411 Disney in distress
The group spent nearly an hour visiting the entire Disney headquarters, in addition to visiting the various administrative departments inside the building, and visiting the anime image exhibition hall on the 17th floor, Alan Walker personally led the way, and introduced the history of various anime, past achievements, future development plans, etc......
Soon, everyone came to the conference room on the top floor of the building, and the idle people and others dispersed, leaving only a few top managers.
"Alan, what are you in charge of in the company now?" a few people did it in the conference room, and Xu Zhi asked with a smile.
"I'm mainly in charge of film and television. Alan Walker replied.
"Film and television business?"
"Yes, but in recent years, there has been no profit. Allen nodded a little embarrassedly, Disney in the Walt era, although the entire company also made movies, but they were all anime works, until the 70s, most of the entire Disney business suffered losses, coinciding with Spielberg's Great White Shark The global box office was as high as 470 million US dollars, and "Star Wars" was also a huge success, Disney began to enter the sci-fi thriller film business in order to find a new profitable business, and inevitably became a follower of the toddler.
An animation company went to shoot a science fiction movie, and if it succeeded, it could only appear in the middle, and Disney invested $20 million in the science fiction film "Black Hole", which turned out to be a measly $3.6 million at the box office.
A huge loss has not learned a lesson, and Disney has made several movies in the future, none of which did not lose money.
After suffering hardships, Disney became obedient and began to invest in making family-friendly movies, the subject matter is right, but the style is still stuck in the 60s, which is not accepted by the market, and even the original animated film business is not good at the box office.
Xu Zhi said: "I have seen several of the company's main business statements before I came, and the company's film business is indeed losing money, but since Disney is a cultural company, we naturally can't give up this part of the business. ”
"Thank you, boss. Alan Walker said excitedly, Disney's several vice presidents are responsible for different businesses, and everyone is competing for funds to sue the company, after all, with funds, their own business can develop better.
Alan then asked, "So what kind of movies do we make?"
Xu Zhi said: "This meeting is a meeting of the whole company, and the specific details of the film will be discussed in a separate meeting next time." ”
"Okay, got it. Alan Walker said.
Xu Zhi nodded, and said to everyone: "Everyone, this is my first time attending a meeting of the Disney Company, at present, I am not familiar with Disney's business and operation, if you have any questions, or anything I can help, you can say it now." ”
"Boss, Disneyland is the main flagship of our company's financial revenue, but due to a long-term lack of funds, the maintenance aspect is almost unable to keep up with the needs, I don't know when our park will be funded for renovation and expansion?" asked a middle-aged man with gold-rimmed glasses, who is the director of Disneyland, Cole Dinan.
At present, 70% of the company's revenue is provided by the two parks, and the other peripherals, film and television, and entertainment are not as good as any park.
However, because of the high flow of visitors, the huge complex like Disneyland has to be renovated every few years, and new entertainment needs to be added to attract tourists to come back to the tourist spending.
The amount of this investment is naturally not small, Disney used to be short of funds and has been in arrears for a while, but now that the new owner is here, this matter naturally has to be raised early.
Xu Zhi asked, "How much does it cost to renovate and expand?"
"Walt Disney opened relatively late, so the facilities in the park are not too old, and we only need to add some of the facilities, which will cost about $20 million," said Cole Dianan.
California Disney has been in business for nearly 30 years, a large number of facilities need to be renovated, and many visitors have played many times in the park's internal attractions, so it needs to be expanded, adding new entertainment venues, the company has long had a new plan, but the cost is too high, this cost is almost 300 million US dollars. ”
"So expensive!" Xu Zhi frowned.
Peter next to him said: "Boss, I have read the internal documents of Disney, the area of Disneyland is very large, it can be a small city, even if it is only partially renovated, the cost is very high.
And if it is expanded, it is almost equivalent to rebuilding half of the park, which can easily cost hundreds of millions of dollars. ”
"Well, I see, I'll think about it carefully. Xu Zhi couldn't help but have a headache, the acquisition of Disney alone cost $2.4 billion, and the various expenses in the acquisition process were as high as $100 million, and now he has to bear more than a billion dollars of debt from the original Disney company.
With such a huge debt, even Midea's ability to make money will take several years to pay off.
At present, his best cash cows are Midea and Blackstone Fund, but there are also large-scale mergers and acquisitions in Xiangjiang in the future, and the funds on Midea's account cannot be used casually. And a large amount of Blackstone Fund's funds are high-quality stocks with very bright money prospects, and he will not sell these stocks unless he has to.
As for Evergrande, there are indeed a lot of assets, but they are all real estate, and now the real estate market in Xiangjiang is in a downturn, and it is unlikely that there will be a large amount of extra money.
Another Hutchison, although he has made hundreds of millions of dollars by investing in General Electric, is a listed company, and the controlling shareholder can use the money of the listed company for his own purposes, but it must be a normal investment in name, and he will lend Hutchison's money to maintain Disneyland?
So, the best way to find a few hundred million dollars to renovate and expand Disneyland is to borrow again.
However, Xu Zhi was reluctant to do so, because Midea had already mortgaged and wanted to borrow hundreds of millions of dollars, which was to expose the huge amount of shares controlled by the Blackstone Fund to a certain bank, which he was unwilling to expose for the time being.
In this world, there are only two investment methods that can quickly make small and large investments, one is finance, and the other is movies.
Obviously, if Disney wants to get funds for development quickly, it must quickly make a popular movie.