Chapter 287: The Japanese Government Intervenes in the Acquisition

Due to the importance of the acquisition of Toho Co., Ltd., involving billions of dollars, Bobby Robin, CEO of Galaxy Films, personally traveled to Japan to preside over the acquisition!

Toho Co., Ltd. was formed in 1943 by the merger of Tokyo Takarazuka Theater Company and Toho Film Company, and established modern luxury theaters and movie theaters throughout the country. Toho owns some of Toho's most famous theaters, such as the Imperial Theater, Japan's first Western-style theater. In addition, Toho has 350 theaters!

Toho Co., Ltd. is a company with a complete industrial chain that integrates production, distribution, and theaters! In this respect, Japan is different from the United States, because American film companies cannot own American theaters!

In addition, Toho Co., Ltd. is also the initiator of Fuji TV in Japan, that is, one of the shareholders. With Fuji TV's relationship and its own advantages, Toho's subsidiary, Toho Artsono, has quickly developed into one of the most influential brokerage companies in Japan.

It can be said that Toho Co., Ltd.'s influence in the Japanese entertainment industry is very important!

When the news of Galaxy Pictures' intention to acquire Toho Co., Ltd. reached Japan, it immediately caused panic among the entire Japanese film company.

The Asahi Shimbun reported: "Hollywood movie giants are aiming at the Japanese market!"

The Yomiuri Shimbun reported: "Sony's acquisition of Columbia Pictures in the United States greatly encouraged the hearts of the Japanese! But now, the Yankees are coming back!!

Many Japanese people marched and demonstrated, calling for the Japanese government to intervene to prevent Galaxy Pictures from acquiring Toho Co., Ltd.!

"Refuse to buy!"

"We ask the government to stop the acquisition of Galaxy Films!"

The Japanese are too naïve and cheap, Sony can buy Columbia Pictures in the United States, and the American film company is not allowed to buy your Japanese film company?

The demonstration was very loud, and hundreds of people gathered in the Tokyo area. Even American newspapers made special reports.

A few days after the news of the Galaxy Film Company's plan to acquire Dongbao spread, some people soon organized a demonstration. If you want to say that there is no trick behind this, no one instigates it, who believes it? There must be someone who does not want Galaxy Film Company to buy Toho Co., Ltd......

Who could these people be?

The acquisition of Toho Co., Ltd. was nothing short of doom for other Japanese film companies. Because after Toho was acquired. They are about to face a more formidable opponent, and they don't have the confidence to go up against Galaxy Films!

Galaxy Pictures is in the limelight, and last year's four films dominated the top four at the global box office, which is unprecedented.

No matter which company it is, in the face of such a movie giant, everyone is timid!

Therefore, it is understandable that Japanese film companies have joined forces to mobilize forces to block Galaxy Films' entry into Japan!

What is the attitude of the Japanese government?

Of course, the Japanese government is biased in favor of Japanese film companies. Government officials from its relevant departments said in front of the media that Toho Co., Ltd. is a film company with a long history in Japan and has great influence, and foreign acquisition is not allowed!

This statement immediately brought the negotiations between Galaxy Film and Toho Co., Ltd. to a standstill.

Bobby Robin called Henry to report the situation to him.

Henry, who was preparing for the IPO of his Internet company, fell silent after receiving a call from Bobby Robin and listening to him describe the difficulties of the negotiation process.

The intervention of the Japanese government. It's a bit tricky.

He rubbed his temples and pondered.

The phone still hasn't hung up. Bobby Robin knew that Henry was thinking, so he waited quietly for Henry's orders.

"Robin," said Henry, "I will find a way to solve the acquisition of Toho Co., Ltd. as soon as possible!"

"We're going to settle for the next best thing, buy another company first, and wait until I've solved the Japanese government's problems. Acquisition of Toho Co., Ltd."

Bobby Robin asked, "Chairman, which company are we buying now?"

"Studio Ghibli," says Henry, "is a company that specializes in animated films, and one of the founders of the company is one of the most famous Japanese directors, Hayao Miyazaki!! Toho is good at making TV cartoons. Studio Ghibli Animation is good at making animated films, and the two complement each other! Since we can't take Toho for the time being, let's take Studio Ghibli first! Remember, we have to keep Miyazaki!!"

Hayao Miyazaki is a legend in the Japanese animation industry, and without him, Japan's animation career would be overshadowed! It can be said that Hayao Miyazaki's name and his Studio Ghibli are synonymous with Japanese animation! The animation films he directed are the only important force in Asia that can compete with Disney and DreamWorks!

Bobby Robin, as an industry insider, obviously also knows something about Ghibli Animation Studios and Hayao Miyazaki, he nodded and said, "Don't worry, chairman, Hayao Miyazaki is indeed a talent, we will definitely keep him!"

After receiving instructions from Henry, Bobby Robin temporarily halted negotiations with Toho in favor of the acquisition of Ghibli Studios. Founded in 1986, Ghibli Animation Studio has only been established for a short time, but since its establishment, it has become one of the brightest new stars among Japanese animation film companies.

Bobby Robin went so fast that the next day he sent someone to Studio Ghibli to make a formal purchase request.

"Hello Mr. Miyazaki, I'm Hank Alley, the representative of Galaxy Films, and I am now officially making a takeover request to Ghibli Animation Studios on behalf of Galaxy Films! Galaxy Pictures intends to acquire a 70% stake in Ghibli Animation Studios for $120 million. At the same time, after the completion of the acquisition, we will launch an equity incentive plan, and give 10% of the shares to reward employees like you who have made great contributions to the company!"

Hank Alley said, "Once Studio Ghibli Animation is integrated into Galaxy, it will not only receive financial support, but also technical support. For Studio Ghibli, it's good and harmless!Mr. Miyazaki, please think about it!"

Miyazaki nodded and said, "Mr. Hank Arley, we'll think about it seriously!"

"Well, then I'll come back in three days, and then we'll be talking in detail!" Hank Allie smiled and said goodbye to Miyazaki.

……

Henry was sending people to lobby the U.S. government to put pressure on Japan.

Henry contacted US President Clinton and dozens of members of the US Congress to join forces to convene a small meeting in the United States, the main content of which was naturally Japan's intervention in the Galaxy Film Company's acquisition of Toho Corporation. Soon after, the US diplomatic spokesman took a very tough tone:

"Galaxy Pictures' acquisition of Toho Co., Ltd. is a normal business merger and acquisition, and the Japanese government cannot interfere with !!"

"If the Japanese government wants to intervene, then we're going to have Sony spit out Columbia Pictures!!"

, it's a matter of old man's, Sony is innocently lying on the gun, and I want to cry without tears.

Not long after, Sony issued a statement in righteous words, dissociating the relationship: "The Japanese government should indeed not casually interfere in normal commercial mergers and acquisitions!"

This is a good time, the Japanese government was stabbed in the back by Sony!

In the end, the Japanese Government did not dare to say a word, and turned a blind eye to the Galaxy Film Company's acquisition of Toho Co., Ltd., pretending not to know at all!

As a result, Galaxy Pictures restarted its acquisition of Toho Co., Ltd.!

After Henry got the news, a sneer of disdain appeared on his face: "The Japanese government is very awesome, right, you have to pretend to be a grandson in front of the US government!"

(To be continued.) )