The Best Entertainment Era

Just as Ronan was dealing with the dispute between Charles Rowan and Christopher Nolan, a sensational event happened in Hollywood.

The Disney family, represented by Roy Disney, united a number of Disney shareholders to hold a press conference and publicly accused the current chairman and CEO of Walt Disney, Michael Eisner, pointing directly at Michael Eisner Arbitrary and serious procedural error in Walt Disney's hiring and subsequent firing of Michael Ovitz as CEO of Disney, resulting in Disney paying Michael Ovitz $140 million for breach of contract gold.

Additionally, they allege that Michael Eisner was directly responsible for much of Michael Ovitz's wasteful spending during his extremely short tenure at Disney.

For example, Michael Ovitz spent more than 5 million U.S. dollars to decorate his luxurious office. Others, such as vehicles, airplanes and daily life, etc., all kinds of excessive expenses are countless.

The consortium headed by Roy Disney officially announced that it would file a public prosecution in Delaware, where Disney is registered, and sue Michael Eisner to the Delaware Chancery Court, demanding that Michael Eisner be responsible for the matter. And proposed compensation of up to 250 million U.S. dollars with interest.

It is relatively rare for shareholders to sue the current chairman and CEO of the company, even in a business society like the United States.

With the holding of the press conference, Disney's internal conflicts and the internal struggle between Roy Disney and Michael Eisner were officially made public and placed in front of the media and the public.

For a time, from the financial circle to the entertainment circle to the general public, it can be said that there was a lot of discussion.

This is undoubtedly the killer move carefully prepared by Roy Disney.

The Michael Ovitz incident back then was not considered a secret in high-level circles, and everyone basically understood the cause and effect. Michael Eisner must have had problems with the procedure.

For those who intend to cooperate with Michael Eisner, especially those who are willing to borrow funds, they have to consider the possible corresponding consequences if Michael Eisner loses the lawsuit.

Disney's share price, which had been slowly declining, has also begun to stabilize.

Walking down the hallway to the conference room, Robert Iger said to Ronan: It's clear that Michael Eisner and Roy Disney are trying to get allies while using money to buy shares in Disney to get more control. A lot of initiative.

Ronan said: Roy Disney is old and strong, which will cut off Michael Eisner's source of funds.

Robert Iger nodded and said: Michael Eisner will not have a lot of liquidity,

In recent years, apart from his income as a professional manager at Disney, he basically has no other large sources of income. Those incomes that have become fixed assets are not easy to cash out in a short period of time.

He sighed softly: Michael Eisner actually controls a lot of funds, but Disney's money is not his money. If he dares to embezzle it, he will die suddenly.

Ronan said: Michael Eisner would not be so stupid and take the initiative to apply to go to prison. He should know that Roy Disney will definitely be watching him.

Robert Iger added: Roy Disney has obviously been preparing for many years. He may have had the initial idea of ​​ousting Michael Eisner in the late 1990s. If this continues, Michael Eisner has little chance of winning.

Ronan also discovered that Michael Eisner was not wronged when he lost.

Perhaps, Michael Eisner thought that as long as he sat on the position of chairman and CEO of Disney, he would have an absolute advantage, and he has never paid much attention to Roy Disney.

In the past two decades, Michael Eisner has indeed dismantled the Disney family's shares in Disney through acquisitions, financing, and share expansion, so that Walt Disney no longer only belongs to Disney.

The two came to the meeting room at this time. Ronan opened the door and walked in first, followed by Robert Iger.

Good morning, everyone. Ronan greeted with a smile.

Most of the people here are acquaintances, who have direct investment relationship with Netflix.

Not many people, only five people.

On behalf of Goldman Sachs was an old acquaintance, Lloyd Blankfein.

Steve Jobs also came over. Although he didn't say a word, sitting here represented an attitude.

Ronan shook hands and said hello one by one, opened the chair and sat down, waited for Robert Iger to say a few words on the scene, took over the initiative, and said directly: Everyone, we have cooperated before, and we are all members of Naifei Network. shareholder.

When it comes to Netflix, everyone is in a good mood, talking and laughing.

Since investing in Netflix, they have never regretted it. The rising stock price of Netflix has also made their investment income continue to rise.

Lloyd Blankfein said: There are still too few Netflix shares in circulation on the market. Ronan, when Netflix will conduct a secondary financing, we have been waiting.

