Chapter 62: Legendary Entertainment

BIG NEWS! A consortium led by Sony Entertainment has officially completed the acquisition of MGM Pictures for $4.8 billion! Sony's two film production companies, Columbia Samsung and MGM, have a combined library of more than 7,600 films, which has surpassed Time Warner to become the top six in Hollywood.

At the same time, MGM's 170 Academy Awards have changed hands.

"Miss Yoko, good means! Now we can definitely make a lot of money with such a huge movie library! In the top office of the Columbia Pictures building, Amy Pascal, who is over 40 years old, excitedly holds up champagne and says to a woman from the far East.

"Amy, don't rejoice too soon, MGM's debt should not be underestimated. You have to come up with blockbuster films within two years and optimize the remaining assets, and it's no joke for me to support you as the vice chairman of Sony Pictures Entertainment! Although the Los Angeles outside the window is very warm, Yoko Sakurai's smile is unusually cold and chilling.

"Rest assured, I've invited Tom Cruise and his producers to join us at United States. And prepare to restart the filming plans for the sequels of Rocky, Star Wars, and 007. With Tom's influence and so many fans of classic movies, I believe that MGM will definitely turn a profit! Pascal said confidently.

She used to be an actress and a director. But her achievements in both areas are obviously not as good as her work at Columbia Pictures, during which she successfully launched blockbuster films such as "Shiver Space", "Spider-Man" and "Men in Black 2", actively cooperated with the East Asian market, and also invested in low-budget productions such as "Hidden Dragon and Crouching Tiger", which was a lucrative market for the word-of-mouth market.

Now this middle-aged woman is clearly at the peak of her career, successfully promoted to vice chairman of Sony Pictures Entertainment, and the chairman is just an old Japanese man with a fictitious position.

"It's best not to live up to my expectations of you." Speaking of this, Yoko Sakurai couldn't help but feel a pain in her heart, thinking that she could gnaw down the ant search, and then she could use the capital operation of the market to make a lot of money, but she believed in the wrong agent and lost a mess.

Fortunately, her grandfather trusted her enough, and the Mitsui consortium could afford to lose money, so he sent her to the United States again. If she fails again, then she will have no chance to turn over, and even the head of the family may not be able to suppress those old-fashioned old men.

"CBS News brings you the latest report in Santa Monica, B&P Capital Global Partner Vincent Chen announced to all media that it has officially completed the acquisition of DreamWorks Studios and Marvel Entertainment, plus their former holdings of Summit Entertainment and DreamWorks Animation. It will be integrated into a new film group - Legend Entertainment! The following is a picture sent back from the scene. ”

"I am the 'Hand of God' and I am the legend! So here I am! Chen Bo, who was wearing a white felt hat, a gray plaid wool suit, and a silk scarf around his neck, faced the camera and said arrogantly, standing behind him were Summit Entertainment President Sams, Katzenberg and Spielberg of DreamWorks, and Kevin Feige of Marvel Entertainment.

"B&P Global Partner? No wonder, no wonder! It's really ghostly, do you think you can dress up as an Italian mafia and laugh proudly? Yoko Sakurai became angry inexplicably, cursing and angrily pressing the TV remote. What she didn't hear was the next news: the Milhouse Foundation completed its stake in AMC, the second-largest cinema chain in North America.

"Miss Yoko, what's there to worry about a makeshift company? The peak has a small production cost all year round, although the DreamWorks movie is good, but since its establishment, it has only a library of a dozen movies, what else can Marvel Entertainment do besides selling comic books? The X-Men are in Fox's hands, Spider-Man is in our hands, and the Hulk is in Universal Pictures. ”

Pascal saw that the big boss behind the scenes was unhappy, so he comforted him.

"I'm not worried about this company, I'm worried about this disgusting man!"

"Ahem, he thought it was that easy to cross the line? Every aspect of a film, from project initiation to production, to distribution, is not something that a layman can control, and it is not the kind of code that can be typed out by sitting in an office on the Internet. Pascal said disdainfully, "What's more, a playboy like him, I'm afraid many people will stay away, right?" ”

"I'm going to make him worse than dead! Go down in flames!! When Yoko Sakurai thought of her failure, she was very angry and said coldly.

"Without our help, he is doomed to fail, and not everyone in Hollywood can have fun." Pascal was sure.

"I hope so, I'll leave it to you, I'm going back to Japan." Yoko Sakurai felt a little upset, picked up her kun bag, put on her sunglasses, and walked out of the door of the president's office.

……

At this moment, in Santa Monica, a small town with beautiful scenery in the southwest of Los Angeles, Chen Bo made a bold statement to reporters and informed the new management structure by the way.

