On October 23, 2007, Netflix announced that Chairman and CEO Hastings announced his resignation. At the same time www.biquge.info the shareholders' meeting voted to approve the takeover offer of Century Summit, with more than 96% of the shareholders who participated in the vote voting in favor.

The acquisition will issue a general offer for all outstanding shares of Netflix except Century Summit, at a price of 50 yuan per share, and the tender offer period will be from October 24 to November 24.

On October 27, the second Asian Academy Film Awards were held in Tokyo, Japan. This year's Chinese films are relatively strong, with the Golden Lion Award film "The Good Man of the Three Gorges", the Golden Bear Award film "Tuya's Marriage", among the 14 awards awarded that night, Chinese films became the big winners, winning 8 awards, of which "The Good Man of the Three Gorges" won the two most important awards of best film and best director, becoming the big winner.

On November 18, Century Summit and Netflix issued a joint statement that the acquisition of Netflix by Century Summit has been approved by the Committee on Foreign Investment in the United States, which means that the purchase has cleared policy obstacles.

Some analysts believe that there are three reasons why the US Government approved Summit's acquisition of Netflix: First, the United States now has an intensifying subprime mortgage crisis and needs foreign investment to promote economic growth and employment in the United States; second, the entertainment sector is not a sensitive field, and if it does not even approve this deal, it will greatly weaken foreign investors' interest in the US market; and finally, Century Summit has promised not to lay off employees, which has won the support of labor organizations and local governments.

On the evening of November 24, Century Summit announced the results of the general tender offer, as of the expiration of the tender offer period on November 24, Century Summit has completed the acquisition of all shares of Netflix, after the end of the acquisition, Netflix's common shares will no longer be publicly traded, and Netflix will operate as a wholly-owned subsidiary of Century Peak, but still retain the brand. Century Summit paid $4.1 billion for the entire acquisition, in addition to $2.2 billion in debt, for a total of $6.3 billion.

According to the agreement, after the merger, Century Summit will promise to keep Netflix's operations, management, and brand unchanged, and promise not to lay off employees or close stores.

Next, Century Summit will also be subject to a variety of antitrust antitrust investigations including the Federal Trade Commission of the United States, and because Blockbuster has a large number of stores in the United Kingdom, Canada and other countries in addition to the United States, it also needs to pass the review of relevant agencies in these countries, in addition, the transaction also needs to be approved by the relevant ministries and commissions of the Chinese government, and only when all the approvals are passed, the rectification transaction can be completely completed.

But even if CFIUS's most troublesome of the cases were approved, the deal should not run into any more obstacles.

The U.S. media has been following the acquisition, and as soon as the announcement of the summit of the century was announced, the media quickly reported it.

The Los Angeles Times commented: "The acquisition of Netflix is tantamount to opening up access to the world's largest cinema market at Century Peak, and it also adds more impact to negotiations with many of Hollywood's major studios eager to expand into the Chinese market." ”

According to Bloomberg Businessweek, "There are many benefits to the acquisition of Netflix by Century Summit, which will become the world's largest film rental, and at the same time dominate the two major film markets in China and the United States, and will have a greater say in negotiations with Hollywood studios in the future." ”

The New York Times believes: "The acquisition of Netflix will allow Century Summit to gain a complete foothold in the United States, and after entering the American market, Century Summit will have more room for development." ”

The domestic media is like a chicken blood, almost all the media are on the front page of the headline, 6.3 billion US dollars, 50 billion yuan, this is the largest overseas acquisition of a Chinese company, how can people not be excited.

"The acquisition of Netflix by the peak of the century for 50 billion yuan, the largest overseas merger and acquisition of China's cultural industry!"

"Warlywood grabs Hollywood: The acquisition of Netflix by the peak of the century becomes the first overseas merger and acquisition!"

"The peak of the century acquired Netflix for 50 billion, and Chinese films are going out!"

"Century Peak buys the world's largest film rental company, and Chinese companies' overseas mergers and acquisitions are thrilling!"

Even the People's Daily published an article commenting on the matter: "The acquisition of Netflix by Century Summit coincides with China's promotion of the cultural industry to go global, which is a positive signal and a manifestation of China's comprehensive national strength, indicating that China's cultural industry will develop further with the development of hard power." ”

Industry insiders are also talking about how Century Summit will help Chinese films go out after the acquisition of Netflix In fact, there has been a lot of debate since Century Summit acquired Netflix.

Han Shanping, chairman of China Film Group, is an optimist, he believes that the acquisition of Netflix by Century Summit is a joyful thing for the industry, after the acquisition, it is not only conducive to the output of films, but also conducive to the export of Chinese film brands and peripheral products. Han Shanping said excitedly that we have been hoping that Chinese films will go out all these years, and now the door of the United States has finally opened, and Chinese filmmakers finally have a path to the United States.

Zhou Liming, who is very familiar with Hollywood, is relatively calm, he said, even if Century Peak acquires Netflix, American companies cannot exceed their market capacity to promote Chinese films. For filmmakers, it's more of a mental, psychological help.

There are also quite a few people who are worried about the follow-up development of the summit of the century, because Netflix has a debt of 2.2 billion, plus the loan of the summit of the century to acquire Netflix, that is, debt on debt. These large debts will certainly affect the financing of working capital, capital expenditures, acquisitions and other purposes, and a significant portion of the operating income cash flow will be used to pay the principal and interest of the debt, thereby reducing the investment of working capital. For the peak of the century, which is currently expanding rapidly, it is a huge burden.

