The Wall Street Journal article mainly talks about two meanings, the investment of the Century Summit seems to be scattered and independent, but in fact, this series of investments is to achieve the layout of the whole industry chain, so as to form a large network, including all the industries of the Century Peak, mutual support, mutual benefit and win-win, so that the Century Summit is in a virtuous profit cycle.

Up to now, Century Summit has created a whole industry chain from film and television investment, production, distribution, screening and derivatives, and has become a large-scale film and television entertainment group that is not inferior to the six major Hollywood groups.

Monopolizing the global distribution channels of films is the fundamental reason why the six major Hollywood film companies have become giants, and now the peak of the century has also established a complete distribution network around the world, although it is still weaker than the six major in Europe, but the distribution capacity in Asia is above the six large, in terms of distribution alone, the peak of the century can be said to have broken the monopoly of the six major.

The biggest difference between Century Summit and Hollywood Big Six is that Century Summit is not a member of the Motion Picture Association of America (MPAA). In Hollywood, a very important reason why the six film companies led by Disney are called the Big Six is that the six of them are members of the MPAA, while the other film companies are not.

Before Zhang Ran's rebirth, Lionsgate's revenue had surpassed Paramount and Columbia, ranking fifth, but no one would think that Lionsgate would replace Paramount as one of the Big Six, and the most critical point is that Lionsgate is not a member of the MPAA and has no right to speak in the industry.

In fact, at the beginning of the last century, Hollywood was not the six major film companies, but the eight major film companies, which were: MGM, Paramount, Fox, Warner, United America, Universal, Columbia and Raiden Hua. The eight studios are called the Big Eight because they created the MPAA to rate all films released in the United States and lobby for the interests of American films.

Raiden went bankrupt in the 50s due to antitrust laws and the rise of television, so Disney filled the void in the MPAA, so Hollywood is still the Big Eight. However, in the 70s, Luen Mei merged with MGM, and Luen Mei withdrew from the MPAA, so the eight became seven. In 2005, Sony Columbia acquired MGM, and under pressure from the other five, MGM also withdrew from the MPAA, so the seven became the six.

Since the entire MPAA is always in the hands of the Big Six, and the MPAA will naturally secretly help when the Big Six films are rated, it is easier for the Big Six films to obtain favorable ratings than independently produced films. In the case of Time Warrior, Lionsgate is R-rated, but if the Big Six are to be released, it is much more likely to get a PG13 rating.

For example, in August, the World Trade Organization determined that China's restrictions on American films violated international trade norms, and the reason why the U.S. government sued China was the MPAA's driving force.

At the same time, the MPAA relied on the assistance of the U.S. Department of Foreign Trade, the State Department, and the U.S. Embassy to lobby the government everywhere for the opening of local markets, the removal of quotas, and the easing of censorship, paving the way for the globalization of Hollywood films. For example, during the signing of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) in 1994, the MPAA actively established alliances with Eurasian countries and carried out all-round lobbying work, and finally achieved most of its goals.

If you can't become a member of the MPAA, it is equivalent to being excluded from the inner circle of Hollywood, and you can't talk about breaking the monopoly of the Big Six at all. Even if the scenery is unlimited in a short period of time, it has never had the right to speak in the industry, just like the once glorious dream factory, which can only be reduced to a giant in the end.

Becoming an MPAA member is the ultimate dream for any American studio, for any adventurer who wants to make a name for themselves in Hollywood. However, it is difficult to become a member of the MPAA, and in the nearly 100 years of history, except for Disney, the list of MPAA members has been decreasing but not increasing.

The Wall Street Journal believes that the peak of the century has the potential to create miracles, because the peak of the century is an Internet-based film company, and the future belongs to the Internet, and the peak of the century may grow into a new giant; at the same time, the peak of the century is backed by the Chinese market, and the six Hollywood majors need an ally to help them open up the Chinese market.

In recent years, Wall Street investors have been cheated by Hollywood several times and have lost a lot of money, and it is not unusual for the Wall Street Journal to advocate that the peak of the century can break the monopoly of the Big Six, while other media outlets naturally have different comments because of the different angles they stand.

"China's largest overseas M&A, the 10 billion dollar acquisition of Prada at the peak of the century! Chinese enterprises going out are to seize opportunities, not to wait for the favor of fate, and to grow in the tide again and again!" -- People's Daily

"The 10 billion acquisition of Prada at the peak of the century, Chinese companies have been trying overseas mergers and acquisitions in the past two years, reminiscent of the overseas buying spree of Japanese companies in the 80s of the last century, including the acquisition of the Rockefeller Building in New York!" - The New York Times

Century Summit Group officially announced the acquisition of the famous Italian fashion brand Prada for US$10 billion, becoming the largest overseas cultural M&A by a Chinese company so far. Zhang Ran revealed that Century Summit will focus more on the field of derivatives and further extend the overseas asset chain, and the acquisition of Prada is just the beginning. —Los Angeles Times

"Century Summit spent $10 billion to acquire the well-known Italian brand Prada, extending its tentacles into the luxury sector. In recent years, as China has set off a boom in overseas investment, more and more European companies have become target ......" - Le Monde

In China, the entire press and entertainment circles are extremely excited, vying to discuss, some people think that this sale is worth it, some people think that Zhang Ran is stupid and has a lot of money, and some people even give the pinnacle of the century a local and heroic name "buy, buy, buy, buy company".

