Chapter 1229: Series A
Hollywood's internal fighting methods, in the past few years, Donn has played perfectly, with frequent strange tricks and tricks, and has become a fighter who can't be beaten.
Especially after last year's Big Five incident, Donn has become the most solid pillar in Hollywood.
However, it is not the same as Wall Street.
Hollywood's internal fighting methods can play intrigue and trickery, but it can't do this with Wall Street.
This is a cross-border, and the ultimate direction of the trickery will definitely tend to be political.
In this field, Hollywood has no advantage over Wall Street.
Fortunately, in the IPO listing, the initiative is actually in the hands of the listed company, and the external image of the big investment bank is the platform side and the intermediary underwriter.
This gives both sides a fair bargain.
Wall Street is the home field and has financial privileges, and listed companies are the main body and have the commanding heights of the law.
In the determination of the issue price, in fact, the two parties are equal parties.
No one wants to undermine cooperation, everyone wants to reach an agreement as soon as possible, so then it will be easy to do.
Get the proof!
The more evidence that investment banks come up with, they can lower the issue price.
If New Global comes up with more evidence, it can raise the issue price!
This is a contest of hard power, and it depends on whose level is higher.
Because New Globe is a listed entity, New Globe will definitely know more about its own situation than investment banking consultants, to put it mildly...... There are also some slight advantages.
The launch date for New Globe is August 8.
Prior to the listing, New Globe conducts a 10-day global roadshow to test investor reactions.
So, time is running out for New Universal and Wall Street.
Make an agreement as soon as possible!
Arrive at a range of the issue price before the global roadshow!
Then, based on the results of the roadshow, the final issue price is determined the day before the IPO.
On July 21st, New Universal took the lead!
Marvel Studios, which grossed more than $2 billion at the box office this year with "Thor", "Daredevil 2" and "The Avengers", has issued an important statement.
With the release of "The Avengers", the first phase of the Marvel universe has been completed, and the second phase has officially begun!
In the second stage, there will be more superheroes to appear, and there will be more exciting stories dedicated to fans.
And the second phase of the preliminary determination of several films and their schedules.
In 2007, in May, "Ghost Rider 2", in July, "Captain America", and in December, "Iron Man 2".
In 2008, in May, "Thor 2", in June, "Ant-Man 3", in September, "Erica".
In 2009, in March, "Captain America 2", in June, "Daredevil 3", and in December, "Iron Man 3".
In 2010, in May, "Ghost Rider 3", in July, "Avengers 2"!
In addition, there may be an R-rated "Deadpool", and it is said that "Spider-Man" will appear......
This is good news for the market.
Wall Street also gave face, and immediately raised the expected issue price, by $2 to $198.
……
In the summer of this year, the second movie with a global box office of more than $1 billion appeared, which is "The Avengers"!
"Daredevil 2" has not broken the box office of 1 billion so far, and "Pirate League 3" also took a whole month to reach the goal.
"The Avengers" is much simpler, two and a half weeks after its release...... To be exact, it took 12 days to complete the global box office target of $1 billion.
The title of "King of Commercial Films" is well deserved for Donne!
Of course, in the midst of the praise, there are always some unconventional film critics who think that Tang En is Jiang Lang's talent and is squandering his talent.
What's the point of making this kind of comic sequel?
Is this what a great director should do?
Done Walker is an Oscar-level director, and he doesn't want to make some stupid commercial films without thinking about artistic exploration and technical breakthroughs, which is really prestigious.
This argument did not affect Done.
He was a businessman by nature.
There's no shame in making money!
He doesn't just make comic movies.
He has planned that the next film will definitely be an exploration in the so-called field of art. There are currently three plans, one is Donn's "original" screenplay, "Green Book", one is a remake of the film that Universal Pictures intends to reboot, "Berlin Spy", and one is the project of gold producer Anthony Minghella, "The Reader".
Of the three projects, Donn is currently leaning more towards Green Book.
Politically correct!
This is especially important after the listing of New Global.
After women's rights, racial equality will be another big topic, and "Green Book" expounds on this idea, which will allow Donn to continue to be a leader in mainstream Hollywood thought.
