Domination in America, Starting from being a Boxing Champion-Chapter 651 - 468 Business Empire Embryo_4

He would need Link's support to continue in his position as the head of the film department.

In this regard, Link's shareholding in Netflix wasn't bad either.

"Thank you!"

Link didn't understand the reason for the other party's change of face and didn't inquire further. After a brief chat, he prepared to go home to discuss matters with Ivanka but felt a sensation under his foot as though he had stepped in dog shit just as he lifted it.

Woof woof woof!

A cheerful barking came from the distance.

——

After deciding to invest in Netflix, Lionsgate Films immediately began negotiations with Netflix, led by Ivanka, with Michael Burns and his team personally executing the deal. Following several rounds of discussions, both parties ultimately reached an agreement.

Lionsgate Films invested CinemaNow and 160 million US dollars to acquire 11.37% of Netflix's shares, becoming the third-largest shareholder on Netflix's board, following Vanguard Investment Management Group's 18.58% and BlackRock Investment's about 16.84%.

To further increase Lionsgate Films' influence in Netflix, he continued to buy approximately 5.14% of Netflix's shares through Golden Shell Investment.

These two transactions also led to an increase in Lionsgate Films' debt to 340 million US dollars, and Link's personal debt grew from 170 million to 320 million again.

Since both Netflix and Lionsgate are large companies, the news of their partnership became a hot topic in Hollywood and investment circles in October.

After the relevant news was reported, Wall Street expressed skepticism about the partnership.

They believed that Link's move to take over Lionsgate and then invest in the heavily indebted Netflix Technology was undoubtedly bold. If Netflix's stock price continued to decline, Lionsgate Films would face the risk of bankruptcy, and Link would end up with a career of boxing to pay off debt.

The "Los Angeles Times" urged Link to focus on boxing and his music career, "Don't dance steps you're not good at during the ball; it's easy to trip and fall."

To this, Link responded unflustered.

Netflix Technology Company was the industry leader in streaming service, with its market value surpassing 100 billion US dollars in 2018, becoming the first in the industry. By 2020, due to the XG problem, its value exceeded 300 billion, surpassing Disney to become the highest valued entertainment company in the world.

As a major shareholder of Netflix, he could influence or even control the company through the board, facilitating further cooperation between the two companies.

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Netflix was the world's largest online movie rental service, with tens of millions of members worldwide. Its weakness was its insufficient production capability for film and television content, requiring hefty copyright fees to other production companies each year, leading to reduced profits.

Meanwhile, Lionsgate Films was the eighth-largest content producer in Hollywood, and their partnership constituted a powerful alliance. Such cooperation could also further increase Lionsgate Films' authority in the film and television industry and Link's power in Hollywood.

However, when it came to the topic of debt repayment, Eva reminded him not to forget that Link Music still had tens of millions of loans.

At the beginning of the year, Link Music spent 150 million US dollars to acquire 16.8% of Spotify, becoming the second-largest corporate shareholder of the music streaming company.

At the time, they had taken out a loan of 100 million US dollars, and after two repayments, about 30 million in debt remained.

Link wasn't concerned after hearing this; even with the additional 30 million debts, his and his company's total liabilities were still less than 700 million US dollars.

Currently, Golden Shell Investment owned 6.2% of Nvidia and 16.8% of Tesla, 5.14% of Netflix shares, a small number of Amazon shares, and other company shares, Lionsgate Films owned 11.3% of Netflix shares, and Link Music Company held 16.8% of Spotify shares, valued at over three billion.

In five years at a minimum, their value would increase by tenfold, and in ten years at least by a hundredfold, with a worth of 400 to 500 billion.

Taking on the pressure of 700 million in debt was worth it for now.

However, he also understood Eva's point. This year he had made numerous investments and frequently incurred debt to purchase stocks, and Ivanka was worried that rapid development might entail risks.

Link felt he might have become somewhat addicted to borrowing money after experiencing its allure.

To prevent Eva from worrying, he stated he wouldn't make any risky moves or other investments until he repaid the external debt of 700 million.

Seeing that he heeded her advice, Eva was relieved, allowing him to rest his head on her thigh while she massaged his head.