Chapter 244
June passed and the theaters were having the best time of their lives. It was summer vacation, and families and students were more than happy to go to the theaters to watch movies.
Gone in 60 Seconds grossed $75.12 million the moment June passed. Numbers couldn't lie, and the performance of Gone in 60 Seconds was average at best, considering the investment Disney had made in the film. Disney would have had a hard time recouping the $100 million investment if they wanted to based on the box office.
Fortunately, this industry was saved by videotapes. Another way to make money. Although the movie companies felt that DVDs would overtake videotapes. The Big Six adapted to these changes by producing more DVDs of their movies.
Note that the Big Six had thousands of movie copyrights in their film libraries. As long as people were consuming movies, they had ways to make money.
So now Walt Disney felt that they had to rely on the videotape and DVD markets to recoup their investment and make a profit in the long run.
Unlike Disney, 20th Century Fox was pleased with the performance of Big Momma's House. The film grossed $90.95 million at the box office. The investment for this comedy was only $30 million. This kind of production cost was considered small now that making blockbuster movies was expensive.
If there was a winner in this month of June, it was none other than Wanted, which was distributed by Sony-Columbia.
Produced by Grey Pictures, the film earned $376.42 million. In just one month, one damn month. This case was very difficult to replicate.
This movie was not like Star Wars, which had millions of fans around the world.
This movie was not like Jurassic Park, which was based on a novel and made into a movie. It was directed by a star director, Steven Spielberg.
This movie was not like Titanic, which had a heartbreaking plot and captured the hearts of many women.
Yet Wanted had the same box office performance as those three.
Well, Wanted was a different kind of movie. It was an action movie with lots of action stunts and choreography. It also had a superhero element that men love. Perhaps the biggest reason why Wanted did so well was because of the hype that was built up.
A lot of people were excited to see the movie. And now that the movie was released, people's opinions about it were positive, which pushed more people to see it.
The woman realized that Kazir knew how to spend his money. He would never hesitate to spoil Angelina because he knew what was important.
She didn't know how much the guy spent on her, probably more than seven figures.
The real estate agent kept smiling, trying to hide his nervousness. This was a big deal and he hoped Kazir would buy the house. They had already looked over four houses.
There was only one condition that Kazir wanted to meet, the house had to be in Beverly Hills. Kazir had never had the opportunity to live in this area and it was one of his dreams to live in this place. He was just trying to experience that.
"How much is the house?"
"Sir, it's $25 million. The owner of this house was in desperate need of money after filing for bankruptcy. The bubble burst hit him so hard."
"Well, I'll take it. Let's get the paperwork done."
Los Angeles was a very expensive city to live in. It also had a high crime rate. Beverly Hills was a safe and perfect place for celebrities to protect their privacy. In his opinion, $25 million was already good for a house like this.
The house could go for more than $100 million in the next two decades. Buying it early was a good decision.
The real estate agent almost jumped for joy. He giddily shook Kazir's hand.
"We can start renovating. I'll probably be living here in three to four months. Depending on the situation."
"What do you mean by that? Babe, we both know that you're going to keep living in your office and this house is just a decoration--mmm."
Angelina moaned weakly as Kazir grabbed her ass. The woman gave him a "fuck me" look after that interaction.