Ace Hollywood
Chapter 289: 4.8 billion
Daniel's remarks were not cryptic, and of course Richard could understand what he meant. Although he didn't feel embarrassed about this at all, or any other emotions, on the surface, he always had to cover it up a little. Awesome Literature Network
The development of DD Films has always been smooth. Of course, the development of any company is always regular. The cake in Hollywood is only so big. The birth of a new major studio is not so easy, but it is also normal.
Nodding with unknown meaning, Daniel has no intention of discussing with Richard on this occasion that the seven majors set a ceiling for independent studios. Although, both he and Richard clearly understand one thing, that is, since the new century, it is simply impossible for Hollywood to have a seven-level studio.
First of all, the predicament of MGM can fully explain one point, that is, if there is no media empire standing behind it, the studio will not be able to survive. It is too speculative to rely solely on box office revenue, and only a huge and complex media network. Only in this way can we reduce expenses in all aspects and squeeze out the value of the finished film as much as possible. Likewise, this also ensures that the small year in the studio can be supported by the group to tide over the difficult times.
Behind Sony Pictures and Columbia is Sony, Fox is behind News Corporation, Warner Bros. is Time Warner, and behind Disney Pictures is Disney. If Gaomei is really acquired by Sony or Warner, then the large studios will truly become a game between entertainment and media giants.
In addition, as Richard said, Hollywood has no tendency to expand after entering the 21st century, and there is no way for a new giant to be born in a backwater.
These reasons are why Daniel chose to spend a huge amount of money to acquire MGM instead of continuing to develop DD Films. It is unbelievable, or very difficult, for DD Films to independently become a seven-level film studio. impossible things.
Maybe. Richard, that's my plan, I know Warners is going to back off, and now this is your only chance to get these movies. There's no way Sony would do this business with you. And we would, we never would It is more important to think that the past movies are worth remembering and that we have a future. I think you will fully believe this, DD Films. Including MB, F2F, and even Google behind us, do not have the ability and intention to Take advantage of these movies.
Richard, it's time for you to make a decision.
...
Time Warner's announcement that it had withdrawn from the bid for MGM was a big deal by any measure.
In fact, for Daniel, 2005 is really an extremely important year, which is also an important reason why he decided to push MB to go public and acquire MGM.
This year, MGM will be replaced by Sony, of course. Now it may be acquired by DD Films, once the only supreme palace of Hollywood and even the world's movies, it has to usher in a curtain call in a sense.
This is the year that the Weinstein brothers will be kicked out of Miramax Films, the movie business named after their father Mira and mother Max, which owns a library of films, as well as its The glorious history of 60 statuettes will bid farewell to the Weinstein brothers.
This year, Paramount will acquire Spielberg's DreamWorks -- in addition to the already listed DreamWorks animation division.
This year, Marvel Comics established its own film company-although they have not yet launched their own superhero movie, the pace of finding collaborators has already begun.
In the fifth year of the new millennium, Hollywood is booming. It is a good time for the heroes who are interested in making history to fight against the storm.
Daniel doesn't want to miss this moment, but fortunately, he won't miss it either, the preparations for the past few years. At this moment, it is enough for him to prepare all the conditions and foundations to meet the challenge.
The exit of Time Warner has made the competition between Sony and DD Pictures more obvious.
In just a few days, the two sides have fought many times directly or indirectly. Of course, the actions of the media and other opponents have also been involved. But there is no doubt that this incident has once again obscured the light of the awards season and has become the most watched news in Hollywood. The offices of DD Films and Sony, the residences of Daniel, David, and Mike Linton, and even Nobuyuki Idei ——The old helmsman who is about to bid farewell to Sony has been followed by the media 24 hours a day, and if there is any trouble, it will be reported.
Mike Linton publicly stated that Daniel is wishful thinking, MGM needs to be responsible for its own history and fans, implying that DD Films, which has only been established for a few years and has a shallow accumulation, should not acquire MGM with a history of more than 80 years. If DD MGM shareholders, especially Kirk, decided to hand over MGM to DD Films, which must have been an irresponsible move.
The arrogant will lose everything, and the company that understands the times can really be entrusted to. The previous remarks of Sony Pictures seem arrogant, arrogant and ignorant. DD Pictures has a deep understanding of what kind of movies audiences need in the current era. In 2009, DD Pictures’ revenue exceeded US$1 billion, which is enough to illustrate this point. MGM does not lack a glorious and glorious history, but they lack the ability to adapt to this era. DD Pictures is the most suitable for MGM Collaborators, we can make it glow with new brilliance. At this point, Sony's own performance is only unsatisfactory, so how can MGM trust Sony?
Sony Nobuyuki Idei's next candidate, Howard Stringer, who is currently the vice chairman of Sony America and the head of its global film and entertainment department, changed Mike Linton's fierce tone to Praise Daniel. Sandler is indeed a rare talent in this era. The DD Films he founded has become the top independent studio in Hollywood. Of course, Stringer did not forget to express his true intention , he then said, We know that when DD Pictures is only as big as it is now, a great leader is enough to make it extraordinary, but when DD plus MGM, rely on one person's talent and ability , It is indeed a very dangerous thing.” Stringer is obviously saying that DD Films lacks a mature system, and most of its success is due to Daniel Sandler. This is not a rare point of view, in fact In fact, except for Daniel. There is no reason to explain why DD Films develops so fast, why MB and F2F were born, and why Google has such a major shareholder. So, is MGM a shareholder, maybe They should really think about it, after all, they have gambled many times before, but they have no history of winning.
