Chapter 118: Pan American Loosening
A week has passed, and since Wu Ming said that he will hang Pan American for a period of time, and even if the acquisition of Luen Mei is unsuccessful, he will acquire several small and medium-sized film companies.
Ron Meyer's mind was immediately relieved, and he was not in a hurry at all.
In addition to occasionally coming to the door to ask Pan Am if he is willing to reduce the price, it is to collect information about those small and medium-sized film companies, and prepare for Pan America's refusal to sell United States films.
Seeing such a situation, a group of people in Pan America became anxious.
The Pan American Pyramid, the headquarters of Pan Am, is located in the historic Montgomery district, with a height of 260 meters and a total of 48 floors, which is used for commercial and office purposes. Construction began in 1969 and was completed in 1972, making it one of the 100 tallest buildings in the world.
Pan Am CEO John Beckett is discussing the matter of the United States with his subordinates.
As Chairman and CEO of Pan Am, John Beckett's business philosophy has always been to build a well-known brand. So he forced the films released by Luen Mei to be labeled Pan America, and even wanted Luen Mei to directly change its name to Pan American Pictures.
This just caused the original resistance of the middle and high-level of the United States, and later the contradictions broke out, causing many important personnel of the United States to leave.
This has led to the United States film to get to where it is today.
However, Pan Am is a large company with a market value of tens of billions of dollars, and a mere United States is not in the eyes of John Beckett.
How to maximize the benefits is a problem worth considering.
"We have to take the United States out of the way, otherwise it will become a bottomless pit that eats up money. A senior executive of Pan Am said categorically.
John Beckett nodded and agreed: "Yes, now because of Lianmei, our company's reputation in Hollywood has turned stinky. If you continue to pinch it in your hand, it won't improve in the slightest, and it's time to find a successor for it. ”
Another high-level executive proposed: "Why don't we sell Luen Mei to MGM, they have always coveted Luen Mei, and they should be able to sell it for a good price." ”
As soon as the man finished speaking, someone sneered: "Now MGM himself can't protect himself, how can he have the money to take over Lianmei." ”
MGM has been losing money for more than ten years, let alone $400 million, even $100 million is hard to come up with.
In the previous life, MGM was able to buy Luen Mei because they had a big boss behind them.
MGM's owner is gambling tycoon Kirk Kercorion, and if he is interested in the United States, he is afraid that MGM will not be able to pay for it. The person who had just proposed retorted.
"Don't forget, Kirk Kelcorion lost a lot last month, and according to his shrewd character, even if he wants to win the United States, the price he will give will not be too high. Another retorted.
This statement hit the nail on the head, and on November 21 this year, a huge fire broke out at the famous MGM Grand Hotel in Las Vegas. As a result, 85 people were killed and more than 600 were injured.
Because the fire protection facilities of the MGM Grand Hotel were not standardized, the MGM Grand Hotel was mainly responsible for this incident and paid more than 100 million US dollars in compensation.
Coupled with the destruction of the hotel, Kirk Kercorion suffered a heavy loss in this incident. So later, MGM Pictures acquired Luen Mei Pictures, and he pushed the price to a very low level, only $350 million.
All those who approved of MGM's acquisition of Luen Mei were speechless, and their favorite buyer was naturally MGM, but that was without losing Pan America's interests.
Especially now that there is a big rich man from Xiangjiang on the side, of course they don't dare to say that they will sell Lianmei at a low price.
"President, I think we should put aside our prejudice against the Chinese and talk to that Xiangjiang man, so that it is in the best interests of our pan-Americans. A man suggested to John Beckett.
John Beckett nodded and replied, "Then it's up to you to negotiate with them this time, and you must maximize your interests." ”
Bill Parker was ordered by his boss to immediately go to the CAA to negotiate with Ron Meyer.
This time, Bill Parker didn't open his mouth as much as he did last time, but he also quoted a high price of $500 million, and it seems that there is room for negotiation.
Ron Meyer pondered for a while, this price was actually the bottom line given by Wu Ming. But if he buys Lianmei at such a high price, doesn't it show that his ability is very weak.
So, Ron Meyer smiled lightly and retorted: "I'm afraid Lianmei Pictures is not worth this price now!"
"Although Luen Mei Pictures is in decline now, it is still one of the eight major Hollywood film companies and has a huge influence in Hollywood. If your boss wants to enter Hollywood, United Pictures is his best choice, and $500 million is not expensive. Bill Parker explained.
Ron Meyer nodded and agreed: "Luen Mei Pictures has a long history and a lot of resources, so it is naturally our best choice. ”
"But. Then Ron Meyer changed his words and pointed out the shortcomings of Luen Mei Pictures, "As far as I know, Luen Mei Pictures recently spent a huge amount of $40 million to shoot "Heaven's Gate", but it lost a lot of money, only $3 million at the box office. It can be said that compared with those small and medium-sized film companies, Luen Mei is now a little stronger, and it is not worth the high price of 500 million US dollars to acquire. ”
Bill Parker smiled bitterly, he didn't expect the other party to even investigate the finances of Lianmei recently.
"Then Mr. Meyer, let's open the skylight and say something, we are willing to drop another $50 million and sell Luen Mei to you for $450 million!"
When Ron Meyer heard this, he sneered: "$450 million is still far more than the actual value of United States Pictures, and I think $350 million is about the same." ”
When Bill Parker saw that Ron Meyer had cut the price by $100 million, he was so angry that he blew his nose and glared, and almost cursed.
"This is impossible, we at Pan Am will never be able to sell Luen Mei Pictures so cheaply. Bill Parker said firmly.
If future generations knew how much money MGM spent on acquiring Luen Mei, they would definitely laugh out loud when they came to this scene and listened to Bill Parker's words.
Without Wu Ming's intervention, wouldn't Pan Am sell Luen Mei Pictures to MGM at a low price of $350 million in the future!
Ron Meyer's offer of $350 million was just a test of Pan America's bottom line, and when he saw Bill Parker so resolute, he suddenly changed his tune.
"How about that $380 million, and we can pay it all in cash at once. ”
Despite the increase of $30 million, Bill Parker still objected, and it is clear that this has not yet reached the expected price of Pan America.
In the end, after some fierce negotiations, the two finally set the price at $410 million, and Wu Ming's side had to pay all the amount at once.