Of course, we don't know yet.
Now the task is to go public!
What exactly will be done in the next movie will have to wait until next year to think about it.
Now Don is participating in the celebration party of "The Avengers".
12 days after its release, $1 billion at the global box office!
This kind of bright and even somewhat terrifying good news had to make Marvel Studios have a big party. As a film director, Don is bound to participate.
Except for Zack Snyder and the main creative team who did not show up because of the start of filming "Ghost Rider 2", all the contracted actors and creative staff of Marvel Studios were present.
The first stage is over, and it's the end of a great harvest!
Next, it's time for the second phase.
Cooperation, but also to continue.
The glory will continue!
In addition, there were also many important bigwigs at the reception, including Steve Burke, Tom Rothman and other bigwigs were present.
It's not because they congratulate "The Avengers" on its rapid global box office exceeding $1 billion, the real reason is to give Don a face and sell well.
Hulu is on fire!
Hulu, a streaming video website that was launched on June 1, has become a hot word on the Internet in the United States!
Although the current website pages are still relatively rough, the ad placement is still relatively foolish, and the business model needs to be improved, and it is still in the beta version.
But even so, the strong advantages of online streaming media have made more and more netizens see the advantages of Hulu compared with traditional cable TV.
In the 50 days since Hulu was launched, the number of paid users in the United States has exceeded 3.5 million!
The monthly subscription price of $7.99 will cost Hulu $28 million per month!
Exploded!
It is impossible for traditional Internet companies to generate such huge revenue so quickly, and they can only maintain their operations by burning money in the early stage.
How many years has Amazon been? And it's still burning money.
Hulu has only been a few months, and I can quickly realize my self-worth.
This growth momentum is even better than that of the Starz channel!
After all, in terms of content richness, Hulu is much better than Starz.
The streaming video business of "Internet + Hollywood" is really a head!
Big has a head!
At the beginning of Hulu's creation, Don used his strong appeal and reputation to raise $100 million on Wall Street with a 10% stake, directly raising the valuation of Hulu to $1 billion.
Now, Hollywood is emboldened.
Wall Street's pursuit is also hot!
As things stand, Hulu's valuation is ...... At least $2.5 billion!
News Corp. and Comcast both have dreams of an internet empire.
Therefore, as the entertainment groups of these two companies, Twentieth Century Fox and NBC Columbia Pictures, naturally they are also most interested in Hulu.
Tom Rothman and Steve Burke were both big shots, and when Donn heard that they were coming, he walked up to greet them as soon as he heard they were coming.
Kevin Feige of Marvel Studios is still a little worse.
When he met Tom Rothman and Steve Burke, it was a warm stream of congratulations, congratulations and other kind of polite words, and Don listened to it all night, and his ears were almost calloused.
His commercial films, a global box office of $1 billion is the basic requirement!
Don't forget, his first solo film was "Titanic".
Such a strong start requires him to have very amazing achievements in commercial films, otherwise it will hurt Zhongyong.
After the false politeness, Don finally figured out the purpose of their visit tonight.
For Hulu's first round of funding!
The last round of financing of 10% shares of 100 million US dollars was an angel round, followed by a series A financing.
Don't look at Hulu now has 3.5 million paying subscribers and nearly $28 million a month, but it is still far from making a profit and is in continuous cash burning.
Hulu's film and television library is very rich, except for Universal Pictures, Twentieth Century Fox, Columbia Pictures and Disney's film library resources are free, other companies' film and television content, including Warner, Paramount. DreamWorks, Lionsgate, Summit Entertainment, and many more.
The monthly expenditure on film and television rights is as high as 20 million US dollars.
With $33 million left in the angel round, it's time for a Series A round.
Steve Burke and Tom Rothman will be coming in person, and obviously, they want to be part of the Series A funding round as well!
Hulu's four largest shareholders are New Universal, NBC Columbia, Twentieth Century Fox, and Disney, each with a 20% stake. On the surface, everyone seems to be equal and has the same right to speak. In fact, everyone understands that the one who has the most voice is Donne.
