Chapter 696: Baidai Music

With the rise of the Internet, the proliferation of P2P, the collapse of CD sales, and the rapid development of digital music, the traditional record industry has become a well-known sunset industry.

Zhou Shi, who originally wanted to make a difference in the music market, parted ways with Lu He because of the merger with Yahoo last year, and missed a lot of big things, such as the Warner Music acquisition at about the same time as his stay at Yahoo, which sold the well-known music group to an investment company for $3.3 billion. Then because of the arrears and non-repayment, EMI Records, which was hosted by Citigroup, fell into the dilemma of being sold. This time in history, it was Universal and Sony Music that split off for 100 generations. Momoyo acquired the record company, and a consortium led by Sony acquired the music rights company. This time, though, it's clearly different

Due to Zhou Shi's intervention, Michael Jackson had no accidents, and due to the rise of social networks, under Zhou Shi's guidance, Jackson's economic situation who actively participated in social media activities improved a lot, and more importantly, he doubted his cooperation with Sony. Jackson, who owns half of Sony's ATV music group, will naturally turn this suspicion into a reality. It's hard to say what the outcome will be, but Sony ATV Music has clearly lost the basis for expansion right now. As for the Sony BMG, it is not enough.

Universal Music has a global market share of more than 25 percent, and if you want to buy EMI Records, you will inevitably encounter antitrust problems, and this is exactly what happened. In December last year, Citi and the two companies reached an agreement to acquire EMI Records Universally, and Sony Music's parent company and its consortium came forward to buy EMI Music rights. The only obstacle now is the antitrust review by European and American regulators.

"Bandai music is a symbol of British culture, we don't want it to just disappear, we believe you have the ability to turn the bad into the magical," said Au Chi Wah

What is this, is it famous? Zhou Shi felt that 100,000 grass and mud horses were flying around his head.

"If you agree to the acquisition, we are willing to provide financial support accordingly. "Ou Zhihua

"What do you mean by acquisition, overall acquisition or spin-off acquisition?" Zhou Shi

"Of course, it's a whole acquisition!" said Ou Zhihua

"But I know almost nothing about the operation of the record company," Zhou Shi

"We believe that your current success is not because you understand the industry, but because you are good at grasping the changing trend of this world, having courage, and knowing people well," said Ou Zhihua

Why did he praise him so much, Zhou Shi was a little embarrassed, and he told the truth!

"If you agree to buy EMI, HSBC is willing to transfer about US$500 million worth of insurance businesses in places such as Hong Kong Macau and Singapore, and Royal Bank of Scotland is also willing to sell most of its equity and investment banking businesses in Asia worth about US$500 million, including cash, equities, equity research, equity capital markets and advisory services in South Korea, Wanwan, Xiangjiang, Australia, Singapore, Thailand and India. "Ou Zhihua

Forget about the insurance business, AIA is already very strong, but the four elephant fund or magic securities go to sea, but it has great significance, the future of the Belt and Road strategy, this is a big plan promoted at the national level, is a big move in the flow of funds, ordinary people are not able to participate in such a plan, can not benefit from it, but for Zhou Shi, it is obviously an opportunity that can be used.

Everyone's wealth legend is not simple, even if the talent has to follow the trend, Bill Gaizi was born more than ten years earlier, and his legend will not be repeated. One of the biggest trends in the past few decades is that technology or the Internet has changed the world, and for Zhou Shi, although the turning point of his fate was the subprime mortgage crisis, the only thing that can protect and promote the continued development of his career is the rise of China. Contributing to the cause of the country, his gains will not be small. The bait thrown by RBS (Royal Bank of Scotland) and HSBC Holdings is not big, but it has what Zhou Shi needs, which is the first step for Sixiang Fund to go out.

In fact, what RBS and HSBC Holdings threw out was originally the property they were going to sell, either to Zhou Shi or Li Shi, and there was no loss anyway. But what do these two banks have to do with EMI Records, it's inexplicable.

Little did he know that in the past few years, RBS and HSBC would have withdrawn from the U.S. banking market, or would lose most of their strength in the U.S. market. Although a large amount of money was obtained in a short period of time, it would be a loss for the future of an international bank. Later developments also partly illustrated some of the problems, basically abandoning HSBC in the United States to focus on emerging markets, and then Standard Chartered fell to its knees. The strength of Zhou's companies is undeniable, and building a good relationship with him will help the two banks regain their strength. HSBC has sold several properties to Zhou Shi's enterprises in order to establish contacts. HSBC's traditional development strategy is to support the growth of promising companies, and they want to invest in Zhou Shi, but they are worried that his potential has been exhausted. Or they haven't thought about whether to invest in Zhou Shi or his company.

No matter what other people's intentions are, it doesn't matter to Zhou Shi, his own strength determines that not everything can threaten his foundation. It's just that he really doesn't know much about the music market, and this industry will definitely exist for a long time, but in what form it exists, it's really hard to say.

"Okay, I agreed!" Zhou Shi hesitated a little in his heart, but there was no hesitation in his mouth. Billions of dollars of bets will not affect him, and who said that he must buy it himself.

Although it is still uncertain in what form EMI Records will be acquired, and how they will bankrupt the joint acquisition plan of Universal and Sony, Zhou Shi has already made preliminary arrangements, and Time, Guoke, Sixiang, and Galaxy are all involved, contributing money and contributing. However, things didn't turn out the way he imagined, and it took him some time to realize that something was wrong.

The Universal and Sony acquisitions apparently failed antitrust scrutiny in Europe, and the deal plan failed, and then HSBC and RBS teamed up to buy Citibank's debt at a discount in a very short period of time. Only then did Zhou Shi know that he had been cheated, and there was a crack in the relationship between Citibank and him. However, he will not back down now, capriciousness is a taboo in being a man and doing things, and he can only continue the plan to acquire Momoyo.

"It seems that I can't get rid of the title of acquisition madman!" After Zhou Shi and Ou Zhihua and the others separated, they laughed at themselves and said that none of the people around them interjected. The acquisition of one of the world's four major record companies is also a major event for the domestic cultural industry. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.