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After the Cannes Film Festival, Lin Mu was not in a hurry to return to the United States, and he stayed on the crew of "Schindler's List" for nearly a week, until he received a call from the head of Dream Company, a big man in the business world wanted to meet him, which made Lin Mu have to end his trip to Europe early. Pen × fun × Pavilion www. biquge。 The reason why he stayed in the crew was just to absorb some experience in shooting historical themes, so that he could learn from it when he created this kind of script in the future.
Warren Buffett, who is over sixty years old, rushed to Los Angeles from Omaha City to meet Lin Mu, which made Lin Mu feel somewhat flattered. Buffett was accompanied by his nephew Carl, in fact, Carl came this time mainly to meet Lin Mu, a young man who was so valued by his uncle.
The meeting of the three of them unfolded in several very relaxed topics, Buffett first and Lin Mu are not investments, but Buffett's own views on Lin Mu's movies, although his views are not professional, but the perspective is very unique, and talking to such a wise man has benefited Lin Mu a lot. But Lin Mu knew that Buffett was probably not just here to chat with him, and the old man had rarely left Omaha City, unless there was something important that had to be handled by him personally.
Sure enough, after chatting about the movie, Warren Buffett changed his words and finally cut to the chase, "I wonder if Mr. has any plans to list Dream?" ”
"Dream is positioned as a venture capital company, and the company's operating procedures will become complicated and cumbersome when it is listed, and the risk of investment is very large, and this loss is not something that everyone can afford. Based on these two considerations, Dream is not ready to go public. Lin Mu replied.
"Non-listed companies are a big problem in terms of capital replenishment!" Buffett said without worry.
"Does Mr. Buffett have any more brilliant insights?" Dream chose not to go public, and Lin Mu had already considered the source of funds, but since Buffett mentioned this issue, he still wanted to hear the high opinion of this investment god.
"I think since Mr. didn't choose to go public, there are only two ways for Dream to come from a source of funds. One is the expansion of its own profits, and the other is the introduction of other capital. According to my observation, the investments engaged in by dream are all cyclical value investments, so there must be a big problem in the liquidity of capital, so I personally think that Mr. is actually inclined to the second method at present, you are actively looking for partners! Warren Buffett's analysis is clear, logical, and to the point.
Lin Mu smiled noncommittally, he did have such an idea, and the investment partner he had considered was sitting in front of him now. Lin Mu seems to have guessed Buffett's intention.
Seeing that the heat was almost over, Buffett said the true purpose of his trip. He told Lin that Berkshire Hathaway hopes to join forces with Dream to form a new fund company. "We can further expand the company's business scope on the basis of DREAM, extend our investment to overseas markets, and build an international financial investment group."
"But Berkshire Hathaway is fully capable of doing this work on its own, and it seems that the development of Dream has not yet reached the point where it can cooperate with Berkshire on an equal footing." Berkshire's industrial kingdom, which has grown into a $23 billion year, has long ceased to be a spinning mill, but has become Warren Buffett's huge investment and financial group. In front of this behemoth, the current dream doesn't seem to be worth mentioning, which is exactly what Lin Mu is puzzled about.
"By the time Dream is on an equal footing with Berkshire, it seems that there is no need for us to work together!" It was Karl who spoke, and he answered the question for Buffett.
"So Berkshire is ready to inject money into Dream?" Lin Mu had already thought of such a possibility.
"I know that Dream has a lot of money now, but this is only in the US market, if Dream wants to make a global layout, it seems that there is still a lack of funds, Berkshire can just fill this gap of Dream, which is the basis of our cooperation at this stage." Warren Buffett told Lin Mu very directly that Dream wants to invest globally, but there is not enough money. Berkshire has plenty of money on its hands, but it doesn't have the right investment projects. The cooperation between the two can achieve complementary advantages.
"And how much is Berkshire going to invest?" This proposal did make Lin Mu a little moved, but he was more concerned about how much Buffett was ready to invest in Dream, and if it was only a billion dollars, he would not hesitate to refuse. It is estimated that Dream will be able to earn back this money in two or three years, and such cooperation is meaningless.
"Berkshire can now pull out about $5 billion in capital!" Carl is the chief financial officer of Berkshire, so it's up to him to answer that question. "And as far as we know, DREAM's total assets will not exceed $2 billion now!" Carl deliberately emphasized this result, and his intention was nothing more than to imply that the strength of the two companies was very different, and the cooperation was actually more beneficial to Dream.
"Most of the companies invested by Dream are in the development stage, and the current market value does not explain anything!" Lin reminded Carl that his calculations were problematic for a fast-growing investment firm.
"This is already the maximum we can come up with at this stage!" Warren Buffett stood up at this time and said that he and Karl knew the potential of the dream. $5 billion may seem like an astronomical amount for other companies, but it may not be worth mentioning for a company like Dream that invests hundreds of millions of dollars at every turn.
"I'm more concerned about how much Mr. Buffett is going to use the $5 billion to get a stake in the company?" Dream wants to scale, as Buffett said, other investments must be introduced, and Lin Mu does need this money now, but he will not lose control of Dream because of this $5 billion. Joint ventures are possible, but the final decision must be made by Lin Mu himself.
"After the establishment of the new company, Berkshire will hold 30% of the shares" details, Buffett left Carl to discuss.
