Chapter 470: Jobs' Decision
Michael Eisner's public attack on Apple as a piracy driver in Congress exploded in Hollywood and Silicon Valley.
Apple's stock price fell from $15.85 to $13.45 on the same day, a drop of more than 14.5%!
Caught between Silicon Valley and Hollywood, Donn is inconvenient to take a stand on this matter, but he treats him coldly.
Michael Eisner's oscillation between commitment and power has seriously affected Donn's interests.
Don wanted to use Pixar to put pressure on Disney and teach Michael Eisner a lesson, but he didn't expect Jobs to disagree with Disney during this time period.
Even though the relationship between Jobs and Michael Eisner was very bad!
Unexpectedly, the peaks and loops turned around, and Jobs would have let him go, but as a result, Michael Eisner had a convulsion and accused Jobs in Congress, this is self-inflicted and cannot live!
Although in his previous life, Jobs chose to forbear and continue to cooperate with Disney after he became angry, but in this life, Don En is sure that Jobs can definitely make a different choice-
First, Donn is Apple's major shareholder, the biggest supporter of Jobs, and has the power to restrain him;
Second, although Disney can create the greatest profit margin for Pixar, Don is more sincere and has more authority in the field of film. Even if Pixar's profits will be damaged in the short term, from a long-term perspective, cooperating with Don is the future of Pixar;
Third, Apple's stock price has grown steadily over the past year, and in addition to the release of the iPod, Don has also continued to absorb the stock, which is also indispensable, and Jobs is grateful;
Fourth, Disney is a Hollywood company, but Donn can get through the relationship between Hollywood and Silicon Valley, which will help Apple and Jobs in the piracy turmoil, and there is a buffer zone;
Fifth, Jobs' temper is very stinky! In his previous life, he chose to forbear, but in this life, he has more Don by his side, with Don helping to buy out the contract, and Don helping to distribute movies, Disney is no longer his only choice.
To sum up, Don was confident about this matter, and waited for Jobs to take the initiative to contact, and then launched a counterattack.
Sure enough, four days later, Donn received a call from Steve Jobs.
"Donne, I've been thinking about this for several days and decided to support you!" On the phone, Jobs's voice was slightly hoarse, obviously not resting well.
Donn's voice was a little underwhelming, "Support me, support me, what?"
Jobs said angrily: "Okay, Donne, you must understand what I'm talking about." We should join forces in this matter!"
Don laughed a few times, "Steve, I told you a long time ago that Eisner is the best at stabbing in the back, and it was a very bad decision for you to cooperate with him! ”
Jobs sighed, "I just want to guarantee Pixar's share price." ”
Don can understand that, too.
If Pixar chooses to buy out the contract and terminate the cooperation with Disney, Pixar's stock price is likely to collapse, even if the new partner is Towne Pictures, it will be difficult to regain the confidence of investors.
There is a big gap between the influence of Disney and Donn Pictures in the animation industry!
"I'm a shareholder in Pixar, and I'm going to make sure Pixar's stock price!" Donn said with a swear, reassuring Jobs.
"Huh?" Jobs raised an eyebrow.
Don said, "I told you I was going to buy Universal Pictures, uh...... Even though the process will be more complicated, I have a very close relationship with Global, and I can negotiate an issuance agreement for Pixar that will help stabilize Pixar's share price. Don Pictures' films, handed over to Universal Pictures for distribution, are only 10% of the commission!"
"10%?" Jobs shook his head disapprovingly, "Donn, you're talking about live-action movies, and Pixar is a cartoon." Animated films have more room for development than live-action films. ”
According to Hollywood's practice, the distributor of cartoons, a film genre with high peripheral property rights, usually asks for more profits.
Donn smiled: "Do you think that the peripheral output of "Spider-Man" will be less than that of Pixar's cartoons? Steve, I said, I can give you what Disney can give you, and I can give what Disney can't give!"
Jobs said, "I don't need you to say it, I've decided." I've notified Pixar's legal department to negotiate a distribution contract between Pixar and Disney, and I'll buy out the contract. ”
"That's right! I used to say that I still counted, the buyout fee, I'll pay for it!" Don breathed a sigh of relief, as if he saw the banknotes that originally belonged to Disney, rolling towards him.
Of course, it's not just Pixar, but also the classic cartoons that Disney has mastered!
Jobs was silent for a long time before he said slowly: "Donne, to be honest, for now, Disney is still Pixar's best partner, and I don't think you have the ability to maintain the stability of Pixar's stock price." ”
Tang En's face changed slightly, "What do you mean?"
"Shall we meet in person, to Pixar?" Jobs said a little.
Donn frowned slightly, "Is it necessary? Now the matter is very simple, I pay, I just need Pixar to end the contract with Disney!"
"No, I have to be responsible for all the shareholders of Pixar!" Jobston paused, "I can't implicate another listed company because of Apple's problems, this kind of related operation will greatly reduce the confidence of investors." You know, my credibility on Wall Street...... It's not high, and I can't pull down the expectations any longer. ”
Don was silent for a while, "Okay, see you at Pixar headquarters tomorrow morning!"
……
"What?"
In Pixar's president's office, Don was surprised when he heard Jobs' words, and even John Rust, who was beside him, opened his mouth in shock and couldn't speak.
Jobs shrugged lightly: "This is my final decision, and I am confident that all shareholders of Pixar will accept my plan." ”
John Rust was a little dazed, "Steve, you should understand, Pixar...... Although Pixar's stock price is now very high, with a PE of more than 60 times, we are a company with both technology and animated films. ”
Tang En was also not calm, and asked in a lost voice, "Steve, such a decision...... Of course I agree, but as a friend, I can also tell you responsibly that Pixar's current stock price is undervalued. ”
John Rust added, "yes, we could have waited a few years before making such a decision!"
"No!"
Jobs's attitude is very resolute, and he has made up his mind that he will not change it again, and he has a bit of a venting mentality of selling all Apple shares after being kicked out of his house by Apple back then, "Selling Pixar to Done Pictures will be more in line with Pixar's future development! Pixar is my hard work for more than ten years, and I hope its future will be better!"
That's right, Jobs was going to sell all of Pixar to Donne!
In order not to affect the stock price and his own credibility on Wall Street, Jobs made a very bold decision!
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