Just after January 1, Jed Sherman Film and Television Entertainment Group sued Walt Disney Company; It is another company under the Jed Sherman Holding Company-Jed Sherman Interactive Entertainment Group.

It has to be said that Shannity deserves to be No. 1 among the "Top [-] Outstanding Corporate Managers in the World" jointly selected by the American "Business Week" and the British "Financial Times".In silence, the company under Jade's name completed the second reorganization and began to list companies one after another.Galaxy Film Company, Dongfeng TV Company, Warner Dongfeng Broadcasting Company and Asia Broadcasting Group formed the Jed Sherman Film and Television Entertainment Group; Google, Blizzard and other network and Internet technology companies formed the Jed Sherman Interactive Entertainment Group; Samsung Mobile , Pioneer Optical Storage Technology Company, and Android Mobile Storage Device Company formed the Jed Sherman Technology Development Group; Huamei International Bank, Huamei Asian Commercial Bank and Hualin Investment Securities formed the Jed Sherman Financial Investment Group.

And these four major groups are controlled by Jed Sherman Holdings at the same time, and there are only three shareholders of Jed Sherman Holdings, holding 60% of Jed Sherman who is also the chairman of the company's board of directors; accounting for 30% of the shares Mr. John Colombo, who is also the president of the company, and Shannity, who holds 10% of the shares and also serves as the executive vice president and chief executive officer.

Shannity’s first company to go public was naturally Warner Dongfeng Broadcasting Corporation. In addition to the wireless TV network Warner Dongfeng TV Network, this company also operates two cable TV networks, History TV Network and Life TV Network. Outer Warner Dongfeng Broadcasting Company announced that it will also set up AmC film and television channel and VIVA music channel this year.Therefore, although the Dow Jones Industrial Index clearly stated that Warner Dongfeng Broadcasting Company will not be included in the scope of index stocks, Standard & Poor's stated that Warner Dongfeng Broadcasting Company will be included in the constituent stocks of the S&P 500 Index under appropriate circumstances.

Not long after Warner Dongfeng was listed on the New York Stock Exchange, the two major companies under the Asia Broadcasting Group - Asia Hong Kong Television Company and Asia Satellite Television Company were listed on the Hong Kong Stock Exchange and the Nasdaq Exchange respectively.All of a sudden, there were three listed companies in the company under Jade's name, so many institutions began to evaluate Jed's personal assets.

As the first new giant to be studied in the millennium, the two so-called lawsuits of the century are also attracting attention.The contradiction between Sherman Films and Disney has been going on for a long time. Some insiders pointed out that Sherman Films’ annual box office and copyright revenue accounted for more than [-]% of Bona International’s revenue, and the remaining [-]% was owned by Disney. Disney Productions, Disney Animation, Touchstone Pictures, Hollywood Films and many other companies share.Such a result has already caused dissatisfaction within Disney. In addition, Sherman Films and Television is actually involved in the TV network, so Disney has to tear itself apart with Sherman.

Some lawyers believe that contract termination and compensation are not issues, but the amount of compensation and the termination date of the licensing agreement are what Disney wants to fight for.Disney hopes that the less the compensation, the better, and more importantly, the ownership of the copyright.The practice in the United States is that the copyright belongs to the production company, but the distribution company generally gets a ten-year copyright usage period.During this ten-year period, the publishing company has the right to distribute the work in any channel around the world in addition to the normal share.

Sherman Film and Television must be willing to give up this agency right. After all, my family will soon have a movie channel. Why don't my own works be broadcast on my own channel?You must know that the movies produced by Yinhe Films are all high-quality movies, even if they are broadcast on cable channels now, they still have quite a ratings.Such works are taken back and broadcast on their own channels. On the one hand, they save money, and on the other hand, they also attract subscribers for their own channels.Therefore, the ins and outs of this case are very clear. On the contrary, the case of Yahoo Softbank v. Sherman Interactive is confusing. The cause of action of Yahoo SoftBank is Sherman Interactive’s commercial fraud and unethical transactions.

雅虎软银公布了一份对赌协议,如果雅虎的股票在1999年12月31日之前能超过100美元每股,那么雅虎和软银必须以120美元每股的价格溢价收购谢尔曼互动手上的雅虎股票,同时软银还必须以1999年12月30日的成交价的80%出售其手上的阿里巴巴集团股票给谢尔曼互动。原本这份对赌协议对雅虎来说是有利的,收购股票自然是要溢价150%甚至更高才可以,他们只是溢价120%收购应该很占便宜才对。可问题在于雅虎股票在1999年11月25日站上108美元大关之后就一路下滑,目前在80美元附近徘徊。所以这样的收购势必导致雅虎和软银的极大损失,而且软银还要赔上阿里巴巴集团,这让两家公司如何能接受?

Unable to terminate the VAM agreement, they had no choice but to sue Sherman Interactive for fraud and improper transactions in an attempt to abolish the VAM agreement.But where did Jed agree? The end of 2000 was the beginning of the Internet winter. After this winter, Yahoo fell into a slump. How could Jed want this money-losing product?Jade is now raising money to build a new Google. In the future, Google will not only be a search site, but also integrate functions such as video, Weibo, and social networking.However, the development of these functions involves money the most. Jed must bite off a piece of fat from Yahoo and Softbank.

