Text Chapter 984 Attack on Universal Music
After taking the last 20% of MCA's shares from Panasonic Group, MGM Group officially completed its wholly-owned control of MCA, which means that Universal Pictures, one of Hollywood's eight major studios, will also be officially merged into MGM Group.
The most important thing is that the strong combination of Universal Pictures and MGM Pictures really makes the whole Hollywood tremble, after all, the strength of these two "big guys" is too strong. You must know that before the acquisition of Universal Pictures, MGM Pictures was already bullying Hollywood, and now with the addition of Universal Pictures, a powerful "accomplice", it is basically a monopoly in Hollywood.
However, what everyone didn't expect was that after completing the full ownership of MCA, MGM Group did not take action against Universal Pictures in the first place. On the contrary, MGM Group has set its sights on the music record industry, which no one expected, which is really confusing to everyone.
Damn, what kind of operation is this?
You know, at this time, Universal Music was not the world's largest music record company in later generations - it was still very weak, and it couldn't compare with the status of Universal Pictures at all. What's more, in the overall structure of the MGM Group, shouldn't Hollywood be the top priority?
I really can't figure it out!
Speaking of which, Universal Pictures and Universal Music are not the same thing, and the music department is nothing more than an appendage of MGM Pictures, like MGM. On the other hand, Universal Music's position within the MCA is quite important, with the same status as Universal Pictures, of course, it is certainly not as important as Universal Pictures.
However, in any case, the current record industry is super sluggish, and it really shouldn't be the focus of MGM Group.
Moreover, MGM Group's "first knife" under Universal Music is so powerful!
MGM Group announced that it has officially separated Universal Music from MCA and upgraded it to a wholly-owned subsidiary of the Group, with the same status as MGM Pictures and Universal Pictures.
Not only that, but it seems that in order to show its importance to Universal Music, MGM Group continued to move the "second knife" of Universal Music - to separate MGM Music from MGM Pictures and officially merge it into Universal Music.
At this point, it can be regarded as a complete confirmation of MGM Group's "preference" for Universal Music, and it seems that it will greatly enhance the strength of Universal Music.
Although, MGM Music is very weak in the music record industry, but, after all, this guy has MGM Pictures behind him, and the film music alone is enough to eat. Therefore, it is indeed a bit "excessive" to directly assign MGM Music to Universal Music now!
Besides, no matter what, MGM Music should be regarded as the "old courtier" of the MGM Group, right? Even if there is no credit over the years, it can be regarded as hard work, right? After all, it can be regarded as helping the MGM Group to stand in the field of music records.
Now, the new Universal Music has become the "spokesperson" of the MGM Group in the music recording industry, while MGM Music has become the "little brother" - this is really a bit of a fuck.
However, since MGM Group has decided, let's implement it, even if there are N more dissatisfaction and dissatisfaction in my heart, then I have to endure it, otherwise, get out!
To speak in good conscience, it's really not that Peter Chernin and Shirley Lansing don't take care of the "old courtiers", it's really that MGM Music's achievements over the years are indeed a little unmatched. In the field of global music records, MGM Music has been dumped by Universal Music for N streets, and it doesn't even have the qualifications to lift shoes for others.
From the perspective of the core interests of MGM Group, it seems that the choice between MGM Music and Universal Music is a matter of self-determination - just ask you, what qualifications do you have to compete with Universal Music?
What's more, Su Chenyu also agreed to the inclusion of MGM Music in Universal Music, and he agreed very much, after all, Universal Music is a big brand that is quite appealing.
Even, in Su Chenyu's planning, the "first knife" and "second knife" of Universal Music are just appetizers, and the "third knife" behind is the most important thing.
Shortly after MGM Music was transferred to Universal Music, MGM Group officially increased its strength in the field of music records and decided to restart the previous acquisition of Polygram by Universal Music.
Yes, after MGM Group got Universal Music this time, it seems that it is going to enter the field of music records on a large scale, after all, as an important part of the entertainment media industry, music records are definitely very profitable.
