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The public opinion situation is in turmoil, but the Westeros system is not as nervous as the outside world imagines.
At the beginning of March, Daenerys Entertainment Group officially launched an internal employee stock subscription plan. Depending on the position level and years of employment, Daenerys Entertainment employees will be able to subscribe for corresponding shares at a price of 30% off, 50% off, or 30% off the expected IPO price. amount of stock.
Equity awards for management such as Amy Pascal have also begun to be cashed out.
After this stock subscription and reward redemption, Daenerys Entertainment’s employees will hold a total of about 8% of the group’s shares, and the planned IPO issuance of new shares will be about 12%. By then, Simon will still hold Daenerys Entertainment About 80% of the shares of Entertainment Group.
Not only that, Daenerys Entertainment will also adopt a dual-class share structure this time.
Whether it is this employee subscription or the subsequent IPO, what the outside world can obtain are Class A shares with only one-tenth of the voting rights of ordinary shares. Correspondingly, Westeros Company under Simon's name will hold ten times Class B shares with voting rights.
After calculation, Simon, whose shareholding ratio was reduced to 80% after the IPO, will still maintain more than 97% of the voting rights. Even if the Westeros family's shareholding in Daenerys Entertainment Group drops to less than 50% after multiple expansions in the future, absolute control will still not change.
The 1993 financial report of Daenerys Entertainment Group was also officially released in mid-March. Ignoring the ups and downs of the outside world, in order to build momentum for the upcoming IPO, the company continued to announce the details on the Igrit portal on March 15. data.
Throughout 1993, compared with US$12.7 billion in 1992, Daenerys Entertainment Group's total revenue increased by 35% to US$17.1 billion, and its annual net profit was US$2.27 billion, a year-on-year increase of 219%.
Among them, the film business is still the core of Daenerys Entertainment Group, contributing more than half of the profits.
Driven by the strong film business, Daenerys Entertainment's cinema lines, theme parks, consumer peripherals and other businesses have achieved excellent growth.
The television business in charge of Robert Iger is also performing well. The public television network's reality shows and TV series are two-pronged. Programs such as "Survivor" and "Seinfeld" have long been among the top ratings of the television network. Fashion TV, a professional fashion TV station launched last year, has been launched in many countries around the world. It has also successfully acquired all the shares of USA Basic Cable Network, further completing Daenerys Entertainment’s layout in the cable TV business.
In addition, Daenerys Entertainment Group’s total liabilities increased slightly from last year’s $7.1 billion to $7.9 billion. However, even based on the IPO valuation of US$40 billion, the debt of US$7.9 billion is only equivalent to a debt ratio of 19%, which is far lower than the average level of the same industry.
Even though it was expected, Daenerys Entertainment Group's 1993 financial report exceeded many people's expectations.
Especially profit.
The full-year net profit of US$2.27 billion was almost equivalent to the combined profits of the other six major Hollywood studios.
Of course there are doubts.
Many professional media and Wall Street analysts believe that Daenerys Entertainment's financial report is specially "tailor-made" for this year's IPO, and it may not be able to achieve such outstanding profits after the listing.
It's just that similar doubts don't have much market.
Net profit of US$2.27 billion. Compared with Daenerys Entertainment’s revenue of US$17.1 billion, the net profit margin is actually only 13.2%. This number is not high in the Hollywood entertainment industry’s general net profit range of 10% to 15%. . As long as Daenerys Entertainment's revenue does not shrink significantly in the future, it will not be difficult to maintain the profit level of 1993.
Will Daenerys Entertainment Group's revenue performance shrink
Just looking at the DC movie universe series, Pixar Animation Studios, "Jurassic Park" series and other popular projects in the hands of this company, this matter is unlikely to happen for at least the next three to five years.
However, another argument soon began to emerge. Some Wall Street analysts believed that Daenerys Entertainment’s performance had peaked. Although it would not decline in the short term, it would not be easy to make any further improvements, so it was not We are optimistic about the long-term development prospects of this giant in the entertainment industry after its listing.
It is inevitable that similar opinions will gain a lot of recognition after being published.
Immediately, the finger was pointed at Daenerys Entertainment's expected IPO price-to-earnings ratio of about 20 times, believing that this number was obviously high. Considering that Daenerys Entertainment Group's future performance growth may slow down significantly, the truly appropriate IPO price-to-earnings ratio is probably between 10 and 15 times.
