Chapter 717: Live Music
Zhou Shi is not arrogant enough to think that the world is invincible and will make enemies for no reason, but as a far-sighted entrepreneur, he has more considerations. The Gallic rooster's contempt for him was just an inducement, and although he was angry, he didn't really want to do what he wanted, but just to take advantage of the situation.
HSBC deliberately used a series of baits such as Baidai Music to create a conflict between Citigroup and Zhou Shi, and the ultimate purpose is unknown. He will not remain indifferent, always to make some temptations, and the contempt of the French is a good opportunity.
Another reason is the adjustment of Zhou Shi's strategic direction, his main industries are concentrated in China and the United States, but the contradictions between these two countries are very prominent, which has nothing to do with justice, only interests. In the development of the two big countries, he can certainly get the most gains, but once things are not harmonious, it is likely that the previous achievements will be wasted. It's not that Zhou Shi didn't break the law, the United States or the Huaxia government can't find an excuse, and there is no excuse for the crime that wants to be added, the United States' attack on Huawei is a piece of evidence, if you insist on saying that there is a Huaxia government behind Huawei, then the United States' hot hand "dismemberment" of Alstom should also be used as a reference.
Zhou Shi is not an American, his ultimate interest or foundation can only be Huaxia, maybe this situation will change in a few decades, but it will not change now. Therefore, it is necessary for him to prevent and compromise a possible war between China and the United States. The cunning rabbit is still three holes, how could Zhou Shi put his eggs in one basket, Europe is his target.
Although Britain is a good place, but Britain's Brexit is tortuous and bizarre, and with such a hypocritical country and government, how can Zhou Shi rest assured that he will put another industrial center here, and then what other places are suitable besides Britain? If there is no local power to help, he may choose to enter Europe in a quiet way, and since there is someone to help, why not take advantage of the power of HSBC and RBS in Europe. You can also kill multiple birds with one stone, and by the way, test their own purpose.
As the richest man in France, especially Bernard Arnault, the richest man in France who chases fashion, his political and business relations in France and even Europe will not be bad, and his means will not be less. He was able to take over Louis Vuitton and take control of the company without a large or relatively controlling stake, which shows his own ability and connections. The Bernard Arnault family became the largest shareholder of Carrefour, although it may not be able to control the company, but when you think about the history of this company in France and even Europe, you know that the chances of success in acquiring Carrefour are not very high, and even if you have enough funds in the end, it is very likely to be blocked by the French government. His goal was not to buy a company with such a large influence, but a board of directors that was deeply entrenched and slightly stubborn. It's just an excuse to show your strength, and if you can force the other party to compromise, that's a great thing.
One or two successes or failures in Europe, as long as it doesn't hurt the muscles and bones, it's not a big deal, you must know that Zhou Shi's age is his biggest killer feature, he can consume all the rich people in Europe now, if someone is hostile to him, unless Zhou Shi's wealth declines soon, otherwise decades later, will those families who are against him still be able to maintain long-term wealth and glory? Of course, if these people can completely eliminate the possibility of Zhou Shi entering Europe, or destroy him humanely, there is no need to worry, but this kind of thing is likely to have greater consequences, besides, who knows what Zhou Shi has to do with him?
Regardless of the preparation for the acquisition of Carrefour, the affairs of Momoyo have also progressed.
Zhou Shi decided to use the family trust, Galaxy Capital and Guoke to jointly acquire EMI Music.
Who acquires is not the point, anyway, most of the funds will be backed by HSBC, the important thing is how to change the current dilemma of Baidai, Baidai Music must carry out strategic transformation, the focus he has already chosen, one is digital streaming media, and the other is live performance. Needless to say, streaming is well known to everyone that Penguin Music and Spotify are all representatives of this. Live performances are easy to understand, and events such as concerts, music festivals, etc., are all live performances.
Although the market for live music performances is not large, the growth rate is gratifying, and it is also a cultural and creative company, and after a few years, this market will be able to maintain a growth rate of 30 to 40 percent in China, and it is not far behind abroad. Even from the perspective of the present, looking for a way out for music, live performance is a conceivable field. To this end, he even arranged for Galaxy Capital to begin the acquisition of Live Nation, the world's largest concert organizer and the second largest music venue operator, and on February 10, 2009, Live Nation announced that it would merge with Ticketmaster, the world's largest ticketing system company. The merger of the two companies did not work well, and Live Nation is a traditional industry company, with 90% of its external investors being institutional, while Ticketmaster is considered a technology company, with 54.77% of its external investors being institutional and a significant proportion of individual investors.
"Mr. Zhou, I'm afraid it will be difficult for us to make an acquisition!" said Li Kesong, the current head of Galaxy Capital and one of the successors of Carlyle Capital in the future.
"Why?" Zhou Shi was puzzled
"Live Nation's largest shareholder is Libberty Media, a Fortune 500 company with more than 200 people, the majority shareholder of this company, the actual controller is John Malone, a well-known wealthy man in the United States, he was the CEO of the cable TV giant TCI, and later sold to the rising AT&T, and now controls or invests in more than a dozen well-known companies through free media companies, which is a bit similar to Berkshire Hathaway, and Berkshire Hathaway is also a major shareholder of the liberal media company....." Li Kesong
"That's really troublesome!" Zhou Shi, Live Nation is just a market value of more than a billion US dollars, and the profitability is just like that, after all, the live music market has not yet exploded, even the leader of this industry is not worth much, even after many years, the market value of this company is about 10 billion US dollars, Zhou Shi does not know the development of this company, but he wants to make the recording music giant Baidai Music into a music service company, live music and recorded music together is a one-stop service, even if Baidai cannot be with Live Nation merger, but for Zhou Shi, there can be a lot of synergy in controlling both types of businesses at the same time.
"I'll go talk to someone!" Zhou Shi, where is there Buffett in the United States!
(End of chapter)