Fedex Business Plan

Fedex Business Plan-27
And, like a proud father, Smith, 55, is not only beaming over the movie’s success but over the chance he took on two young Princeton graduates--Andrew Kosove and Broderick Johnson--who presented the Fed Ex chief with a 220-page business plan for launching a movie company.Indeed, Smith’s decision to back Kosove and Johnson in Alcon mirrors his own legendary story as an entrepreneur.“I had an affinity for them because I was an entrepreneur exactly they way they are,” Smith said.Bonnier acts as a “data controller” for the purposes of the EU’s General Data Protection Regulation.

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More puzzling is why the Memphis tycoon--one of the nation’s legendary entrepreneurs--would plunge into the risky business of making movies.“I’ve asked myself that a couple of times over the last little while,” chuckled Smith, who’s rarely spoken about his behind-the-scenes dabbling in the movie business and who swears his name will never appear in the screen credits.

But, last week, Alcon Entertainment, the little-known film company that Smith has been quietly bankrolling for the past few years, signed a five-year, 10-picture distribution deal with Warner Bros.

Can a guy who delivers 5 million packages a day deliver a few hit movies too?

It’s something Fred Smith, the near-billionaire founder of the Federal Express empire, is betting a chunk of his personal fortune will happen.

“We made and lost some money, but overall, it turned out all right,” Smith said.

When Kosove and Johnson helped Smith land distribution for one of the independent films he was financing, “Love Is All There Is,” they asked in return if he would read their business plan.And although Smith’s money paid for “My Dog Skip,” he didn’t attend the premiere at Hollywood’s famed Egyptian Theater.Rather, he arranged to screen the movie through a friend who owns a local theater in his neighborhood in Memphis.Under its new deal with Warner Bros., Alcon puts up 100% of the production money (with budgets no less than million) and is responsible for the cost of prints and advertising, although the studio advances that expenditure and recoups off the top.With a net worth estimated by Forbes at 5 million, Smith hardly needs the money or the cachet that comes along with being in the movie business, although he watches the investment closely to make sure Alcon doesn’t stray from its business plan.“The problem tends to be there’s an emotional quotient that seems to override the movie business. It’s different from my usual line of work,” said Smith, who’s invested in other ventures including the airplane trading business and sports arenas.And, that’s not going to happen with Alcon,” Smith said. Smith considers himself “a typical movie fan,” whose favorite films include such classics as “Gone With the Wind” and David Lean’s 1957 war drama “The Bridge on the River Kwai” and more recently, “all of Tom Hanks movies,” including “The Green Mile,” “Saving Private Ryan,” “Philadelphia” and “Forrest Gump.”Smith gets a kick out of the fact that Hanks is “playing a Fed Ex guy” in Dream Works SKG and 20th Century Fox’s forthcoming Christmas release “Cast Away,” directed by Robert Zemeckis.“There’s no emotional part for me.” He added, “The most important thing Andrew and Broderick brought to the table was their ability to be disciplined.”Smith said he has no desire to participate in the creative side of movie making. “In the macro sense, it makes no sense at all, but it is fun. And, unlike some outsiders to the movie business, Smith doesn’t seem at all enamored by the glamour and the power that Hollywood and its players offer.“I’m a transportation executive,” Smith said. At Bonnier Corporation, your privacy is important to us. and its brands use cookies to identify your individual device so that we and our third-party partners can efficiently deliver content and advertisements that will be relevant to you, based on the pages you visit on our site(s) and other websites across the internet.Smith believes “the movie business is much more adaptable to business principles than most people believe it is.”For the past 3 1/2 years, the Alcon partners said Smith has paid them each a salary of ,000 a month.Smith said he agreed to finance three movies initially, “assuming they were done well.”Alcon’s first attempt, “Lost & Found,” an -million comedy starring David Spade that cost a whopping million to market, bombed badly, losing at least half of its investment.


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