Best of Hollywood - Chapter 357
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On the second day after the two parties reached the acquisition agreement, the first acquisition funds were remitted to the account of the Italian consortium, and the remaining funds will arrive within a week.
At the same time, Orion Pictures officially announced the successful acquisition of MGM, and will integrate the entire industry in the future.
For Hollywood, this is no less than dropping a blockbuster, which immediately set off a huge wave.
Orion Films not only completely broke the monopoly of traditional Hollywood giants, but even became one of them.
Many media reporters squatted excitedly at the entrance of Orion Films all day long.
“Orion Films successfully acquired MGM, not only got the world’s largest film library, but also the copyright of the 007 series of films. I wish Orion Films and Ryan Gosling become one of the new seven major Hollywood film companies.”
Report from The Times.
“Orion Pictures has made the most correct decision to acquire MGM. Not only does MGM have the largest film library in the world, it is also a member of the Film Association. Orion Pictures can completely replace MGM and become a new One of the seven major film companies in the world.”
Reporting from the Los Angeles Daily News.
Of course, not all the media think that Orion Pictures’ acquisition of MGM can become one of the seven major Hollywood film companies.
“Even if it spends a huge amount of money to acquire MGM, Orion Films will face big problems. A film company that lacks the support of a media group will obviously not be able to become a new giant…”
Report from The New York Times.
“As we all know, MGM is just a mess. Orion Pictures and Ryan Gosling made the most stupid decision. MGM will drag Orion Pictures into a bottomless quagmire.”
Reporting from the Chicago Evening News.
Compared with the media reports, the second-tier Hollywood film companies were more impressed. DreamWorks, Dimens Gate Pictures, Lionsgate Pictures, Touchstone Pictures, New Line Pictures, etc., all showed shocking expressions.
No one knows better than them what Orion Pictures getting MGM means.
Once Orion Films obtains the world’s largest film library and membership of the Film Association, coupled with Orion Films’ production and distribution business, it can completely complete a drastic change.
It is a sharp change that many second-tier film companies need to look up to.
“Orion Pictures actually spent a huge sum of money to acquire MGM!”
In the office of the president of New Line Films, Robert Shay looked at the newspaper in his hand and didn’t come back to his senses for a long time.
“This is really surprising news. I don’t know what actions Paramount, Universal Pictures, 20th Century Fox, Warner Bros., Sony Pictures, and Disney will take!”
“Should I choose to accept it like I did when I faced Sony Pictures? Or will there be a more violent reaction!”
Robert-Shay looked amused.
A group of Hollywood tycoons would never want a new tycoon to appear. What they want to see is a declining MGM.
Inside Sony Pictures, Amy Pascal looked a little surprised, “It seems that Sony needs to get in touch with Orion Pictures and Ryan Gosling.”
What she was talking about was not Sony Pictures, but the Sony Consortium from Japan.
In fact, Sony has always been very interested in MGM’s film library, but it has not taken any actual action.
After all, Sony is an outsider, and the funds that need to be used are not a small amount.
Inside Time Warner, co-president Dan Logan looked exhausted, “Ask someone to contact Orion Pictures to discuss the licensing of MGM’s copyright library.”
Turner Broadcasting only has MGM’s film library before May 1986, and it is not a permanent license, which will expire in 2003.
Naturally, Time Warner would like to be able to re-license MGM’s copyright library before the license expires.
Of course, Dan Logan is just trying, and Time Warner doesn’t have much energy to focus on this matter right now.
At this time, Time Warner was affected by the Internet crisis, and its stock price fell sharply. Moreover, America Online was constantly arguing with Time Warner’s shareholders and executives, which made him tired of coping.
Before AOL and Time Warner announced their merger in January 2000, the combined market capitalization of the two companies was $280 billion.
However, in just over a month, Time Warner’s market value has evaporated tens of billions of dollars.
In the previous life, as of the end of 2002, Time Warner announced that the company lost nearly 100 billion US dollars.
It can be said that Time Warner has no intention of caring about Orion Pictures’ acquisition of MGM in the short term.
With the acquisition of MGM by Orion Pictures, which intends to integrate the entire company’s business, the reactions of various Hollywood film companies are different.
