stock market, which slowed down the speed of the bubble collapse. Otherwise, I'm afraid that the United States Online would not be able to pay the last 30 billion US dollars.

And the 30 billion US dollars continued to invest in the stock market in the summer, and they were still shorting the Nasdaq index.

At the same time, Xia Tian's media changed its previous attitude of popular Internet support and instead revealed and criticized it on a large scale.

For example, in this Internet boom, many companies deliberately added stock names to the name of the stock in order to gain popularity, misleading investors to think that they are Internet-based and buy their stocks. But in fact, they have nothing to do with the Internet.

Although some Internet companies have been losing money for years, their market value has been thriving because of their good story. Many ignorant investors have fallen into their evil spirits and buy their stocks, but it is very difficult to make a profit.

For example, the company is a company that helps users order air tickets online. It claims to be able to help users book cheap air tickets, but in fact, most of the air tickets are purchased at the original price, so they not only do not make money, but also have to pay users' money.

In addition, in order to attract airlines to cooperate, they also have to give out options worth tens of millions of dollars, so it is a totally losing money and gaining publicity.

But even such a company has a market value after listing, which is even greater than that of several major airlines such as United Airlines and Southwest Airlines.

This shows how serious the Internet bubble is, which also lays the groundwork for its future collapse.

Although these problems have existed for a long time, during the rapid development of the Internet, most people only want to make money, so they ignore those problems and even help them cover up.

Nowadays, due to the continuous decline of the Nasdaq index, people's feverish minds are gradually beginning to calm down.

At this time, when Xia Tian’s media exposed it again, these problems could no longer be concealed and were all exposed at once.

The exposure of these problems quickly intensified the situation.

People originally had certain fantasies about the Nasdaq index, believing that its decline might be just a temporary adjustment. But now people finally understand that the entire Internet boom is just a big scam.

So the people who woke up sold their stocks one after another, fearing that they would be too late and the stocks in their hands would become waste paper.

But at this time, investors have all come to await the truth of the Internet bubble and have completely lost confidence in it, so no one can take over no matter how the stock price falls.

The stocks sold more and took fewer, causing the stock prices of major Internet companies to fall wildly. For example, Cisco's stock price fell from 84 to 13, Amazon's stock price fell from 113 to below 10 yuan, infospae fell from 1,306 to 22, and American Online fell from 81 to 35 US dollars...

The Nasdaq Index fell from 4,500 points to 3,200 points within a week, plummeting by 1,300 points, almost halfway.

The stock exchange was in a panic and mourning, and the savings of countless people throughout their lives were gone. Even Wall Street investors, who have always been cunning, lost their money this time. For example, the Zion Presbyterian Church suffered more than $30 billion.

In fact, this is also their own consequences.

At the beginning, they learned to invest in the Internet industry in summer, but they didn’t know which websites are worth investing in, so they followed the pace of summer to invest.

What kind of websites do they set up in summer? Which website do they want to acquire in summer? Which websites do they also buy in summer? This has ruined several orders in summer.

So later, the summer used the trick and deliberately tricked them into acquiring several junk Internet companies. At the beginning, because the Internet was popular, their investments all returned generously, which made them very happy and increased their investment in the Internet.

Now, just in time for the collapse of the Internet bubble, the stock prices of their Internet companies that successfully listed plummeted. Before they could go public, the road to iPo has been completely over.

Due to the collapse of the Internet bubble, securities companies will no longer promote Internet companies to go public for a long time in the future.

There is no way to ipo, they will not be able to cash out. In this way, they either choose to continue running the company or they can only choose to close the door.

If they continue to operate a company, they have to continue to inject capital into the company, which will cost them a lot of money. And even if they operate, they will encourage them to maintain it, and it is difficult to make money.

Because in the next few years, due to the collapse of the Internet bubble, advertisers have extremely low trust in Internet companies and it is impossible to spend high prices to place advertisements, so their revenue will drop sharply.

But if they do not continue to operate, their previous investment will be in vain. Because the Internet fever has subsided, it is difficult for them to find new buyers in the Internet companies they have, and there is basically no possibility of making a profit.
Chapter completed!