Background: Irving Grant Thalberg (May 30, 1899 - September 14, 1936) was an American film producer during the early years of motion pictures. He was called "The Boy Wonder" for his youth and ability to select scripts, choose actors, gather production staff, and make profitable films, including Grand Hotel, China Seas, Camille, Mutiny on the Bounty, and The Good Earth. His films carved out an international market, "projecting a seductive image of American life brimming with vitality and rooted in democracy and personal freedom," states biographer Roland Flamini.
Context: In 1929, MGM released fifty films, and all but five showed a profit. Of those that failed, Hallelujah in 1929 was also a gamble by Thalberg. When King Vidor, the film's producer and director, proposed the idea to Thalberg of a major film cast, for the first time, exclusively with African Americans, he told Thalberg directly, "I doubt that it will make a dollar at the box office." Thalberg replied, "Don't worry about that. I've told you that MGM can afford an occasional experiment." By the early 1930s, a number of stars began failing at the box office, partly due to the Great Depression that was now undermining the economy, along with the public's ability to spend on entertainment. Thalberg began using two stars in a film, rather than one, as had been the tradition at all the studios, such as pairing Greta Garbo with John Gilbert, Clark Gable with Jean Harlow, and William Powell with Myrna Loy. After experimenting with a few such films, including Mata Hari in 1931, which were profitable, he decided on a multi-star production of another Broadway play, Grand Hotel, later that same year. It had five major stars, including Garbo, Joan Crawford, John Barrymore, Lionel Barrymore, and Wallace Beery. "Before Thalberg," writes Vieira, "there was no Grand Hotel in the American consciousness." The film won the Oscar for Best Picture in 1932. Thalberg went against consensus and took another risk with The Great Ziegfeld (1936), costarring Luise Rainer. Although Louis B. Mayer did not want her in the role, which he felt was too minor for a new star, Thalberg felt that "only she could play the part", notes biographer Charles Higham. Shortly after shooting began in late 1935, doubts of Rainer's acting ability emerged in the press. However, despite her limited appearances in the film, Rainer "so impressed audiences with one highly emotional scene" that she won the Academy Award for Best Actress. After her winning role in The Great Ziegfeld, Thalberg wanted her to play a role that was the opposite of her previous character, for The Good Earth (1937). For the part as a Chinese peasant, she was required to act totally subservient to her husband, being perpetually huddled in submission, and barely spoke a word of dialogue during the entire film. Rainer recalls that Mayer did not approve of the film being produced or her part in it: "He was horrified at Irving Thalberg's insistence for me to play O-lan, the poor uncomely little Chinese peasant." However, she again won the Oscar for Best Actress, becoming the first actress to win two consecutive Oscars, a feat not matched until Katharine Hepburn's two Oscar wins thirty years later.
Question: What kind of risks did he take?
Answer: Hallelujah in 1929 was also a gamble by Thalberg.

Problem: Background: Crowded House are a rock band formed in Melbourne, Australia, in 1985. The founding members were New Zealander Neil Finn (vocalist, guitarist, primary songwriter) and Australians Paul Hester (drums) and Nick Seymour (bass). Later band members included Neil Finn's brother, Tim Finn, and Americans Mark Hart and Matt Sherrod. Originally active from 1985 to 1996, the band had consistent commercial and critical success in Australia and New Zealand and international chart success in two phases, beginning with their self-titled debut album, which reached number twelve on the US Album Chart in 1987 and provided the Top Ten hits
Context: Crowded House were midway through a US tour when Paul Hester quit the band on 15 April 1994. He flew home to Melbourne to await the birth of his first child and indicated that he required more time with his family. Wally Ingram, drummer for support act Sheryl Crow, temporarily filled in until a replacement, Peter Jones (ex-Harem Scarem, Vince Jones, Kate Ceberano's Septet) was found. After the tour, the Finn Brothers released their album Finn in November 1995. In June 1996, at a press conference to announce the release of their greatest hits album Recurring Dream, Neil revealed that Crowded House were to disband. The June 1996 concerts in Europe and Canada were to be their final performances. Recurring Dream contained four songs from each of the band's studio albums, along with three new songs. The album debuted at number one in Australia, New Zealand and the UK in July 1996. Early copies included a bonus CD of live material. The album's three new songs, which were released as singles, were "Instinct", "Not the Girl You Think You Are" and "Everything Is Good for You", which featured backing vocals from Pearl Jam's Eddie Vedder. Paul Hester returned to the band to play drums on the three new tracks. Worried that their goodbye had been too low-key and had disregarded their home fans, the band performed the Farewell to the World concert on the steps of the Sydney Opera House on 24 November 1996, which raised funds for the Sydney Children's Hospital. The concert featured the line-up of Neil Finn, Nick Seymour, Mark Hart and Paul Hester. Tim Finn and Peter Jones both made guest appearances. Support bands on the day were Custard, Powderfinger and You Am I. The concert had one of the highest live audiences in Australian history with the crowd being estimated at between 120,000 and 250,000 people. Farewell to the World was released on VHS in December 1996. In 2007, a double CD and a DVD were issued as to commemorate the concert's tenth anniversary. The DVD featured newly recorded audio commentary by Finn, Hart and Seymour and other new bonus material.
Question: What did he say at the press conference?
Answer:
Crowded House were to disband. The June 1996 concerts in Europe and Canada were to be their final performances.