PS: The VIP chapter is blocked, this is a free chapter, and it will be deleted tomorrow

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The public opinion situation is about to come, but the Westeros system is not as trembling as the outside world imagines.

At the beginning of March, Daenerys Entertainment Group officially launched an internal employee stock subscription plan, according to the position level and the number of years of employment, Daenerys Entertainment employees will be able to subscribe for the corresponding amount of shares at a price of 3, 5% or 7% off the expected IPO issue price.

Equity awards from management such as Amy Pascal are also beginning to be cashed in.

After the stock subscription and reward are cashed out, Daenerys Entertainment employees will hold a total of about 8% of the group's shares, and the planned IPO issuance of new shares is about 12%, and Simon will still hold about 80% of the shares of Daenerys Entertainment Group.

Not only that, Daenerys Entertainment will also adopt a dual-class share structure this time.

Whether it's this employee subscription or the next IPO, all the outside world can get is Class A shares with only one-tenth of the voting rights of common stock, and correspondingly, Simon's Westeros Company will hold ten times the voting rights of Class B shares.

After the calculation, Simon's shareholding ratio will be reduced to 80% after the IPO, and it will still retain more than 97% of the voting rights. Even if the Westeros family's stake in Daenerys Entertainment Group drops to less than 50% after several expansions in the future, absolute control will still not change.

Daenerys Entertainment Group's 1993 financial results were also officially released in mid-March, ignoring the ups and downs of the outside world, and in order to build momentum for the upcoming IPO, the company continued to publish specific data on the Eagle portal on March 15.

For the entire 1993 year, compared to $12.7 billion in 1992, Daenerys Entertainment Group's total revenue increased by 35% to $17.1 billion, and the net profit for the year was $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 chain, theme parks, consumer peripherals and other businesses have achieved outstanding growth.

Robert Iger's television business has also done well, with both reality and TV shows on public television networks, and programs such as "Survivor" and "Seinfeld" have long been among the best in the network's ratings. Fashion TV, a professional fashion TV station launched last year, has been launched in many countries around the world, and has also successfully won all the shares of the basic cable network in the United States, further completing the layout of Daenerys Entertainment in the field of cable TV business.

In addition, Daenerys Entertainment Group's total debt increased slightly from $7.1 billion last year to $7.9 billion. However, even based on the valuation of the $40 billion IPO, the debt of $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 as expected, Daenerys Entertainment Group's 1993 earnings report exceeded many people's expectations.

Especially profits.

The annual net profit of $2.27 billion is almost equal to the profits of the other six major Hollywood studios combined.

Of course, there are doubts.

Many professional media and Wall Street analysts believe that Daenerys Entertainment's earnings report is deliberately 'tailor-made' for this year's IPO, and it may not be able to achieve such outstanding profits after listing.

It's just that there isn't much market for similar skepticism.

The net profit of $2.27 billion, compared with Daenerys Entertainment's revenue of $17.1 billion, is actually only 13.2%, which is not high in the general net profit range of 10% to 15% in the Hollywood entertainment industry. 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 Cinematic Universe series, Pixar Animation Studios, Jurassic Park series, and other popular projects in the hands of this company, this is unlikely to happen for at least the next three to five years.

However, another argument has also begun to emerge, some Wall Street analysts believe that Daenerys Entertainment's performance has peaked, and although it will not decline in the short term, it will not be easy to improve much, so they are not optimistic about the long-term development prospects of the entertainment industry giant after it goes public.

Similar views inevitably gained a lot of acceptance after they were published.

Immediately, the spearhead also pointed to Daenerys Entertainment's expected IPO price-to-earnings ratio of about 20 times, believing that this figure is obviously high. Considering that Daenerys Entertainment Group's performance growth may slow significantly in the future, the real suitable IPO price-to-earnings ratio is probably between 10 and 15 times.

Simon's underwriting of Morgan Stanley and Goldman Sachs is a minimum IPO price-to-earnings ratio of no less than 20 times.

