Chapter 0557 Online Services and AOL

In fact, Malvern. Davis and Mark. Richie, like him, was on the edge of the law because of price speculation in the oil business.

It's just that he didn't have a lot to do like Mark. Rich, like him, was still desperate in the face of political risks, so only in 1981 was the U.S. Department of Justice ruled that he had made some civil damages. That same year, it sold most of its shares in oil companies and made $600 million.

Also in 1981, Malvern. Davis and Mark. Rich paid more than $770 million in total to gain control of 20th Century Fox.

Mark. After Richie was wanted by the U.S. government and ran away and became the FBI's most wanted man, his stake in 20th Century Fox was taken by Malvin. Davis pocketed more than $110 million.

Now, Tang Huan is willing to buy this part of the interest for $250 million. Davis has more than doubled his earnings, which is undoubtedly a very good deal.

But there's one thing, Mark. Richie took this part of the shares in 20th Century Fox, although it was taken by Marvern. Davis bought it for more than $110 million, but that doesn't mean it's really worth the price.

If this deal goes through, Tang Huan and Malvern . Davis can be called a win-win situation, and the real loser is Mark who ran away. Ricky.

Malvern. Davis pondered for a moment, unable to decide for a moment. Guy 20th Century Fox is a bit of a chicken rib for him, and the money is not as enjoyable as the oil business, but it is not completely unsuccessful. In short, the water in Hollywood is not ordinarily deep, which puts the oil tycoon in a bit of a dilemma.

Since the golden body of the Hollywood industry's production, distribution, and screening, and vertical monopoly was broken by the anti-monopoly sword of the US Department of Justice, in order to survive, Hollywood companies have become vassals of big conglomerates.

But the film industry's earnings have had its ups and downs. As elusive as not knowing which cloud will rain, it is also disliked by some executives outside the industry, such as Coca-Cola, who have a lot of criticism about Columbia Pictures in management.

Obviously, it is not enough for Hollywood to reduce the peak and trough of business risks by selling itself to large conglomerates, and it must also take another set of monopoly roads, that is, the combination of entertainment and media.

Malvern. Davis had already accepted the suggestion from his subordinates. Otherwise, it would not have gotten involved with Murdoch, planning to jointly acquire the cable television network owned by Metropolis Media.

But in this way, Malvin. Davis's financial pressure also increased, and he had previously tried to borrow $600 million from the bank, but he never had the full trust of the bankers.

Of course, banks are not the only way to raise funds. Davis is not averse to this approach, it's just that it's a little riskier.

It's a pity. This plan was challenged by a formidable challenge. Turner also took a fancy to this goal, and with Tang Huan's support behind him, the prospect of competition is really not optimistic.

See Malvern. Davis hesitated, Tang Huan put down the glass, and said slowly: "I have been in contact with Hollywood in the past few years, and I have a feeling, that is. The most afraid of embarrassment is not up or down, 20th Century Fox and Walt Disney seem to be in this state. The percentage of profits contributed by movies has been declining, and it is necessary to rely on other investments such as real estate to make the financial statements passable. The latter, in particular, accounts for 70% of the revenue of theme parks, and has recently faced the threat of hostile takeovers. ”

Staring at Malvin. Davis's eyes, Tang Huan made a gesture, "Open the skylight and say something bright." The rest of my offer is like this, I am willing to take over your own part of the shares for $700 million. ”

"Well, the 20th Century Fox film business might be really hard for you. But Pebble Beach Golf Course, Ski Company, Century City, and Forbes Plaza, which is about to begin, are all gravitational assets. "Malvern. Davis snorted, his smile revealing a hint of cunning, "You also said that you like this golf course very much, and in the past few years, the Pebble Beach golf course has really appreciated a lot." ”

Tang Huancai nodded magnificently, "Just say it, how much do you want to increase the price?" ”

"Add another 100 million, and my entire interest in Forbes will be transferred to you. Of course, I immediately parted ways with Murdoch. "Malvern. Davis kind of made his overall plan clear.

"My team has assessed the assets and liabilities of Forbes in the 20th century, and your fluctuation is unreasonable." Tang Huan shook his head affirmatively.

"How so." Malvern. Davis sat up straight, "I've been running 20th Century Fox for the past few years, and it's definitely hard work. ”

Tang Huan smiled, didn't use the words to stimulate the other party, got up and said, "Let's go play, I hope that after we come back, we can see the relevant materials that are enough to attract me." ”

"Okay." Malvern. Davis picked up the phone quickly, "I'll have people prepare." ”

Now, Malvern. Davis's mentality, and the boss of the Met, John Brown. Kruger is almost the same, when he finds that the assets in his hands have appreciated to the high point of psychological expectations and have the opportunity to be transformed into attractive real money, the ** of getting rid of it is increasing day by day.

……

The collapse of the home video game console market in North America has wiped out countless companies, including directly involved game console manufacturers, game software developers, and even various service companies that are ignored because of their marginal status.

For example, there's a venture-backed computer services company called ControlVideo, which provides the Atari 2600 with an Internet connection environment that allows gamers to store their best scores.

As Atari's performance plummeted, especially Warner's decisive sale of the home video game console and PC business to Jack in early 1984. Trammell, ControlVideo lost its main business and was on the verge of bankruptcy.

As one of them, Steve. Keith felt like he might be changing jobs again. After graduating, he worked for Procter & Gamble and PepsiCo. Because of his eye-opening on COMDEX in Las Vegas, he was introduced by his brother who is engaged in securities investment and plunged headlong into the IT circle. Joined ControlVideo as a marketing planner.

Born in 1958 in Honolulu, Hawaii, Steve Brown. Case, quite business-minded and very motivated, he is not willing to let the company go out of business like this, without the Atari 2600, then change the business.

