Chapter 521: AMC Cable Television
The dinner was very pleasant, not only the food, through communication, everyone tacitly agreed, the circle is sometimes formed in this way, as for Andy's age and qualifications, for Warren Buffett and others, it is naturally enough.
When a few people walked out of the restaurant, next to the five cars parked on the side of the road, several people's bodyguards had already blocked some of the paparazzi who were following Andy and Ivana on the periphery, and when they saw a few people coming out, especially a few big shots, the paparazzi were like chicken blood, ignoring the push of the bodyguards, holding the camera is a burst of hard shots.
"I'm sorry guys, but these paparazzi are stalking me and Ivana... ”
Hearing Andy's slightly apologetic words, Warren Buffett couldn't help but wave his hand and laughed: "I've been on the entertainment report twice because of you, haha, it seems that tomorrow we will all make entertainment headlines together." ”
"Oh, that's a good idea, come on, we should cooperate with a POSE... ”
Everyone heard Sandy of Citibank teasing, and it was really compared to a cute gesture of baring teeth and V-shapes, which made everyone shake their heads helplessly and laugh, Ivana was hugged by Andy's slender waist, and she was even more amused.
"Okay, everyone, I'm really tired, I can't compare to your JING strength, I'll go first, Andy, the matter of shares, contact me as soon as possible, I'll find time to help you make an appointment with all the people you are interested in, and let's talk about it together." "Morris is older after all, and although he has more leisure time after playing golf, he can't stay vigorous all the time.
"Okay, excuse me, Mr. Morris, but, since Sandy has always wanted to help, if I refuse the offer, then I can't say it, Sandy, you know, I'm going to use high leverage, is your Citi okay?" Andy shook hands with Morris and thanked him again, turning his gaze to Sandyvale with a hint of teasing.
"No problem at all! You are now the best quality customer for us banks, we are not worried about your loan, we are only worried that the amount of your loan is too small, and your ability to make money and credit are obvious to all. Sandy didn't worry in the slightest, but happily agreed, losing no time in complimenting.
After several people shook hands and said goodbye, they each got into the car and left under the crazy flashing lights of the paparazzi.
"Playing tricks again... Ivana felt the breath of her boyfriend, her eyes were slightly misty, she raised her slender pink neck like a white swan, and her beautiful voice made an imperceptible murmur.
Kenny sees the scene in the back seat through the rearview mirror, reaches out and flips the switch, and the partition in the middle slowly rises. He smiled at Joseph in the co-pilot.
As soon as he got to work the next day, Alvitatre took a file bag to the boss's office on the fifty-eighth floor.
The work arranged by the boss last night, the data collector of the think tank could only sort out the clothes from the corner of a nightclub and run back to the office to work overtime to sort out the materials needed by the big boss.
Founded in 1984, AMC was originally a pay television station specializing in broadcasting classic old movies in the 50s. In 1987, AMC joined the basic cable TV camp.
Viewers only need to pay a certain fee to the cable TV system service provider, and they can receive and watch AMC's programs without paying a separate fee. The reduction in fees attracted a large number of viewers to subscribe to the channel, and by 1989 there were more than 39 million subscribers in the United States.
At present, AMC is the basic cable network of cable television stations, and although it is a cable channel, it has a lower fee and the program will be interspersed with advertisements.
Since AMC does not have its own film resources, most of the films it screens come from film companies, such as Paramount Pictures, 20th Century Fox Films, and Universal Pictures, which have many restrictions and huge expenditures.
Due to AMC's small strength, only one ad-free classic movie brand to support, coupled with the complex industry environment of the American television and film industry, AMC's development is facing huge challenges.
In 1998, AMC reformed and introduced advertising in television, although advertising at this time had not interrupted the normal broadcast of television or movies.
In 2001, advertisements began to be broadcast in the middle of films, and advertisers demanded that AMC show newer and more popular films in order to attract the attention of young people, and these films were relatively expensive to import, and TV stations had to introduce more advertisements to support their expenses.
At this time, AMC encountered a double crisis: first, the introduction of advertisements interrupted the normal broadcast of the movie, causing dissatisfaction among the audience, and second, it deviated from the channel positioning of "classic movies" and began to broadcast some non-classic films that catered to advertisers. ”
Andy casually flipped through the materials in his hand a few times, mainly listening to Alvitatre's brief introduction to him, and also expressed his admiration for Al's memory ability, after all, it didn't take much time for the data collection to be completed, and after Ald got it, it was able to outline it so concisely and clearly in the time it took to send it to the office, which was very rare.
"What's the situation with this basic cable channel?" Andy really doesn't know much about this, so if he doesn't understand, he has to ask.
"The main revenue of cable stations in the United States consists of three parts, namely subscription fees, advertising revenue, and DVD sales. Cable channels are usually packaged together for home subscribers, and this subscription fee is split between the cable operator and the cable channel.
As for how to divide it ... After deducting the part of the operation, what remains is not the equal distribution of cable channels, the amount of distribution depends on the ratings of the TV station, the higher the rating, the more popular, the higher its share. So the cable channels are desperately trying to find ways to boost their ratings. meantime
Advertising revenue is a large part of the revenue in addition to household subscription fees. ”
Andy nodded, and said to Alvitatl, who was drinking coffee from his coffee cup, "Do you think Morris is pricing us a reasonable $2.2 billion market capitalization?"
"Basically reasonable, in the past few years, the net profit of AMC TV station is between 70 million and 80 million, and since 06 years of self-made TV series, the income has increased, but AMC's internal experience of a high-level transformation and strategic adjustment, Charlie Collier took office in AMC, overturned all the previous business strategies, so that AMC has a brief chaos, but its huge base of subscribers and the content library of the TV station will not be much different at this price, and the market value of 2 billion US dollars is still no problem. ”
"Well, end the negotiations with Marvel as soon as possible, Citibank will be our backing to complete the control of AMC, this time it may not be possible to achieve full control, but it is acceptable to become the largest shareholder. Although Andy doesn't know what the market value of AMC will be, but with the blessing of the three popular dramas "Mad Men", "Breaking Bad" and "The Walking Dead", it will not lag behind the speechless HBO too much, HBO dared to shout that its market value was 20 billion when it was 14 years old, and AMC would not be less than 5 billion even if it fell again, this is a good business that will not lose money, and HBO can reach that height, largely relying on the drama "Game of Thrones".
Ahem, you know, Andy hasn't written "Game of Thrones" yet! (You can complain, I'm just so shameless, what's the matter!)
"Okay, boss, Marvel's acquisition has been basically completed, the last negotiation, the boss needs to be present, complete the signing handover, and need a press conference to celebrate the completion of the acquisition, this is an acquisition that the people are very concerned about, and it can also appease all the employees of Marvel Entertainment Group in the first time. Al suggested.
"Well, you know what to do when the acquisition is done, right?" Andy nodded, the corners of his mouth slightly upturned, and with a playful smile, he looked at Al with a deep gaze.
"We have drafted the contract and will hand it over to Kevin Page as soon as possible, if he readily accepts it, his interests can be protected, and if he refuses, we will stop all his treatment, insurance and compensation. ”
"Very good, let him make a decision within 24 hours, after all, he has formulated and contacted the company's strategic plan, let him sign a non-disclosure agreement, and find someone to take a good look at him!" Andy said with an indifferent expression, looking at Al without a trace of emotion.
"Understood!" Alvert replied with a serious nod.