Chapter 619: Acquisition of New Lines

Lose your marbles!

Jeff, who has just been directly ordered by the board of directors to be the new president of Time Warner. Bix felt like he was crazy.

Call after call came into his president's office, News Corp., Walt Disney, Viacom, Sony, Wall Street's large and small funds, and banks, all called, and he felt he didn't have enough hands.

But I can't help but pick it up.

Which one can directly enter the president's office is not the same level as Time Warner, or a higher and lower group? Their call is not something that Time Warner, which has already suffered a heavy blow, can refuse.

He doesn't have the skills.

If he can't make achievements as the president of Time Warner, I am afraid that he will soon be out of the way, everyone knows that when a group is in turmoil, the president is the most difficult time.

Bite......

Another phone call came, and he instinctively pressed the answer button, but the next moment, he jumped up, "What, your group wants to acquire New Line and Times Publishing Group?" ”

"You're taking advantage of the fire."

"No...... I need to think about it. ”

Jeff. Bix's heart was moved.

The reason is very simple, although the new line holds the copyright of series of blockbusters such as "The Lord of the Rings", "The Grim Reaper", and "Ghost Street", the "Lord of the Rings" trilogy has been filmed, and the fatigue of the "Death is Coming" series is beginning to be revealed.

Time Warner, which owns the rights to the "Pirates of the Caribbean" and "Harry Potter" series, really doesn't pay much attention to "The Grim Reaper" and "Ghost Street".

Of course. The most important reason is that "The Grim Reaper" and "Ghost Street" are both horror movies.

And horror movies aren't what Time Warner is good at.

Of course, he didn't know at this time that although the "Lord of the Rings" trilogy was over, the prequel "The Hobbit" would once again create a frightening box office, and "The Hobbit" alone would be enough to make the new line lie on the banknotes and indulge in it for another ten or eight years.

The follow-up works of the series "Death is Coming" and "Ghost Street" did not do well at the box office, but they made a lot of money in the videotape market and the online video-on-demand market.

Time Warner has no shortage of series, but Universal - Gold Medal is missing.

Among the six Hollywood giants, Warner Bros. has series of masterpieces such as "Pirates of the Caribbean", "Harry Potter" and "Batman", Sony has "Spider-Man", "007", "Terminator", "Resident Evil" and other series of masterpieces, and 20th Century Fox has "X-Men", "Ice Age", "Wolverine", "Rise of the Planet of the Apes" and other series. Walt Disney has "Toy Story", "Finding Nemo", and a series of other stories.

Paramount has "Iron Man", "Transformers", "Captain America" and many other series of masterpieces.

What's in the Globe? A "Mummy" barely holds up the scene. The "Fast and Furious" series is good, but compared with works such as "Pirates of the Caribbean" and "Spider-Man", they were immediately thrown out of 108,000 miles.

World of Warcraft and Diablo are just getting started, and whether they can succeed in gaining a foothold. To become a series masterpiece, you have to look at the results of "World of Warcraft 2" and "Diablo 2".

Arguably. Among the six giants of Hollywood. Universal is arguably the worst in terms of the production of the series.

If you can eat the new line, this piece will be replenished immediately.

Maybe the Lord of the Rings trilogy is not as good as the Harry Potter series, but with the addition of the Hobbit trilogy. It's time to play the Harry Potter franchise right away.

The eight Harry Potter films combined with $7.2 billion at the global box office, while the three Lord of the Rings plus three "The Hobbits" grossed $6 billion worldwide.

It may sound like $1.2 billion less, but don't forget that the Harry Potter series is over, but the Lord of the Rings series is far from over, as long as the new line is willing, there can be a "Pokemon Diamond" trilogy at any time, completely surpassing the "Harry Potter" series.

As for the "Harry Potter" story, it is as if "The Lord of the Rings" has no other story to film.

Therefore, Li Lin is very optimistic about the offer, and will acquire New Line Films and Times Publishing Group for $1.3 billion.

This price has exceeded Time Warner's internal valuation of New Line Films and Times Publishing Group, and has risen by at least 50%.

In other words, Li Lin acquired New Line Films and Times Publishing Group at a premium of 50%.

He couldn't help but be impressed.

After hanging up Li Lin's phone, Jeff. Bix immediately gathered the members of the company to discuss the deal.

