The Best Entertainment Era

\u003cr /\u003e

Century City, Relativity Building. \u003cr /\u003e

\u003cr /\u003e

At the first board meeting after the Disney shareholder meeting, bickering was the only theme.\u003cr /\u003e

\u003cr /\u003e

Robert Iger told Ronan about the latest situation, I never thought that Disney's kindest Dick Cook would fall to Ryan Kavanaugh and David Ellison.\u003cr / \u003e

\u003cr /\u003e

Ronan was also a little surprised, saying, Ryan Kavanaugh and David Ellison are very attractive.\u003cr /\u003e

\u003cr /\u003e

Having said that, when wealth accumulates to a certain stage, people will always exude all kinds of incredible charms. \u003cr /\u003e

\u003cr /\u003e

Robert Iger said, Dick Cook's change of position has given Michael Eisner a strong dissenting voice on the board.\u003cr /\u003e

\u003cr /\u003e

Ronan said directly, Let's go to war as much as we want, and hope this war can last for a few more years. He then said, Is the deal settled on Wall Street?\u003cr /\u003e

\u003cr /\u003e

Wall Street is shorting Disney, but the considerable initiative is in the hands of Relativity Entertainment, and the horn of attack can only be sounded by Relativity Entertainment. \u003cr /\u003e

\u003cr /\u003e

The two sides are united because of their interests. Although Ronan did not participate, he still has to strive for the greatest possible benefits for Theory of Relativity Entertainment. \u003cr /\u003e

\u003cr /\u003e

Robert Iger said, It's settled. They have gained a lot this time, and our conditions are far from reaching the bottom line, so the negotiation is relatively easy.

\u003cr /\u003e

\u003cr /\u003e

He added that “these firms, led by Goldman Sachs and Credit Suisse, have provided the PIF with a one-time investment of a total of US$1 billion at a fixed rate of return of four percent per annum for a period of four years.”\u003cr /\u003e

\u003cr /\u003e

Ronan said, The average family is less than 150 million US dollars, which is not bad.\u003cr /\u003e

\u003cr /\u003e

Such a rate of return is too low in the eyes of Wall Street. Robert Iger said, They would rather play a Ponzi scheme than a stable fixed income.\u003cr /\u003e

\u003cr /\u003e

He also said, With this amount of funds and the completion of the acquisition of Pixar Studios, Relativity Entertainment can still maintain a very healthy financial chain.\u003cr /\u003e

\u003cr /\u003e

Ronan nodded and asked When will we announce?\u003cr /\u003e

\u003cr /\u003e

Tomorrow. Robert Iger said, They're ready.\u003cr /\u003e

\u003cr /\u003e

A few days before Christmas in 2005, Robert Iger, the CEO of Relativity Entertainment, announced through Netflix’s official Netflix sharing account that due to huge irreconcilable differences in the negotiations, Relativity Entertainment had completely suspended the agreement with Walt Disney's cooperation negotiations. \u003cr /\u003e

\u003cr /\u003e

A team of Relativity Entertainment, which had been visiting Disney headquarters in Burbank every day for talks, also withdrew to the Relativity Building. \u003cr /\u003e

\u003cr /\u003e

A day later, Steve Jobs also announced through the Netflix sharing account that Pixar Studios unilaterally terminated the acquisition negotiations with Walt Disney because they could not reach an agreement on the production concept. After the distribution contract expires, all cooperation with Walt Disney will be terminated. \u003cr /\u003e

\u003cr /\u003e

Not only shared through Netflix, Steve Jobs also stood up and accepted interviews with the media, claiming that he could no longer stand Michael Eisner, an autocratic megalomaniac. \u003cr /\u003e

\u003cr /\u003e

After years of being squeezed by Walt Disney, Pixar and Steve Jobs finally let it out. \u003cr /\u003e

\u003cr /\u003e

The ten-year love-hate relationship between Pixar Studios and Walt Disney is also completely over. \u003cr /\u003e

\u003cr /\u003e

After losing Pixar Studios, Disney Animation Studios' production team headed by Chris Buck and Byrne Howard officially handed in their resignation to Disney and announced their departure. \u003cr /\u003e

\u003cr /\u003e

Michael Eisner didn’t want to see Disney Animation Studios in recent years, coupled with the internal turmoil of power and profit after the shareholder meeting, after the liquidated damages were paid in place, he did not retain the animation production team headed by Chris Buck and Byrne Howard at all. the meaning of. \u003cr /\u003e

