Chapter 228: Sony Picks Up [I]
Phoenix Investment Group's "Statue of Liberty" in the American film and television industry has naturally attracted the attention and expectations of countless people, and all parties are observing what kind of changes the local tyrants who are not bad for money will bring to the American film and television industry when they step into Hollywood. In particular, several other Hollywood film production giants are even more nervous and on the verge of being a big enemy! The U.S. film market share is so large that no one wants to see a new and powerful competitor. Although Tang Bao is a newcomer in the film and television industry, he can't stand up to his family's solid background, and in the face of such an existence, Warner Bros., MGM, Paramount, Universal and other giants are also a little weak-hearted!
Pity.
The parties did not see any changes, but the well-informed people learned that Tang Bao had taken "business as usual" instructions for Columbia Pictures, without injecting capital, without any changes, and even without any further development strategy, and seemed to be very satisfied with Columbia Pictures' current situation. This made Warner, MGM, Paramount and other movie giants breathe a sigh of relief while secretly laughing.
And those fans who expect Phoenix Investment Group to inject huge sums of money into Columbia Pictures to create blockbusters are going to be completely heartbroken.
But.
Soon new news came that Phoenix Investment Group was looking for a new CEO candidate for Columbia Pictures...... "The root cause of business as usual is not that Phoenix Investment Group is unwilling to change, but that it does not have confidence in the current management!" When you find the right CEO, there will be action! ”
"Fake."
Dawn, who got the news, cursed with an ugly face, he is the CEO of Columbia Pictures, and now, Phoenix Investment Group is looking for a new CEO, doesn't it mean that he will be cut first? Knowing that he will be fired in the near future, he is naturally unhappy.
Dawn thought that with the rapid entry of Phoenix Investment Group, he would hug his thighs, and the "thighs" of clinker would not look down on him!
……
"Hmm. Haven't made progress yet? Tang Bao leaned back in the boss's chair and asked calmly. The progress he refers to is naturally the matter of finding a qualified CEO of a film and television company, and success will directly affect the follow-up plan, so Tang Bao attaches great importance to it.
"Nope! Several of the right candidates were not interested in taking on the hot job, and others who were willing were not convincing. Oh, by the way, the headhunter recommended a guy named Davis, who has good ability and experience in the film and television industry, but. I thought about it for a long time and felt that I would rather give up than hire this person. Horst said.
"Oh?"
Tang Bao was surprised that what Davis's experience would have caused Horst to refuse so firmly.
"Davis, who has led four companies in the last 13 years, has a proven track record. However, the four companies were all sued for some of Davis's behaviors, and were chased and beaten by the Ministry of Justice, and even faced huge fines. This is still secondary, and it is rumored that Davis used his position to his advantage during his tenure...... He was also imprisoned for 10 months. There are also rumors that he has privately betrayed the news to the company's competitors. As a result, the competitor won the bid by a narrow margin of $80,000. Horst said.
After a pause, he continued: "There are not only these rumors about Davis, but there are many more, although it is impossible to confirm the authenticity. But I really don't dare to use such a person. ”
"Oh, it's so colorful!" Tang Bao joked, not continuing to pay attention to this person. Apparently. Tang Bao wouldn't rest assured that he would hand things over to such an unreliable guy.
"Give me more time, I'm sure I'll find the right person." Horst Road.
Then, the office fell silent.
"Forget it!" Weigh in for a moment. Tang Bao said slowly, he has a lot of things to do, and Horst's energy should also be focused on Phoenix Investment Group, how can he have time to take care of Columbia Pictures for a long time. What's more, even if Tang Bao and Horst go out in person, they may not be able to do a good job in this film company, rather than continuing to entangle, it is better to decisively change hands according to the previous plan.
Hear the words.
Horst's lips quirmed a few times, as if he had something to say, but he didn't speak. Through the conversation a few days ago, he knew that Tang Bao was ambitious for the film and television industry and wanted to help, but he was a little capable in the field of financial investment, and the management of cross-border film and television companies was a little blind.
"Announcing the sale of Columbia Pictures!" After making a decision, Tang Bao no longer hesitated and ordered decisively.
"Now?" Horst was stunned.
It's been less than a month since Phoenix Investment Group ate Columbia Pictures was about to sell it, which is a bit speechless.
It feels like a child's play!
"Yes, right now. Columbia Pictures is not in a good situation, and if it drags on for a long time, this asset will depreciate! Tang Bao said with a smile.
……
Just when all parties were expecting or worrying about what kind of CEO the Phoenix Investment Group would be looking for for for Columbia Pictures, suddenly, a thunderous news came out, which stunned everyone - Phoenix Investment Group plans to split and sell Columbia Pictures!
What the?
