Chapter Ninety-Eight: Five Majors and Four Changes (Page 1/1)

This not only laid the pattern of today's seven major Hollywood media groups, but also made the uncrowned king Barry Diller out of the game, and could only "wander" to ordinary business circles to do other businesses.

To put it bluntly, the most valuable assets of Warner Records are their hundreds of professional singers, the copyrights of nearly one million songs, and Warner's business network and network resources all over the world.

Compared with these, those hardware equipment such as recording studios and recording studios are secondary.

Under the joint bid price of Fire Lion Records and emI Records, the bidders of Warner Records were quickly squeezed out, after all, in the game of billions of dollars, there are not many players who can make a big move.

So just two weeks later, Warner Records' public auction was left with only the side led by the Fire Lion and the private equity fund of former Universal boss Edgar Bronfman Jr.

And the auction price has reached $2.5 billion!

This bid is already more than double the original budget of emI, and if they were alone, they would never be able to take this step today, so they can't help but be glad to follow behind the fire lion.

Even if according to their agreement with the Fire Lion, they can only get the assets corresponding to their budget afterwards, but it is better than nothing.

"So, do you want to bid or not?" asked Jason Furlong, COO of Fire Lion Records, a little impatiently.

When the bidding price rose to more than $200 million, other bidders quickly launched it, and the only one who still insists on competing with them is Edgar Bronfman Jr.'s private equity fund.

Faced with the aggressive Fire Lion Records, little Edgar gritted his teeth with sweat on his forehead and said, "$2.6 billion." ”

Looking at the other party's gritting back molars, Jason Furlong couldn't help but be a little amused, for these people, the big price shouted out was only a minimum price for the fire lion.

Seeing enough of the other party's entanglement, Jason Furlong stopped talking nonsense, "$2.8 billion!"

"Two, twenty-eight billion!?" Although little Edgar can be described as a foolish trick in running the Global Group and the family business, he is also a long-term network between the wealthy in Canada and North America, otherwise he would not have been willing to take money to invest in him after losing the Global Group and the family business.

Of course, there are also people who fancy his successful experience in Hollywood in the eighties and nineties, so they are willing to bet on him.

Although the bid of 2.8 billion was out of Little Edgar's original budget, it didn't mean that he had no room to turn around, but next, Jason Furlong looked at Little Edgar who still wanted to speak, "Edgar, don't struggle, I look at it and worry about it." ”

"I can play with you all day bidding, and I will raise the price for myself myself, 3o billion dollars!"

If little Edgar Bronfman was still gritting his teeth and trying to figure out a way just now, then he is completely out of gas now.

I have long known that there is a wealthy Fire Lion Group behind Fire Lion Records, and whether it is Fire Lion TV or Fire Lion Pictures, they are the top entertainment companies that have set off many rounds of phenomenal products in North America in recent years.

Whether it is "Ghost Shadow" and "Youth Musical" in the movie, or "Survivor" and "American Idol" in the TV show, which one is not an existence that can shake the TV circle.

Other big TV networks, even if they can have a program like this, it is enough to sit firmly for several years, but such an ace-level program under the hands of the Fire Lion Group is as planned, how can it not be eye-catching.

At the same time, another question that arises is, how much has the fire lion made in recent years?

After the Fire Lion was officially established as a group, they have not carried out a major expansion in recent years, except for the acquisition of Viking Records, which used more than 700 million US dollars, and this low-key style is not the same as that in the film and television industry

Moreover, a considerable part of the funds for the acquisition of Viking Records are still publicly sold bonds, so although many people are curious about how rich the Fire Lion is, few people know.

So when the final bid price of Warner Records was announced, the media and the public couldn't help but be in an uproar, the purchase price of 3o billion US dollars, although it is not clear how much Fire Lion Records and emI Records afford, but emI's bid of up to 1 billion US dollars is not a secret in the circle.

Therefore, the acquisition of Warner Records by Fire Lion for 2o billion yuan soon appeared in professional media such as the Wall Street Journal, and according to the prior agreement between Fire Lion and emI, they will divide Warner Records according to the ratio of 2:1.

A record company as large as Warner Records naturally has a large number of departments and personnel, among which the most valued by Fire Lion, or Sid, is the song copyright department, and if he can, he would even rather throw away the entire record department to monopolize the copyright department.

But emI is not a fool, of course, it is impossible to be the head of such a wrong, and in the end, they reached an agreement with Fire Lion Records to split Warner Records.

Whether it is Warner's singers, its song copyright library and tens of thousands of employees in the record department, it has to be broken down one by one, and this is by no means a simple job.

But for Sid and Shirley, it is the record department that minimizes the burden, cuts costs, and improves efficiency and creativity.

After all, as a traditional record industry with heavy labor costs, spending $200 million to buy Warner Records is still a trivial matter, and if the original redundancy and redundancy of Warner Records become fat on his own body, it is a real man's gain that outweighs the loss.

Therefore, it is indispensable for the absorption and rectification of Warner Records, but when such a rumor was revealed, it naturally caused a voice of regret.

Although it is unclear whether emI Records will retain the name of Warner Records, with the Cao nature of the Fire Lion, it will be closed if the acquisition target is not wiped out.

In the end, Barry Weiss, CEO of Fire Lion Records, came forward to say that Fire Lion Records will incorporate Warner Records into its sub-labels, specializing in the production of reggae, funk funk, dJ electronic music and other pan-music records, which can be regarded as leaving a trace of incense for Warner Records.

As for the copyrights of other songs and its singer Shenma, of course, there is no need to think about it, all of them are owned by Fire Lion Records, and the tens of thousands of employees in the record department will also be carefully absorbed into Fire Lion Records after repeated review.

Ensuring the simplicity and efficiency of personnel has always been the principle of the internal management of the Fire Lion Group, and when it comes to the record department, they are not only for the revenue of the record department itself.

Although the fire lion looks like a picky and thin man, many media and the public can't help but sigh that this fire lion killed one of the five major record companies in one go, this kind of big wrist is really rare in recent years, especially for a self-made young genius.

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