Director’s Legend - Chapter 352
The market value of DreamWorks is currently around US$4 billion. As long as the DreamWorks board of directors agrees, the acquisition is not difficult.
The next issue discussed the acquisition of the digital field and Lucasfilm.
Lucasfilm is a film company founded in 1971 by George Lucas, the father of “Star Wars” in San Francisco. The name of Lucasfilm may not be famous, but its subsidiary, Industrial Light and Magic (ILM), is definitely known worldwide. Industrial Light & Magic is the world’s well-deserved leader in the special effects industry. Almost all major production films in the world have Industrial Light & Magic involved in post-production.
Shao Shuaijun’s picture is also Industrial Light and Magic.
In addition, Lucasfilm has subsidiaries such as Skywalker Sound Effects and Lucas Arts, which are responsible for post-production sound effects and game production. Affected by the subprime mortgage crisis and fierce competition in the special effects industry, Lucasfilm has been struggling to make ends meet in recent years, with serious losses, and the company is already on the verge of bankruptcy.
The lean camel is bigger than a horse, and the current market value of Lucasfilm is around 4 billion US dollars.
Digital Domain (D2) is a special effects company founded by Cameron and a friend in the same year. By 2008, it had lost tens of millions of dollars. In 2009, Paramount paid the money, and Michael Bay acted as an agent to acquire D2. But this acquisition did not save D2, and it still lost money year after year.
Paramount no longer wants to take in such a money-losing company. This is also the best special effects company acquired by Summit Entertainment. Compared with ILM’s market value of several billions, D2 is cheap to less than 200 million US dollars, which still includes the debt to be repaid.
Once these acquisition plans are passed, it can be said that in 2011 Summit Entertainment will truly impact the ranks of global film companies. No longer a nouveau riche, nor an independent film company, but a big studio.
…
At the end of the meeting, the management left to do things in excitement. With goals, actions will be effective.
And Shao Shuaijun, Li Xiuxiu, Mitchell and David went to a meeting room alone, and there are more important things waiting to be discussed.
After closing the door of the conference room, David Joe Cole took out a document: “This is Mr. Carl Icahn, who provided us with the 2010 financial statements of MGM. From the table, MGM’s The operation is chaotic, the investment is scattered, and the internal property rights structure is very complicated. According to my calculations, at present, MGM has locked up Sony’s liquid capital of about 3 billion US dollars. This has already cost Sony’s half life.”
MGM, a brilliant name, is almost synonymous with Hollywood movies.
Filming the most outstanding film in history, “Gone with the Wind”, even if inflation is included, “Gone with the Wind” has a higher box office than “Avatar”. It is definitely the best film in the world at the box office.
Once a movie was released almost a week, its logo, a lion Leo, became a symbol of the United States.
He also created the classic 007 series that has been active on the big screen for decades, and the enduring animated cartoon “Cat and Mouse”, initiated the establishment of the American Academy of Motion Picture Arts and Sciences, and launched the Academy Award!
It is such an immortal film company that was on the verge of bankruptcy at the beginning of the new century. The U.S. government exempted it from taxes and credited several times and tried various methods, but failed to save it. In 2005, MGM, which was already seeking bankruptcy, was announced by Sony for a $5 billion merger.
Since then, MGM has not disappeared, but it has been removed from the ranks of major Hollywood film companies.
Five years later, Sony’s excitement has disappeared completely. The acquisition of MGM can be said to be Sony’s most failed business plan. In the eyes of Wall Street financial investors, MGM is the tool they use to cut meat from Sony. The biggest representative is the corporate predator Carl Icahn.
Wall Street has conquered the world, and even the US government has been manipulated by them. Wherever there is interest, there are Wall Street financial experts. However, in the past few decades, Wall Street has attacked Hollywood one after another, and finally declared failure. The MGM acquisition was also a failure.
Not only failed to get MGM to fly and cash in money, but it turned into a rotten battlefield to die with Sony. It can be said to be Carl Icahn’s greatest shame.
Hollywood is a combination of art and commerce, and the magic of movies allows it to remain pure under the impact of Wall Street. The merchants of Wall Street’s profit-seeking business couldn’t play around. Carl Icahn saw this and went to Summit Entertainment.
To solve the mess of MGM, it has to be solved from within Hollywood.
“Icahn’s intention is very simple. He came to pay for the acquisition and reorganization of MGM, and dragged Sony’s capital to MGM and plunged deeper. He will use the Icahn Cooperative Fund and AREP Fund to initiate a countermeasure The impact of Sony forced Sony to completely withdraw from MGM, thus allowing Icahn to win the dominance of MGM.”
David went on to introduce: “Sony’s abandonment of MGM is equivalent to billions of dollars in the water, and these will become money in Icahn’s pocket. And Icahn will use his 29.7 shares in Lionsgate. As well as part of the reorganization of MGM’s equity to return us, we can even obtain MGM’s huge film library resources. Moreover, if Sony wants to retreat, we have to obtain our consent. By the way, it threatens the copyright of Spider-Man. Negotiations will definitely go smoothly.”
