Chapter 915: Strong Entry into Hollywood (3rd Update)

The good news is that Goldman Sachs has officially secured the acquisition of the intractable American gambling tycoon Kirk Kercorion by spinning off MGM Pictures from MGM Hotel Group.

I don't know where the news leaked, the Wall Street Journal, the Los Angeles Times, and the New York Times and other media outlets scrambled to report the relevant news, and analyzed how much impact Goldman Sachs Group's formal intervention in Hollywood would have on the American film industry.

Wall Street and Hollywood were shaken.

Although Goldman Sachs Group is a Wall Street capital giant, it is also the core force of the Jewish Group, and in general, the Jewish Group's voice and influence in Hollywood will expand again!

The "lion" MGM has gained a strong backer of Goldman Sachs, does it mean that it is about to rise again?

Will the "Lion" once again top Hollywood and dominate the film industry?

Major media rushed to the entrance of Goldman Sachs Group's headquarters to block the door, trying to get the most accurate information.

But the executives of Goldman Sachs Group who knew about it were tight-lipped and the employees who didn't know couldn't ask no matter how much they asked.

At the time of divergent opinions, the head of the acquisition project of Goldman Sachs Group came to Polaris Capital in a low-key manner to officially transfer the equity of MGM Pictures, completing the second half of the agreement agreed at the beginning.

Polaris Capital spent $184 million to buy MGM Pictures, and Goldman Sachs made tens of millions of dollars from it.

MGM Pictures is in hand, marking Xia Yu's official foothold in Hollywood.

Although MGM Pictures is now at the bottom of Hollywood, no matter what, the giants are still giants!

Don't look at $184 million is cheap, but it's bought at a net worth premium.

Most of the film companies are fictitious assets, because the value of the huge film library cannot be estimated, and the value varies from period to period.

If you put it in the Internet era in the future, the value will really be discovered, even if you buy a film library, this 184 million dollars will be followed by a zero!

And now, even if the debt is deducted, it still costs this price, which shows that MGM Pictures is not small.

Looking at Columbia Pictures Industries, which is also one of the eight giants of Hollywood, it has not been delisted like MGM Pictures, with a market value of only more than $280 million!

Of course, because Columbia Film Industries has been listed, because the stock price is prone to fluctuations, it will be much more difficult to acquire, and if it is wholly acquired, it will definitely far exceed the market value of more than 280 million US dollars.

This is one of the benefits of going public!

After Polaris Capital took over MGM Pictures, Peter Lynch immediately sent someone to MGM Pictures to take over.

There were many reporters squatting at the entrance of MGM Pictures for a long time, and when the personnel of Polaris Capital moved in, the news came out immediately.

The news of Goldman Sachs' acquisition of MGM Pictures was still noisy on paper, and even more exciting news immediately came out.

MGM Pictures is once again making headlines in major newspapers and television!

It's just that this time there is a third party born out of nowhere - Polaris Capital!

Goldman Sachs Group Inc. and Polaris Capital join forces to hunt the "lion" β€”β€” The New York Times

Polaris Capital, a financial giant not inferior to Goldman Sachsβ€”β€” Wall Street Journal

"Lion" changes hands again, can Polaris Capital let the lion king dominate again?β€”β€” Hollywood Daily

Polaris Capital hunts "lions" strongly, and the film industry is about to explode?β€”β€” Washington Post

......

Such a reversal not only made the melon-eating masses shout "ohmygod", but also shocked the major forces on Wall Street and Hollywood.

Polaris Capital seems interested in making headlines.

It was just four days after MGM Pictures was acquired.

On January 4, 1981, another piece of news shook Hollywood!

One of Hollywood's eight giants, United Arts Season Company (United Pictures), was wholly acquired by Polaris Capital for $60 million!

And on the day of the acquisition, Polaris Capital announced that Luen Mei Pictures will be merged into MGM Pictures in the future!

This means that the Big Eight of Hollywood will become seven!