\u003cr /\u003e

Although Disney Animation Studio has more than one animation production team, it has lost the most Disney-inherited production force. \u003cr /\u003e

\u003cr /\u003e

Pixar Studio has completely ended its cooperation with Disney, Chris Buck and Byrne Howard's team has left to join Sandsea Entertainment, and the revival of Disney animation will become far away. \u003cr /\u003e

\u003cr /\u003e

For the time being, no one at the top of Walt Disney paid attention to these things. As Disney's stock price fluctuated violently, it caused a series of problems. \u003cr /\u003e

\u003cr /\u003e

These Ronan no longer pay attention, no matter who can control Disney in the end, they will face a huge mess. \u003cr /\u003e

\u003cr /\u003e

After Christmas, Ronan paid due attention to Ang Lee and Brokeback Mountain's Oscar competition. \u003cr /\u003e

\u003cr /\u003e

On the announced list of nominations for the Golden Globe Awards, Brokeback Mountain has been nominated for seven awards including Best Director and Best Dramatic Film. \u003cr /\u003e

\u003cr /\u003e

At the same time, the film has also won key nominations in several of the most critical weather vane awards. \u003cr /\u003e

\u003cr /\u003e

Ang Lee was nominated for Best Film Director at the Directors Guild Awards, Brokeback Mountain was nominated for Best Film at the Producers Union Awards, and so on. \u003cr /\u003e

\u003cr /\u003e

The Directors Guild's choice of the best director of the year has always been one of the best indicators for the Oscars. In the nearly 70 years of history, only six winners of the Directors Guild Award failed to finally win the Oscar Director Award. \u003cr /\u003e

\u003cr /\u003e

On December 31, the Academy of Motion Picture Arts and Sciences began to distribute ballots to nearly 6,000 judges distributed all over the world, and the Oscar competition entered the sprint stage. \u003cr /\u003e

\u003cr /\u003e

Also on this day, the distribution contract between Pixar Studios and Walt Disney officially expired. \u003cr /\u003e

\u003cr /\u003e

On the first day of the new year, Ronan welcomed the top executives of Pixar studios such as Steve Jobs, Idel Kammel, John Lasseter and Andrew Stanton at the Relativity Building. \u003cr /\u003e

\u003cr /\u003e

Witnessed by all parties, Ronan, on behalf of Relativity Entertainment, signed a formal acquisition agreement with Steve Jobs, representing Pixar Studios. \u003cr /\u003e

\u003cr /\u003e

Relativity Entertainment acquired Pixar Studios in a cash and equity exchange, and Pixar Studios became a wholly-owned subsidiary of Relativity Entertainment. \u003cr /\u003e

\u003cr /\u003e

In the press hall, when Ronan shook hands with Steve Jobs, the media reporters who had already been waiting in the audience pressed the shutter of their cameras to record this moment. \u003cr /\u003e

\u003cr /\u003e

Executives at Relativity Entertainment and Pixar Studios applauded, including a big hug from Robert Lee and John Lasseter, who had initially represented Relativity Entertainment and Pixar Studios. \u003cr /\u003e

\u003cr /\u003e

Both parties are very satisfied with this transaction. \u003cr /\u003e

\u003cr /\u003e

Relativity Entertainment has acquired Hollywood's leading animation content producer and the world's most outstanding animation technology provider. \u003cr /\u003e

\u003cr /\u003e

Pixar Studios has a stable marketing channel and sufficient sources of funding. \u003cr /\u003e

\u003cr /\u003e

Jobs pulled Ronan to stand in front of the media reporters to take pictures together, with a rare bright smile on his face. \u003cr /\u003e

\u003cr /\u003e

Considering Jobs' recent physical condition, the signing ceremony did not arrange an interview session, and Ronan accompanied him back to the lounge at the back, throwing the work of dealing with media reporters to Robert Iger and Edel Kamuel. \u003cr /\u003e

\u003cr /\u003e

Back in the lounge, sitting on the spacious single sofa, Steve Jobs said, Ronan, I can't imagine that the day when we become real partners will arrive so soon.\u003cr /\u003e

\u003cr /\u003e

Ronan casually replied, We have always been close partners.\u003cr /\u003e

\u003cr /\u003e

Of course, Jobs had another purpose when he said these words, saying, I will help you enter Apple's board of directors, and I hope you can support me.\u003cr /\u003e

