Director’s Legend - Chapter 360
Epix TV is a paid movie channel for North America and Canada. With a unique viewing positioning, it has achieved a good number of users. This is mainly due to the large amount of film resources of Lionsgate, Paramount Pictures and MGM Films. In this share sale, Paramount’s film library contract has been signed again for five years.
In other words, in the past five years, four film companies will provide resources for Epix, and occasionally they will be able to show some Chinese movies for the old Americans to adjust their tastes.
Of course, this news did not cause a sensation. There are hundreds of TV stations in the United States, and Epix is only one of them not very good. For Summit Entertainment to be promoted to a major studio, its own TV station is also indispensable. The acquisition plan is not beyond everyone’s expectations.
April is still the off-season of the movie, “Weakness” continues to be released, which has already reached 250 million US dollars worldwide, and “Red Flame Battlefield 2” has a mediocre performance and currently has a box office of 40 million dollars. The DreamWorks acquisition case is still under review, and “Avengers” is in full swing.
At this time, a personnel change was also happening quietly.
Lionsgate CEO Jon Philheimer resigned from Lionsgate, joined Summit Entertainment, and served as the Deputy General Manager of Summit Entertainment. The outside world does not know this, and in fact, Philheimer is responsible for helping Summit Entertainment acquire Lionsgate.
As May is approaching, Karl Icahn is about to launch an attack on Sony. He has sold his shares to Shao Shuaijun personally a few days ago. Regardless of whether Sony can be trapped in the end, this transaction is a due topic for payment to Summit Entertainment. Shao Shuaijun has 29.7 shares, Summit Entertainment has 22.4, which adds up to 52.1 shares, and 3.2 shares successively acquired in the stock market, which can completely dominate the decision-making of Lionsgate.
Jon Filheimer is the person who made the transition from Lionsgate to Summit Entertainment.
At the end of April, another news was announced.
Summit Entertainment acquired Netflix for US$650 million.
Netflix is an online movie rental provider, the company can provide a large number of DVDs, and allows customers to quickly and easily select movies, while delivering them for free. And provide Internet streaming on demand in the United States and Canada. Netflix is not a big company and does not have much profit. The reason why Peak Entertainment acquired this company was to expand its sales channels.
As we all know, the box office and DVD have always been the two mainstays of film revenue. Summit Entertainment has always had a good box office, and DVD is lackluster. The acquisitions of Lionsgate and Netflix are for DVD sales channels. At the same time, Netflix will also supplement Peak Video’s paid online videos to expand Peak Entertainment’s business scope on the Internet.
Relying on genuine channels, Netflix will surpass Apple and become the number one online movie revenue in the United States. If time video is added, it will be number one in the world. The movie theater and the Internet in the future are the two trump cards for movie broadcasting, and Dream Chase Entertainment is in the process of deploying…
On April 28, 2011, the fourth movie “Thor” planned by the Marvel Cinematic Universe, began to be released first in 7,250 regions in 56 countries overseas in North America. This is also an evasion for schedule. After all, “Fast and Furious 5” is being released in North America this week. It is necessary for North America to postpone it for a week.
However, the effect of the first overseas release is very good. It was shown in 500 theaters in the UK and Ireland for 5 days and won a box office of 9 million US dollars; 579 theaters in France received a box office of 8.1 million US dollars; 513 theaters in South Korea 5.7 million US dollars; 455 theaters in Italy 5.5 million US dollars; 377 theaters in Spain At the box office of 5 million US dollars, European countries made a good start.
At the same time, “Thor” also grabbed the top box office in some smaller markets, such as Singapore, the Philippines, Vietnam and so on. By the end of May 1, “Thor” had a perfect box office of $83 million overseas.
From May 6th to 8th, North American theaters began.
There were 3,955 theaters, and they received $66 million in three days over the weekend and successfully topped the box office champion. So far, the global box office has accumulated to 220 million U.S. dollars, although it is not as strong as “Iron Man 2”, it is still a good performance. Under the cover of the box office, a silent battle is underway.
Financial market capital, led by Carl Icahn’s two hedge funds, began to attack Sony, making crazy hostile takeovers. After Sony’s original poor stock market, the impact of the storm was shaken, Sony urgently convened a general meeting of shareholders, and notified Summit Entertainment, requesting funds from MGM to respond.
In this regard, Mitchell said simply: “No!”
“Corporate predator Carl Icahn, the lone wolf on Wall Street, finally aimed his blood at Sony! Overseas hot money madly attacked Sony stock, or caused the biggest stock market shock after the subprime mortgage crisis!”
Carl Icahn, a name that scared Wall Street CEOs, became famous for the hostile takeover of Global Airlines. What he does best is to acquire listed companies, then change his leadership, stimulate performance, and then cash out. It is rumored that Icahn has set his sights on Warner Bros., but suddenly killed a carbine and rejoined the MGM battle.
I have to say that a predator is a predator, and the blood seals the throat when it is shot.
Sony’s stock plummeted and most of the funds evaporated.
Several important leaders have been on TV over and over again, declaring that the company’s finances are healthy and that this capital will not succeed! As a large company, a large enterprise that has been vacillating for decades, shareholders immediately gained confidence after this appearance.