After the official earnings report is released, based on the net profit scale of $2.27 billion, the revised accurate IPO valuation bottom line should be $45.4 billion.

For this high valuation, which has exceeded the total scale of most corporate giants in the world, and can enter the $50 billion market value club with a slight rise after listing, Simon has no intention of making concessions, which will inevitably make the capital from all walks of life who are interested in subscribing feel unhappy, after all, subscribers must hope that the lower the issue price of Daenerys Entertainment's shares, the better, so as to maximize profits.

The corresponding rhetoric of decay was also born from this.

Simon wasn't worried.

While most companies go through IPOs to raise funds for the company's next development, there is a general fear of failure, but Daenerys Entertainment does not have such concerns. If it weren't for the next expansion layout, Simon wouldn't need to let Daenerys Entertainment go public at all.

Therefore, even if the worst happens, the IPO fails, in fact, it will not cause much harm to Daenerys Entertainment, at most it will only lose an investment banking service fee.

What's more, it is said that the valuation is high, but the discerning people know in their hearts that among the companies that have IPOs in recent years, there are not many companies that can be better than Daenerys Entertainment stocks.

Moreover, even Cisco and AOL are still in the growth period of enterprises with uncertain development prospects, and Daenerys Entertainment has been very solid in terms of revenue and profit.

Daenerys Studios, Malibu.

It's Friday, March 18th.

For the more sensitive employees within the Westeros system, there is a lot of disturbance from the outside world, and there is no change around them.

Daenerys Cinemas has recently upgraded its security efforts again, and the number of security personnel and monitoring facilities in the park has increased significantly. Similar to the terraced layout of the three-story cinema, the lowest and busiest studio area on weekdays has not changed much, and further up, the office area on the second floor and the administrative area on the third floor, the access control process has been strengthened, and visitors without an appointment are not allowed to enter.

As for the reason, most people who feel this believe that it is the instinctive reaction of their own boss under the weight of external public opinion.

The truth is known to only a few.

A week ago, a young man in his twenties suddenly drove into the area of the Manor of Cape Dume, but as soon as he entered the building area outside the manor, he was discovered and stopped by the security guards.

Fortunately, the security team of Cape Dumee Manor is not an ordinary security guard, basically has a special forces or special service police background, and after joining the company, they have to conduct at least two security enhancement training every year to ensure that they will not slack off.

Therefore, when the two security guards were caught off guard and all shots, one of them still quickly pulled out his gun and counterattacked, and two point shots accurately hit the young man's head and heart through the car door, and other security guards who found the situation arrived within 1 minute, and found two rifles, a large number of magazines and five grenades in the dead young man's car.

and a suicide note.

In his suicide note, the young man stated that he would kill all of Westeros so that all the wealth of the sinful Westeros family would be returned to society.

The gunfire elicited calls from nearby 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 identity of the young man was ascertained within an hour.

Simon personally led the family's intelligence team to search the other party's apartment, but he did not gain anything for the time being, but he did not give up.

Although not a conspiracy theorist, Simon never believed that something could happen for no reason, so he arranged for two teams to carefully investigate the matter.

As for the young assassin, including the Chevrolet sedan that broke into the Dumey Point Manor, all disappeared from the world.

All those in the know were given the strictest gag orders.

It's not for nothing that the kidnapping and assassination of top wealthy politicians is far more than the public thinks, and so few have come to light. Because once this kind of thing is exposed, it is easy to attract imitators, and there is no shortage of extreme people in this world.

In the aftermath of the incident, the Westeros family's security level was increased across the board, including the common areas where everyone in the family might be present.

Jennifer, who was apprehensive, also prepared several sets of special body armor for Simon, requiring him to wear them in public. Simon joked that if he hit the head, it would be useless to wear body armor, and the female assistant cried on the spot.

In both lives, Simon has never been so afraid of death.

Now, I only worry that the people around me will be hurt because of me. Therefore, if a choice is required, he will not hesitate to preemptively strike.

