Hollywood's three major labor unions simultaneously filed a lawsuit in the Delaware federal court on Monday, November 19, in an attempt to block Daenerys Entertainment's acquisition of MCA. The entire Westeros system is busy dealing with this matter, but It doesn't stop Thanksgiving from happening.
This year Thanksgiving is on November 22nd.
It happened to snow on the East Coast, and Simon loved the atmosphere of snow during the holidays, so he and Janet spent this Thanksgiving together at the manor in Greenwich.
After Thursday, it's another box office week for Hollywood.
Previously, from November 16th to November 22nd, the first week of the Thanksgiving season, Stallone's new film "Rocky 5" successfully won the single-week box office championship.
However, this action film series that once created a miracle at the box office is still not as popular as before. It only took in a box office of 19.6 million US dollars in its first week. The film reviews are also unsatisfactory, with a comprehensive media score of only about 5 points. The industry generally predicts that the film will drop between 40% and 50% in the next week. The total box office in North America is expected to be less than 50 million US dollars. The producer can only hope to rely on overseas box office and other channels to recover costs.
"Dances with Wolves" produced by Daenerys Entertainment ranked second. In its first week of large-scale opening, the box office reached 12.67 million U.S. dollars. Compared with only 1,031 screening screens and a 3-hour movie duration, a single venue exceeded The box office performance of US$12,000 is excellent.
Including previous screening results, the cumulative box office of "Dances with Wolves" has reached US$17.3 million in the three weeks since its opening, which is close to the film's production cost of US$20 million.
"Danger", which was released during Halloween, dropped 22% this week. It is a pity that it failed to rebound during the Thanksgiving period. The film grossed another US$6.87 million in seven days, and within four weeks of its opening, the cumulative box office reached US$43.99 million.
Disney's "Three Dads, One Baby" is confirmed to be released on Wednesday, November 21. With its excellent reputation and festive atmosphere, it earned US$5.32 million in two days, making it a bit of a dark horse.
The 2D animated film "Heroes", also produced by Disney, ranked fifth with a box office of US$4.79 million in the first seven days of its opening.
Outside of the top five, there are basically a bunch of old movies.
On November 23, the second week of the Thanksgiving season, there are also three new films, namely "Pink" co-produced by Daenerys Entertainment and Columbia Pictures, Fox Pictures' "Predator 2" and Warner Bros. Pictures 2D animated film "The Little Nutcracker Prince".
Among them, "Pink" and "Predator 2" both opened with more than 2,000 screens, while "The Little Nutcracker Prince" only had 906 screens, which is comparable to Disney's "The Rescuers" and belongs to the 2D animation of this era. The standard release model for movies.
In a manor in the northern suburbs of Greenwich.
Except for the main road, other areas in the manor are still white and have not been cleaned up.
Sofia Fesi parked the car outside the main villa of the manor, got out of the car and opened the rear door. The two little guys couldn't wait to get out of the car and ran towards Janet who was coming.
Today is already Sunday, November 25th.
It happened to be a sunny day, at ten o'clock in the morning, the air was still cold, but the sun seemed bright.
Sophia came from Europe to see the children on weekends as usual, and neither Simon nor Janet left the East Coast after Thanksgiving.
He stepped forward to say hello to Janet, and listened to a pair of children chirping with Janet. Soon they ran to build a snowman together, and Sofia walked into the villa by herself.
It seemed very warm in the villa. I took off my windbreaker and handed it to Betsy, the girl who came to greet me. I asked after asking, and when I learned that Simon was in the study upstairs, I walked up the stairs to the second floor.
Simon was on the phone, and there were many documents scattered on the desk. Hearing the knock on the door, he answered casually. Seeing Sofia's hesitation after opening the door, he smiled at the woman and signaled that it was okay, and then Sofia walked in.
Trying to appear as nonchalant as possible, Sophia walked to the opposite side of Simon's desk, casually helped the man organize the files on the table, and listened to him talking to the other side.
The discussion was about the recent MCA acquisition.
Regarding how to deal with the lawsuits from the three major labor unions and other issues that followed, these matters were not suitable for just anyone to hear, but the man did not deliberately lower his voice to avoid himself, which made Sophia feel warm in her heart.
After arranging several documents, the woman walked to the bookshelf again and pretended to look at the books on it. She turned her back to Simon, wondering if he was looking at her.
But after a while, the man's call still didn't end.
She walked from one side of the bookshelf to the other, but couldn't write anything down.
