London is quite enjoyable for Kyle.
Although the morning air quality was just average, it wasn't nearly as foggy as depicted in films. Kyle, Victor, and Brandon reached London at around 10 PM last night. Instead of heading to the BBC, they stayed at a hotel that was booked for them, a luxury five-star establishment.
Wow!
Indeed, the BBC gave Kyle the impression of being quite affluent, very affluent!
This was evident not only from the fact that they had arranged a five-star hotel for Kyle and his two friends, but also that even the employees from Page Pictures, who had contacted them ten days prior, were staying at this same five-star hotel, with all expenses paid by the BBC.
"The BBC truly is wealthy, and it would be unreasonable for me not to take advantage of that."
After Kyle woke up, he gazed at the lavish and opulent breakfast, expressing his admiration to Victor and the others. The breakfast was exceptionally good. At the very least, Kyle had never experienced such an extravagant breakfast in either of his lives.
Victor grinned and remarked, "Boss, it's true that the BBC is wealthy, but it's mainly because we are citizens of the United States."
Kandi sliced off a piece of bread and added, "Exactly. After all, their ancestors were affluent, and they always harbour a natural sense of superiority over America. They paid for our accommodations just to demonstrate their power."
While relishing their meal, the three began discussing the forthcoming copyright collaboration.
Not long after that.
The page Pictures staff, who had arrived in the UK ten days earlier, came to see Kyle.
"Boss, how did you sleep last night?"
Her name is Martha Hopkins; she is 40 years old and serves as the manager of the legal and accounting departments at Page Pictures. She is incredibly capable.
"It was fantastic, absolutely perfect; I don't even want to return to Los Angeles," Kyle replied cheerfully.
"Oh! Boss, if you keep saying that, all of our employees will miss having such a great boss," Martha chuckled.
"Hahaha, Martha, I've always said you're the funniest person in our company."
Kyle has always been generous with his compliments towards his employees, as it doesn't cost him anything.
A lavish breakfast concluded with a delightful conversation among the four of them.
9 a.m.
Kyle and his four associates arrived punctually at the BBC Broadcasting Corporation to engage in discussions regarding copyright matters related to "Teletubbies."
The first round of negotiations proceeded smoothly, and the atmosphere was quite amicable; however, there was a significant disparity in the final copyright fee.
The BBC declared that it was requesting permanent copyright of "Teletubbies" along with a one-time payment of 1.5 million pounds, and the contract excluded any earnings from merchandise or advertising.
In simpler terms, Kyle would receive 1.5 million pounds and would no longer have any connection to "Teletubbies."
How could Kyle agree to this?
The production costs for "Teletubbies" are relatively low, possibly ranging from 5 to 7 million pounds. The critical factor is that it airs on the BBC platform.
Once "Teletubbies" was aired, it took over the ratings for children's channels in the UK; not to mention, the advertising revenue, and the annual sales from related merchandise like books and toys are incredibly substantial. Furthermore, the film and television rights were later sold across Europe and around the globe, with licensing revenues alone surpassing 200 million pounds.
For such a substantial and lucrative opportunity, how could Kyle be content with just 1.5 million pounds?
This is completely unreasonable!
It's infuriating!
"Mr. Wald, you must understand that we are the BBC Broadcasting Corporation and are not intimidated by lawsuits. We can simply air it once production is finished," the BBC negotiating representative said in a measured tone.
The implication was unmistakable.
You have no choice but to accept this offer.
At worst, we can always resort to filing an international lawsuit.
International lawsuits are extremely complex, taxing, lengthy, and expensive. Even if Kyle ultimately prevails, there's no guarantee he will receive a significant payout.
"hehe!"
Kyle glanced at the BBC representative and chuckled, "Indeed, you're not worried about lawsuits, but we aren't either, and I have financial resources. You might not be aware, but I recently earned over 8 million US dollars in profit from the stock market in just one day."
"Well..."
The BBC negotiators fell silent for a moment.
Previously, they were unaware of this information. After all, they considered themselves "superior" Brits, while Page Pictures was merely a low-tier Hollywood company, and their statuses were entirely unequal.
"Ladies and gentlemen, I would like to point out that my client, Mr. Kyle Page, is a prosperous American citizen and a young man who is quite generous with his wealth. He is young, affluent, and somewhat impulsive. Sure, you can bypass our copyright and compel the platform to air it, but I doubt your company wants to create a public uproar before the broadcast of Teletubbies."
Brandon is Brandon, and his statements can be exceedingly impactful.
An avalanche of public sentiment!
Kyle can incite it!
Despite the extensive collaboration between the American and British governments, it can be said that the citizens of both nations hold a certain disdain for each other.
The British perceive: "You Americans were once our colonies and our territories. What is there to boast about?"
The Americans believe: "We are the largest nation globally, and you British are merely relics of the past. What is there to take pride in?"
Without further delay, Kyle could certainly ignite a public discourse if he chose to invest money. This was an undeniable truth for John Bull, who was greatly concerned about his reputation.
...
The following negotiations proceeded much more favorably. It was simply a matter of dividing the profits from merchandising and the secondary licensing of the copyright.
The reason the BBC officials were inclined to offer Page Pictures a share in the profits was, first, due to their recognition of Kyle's financial capabilities;
Second, they were eager to avoid legal disputes and the ensuing public backlash;
Lastly, and most importantly, while they value the future potential of "Teletubbies," they are not privy to information from the future and do not realise that the profits generated by "Teletubbies" will far exceed their expectations.
In the subsequent days, several additional negotiations took place.
Ultimately, an agreement was established.
Content of the contract: 1. The BBC will make a one-time payment of 1 million pounds as copyright royalties;
2. For secondary copyright licensing, including the future sale of film and television rights to other regions or countries, Kyle's Wald Films will receive 10% of the licensing revenue;
3. Kyle will also receive 15% of the profits from the DVD and VHS market for Teletubbies.
4. An 8% share of profits from ancillary licensing, which encompasses various types of licensing such as toys, keychains, clothing, and books.
Overall, this licensing agreement satisfies both the BBC and Kyle.
Once the authorisation was finalised, Kyle sought information about "Harry Potter," only to discover that it was not available for purchase, and time constraints prevented him from delving into it due to pressing matters that needed attention from Kyle and others.
...
At London International Airport.
Kyle and his group awaited their flight in the lounge.
"Jonathan Nolan, hold on right there! Mom said that once we arrive in England, you need to listen to me in all matters."
A strong voice, filled with a mix of frustration and helplessness, reached Kyle's ears.
Airports are always bustling with people and conversations, so Kyle initially paid it no mind.
However!
When Kyle turned to look, he was astonished to realise that he recognised the two young men engaged in conversation.
He had seen them in his previous life!