Chapter 1117 Unstoppable
In the week before Easter, the tragic stock market crash eventually led to a 24% decline in the Nasdaq in five days. The Nasdaq index plummeted from its highest level of 7045 points on March 24 to 5346 points at the close of Friday, March 28. The total market value of Nasdaq therefore plummeted from a maximum of 9.3 trillion US dollars to 7.1 trillion US dollars, equivalent to the $2.2 trillion wealth of the sum of the GDP of the two major countries in 1996, and it evaporated in just five days.
The capital market is in sorrow.
The liquidation of Tiger Fund in February injected another dose of adrenaline into all long capitals that were still optimistic about the Internet industry, which triggered a variety of buying and building positions in a short period of one month for technology stocks, including a large amount of financial leverage.
If you take over the highest position, tragedy will be inevitable.
For five consecutive days, there have been no less than 20 suicides among investors around the world due to the Nasdaq collapse. More millionaires, like the Tiger Fund that collapsed a month ago, returned to the pre-liberation overnight.
In this stock market crash, the worst loss was undoubtedly a young tycoon with a peak net worth of $2.3 trillion.
Compared with the overall decline of 23% in the Nasdaq in a week, Simon's personal net worth has fallen by 31% in total, and as of Friday's closing, there was only US$1.6 trillion left. In just five days, the loss reached US$700 billion, which is equivalent to one person resisting nearly one-third of the Nasdaq's market value loss.
Very tragic.
Of course, this is just the tragic situation on the books.
Even when many spectators who were inexplicably gloating were celebrating the "collapse of the oligarch", a little rational person could still see that even if personal wealth evaporated $700 billion and $1.6 trillion in personal assets were more than $100 billion higher than the 1.5 trillion US dollars of Forbes' US 400 Rich List last year.
Even if Simon Westeros’ personal net worth drops to less than 1 trillion US dollars next?
The other party is still a super rich man in this world whose personal net worth is far higher than the second place on the list. Ordinary people will never be able to compete with each other for ten lifetimes.
Unlike most investors who are anxious and even going to extremes when they see their new technology stocks depreciate day by day, Simon is indeed the most peaceful and indifferent in this storm.
While continuing to work together to fulfill a quasi-father responsibility among a group of pregnant women, the Westeros system has begun to form a financial audit team led by Veronica Johnston these days, intending to conduct a comprehensive investigation and sorting out companies such as Igrit, Cisco, and American Online in the Westeros system from April.
Simon is confident that the Westeros system that he has always been closely watching will not have serious financial loopholes like the once Anron and Worldcom, but he is also very clear that there must be many small-scale problems.
Doing this is actually equivalent to repairing the house before winter begins.
Prevent it before it happens.
Then, as the Internet winter officially enters, Simon will start large-scale layoffs and completely purify the impetuousness of the company that inevitably brought about by the surging new technology bubbles for several consecutive years, so that after the winter, companies such as Igret can further flourish and hit a higher peak.
At the same time, as Easter weekend, a series of new products from Tinkobaier officially started selling in major global markets.
The previous week's pre-sales, iPlayer, iCam, iRec, iMac and other series of major products, including iPlayer, iCam, iRec, iMac, etc., have accumulated a total pre-sale volume of 12 million, both online and offline platforms in North America and abroad, becoming a very eye-catching favorable factor in the context of the Nasdaq collapse.
Throughout the weekend, a large number of media were tacitly promoting Tinkobaier's hot pre-sale data, and predicting that Tinkobaier's four main electronic products in 1997 will exceed 150 million units, catching up with the total global PC shipment volume, creating another miracle.
In fact, even without this momentum, Tincobaier's share price decline in the past week was the lowest among all new technology companies, with a cumulative decline of only 8.3% in five days.
On the other hand, for most ordinary people, the distance between stock market crashes and them is a bit far.
This period of time is closely related to life. Easter is still the same.
Similarly, in Hollywood, the Easter schedule is the most concerned.
Around the 69th Academy Awards ceremony on March 24, the box office of films such as "The Patient in the UK" that won the grand prize and "The Catcher of the Mind" that increased their exposure rebounded. However, these films that were basically in the final stage have already left the competition in the Easter schedule.
Among them, the local box office of "The Patient in the UK" has exceeded US$70 million. With the newly won Best Picture Oscar, it is expected to earn about US$10 million in the future, with the total local box office of around US$80 million.
At the same time, "British Patient" officially launched an overseas distribution led by Daenerys Entertainment's main agent after the Oscar.
This is actually the big one.
Relying on the halo of Best Picture of the Oscar, the former "British Patient" had a box office of more than $150 million overseas, almost twice that of the local area, and this time it would not be much different.
Another movie "The Mind Catcher" has recently had a local box office of nearly $160 million. The only winning of the best original script at the Oscar makes the movie withdraw from the theater ranks soon, with the expected total local box office of around $165 million.
