Chapter 651: Guilty of Petitioning
The media in the United States, let alone trade secrets, can expose even state secrets.
New Globe offered $4.2 billion to buy MGM, which became an open secret.
The news was first reported by the Wall Street Journal: "On August 30, New Globe Group made another offer to MGM, raising the price to $4.2 billion! ”
According to CNBC, New Globe Group is offering $4.2 billion to acquire all of MGM Pictures' assets. If the deal is reached, New Universal's film territory will be further expanded, and the Hollywood landscape will also have new changes. New Universal will overtake Time Warner to become the largest film group.
The Hollywood Reporter believes that "Done Walker is rising rapidly and is becoming more and more ambitious", and "if there is one person in this world who can save MGM, then this person must be Donn".
In an exclusive interview with CNN, Michael Ovitz said: "New Globe is most envied by the industry for its complete industrial chain layout - film and television entertainment, media networks, theme parks and resorts, consumer goods derivatives and interactive entertainment. The acquisition of MGM will further strengthen New Universal's strength in the film and television entertainment industry. ”
In any case, just as Donn wanted to build Hollywood's first film museum, New Universal's acquisition of MGM was recognized by the whole of Hollywood.
MGM has been ruined by Cork Corkerian, and there is no longer the glory of dominating Hollywood.
Returning to the roots, back to Hollywood.
Instead of becoming a financial instrument in the hands of a casino tycoon, this is a good option.
In September, Donn finished filming "The Departed" and returned to Los Angeles.
He became the most popular and popular person in the Hollywood industry!
As for Sony, which also has a high interest in MGM, it is not favored by the industry at all.
Sony?
For the past ten years, it has been the biggest joke in Hollywood!
That year, Sony spent $3.4 billion in cash, plus $1.6 billion in debt, to acquire Columbia Pictures for a sky-high price of $5 billion.
Then, it was "played" by Hollywood.
Columbia Pictures executives resigned en masse, and Sony was not discouraged, spending a huge amount of money to poach two producers from Warner Bros. - Peter Coober and Jean Peters.
They are jointly responsible for managing Columbia Pictures.
Sony offered a sky-high annual salary of $2.75 million at the time, and set up a $50 million incentive fund, plus stock options.
Not only that, Sony also spent $200 million to buy the production company of the two people who were constantly losing money at a price 40% higher than the market price, in order to expect the two to be loyal.
That's not all!
At that time, Japan had just entered the American market, and it did not understand the game of US imperialism. I think that the business environment in the United States is the same as that of Japan, and it pursues loyalty, trust, and bushido.
Immediately afterward, Warner Bros. sued Sony!
It turned out that Peter Guber and Jean Peters and Warner still had contracts that had not been terminated, and they were poached by Sony.
At this time, the Japanese didn't even understand the routine of buying out the contract!
They thought Peter Cooper and Jean Peters had done everything.
As a result, Sony compensated Warner another $800 million for this!
And that's not all!
Who is Jean Peters?
He turned out to be just a hairstylist for Hollywood stars, he didn't even finish junior high school, he didn't read much, he had a short personality, and he was reused by Warner because he could handle the relationship with stars;
Peter Guber was a bit better, he had a bachelor's degree in law and worked for Columbia Pictures, but was fired for bad behavior.
Later, he went to work for Polygram Pictures, which ended the company's film production business with a loss of $100 million. This also led to the acquisition of Polygram Entertainment by the Seagram Group as a whole, Polygram Records was merged into Universal Music, and Polygram Pictures was merged into Universal Pictures.
All kinds of resumes have made the two have a very bad reputation in Hollywood.
Although they often put the name of "producer" in some famous films, they often have a false name.
For example, when they produced Steven Spielberg's movie "The Color Purple", Spielberg clearly stipulated in the contract that the two were not allowed to step on the set!
What would be the effect of having these two men run Columbia Pictures?
It can well be imagined.
For the next five years, they squandered Japanese money.
Use company money to decorate luxury homes and offices, throw big parties, buy expensive special planes, and hire high-priced "models" to enjoy life......
At the same time, no one takes care of the formal film business, and the films released are more money-losing than the last.
This is definitely the most public and earth-shattering act of defeat in the history of the entertainment industry!
Rare in the world!
In the past few years, not counting the junk physical assets acquired by the two, the lost cash flow alone has a full 3 billion US dollars!
It was only at the end of 1994 that the two were finally fired, and Sony reported a quarterly loss of $3.2 billion, the largest loss in the history of Japanese companies at the time.
It was also the largest loss for a foreign investor in the United States.
