Chapter 552: Series C
Since it is a production company under Disney, it is right to find Katzenberg, it just so happens that DTS's Series C financing agreement has been negotiated, and Song Ya plans to take advantage of the fact that when everyone signs together, he will find him to take down the film adaptation rights and related scripts that have the ability to seize my film adaptation rights, and then say, according to the current situation of Hollywood Pictures, it should not cost two dollars.
But unexpectedly, Katzenberg did not come, only appointed a lawyer to be present, and will clear all the shares in his hands in the C round.
He asked David Geffen, who made eye contact with Catherine, who represented Spielberg, "He?" I'm not available right now. Both of them laughed.
"Is it because The Lion King is about to start painting?" Katzenberg is in charge of Disney's animation department, and The Lion King costs nearly 50 million, which is a very large investment for an animated film, and Song Ya guesses that he must be very tight.
"Yes and no." David Geffen was noncommittal, "Old rule, try to inquire in Hollywood yourself, I believe it is not difficult." ”
In the C round, the valuation of DTS came to 120 million dollars, and Song Ya's shares continued to be compressed, from 12% to 5%, and 7% of the concessions were transferred to the investment institutions that came in the C round at a price of 8.4 million dollars. As an angel round investor, he should actually take an active or passive profit at this point in time, but he still intends to maintain his presence in DTS, and the C round investor also allowed this insistence considering his role in DTS in the record industry and film industry, so the anti-dilution right that Alicia helped win during the B round was not passively used.
If the C round is the last round of financing, after DTS takes about 30% of the shares to issue tradable shares in the future, he will probably have 3.2% of the shares left, of which 3% of A shares, 0.2% of B shares, and the voting rights of each B share are ten times that of A shares, so he will still retain a board seat in DTS in the future, about 5% of the voting rights. Listing in this way of weighted voting rights is naturally insisted on by the founder Terry Beard, otherwise he would not be able to control the company by an absolute majority after so many rounds of dilution.
This is also the first time he has taken back real money from DTS's 250,000 angel investment.
"Pig on the tuyere?"
Goldman Sachs' black executive Smith laughed: "At today's valuation, your angel investment has multiplied more than fifty times, and a pig can't always stand on the cusp." ”
"It can't be counted like that, hehehe......" Song Ya smiled modestly, "I've done a lot for DTS." ”
"Yes, thank you APLUS." The most excited person in the room was undoubtedly Terry Beard, who got up and shook Song Ya's hand, "We started a business together. ”
Indeed, Song Ya used DTS surround sound technology in the first album and subsequent records, such as putting a big DTS logo in front of each MV, just like MJ did for Dolby in the Dangerous album, and the upcoming Dance My Life also uses DTS technology, as the main music song and dance movie, Terry Bilder has seen the sample in advance, and he is very satisfied with the sound effect of the whole film.
Song Ya also helped DTS in other ways, such as A+ Records' insistence on buying DTS equipment and licensing from an early stage, and using her personal reputation to expand the popularity of DTS, which are all costs. And, of course, the efforts of Alicia and DeLay, who were in charge of the negotiations.
"We still need you APLUS, keep being lucky." An executive at Sequoia Capital laughed.
"I hope so." Song Ya suspected that the real reason why they didn't have any objection to their retention of the five percent was that they wanted to think of themselves as a mascot or a lucky charm or something like that, and many people who play stocks believe this, and the whole world is the same.
However, this money cannot be directly obtained, because this is the investment income of A+ Audio, and A+ Audio has pledged part of this income to take the land in Silicon Valley through the Amerika Music Project, "Maybe we should continue to invest the remaining income after repaying the loan in Silicon Valley." Taking advantage of the dismissal of the meeting, DeLay, president of A+ Audio, immediately suggested.
"I'm using that money for another one, you know, I'm spending too much right now......"
Song Ya knew that now his interests and Delai were not completely identical, and Delai would get 5% of the equity incentive of A+ Audio on January 1, 95, and he definitely didn't want to leave with such a large amount of cash when there were still a few months left in the equity.
At present, A+ Audio is still owned by myself, and even if I say, "How much can I get back after repaying the loan and other costs?" He didn't expect A+ audio to develop so well when he promised Delai's equity, and he had a conscience more than most bosses to keep his promise, and he invested in the surround sound industry by relying on the inspiration of the apocalypse, and Delai just found DTS under the big goal he delineated.
"Four million dollars." DeLay didn't insist any longer.
"Okay, transfer it to my investment and rights management company as soon as possible."
His current expenses are indeed a bit big, he has seen half of the 94 years, and he has spent money like water before he has made any investments, and he is pulled by Mariah Carey to buy land, build a house, buy a plane, and give expensive gifts to each other on a festival, and then the engagement ceremony and wedding......
I have an extra son to raise......
"Well done, Alicia." Song Ya shook Alicia's hand as she said goodbye, "Did you relay my words to Will Gardner?" ”
"Yes, I talked to him."
The beautiful middle-aged woman maintained her usual elegance and ability, and she smiled, "Will will not be bad for you. ”
"I don't want to hear anything good or bad, I just need Will to stay away from Tony or my family, if I find out that he continues to bewitch Tony, I will break off the relationship with your law firm." Song Ya warned: "Otherwise, you won't have your share in the DTS listing." ”
"And the fees charged by your Lockhard and Gardner law firms are too expensive." Delai complained on the side, "If you still want to maintain the cooperative relationship next year, it is better for Will to reduce the price." ”
Alicia was a little caught off guard, opened her mouth slightly to look at Song Ya, and then looked at the door of the conference room where the agreement was signed just now, and was stunned for a while before speaking, "I'm sorry?" APLUS, my law firm and I are just here to help you get the best contract we can get. ”
"You also said it was just now, so that's already in the past, and besides, I didn't miss a cent of commission and working hours."
Song Ya turned his face faster than turning the book, "Make sure to let Will do this, okay?" Oh yes, say hello to Peter on my behalf. ”
Leaving Alicia frozen in place, Songya strode away, and when he returned to his residence, Yeremov was already waiting.
"What happened to Katzenberg? Just now David Geffen and Catherine were mysterious. Song Ya asked.
"I heard that he may become the boss of Disney this year."
Yeremov reported the news that he had inquired about, "In April, Disney's vice chairman, president and chief operating officer (COO) Franklin Wells died in an accidental plane crash, and then Chairman and CEO Michael Eisner had a bad heart, and the bypass surgery he had to do was very risky, and he also intended to step down, so he ...... If nothing else, by the end of this year, or at the latest next year, the power of Disney will be vested in Katzenberg. ”
"No wonder he wants to liquidate his DTS shares, at this delicate time, he must pray that there will be no negative news about him personally, right?" Song Ya asked.
"Yes, that's Disney! That's good news for us, at least you can get in touch with him haha......"
Yeremov was happy, "But for the script you asked, it's not a good thing." ”
"How?"
"According to the grapevine about the management reshuffle of Hollywood Pictures, Marklinton, the former president of Disney Publishing, will go to Hollywood Pictures to become president."
Yeremov said: "From the Disney publishing company being assigned to Hollywood Studios, which has been losing money for many years, Linton has been a frustrated player in the power struggle within Disney, and he happens to have a bad relationship with Katzenberg. ”
"Maybe it's Katzenberg's hand? Clearing the way for the top? Song Ya asked.
"I don't know, anyway, buying the movie adaptation rights of that book may be a bit variable." Yeremov said.
"Anyway, let's get a quote first?"
"They won't complete the restructuring until the end of June, and they won't do business until then."
"Uh, okay......"