For this. Steve. Keith stayed up all night, trying to find inspiration by visiting AOL, a thriving Internet service provider.

AOL is also a venture capital project, with funds mainly provided by Tang Huan, the richest man in the United States and a tycoon in Silicon Valley, and developed from businesses such as Pacific BBS, Zheru Mail Service, and EA Online Game MUD.

With Tang Huan's support, AOL has advantages that are difficult to match other similar risk projects, such as the opportunity to bargain at the negotiating table with the telecommunications company Pacific Telecom to reduce the cost of line access in the construction of the network, and the technology and products are more in place. Very discounted.

Just like Steve. The Fangyuan portable PC that Case is using costs $2,699, the modem costs $49.95, the initial installation fee is $15, and the various network support programs that need to be used are all free.

Of course, while the hardware investment is cost-effective, the cost of using the Internet is really expensive. It costs $4.95 per hour.

In order to attract users, AOL has also launched a preferential tariff policy. Subscribers can enjoy a package of $30 per month, which is $15 per month for a base fee of 5 hours and an additional $4.45 per hour. In addition, users can enjoy a special price of $3.95 between 12 p.m. and 7 a.m. each day.

This is also Steve. The reason why Keith stayed up late in a row, AOL's discount is still very attractive, but only with Tang Huan's support can he stop burning money so much.

In fact. AOL is not the only company providing high-quality web services, and CompuServe, which dates back to 1969, is also competitive.

However, after the comparison, Steve. Keith still prefers AOL as a platform and Guy as a technologically advanced virtual century. The content is more colorful, including news, weather, shopping, bulletin boards, games, polls, expert columns, banking, stocks, travel and so on.

And that feeling of being able to sit at home and communicate freely with people all over the world makes Steve. Keith was fascinated, especially with many hot topics.

……

The Los Angeles Olympics will be held in July this year, and the torch relay ceremony is scheduled for May.

The ingenious Los Angeles Olympic Organizing Committee decided that the torch relay ceremony would be worth $3,000 per mile, and part of the San Francisco Bay Area had already been bought by Tang Huan, so it would be a big party.

……

The 56th Academy Awards were held on April 9 at Dorothy Los Angeles. Held at Chandler Hall, the film "Mother and Daughter Love" won Best Picture, Best Director - James Brown. Brooks, Best Adapted Screenplay, Best Actress - Shirley. McLean, Best Supporting Actor - Jack. Five awards, including Nicholson, once again made Tang Huan's Luen Mei Company return with a full load.

……

Oil tycoon Malvin. Davis sold his 20th Century Fox stake for $1 billion, and the buyer was Tang Huan. Therefrom. Tang Huan's Hollywood company also has its own big studio, and the scale of the enterprise is comparable to Paramount and Warner.

……

The boss of the Met, John Brown. Kruger sold his cable networks in New York, Los Angeles, Chicago, Houston, Dallas, Washington and other places to Turner Broadcasting for $2.9 billion, making it the veritable fourth-largest television network in the United States, while News Corp. was out of business.

Ted as the victor. Turner, who deliberately appeared at the press conference with a pair of boxing gloves, ridiculed and sarcastically mocked the competitor Murdoch to the point of being incisive.

……

The traditional media's hype about Tang Huan from entry age to personal integrity is also reflected in the virtual world, and all kinds of laughter and scolding are even more unscrupulous.

Among them, there is a post speculating Tang Huan's actual age, which has built tens of thousands of buildings and has been at the top.

Steve. Keith looked at the results of the analysis, and more than 85 percent of people believed that Tang Huan was born in 1955 and is 29 years old this year.

"A genius is a genius, and before he reaches the age of 30, he has a net worth of hundreds of millions." I admired Steve very much. Case, too, cast his vote.

……

After sipping down the espresso, Steve. Keith got up and walked out the window, did a few chest expansion exercises, and the fatigue of staying up all night was swept away.

During this time, the cost of Internet access alone, Steve. Case spent thousands of dollars. Although he felt a lot of pain after indulging, he also felt that he had gained a lot.

There is no doubt that AOL is the most advanced in terms of technology and philosophy. In comparison, ControlVideo, which is on the verge of bankruptcy, is nothing to mention.

This result did not surprise Steve. Case's prediction, and his belief that AOL, with its deep background, should have done so well that it didn't deserve to be praised with all the fuss.

But there's one thing, Steve. Case felt that very deeply, and that is the attitude of AOL customers.

Many things that are taken for granted by computer professionals are very difficult for ordinary users to understand, and AOL, which has put down its technology and is high on the shelf, in addition to being unique in terms of ease of use of network programs, has also set up a complete online customer service to answer these questions.

Therefore, a significant part of AOL users are ordinary people and belong to real consumers.

According to unofficial figures, AOL has nearly 100,000 subscribers, and plans to take advantage of the attention generated by the Los Angeles Olympics to exceed 1 million registered users.

Thinking of this, the originally ambitious Steve. Keith, suddenly a little frustrated.

AOL is such an industry leader that ControlVideo, if it can be sustained, is a bit boring.

At this time, the phone rang, and Steve. Keith picked it up and listened, and it turned out to be his brother Daniel. Keith called.

The other party asked complainingly, "Steve, what are you busy with these days?" I asked you for dinner, and there was no reply. ”

Steve. Keith glanced at the box on the table and smiled, "I've been busy surfing the Internet these days, and my stomach problems are solved with pizza." ”

"Pacific Telecom is about to go public, and there will be a lot of big names at the banquet, and the opportunity is really rare. You prepare carefully, and we'll be here together. "Daniel. Keith admonished.

……

PS: It's the New Year, there are more things, and the update may be unstable, forgive me! (To be continued.) )