In the years that followed, Sony made a series of management changes to finally make the film company self-financing.
But this year, it's miserable again.
"Thunderbolt 2" has a relatively small loss, and it can still return to its original cost after two or three years of operation.
But what about Jedi Men 2?
This movie, no return!
This year's Sony Pictures will lose at least $200 million!
Sony's CEO, Nobuyuki Idei, originally wanted to curb the excessive development of Sony in the United States, so as not to show a situation of big tails.
Now, Sony Pictures is losing money, which has made Sony's finances worse!
Sony's stock price is falling like crazy, with a staggering deficit every quarter. In order to make a living, they are all auctioning off the headquarters building, in this case, they have to take out excess funds to support the film and television industry and acquire MGM?
No way!
Rao is the head of Sony America, Howard Stringer, tried hard to persuade him about the importance of acquiring MGM, but he still failed to convince Nobuyuki Idei.
It is also impossible to convince.
MGM has such a high price, with Sony's current cash flow, can it afford it?
If you can't find an international consortium to back your back, you can only give up!
At the beginning of the year, Cork Corkerian spat and MGM entered the auction market.
A number of companies, including Viacom, General Electric, Microsoft, Sony, Disney, Comcast, New Universal, Lionsgate, and Time Warner, have all had the idea of acquiring MGM.
In September, the last bidder, Sony, officially withdrew.
Only the New Universal Group remains, and it is still interested in MGM.
After Sony USA announced that it was withdrawing from the bid for MGM, the next day, New Universal received a reply from Cork Corkerian agreeing to sell MGM!
However, the price is negotiable.
Cork Corkerian was greedy and made a request of $4.5 billion, $300 million more than New Universal's offer.
"It's fine!"
Don was quite happy with the result.
After a series of his layout efforts, the goal was finally achieved.
Moreover, the price is 300 million dollars lower than when MGM was sold to Sony in the previous life.
Well, there should be room for price reductions.
……
After the failure of "Jedi Men 2", Jerry Bruckheimer switched to Paramount, and Michael Bay was even more miserable, and could only use DreamWorks as his last backer.
This golden partner can be regarded as a complete breakup.
Don't look at Paramount being sanctioned by New Universal and Disney, life is very difficult, but this is far from being comparable to DreamWorks.
Now DreamWorks, except for DreamWorks Animation Studio, which is a profitable department, other departments are all losing money!
David Geffen, one of the Big Three, has made it clear that he has quit DreamWorks.
And Jeffrey Katzenberg is also firmly promoting a major initiative within DreamWorks - to split DreamWorks and DreamWorks Animation!
As the top head of the live-action film department, Steven Spielberg is helpless.
He can only pick up some projects or producers that the Big Six can't look down on, and work for DreamWorks.
That's true for John Wu, and so is Michael Bay.
No, I heard that Donn came back from filming, so Spielberg let out his old face and took Michael Bay to the door in person, and pleaded guilty.
Ella Fisher was reporting this to Don and was very excited, "Don, that guy came to admit his mistake! Hmph, I thought I could turn over if I found Spielberg, dreaming!"
She has been by Don's side since he started his business.
She knew there was a time when Don was under tremendous pressure from all sides.
Among them, including this Michael Bay's big remarks in front of the media!
used his popular influence after filming blockbusters such as "Brave Death Island" and "Peerless Tribulation" to openly criticize Don.
During that period, if Tang En had a trace of weakness, Tang En Pictures might have collapsed.
There would be no achievements of the New Global Group today.
Ella Fisher held a grudge.
Don is also reluctant and doesn't want to see Michael Bay.
"If you don't want to see it, you won't see it, and it's not an important person anyway. Ira Fisher was unimpressed.
Following Tang En's side, she has seen a lot of big shots, and the former director who was the box office champion of the year is not worth mentioning in her eyes.
Donn waved his hand, "Michael Bay can be gone, but Steven's face must be given." ”
"I see!"
Ella Fisher straightened her small chest and went out confidently.
……
"Director Spielberg, the boss let you in. ”
Ella Fisher wore a professional skirt suit, and her temperament was compelling and heroic.
Spielberg smiled slightly, "That's trouble." ”
Michael Bay also breathed a sigh of relief and secretly said, "It's okay!"
showed a smile that was more flattering and more flattering, and I was very happy.
It seems that Don is not as vindictive as the legend says.
"Wait!"
Ella Fisher suddenly waved her hand, not giving Michael Bay a good face at all, "The boss said, I only saw Director Spielberg alone." ”
"Huh?"
Michael Bay was stunned, his face like a pig's liver.
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