"MGM has been around for almost seventy years, and the brand itself is its value," Chris said, then shook his head: "But it's really not worth anything, so which one do you like, Columbia and Universal is definitely out of business. The Japanese just bought it and are gearing up for a big fight. Don’t even think about Warner. The only ones left are Disney, Paramount and Fox. Well, Fox is out of business, with News Corp. There are only Disney and Paramount now, and Disney is in a period of rapid rise, so, do you have a fancy for Paramount?"
Eric asked back: "Why not Disney?"
Chris showed a look of surprise: "Disney is now in a period of rapid growth, and the development momentum is so good. What's more, the CEO of Disney is Michael Eisner. After the incident at the beginning of the year, although you seem to have reconciled, But if you're going to buy Disney, Michael Eisner knows what's going to happen to him, and he'll do everything in his power to stop you."
Remembering that Paramount, which was attached to Viacom in the previous life, was overtaken by the second-tier Lionsgate in terms of performance, and even became a drag on the Viacom Group, Eric shook his head: "The acquisition of Paramount is a big deal. Easy, I think those shareholders would be happy to sell Paramount to me. But Paramount is not a good choice, this company's development idea is not in line with my plan, the business scope is too limited But Disney is different, Disney's business strategy of the entire industry chain is very suitable for me to expand my territory in Hollywood in the future."
"If you insist, you may spend more money than the two major conglomerates in Japan," Chris thought while thinking about not much information about Disney in his memory. Said: "The current market value of Disney is about 4 billion US dollars. If you want to buy Disney, you can only use the method of hostile takeover, then the premium is at least 50%, and it is difficult to win Disney without 6 billion US dollars."
"If you don't sell it now, you won't even think about buying Disney in a few years," Eric said.
With the rapid development of the American economy and the rise of Hollywood in the world, the market value of several major Hollywood film companies has increased by more than 30% every year. Even the dilapidated MGM has sold more than 5 billion after ten years. The high price of the dollar. In my memory, Viacom spent US$10 billion to acquire Paramount three years later, and now Paramount can only be sold for the US$6 billion price of the parent company of Universal Pictures. Although the deal included Barry Diller's sniping factor, it also reflected the skyrocketing market value of the seven major film companies as Hollywood expanded.
Although it continues to operate patiently, with the development potential of Firefly, at most five years, it can be on par with any of the seven major companies, but Eric also knows that if things are allowed to develop. Five years later, the seven major film companies have basically completed their integration with media groups.
certainly. During this process, Firefly will definitely be "recruited" by the media group, but this is not what Eric wants.
What he wants to be is the master, not the vassal of others, so now that he has the opportunity, Eric will of course win a big film company as the most important bargaining chip, and develop himself into a media group through various financing methods in the future , instead of being recruited, and in the previous life, the only one that developed into a media group by virtue of its own strength was the Disney family, and Time Warner could only be counted as half.
"If you want to buy Disney, you must make preparations from now on," Chris thought for a while, and said, "The first thing we have to do is to absorb Disney's stock and get the right to speak on the Disney board of directors. Next , because we don’t need to pay all the money at one time, so the cash of 3.6 billion US dollars is enough, and if necessary, financing can also be carried out. With the performance of Firefly in the past two years, I think that any Wall Street An investment bank is very happy to participate in this investment, and even many shareholders of Disney estimate that they want equity rather than cash... ”
While listening to Chris' analysis, Eric was lying on the coffee table with a pen and writing something. When Chris finished speaking, Eric had already filled out a check and handed it over, saying: "Let's not talk about this first, Here's your dividend, Chris."
Chris took the check and glanced at it, then quickly pushed it back and said, "It's too much."
"This is what you deserve. Without your help, I would not have gotten so much profit in this oil crisis," Eric said, reaching out his hand to block Chris's movement.
"I really can't take so much, I know the value of what I do," Chris shook his head resolutely, and added: "And if Dad knows, he will definitely not agree."
Speaking of Jeffrey, Eric thought for a while and said, "How about this, I will exchange this money for a share of Firefly Investment, 3%, which is the same as your father's share in Firefly Film Company."
Chris thought for a moment and finally nodded.
Firefly's current main asset is only 23% of Cisco's shares. With Cisco's current market value, 3% is not too much, much less than the money Eric gave.
But Eric knows what kind of behemoth Cisco will develop into in the future, so he doesn't think it will be less, not to mention that he can increase Chris's shareholding in the future. If you give too much at one time, you won't be able to pay in the future. what to do.
Although Chris's current personality is introverted and calm, and the relationship between the two is also very good, but no one knows what will happen in the future as time goes by. In his previous life, Michael Eisner changed from a wise leader who brought Disney to the top. He became a self-willed Disney tyrant. In the end, he lost all hearts and was kicked out by the board of directors in embarrassment.
"Since you have just proposed some plans, then this matter is up to you to absorb Disney's stock from now on," Eric chatted with Chris, but he thought of the smelly one that hadn't moved yet. Egg, Cutthroat Island.
It would be great if "Cutthroat Island" could be thrown to Disney. This summer, Disney has lost hundreds of millions of dollars. It is estimated that it will be difficult to reverse the loss through the operation in the second half of the year.
If "Cutthroat Island" can be thrown to Disney again, then this project can cause Disney to lose another 100 million. Two consecutive years of losses are enough to seriously weaken Michael Eisner's prestige in Disney and weaken Michael Eisner. Siner's control over the board of directors, so after the acquisition plan is launched, things will be much simpler.
But Michael Eisner is not a fool, this matter is very troublesome to operate.
Thinking in his heart, Eric quickly remembered the figure of Robert Shea. Since the turmoil at the beginning of the year, Robert Shea and Michael Eisner have been getting very close. Maybe we can start from this point. (To be continued..)