Of course, the future of vinyl records may be gone, but doesn't this mean that the entire music industry is over?
What's more, there is the most important point, that is, copyright!
Over the years, MGM Group has always focused on the film and television industry, so it has continuously increased its investment in film and television and surrounding industries - comic book companies, publishing companies, film companies, television networks, etc. However, he has not invested much in the music industry, and has always allowed MGM music to fend for itself, well, this guy is indeed left to fend for himself.
As a result, MGM Group's strength in the music industry is indeed a little weak, and it is not comparable to the strength of Time Warner and Sony Columbia in the music industry.
Oh, by the way, MGM Group is not so weak in the music industry, because they are a dominant company in Chinese music - the combination of Suyu Records, Huaxing Records, and UFO Records has made the former Chinese music overlords Polygram Records and Warner Music unable to raise their heads.
However, this seems to be the result of the hard work of the Suzhou Entertainment Group, and it has nothing to do with the MGM Group, and the most important thing is that the weight of Chinese music in the global music industry is too low. It is no exaggeration to say that the center and center of gravity of global music is still in Europe and the United States, after all, the Beatles, the Beatles, Michael Jackson, etc. are too strong in attracting fans and money.
In this case, it is natural for MGM to increase Universal Music, once Universal Music acquires PolyGram to complete its rise in Europe and the United States, and then docks with Chinese music's Su Records - then Universal Music will instantly become the world's largest music record company, especially in Chinese music, which is almost a monopoly.
Therefore, this time, MGM Group will vigorously support Universal Music's acquisition of Polygram, and will not give up until it is won!
Besides, in the last life, Universal Music under Seagram was able to successfully acquire Polygram, so this time with the endorsement of MGM Group, the super "gold father", can it not be successful?
Speaking of which, Polygram Music is also very awesome, you know, this guy is not only one of the four major record companies in the world, but also the biggest one. Yes, PolyGram is the largest record company in the world today, but because of the overall weakness of the record industry and the failure in the Chinese-speaking market, PolyGram's life is not very easy.
This is also the reason why Universal Music dares to attack PolyGram, after all, Universal Music, whether it is the Sigram era or the current MGM period, the "backstage" is very hard. However, Polygram is different, the main record industry is declining, and it is not very satisfactory in the film and television industry, how can it not become a "thorn in the side" of others?
For PolyGram Records, Universal Music is indeed very greedy, not only because of his huge global corporate network, but also because of the rich music rights under this guy's umbrella. You must know that in PolyGram's music copyright library, there are a large number of classical music copyrights, such as the world's three major tenors, the Vienna Philharmonic Orchestra, the Berlin Philharmonic Orchestra and so on.
Therefore, once Universal Music acquires Polygram, it will greatly enrich his music copyright resources, especially in the field of classical music, which will directly make up for Universal Music's shortcomings in this regard.
The acquisition negotiations for Polygram were quickly restarted, and Universal Music is definitely "full of sincerity" this time, after all, Universal Music has changed to a "rich father" - money, not a problem.
Compared with Seagram, which picks and searches, MGM is much more arrogant, and Universal has directly raised its offer from $8 billion to $9 billion. If you don't blow it up, this price will be much more sincere, although Polygram is definitely not worth more than 9 billion US dollars, but, negotiations, naturally, are asking for money on the spot.
At the current price, Polygram relented and said that it could talk to Universal Music, and the last offer was definitely not even necessary to negotiate, which was too "insulting" to people. Is it true that our world's largest record label is worth $8 billion?
Therefore, Universal Music in the Seagram era at that time had a nose on Polygram's side, after all, that offer was indeed too insincere. To put it mildly, this guy was completely lucky to see if he could "prostitute for nothing", so he called out such an insulting price.
In fact, in the previous life, Universal Music finally pocketed PolyGram for a sky-high price of $10.6 billion a few years later, which shows that the current offer is indeed just a test shot.
However, this time Universal Music is not a temptation, but a real thing, so they quoted a price of $9 billion, and said that this price can be negotiated again......