At this time, it’s time for Peak Entertainment to play.
After Mitchell said no, he continued to trap Sony’s funds on the grounds of fear of risk, and then speeded up MGM’s restructuring plan, so that Sony could not keep up. Sony President and President Ryoji Nakaba personally flew to San Francisco, which is another filming location for “The Avengers” and the new home of Shao Shuaijun and Li Xiuxiu.
“President Zhongbo, I regret that Summit Entertainment has already held a board of directors. We can’t delay the plan without authorization. This is not in the interests of our shareholders. We deeply regret what happened to Sony. Carl Icahn is a danger. Character, we don’t want to offend him.” Li Xiuxiu declined Nakaba Ryoji’s request with an embarrassed expression.
“Mr. Li and Director Shao must help. Sony is willing to make concessions in the cooperation and take Summit Entertainment as the leading.” Ryoji Nakaba said unhurriedly, taking his time off.
Li Xiuxiu still shook his head: “This is not in the interest of chasing dreams. We are a new company and our ability to resist risks is too low. MGM’s planned abortion will have a huge impact on us, so sorry.”
“You have already acquired Lucasfilm and DreamWorks, do you still care about this risk of MGM?” Nakaba Ryoji was a little anxious.
No matter what he said, Li Xiuxiu just shook his head, and Shao Shuaijun sat aside, revising his scene script, without any intention to intervene.
“Carl Icahn, who is unwilling to Dream Entertainment, would you like to offend Sony?” Seeing that the request had no effect, Nakabachi Ryoji started to have a threat in his tone.
Before Li Xiuxiu spoke, Shao Shuaijun suddenly raised his head: “I’m really not afraid. Dreaming Entertainment can make 20 billion U.S. dollars a year. If you raise funds, you can raise hundreds of billions of U.S. dollars without saying anything. There really is nothing we should be afraid of!”
“But you are afraid that MGM plans to take risks!” Knowing that his tone was not good, Nakabashi slowed down again.
“Because we are businessmen, we only make money without losing money. We will not touch any business that may lose money!”
Words are not speculative.
In the end, Ryoji Nakabachi could only get up and leave in angrily: “Director Shao, President Li, Sony can exist for a hundred years, and it has never fallen, this time too!”
Seeing Ryoji Nakaba’s hurried departure, Shao Shuaijun rolled his eyes: “I can still magnify the conversation and hold up the scene! You can’t stop me, I only want MGM’s film library and Spider-Man!”
“Nakaba Ryoji will come to ask. The Japanese are the best at stalking, watch it.” Li Xiuxiu said.
“I won’t let him in when I come back in the future! I don’t want to return if I hold Spider-Man, and I have to get up. I hate Japanese people the most.” Shao Shuaijun said in an angry voice.
Financial professionals are concerned about Icahn’s attack on Sony, and ordinary people are concerned about the box office of “Thor”, and life goes on as usual.
From May 13th to 15th, “Thor” won the North American box office list with 34.5 million U.S. dollars. So far, North America has accumulated 120 million U.S. dollars and the global box office is 290 million U.S. dollars. Another “Red Flame Battlefield 2” has quickly ended its release, with 50 million U.S. dollars in North America and 120 million U.S. dollars in the world. The results are very sloppy. “Weakness” is still in theaters, but all such high-reputation literary films have a particularly long release period, currently at $288 million worldwide.
From May 20th to 22nd, “Pirates of the Caribbean 4: Stormy Tides” was released, stealing the title of Thor. From May 27th to 29th, “Kung Fu Panda 2” produced by DreamWorks Animation was handed over to Summit Entertainment for distribution. Although the review of the DreamWorks acquisition case has not yet come down, the cooperation has already begun.
“Kung Fu Panda 2” has a good start, with $53.6 million. It put “Pirates of the Caribbean 4: Stormy Sea” under his body and won the weekly championship. The overseas results are even more impressive, with $69 million in a week and $130 million globally.
Seeing that June is approaching, Summit Entertainment will take over from “Teddy Bear” and “The Hangover” and continue this year’s comedy brand “Magic Mike”, which will soon be released in the United States.
At this time, the review of the acquisition of DreamWorks was finally passed. Summit Entertainment purchased DreamWorks Animation for US$2 billion. The company’s original staff positions remained unchanged, and Jeffrey Katzenberg joined the ranks of top executives. This good brand animation film company that has lasted for more than ten years has finally become a piece of the board of Dream Entertainment.
On the other hand, after Jon Philheimer’s behind-the-scenes promotion, Summit Entertainment successively acquired shares of several shareholders and successfully merged Lionsgate Pictures tepidly into Summit Entertainment. Jon Philheimer, who promoted the acquisition, also received shares from Shao Shuaijun, became a major shareholder of Lionsgate, and joined the top executives of Dream Entertainment Group.
In addition to MGM, Summit Entertainment’s expansion mission this year has been completed. The remaining time can be slowly digested and these companies can be organically and harmoniously integrated into the Dream Entertainment Group. (To be continued. Please search Piaotian Literature, the novel is better and updated faster!)