Chapter 290: Acquisition of MGM "Failed"

Half a month later, "No Thieves in the World" held a start-up ceremony in Beijing, and the most talked-about thing at the press conference was not the director Feng Xiaogang, nor the starring Liu Dehua and Ge Weili, but a newcomer Wang Baoqiang.

This unattractive newcomer was able to get the attention of the media because Chen Lin, the boss of Jade Emperor Entertainment, personally brought him to attend, which is nothing, what surprised everyone was that Chen Lin personally said at the press conference that this newcomer was his newly recognized little brother, please take care of media friends in the future.

If Liu Yifei and Brother Hu are favored, they can still be explained by the beauty of men and handsome women, but how do you look at this Wang Baoqiang is an ordinary person, even if he wears a famous brand, he can't hide that rustic atmosphere.

Last year, Jade Emperor Entertainment focused on promoting Liu Yifei and Brother Hu, the golden boy and jade girl, and this year, this year it is going to push the lucky boy Wang Baoqiang in front of him.

The reporters guessed correctly, Chen Lin proved this with his actions in the next few months, and a month later, Wang Baoqiang ended the filming of the thief-free crew in the world, and Jade Emperor Entertainment announced on the official website that it would tailor a military TV series "Soldier Assault" for him.

Just when the media speculated about the truth of the news, another month passed, and on May 1, Jade Emperor Entertainment officially held a press conference, and the large-scale modern inspirational military-themed film "Soldier Assault" with a total investment of 40 million was officially launched, and its protagonist was Wang Baoqiang.

In the same month, "No Thieves in the World" was completed and entered post-production, and the crew announced that the show would be used as this year's New Year film, waiting for December to meet the audience again.

Time flies quickly, and half a year has passed in the blink of an eye. Students began to enjoy the long summer vacation of two months.

There were two sensational news in this year's summer vacation, one was the listing of Brother Gu.

On Monday, July 5, 2004, Gu Ge was listed on the NASDAQ, and the market value rose and fell on that day, and the final stock price stabilized at $32 billion a week later.

Just when people were talking about the myth that the Internet had once again created wealth, a big news event occurred that brought Hollywood into the United States.

On July 15, CNN broke the big news: Golden Harvest Film and Television, a subsidiary of Jade Emperor Entertainment, announced that it would spend $26 billion to acquire MGM, the most prestigious film company in Hollywood.

"Oh my God!" After the news was broadcast, the Americans were stupid, and the media across the United States immediately sent a large number of reporters to verify the authenticity of the news. Soon, a reporter from a newspaper company risked his life to sneak up on MGM and secretly took two photos. One is Chen Lin, chairman of the board of directors of Jade Emperor Entertainment, entering MGM, and the other is Chen Lin having lunch with Thomson, president of MGM.

Public opinion was in an uproar, and when it was reported that Chen Lin appeared at the Star Entertainment branch in New York, hundreds of reporters surrounded the Star Entertainment building.

Hope for the stars and the moon. Chen Lin finally came out and admitted to reporters that he was indeed negotiating with MGM. He revealed that the negotiations between the two sides were very pleasant.

Almost at the same time, MGM also released a news release, which also confirmed that it was talking to Jade Emperor Golden Harvest about the acquisition.

The news is true. Immediately caused earthquakes in China and the United States, and the Americans were taken aback. When the news came back to China, whether it was on the Internet or on various TV stations, newspapers and magazines all focused on this news.

Phoenix TV's financial channel immediately launched a special program, inviting several experts to explain the significance of this news to the public.

CCTV also acted quickly this time, and the CCTV movie channel immediately broadcast a feature film introducing MGM and Jade Emperor Entertainment Group, in which the past and present lives of the two companies were revealed.

Hollywood has many well-known studios, such as MGM, Paramount, Fox, Warner, United States, Universal, Columbia, and Raiden Hua, known as the Eight Donkey Kongs.

MGM is not the strongest of the eight companies, or even in the top three, but if you want to choose a symbol of American cinema and Hollywood, MGM must be Michel.

