The Best Entertainment Era

After Robert Lee made several contacts with Stewart Coleman, Ronan and Mark Randolph came to Los Angeles and headed straight to REO near USC.

Walking into the office of this company, Ronan observed secretly, just looking at the old office environment, Rui Ou seemed to be worse than Netflix.

He knew about the company Ruiou for a long time. If it wasn't for the acquisition of Netflix, it would have people do a special market research. He didn't even know that they had established a website similar to Netflix.

Ronan was originally engaged in the film and television and peripheral industries, and the company's various market researches have never stopped. Even he, an industry insider, has never heard of it. It can be imagined that the business volume of the Ruiou website is too small.

Led by the secretary, Ronan entered a reception room with Robert and Mark Randolph.

Please wait a moment. The secretary said politely: Mr. Coleman is on the phone and will be here soon.

Ronan smiled: It's okay.

Mark Randolph, who has been in the mall for a long time, said softly: This company is a bit like Netflix.

Robert Lee nodded slightly, and said in a low voice: My initial contact with Stuart Coleman was not smooth.

Ronan said calmly, Wait for a while.

The evaluation team of Relativity Entertainment conducted a preliminary evaluation of Ruiou Company. Ruiou's operating conditions are quite bad, especially investing huge sums of money in the Internet video rental business, which has not brought much return at all.

The registered users of Netflix are more than ten times that of Ruiou, and they use DVD, a video medium that costs less than video tapes. It is not difficult to guess the performance of Ruiou by looking at the situation of Netflix.

Ruiou's biggest assets are the chain stores in Southern California, and the rental and sales copyrights of 18,500 film and television works.

Footsteps sounded, and then the door was pushed open from the outside, a middle-aged man wearing glasses walked in, seeing the three of Ronan, he quickly said apologetically, Sorry, I have a temporary call, let you take a long time waited.

Robert had already dealt with Stuart Coleman a few times and introduced both sides right away.

Since the two sides have been in contact several times, the two sides immediately entered the topic after a simple exchange of pleasantries.

Mr Anderson.

Stuart Coleman asked directly: Does your company want to acquire my Ruiou?

Since the other party asked this question, there was no need for Ronan to deny it: I am very interested in your company.

Stuart Coleman suddenly laughed and said casually, Why are you all interested in my company?

Ronan heard the meaning of these words: Besides us, are there other companies that want to acquire Ruiou?

Yes. Stuart Coleman seemed to be a very straightforward person: Hollywood Video Company has been in contact with me since the end of November, and wants to buy my company as a package.

Mark Randolph frowned insignificantly. This sudden accident made him subconsciously feel that the acquisition might be troublesome.

Ronan looked at Robert, and Robert Lee waved his hand lightly, indicating that he hadn't found this information before.

But Stewart Coleman dared to say this, Ronan believed that it was definitely not just talking about it. I am afraid that it was a secret negotiation between Hollywood Video and Stuart Coleman in private, and the news did not spread at all.

Stuart Coleman looked like a carefree, unusually direct kind of person, and asked without turning a corner: Mr. Anderson, at what price do you plan to acquire Riou at Relativity Entertainment?

Ronan said: Of course it will be a price that satisfies Mr. Coleman. He turned to ask: Mr. Coleman is willing to sell Ruiou?

Of course. Stuart Coleman said, I'm a businessman. As long as the price is right, a company is a commodity.

Ronan remained calm, but breathed a sigh of relief. In fact, he was most worried about the situation because he would not sell anything. As long as he was willing to sell, even if there were competitors, it would be a matter of price.

Stuart Coleman specifically reminded: Mr. Anderson, if you have the sincerity to acquire Ruiou, you'd better move quickly. I may reach an agreement with Hollywood Video at any time.

Ronan was also worried that what the other party said was true. Once there was a situation on Ruiou's side, he had to adopt the backup plan of negotiating with Blockbuster or directly obtaining the copyright from the film company.

The price to pay for this may be even greater.

But he will not show it, his expression is still very calm, and he said: My evaluation team is evaluating your company...

Before Ronan could finish speaking, Stuart Coleman interrupted: Actually, I really want to cooperate with Relativity Entertainment and Netflix. Netflix's business model is also my ideal and goal. I am on the Internet. I did not succeed together, but I always believe that Internet rental has broad prospects. If Ruiou is merged into Relativity Entertainment and develops together with Netflix, it can also represent my goals and wishes.”