Chinese movie fans are cheering, everyone feels enthusiastic, I used to hear that foreign companies have bought Chinese companies in China, and many national enterprises have turned into foreign companies, but now I suddenly hear that Chinese companies have bought American companies, and they all feel very happy.

"Although I don't know what company Netflix is, if I can let Zhang Ran spend $6.3 billion to acquire it, it must be a very powerful company, Zhang Ran is really good!"

"Yes, 50 billion yuan, I'm afraid I have to load a few wagons!"

"Why didn't Zhang Ran buy a film company? For example, Sony's acquisition of MGM is only more than 4 billion, if you buy MGM from Sony, wouldn't it be better than buying this movie rental company? I really don't understand, but if I could understand it, then I wouldn't be sitting here!"

"It should be convenient to promote Chinese movies overseas, I have heard that Netflix has more than 10 million paying users, if there are 1 percent, it is also 100,000 viewers! Zhang Yimou, Chen Kaige, their current movies really can't be watched, Chinese movies just depend on Zhang Ran and their gang!"

At half past seven in the morning, Yang Mi and Yuan Shanshan, who had breakfast, went to the newsstand to buy newspapers. As soon as I walked to the newsstand, I saw Zhang Ran's large portrait and the number of 50 billion, and couldn't help shouting: "Damn, Xiao Ranran is too rich!" Yuan Shanshan next to him stretched out his head and was stunned.

Yang Mi stared at the figure of 50 billion, swallowed his saliva and said: "If I have 50 billion, I will definitely not do anything, just deposit the money in the bank and eat interest!"

In a villa in Xiangjiang, Zou Wenhuai couldn't stop laughing with the newspaper in his hand, he turned his head and asked the maid to take out a photo of him and Bruce Lee, and soon the old man's slightly sentimental voice sounded in the room: "Xiaolong, my health is getting worse and worse, and it may not be long before I reunite with you, but I really want to live a few more years and watch the flag of Chinese movies planted on American soil!"

On the outskirts of Beiping, in the practice room of Liu's villa, Liu Yifei's eyes were cold, and he couldn't stop dancing with a short sword in his hand. She has been dancing since childhood, her figure is very good, her figure is as light as a young swallow, her wrists rotate gently, her short sword dances as fast as lightning, and the sword light is shining, which is simply a perfect reproduction of the little dragon girl in the world.

There is a newspaper just published today on the ground, and the front page is Zhang Ran's large portrait, Liu Yifei's feet keep stepping on the newspaper, if it is not a newspaper, but Zhang Ran's face, it is estimated that it would have been flattened.

Just then, the phone rang suddenly.

Liu Yifei has always had very few phone calls, and even fewer know her phone calls, only a few particularly good friends. She stopped, picked up her phone and saw that it was William Morris's agent, and she immediately connected.

The agent's voice was very excited: "Yifei, I just received an invitation to audition, it's a Lionsgate movie, an action movie, *** Lichuan, they want you to go to the United States to audition!"

On the grassland of Shangri-La, Zhang Jingchu and Yu Feihong are sitting behind the monitor, staring nervously at the picture.

But within five seconds, Zhang Jingchu stood up from behind the monitor, held a megaphone, and shouted loudly: "Stop, stop, Duan Yihong, are you not in the right state?

Yu Feihong next to him looked at the time and said to Zhang Jingchu: "It's already half past eleven, let's eat first, and then shoot in the afternoon!"

After Yu Feihong called for dinner, the crew all moved, lining up to get a boxed lunch and prepare to eat. But Zhang Jingchu didn't rest, called Duan Yihong over, and explained to him the problem of the scene just now.

Yu Feihong looked at Zhang Jingchu, who was seriously talking, and shook her head with a smile, she treated the staff below with kindness. At most, say a few words about the unsatisfactory scene, and let her reprimand the people below be a little embarrassed.

Zhang Jingchu is different, she can really pull down her face to scold, and she is not afraid of offending people. However, Zhang Jing's crew took the lead in everything early in the morning, and the filming location was on a remote plateau, she was the first to arrive at every scene, and she was also at the forefront of mountain climbing. Therefore, even if everyone is a little emotional, they are still very convinced by her.

After Zhang Jingchu finished speaking, Yu Feihong walked up to her, handed her the boxed lunch, and the two ate together.

Yu Feihong smiled and said in a low voice: "Jingchu, it's really right to be able to pull you over, it's really easy for me to have you." ”

Zhang Jingchu smiled and said, "I also feel very lucky to work with Sister Feihong. ”

Yu Feihong looked at Zhang Jingchu and said with emotion: "Your family Zhang Ran is so rich, if it is someone else, he will definitely be a young grandmother at home, if there is something to film, he will travel everywhere if he has nothing to do, and only you are willing to come out and suffer this kind of hardship." ”

Zhang Jingchu smiled softly and said: "He is too good, I don't want others to say that Zhang Ran's girlfriend is a useless vase, so I have to work hard to make myself better!"

Yu Feihong somewhat understood: "Yes, your Zhang Ran is really amazing, he acquired Netflix in the United States for $6.3 billion, and now he has a certain say in Hollywood, I don't know how many people will ask you to take the lady route when the time comes!"

Zhang Jingchu smiled, looked up at the sky, and thought that Zhang Ran wanted not only the right to speak, what he wanted was to break the monopoly of Hollywood and let Chinese films go to the world. He's my man, he's a hero who stands up to the sky!