Chapter 923 Scene 923 Acquisition of AMC

Part of the cast list of "The Legend of the Great Sage":

Monkey King - Li Xiaole (Black Pearl Company), Liu Xiaolingtong (China TV Drama Production Center)

Jade Emperor - Chen Baoguo (Beicheng Normal University)

Bull Demon King - Jiang Wen (China Film Group Second Studio)

Bodhi Patriarch - Chen Daoming (China Central TV Drama Company)

Tai Bai Xing - Ge You (All-China Federation of Trade Unions Art Troupe)

The Queen Mother - Siqin Gaowa

Li Jing, the king of Tota - Zhou Runfa

Nine-tailed fox - Lin Zhiling

Iron Fan Princess - Sun Li (Huayi Brothers Era Culture)

Zixia Fairy - Ha Ji Won (Black Pearl Company)

Erlang God - Jiao Enjun (Dongsheng Times International Media)

Dragon King of the East China Sea - Wang Zhiwen (China Central Television Bureau Corporation)

Guanyin Bodhisattva - Zhao Yazhi (Beijing Xingze International) ......

Han Sanpin looked at the actor's list, the more he watched, the more fascinated he became, and the expression on his face gradually expanded from the previous solemnity, until he turned to the last page, Han Sanpin was still a little stunned. I couldn't help but turn to the first page and read it again, and then I was sure that what he had just seen was real.

Han Sanpin put the cast list on the table, and asked Han Xiaoli with a strange expression: "Have these people been confirmed to participate?" ”

Han Sanpin knows that Li Xiaole is following the old path of Peter Jackson when he filmed "The Lord of the Rings", he wants to use his own strength to mobilize a country's film resources and let his country's film culture on the world's top stage, you must know that before "The Lord of the Rings", no one regarded New Zealand movies as a thing, and after "The Lord of the Rings", the whole New Zealand has become the Middle-earth world in everyone's minds, which is the cultural appeal brought by a great film work.

"Well, it's decided." Han Xiaoli nodded excitedly and said with a smile: "I called to confirm, those actors are aiming at the sincerity of Director Xiao Li, and the brokerage company is all looking at your face." ”

"Xiaoli, be cautious~~ This is not my personal face~ It is the influence of China Film Group." Han Sanpin hurriedly waved his hand, but the smile on his face couldn't stop: "Alas, this thing is really like his style, he must have planned to do this a long time ago, he made such a fuss, and really mobilized our entire Chinese film industry, Xiaoli, you go to the Liu Bureau of the Film Bureau to sign the documents." ”

Mr. Han ...... Do you really want to accompany Director Li to fool around? Han Xiaoli listened with some hesitation and said, if this 3D screen promotion plan is to be done, the investment is so huge, in case it does not achieve the expected results, Han Sanpin will have to bear the leadership responsibility.

"This is an opportunity for our generation, and it is also our historical responsibility, if China Film does not have this Li Xiaole, we can't think of this kind of thing, how can we also give it a shot." Han Sanpin took off his reading glasses and showed a long-lost arrogance between his eyebrows, sat up straight and said:

"Okay, Xiaoli, we also start moving, you send the document immediately, and then I will personally call Mr. Chen of Shanghai Lianhe, Mr. Xu of Beijing New Film Association, Mr. Wang of Wanda, Mr. Dalin of Sichuan Pacific, and Mr. Chen of Zhejiang Times, and ask them to complete the 8,000 screens improvement plan across the country by December."

When the Film Bureau approved the official proposal to build 8,000 3D screens in half a year, all theaters were shaken, everyone smelled the atmosphere of the mountain rain, and everyone realized that the "Legend of the Great Sage" at the end of the year may be the strongest voice in the history of Chinese films......

In the office of the National Film Administration, rows of data supervisors are calling and asking: "Southern Cinema, do you also want to apply for the construction of a 'Chinese giant screen'?" How many pieces? Well, it will be submitted to the General Administration for review, and there will be relevant technical personnel for technical support. "You have to publish a report on how much audience traffic there is on average, and you have to carefully verify and detail the data."

At this time, I saw a man in his fifties with a big belly walking over, a pair of thick eyebrows furrowed, and asked in a deep voice: "Has the investigation of the situation been clear, has anyone sent someone down to verify?" Why did these theaters apply for the proposal? Is there someone who is using this activity to make supplementary funds in the fishing bureau? "There is a state subsidy for the construction of a 3D screen, and the bureau is afraid that someone will fill their pockets.

"People have been sent out, and all colleagues in the first-line cinema chain said that the eight major cinema chains are carrying out rectification and reform, and they really want to take advantage of the off-season in the past few months to prepare for a large-scale renovation of the 3D screen." Minister Xu, the head of the Ministry of Resources, came over to explain that he was too busy to greet Director Liu.

Director Liu came over and looked at the reports on the movie screen, bowed his head and muttered: "This Li Xiaole has such a big influence...... We have never implemented a policy so quickly in the eight major cinema chains, Li Xiaole said a word, how could they respond so quickly......"

