Most of the investors who buy Firefly long-term bonds are investment institutions such as various pension funds and insurance companies in North America and Europe, and the biggest feature of these investment institutions is the pursuit of maximum safety of funds, so they are often the main investors in U.S. Treasury bonds with an annual interest rate of less than 3%.

Although the rating agencies have rated Firefly's long-term bonds at 2A, slightly lower than the highest 3A safety rating for U.S. Treasury bonds, after Firefly released a series of financial data, especially stimulated by the upcoming $3 billion in free cash flow, although the rating agencies did not upgrade Firefly's bond rating, a large number of industry analysts have publicly stated that Firefly's bond investment safety has been almost the same as that of U.S. Treasury bonds, while Firefly's long-term bonds have almost twice as much as U.S. Treasury bonds5. 5% p.a.

In this case, even if Firefly did not suddenly abandon the hand-drawn animation division and make the creditor alliance lose its coercive chips, it is impossible for the investment institutions holding Firefly's long-term bonds to ask Firefly to start bond repurchase measures in advance after Firefly's tough statement, which is tantamount to cutting off its own financial route.

So, when the news of Firefly's imminent sale of the animation division caused an uproar in Hollywood and Wall Street, the group of creditor representatives gathered in Los Angeles became the most embarrassed group.

As an advocate of the creditor alliance, Ron Perelman was immediately involved in all the energy of Marvel after returning to New York, although he was able to skillfully call the wind and rain in the capital market, but in the face of absolute strength, Ron Perelman immediately became staggered.

Warren Buffett, Tom Murphy and David West all have very extensive connections and influence in New York, as for Katzenberg. The Manhattan native became a member of the campaign team of then-New York mayoral candidate John Lindsey at the age of 19. A few years later, he also served as treasurer to assist John Lindsey in his candidacy for president of the United States. Although it did not succeed, this kind of resume is also difficult for many ordinary people to achieve in a lifetime, even after many years of development in the media industry, Katzenberg is still half of New York, plus now wearing the title of the next CEO of the largest media group in the United States, its influence can be imagined.

Under the strong impetus of various forces, the New York District Court was surprisingly efficient, and Ron Perelman, who returned to New York, did not even have time to do anything. They have to face various investigations from law enforcement agencies.

When the news of Firefly's decision to sell the animation division reached New York, Ron Perelman, who had a premonition that something was wrong, immediately called Somer Lei Shidong and wanted to agree to Viacom's conditions, Ron Perelman was keenly aware that by agreeing to Viacom's trading conditions, he would not only be able to get out of the whirlpool of Marvel immediately, but also get $100 million in funds. On the contrary, if he can't make this deal, he may have to make a big deal in front of the fireflies.

However, things took a turn for the worse Ron Perelman had not expected. The whole of Hollywood was drooling from the 'fresh cabbage' of the animation department thrown by fireflies, and Viacom's mood to win this 'cabbage' was far more eager than that of other major companies. At this time, Summerless Lei Shidong would not anger Eric for the sake of Marvel's 'rotten apple'.

Therefore, Ron Perelman has called many times in a row, but he has never been able to contact Lei Shidong himself.

The Malibu Sharp Point Estate is hosting a business party at this time.

It has been two days since Firefly released a series of news and statements, although Firefly can completely ignore the representatives of the creditor institutions that will be hung in Los Angeles, but although this is relieving, it is not in the long-term interests of Firefly, even if it is a non-listed company, Firefly cannot be completely separated from the capital market, not to mention that Eric is still developing many industries outside Firefly. Pension funds and insurance institutions in various states of the United States and European countries are the main investors in the capital market.

As a result, Eric quickly invited all creditor representatives to the party at Sharp Corner Manor on the grounds of 'meeting in person to resolve differences'. At this point, there was no need for communication at all, and the guests who came to the party didn't even mention the creditors' union anymore.

Anyone with a discerning eye can see that this is a step given by fireflies.

When the representatives of the creditors, who were still a little worried about Eric's arrogant treatment, came to the Sharp Corner Manor, they were relieved to find that the owner of the Firefly Group was not only not a young man, but was as mature and steady as most of their peers. In the ensuing conversation, these people even gradually ignored Eric's age, and unconsciously surrounded Eric in the middle like a moon of stars, and talked about various economic and current affairs with great interest.

"If we are careful, we can find that a new information technology industry has risen, although the academic community has called the development of new energy, information technology, space technology and biotechnology as the third industrial revolution, but in fact, only information technology can really be close to the lives of ordinary people. And we all know that the more the industry can be popularized at the level of ordinary people, the higher the economic value will be. So in the next 10 or even 20 years, mobile communications, personal computers, application software, and the Internet will become the most valuable investment targets," said Eric, who was surrounded in a corner of the hall by a group of creditor representatives and senior fund managers, holding a glass of red wine and talking without timidity.

A fund manager in a black suit asked, "Eric, I know that in addition to Hollywood, you have invested in several high-tech companies such as Cisco, Yahoo, and AOL, but don't you think that high-tech investment is too risky? As far as I know, one of the investment creeds of Mr. Warren Buffett, another shareholder of the Firefly Group, is to avoid high-tech industries as much as possible. ”

"I'm not going to say anything about Warren's investment philosophy, which would have drowned in his supporters. With a chuckle, Eric continued, "At other times, though. Investing in high-tech industries is indeed very risky. But now it's different. What will happen next will be an overall industrial explosion. Because the industrial field involved in information technology is too huge, including almost all aspects of our lives, the semiconductor industry promotes the development of personal computers and mobile communications, and personal computers and mobile communications promote the development of application software, mobile phones, the Internet and other branches, and the latter three can drive more countless huge industrial clusters, in this overall industrial trend of the rising state, investment in high-tech is very secure, I am sure. In the next few years, the North American and global capital markets will definitely drive a new round of long-term bull market pattern due to the development of new technology industries. ”

Another fund manager asked very keenly, "Eric, do you think there will be a bubble in this?"

