America's Road to Fame

Chapter 395 Hastings' Suggestion

After continuing to chat with Cousin Danny for a while and coping with it, William Chen sent him away.After returning to the living room, he saw that his daughter had fallen asleep, and Nozomi Sasaki was humming softly beside the cradle, looking at Chen Xiran who was sleeping peacefully.

William Chen walked up to Nozomi Sasaki and held her hand.From Chen Weilian's eyes, he seemed to have something to say to himself, Nozomi Sasaki got up, walked out of the room with him, and called a maid to help her look after Xiao Xiran.

William Chen held Nozomi Sasaki's hand like this, and the two walked into the yard of the villa, and walked slowly along the small path towards the beach.

"Xizi, our daughter is a little older now, if you feel bored at home, can you go out and do something you like, such as filming?"

William Chen also didn't want Nozomi Sasaki to be trapped by the child all the time, and he always had a servant to help take care of the child. He still hoped that Nozomi Sasaki could do what she liked.

"Actually, I like my current life very much. Watching Xiran, I can usually listen to my favorite music, connect with yoga and gymnastics... and, most importantly, I have already filmed the script written by my man. That's the most fulfilling thing I've ever had, the same satisfaction as having your child."

Nozomi Sasaki hesitated for a moment, and said: "But I know that after "Extreme Game", I relied on this series and gained a lot of popularity. It would be a pity if I stopped filming in the future. If you need it..."

William Chen smiled, pulled her into his arms, and said to her softly: "There is no need for this, baby, I just hope that you can live happily and do what you like, no matter what it is, if you If you like your life now, then keep it like this."

"Thank you, husband, I've always wanted to call you that."

"I like your name, too. Besides, our house in Atlanta is about to be built. It will be a very beautiful place. I will show you there then."

"I'm also looking forward to it, husband, as long as I can be with you, any place is the best."

……

Next, Chen William met Netflix CEO Hastings.Netflix is ​​headquartered in Silicon Valley, which is why he is more optimistic about Netflix than Hulu, which is headquartered in Hollywood. Netflix has the genes of the Internet, but in the field of streaming media, it is difficult for traditional Hollywood companies to compete. Over Internet companies.

In the previous life, even though Disney+, the streaming media platform launched later by Disney, relied on the most powerful content of Disney, which acquired 21st Century Fox and Marvel Pictures at that time, it did not surpass Netflix and firmly took the second place in streaming media.

However, after Netflix acquired [-]th Century MGM Pictures, Hastings spent a lot of time traveling between Silicon Valley and Hollywood, because [-]th Century MGM's headquarters is in Hollywood.

This time Hastings came to see William Chen, not because he deliberately passed Bramo Norwood, the CEO of Meta Entertainment Media, but because of his proposal, which can only be implemented with the approval of William Chen.

Hastings' proposal is to suggest that William Chen change the incentive policy for [-]th Century MGM executives from performance commissions to equity incentives for them.

The main reason for this is that after Netflix acquired [-]th Century MGM Pictures, the conflict of interests between the two became more intense.

You know, in the past, the main profit method of [-]th Century MGM Pictures, in addition to theater box office and film peripherals, was their content broadcast copyright income, but after Netflix acquired [-]th Century MGM Pictures After the industry, if they want to put the content of the company's film library on the Netflix streaming media platform for users to watch as planned, there will be a lot of conflicts with [-]th Century MGM Pictures.

Originally, the content that could receive copyright income, if provided to Netflix for free, would have a great impact on the performance of [-]th Century MGM Pictures, and the current management of [-]th Century MGM Pictures The main income, including CEO Jim Gianlopoulos, is the company's performance commission in addition to salary. The higher the income of MGM Pictures in the [-]th Century, the higher their income share will be. If the content is provided to Netflix for free, then their revenue will be greatly affected.

So what if Netflix buys their content at market prices?It's also impractical, because how will the price be set then?Wouldn't there still be a need for regular negotiations?In this case, if it has already become a company, these additional negotiations are required, resulting in additional time and salary costs. What is the point of merging?

There is another thing to consider, that is, the [-]th Century MGM Pictures has had a good box office income for more than a year, so if their income, according to their own plan, they shoot more films , it is likely that the profit will be more.

However, according to Netflix's development plan, some films need to be customized, which will more or less affect the development of MGM in the [-]th Century.

Therefore, if the contradiction between these two operating methods is forcibly suppressed solely by the status of the parent company of Netflix, it will definitely be detrimental to the operation of MGM in the [-]th Century.

In the end, the method Hastings came up with was to change the incentive method for the executives of MGM Pictures in the [-]th Century, change the revenue sharing, and incentivize the executives with shares of Netflix, and MGM in the [-]th Century The executives of Mei Pictures, like the management of Netflix, can obtain the corresponding equity incentives of Netflix according to their operating results, that is, they can buy additional shares issued by Netflix at a low price.

In this way, the binding of the income of [-]th Century MGM executives to the company's revenue will be changed to that of Netflix as a whole.Then, if they want to obtain equity incentives from Netflix, they must first help Netflix to do a good job in its performance. Just higher.

However, neither Hastings himself nor Bramo Norwood, the CEO of Meta Entertainment Media, has the power to implement this change. Only with the approval of William Chen can it be made. This change has been carried out, so Hastings came to see William Chen this time, and told him his expectations and the reasons for doing so, hoping to convince William Chen.

(End of this chapter)