Building 1 of the administrative area of the cinema.

Larry Ellison and Simon walked out of the office together, and finally promised a few words, and Ellison did not forget to nod to Girl A outside, and Ellison turned to leave.

Among the various lawsuits against various companies in the Westeros system during this period, Oracle's dispute with two other competing database software companies, Informix and Sybase, is quite high-profile.

The Westeros system has been quite firm in its response to the Eaglet portal, but in fact, if Oracle really doesn't have any means of crossing the line, it's unlikely, and Larry Ellison has never been a businessman who follows the rules, otherwise he wouldn't have been able to send someone to rummage through Microsoft's trash can.

Cutthroat business competition, especially between giants, does not tolerate conformity.

Simon doesn't have any problem with that, the point is that you have to be able to handle trouble when it arises. Today's meeting is for Ellison to personally explain to himself the inside story of the whole matter and the follow-up plan.

After Ellison left, Girl A followed her boss into the office with a few papers.

Simon shifted to his desk and sat down, casually putting away a script that had been spread out.

With just one glance, Girl A recognized that this was a new project that MGM was brewing, "Broken Arrow". It's just that the script was delivered three days ago, and according to her understanding of her boss's work habits, Simon should have read it in her spare time under normal circumstances, and she doesn't know why she is still reading it.

"Broken Arrow" is the latest work of "Life and Death" screenwriter Graham Yost.

"Life and Death" is about to be released this summer, and the film has now completed the post-production, and the MGM team and Simon himself are very satisfied with the finished film, and Shirley Lansing directly signed a new script for Yost.

The name 'Broken Arrow' is actually a military term for the accidental abandonment of nuclear weapons in the U.S. military, and the story of the script revolves around a nuclear weapon loss. There are actually many similar stories in Hollywood movies, and "True Lies", which will be released this summer, Schwarzenegger also needs to deal with a nuclear explosion crisis in the film.

Quickly putting away some small doubts in her mind, Girl A handed a few documents in her arms to Simon, and said: "Boss, this is the recent U.S. state against the Westeros system of congressional candidate files just passed over from Greenwich, Mr. Schlap picked out a total of 23 people, including 7 Democrats and 16 Republicans. Among them are 3 senatorial candidates, 2 in office, and 20 candidates for the House of Representatives, 16 in office. ”

Simon listened to Alison's brief description and opened the first folder, which was first a list of 23 candidates for parliament.

Behind the scenes, Connecticut's Rep. David Melros, a Democrat who has been at odds with the Westeros system, is in a very prominent position. Democratic Senator Craig Ames, who is proposing an 'asset tax' in Wisconsin, is at the top of the list.

David Melros and Craig Ames are two of the most active politicians in recent times against the Westeros system.

Somewhat ironically, both are members of the Westeros-backed Democratic Party.

In contrast, most Republicans who are opposed to the Westeros system are less intense.

The only thing that makes Simon a little relieved is that in this list, Republicans are more than twice as many as Democrats, and it is finally the Westeros system's huge political capital investment in recent years that has not been fed to the white-eyed wolf in vain.

The list is followed by detailed information on the 23 MPs, including their political resumes and recent statements about the Westeros system.

Simon looked through it and gestured to Girl A, and Allison continued: "There is also a file below that contains information on the main competitors of the 23 congressional candidates, followed by the leader of the Wisconsin sniper team recommended by Mr. Schlap, named Paul Brown. Spices, 37, a native of Milwaukee, Wisconsin, graduated from the University of Wisconsin, and was originally the head of the political lobbying department and the company-affiliated political action committee of Verizon Telecommunications. ”

In the face of recent attacks by the media and politicians, the Westeros system certainly does not remain indifferent.

Simon personally led the development of a 'sniper plan', intending to select a subset of candidates for parliament in the Westeros system to carry out 'precision strikes' in order to achieve the effect of killing chickens and monkeys.

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