Simon's bottom line for stock underwriting for Morgan Stanley and Goldman Sachs is a minimum IPO price-to-earnings ratio of no less than 20 times.
After the official financial report is released, based on the net profit scale of US$2.27 billion, the correct bottom line of the IPO valuation after revision should be US$45.4 billion.
For this high valuation, which has exceeded the total scale of most corporate giants in the world, and can enter the US$50 billion market capitalization club with a slight increase after listing, Simon has no intention of making concessions, which will inevitably frustrate the capital from all walks of life that are interested in subscribing. Feeling unhappy, after all, subscribers must hope that the issuance price of Daenerys Entertainment’s shares is as low as possible, so as to maximize profits.
The corresponding pessimistic rhetoric also arises from this.
Simon isn't worried about this.
Most companies conduct IPOs to raise funds for the company's next development, so they are generally worried about failure. Daenerys Entertainment does not have such worries. If it were not for the next step of expansion, Simon would not need to list Daenerys Entertainment at all.
Therefore, even if the worst happens and the IPO fails, it will not cause much harm to Daenerys Entertainment. At most, it will only lose an investment banking service fee.
What's more, they say that the valuation is on the high side, but anyone with a discerning eye knows in their hearts that among the companies that have IPO'd in recent years, there are not many companies with better quality stocks than Daenerys Entertainment. If there are, they are basically West's. New technology companies such as Cisco and AOL in the Los Angeles system.
Moreover, even Cisco and AOL are still in the growth stage of enterprises with uncertain development prospects. Daenerys Entertainment has already been very solid in terms of revenue and profits.
Malibu, Daenerys Studios.
The time is Friday, March 18th.
For the more sensitive employees within the Westeros system, there are many disturbances from the outside world, but there are not no changes around them.
Daenerys Studios has recently upgraded its security again, and the number of security personnel and monitoring facilities in the park has increased significantly. A three-story cinema with a terrace-like layout. The lowest level, which is also the busiest studio area on weekdays, has not changed much. Further up, the access control procedures for the office area on the second floor and the administrative area on the third floor have all been strengthened. Without reservation, No visitors are allowed to enter.
As for the reason, most people who feel this believe that it is the instinctive reaction of their bosses under the pressure of external public opinion.
Only a few people know the real situation.
A week ago, a white young man in his twenties suddenly drove into the area of Dume Point Manor. However, he was discovered and stopped by security guards as soon as he entered the outer building area of the manor. The young man found that he could not get away, so he used an automatic rifle to shoot at the man in the car. Security shot.
Fortunately, the security team at Cape Dume Manor are not ordinary security guards. They basically all have special forces or special police backgrounds. After joining the company, they must undergo intensive security training at least twice a year to ensure that they will not slack off.
Therefore, when the two security guards were caught off guard and both were shot, one of them still quickly pulled out his gun to fight back, accurately hitting the young man's head and heart through the car door twice. The other security guards who discovered the situation arrived within 1 minute. , two rifles, a large number of magazines and five grenades were found in the car of the dead young man.
and a suicide note.
In his suicide note, the young man stated that he would kill everyone in Westeros so that all the wealth of the evil Westeros family would be returned to society.
The gunshots prompted calls from surrounding residents and subsequent police questioning.
The matter was completely covered up by the Dume Point Manor, only claiming that the family bodyguards were practicing marksmanship, and the two injured security guards were secretly sent to the Westeros family's private hospital for treatment.
The young man's identity was established within an hour.
Simon personally led the family's intelligence team to search the other party's apartment. No results were obtained for the time being, but he did not give up.
Although not a conspiracy theorist, Simon never believed that something would happen for no reason, so he specially arranged two teams to carefully track down the matter.
As for the young assassin, including the Chevrolet car that the other party broke into the Dume Cape Manor, they all disappeared.
All insiders have been issued the strictest gag orders.
It is not without reason that top wealthy politicians have been kidnapped and assassinated far more often than the public imagines, yet very few cases have come to light. Because once this kind of thing is exposed, it will easily attract imitators. The world has never been short of people who act in extreme ways.
After the incident, the security level of the Westeros family was increased across the board, including in public areas where everyone in the family may be present.