\u003cr /\u003e

Ronan said solemnly, As long as you are still sitting in the position of Apple manager, I will be your strongest partner.\u003cr /\u003e

\u003cr /\u003e

Based on previous experience, supporting Steve Jobs is completely in line with his interests in investing in Apple. \u003cr /\u003e

\u003cr /\u003e

Jobs rarely said Thank you.\u003cr /\u003e

\u003cr /\u003e

Ronan nodded slightly, You're welcome.\u003cr /\u003e

\u003cr /\u003e

In fact, Jobs has never lacked opponents within Apple, especially the smartphone project, which has been strongly resisted by the personal computer business faction. \u003cr /\u003e

\u003cr /\u003e

There are contradictions within large companies. If they want to develop normally, they must be suppressed to a certain extent, otherwise Walt Disney will be the sign of the past. \u003cr /\u003e

\u003cr /\u003e

Ronan asked, When will Apple's first-generation smartphone be available?\u003cr /\u003e

\u003cr /\u003e

Jobs thought for a while and said, Aim for this year, but the test hasn't been completed yet, so we can't be sure now.\u003cr /\u003e

\u003cr /\u003e

Ronan said directly, Steve, come out for a trial prototype, remember to give me one.\u003cr /\u003e

\u003cr /\u003e

Jobs said Yes.\u003cr /\u003e

\u003cr /\u003e

The topic of the two never mentioned Pixar Studio again. With the conclusion of the deal, Steve Jobs no longer has the equity of Pixar Studio in his hands, and Pixar Studio has been owned by Relativity Entertainment. \u003cr /\u003e

\u003cr /\u003e

Ronan and Jobs didn't chat for long, when Laurene Jobs came in and reminded Jobs that it was time to go back and rest. \u003cr /\u003e

\u003cr /\u003e

Since Jobs passed out in India last time, his physical condition has not been very satisfactory. Fortunately, he stayed in North America and did not go to India to receive super treatment from his third brother. \u003cr /\u003e

\u003cr /\u003e

Sending off Steve Jobs, Ronan breathed a sigh of relief. With the acquisition of Pixar Studio, not only the number one animation studio in the industry and the copyright of all its works belong to Relativity Entertainment, but also the crucial animation studio. crafting techniques. \u003cr /\u003e

\u003cr /\u003e

Most computer animation productions in Hollywood today use equipment and techniques developed by Pixar Studios. \u003cr /\u003e

\u003cr /\u003e

Of course, Relativity Entertainment also offered a lot of money for this deal. \u003cr /\u003e

\u003cr /\u003e

Relativity Entertainment acquired Pixar Studios for a total price of 6.3 billion US dollars. The transaction was completed in two ways: cash payment and stock exchange. \u003cr /\u003e

\u003cr /\u003e

Among them, in terms of cash, the Pacific Investment Foundation and the Bank of America provided Relativity Entertainment with US$1.5 billion and US$800 million in investment and loans, respectively. Relativity Entertainment used US$1.7 billion in cash reserves accumulated over the years, a total of 4 billion Dollar. \u003cr /\u003e

\u003cr /\u003e

For the remaining 2.3 billion US dollars, under the condition that Steve Jobs insisted on not giving in, Relativity Entertainment could only exchange the equity of Netflix Network in accordance with Jobs' request. \u003cr /\u003e

\u003cr /\u003e

Steve Jobs got a 4.1% stake in Netflix, becoming the third largest shareholder after Ronan and Goldman Sachs. \u003cr /\u003e

\u003cr /\u003e

However, Ronan still holds 73% of the shares of Netflix Network through Relativity Entertainment, and is still the absolute controlling party of Netflix Network. \u003cr /\u003e

\u003cr /\u003e

A transaction like this to acquire a high-quality company must adopt a premium acquisition method, and Relativity Entertainment is no exception. \u003cr /\u003e

\u003cr /\u003e

As Pixar Studios officially belonged to Relativity Entertainment, the animation production team headed by Chris Barker also joined Sandhai Entertainment and established an independent animation production department-Princess Animation Studio. \u003cr /\u003e

\u003cr /\u003e

So far, the Disney project that Ronan and Robert Iger have planned and operated for several years has been completed. \u003cr /\u003e

\u003cr /\u003e

\u003cr /\u003e

\u003cr /\u003e

\u003cr /\u003e