To sell Columbia Pictures, what kind of jokes, to eat it in your mouth, and before you have any digestion, you have to spit it out...... What the hell is Phoenix Investment Group doing? For the amazing move of Phoenix Investment Group, the outside world said that it was incomprehensible at all!
Just in the beginning.
Everyone thought it was a miscommunication, or a joke, but with the confirmation of Phoenix Investment Group, all illusions were shattered.
The message is true.
You heard it right, it's not an international joke, after Phoenix Investment Group acquired Columbia Pictures in the line of fire, it was indeed planning to abandon Columbia Pictures.
……
After several days in the making, the news of Phoenix Investment's decision to sell Columbia Pictures spread throughout the United States.
Investors from all walks of life who are interested in Columbia Pictures' assets have also called Phoenix Investment Group to inquire about the details.
That includes Sony!
Sony is frustrated by Phoenix Investment Group's snatching of their prey, and is struggling to pursue new acquisition targets, when Phoenix Investment Group wants to sell Columbia Pictures again...... Hearing the news, Akio Morita laughed heartily and didn't sleep all night excitedly.
The opportunity presented itself again, and Akio Morita decided to do whatever it takes. It's also about getting there.
With this in mind.
Akio Morita personally rushed to the headquarters of the Phoenix Investment Group to negotiate the takeover of Columbia Pictures, showing much more sincerity than several other investors.
"Tang Jun, we at Sony are willing to bid $3 billion to buy Columbia Pictures and assume the debts attached to it." Akio Morita, who had just met Tang Bao, went straight to the point and expressed Sony's willingness to take over.
Sony takes over......
Tang Bao smiled and said nothing, he expected Sony to be interested, but he didn't expect the old guy Akio Morita to be so anxious, but if he wanted to take over at the original price of $3 billion, it would be a little naïve and cute. Acquisition of Columbia Pictures. He has been busy for more than two months, is it not possible to toss in vain?
"Mr. Morita, it is necessary to remind you that Phoenix Investment Group will not sell Columbia Pictures as a whole, but will sell it separately!"
"Split?" Akio Morita frowned.
"That's right, it's going to be split and sold, and it will be split into three parts: Columbia Pictures Productions, Samsung (not South Korea's Samsung, but Columbia's joint venture with HBO and CBS TV networks, mainly engaged in the television business), and Columbia Samsung Entertainment." Tang Bao introduced with a smile. Originally, he also planned to divide the film copyright of the 007 series separately, but he gave up after thinking about it. He transferred all of the $1.6 billion in debt attached to the company to Columbia Pictures Productions, and if he took away the rights to some important films, Columbia Pictures would be a veritable burden. The attraction has been greatly reduced, and I am afraid that no one is willing to take over.
"Columbia Pictures owns the rights to more than 2,700 films sold for $2 billion; Samsung is the television business unit with more than 23,000 episodes of TV series. and the rights to various popular entertainment programs, which is a very high-quality asset, selling for $2.5 billion; Columbia Samsung Entertainment. It has global distribution and sales channels, and has the burning rights of all film and television resources of the first two, with a price of $1 billion! I wonder what part of the assets Mr. Morita is interested in? Tang Bao asked with a smile.
Horst, Kate and others, who were sitting next to them, couldn't help but twitch in their hearts when they heard Tang Bao's sworn offer, and secretly said that they were still ruthless with their boss.
The assets acquired by 3 billion US dollars were split and sold by him like this, and the total bid price was as high as 5.5 billion US dollars! If it does succeed, it will definitely shake up the investment world.
Equally.
Akio Morita was also stunned by Tang Bao's lion opening, 3 billion acquisitions, and 5.5 billion US dollars will be sold in less than a month, and robbing a bank is not this robbery method. What's even more ruthless is that Tang Bao did not solve the debt problem, but directly transferred the $1.6 billion debt to Columbia Film Productions. In this way, if you want to buy all the assets of Columbia Pictures, it means spending $7.1 billion!
"Tang Jun, as far as I know, you only used $3 billion and a debt of $1.6 billion to win Columbia Pictures, and it has only been less than a month, and it is a little inappropriate to actually raise the total selling price to $7.1 billion...... right" Akio Morita frowned.
"That's not true, although we didn't have a long time in control of Columbia Pictures, but it paid a great price, and we turned around Columbia Pictures' bad situation and put together three high-quality assets. Even Columbia Film Productions, which has a debt of $1.6 billion, has been reborn from a new cocoon, and I think if Mr. Morita is willing to buy and inject a sum of money, there will be unexpected surprises! Tang Bao retorted with a smile.
Shameless!
As soon as the words fell, a thought flashed through the minds of Horst and Kate, they saw for the first time that Tang Bao, who was harmless to humans and animals, showed his treacherous side. Just a simple adjustment and division of Columbia Pictures' assets has become a huge price to pay in Tang Bao's mouth...... And the so-called great price is just Tang Bao's mouth. (To be continued......)