There will definitely be a second round of financing. Ronan knew that the days of Netflix burning money are still to come: Please wait patiently, we are partners. If Netflix raises money again, it will definitely give priority to everyone here.

These words undoubtedly made the atmosphere in the meeting room more harmonious.

Steve Jobs didn't speak, just observed silently, and became more and more certain in his heart that Ronan Anderson was worth investing in.

With vision, ability and determination, such young people often mean a bright future.

Everyone discussed for a while, and Ronan changed the subject in a timely manner: Besides the Netflix network, we actually have a common identity.

There isn't a single idiot here, of course they understand what Ronan is talking about.

Ronan said: We are also shareholders of Walt Disney, holding more than one percent of Disney's equity, which is worth more than 350 million US dollars.

Lloyd-Blankfein said: Goldman Sachs estimates the most, close to three percent, and a total value of $1 billion.

A senior executive from Morgan Stanley said: We have a lot of hands. We originally thought that Disney would merge with ABC TV. Once the integration of the two parties is completed, Walt Disney's stock price will rise significantly, but as a result... Disney has really Very disappointing.

Another person said: It's a pity to sell it, and you may even lose money. If you keep it in your hand and there is no hope for a short period of time, it is not a good investment.

Among all the people here, Relativity Entertainment is the latest to enter. Ronan said at this time: But it also invested hundreds of millions of dollars.

Lloyd Blankfein was surprised: I have always wondered why Relativity Entertainment suddenly wants to own Disney.

Ronan said directly: Because I saw an opportunity, an opportunity to make money on Disney.

These people immediately thought of Roy Disney who came to the door some time ago, and exchanged glances with each other, guessing that Ronan might be standing with Roy Disney.

Want to use your influence and partnerships to gain allies for Roy Disney?

Lloyd Blankfein, who is most familiar with Ronan, said directly: Ronan, it seems that you are ready to support Roy Disney?

Before Ronan could speak, another person said, Can Roy Disney turn Disney around and make our investment worthwhile?

Support Roy Disney? Ronan said suddenly, Why support Roy Disney?

Everyone, including Lloyd Blankfein, looked at Ronan with a little surprise, and these words really surprised them.

Ronan specifically asked: Everyone, I don't know if you have considered, is Roy Disney capable of leading Walt Disney out of the predicament?

He didn't need anyone else to answer: Who developed Walt Disney from a single studio to today's entertainment media group? In the past two decades, Roy Disney has never participated in Disney's front-line work. The first-tier market is too far away. To put it inappropriately, he has neither the ability nor the energy to ensure that Walt Disney is back on track. Of course, he can hire professional managers for Walt Disney again, but one who is far away from the first-tier market and has too much management How likely is it that a person who has lived for twenty years will make the right choice?

Everyone didn't speak, but they were all thinking about Ronan's words.

Also, to say something a little arrogant, Relativity Entertainment and I are eyeing Walt Disney. Ronan now has the capital to say this: So, as a partner, I specially greet you in advance. Maybe Disney’s investment is nothing in the hands of those who have a big family and a big business, but it is also a property of hundreds of millions of dollars.”

He glanced at Robert Iger: Bob and I have a plan. If it is implemented smoothly, you will not only be able to recover your investment, but you may even hope to make a certain profit.

Lloyd Blankfein smiled: We're not investing resources in Disney anymore.

You don't need your input. Robert Iger said in a timely manner: The specific work is done by Relativity Entertainment.

He looked at Steve Jobs, and Jobs said slowly: I will also entertain with the theory of relativity.

The Pixar kids need to come home.

Relativity Entertainment really going against Disney? someone asked.

Ronan said, The Disney shareholder meeting will tell. He said to Robert Iger, Let's get started.

These are people who will never be tempted if they don't see the benefits, and Ronan didn't expect to be able to impress them with a few words.

Robert Iger personally sent the relevant plans to them: We will gain after these meetings. What you have seen and heard today, when you leave this conference room, it will be as if nothing happened. Me and Ronan will not admit it either. When the opportunity arises, it will not be too late for you to take action.

After quickly flipping through it, thinking of the huge influence and success rate of Relativity Entertainment in Hollywood and the film industry, Lloyd Blankfein said: Okay, we will wait patiently for a while.