“So, you have already decided?” Shao Shuaijun asked casually, flipping through the incomprehensible financial statements. Coming to this meeting today means that the company has made a decision. Li Xiuxiu has already mentioned it. Shao Shuaijun just repeated the question.
Mitchell Bruce smiled and said: “From wherever we look, we all have more advantages than disadvantages. As long as we don’t touch the shares of Summit Entertainment, establish a few shell companies, and play a play, we can get rich returns after success. , There is nothing to lose if you fail, why don’t you agree?”
“In principle, our senior management has agreed to this plan.” David said.
Dream Chasing Entertainment Group has four managements, top executives, senior management, intermediate management and grassroots management. The top executives are Li Xiuxiu, Yi Jianmei, Mitchell Bruce and Kevin Feiji, and senior management includes the heads of various important subsidiaries.
Through property rights and shares, the entire management team is linked together to make top-level confidential decisions.
“So, let’s do it, you do yours, and I will make my movie.” Shao Shuaijun is not interested in how to fight the financial war.
The decision has been made, and Carl Icahn responded quickly. The next day he invited Shao Shuaijun and his wife to go golfing at a golf course, which indicated a happy cooperation. Subsequently, Summit Entertainment held a general meeting of shareholders to formally make the decision to acquire MGM, and announced the decision on its official website.
Almost as soon as the news was announced, there was an uproar in Hollywood, and an uproar in the world’s film circles.
“Breaking news! Summit Entertainment has launched a plan to acquire MGM. It has sent invitations for negotiation to MGM’s major shareholders, Providenc Actors Guild, Texas Pacific Group, Sony Corporation, Comcast, DLJ Commercial Bank and Quadrangle Group. .”
“This year’s most dazzling independent film company, Peak Entertainment, is about to acquire the once most dazzling big film studio MGM, a Hollywood movie legend. Is it going to continue in this way?”
“Is it blind investment or cautious analysis? Wall Street financial experts will explain to you the three possible solutions of Summit Entertainment’s acquisition of MGM!”
“DLJ Commercial Bank has responded to Summit Entertainment and can negotiate!”
“Where did Summit Entertainment have the confidence to acquire MGM? The 2010 box office champion was dazzled by victory?”
“Conscutt has responded to Summit Entertainment and can negotiate!”
“The failure of Summit Entertainment, the acquisition of MGM is a dead end. Is Sony’s lesson learned?”
“The annual box office exceeded the 5 billion mark, and Summit Entertainment was not satisfied with its status as an independent film company and began to develop into a major studio. According to an anonymous executive from Summit Entertainment, the acquisition of MGM was just one of the company’s major moves in 2011. , Summit Entertainment now has sufficient funds, and what needs to be worried about is whether it can be spent.”
“Since Marvel Comics, MGM will also be snatched by the Chinese.”
There is a lot of uproar in the media, but hidden under the surface, it is Carl Icahn’s driving force. Before cooperating with Summit Entertainment, Icahn had bought out major shareholders such as DLJ Commercial Bank and Conscatel, and had been in the business for several years. Now is the time to invite you into the urn.
Not only was the media being abused, Shao Shuaijun also showed his face in the media very hard. When announcing the start of the second filming of “The Night Watcher”, some media asked about the acquisition. Shao Shuaijun said: “I’m just a director, I asked The company’s management, can I buy MGM? I am very interested in some old MGM movies. They held meetings and researched, and finally affirmed my problem and said that it can be acquired, so we are ready to acquire. “
Since the success of the remake of the “Planet of the Apes” series, Shao Shuaijun’s gaze has been regarded as a guide from God. He said that the old MGM movies have potential. Suddenly, many people value the acquisition of MGM by Summit Entertainment. .
It’s not that MGM can’t make a hit movie. The glory of 007 has never been extinguished. The point is that two movies cannot support a big company. With Shao Shuaijun’s affirmation, it represents the future of MGM. There will be many blockbuster movies that can bring MGM back to life.
“Shao, your face is so great, your interview only appeared on TV, and the people from Sony agreed to the negotiation. You know, Sony has been hanging out with me for two years!” Carl Icahn called. .
“Hehe, that’s good.” Shao Shuaijun didn’t talk much. He was a Prism project that had seen future generations. He knew that American telephones were monitored and talked a lot on the phone. Maybe it would be exposed.
The game has been laid out, the blueprint has been outlined, what the company should do, he can’t intervene and is not willing to intervene again. No matter how big this movie kingdom is, to him, it is only a few beats of wealth. He has laid a solid foundation for himself, and it is time to truly pursue his dreams.
Let people all over the world dream with him, and let his movies resound all over the world!
Now he can shoot with peace of mind. (To be continued. Please search Piaotian Literature, the novel is better and updated faster!)