"25%, that's the limit I can accept!" As Buffett predicted before, Lin Mu is indeed ready to build Dream into a world-class investment group, his future shareholders are not only from the United States, but also from all over the world, and the expansion will inevitably bring dilution of equity, so at the beginning, Lin Mu must not give an inch, so as to ensure the independence of Dream in the future.
Carl felt the need to talk about it at all, and Lin Mu cut his stake by 5% as soon as he opened his mouth, which was a sign of insincerity on his part. But Warren Buffett is still thinking about whether his uncle should accept this condition that is obviously like blackmail?
"I wonder if the gentleman plans to bring in other investments?" Buffett asked quietly.
"At this stage, I may only look for partners in the United States, but in the future, I do not rule out the possibility of cooperation with international capital, and I finally reserved less than 30% of the shares for myself, in order to ensure effective control of the company, 25% is already my bottom limit!" Lin Mu calmly told Buffett about his future plans.
This did not surprise Buffett before, so after thinking about it again, he actually agreed to Lin Mu's conditions, but he also put forward a request, whether it is a capital expansion or restructuring in the future, Berkshire must hold the 25% equity stably, and Lin Mu finally agreed to this request.
But Warren Buffett is not the only one who is interested in dream, Viacom's Sanam Lei Shidong has actually shown great interest in this investment company under Lin Mu's name for a long time. In particular, Lin Mu is playing an increasingly important role in Viacom, he can no longer regard Lin Mu as his subordinate, more often than not, Lin Mu is more like his partner, and he decides to keep Lin Mu firmly on a leash!
So when he told Lin Mu Viacom in the office that he was going to invest in Dream, the surprise on Lin Mu's face could be imagined, he knew that Lei Shidong had already discovered the existence of Dream, but he didn't think that Lei Shidong, who was keen on the media industry, would be interested in venture capital. He told Lei Shidong that the risks of investing in Dream were huge, and Lin Mu explained to him the operation of venture capital, and told him that the result of investment was likely to end up being lost.
"I invest in you and not in the dream, I don't really care how much dream can bring me in return, but I care about whether Viacom can keep a talent like you forever!" Lei Shidong told Lin Mu bluntly.
Lin Mu looked away, he was very grateful to Lei Shidong for his respect and trust, but such a hasty investment was not wise in his opinion, because Lei Shidong didn't even know what Dream was for. You must know that before Warren Buffett decided to invest in Dream, he also made the final decision after a year of observation and repeated arguments.
But Lei Shidong is not a person who listens to persuasion, especially the goal he has already identified, basically no one can shake his determination. "I don't care what Warren Buffett thinks, I have the freedom to decide what to invest in. But I don't have as much money available as Warren Buffett, so I can only trade Viacom shares with you. Since Warren Buffett is willing to buy 25% of the equity for 5 billion, then I will exchange 5% of the equity of Viacom for 10% of the equity of your dream company, and you should not suffer a loss in this transaction! "Viacom now has a market value of about $40 billion, and Lei Shidong's opening price is not much different from Warren Buffett.
In this way, the world-famous Dream Fund was officially established in the handshake of the three giants, and the prelude to the glory of the Dream Dynasty slowly opened!
Paramount can be said to be out of the limelight in Hollywood this year, first "Braveheart" and "This Killer is Not Too Cold" occupied half of the North American film market in the first half of the year, and then the summer release of "Strange Jack in Disguise", the investment cost of this film is not high among the several films released by Paramount this year, but its box office results are very gratifying. Jim Carrey is extremely funny in this film, and the special effects of Industrial Light and Magic are also superbly produced, and the two complement each other, and they have broken out of the world in the summer season full of good products, and occupied the North American box office championship for two weeks as a dark horse.
Stanley was originally a timid bank clerk, and Jim Carrey was originally a little-known actor, but when "they" put on a mask with magical powers, they became crazy guys with extraordinary abilities. Thanks to the film's outstanding performance, Jim Carrey's film price soared from $350,000 to $7 million. Due to the success of "Strange Jack in Disguise", Paramount decided to continue working with Jim Carrey, but Lin Mu rejected the plan to use the original crew to shoot a sequel. Jim Carrey's joining made him think of another film, for which Lin Mu found Tom Sadiak, he had a script about a funny detective story, Jim Carrey and Tom Sadiak hit it off, and the two worked together to revise the script, and then "Detective Plane Head" was born.
Paramount invited Sean Young and Courtney Cox, two famous Hollywood actresses, to partner with Jim Carrey, and the film was directed by Tom Shadiak, and Paramount asked the crew to complete all the filming and production in early December, and the film will be released around Christmas.
During the summer vacation, Hollywood also broke a bombshell news, Paramount teamed up with Universal to spend 150 million to shoot a magic movie, which was directed by the famous Hollywood director James Cameron himself, and the genius screenwriter Lin Mu fought commercial blockbusters after "Jurassic Park". As soon as this news was confirmed, it immediately caused quite a stir in Hollywood. "The combination of Hollywood's two giants seems to mark the beginning of a new era," Tamussen, a prominent film critic at The New York Times, said in his column. The industry is focusing on the collaboration between Paramount and Universal, while the public is more concerned about the collaboration between Lin Mu and James Cameron, both of whom are top names in their respective fields, and their collaboration is more than just a spark of passion. (To be continued.) )