At least for a short period of time, nothing can be seen.
The only thing that is certain is that Orion Films will be very busy for a long time to come. In addition to the original shooting plan, company integration is also on the agenda.
Of course, the first thing that needs to be done is to sell the unnecessary assets of MGM as soon as possible, otherwise the time will be delayed for too long, and it is really possible to bring Orion Pictures into the mud.
There is still more than a year to go before the 9/11 incident, and Ryan needs to completely clean up the MGM business before September next year.
Otherwise, when the 9/11 incident breaks out, it will not be worth the price.
“In addition to the agreement that the Italian consortium will accept part of the property, MGM also has a large number of assets.”
Avi-Allard glanced at the information in his hand and said: “I personally think that one or two small hotels can be reserved for Marvel Studios to operate and transform them into themed hotels with Marvel superhero characters. “
theme hotel!
Jon Fertimer gave him a surprised look, “It’s a very good idea. Once the superhero movie project is successful, the theme hotel will definitely attract a large number of young people to stay.”
“It’s not the time yet.” Ryan shook his head and said, “In the future, Marvel Studios may consider a themed hotel plan.”
“but not now.”
Marvel-themed hotels and restaurants are indeed a good proposal for long-term development.
But at least until the Avengers plan doesn’t pan out, the themed hotel thing is premature.
Next, whether it is the 911 incident or the financial crisis in 2008, it will have a great impact on the hotel industry.
Might as well wait a while.
“Then what about United International Pictures!” Frank Maccasso sat for a long time, and finally couldn’t bear to mention United International Pictures.
This is a joint company with many shareholders, such as Paramount, Universal Pictures, MGM, CBS and so on.
The company’s main business is responsible for the distribution of overseas films. To put it simply, it is the distribution of overseas films, which can be regarded as a disguised industry monopoly.
Beginning in 1973, MGM chose to close overseas distribution channels and hand over the overseas distribution business to International United Pictures.
“quit.”
Ryan said without hesitation: “Next, Orion Pictures will be in charge of MGM’s distribution business.”
“Also contact Frank Gusta of Lionsgate to see if he is interested in accepting MGM’s North American distribution channel and part of the production business.”
Orion needs to create a Lionsgate strong enough to distract Paramount, 20th Century Fox, and Universal.
What’s more, Lionsgate is the only Hollywood film company that can accept MGM’s North American distribution channels and part of its production business in one go.
Frank Gusta not only has sufficient funds, but also is not afraid of pressure from Hollywood giants.
In the White House, President Clinton is a good friend of Frank Gusta, who has given Lionsgate a lot of support.
Frank Macasso’s expression was a little gloomy, and he felt a little uncomfortable about the massive sale of MGM’s assets.
But he also knows that these industries are not only useless to Orion Films, but a heavy burden.
“I just took a look at MGM’s shooting plan. The budget of “Windtalker” is as high as 115 million US dollars. According to the plan, the crew can officially shoot in July and August in the second half of the year.” Nancy Utley said.
“Windtalker”!
Ryan fixed his eyes and said immediately: “Suspend the investment plan for this film.”
“This is a great film. The director is Wu Baige, and his directing level has always been very good.” Frank Macasso hurriedly introduced it, for fear that Ryan would cancel the filming.
The filming plan for this film was decided by him personally, and it is the most important filming plan for UU Reading www.uukanshu.com besides the 007 series of films.
Once it is suspended according to what Ryan said, not to mention how much initial investment will be lost, I am afraid that MGM will only have a few remaining filming plans in the end.
“Frank, I can understand your feelings, but it is impossible for Orion Films to spend 115 million US dollars and choose to invest in a war film.”
Ryan stopped him from continuing, “If other film companies are interested, I can agree to sell this project at a reasonable price.”
“For a short period of time, Orion’s focus is on a Marvel superhero movie, not a $100 million-plus war movie.”
What are you kidding, unless he is crazy, there is no way he would agree to continue filming Windtalker.
The best option is to sell the project and let other film companies continue to invest in the filming.
As for the film starring Nicolas Cage!
Ryan could only mourn for him for three minutes.