Therefore, Done's opinion is very important to who to choose for the A round of financing!
"NBC Columbia and Twentieth Century Fox want to participate in Series A financing?" Donn raised his eyebrows, a little embarrassed, "This will upset the balance of the four major shareholders." ”
Tom Rothman sneered in his heart.
Balance?
Balance a fart!
Who doesn't know that you have the most influence on Hulu?
Steve Burkeshi thinks so, too.
The most straightforward way to weaken Donne's influence on Hulu is to dilute New Universal's stake in Hulu.
Of course, both Tom Rothman and Steve Burke are a bit of a hypocentric.
At the beginning, when the streaming business was questioned, they were all in a wait-and-see mode, not wanting to take a penny, afraid of losing money. It was Don who relied on his face and fame on Wall Street to bring in a wave of $100 million in angel investment.
Now, Hulu is seeing its success, and countless investment institutions want to participate in Hulu's financing and get a piece of the pie. It's profitable, so they want to kick Donn out, which is really a bit of a taste of unloading and killing donkeys.
No way, this is the commercial society.
In the face of huge interests, there is no emotion to speak of.
It's a pity that they really underestimate Donn's pattern.
To put it mildly, it is to spend the belly of a gentleman with the heart of a villain!
Hulu?
Hulu is a piece of!
Don didn't take Hulu seriously at all.
The reason why he launched Hulu was all about finding a shield and stepping stone for Netflix!
Even if Tom Rothman and Steve Burke don't play this little trick, Donn will gradually reduce his stake in Hulu and devote himself to developing Netflix.
Immediately, a flash of inspiration flashed in Don's mind.
Hulu's Series A financing is not an opportunity for New Globe and Wall Street!
Wall Street will spare no effort to lower the price-earnings ratio of New Globe, the biggest reason is that the hardware industry potential of Dolby DVD players is weak, and ignores the prospects of Facebook and Netflix's Internet industry.
The success of Hulu represents the future of Netflix!
This would be a huge theoretical support for New Global to raise the issue price.
"If Hulu wants to continue to develop better, it must make the next round of financing as soon as possible. The three of them discussed for a while, and Tang En gave such a definite answer, "If there is an opportunity to make money, it must give priority to our own people." ”
Tom Rothman and Steve Burke were overjoyed!
Here's your chance!
Michael Eisner has been injured by the internet, and Disney will definitely not participate in Hulu's Series A round.
New Globe is in the process of IPO, and the funds are in a semi-frozen state, and it is not possible to invest in some other industries at this stage.
Prioritize your own people...... That must be NBC Columbia and Twentieth Century Fox!
Tom Rothman and Steve Burke looked at each other and nodded secretly.
This matter must be done as soon as possible!
In case the IPO of New Global is successful and the book funds are free again, maybe they will have to intervene. Then they want to dilute the purpose of New Global's shares, and they will not be able to achieve it.
Steve Burke muttered, "Yes, it has to be financed, and the sooner the better!" Although there are more than $30 million on the books, Hulu is expanding its enrollment and intends to lease a larger office building, which will require a huge amount of money. ”
Tom Rothman also said earnestly: "Yes, the world of the Internet is changing rapidly, and Hulu must have enough cash reserves. Otherwise, in case of an accident, our hard work in Hulu will be over. ”
"Since you have no opinion, then do it. Tang En nodded thoughtfully, and then sighed, "But you know the situation on the New Globe side, I'm afraid you won't be able to participate." ”
New Universal couldn't participate, and Tom Rothman and Steve Burke were already happy.
However, there is always a time to pass on face, Tom Rothman said: "It doesn't matter, listing is the biggest thing, you still have to focus on the IPO, if you need help, just say it, I also have some connections on Wall Street." We'll take care of Hulu's financing. ”
Steve Burke echoed: "With us, Hulu's Series A will definitely be beautiful, with a valuation of no less than $2.5 billion and no less than $150 million in financing." Just go about your business!"
Don watched the wonderful performance of these two old friends, and secretly laughed in his heart.
Thank you!
Thank you for the assist!