He is the CEO of Legendary Entertainment Group, with Katzenberg as CEO, Spielberg as chief art director, Sams in charge of the film distribution division, and Kevin Feige leading the Marvel Entertainment division.

Basically, they were still in charge of the original piece, but the more distribution was left to the summit, and unlike David Geffen, Spielberg sold off the company and only had a significant stake left.

The rhetoric has been said, the responsibilities have been assigned, and the next thing is to hold the meeting behind closed doors.

"In the past, every company had its own shortcomings, but now that we can sit together, we can make up for each other's shortcomings. Big-scale productions and computer animations have DreamWorks, TV series and TV animations have Marvel, and promotional distribution has its peak. While we may not be as entrenched as the Big Six, we still have internet channels to compensate for DVD sales, rentals, and merchandise sales. ”

Chen Bo sat in the main seat and said, "With Rotten Tomatoes to provide us with market acceptance and market data, and Hulu to spread the trailer for us, where is our strength?" And there is a steady stream of capital to ensure our huge investment, so you can do it freely. I don't bother with professional matters, and I will guarantee that all services and support will be provided. ”

This is his consistent style of being in charge, even if he has watched movies for more than a hundred years, he may not be as professional as the people here.

Although Galaxy Pictures is a standout in China, there is a clear difference in the way Hollywood operates, and his strength is to pick up the gaps, not to charge ahead. Whether it was in the previous Ant Search or Manchester City FC, he did it.

Leave professional things to professional people to do, as long as you use good people and control financial risks, others can complete their work without distraction.

He is the brain, and the others are the torso, seemingly the most useless, but the most useful.

Filmmakers, especially artists like Spielberg, hate being dictated the most, and they have their own ideas and obsessions. But they may not be good at managing a company, so it's not surprising that they are losing money.

Since Chen Bo said that he would not interfere with their creative freedom, there is a guarantee over there, and everyone is of course happy to hear it.

Katzenberg is an old partner, and of course he understands his way of being and doing things, otherwise he wouldn't have been in the middle of the merger and acquisition of DreamWorks Films. Sams has also worked together a few times, not too familiar, but at least not unfamiliar.

Coupled with Chen Bo's fame and means abroad, he is trustworthy. Don't look at Sony's early entry into Hollywood, but it has always been managed by professional managers, because Americans hold a grudge against Japanese capital, forming a wave of opposition.

But he is different, in Silicon Valley he is successful, although the American people have a lot of lace and scandals. But also a heroic figure, especially in the hearts of people of color. He donated a huge amount of compensation to maintain a large number of Chinese and black fans, and this TMD is a hardcore brainless fan.

Honorary Mayor of San Francisco, Honorary Citizen of California, Honorary Citizen of New York. Any one of them is enough stinky fart! And there are also two sexy and beautiful American girlfriends.

In the hearts of many people, there is not much difference between him and the Americans, who will come out to resist when they are full.

After the merger, the new company will only retain the original brand and use the slogan and logo of Legend Entertainment to the outside world.

Summit Entertainment changed its name to Summit Pictures, in addition to the upcoming "Brokeback Mountain", there is also "Lust and Caution" that is being prepared for filming, and the movie rights of the best-selling books of the Twilight series that have been purchased, so the next step is to find a screenwriter, find a director and actors to set up a project. Although it is predictable that it is a bad word-of-mouth movie, the subject matter attracts young people, and the box office is not a big problem.

DreamWorks cut some small-budget productions under Chen Bo's initiative, such as "Football Stunner" and "Tropical Thunder", which cost tens of millions of dollars. Only "Transformers", "Letter from Iwo Jima" and "Sweeney Todd" are retained, which are projects that you know are good works when you read the script, although the eggs cannot be put in the same basket, but the funds must be allocated reasonably.

Anyway, these films are not Spielberg's creations, and he doesn't have any opinions, so he cuts them.

The best development is still DreamWorks Animation, none of their works will grossing less than $150 million, plus the recovery of peripheral sales is not a problem, and the endless sequels are enough to eat to death.

The 3rd part of Monster Shrei has been released, Madagascar is also working on the 2nd part, and there is also a kung fu panda that is expected to be released in 08, and it is difficult to make money or not.

The current production cycle is a bit long, Chen Bo is trying to find a way to use cloud rendering to shorten the time cycle and cost, once successful, at least the average 3 or even 5 years to produce an animated feature film cycle can be shortened to about 1 and a half years, if the experiment is successful, it will be a historic technological innovation.

Moreover, the concept of cloud services will be more strongly supported, and the application of cloud rendering in industrial design will be more extensive.

(End of chapter)