Most of the buyers of Firefly long-term bonds are investment institutions such as various pension funds and insurance companies in North America and Europe. The biggest feature of these investment institutions is to pursue the maximum security of funds, so the annual interest rate is often only Major investor in U.S. Treasury bonds under 3%.
Although the rating agency rated Firefly's long-term bonds as 2a, which is slightly lower than the highest 3a safety rating for U.S. Treasury bonds, after Firefly released a series of financial data, especially under the stimulus of the upcoming free cash flow of US$3 billion , although the rating agencies did not upgrade Firefly's bond rating, a large number of industry analysts have publicly stated that Firefly's bond investment security is almost the same as that of U.S. treasury bonds, while Firefly's long-term bonds have almost twice the value of U.S. treasury bonds5. 5% annual interest rate.
In this case, even without Firefly's sudden abandonment of the hand-painted animation department to make the creditor alliance lose its coercion chips, the investment institutions holding Firefly's long-term bonds would not be able to ask Firefly to start the bond repurchase measures in advance after Firefly's strong position, which is equivalent to It is self-defeating.
Therefore, when the news that Firefly was about to sell the animation department as a whole caused an uproar in Hollywood and Wall Street, the representatives of the creditors gathered in Los Angeles became the most embarrassing group of people.
As an advocate of the creditor alliance, Ron Perelman was immediately absorbed by the affairs of Marvel after he returned to New York. Although he was able to skillfully control the wind and rain in the capital market, in the face of absolute strength, Ron Perelman immediately became stretched.
Warren Buffett, Tom Murphy, and David West all have very extensive connections and influence in New York, as for Katzenberg. The Manhattan native was a 19-year-old member of then-New York mayoral candidate John Lindsay's campaign. A few years later, he also assisted John Lindsay in running for the President of the United States as a treasurer. Although he did not succeed, this kind of political experience is beyond the reach of many ordinary people in his lifetime. Even after developing in the media industry for many years, Katzenberg is still half of New York's local snake, and now he is wearing the largest in the United States. The influence of the title of the next CEO of the media group can be imagined.
Under the strong promotion of various forces, the New York District Court was surprisingly efficient, and Ron Perelman, who had returned to New York, did not even have time to do anything. It has to face various investigations from law enforcement agencies.
When the news that Firefly decided to sell the animation department reached New York, Ron Perelman, who had a premonition that something was going wrong, immediately called Summer Redstone, wanting to agree to the conditions offered by Viacom. En Perelman is sensitively aware that if he agrees to Viacom's transaction terms, he will not only be able to get out of the Marvel vortex immediately, but also get 100 million US dollars in funds. On the contrary, if this deal cannot be done, he may have to stumble in front of Firefly next.
However, the sudden turn of events was beyond Ron Perelman's expectations. The animation department in Hollywood, which has been thrown out by fireflies, is drooling, and Viacom is far more eager to win this "cabbage" than other major companies. At this time, Summer Redstone would never offend Eric for Marvel's "rotten apple".
Therefore, Ron Perelman called many times in a row, but he was still unable to contact Redstone himself.
Malibu Pointe Manor is currently hosting a business party.
It has been two days since Firefly issued a series of news and statements. Although Firefly can completely ignore the group of creditor agency representatives who are left in Los Angeles, although doing so is not in the long-term interests of Firefly, even if it is not listed It is impossible for the company and Firefly to completely separate from the capital market, not to mention that Eric is still developing many industries outside of Firefly. Pension funds and insurance institutions all over the United States and European countries are precisely the main investment force in the capital market.
Therefore, Eric quickly invited representatives of all creditors to this party at Angle Manor on the grounds of 'communicating face to face and eliminating differences'. Things have developed to the present, in fact, there is no need for any communication at all, and the guests who came to the party did not even mention the matter of the creditor alliance anymore.
Anyone with a discerning eye can see that this is a step offered by Firefly.
At first, I was a little worried that Eric would treat the creditor representatives arrogantly. After coming to the Sharp Point Manor, I found that the owner of the Firefly Group not only did not have the arrogance of a young man, but was as mature and stable as most of their peers, and he was also impeccable in his dealings with others. They all let go of their hearts. In the ensuing conversation, these people even gradually ignored Eric's age, surrounded Eric like a crowd of stars without knowing it, and talked about various economic and political issues with great interest.
"If we are more careful, we can find that a brand new information technology industry has risen. Although the academic circles have called the development of cutting-edge technologies such as new energy, information technology, space technology and biotechnology the third industrial revolution, in fact , the only thing that can really get close to the lives of ordinary people is information technology. And we all know that the more industries that can be widely popularized at the level of ordinary people, the higher the economic value will be. So in the next ten years or even two years In ten years, mobile communications, personal computers, application software, and the Internet will become the most valuable investment targets," Eric, who was surrounded by a group of creditor representatives and senior fund managers, was holding a glass of red wine in his hand. Don't be afraid to talk freely.
A fund manager in a black suit asked: "Eric, I know that you have invested in Cisco, Yahoo and America Online in several high-tech companies outside of Hollywood, but you don't think high-tech investment is too risky." Is it too big? As far as I know, one of the investment creeds of another shareholder of Firefly Group, Mr. Warren Buffett, is to avoid high-tech industries as much as possible.”