This will have a profound impact on the power structure of Hollywood.

The simple MGM Pictures and Luen Mei Pictures are the bottom of the eight Hollywood giants.

But now that the two are combined, the most obvious point is that MGM Pictures' film library will become the first in Hollywood!

Moreover, the merger of the two giants will increase the influence and competitiveness of MGM Pictures by a large margin, and it will have the qualification to wrestle with other giants.

Backed by the menacing capital giant Polaris Capital, no one can predict how much MGM Pictures will change.

Hollywood's other six giants are on the lookout for MGM Pictures.

And the circle of independent producers, who rely heavily on MGM Pictures and Luen Mei Pictures, is even more chaotic, and all stakeholders want to know MGM Pictures' attitude towards them.

But these have nothing to do with Xia Yu for the time being, and he doesn't have the heart to pay attention to these people's feelings.

He is now struggling to find the right "Lion King's Knight".

MGM Pictures, which was spun off from MGM Hotels & Resorts, is still not at the helm, and if it weren't for the fact that Polaris Capital already had someone in place to stabilize the situation, it would be a mess right now.

In order to maximize the use of resources, Xia Yu urgently needs a talent who knows Hollywood and has outstanding ability to take charge of MGM Pictures.

Now I don't know how many pairs of eyes in the United States are staring at Polaris Capital and MGM Pictures, and I don't know how many people are looking forward to seeing the joke.

The resistance of the major forces in Hollywood, especially the six giants, has not yet been shown, and if they collapse first, Polaris Capital will become the laughing stock of the United States and a shame for the financial industry!

The momentum when it came and the chicken feathers when it left was enough to make Polaris Capital go down in Hollywood history and become a laughing stock for the ages.

Xia Yu can't afford to lose this face!

Therefore, he immediately mobilized Korn Ferry to make every effort to select suitable candidates for hunting.

He himself combined the memories of later generations to find the "Lion King Knight" from a group of powerful bigwigs in Hollywood!

Xia Yu's first target is Mike Eisner, a Bismarck-like leader who is now at the helm of Paramount Pictures.

The Hollywood tyrant had already played the role of savior twice, and in the early seventies, he brought the near-dead ABC back to life.

Now at the helm of Paramount Pictures, in just four years, Paramount Pictures, which is ranked lower, has once again entered the top three, and the upward momentum is still fierce.

If history hadn't changed, he would have been poached by Disney in 1984, and through a series of drastic reforms, including the frenzied development of brand-driven product sales, upgrading Disneyland, and opening a film and television department to produce non-G-rated films, Disney became the industry leader within a few years, and "The Lion King", "Beauty and the Beast", and "Pocahonta" were sold all over the world.

And through step-by-step acquisitions, Disney expanded into the television and publishing industries, becoming a giant cross-media group.

Although "Tyrant" Mike Eisner has mixed reputations, it is undeniable that his ability is extremely strong.

It's a pity that embarrassingly, in the face of Korn Ferry's poaching, Mike Eisner simply refused.

Korn Ferry decided to change its target, targeting Warner Bros. President Terry Semel and General Manager and Vice President Robert Daly.

Together, these two will single-handedly build Warner Bros. into the world's largest and most creative media and entertainment company.

Not only that, Terry Semel later served as the president of Yahoo, and if MGM Pictures hires him, it will be enough for him to take down the beginning of the 21st century, and Xia Yu will not need to be replaced!

But unfortunately, these two did not hesitate to refuse, both of them have only worked in Warner Bros. for three years, and have already taken Warner Bros. on the fast track to rise, and now they are enjoying the thrill of rising, how can they be willing to take the helm of MGM Pictures at the bottom?

In the past few days, Korn Ferry has failed to poach people one after another, and the news has leaked out, and some media have begun to ridicule MGM Pictures in public.

PS: Say good news to your brother tomorrow, I don't want you to get your wish, I'm going to tell you today, hehe!

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