After a fierce competition between Masaha and Choi Jung-won, the final result was that except for the Sifang Group, all the other shareholders were able to get rid of their burdens and get rid of the bitter sea of MGM.

But because of their struggles, MGM missed the best opportunity for bankruptcy protection.

The time dragged on until June of this year, and MGM, which was heavily in debt, finally made Sony feel tired.

In addition, because of the acquisition of Sony Ericsson, Sony's family has been completely empty.

In order to hold on to the operation of the parent company, Masa Immediately had to get rid of the heavy burden of MGM.

As a result, Sony filed for bankruptcy protection against MGM in the Western United States.

But what makes Masaya Tsumi jump on his feet is that A.P, which is MGM's second largest shareholder, does not agree, and they prefer to take another measure to deal with MGM's situation, that is, bankruptcy liquidation.

Bankruptcy protection and bankruptcy liquidation are two very different measures for enterprise bankruptcy. And the difference between the two methods will not be the same in the end.

In the case of bankruptcy protection, the debtor will be given an appropriate buffer time, come up with a time limit and method for debt repayment, and at the same time can find a home for the debtor enterprise.

In the case of bankruptcy protection, Sony will not only be able to get out of MGM, but will also be able to obtain a certain amount of funds through the handover of the company.

And if it is bankruptcy liquidation, then the method is much simpler and crude.

Accepted by the liquidation group, the company's existing property is liquidated, evaluated, disposed of, and distributed.

The liquidated property will be used to repay creditors, and the enterprise will disappear completely.

If this is done, the billions of dollars thrown directly by Sony will be equivalent to a complete waste. Although A.P's losses are not small, they are definitely not among the unbearable ones like Sony.

Cui Zhengyuan's intentions are not vicious, which is equivalent to cutting a piece of meat on Sony's body again.

Of course, Masaya is not stupid, and naturally will not agree to bankruptcy liquidation.

The views of the two sides are not in agreement. For a time, there was a limited stalemate.

Originally, Masaki planned to use the decision-making power of the first shareholder to forcibly push MGM into bankruptcy protection proceedings.

However, he was caught off guard by a fact: A.P suddenly united with the remaining shareholder, the Sifang Group, and the fact that the joint equity was the first, also forcibly entered MGM into bankruptcy liquidation proceedings.

It was only at this time that Tsumi Zhengya realized that the shareholder who stayed behind while everyone else was running away was actually Cui Zhengyuan's foreshadowing.

Because this Sifang Group is actually a Chinese enterprise, and its main business is actually a chemical company, and its predecessor is still making fertilizers.

Who knows why a local chemical company in China would own a three-percent stake in MGM?

It is precisely because of these three percent of the shares. In this most critical decision, A.P will overtake Sony's shares.

When the bankruptcy liquidation was cleared, the situation developed and the company was completely unable to cope with it.

With MGM's vast portfolio being auctioned off, the end of the old Hollywood giant is at hand.

Later, the situation that Masaki was most worried about happened, and the West Coast Labor Association and the U.S. court jointly came forward to demand that Sony, the largest shareholder, make proper arrangements for the employees left behind by the company.

To put it bluntly, it is to make Sony pay money to compensate these employees who have lost their jobs.

But the problem is that Sony has no money. All the proceeds of the bankruptcy liquidation are used to pay off debts.

What's more, many of the employees have been working at MGM for many years and have a deep affection for the company. The sudden loss of their jobs makes these people emotionally unacceptable.

Plus unemployment at the same time has not been compensated. The anger of these people exploded completely.

That's what Mr. Choi saw today, with groups of MGM employees holding a grand demonstration to protest the company's disregard for their rights.

Things have entered a new stage, and Choi Jung-won has temporarily put down the movie thing. Start paying attention all the way.

The occurrence of the demonstrations has attracted the close attention of the California government.

That evening, the California Department of Justice and the Workforce Security Association met with Mitsuo Ikeshita, the head of Sony Corporation, and Lee Hyo-seong, the head of A.P. Corporation, respectively. They are ordered to properly resettle unemployed employees.

Otherwise, the U.S. judicial and commercial departments will impose severe sanctions on both companies.

Both Sony and A.P have a deep sense of vigilance about this.

So in front of the investigators sent by the United States, Li Xiaocheng came up with a perfect solution on the spot.

The positive attitude of A.P Company made the American judicial officers very satisfied, and they left satisfied.

But Sony's side is struggling, and they are not mentally prepared for the development of the situation at all. Most importantly, they are shy in their pockets.

