Chapter 106: Decline

After all, Britney was canonized by the Queen of England at the age of 19 and received the Royal Medal of Honor, which is really beyond ordinary people's imagination.

For reference, Angelina Jolie, another Hollywood A-list actress, was not awarded a separate award by the Queen until she was 39 years old for her contributions to charitable causes such as women and children.

There is a difference of 20 years, and for most people, the latter is the normal representative, okay!

At this point, no one doubts that Britney is a symbol of the times of the "American Dream Incarnate".

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Autumn is not only the season of harvest, but for most modern companies, it is also the time to start preparing the annual financial statements and annual earnings for the year.

The biggest reason why Hollywood has been particularly lively this year is that this is the first autumn after the merger of AOL Times Warner, but the financial data they released is worrying.

Listed companies like AOL and Time Warner need to release their specific revenue and operating conditions to the market every year, but the sales of Internet advertising and e-commerce, which have been favored before, have declined significantly.

Sid is well aware that this is the beginning of the end of the Internet 1.0 era, and as time enters the new century, Moore's Law in the Internet world will inevitably lead to faster changes in any previous industry.

Whether it is Internet advertising or e-commerce, a conglomerate like AOL and Time Warner will not be the opponent of Silicon Valley's increasingly segmented individual companies.

Whether it is Amazon, which specializes in selling books, or eBay, which buys and sells second-hand goods, in a sense, it has formed a flank against them.

As for the Internet advertising business, under the joint plot of Sid and Larry Page and Sergey Brin, Google deliberately failed to provoke it, and the whole market has not seen a way to develop an Internet advertising market on a large scale.

This, coupled with the fierce competition between Yahoo and Microsoft in the portal mountain, makes it difficult for the Internet advertising business to make a profit.

While the changes in AOL Warner are out of reach for most people, Wall Street's financial markets are extremely sensitive. Within 24 hours of AOL Time Warner's earnings report, their stock price fell!

In just one week, the value of AOL Time Warner's stock fell by 10% overall, and its market value evaporated by $20 billion!

This astonishing level of decline, even for a giant like AOL Time Warner, is quite nerve-wracking.

As CEO, Jerry Levine and Chairman Steve Case, can only try to direct the public's attention to the many subscribers that the new company has acquired: Time Warner's traditional TV subscribers and AOL's emerging Internet users.

In response to the growing skepticism, they also held a press conference at which CEO Jerry Levine said: "For me, this is a positive proof that our merger was a success. ”

Steve Case, chairman of the board, added: "In this quarter, we saw that the two companies were more coordinated!"

The implication is that when coordinated, the company's future profitability will not be a problem.

The two men sang and sang in harmony in an attempt to reverse the pessimism of the media and the market, but Wall Street did not seem to buy it.

After entering September, the pressure rose and the value of the shares fell! After the merger of the two companies, the value of the shares, which had climbed to nearly $60, began to chatter, although the magnitude was not large, but it has been falling but not rising.

"Whewβ€”β€”, it seems that there is some good news in Zhongzhong. Sid patted the Wall Street Journal in his hand and said lightly.

"What Sid?" Britney, who was sitting across from her and eating breakfast, looked up suspiciously.

"It's nothing, it's just that our enemies are weaker, and we can start hunting a little longer. Sid shook his head, smiled faintly, and then he changed his words, "How's the rehearsal for the concert going?" ”

"Uh-huh, that's great! Speaking of this, Britney's eyes lit up with excitement, "Besides, I finally met MJ yesterday!

"Hehe, I know, he must be. Sid smiled warmly, "Otherwise, I'll accompany you to Madison Square Garden today." ”

"Do you have time?" asked Britney, surprised.

"Of course, I've taken care of things in the past few days. Besides, I want to see how Nini dances during rehearsals. Sid said with a smile.

"Hee-hee, that's good, I'll introduce you to MJ. Britney replied happily.

Although for future generations, September 2001 will only mean one thing, that super event that has been weighing on Sid's heart. But in fact, in September of this year, it is actually the 30th anniversary of the solo flight of Michael Jackson, the king of pop.

So to celebrate the event, MJ held a "solo 30th anniversary concert" at Madison Square Garden in New York, which is also quite important for the music industry.

After all, this is the end of the 90s, after Jackson announced his temporary retirement from the music scene, one of the few public concerts, so although this concert lasted from the 7th to the 10th for four consecutive days, the tickets were sold out in just one hour.

In the scalper market, the tickets with the worst seats are sold to a few thousand dollars each, and the seats in the VIP seats are even more expensive to $4 or 50,000.

It is enough to get a glimpse of the super popularity of the king of pop music, which has not been affected by the previous clouds in the slightest.

And the king of music will hold a concert, of course, he will not perform on stage alone, and the four-day concert will certainly not invite fewer performers.

And who can be invited to the stage is definitely a great honor for the music industry, and in addition to Britney, all of the people invited by MJ are famous big names.

Among them, from the legendary actress Elizabeth Taylor to the music diva Whitney Houston, from the long-established Arthur Boy to the budding Destiny True Girl. Of course, The Jacksons were also invited to the stage as a nostalgic gesture.

Although the stars performing on the stage all looked beautiful, after watching the rehearsals of the stars in home clothes on the stage, Sid's sense of distance from these celebrities disappeared in an instant.

It's all about group comics, right?

In particular, Arthur also brought an old copy of "The Da Vinci Code" from his assistant, and took the initiative to ask Sid for autographs and photos, saying that he was a die-hard fan.