The two major lawsuits in the beginning of 2000 are related to the most popular companies at present. How can the media not care?Due to the control of the Federal Communications Commission, wireless stations can only make progress in the daily evening news broadcast, but the weekly news features basically have at least half an hour of weekly case reviews; when it comes to cable stations and satellite stations, although There is no exaggeration to the point that the news is refreshed in real time, but at least ten minutes of the three important news programs every day are about this case.

What made Jed laugh and cry the most was that after a small TV station in Los Angeles was acquired by several bankruptcy lawyers, it actually applied for a satellite channel to Jed's holding company, Guidance Satellite TV Company. This satellite station is called - Los Angeles Court Direct Channel .At least half of the program of about eight hours a day is analyzing the two cases of Sherman Film and Television and Sherman Interaction, and this improvised channel—news programs are edited, and there is only one small channel in the studio. In the first quarter of 2000, it became the most popular new channel, and the number of subscribers instantly refreshed to 12.Although it can't compare to those first-line channels that have been famous for a long time, it can be regarded as the best among the third-line channels.It is said that this channel has started recruiting and preparing to continue to track major cases.

There is nothing to say about the lawsuit with Disney. Both parties know that the problem will not be resolved in a short while, so they don't pay much attention at all.Although the distribution rights of all works related to Galaxy movies have been temporarily frozen, Disney and Sherman Films have not been hurt by this. Injunctions and anti-injunctions, and then there are occasional court sessions where witnesses and expert witnesses are invited to explain the case.

However, Yahoo is miserable. Sherman Interactive directly applied to the court for an injunction, requesting custody of Yahoo and SoftBank’s assets in the United States, so as to prevent the two companies from going bankrupt and escaping debt after losing the lawsuit.The court quickly agreed to the injunction of Sherman Interactive, because Sherman Interactive has the upper hand in the whole case, and Yahoo and Softbank are indeed likely to transfer assets and then go bankrupt to avoid debts, so the court quickly froze Yahoo and Softbank bank account.

For Internet companies that need to burn money every day, freezing their accounts is basically a dead end. Although Yahoo has repeatedly appealed to cancel the injunction order, they have not been successful.At the same time, Softbank was quite unlucky. Not only was Softbank's account in the United States frozen, but its Alibaba stock was also frozen.

What frustrates SoftBank's partners the most is that Alibaba was temporarily suspended from trading and required not to trade until the case is pronounced.Faced with such an injunction, Masayoshi Son appealed several times in Japan through Japanese and American media, believing that the American courts are favoring American companies.Seeing such reports, Jed could only sneer. If the American courts don't help American companies, do they also help Japanese companies?Although the Sherman Group has invested overseas, it also has a lot of domestic investment, especially in media and the Internet. How many tax dollars and job opportunities has the Sherman Group created for the United States!Whoever wants to make trouble with the Sherman Group is making trouble with the U.S. federal government, the local government of California, and the city government of Los Angeles!

Both Yahoo and SoftBank were companies in dire need of cash flow, so Jade was more than happy to watch Masayoshi Son and Jerry Yang jump up and down there.Since you wanted to play with others back then, you had to be prepared to be played by others.Originally, Jade didn’t want Yahoo to fall. After all, according to Jade’s original idea, it was to make Google feel at ease as a search engine and do technical development; while Yahoo was in charge of portals and content, so the two companies still have a strong complementarity .But Jerry Yang really can only share adversity but not wealth. He wanted to get rid of Jed when Yahoo achieved initial success.

Fortunately, Jed left a loophole in the contract that was beneficial to him, so he had to turn defeat into victory.But what Jed didn't expect was that Jerry Yang would rather lose the Asian market than lose control of Yahoo and unite with a Japanese to drive him out, so Jed decided to kill Yahoo.Since he is an unfamiliar white-eyed wolf, don't blame yourself for being cruel.Although the development of Yahoo in the later period was not smooth, it has always been one of the best Internet companies in the United States and even in the world. In order to prevent Google from encountering a powerful Yahoo, it is what Jade has to do now to disable or even kill Yahoo. Already working.

Jade is not worried about Yahoo's bankruptcy. If Yahoo goes bankrupt, then he, as the largest creditor, will have the opportunity to participate in Yahoo's restructuring, and then he can openly kick out Yang Zhiyuan and Sun Zhengyi to receive everything from Yahoo and also buy Alibaba. .But the current situation is that Masayoshi Son will never sit back and watch Yahoo go bankrupt, so he has to make a choice between Yahoo and Alibaba.Moreover, Jed covets Sun Zhengyi's mobile communication technology, especially Softbank's strength in satellite communication, so Jed is willing to sacrifice a little something in exchange for these technologies.Because 2003 will be the best time to acquire Iridium, a subsidiary of Motorola, and it is also an important step in Jade's future plans.So Jed was waiting, waiting for Masayoshi Son to give him a call.

"Mr. Sherman, Mr. Masayoshi Son from Softbank Corporation of Japan has called you." The secretary said suddenly.

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