Bab 183: Chapter 183: The Hardy Group
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The scandal involving NBC Broadcasting Company had severely damaged its reputation, making it challenging for the network to recover its standing. The repercussions lasted for weeks, with protests against the company continuing for an entire week. Columbia TV's reputation also suffered somewhat due to the poaching incident.
Meanwhile, ABC took advantage of the situation to solidify its position as the top network among the three major TV stations. Hardy's strategic moves played a crucial role in this outcome.
Henry's activities were far from over. He managed to acquire a planner and an editor from NBC TV, as well as a text secretary and a reporter from Columbia TV. These acquisitions provided him with invaluable intelligence on the projects and internal affairs of these TV stations.
The expansion of the HD Security Intelligence Office's functions allowed Hardy to gather a broad range of information, including spying, secret investigations, and tracking. This information proved essential for undermining the competition.
For instance, Columbia TV was in the process of negotiating with Broadway Theater for new programming. While the theater was initially hesitant, ABC TV signed a contract to broadcast ballet, opera, and musical performances just a day later. The quick move was facilitated by Hardy's connections through an influential contact, leading to a smooth deal.
The competitive landscape saw ABC TV emerge as the dominant player, while NBC and Columbia TV struggled to recover from their setbacks. ABC's success was further boosted by the positive reception of its programs and the flourishing TV shopping segment.
Andy reported on the recent gains, highlighting that the 5,000 motorcycles previously acquired were sold out, generating $126,000 in revenue. The success also positively impacted the stock price of the motorcycle factory. Andy asked Hardy if he wanted to retain the shares, which had increased in value from $140,000 to $520,000.
Hardy, confident in Andy's judgment, allowed him to make investment decisions. Andy also detailed investments in various factories, including those producing clothing, shoes, hair dryers, and chocolate, with stock values rising significantly. Initial investments of $1 million had now appreciated to $3 million, achieving a 300% profit.
Andy suggested establishing a group company to better manage the growing number of industries. Although Hardy had managed well so far, Andy's proposal to create a group company for more efficient management and future growth was well-received.
Hardy agreed to the idea and tasked Andy with the establishment of the Hardy Group. When considering a name for the group, Hardy decided on "Hardy Group."
Meyer informed the MGM board about Hardy's offer to acquire shares in ABC TV. The board members were intrigued but felt Hardy's offer was too high, especially given the current stock prices. Meyer assured them that Hardy's proposal was reasonable and suggested showcasing Hardy's upcoming hotel in Las Vegas to demonstrate its profitability.
The Las Vegas Hardy Hotel was set to open soon, with all facilities completed and promotional efforts ramped up. ABC TV broadcast daily ads for the casino, and a new passenger transport service was established to facilitate travel from Los Angeles to Las Vegas.
Hardy invited around 500 friends, including Los Angeles officials, Hollywood stars, and business partners. The grand opening of the hotel was scheduled for a clear and pleasant October evening.
Prior to the opening, HD security personnel ensured everything was secure and in order. On the opening day, an HD airliner transported guests to Las Vegas, and shuttle buses were filled with excited visitors.
By the afternoon, nearly 3,000 guests had gathered at the hotel, with some already enjoying the gaming tables and amusement areas. At 8 PM, the ribbon-cutting ceremony commenced, featuring Hardy and Mike along with several distinguished guests. Fireworks lit up the sky, creating a spectacular display.
As the night progressed, guests flocked to the casino, and the real festivities began. The casino featured various games, including a betting game with a growing prize pool of over $11,300. The lottery, held every two hours, drew significant attention.
For fairness, Hardy employed a glass lottery device for the draw. The winner, an ordinary gambler who had bet just $2, was overjoyed to receive the grand prize of $10,000. Hardy instructed Elaine to document the event, ensuring the story would be reported in the newspapers and on ABC News.
The successful opening of the Hardy Hotel and casino, coupled with the strategic moves made by Hardy and his team, set the stage for continued success and growth in the future.
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