"That said...... This proposal is more effective than the previous policy, is this Li Xiaole more authoritative than our Film Bureau? The Minister Xu also sighed: "Now it's all messed up, it seems that it is really going to overturn the entire Chinese theater once." ”

"No matter why they have this reaction, it proves that this market has been activated, and in the future, there will be 3D screens, and the tax revenue of the film bureau is probably going to double." Director Liu nodded and said, "This Li Xiaole is really a great character, and as soon as he came back from the United States, he changed the whole world of Chinese films." ”

After saying that, Director Liu and Minister Xu both glanced at each other, and they were a little inexplicably excited in their hearts, it seems that mainland movies are finally going to really go out, just thinking about the release of this film shot with the strength of the whole country, there is a rush in their chests that they can't suppress.

And this huge change is not only in Chinese theaters, but on the other hand, when everyone has not noticed, another change is quietly unfolding in the American film industry, Chinese film star Meimei officially opened a merger and acquisition with AMC, the second largest theater chain in the United States.

Lei Ting is the head of the M&A team in China alone, with more than 200 people in China alone, and after starting to contact AMC, Lei Ting's acquisition team has hired a huge team of more than 150 legal, financial, asset appraisers and other American professionals, while Li Xiaole is responsible for controlling the overall situation behind the scenes......

First of all, Li Xiaole asked Lei Ting to contact AMC and learned that the board of directors, which had suffered heavy losses in the financial crisis, really wanted to sell the company.

Although AMC is the second-largest cinema chain in the United States, a closer look at their financial performance over the past decade shows that AMC has basically been able to maintain a basic break-even and not make much profit, compared to last year's subprime mortgage crisis, when the business plummeted, and the year lost money1. At $2.3 billion, the company's plans to update theater equipment have also been put on hold.

Although this year's summer season ushered in a "box office frenzy", due to the subprime mortgage crisis, AMC theaters have lagged behind in the construction of 3D screens, and have not made enough profits to get out of the economic crisis, and it is expected to lose $8.7 billion this year.

Jerry López, the company's chairman and CEO, is an old man in his seventies, he started from the lowest level of managers on Wall Street, earned some wealth, and then entered the core of Wall Street, began to slowly accumulate wealth, and finally began to devote himself to the film industry because of his love, after taking over AMC in 1995, he also showed his business ambitions, frequently acquired a number of theater institutions, but due to the rapid expansion, and the blow of two financial crises, he can no longer support it.

So as long as the price is right, he will sell 66% of the company's equity in his hands; AMC also has a 34% stake in smaller partners, who can also help convince those partners if they want to buy it out.

As a result, Li Xiaole's acquisition team obtained AMC's financial statements, which clearly stated the company's income and expenditure, all creditor's rights, debts and assets. Li Xiaole asked the accounting team to make an audit report on this statement, and there was no problem; Next, the appraiser proceeds to conduct a full valuation of the AMC company.

To put it bluntly, the main things to be valued are the physical assets, screens, ground rent, projection equipment, and theater buildings of the 332 theaters, and of course, some excellent human resources.

While Li Xiaole began to prepare for the filming of "The Legend of the Great Sage", he reviewed the audit materials every day, and more than 100 appraisers made more than 300 theaters jump, and finally assessed the approximate value of the AMC theater chain with 5,065 screens at about 2.9 billion US dollars.

In fact, this company is a high-quality company, with $2.5 billion in capital flow last year, the loss is acceptable, and the debt is not much, compared to other small theaters that cannot make ends meet, the situation is much healthier.

After reading the appraisal report, Li Xiaole's acquisition team formally made the first offer to AMC after discussion, which was $2.2 billion, a wholly-owned share acquisition, including 100% equity and debt.

This starting price is not very low, nor too high, and the market capitalization of AMC should be around $2.8 billion. But AMC, on its part, responded with an offer of 3 billion. This is normal, there is negotiation in business, and then it will enter the stage of going back and forth around the negotiation table.

"How? AMC: What is their psychological bottom line? This is a huge problem in front of the acquisition team, even Lei Tingmian was a little hesitant about such a huge acquisition, but Li Xiaole gave an answer without hesitation: "2.5 billion, our purchase price does not need to be higher than 2.5 billion US dollars." ”

This answer surprised the acquisition team, you must know that the market value of AMC is 2.8 billion, how to bargain and it is impossible to cut 300 million US dollars, right? How could Jerry López say yes?

But Li Xiaole is stubborn, let Lei Ting bite this bottom line, although everyone thinks this decision is ridiculous, but Li Xiaole, the actual investor, of course, can only implement it.

No one expected that in the end, after half a month of tug-of-war, Lei Ting kept biting the price and did not give an inch, and finally the two sides agreed on the purchase price, Jerry López and his partners got 2.47 billion US dollars, and Chinese film star Mei got 332 theaters and 5,065 screens from AMC......