In the face of repeated questions from the labor association, Mitsuo Ikeshita could not come up with appropriate countermeasures at all.

Eventually, the staff of the labor union was disappointed. Obviously, they will report what they are encountering.

Strictly speaking, in fact, it was not A.P that cheated Sony, but the United States.

In the international political and economic spheres, Japan is no different from a vassal of the United States.

No way, who called them a defeated country. Without the support of its own force, it can only be slaughtered by others.

Over the years, the United States has always had a tradition of dumping a company on the Japanese side as soon as it does not do well or is heavily indebted.

At first, Japanese companies did not realize that there was a problem, but they were excited to acquire large international companies with capital.

At that time, many Japanese people felt that their country's companies were so great that they could acquire well-known companies in Europe and the United States.

This is a symbol of the growth of Japanese companies.

As for Sony, the acquisitions of MGM and Columbia Pictures are all the same.

When they held these thunderous large enterprises in their hands, they suddenly found that these enterprises turned out to be heavy burdens.

Instead of helping Sony build up their muscles, these companies have become a constant burden on Sony.

Although it is said that Japanese companies such as Sony are responsible for the deterioration of the US economy, the lighthouse countries that cook seeds in oil are not grateful at all.

When Sony was ready to slim down and travel again, they were the first to jump out against it.

According to the statistics of the financial department, the settlement fund for thousands of unemployed employees will require at least more than $500 million from Sony.

This is definitely a burden that Sony cannot afford now, unless they sell other assets.

Masamasa Takami, who learned the news from far away in Japan, smashed his beloved vase as soon as possible, and carried out the most vicious curse on the ungrateful Yankees.

His instructions to Mitsuo Ikeshita were to stand up, anyway, this time the U.S. Department of Justice and the Labor Association are not only pursuing Sony's family.

He didn't believe it, could it be that Cui Zhengyuan would come out with hundreds of millions of dollars so easily?

In the face of urgent questioning by the judiciary and labor associations, Sony is under tremendous pressure.

Even though the demonstrations of unemployed employees have attracted the attention of the whole world, Sony has decided not to be ashamed to hold on this time.

Masaya's idea is to see who Sony and A.P can't bear first.

It wasn't until September 13 that the U.S. Department of Justice announced that if the two MGM shareholders did not have a concrete solution the next day, they would completely terminate the business of the two companies in the United States.

His secretary rushed into his office as if he had seen the end of the world, and found him the American News Network, which directly turned Masaya Tatsumi into a mummy-like stupor.

Previously, during the liquidation and sale, Telescope Entertainment, an independent studio that acquired MGM's label and copyright assets, announced that it would merge its two subsidiaries with the acquired MGM business to form the new MGM company.

In order to ensure the smooth completion of the reorganization, Telescope Entertainment Company absorbed the well-known investment company Green Olive Investment Group to join.

The equity distribution of the newly formed MGM Motion Pictures is 68 percent for Green Olive and 17 percent for Sifang Group. Telescope Entertainment owns 15 percent, but has the right to operate.

Bobble Barber, the founder of Telescope Entertainment, will become CEO of the newly restructured MGM Motion Pictures and will be fully responsible for the company's operations.

In addition, the new MGM announced that it would take in all former MGM employees who had previously lost their jobs.

In addition to providing jobs for these employees on a merit-based basis, employees who are not suitable for the new company will also be properly placed by the telescope company.

The MGM labor incident, which was originally in full swing, has been properly resolved because of the sudden rise of the telescope entertainment company.

But seeing the righteousness of this news, the churning in my heart is really difficult to vent.

Who doesn't know that Green Olive Investment Group is Cui Zhengyuan's private property, that is to say, this time MGM was bankrupt and liquidated, and he was once again tricked by Cui Zhengyuan.

Although A.P may have lost no less than Sony this time, the most serious thing that Sony has lost is not money, but people's hearts.

Cui Zhengyuan used a trick to confront the attrition, and successfully aroused the conceit of Immediately Jianzhengya.

In the end, a trick came to transfer flowers and start a new stove, but the exhausted Sony was left there.

Although A.P was the main culprit in the bankruptcy liquidation and the loss of employees' jobs, their proper resettlement was later praised by everyone.

On the contrary, Sony, who is inactive and cold-blooded, has completely offended the American political circles, business circles and people.

In the future, their living environment will become more and more severe and dangerous, and the critical moment that determines Sony's life and death has finally arrived. (To be continued......)