Follow Jeff. Bix's idea is to sell new line movies, anyway, new line movies have been in a slump since the fiasco of "Dark Materials: The Golden Compass", not only burying the profits brought by the "Lord of the Rings" trilogy to New Line films, but also burying the company in this "Dark Materials: Golden Compass", which was completely swallowed up in Time Warner Group, and to this day, they are still relying on Time Warner's blood transfusion to feed them.

For this reason, Time Warner Group withdrew the film investment rights of more than $50 million from New Line Films, and was afraid that New Line Group would release another bad movie like "Dark Materials: The Golden Compass".

But Times Publishing Group is different.

Although the publishing group barely broke even with $320 million in advertising and sales last year, it could not afford to have a worldwide influence like Time Magazine.

It seems a pity to abandon it, but the price offered by Li Lin is very considerable, and he doesn't know how to decide.

"You can sell the new line, but you definitely can't sell the Times Publishing Group." A woman in professional attire pushed her black-rimmed glasses and said, "Magazines are a vital part of our Time Warner territory, even though Time Publishing Group doesn't even have a 20 percent share of that share." ”

"But for us at Time Warner, it's an integral part of it, and once we sell it to Gold Group, it's like bringing a hungry wolf into the market."

"The market has already been formed, and it would be good for latecomers to enter this market to keep their share, how can they expand their share?" A middle-aged white man with a bald head said: "And the price of Gold Group is very substantial, and the $1.3 billion acquisition of New Line Films and Times Publishing Group is a very important deal for us at Time Warner because it can increase our ability to resist risk." ”

Before AOL Time Warner was split, the group had a total of $5 billion in reserve funds to withstand the severe cold caused by the economic crisis, but with the separation of AOL and Time Warner, the $5 billion reserve funds have been much less, and the reserve funds were not enough.

If this deal can be reached, it will greatly improve the dire situation of Time Warner, and all its subsidiaries will play a big role in the economic crisis.

"I think so."

Warner Bros. Pictures executive Jeff. "As a result of the subprime mortgage crisis and the writers' strike, the U.S. market has seen a significant reduction in commercial production in favor of more capital-preserving literary works," Robinoff said. ”

"In a situation like this, the market is already hungry and this is a very important opportunity for Warner Bros.

"So we need the head office to allocate funds for us to shoot a commercial blockbuster."

The bank does not provide loans, and Warner Bros. Pictures has no more than $150 million of its own funds, and they urgently need the capital injection of their parent company, Time Warner, so that they can carry out a series of commercial masterpieces such as "Harry Potter" and "Pirates of the Caribbean" normally.

"Everyone in the company should know that we have signed a contract with JK Rowling's Harry Potter copyright every year, and if we don't start the Harry Potter project this year, then we will pay Ms. JK Rowling a large amount of liquidated damages."

In order to sign the film rights of the "Harry Potter" series, Warner Bros. not only agreed to give JK Rowling a share of the copyright and a large amount of film copyright fees according to the share of Hollywood's top screenwriters, but also promised JK Rowling that the Warner Brothers would shoot a "Harry Potter" series of movies every year.

Once Warner Bros. breaches the contract, it will have to pay a large amount of compensation to JK Rowling.

This compensation fee is enough to make Warner Bros. feel painful, of course, this is not to say that this compensation cost is too high, it is just an unwarranted disaster.

With the gold-absorbing Cheng dΓΉ of "Harry Potter", Warner Bros. wanted to shoot "Harry Potter" immediately, but the company had no money, so it couldn't shoot at all.

In the eyes of Warner Bros. Pictures, the new line movies are a fart, except for the crazy gold-absorbing Cheng dΓΉ of "The Lord of the Rings", which makes them blush, the new line is almost useless.

What, you said the "Ghost Street" and "Death is Coming" series? Do you think Warner Bros. is like other small and medium-sized studios in Hollywood? One "Pirates of the Caribbean" can sling the entire series.

"I also agreed to sell New Line Films and Time Publishing Group." Another person also spoke, "The company is in dire need of funds right now, and we need a lot of reserve funds to deal with the risk of possible deposits and to keep the company running." ”

"Besides, we will wait for the economic crisis to pass, and then we will buy back the sold New Line Films and Times Publishing Group again."

"Okay, since it is unanimously approved, I will immediately contact the Gold Medal Group to sell New Line Films and Times Publishing Group, but the price of $1.3 billion is not enough for New Line Films and Times Publishing Group." (To be continued......)