"Of course, every bull market means a stock market bubble, and this big industrial explosion will definitely mean a larger bubble," Eric swept around the crowd with a faint smile on the corner of his mouth with a different meaning in his eyes, and said: "In the state of the stock market going crazy, even if you didn't hear my words today." I'm sure you'll come in without hesitation, though. In the end, whether you can restrain your greed and successfully escape depends on everyone's luck. ”

Seeing that many people fell into a short period of thought, Eric did not continue, revealing something slightly to leave a deep impression on the hearts of this group of fund managers with large amounts of capital, which will definitely bring unexpected benefits in the future, but there is no need to say too much. Seeing Elizabeth, who was standing on the periphery in a lilac gown and looking at him with a smile, Eric raised his glass to the crowd and walked out of the crowd.

Eric gave Elizabeth a small compliment and asked, "When did you come here?"

"It's been half an hour," Elizabeth said, still with the smile on her lips, "seeing that you are so comfortable in a group of old men, I am not embarrassed to disturb you." ”

Eric walked over to the table and brought a fruit bowl, and sat down on the sofa with Elizabeth, before taking the girl's words with a smile and saying, "This is also a helpless thing, if I get too close to men of the same age, it will cause even more unbearable associations, I guess you definitely don't want to see this kind of scene, right?"

Elizabeth smiled and slapped Eric on the shoulder, took a sip of red wine, slowly retracted her expression, and said, "My dad has regretted it lately." ”

Eric looked up and asked, "What do you regret?"

Elizabeth shrugged and said, "Firefly's paper assets, my dad said he knew about 15." $200 million can be bought, and News Corp will definitely make a move. ”

Eric picked up a piece of apple and stuffed it into his mouth, and said, "It's okay, old man, my memory is getting worse and worse, and I'll forget it in a few days." ”

Elizabeth was dissatisfied, "Eric, can't you just be a little respectful of my father?"

"Well, well, I'm sorry," Eric said seriously, "Well, you must want to buy Disney's animation department again, right?"

"Well," Elizabeth nodded, she herself believed in Eric's judgment very much, and even admired it a little, so since Eric insisted on cutting the hand-drawn animation department after "The Lion King", Elizabeth's heart was not as eager as the other major Hollywood studios.

But the old man didn't think so.

Eric said: "Let me tell you, Liz, if you buy the paper assets of Firefly, you may be able to maintain a good profit for the next few years." But if you buy the hand-drawn animation department, you won't be able to make money at all. ”

Elizabeth glanced at Eric, "What's the use of you telling me, you have to tell my father." ”

"Then I have no obligation, but you don't want to get involved this time," Eric thought for a moment and said, "Even if your old man tries his best, I don't think he will be able to grab it this time." ”

Elizabeth wondered, "Oh, which company do you think is most likely to buy the animation division?"

Eric recalled some of the information Kelly had collected in recent days, and said: "I think it's most likely Warner, Warner's film business this summer is so miserable, and it is estimated that it will be difficult for Terry Semel to sit in the CEO position for too long if he does not make some achievements to give the board and shareholders enough confidence." The second is Paramount, I heard that Paramount intends to use Blockbuster to imitate Disney's peripheral strategy," Eric said this, with a little schadenfreude on the corner of his mouth, and said: "There are more than 3,000 Blockbuster chain stores in the United States, which is more than six times the number of Disney stores in the world, which is indeed a very good idea, but unfortunately Paramount doesn't have many movies to develop around at all, I don't know why, I think it's funny when I think about it, haha, sorry, let me laugh." ”

Elizabeth rolled her eyes slightly, waited for Eric to finish laughing, and said, "I thought you would think that the most likely one is Universal, Michael Eisner is the former CEO of Disney after all." ”

Eric shrugged and said, "Don't think about Universal and Columbia, Michael Eisner definitely wants the animation department very much, but he doesn't have that much power, and now Universal and Columbia are in the hands of the Japanese." The Japanese are sometimes generous, but sometimes very petty, and their animation industry is very developed, and accordingly, while they don't look down on Hollywood animation studios, they are not willing to spend more than a billion dollars on a hand-drawn animation department. In the end, MGM is hopeless, and as for you, I think News Corp.'s business focus is still on the TV network, and it won't be as desperate as Warner and Paramount, right?"

Elizabeth nodded slightly, and had to admit in her heart that Eric's analysis was very reasonable.

Since Firefly bought ABC and stopped working with Fox Network, in order to maintain Fox Network's market share, News Corp. has focused most of its efforts on operating the network this year, even at the cost of reducing production in the film division again.

After making up her mind not to try to influence her old man's decision, Elizabeth relieved herself and asked, "Hey, didn't you want to win that comic book company recently, which superhero copyright did you like?"

"That's too much, Spider-Man, Fantastic Four, Hulk, Iron Man or something, I'm actually a comic book fan, do you see it?"

Elizabeth looked at her with disdain and said, "You're talking nonsense again, how come I've never seen you read comics?"

Eric laughed, "This shows that we still need to know better." “

(To be continued.) )