"I won't make any comments on Warren's investment philosophy. It will be drowned by his supporters." With a chuckle, Eric continued: "However, in other periods. Investing in high-tech The industrial risk is indeed very large. But it is different now. Next will be an overall industrial explosion. Because the industrial fields involved in information technology are too huge, including almost all aspects of our lives, the semiconductor industry promotes personal computers. , the development of mobile communications, personal computers and mobile communications have promoted the development of branches such as application software, mobile phones, and the Internet, and the latter three can drive even more huge industrial clusters. Under the rising state of this overall industry trend , Investment in high technology is very guaranteed, I’m sure. In the next few years, the development of new technology industries in North America and even the global capital market will definitely drive a new round of long-term bull market pattern.”
Another fund manager asked very sharply: "Eric, do you think there will be a bubble in this?"
"Of course, every round of bull market means a stock market bubble, and this big industrial explosion will definitely mean a bigger bubble," Eric looked around the crowd with a different meaning in his eyes, the corner of his mouth With a faint smile, he said: "In the state of the stock market soaring, even if you haven't heard what I said today, I think you will definitely enter the market without hesitation, but can you restrain your greed in the end?" Successful escape depends on everyone's luck."
Seeing that many people fell into short-term thinking, Eric did not continue to speak, and revealed something to leave a deep impression on the hearts of these fund managers who hold a large amount of capital, and it will definitely bring unexpected benefits in the future , but there is no need to say too much. Seeing Elizabeth in a lavender dress standing outside with a smile and looking at him, Eric raised his glass to the crowd and walked out across the crowd.
Eric praised Elizabeth's dress a little, and asked, "When did you come here?"
"It's been half an hour," Elizabeth said, still with the same smile on her lips, "Seeing that you are so comfortable among a group of old men, I don't have the nerve to disturb you."
Eric walked to the independent dining table and took a fruit plate, and sat down on a sofa with Elizabeth, then smiled and accepted the girl's words, and said: "There is no way, if I get too close to men of the same age , the association it caused is even more unbearable, I guess you don't want to see this kind of scene, do you?"
Elizabeth smiled and slapped Eric on the shoulder, took a sip of the red wine, slowly restrained her expression, and said, "My dad has regretted it recently."
Eric looked up and asked, "What do you regret?"
Elizabeth shrugged and said, "Firefly's paper media assets, my father said that if I knew it for 1.52 billion US dollars, I could have bought it. News Corp. would definitely sell it."
Eric picked up an apple and stuffed it into his mouth, and said, "It's okay, old man, my memory is getting worse and worse, and I will forget it in a few days."
Elizabeth dissatisfied: "Eric, can't you respect my father a little?"
"Um, well, sorry," Eric also became serious, and said, "So, now you must want to buy Disney's animation department again, right?"
"Well," Elizabeth nodded. She herself believed in Eric's judgment very much, and even admired it a little. Therefore, since Eric still insisted on abolishing the hand-painted animation department after "The Lion King", Elizabeth felt uneasy. As eager as several other major film companies in Hollywood.
But helplessly, my old man doesn't think so.
Eric said: "Let me tell you, Liz, if you buy the paper media assets of Firefly, you may be able to maintain a good profit for the next few years. But if you buy the hand-drawn animation department, it is impossible to make money at all." .”
Elizabeth glanced at Eric: "What's the use of telling me, you have to tell my father."
"Then I have no obligation, but don't meddle this time." Eric thought for a while and said, "Even if your old man tries his best, I don't think he can grab it this time."
Elizabeth asked curiously, "Oh, which company do you think is most likely to buy the animation department?"
Eric recalled some of the information Kelly had collected in recent days, and said: "I think Warner is the most likely one. Warner's film business this summer is really miserable. If Terry Semel doesn't Some achievements have given the board of directors and shareholders enough confidence, and it is estimated that it will be difficult to sit in the position of eo for too long. Secondly, Paramount, I heard that Paramount intends to use Blockbuster to imitate Disney’s peripheral strategy,” said Ai Rui When Ke said this, with a little gloating in the corner of his mouth, he said: "There are more than 3,000 Blockbuster chain stores in the United States, which is more than six times the number of Disney stores in the world. This is indeed a very good idea, but it is a pity that Paramount has no There are not many movies that can be developed around, I don’t know why, I think it’s funny when I think about it, haha, sorry, let me laugh.”
Elizabeth rolled her eyes a little, and after Eric finished laughing, she said, "I thought you would think Universal is the most likely one. Michael Eisner is Disney's former EO after all."
Eric shrugged and said, "Don't even think about Universal and Columbia. Michael Eisner definitely wants the animation department very much, but he doesn't have that much power. Now Universal and Columbia are in the hands of the Japanese. Japan People are sometimes very generous, but sometimes they are very stingy. Their animation industry is very developed. Correspondingly, although they will not underestimate Hollywood animation film companies, they will not be willing to spend more than one billion dollars to buy a hand-drawn animation department. In the end, there is no hope for MGM, and as for you, I think News Corp.’s current business focus should still be on the TV network, and it won’t be as desperate as Warner and Paramount, right?”
Elizabeth nodded slightly, and had to admit that Eric's analysis was very reasonable.
Since Firefly bought ab and stopped cooperating with Fox TV Network, in order to maintain Fox TV Network's market share, News Corp. has put most of its energy into operating the TV network this year, and even made the movie department cut production again.
After making up her mind not to try to influence her old man's decision, Elizabeth felt relieved and asked, "Hey, don't you want to take down that comic company recently? Which superhero copyright did you fancy?"
"That's too much, Spider-Man, Fantastic Four, Hulk, Iron Man, etc. I'm actually a comic book fan, can you see that?"
Elizabeth showed contempt in her eyes and said, "You're talking nonsense again, why have I never seen you read comics?"
Eric smiled and said: "This shows that we still need to understand more."
(To be continued.) For mobile phone users, please visit http://