For viewers in other countries, you may not know the name MGM, but you will be familiar with his animated logo of the roaring lion, which is called Leo, which was once regarded as a symbol of the United States, as was Coca-Cola.

MGM Studios shot one of the best films in film history, Gone with the Wind, created the enduring screen classic 007, created the immortal cartoon character cat and mouse, founded the Academy of Motion Picture Arts and Sciences, and launched the Academy of Oscars.

You must know that any of the above achievements can make this company immortal, not to mention several myths in one.

In the eyes of all Chinese, MGM is so good, so to buy his Jade Emperor Entertainment is even more cattle, and it is the kind of cow that goes to heaven.

In the evening of the same day, the Central News Network issued an official voice, commenting that this was the largest overseas acquisition by a Chinese company so far, and it was a model for Chinese companies to get out of the woods.

The official media spoke very highly of this acquisition, but at this time, public opinion in the United States was quietly changing. First of all, several Hollywood media shouted "wolf" for the first time. For the first time, Hollywood's giants are feeling the powerful challenge posed by Jade Emperor Entertainment, a Chinese media company.

Following Sony's acquisition of Columbia Pictures in 1989, Hollywood will have another widely influential film company acquired by Oriental for the first time in 15 years. So a quarter of Hollywood's country is not guaranteed, and last time I accidentally let the Japanese dwarf in, did I let the yellow people in again this time, which makes the Americans who have always regarded themselves as the bosses of the world unbearable.

They quickly took action, and eight members of the Democratic Party representing Hollywood's interests jointly proposed a bill in Congress calling on the government to intervene in the takeover, on the grounds that MGM is a symbol of Hollywood, and Hollywood is the spiritual symbol of the United States, and foreign ownership will never be allowed. They also called on MGM to reject the acquisition and called on other Hollywood companies to boycott the acquisition.

Public opinion in the United States began to shift, from initial shock to widespread one-sided boycott of the takeover, calling on the government to protect MGM.

Public opinion in the outside world is becoming more and more unfavorable to the acquisition, and when the acquisition is facing many difficulties, the party Chen Lin did cross his legs in the New York office, and he was not unhappy at all because of the unfavorable situation.

At this time, General Manager Yang of Jade Emperor Jiahe Company pushed open the door of the office and walked in.

"Mr. Chen, we just received the news that MGM has suspended the negotiations, and they will hold a press conference in the afternoon to announce this news, it seems that our acquisition has failed."

Speaking of failure, General Manager Yang laughed, and Chen Lin's reaction was also strange, "Failure is failure." I'm really afraid that the top management of MGM will have the courage to agree to the acquisition in one go, and then we will lose a lot. ”

"Isn't it?" General Manager Yang said with a smile: "In recent years, MGM has been in crisis, I investigated, it is really unbelievable, MGM has lost money in recent years, and his market value is estimated to be less than 10 billion." ”

General Manager Yang sighed: "Who would have thought that this glamorous Hollywood giant also has a twilight time, how similar this is to our previous Golden Harvest." ”

The world is unpredictable, there is no myth of eternal invincibility, this company was founded in 1924, and this year, the 80-year-old company has finally entered the new century.

Due to the lack of any cable TV channels, TV networks or broadband networks, and no media group to back, independent production companies like MGM are naturally controlled everywhere, and most of the films invested are loss-making, especially the box office failure of the war blockbuster "Wind Whisperer", which was heavily invested in in 02, and the company's top management was forced to resign, and MGM was involved in being auctioned.

The legendary movie giant was bought by Sony for nearly $5 billion in debt in 2005. But Sony failed to save it, hoping that MGM's huge library would increase its content chips to promote Blu-ray DVDs, but this plan failed.

By '09, MGM's debt had not decreased, but doubled. Sony also couldn't afford to pay a huge amount of debt and sold again, but at this time, no buyer was willing to pay a reasonable price, and none of the other Hollywood giants bid more than $1 billion, and everyone was waiting for him to file for bankruptcy and then pick up the bargain.

The future MGM has stumbled through bankruptcy and reorganization, and although it has not died out, it has lived a very good life. (To be continued......)