Howard Stringer has a great reputation in related fields. Nobuyuki Idei chose him as his successor, which is indeed very unexpected. The closedness of Japanese corporate executives is well known in the world. Choosing a foreigner as the CEO shows that Sony has reached the moment when it must change. For them, the film field is not the most important, and the most critical crisis lies in the challenges faced by electronic products, including music players, TVs, game consoles, etc. However, Howard clearly has a proven track record running Columbia Pictures. Spider-Man is his favorite work. This time he advocated the acquisition of MGM, and he was also in charge of it.
Facing the call of the opponent's general. Daniel responded by taking the opportunity to attend a Hollywood public event for the first time in over a year.
DD Films held the nomination luncheon for this year's Oscars. Daniel personally attended and entertained all the distinguished guests. In an interview, he clearly responded to the fights between you and me in recent days.
I am very grateful for Mr. Stringer's compliment. But I have to say that I don't know what Sony's corporate culture is, but DD Films is not a company that advocates individual heroes. We don't have a dictator here .I will choose some scripts for DD Films, and recommend some actors and directors. This is my advantage. After all, I am a Hollywood actor with some achievements and fame. You allow me to be arrogant. However, the specific production and release of a movie .It depends on David, Ferguson and our team members. I don't have the ability and time to do everything. An obvious example is the success of The Social Network, its post, publicity, distribution, I'm all on campus at Berkeley adjusting to my new life, but obviously. My mates are doing great. So Howard's concerns about DD Films, we appreciate, but feel completely unnecessary.
Before deciding to acquire MGM, we already had full plans and preparations. We are determined to continue this great brand. We have this ability, and I think we are trustworthy.
The level of the two sides' speeches is getting higher and higher. When Howard Stringer and Daniel Sandler fight each other, it has already shown that the final result is very close. After all, Sony and MGM have been in contact for more than half a year, and DD Pictures has been operating for several months.
For this acquisition battle that is about to reach its final result, both MB and F2F have created special pages, and the timeline clearly shows the major events and milestones in the entire acquisition process.
The latest, of course, is Time Warner's exit.
Then, Time announced to join DD Films' leading acquisition group.
Obviously, Richard was convinced, and then he convinced Warner's board of directors-this shows that the media's guess is not wrong, and Time Warner's goal is MGM's precious film library. So when they signed an agreement with DD Films, they quickly slapped their rival Sony and turned to support DD Films.
This is of course a major benefit for DD Films.
If the previous DD Films was still a little thin, then after joining Time Warner, they have clearly surpassed the Sony consortium in an all-round way.
Howard was arguably deeply entrenched in the film industry, but he also had no way of knowing what agreement Time Warner had made with Daniel. Why did such a shocking and dramatic change happen so quickly after Daniel visited Richard once, that Time Warner actually gave up its own acquisition plan and became a part of DD Films instead.
Although Sony and Viacom also cooperated in this acquisition case, this is different. In front of Time Warner, DD Pictures really should not get an equal or even a higher status.
There has of course been much speculation about this transition.
There are two people who feel the same way about this.
One of them is Disney's Robert Iger. When Daniel wanted to join Pirates of the Caribbean, facing the joint opposition of Gore Verbinski and Jerry Bruckheimer, Daniel resolutely assumed 30% of the investment With Robert's direct help, 30% of the investment rights in the Pirates series have now become one of the most important assets of DD Films. Therefore, among the power figures in Hollywood, Robert may be the one who understands Daniel's strong will the most. If he identifies one aspect, he will make a rather risky move-this time, Warner was obviously convinced by him. As for what this risky move is, Robert's guess is almost the same. Maybe Daniel decided to give up MGM's film library, a treasure trove that is of little use to him but of great significance to Time Warner—— It may mean the birth of a new king of content providers in the field of movies and TV series.
Knowing Daniel as well as Robert, there is Larry Page who is far away in Silicon Valley. Although Page, who was severely counted, did not have any bad impressions on Daniel, he obviously understood the discussion about Daniel's work. He must have pinched Time Warner's G-spot, otherwise Warner would not have decided to cooperate with DD Pictures so quickly. According to this principle, Page also set his sights on MGM's coveted film library.
In any case, these speculations will not be confirmed by Warner and DD Pictures.
On February 6, Sony and DD Pictures announced their latest offers at the same time.
4.8 billion!
4.8 billion!
The two parties offered the same 3 billion to MGM, buying all the shares at a price of 12 US dollars per share. In addition, they also had to bear the 1.8 billion foreign debts accumulated by MGM over the years.
Apparently, the two parties agree on the current value of MGM. 4.8 billion is the highest estimate at present, and it will be meaningless if it is higher. Even, for Time Warner, more than 4.6 billion is not attractive enough in itself. After all, apart from the film library, the 007 series, the Pink Panther series, and the copyrights of The Hobbit, other assets must be disposed of for Warner.
Now, the option is in the hands of Cork and shareholders.
The price tag is ultimately the same.
In the end, MGM was sold to Sony, which owns Sony Pictures and Columbia Pictures.
Or marry the company to the independent film studio DD Films, creating a new record in the history of Hollywood mergers and acquisitions.
It's a difficult but not hard choice -- and Cork will make a fortune no matter what. (To be continued.) WWW.GEILIWX.COM happy reading every day
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