Chapter 402: Acquisition of Summit Entertainment
"Damn!" Zhou Shi spit out a national scolding, indignant
"What?" Kevin Feige looked at Zhou Shi in confusion
"Disney is too deceitful!" After a few days of negotiations, Disney took a tough attitude, and before they began to negotiate the price of Miramax, they had to determine the status of Marvel's largest shareholder.
"yes, they're asking too much. Kevin Feige agreed, although this matter has nothing to do with him, but when Marvel becomes the largest shareholder of the company, the management of the company will definitely change. Who knows what the future holds?
"We can't sit back and wait. Zhou Shi was very unhappy and made Disney a major shareholder, and it was better to be directly acquired by them. Fortunately, at this time, most shareholders knew that they did not agree to such conditions, for fear that Disney would be attacking the West, or that the drunkard would not want to drink, and would like to buy Marvel.
"What are we going to do?, does Simon have any thoughts right now?"
"Let's go buy Summit Entertainment!" Zhou Shi said hatefully
"Why?" a string of question marks popped up on Kevin Feige's head, Zhou Shi didn't agree to his suggestion last time, why did he take the initiative this time?
"At this time and that time, we use Summit Entertainment to create pressure on Disney, and the price of Summit Entertainment should not be high now, right?"
"At the scale they are now, it won't be more than $300 million. "Kevin
"Well, you know that?" Zhou Shi
"They are also an old company, and they have recently been lucky enough to acquire a production and sales book, and the income after the adaptation of the movie is good, otherwise it is really worthless. "Kevin Feige
"Then let's talk to them, but apart from money, what other conditions can we give them?" Zhou Shi knew that it was difficult for such an acquisition to succeed only with money, unless the price offered made the other party unable to refuse, Zhou Shi was willing to settle it with money, but unfortunately Marvel was not his own, and he couldn't be the master.
"yes, what for them?" Kevin Feige hesitated
The acquisition of nearly 300 million is not a small amount, and it is not possible to achieve the goal by relying on Marvel alone, in addition to paying off debts, almost all the money earned from the first two movies has been invested in film production, and the issuance of bonds is not very suitable at this time, so Tianhe Securities has undoubtedly joined it.
Summit Entertainment started as a company responsible for consignment sales overseas, and in 2007 it was reorganized into a real film production and distribution company by Rob Friedman and Patrick Waxsberger of the United States, and it became a mainstream Hollywood film company until "Twilight" was a box office hit, with its first film grossing $350 million worldwide.
"To be honest, I can't think of a reason for Marvel to buy us! You're just getting better, so it seems a bit unwise. Rob Freman
"We are very optimistic about the future of "Twilight" and Freman's vision and ability, we not only want to develop Marvel's superhero movies, but also need more types of films to diversify the risk, and Summit Entertainment can well complement our shortcomings in this regard. "Kevin Feige
"Marvel is going to transform into a film company?" said Rob Freman
"It's not just a film company, we will learn from Disney and be a cultural company. We will venture into projects such as theme parks and cultural tourism properties to further increase our revenue streams. "Kevin Feige
"Theme parks?" Rob Freman
"It's a little early now, but I believe that Marvel's superheroes have the potential, and we still have plenty of financial backing. "Kevin Feige
"I don't think you doubt my strength, right?" Zhou Shi
"Simon Zhou!"
"That's me!" Zhou Shi
"You don't seem to be the majority shareholder of Marvel, do you? I can't think of any reason why you should pay too much for Marvel?"
"Hmm~~ I'm preparing to take this opportunity to become the largest shareholder of Marvel. Zhou Shi turned his head slightly, glanced at Kevin Feiqi, fortunately there was no overreaction.
"But why should we sell it to you, and what good is it for us?" said Rob Freman
"For so many years, Summit Entertainment has not had any major development, and I think the shareholders of Summit may not have much confidence in the future, right? Joining Marvel, Summit Entertainment's funds will not be so tight, you can get more benefits, and you just want to make some small and medium-budget movies? Don't you want to participate in Hollywood big-budget movies?" Kevin Feige poked Rob Freman's soft underbelly, Summit is not a big company, the first part of "Twilight" is successful, can the second part be successful? How long does it take to make back the funds acquired by Marvel? How big is the risk? You must know that the probability of failure in the film industry is very high. The shareholders of the summit may not have this confidence, and even the shareholders of Marvel may not have confidence in Zhou Shi and Kevin Feige. But who made Zhou Shi have more money, this is their advantage.
Without much nonsense, two or three days later, the parties began to negotiate the price. The premium is yes, and there are three forms of equity and cash combinations offered to them to choose from. At this time, Tianhe Securities came into play, but fortunately, the financial crisis gave them plenty of elites to choose from. Moreover, the network established in the general bond acquisition case allows Tianhe Securities to carry out various businesses relatively smoothly. They handle these things very well. Zhou Shi also formally submitted the matter to the board of directors for discussion. He had already discussed with Palmat, Palmat held more than 30% of the shares, Zhou Shi 20%, which was already more than half, not to mention that Palmat's friends also supported him, and Disney had not yet joined the Marvel board of directors. So the board of directors did not cause any obstruction to the acquisition, and his purpose was to leak the news to Disney.
"Don't you want to buy Miramax, why don't you notify us of such a thing as the acquisition of Summit Entertainment?" one of Disney's vice presidents roared
"We are sincere, but Disney is not sincere, and we will naturally think of other ways. Marvel's CEO Wilson (can't be found, nonsense)
"You're betraying Disney!"
Disney is just a partner of Marvel, we are not your subsidiary! Without Disney, there are other companies, and we are not short of partners!" Wilson
"It's your sincerity to talk about cooperation with us and buy other film and television companies at the same time?" said the vice president of Disney calmed down slightly
"Our acquisition of other companies has nothing to do with our negotiations with Disney, it depends on Disney's sincerity, and if it is still on the same terms, it will definitely not work. "Wilson is a close confidant of Palmart, and Kevin Feige is the CEO of Marvel Studios and is responsible to Wilson. But now in the eyes of others, Kevin Feige can be regarded as Zhou Shi's person. Even so, due to Zhou Shi's respect for Palmart, Marvel is quite unified internally.
Disney's vice president forcibly suppressed his anger, but there was nothing he could do. Taking a stake in Marvel is Disney's strategy, and he can't give up on it. But now he has not many chips in his hands, and the balance of negotiations is once again tilted in favor of Marvel.
(End of chapter)