These words are full of voice and emotion, as if expressing an entrepreneur's infinite love and affection for the company.

Ronan listened to the nonsense carefully, not believing a word of it.

Stuart Coleman added: Personally, since I am selling the company, of course I have to find a suitable next home. You are the most ideal targets.

Ronan seemed to be very serious and replied: Relativity Entertainment is very sincere, and it is also the most suitable company for Ruiou.

Stuart Coleman still had the straightforward look, he sighed for a long time, patted the sofa lightly, and said with countless helplessness: But I have to be responsible for the shareholders of the company, and also for The staff are in charge and the price is something I have to consider.

Ronan knew the topic was coming, looked at Stuart Coleman, and waited patiently.

Stewart Coleman said: Hollywood Video has been talking to me for a long time, and there has been an offer of 80 million US dollars, but I have not agreed.

Ronan didn't care about anything else, and kept his previous attitude: Don't worry, Mr. Coleman, Relativity Entertainment will definitely sell you at a price that satisfies you.

Stuart Coleman said with a smile: I believe in your sincerity. Relativity Entertainment and Netflix have a bright future, and they will definitely bring a better future for Ruiou.

It was as if the two sides had reached an agreement.

Ronan was very clear that there was no need to continue the discussion today, and said: Mr. Coleman, Relativity Entertainment must go through the evaluation process. After the evaluation is over, we will officially start negotiations. Wait a few days.

Stewart Coleman stands up and shakes Ronan's hand: Hopefully it's not too long.

Ronan replied, It won't be very long.

Stewart Coleman said: Then I will wait for your good news.

Hollywood Video's contact with him, including the bid of 80 million US dollars, was all true. If Robert Lee had not contacted him on behalf of Relativity Entertainment before, as long as Hollywood Video added more chips, it would have sold Riou.

but now……

The rivalry between the two companies may bring him even more money.

Let’s talk about Theory of Relativity Entertainment with Hollywood Video later. The negotiation with Hollywood Video can also disclose more information to the outside world.

Regardless of which party the company is sold to, Stewart Coleman must first ensure the interests of himself and shareholders.

Ronan, Robert and Mark Randolph leave Rieu and head to a Bentley together.

It's an omission in my work. Sitting in the co-pilot, Robert Lee said, I didn't notice Ruiou's contact with Hollywood Video Company.

Ronan shook his head: It has nothing to do with you. If they were in private and secret contact, it's normal for us not to notice.

Mark Randolph asked: Is what Stewart Coleman said true?

This kind of thing should not be fake. Ronan said to Robert Lee: You should check it quickly. Since Stuart Coleman told us about this matter, he will contact Hollywood Video again later. We will definitely release relevant information to the outside world.”

Mark Randolph nodded, and said, He wants the two companies to compete.

Ronan thought for a while and said, First investigate some specific situations, and then adjust the plan according to the situation. He was very clear about one thing: We may pay a greater price than expected.

If Hollywood Video's acquisition intention is extremely strong, it may even lead to a bidding war between the two parties.

In this way, Relativity Entertainment is very likely to pay 20 to 30% higher than the actual value of Ruiou Company, or even more funds.

Robert Lee reminded: If the funds exceed the budget too much, it may affect the cash flow of Relativity Entertainment.

Mark Randolph did not answer. As a latecomer, it is better for him not to speak for the time being on the issue of the head office.

This matter was more complicated than expected, but Ronan had also made an alternative plan before, and with the increase in capital in his hands, it did not make it too difficult.

We are now making three-handed preparations. Ronan said directly: Robert, you should investigate the contact between Hollywood Video and Ruiou as soon as possible, and keep in touch with Ruiou. I will mobilize funds and prepare for the worst. Bidding to buy.

Both Robert and Mark Randolph know that this is the worst possible scenario.

Ronan continued: Also, be prepared to talk directly with Hollywood studios about DVD purchases and rights licensing.

Embassy Pictures has the ability to print and distribute DVDs. Robert reminded: If we buy directly from other film companies, we may pay a higher price.

Ronan sighed: Without copyright, there is no way to print DVDs. He added: Embassy Pictures has a business relationship with Hollywood Video, let them contact Hollywood Video to see what Hollywood Video's request for the acquisition of REO is.

Okay. After Robert Lee finished speaking, he reminded again: There are still funds.

Ronan said: If there is a bidding, I will find a bank loan.