Meanwhile, in a hotel in Lewood, Kansas, Wang Jianlin, president of Wanda Group, sat in front of his computer and was reading the article "Zhang Ran Builds a Big Mac Film and Television Empire". He was not good at English and could not read English newspapers, so he could only read the Chinese website of the Wall Street Journal. The reason why Wang Jianlin appeared in Liwood City was for the AMC Cinema Line, where the headquarters of the AMC Cinema Line is located.

Wanda has been seeking transformation since 2006, and the domestic film market has expanded rapidly in the past two years, and Wanda feels that this is a good direction, so Wanda Group has established Wanda Film and Television Media Co., Ltd. at the beginning of this year to officially enter the film and television industry.

The miraculous rise of the pinnacle of the century made Wang Jianlin realize that if he only played in China, he could only make a small fuss, and if he wanted to become bigger and stronger, he had to look overseas, so Wang Jianlin began to seek the possibility of overseas cooperation.

Two months ago, a banker received business intelligence that several cinema companies in the United States and Europe were waiting to be sold, and he told Wang Jianlin the news. After receiving the news from his friend, Wang Jianlin immediately sent an investigation team to the United States and Europe to conduct investigations. Soon, the report of the investigation team was delivered to Wang Jianlin's desk. In this report, AMC is particularly conspicuous: its scale is the largest among the acquisition targets, it is not a listed company, which is conducive to mergers and acquisitions, and AMC Cinemas is located in the core area of large and medium-sized cities, similar to the positioning of Wanda Cinemas. Wang Jianlin circled AMC on the report, won AMC, and used AMC as a springboard to seek opportunities to cooperate with Hollywood giants.

Wang Jianlin came here this time to get in touch with AMC and prepare for the acquisition of AMC.

After reading the analysis of the Wall Street Journal, Wang Jianlin took a deep breath, no one in China does not know the power of the peak of the century, but the peak of the century is even more powerful than everyone imagined, and it has become a supergiant that can stand shoulder to shoulder with the six major Hollywood!

Other domestic entertainment companies, whether they are state-owned enterprises such as China Film and Shanghai Film, or private enterprises such as China Cheap and Orange Sky, are not at all rivals at the same level compared with the peak of the century.

In Wang Jianlin's view, only Wan Da can compete with the peak of the century in China in the future!

In an office at Microsoft's headquarters in Redmond, Seattle, Hastings put down the Wall Street Journal in his hand and sighed softly, in just two years, the peak of the century has become a giant that people are looking for, and the reason why the peak of the century can achieve such amazing development is that Netflix plays a key role.

Now the valuation of the peak of the century is 50 billion, of which Netflix is close to 30 billion, accounting for more than half of the company's assets.

Hastings stretched out his hand and knocked on the newspaper, and sighed again, it was a pity that he lost the acquisition battle with Zhang Ran at the beginning, if he had been cautious, the outcome might have been different, then now he is the one who relies on Netflix's rapid expansion!

As a member of the board of directors of Microsoft, Hastings originally planned to rely on Microsoft to start over, rely on the power of Microsoft to exert force in streaming media, and use the power of Microsoft to crush Zhang Ran into powder, but after entering Microsoft, he found that things were not as optimistic as he imagined, probably because he was known as Ballmer's successor, so Ballmer had a grudge against him, although he agreed to engage in streaming media, but he was suppressed everywhere, artificially creating various obstacles, and it has been almost two years now, and he has hardly achieved any outstanding results in streaming media。

If it were someone else, he might have left long ago, but Hastings has always endured silently, he knows that once he leaves Microsoft, he will forever lose the possibility of defeating Zhang Ran, he has been waiting, waiting for an opportunity to bring down Ballmer and take charge of Microsoft.

Now seeing the news of Zhang Ran's acquisition of Prada, Hastings is a little disheartened, Zhang Ran's industrial chain construction has been completed, that is, he has mastered Microsoft, and it is almost impossible to defeat Zhang Ran, just like Microsoft can't beat Disney, because everyone belongs to two different systems.

Hastings sighed and took out his mobile phone, about to swipe Facebook, just as he was about to click on the mobile phone screen, he suddenly stopped, and his face showed ecstasy: "No, his industrial chain has not been completed, and there is still an important link missing! If this link is filled, Zhang Ran's system will be truly completed! If this link is filled, there will really be no way to defeat him! Zhang Ran will still buy, he will definitely buy, he will definitely fill in this link, without this link there will be no future! I will not let him succeed, I must stop him!"

In Huayi's office in Beiping, Wang Zhonglei threw the newspaper in his hand on the table and scolded: "Zhang Ran, this kid was kicked in the head by a donkey, and he actually spent 10 billion to buy Prada, and it was dollars." Why don't you have this money? I even bought a clothing brand!"

Wang Zhongjun knew that his younger brother had always been clever and not wise, so he said coldly: "Can a person whose brain is kicked by a donkey get 10 billion, and can a person whose brain is kicked by a donkey become the richest man in China? Don't insult your opponent, that is insulting yourself!"

Wang Zhonglei didn't refute, but said hatefully: "Damn, he can't be happy for a few days!"

Wang Zhongjun nodded slightly: "Originally, he could only make him stink, but now he gave us a chance to completely defeat him!"