Chapter 598: Acquisition of Columbia Pictures
After Sony learned about Lin Qi's competition, it gritted its teeth and raised $4.5 billion in funds, and made friends with Columbia. Talking about the two companies, there have been 20 years of cooperation.
For this reason, Michael Schulhoff, the head of Sony at Sony Music North America, is constantly running for relationships and friendships. Because, Sony Music and Columbia Records are basically two companies with high business synergy. The long-term copyright resources of the two companies and their singer resources can be borrowed from each other.
In a sense, the merger of Sony Music and Columbia Records should not have any clash of corporate culture and management.
Moreover, the heads of the music departments of both sides have a good relationship, and many of them are old friends who have known each other for more than ten or twenty years.
But...... The Columbia company is naturally cold-eyed. Phew, business is about money, not friendship.
The highest bidder gets the higher price to get the Columbia Group's board of directors to agree.
When Sony couldn't give more money, Columbia even suspended negotiations with Sony, but directly began to bypass Sony and negotiate with Lin Qi.
"$5.5 billion! If Columbia Pictures sells, I'll pay a price!" Lin Qi said calmly at the negotiation table, sipping black tea calmly, "If I miss this negotiation, maybe I may not have a lot of cash in the future, and I may not want to invest in Hollywood film and television companies! You know, the film and television industry is not an industry with a particularly high rate of return among many industries around the world. Right now...... The returns of the film and television industry are not even comparable to the yields of bank loans or bond markets in the United States, and the Hollywood film industry has always existed, and the costs have skyrocketed, but the market growth is very slow. The growth rate of the market is far from keeping up with the cost, especially the salary growth rate of those superstars who have made a few films and become popular!"
"Mr. Lin, if you buy it for cash, that's fine!" The shareholders of the Columbia Group had a discussion, and finally, the chairman of the Columbia Group, Pale, spoke, "However, I have said in advance, the $5.5 billion only sells the film and television business, not the music business!"
In fact, Pale believes that it is enough to sell the business of the film and television sector and reduce the debt ratio of the Columbia Group, and the music sector can actually be profitable and can remain in the group for the time being. Moreover, the music business has a lot of complementarity with the current TV media business in Colombia, and some music is indispensable in TV commercials. In addition, the production cost of music is far lower than that of film and television, so this business will not be a burden on the group, and there is no need to package and sell it with the film and television sector.
"Okay, no problem!" Lin Qi nodded, "Actually, I'm only interested in the film and television business!"
I wish Columbia Pictures a prosperous future under the management of Mr. Lin Qi. ”
"Well, I also wish the Colombian Group a prosperous future in the media field. ”
……
Lin Qi, the richest man in Hong Kong, wholly acquired Columbia Pictures in his personal name!
This news is about to make headlines!
After all, Columbia Pictures is Hollywood's top film and television production company, and Hollywood, the machine that makes stars, has always had more exposure than companies in other industries.
The day after the purchase was completed, the headlines in the major newspapers in the United States were flying all over the sky.
"With a sky-high price of $5.5 billion, Colombia has taken a big advantage, and if it is valued at the stock market, it is worth up to 2.5 billion! ”
"The Japanese are too dangerous, and we must resolutely resist their acquisition of big American companies in the future!"
"The new venture is in Columbia Pictures, and I don't know what kind of surprises it will bring. ”
And soon, they got the announcement of Columbia, announcing that after the announcement, they would start the production of blockbusters such as "Terminator 2" and "Gladiator", which was originally limited to Columbia Pictures The owner has not been determined, so the operation is a bit chaotic, but now the mind is settled, and the owner behind it also promised to give financial support to Columbia Pictures in the future, so these shelved blockbusters have also begun to prepare for investment.
At the same time, Columbia Pictures will also introduce a large number of special effects technology from New Venture Electronics Group and New Venture Pictures.
This wave of craze has not fallen, on the 24th, the animation "Kung Fu Panda" produced by Felix was released, and it was distributed simultaneously worldwide.
This movie can be said to be Felix's real effort, every detail has been taken care of, from the image and character design, to the costume wearing, dubbing, martial arts action, etc., keep improving, every detail, is to strive for perfection.
Following the martial arts popularity of "Once Upon a Time" in the United States, the American people seem to have discovered a new continent, and they are very curious about this mysterious oriental element, and many people are even obsessed.
Unlike the traditional American individual hero violence, and without the magic of the West, the Chinese martial arts are elegantly and freely moving, and the real people are replaced with pandas and other animals, which further adds novelty.
"Kung Fu Panda" was a huge success with a box office of $100 million in just one week after its release.
Cinemas are almost full, and some theaters have opted for five screenings a day, but even in this case, it did not dampen the enthusiasm of the audience.
"It's so fascinating, I never thought that a one-step cartoon could reach such a level!"
"Of course, Felix's production must be a high-quality product. Among the animation companies in Asia, Felix's work capacity is not high, but the quality is absolutely the first!"
"It is said that in the 40s ~ 60s, the level of animation in China was no less than that of Disney. Unfortunately, in recent years, China's official-led animation has lagged behind the level of animation production in the United States and Japan due to lack of funding and technology. However, Felix is due to Lin Qi, a wealthy man, regardless of the cost of investment, and the original level of animation production personnel in China is not low. Eventually, the animated saga of Felix was created. ”
"Every character is excellent, I am very interested, tomorrow I will take my husband to watch it again, he said that the animation is only for children, this time I promise to open his eyes. ”
"Then I'll come tomorrow, but I don't know if I can buy a ticket, so let's go back and book now." ”
"Let's go, I don't know if it's too late!"