628 Tianyu's new investment direction
After chatting about EMI Films, the conversation changed, but Barry Diller and Frank moved to media groups and film production.
"BOSS, have you heard of Imax. ”
"Imax, I've heard that they seem to have invented a new projection technology, right?"
Hearing Frank's words and mentioning the Imax company, Li Feng was suddenly shocked in his heart, and then responded with a smile, Imax projection technology, who in later generations does not know, the Imax cinema in later generations has gradually become the mainstream, and Li Feng has naturally admired the name for a long time.
"I've heard that IMAX was listed on the NASDAQ in '94 and entered the theater for the first time in '94, but due to the high cost, the development was slow for the time being. Today's IMAX theaters are still rare, and they are mainly used in local palace exhibitions such as science and technology museums and aviation museums.
However, we believe that technology is always moving forward, and Hollywood studios have begun to slowly embrace IMAX projection technology, and there are even rumors that some companies are starting to make specialized IMAX films.
Whether it's in terms of the future direction, the development of technology or MGM itself, this is a possible future development direction, and film and television production technology also needs to have such equipment, and now we want to invest in this company, BOSS, what do you think?"
Although there were 10,000 likes in his heart, Li Feng still pretended to hesitate: "Are you sure, can the future of this projection technology be clear?"
……
After listening to Li Feng's words, Barry Diller on the side spoke: "No one can be sure, after all, there is no better technology to directly convert Hollywood movies into imax films, but in case such conversion technology appears in the future, then compared with today's projection and viewing effects, Imax's advantages are very obvious."
If purely from MGM Pictures, it doesn't matter if the investment is not invested, after all, the screening of movies is a matter of cinema chains, but from the perspective of entertainment media groups, such an investment is a very good upfront investment for media groups, if the development of iamx projection technology becomes the mainstream, then the master of Imax will be able to grasp the trend of film and television production from the upstream.
In addition to the IAMX company that Frank said, there is actually another company that we would better invest in today, and that is Dolby Laboratories.
Dolby has invented various technologies such as Dolby noise reduction system and stereo surround system, which have had a huge impact on movie sound, home theater, etc., which are inseparable from the Dolby system.
The company is a private company, but as Dolby's founder, Dr. Dolby, gets older and the Dolby family doesn't have a great successor, wealth succession becomes a new issue.
In the unlikely event that Dr. Dolby dies, since Dolby Laboratories is not a public company, the company's valuation is very high, but the actual income is limited, according to the problem of inheritance tax in the United States, it is estimated that the payment of inheritance tax alone can bankrupt Dr. Dolby's family.
Now Dolby Laboratories is seeking to go public, and similarly, it is ready to sell some shares to set up the Dolby Family Fund or something, originally Dr. Dolby was firmly in control of the company, taking the path of not financing, but the ideal always bowed to reality.
Of course, this is also our opportunity, after all, today's Dolby noise reduction system, stereo surround system, etc. have involved all aspects, whether it is a theater or a home theater or even ordinary life, there are Dolby Labs technology.
This is the same as IMAX, purely from the perspective of MGM's development, dispensable, but in terms of the overall future trend of the media field, these technologies can be the cornerstone of film and television media technology now or in the future. ”
……
"Dolby, I only know about the Dolby Theater in Hollywood, what does this have to do with Dolby Laboratories?" Li Feng couldn't help but ask with a smile after listening to Barry Diller's tirade.
"BOSS, the Dolby Theater in Hollywood was established by Dolby Laboratories, and this theater is the benchmark for the application of Dolby Laboratories products, which involves various products of Dolby Laboratories. ”
"Oh, since that's the case, then you guys go talk about it, can you control it?"
Li Feng already understood what the two companies meant at this time, iamx didn't talk about it, Li Feng in his previous life had long admired his name, after all, most of the people who went to the cinema chose Imax Cinema to watch.
For Dolby, although I haven't heard much about it, through Barry Diller's words, it is obvious that although Dolby Laboratories is not conspicuous, it is a supergiant in noise reduction, sound effects, etc., although the market value of this company is not high, but it is an absolute authority in noise reduction, sound effects, etc.
Purely from the investment point of view, there will be no loss, IMAX will be famous in the future, since it can get such a big reputation, then it is perfect to invest while people have not yet made a career.
Although I don't know much about Dolby Labs, just because it is an absolute authority in some aspects, it is worth investing.
The reason why Dolby didn't go public before is because Dolby knows that he firmly controls technologies such as noise reduction and sound surround, and he doesn't worry about making money at all, so why should he go public when he doesn't have money to make or lack money.
Now that people have made the decision to go public for the sake of family inheritance, the prospects of Dolby after the listing are obviously good, just from the investment point of view, investing in the two will not lose money, not to mention that there is greater hidden value.
Because of this, Li Feng asked the two if he could control it.
……
"BOSS, it's hard to take control, imax itself has already been listed, unless we buy it at a market value premium, as for Dolby Laboratories, although Dr. Dolby wants to sell some of his shares to prepare for the company's listing, but he still thinks he will control the company and will not give up control. Barry Diller said with a smile.
"Well, since IMAX has been listed, I think it is possible to control it, but it is nothing more than a matter of high and low bids, but it may be more difficult for Dolby to want to control.
This Dr. Dolby has been firmly in control of the company before, although it has changed due to family inheritance, but if you think that the control of the company will definitely be in your hands, then make an investment that you see. ”
Combining the two aspects, Li Feng said with a smile: "Since this is the case, let's formulate an overall plan, the two companies try to take as many shares as possible, IMAX can be the most perfect, as for Dolby, how much can be counted." ”
"Understood, then it's up to us next. ”
"Haha... Barry, Frank, I believe you, you never let me down in class, did you!"
"Thank you, boss, for your trust. ”
“…”
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