As for the end of last year's release of "Wonder Woman 2", "The Brave Game", "Charlie's Angels" and other films, with Easter approaching, in order to free up screen resources for the new film, they have been removed during this period.
In the Easter schedule that started on March 21, a total of three new films in North American theaters were released, namely the Jim Carrey comedy "Cable TV Repairman" produced by Daenerys Entertainment, "Alien 2" released by MGM and the TV series of the same name "King Kong Warrior".
Among the most popular "Cable TV Repairman" and "Alien 2", the starts were obviously not very good.
After all, it spent $35 million in budget and $15 million in publicity and promotion. Even if there are conflicts in private, the work should be done. The Daenerys Entertainment Promotion and Distribution Team created a gimmick for "Cable TV Repairman". However, the film's media score was only a 6.2 mark that was just a passing rating, which obviously had a public relations element.
The long-awaited "Alien 2" encounters are basically similar.
The plot of the story goes from the pursuit of aliens in the first part to the two generations of aliens in the second part. Although the budget has increased to US$40 million, the production team is more attentive and Simon has personally advised it, compared with the comprehensive score of 4.3 points in the first part, the media comprehensive score of this sequel has only slightly increased to 5.5 points, but it still failed.
The Hollywood Reporter commentary pointed out the key to the sequel's not recognised by the critics: assembly line popcorn without any connotation, and too much meat selling.
The reality is that it cannot stop the audience from watching it!
Two beauties were tearing each other naked on the big screen. Who can stand it?
Therefore, in the first week of the Easter period from March 21 to March 27, in rumors that MGM was able to lower it from NC-17 to R-level due to multiple modifications due to the exposure of the scenes, "Alien 2" opened the screen with 2,619 yuan, and won a box office of US$33.14 million in seven days in the first week, easily reaching the top.
As the first film of the packaging project plan led by Simon, the result of "Alien 2" was a good start.
The production budget of the film is US$40 million, and the publicity and development expenditure is US$15 million, totaling US$55 million. It starts with US$33.14 million in North America. Although it is definitely difficult to recover locally, global distribution is very likely to recover the entire budget.
And the big head of this project is actually a videotape.
Not to mention that the videotapes of the "Alien" series in Simon's memory are booming, this time, the first song of "Alien" three years ago has proved this.
The first "Span-Rabbit" has a local box office of over 60 million, with a cumulative global total of US$110 million, which has achieved profitability. However, subsequent videotape sales have sold 4.6 million boxes so far, close to US$140 million in sales, which is higher than the global box office.
In addition, the video's TV broadcast revenue is also very rich.
What Simon was worried about was that the project sequel would be coldly accepted in theaters like "Alien 2" before, so it was delayed. Now, the reconceived "Alien 2" earned $33.14 million in the first week, which means that "Alien 3" can be launched directly.
Because the combination of the two plots is already considered a mini alien film universe.
In recent years, Hollywood's concepts about the cinema universe may be somewhat rampant, but it is an appropriate description for "The Alien".
Let’s talk about the box office list.
Following "Alien 2", "Cable TV Repairman" ranked second on the weekly list with a box office of $27.07 million.
Although he has a mediocre reputation, Jim Carrey's box office appeal has accumulated over three consecutive blockbuster movies. Even though many movie fans expressed their dislike of Jim Carrey's transformation after watching the movie, the box office is still considerable, with only local box office, and it depends on the subsequent trend.
The third place on the list is "BJ Single Diary".
This love film, which caused a strong response in both Britain and the United States, was hit by two new films in the sixth week, with a drop of 32%. The box office in a single week fell within the range of tens of millions of dollars, earning 8.37 million US dollars, but the cumulative box office has reached 122.53 million US dollars, temporarily ranking in the 1997 annual championship.
The fourth place is "Star Wars 3: Return of the Jedi", which was re-released last week. After earning $16.29 million in the first week, the film was also impacted by two new films the next week, with a box office drop of 54%, and an additional $7.51 million.
Unlike the box office sales when the first episode of Star Wars was re-released two months ago, Star Wars had a total of 23.8 million US dollars in 3 weeks, and the total local box office is expected to be only over 30 million. Obviously, the more you sell your feelings, the less you will be.
The fifth place is not Fox's new film "King Kong Warrior", but Disney's urban comedy "Barry City", starring Hollywood comedy star Tim Allen. The creativity is similar to the "Crocodile Dundee" that was sold in the 1980s, telling the story of the "primitive man" breaking into modern cities.
The film started on March 7, and in the third week of its release, it earned $6.01 million, with a cumulative box office of $28.17 million. Although the production budget reached $30 million, it is expected that the local box office of $40 million is also good in such an unpopular period.
As for Fox's "King Kong Warrior", he ranked 8th on the list after several other old films.
This child-oriented science fiction movie similar to the later "Dinosaur Team" cost 45 million US dollars. It was a little ambitious, but it didn't even splash at all. It earned only a pitiful $3.01 million in seven days in the first week, and it completely hit the bleak level where Murdoch had to cover his heart.
Chapter completed!