Putting down the Laura figurine that he had been playing with for a while, he turned around and looked over. Simon happened to hang up one call, but directly transferred the call to another.
I couldn't help but feel some resentment.
Then I felt that I was really hopeless. After all, this little man was younger than me... by so many years.
Simon was half-heartedly flipping through a piece of information, holding a microphone in his hand to discuss with the opposite party. He inadvertently raised his head, noticed Sophia's expression, paused, smiled and made a gesture towards the woman.
What did you do in the past
Thinking so, Sophia walked over anyway.
As soon as he reached his leather chair, the man grabbed his waist and pulled him into his arms.
My body was a little stiff, and I struggled lightly, but I didn't dare to use too much force.
What if he lets go.
I didn't dare to speak and was on the phone.
Moreover, he just hugged himself and didn't do anything else too extreme.
When I first entered the door, it seemed to have been locked.
Finding enough reasons, he was completely relieved and sat on the man's lap obediently.
Seeing how the man was preoccupied with multiple tasks, he turned sideways and stretched out his hand, holding the microphone for him and putting it to his ear. With one free hand, the man touched her earlobe, gently removed the silver earring that she had specially put on today, and threw it on the table.
It turns out he doesn't like women wearing earrings.
Remember silently.
Change the earrings next time, well, maybe he won’t like them either. Probably to wear nothing at all.
Then don't wear anything.
After more than ten minutes, Simon finally put down the phone, and the study became quiet. The laughter of children playing outdoors happened to be heard from the window. Sophia suddenly became a little nervous again, worried about what he would do at this time.
It's almost noon.
He quickly found a topic and asked: "Is the MCA matter very troublesome this time?"
Simon rested his chin on one of the woman's shoulders, sniffing the delicious woman's scent. He picked up a document on the table and continued to look through it. He said: "If the three major trade unions just mess around, it will be very troublesome, but as long as you understand what they want to do, Whatever you want, things will be much easier.”
I just heard him discussing with someone. It seems that what the three major labor unions are most dissatisfied with Daenerys Entertainment is probably that Simon has moved many films to overseas filming.
This resulted in the loss of many job opportunities for local American filmmakers.
Thinking in her mind, Sophia casually said: "Well, will the next Batman be filmed back in China?"
Simon smiled and said: "If they want something and I give it to them before they ask, it will only lead to dissatisfaction. For those who deliberately trouble me, I prefer to let them lose what they want." More."
I vaguely remembered that he had just talked with someone about a promotional video that would be broadcast on the ABC TV network next week.
If I had known earlier, I would have listened carefully, but now I don’t even know how to talk.
Fortunately, the man's hand that was originally around her waist slipped under the hem of her clothes a little restlessly.
Staying at the manor for lunch at noon, little Gemma was very attentive and asked her mother next to her if she had lost her earring. Sofia seemed to have just discovered it, and then nodded with regret. The little girl gave some sensible advice, saying that if you lose something, you can just buy it again, but you should be careful next time.
certainly.
Then the little guy chased after her. Is mom very hot? Why is her face red
He quickly changed the subject casually.
I noticed the forced smile of the little man opposite me. I don't know if he was stepped on or pinched, but he seemed to be in pain.
No sympathy at all.
Even though they said it was almost noon, they were still so resistant and still wanted to mess around.
With the arrival of a new week, many members of the public who were still paying attention to the news of Daenerys Entertainment’s acquisition of MCA were unexpectedly greeted by another piece of sensational news.
Westeros suddenly announced that it had reached a cash acquisition agreement with Bell Atlantic, a telecommunications operator on the east coast of the United States, with a total value of US$8.7 billion, of which US$7 billion was paid in cash, and Bell Atlantic assumed a total of US$1.7 billion. of liabilities.
Bell Atlantic's board of directors announced that it will hold an extraordinary shareholders' meeting on December 3 to vote on the acquisition.
However, according to the news later exposed by the "Wall Street Journal", while obtaining the approval of the board of directors, Westeros Company has already won the approval of about 25% of important shareholders in advance. In other words, the shareholder voting process has almost been passed with certainty. .
All Westeros needs to do is get approval from the U.S. Department of Justice and the U.S. Federal Communications Commission.
As if to pave the way for the approval of the two major regulatory authorities, the New York Times immediately released news that as long as the acquisition is approved, Simon Westeros will transfer the US$8 billion in funds hoarded overseas. Return to China to pay for the acquisition.
At a capital gains tax rate of 28%, this would mean a huge tax bill of more than $2 billion.