Jennifer, who was still frightened, also helped Simon prepare several special sets of body armor and asked him to wear them in public. Simon joked that if he was hit in the head, wearing a body armor would be useless, and the female assistant cried on the spot.
In his two lives, Simon has never been very afraid of death.
Now, I only worry about the people around me getting hurt because of me. Therefore, if given a choice, he will not hesitate to strike first.
Building No. 1, administrative area of the cinema.
Larry Ellison and Simon walked out of the office together. After a few final promises, Ellison also nodded to Girl A outside, and then Ellison turned and left.
Among the series of lawsuits filed against many companies in the Westeros system during this period, the dispute between Oracle and two other competing database software companies, Informix and Sybase, is quite eye-catching.
The Westeros system responded firmly to the Ygrit portal, but in fact, if Oracle really has no use of any cross-border means, it is unlikely. Larry Ellison has never been a Otherwise, a businessman who follows the rules would not be able to send someone to dig through Microsoft's trash can.
Cruel business competition, especially between giants, does not tolerate compliance.
Simon has no objection to this. The key is that you must be able to deal with trouble when it arises. Today's meeting is to ask Ellison to personally explain to him the inside story of the whole matter and the follow-up plan.
After Ellison left, Girl A followed her boss into the office holding some documents.
Simon sat down behind his desk and put away a script that had been spread out.
Just by looking at it, Girl A recognized that it was a new project being planned by MGM, "Broken Arrow." However, the script had been delivered three days ago. According to her understanding of her boss's work habits, Simon should have finished reading it in his spare time under normal circumstances. She didn't know why he was still reading it.
"Broken Arrow" is the latest work from "Speed" screenwriter Graham Yost.
"Speed" will be released this summer. The film is currently in post-production. The MGM team and Simon himself are very satisfied with the finished film. Shirley Lansing directly signed Jost's new script.
The name 'Broken Arrow' is actually a military term for the accidental loss of a nuclear weapon in the U.S. military. The story of the script revolves around an incident where a nuclear weapon was lost. There are actually many similar stories in Hollywood movies. In "True Lies", which will be released this summer, Schwarzenegger also needs to deal with a nuclear explosion crisis in the film.
Quickly putting away the little doubts in her mind, Girl A handed several documents in her arms to Simon and said: "Boss, these are the recent reports from Greenwich about the recent reports from various states in the United States against the Westeros system. According to the candidate files, Mr. Schlapp selected a total of 23 people, including 7 Democrats and 16 Republicans. Among them are 3 Senate candidates, 2 of whom are in office, and 20 House of Representatives candidates, 16 of whom are in office."
Simon listened to Alison's brief introduction and opened the first folder. The first thing he saw was the list of 23 parliamentary candidates.
Behind the scenes in Connecticut, Democratic Congressman David Meloth, who is backed by the Hearst family and has been tit-for-tat with the Westeros system, is in a very conspicuous position. Democratic Senator Craig Ames of Wisconsin, who has proposed a 'property tax', ranks high.
David Merloth and Craig Ames are the two politicians who have been most active in the Westeros system recently.
Somewhat ironically, both of them are members of the Democratic Party supported by the Westeros system.
In comparison, most Republicans who target the Westeros system do not have strong opinions.
The only thing that makes Simon somewhat gratified is that there are more than twice as many Republicans as Democrats on this list. Finally, the huge investment of political capital in the Westeros system in recent years has not been in vain.
The list is followed by detailed information on the 23 members, including political resumes and recent comments and views on the Westeros system.
While flipping through the pages, Simon gestured to Girl A, and Alison continued: "There is also a file below, which is the information on the main competitors of the 23 parliamentary candidates, and then there is the information about Wisconsin recommended by Mr. Schlapp. The head of the state sniper team, named Paul Spaihts, is a 37-year-old native of Milwaukee, Wisconsin. He graduated from the University of Wisconsin. He originally served as the head of Verizon Telecom’s political lobbying department and corporate-affiliated political action committee. In his early years, he worked in Milwaukee I have been engaged in various political lobbying-related jobs for ten years and am very familiar with the local political and economic environment.”
The system of Westeros is certainly not indifferent to recent attacks from the media and politicians.
Simon personally took the lead in formulating a "sniper plan", intending to select a number of congressional candidates targeting the Westeros system for "precision strikes" in order to achieve the effect of killing chickens and warning monkeys.