When the overall economic environment in the United States deteriorates and the government's fiscal deficit continues to rise, a one-time tax of more than 2 billion US dollars is definitely not dispensable for the federal government.
Moreover, although the federal government has many restrictions on the telecommunications industry, it is only acquiring a regional telecommunications operator. Unless it is deliberately looking for trouble, there are really not many regulatory obstacles.
However, someone jumped out immediately.
But it was Motorola, which had had a lot of trouble with the Westeros company before.
Motorola cited the provisions of the Telecommunications Act promulgated during the AT-T split in 1984, pointing out that Westeros owns a telecommunications equipment company called Nokia. Although this company is established overseas, it still violates the provisions of the Telecommunications Act of that year. Operators shall not be involved in the production of telecommunications equipment.
Moreover, Robert Galvin, the retired former chairman of Motorola, personally appeared on a CBS news talk show, fiercely criticizing Simon's private extravagant life, and said that the federal government should take measures to restrict another capital oligarch. The United States does not need a second Rockefeller family.
Simon's accusation against Robert Galvin was not heard at the time. However, Westeros was the first to respond to Motorola's demands, stating that Nokia's business will be limited to Europe. As long as the acquisition of Bell Atlantic is completed, Nokia will withdraw all of its North American business that has begun to test waters, and even Including a technology research institute set up in Silicon Valley.
Everyone in the media is going back and forth, and many viewers are still a little confused.
what's going on
Isn’t it true that Daenerys Entertainment is looking to acquire MCA? Why did it suddenly become Westeros Corporation’s acquisition of Bell Atlantic
Or is it that Simon Westeros originally planned to acquire Bell Atlantic, and MCA was just a cover
This is also unreasonable.
In order to acquire MCA, Daenerys Entertainment squeezed Panasonic out of the ranks of competitors through a very generous agreement. If we give up so easily, not even Panasonic will agree.
or.
Simon Westeros is operating on a double front
Initiating two acquisitions at once
this…
After all, the public was just watching the excitement. As the news was announced, the stock prices of Bell Atlantic and MCA made the most direct reaction, because the agreement between the two parties had basically been reached. In the following days, the market trading volume increased. Bell Atlantic's plummeting share price only rose 8%, while MCA's share price fell a full 11%, falling from a high of $69 to $61.
As for MCA, some people don't care and are even secretly happy. It would be better if Daenerys Entertainment just abandons this acquisition.
But many shareholders who want to cash out at high levels are unwilling to do so.
Some shareholders have even threatened to launch a class action lawsuit if Daenerys Entertainment abandons the acquisition easily.
The three major labor unions in Hollywood, who are sharpening their knives, are also a little confused. How can they come up with a Bell Atlantic acquisition case
When many people had not yet reacted, the ABC TV network suddenly started to play an advertisement. This was an investment advertisement for the film and television industry released by the Australian government. The 1 minute and 30 seconds advertisement included Australia's cities, grasslands, deserts, The beautiful scenery of snow-capped mountains, jungles, etc. was vividly displayed, and Australia's various preferential policies for overseas film producers were also introduced.
Like a double act, Daenerys Entertainment immediately announced that it had signed six film production memoranda with a total value of US$300 million with the Australian government of Victoria. The Victorian government will provide Daenerys Entertainment with a unified 20% tax rebate package. .
In exchange, these six films will all be produced in Australia within the next three years, including the post-production of the films, and more than 70% of the crew will be hired from Australia. Therefore, this package will directly or indirectly bring tens of thousands of job opportunities to Victoria.
Moreover, both parties jointly stated that there will be more in-depth and extensive cooperation in the future.
The most fundamental significance of the existence of major Hollywood guilds is to ensure a series of work rights for their members.
Daenerys Entertainment's direct transfer of film production overseas is tantamount to another drain on wages.
How can we protect our rights and interests at work if we don’t even have a job
Following the Australian film promotional video and the $300 million memo, news came that Daenerys Entertainment CEO Amy Pascal and the company’s president of television, Robert Iger, were spending time together after the Thanksgiving holiday. I personally went to Toronto, Canada to inspect and contacted the local government, and planned to build another film and television production base in Toronto, mainly for the production of television programs.
After years of patient management, Daenerys Entertainment has become a TV content provider whose strength cannot be underestimated. If hundreds of millions of dollars in investment in television production are transferred overseas every year, the domestic entertainment industry in the United States will obviously lose a large number of job opportunities.
Therefore, this news is undoubtedly another heavy blow to the three major trade unions.