Early in the morning, the front desk lady of the light era invited several business elites in suits and leather shoes into the company's conference room.

Wu Yuan and John, who had been sitting in the conference room for a long time, got up to welcome.

"Director Daniel, it's a pleasure that we're meeting again."

"Yes, I'm happy too."

Louen, vice president of Disney's commercial acquisitions, shook hands with Wu Yuan with a bright smile.

Lawne was previously the vice president in charge of film and television production, and when he was filming "Pirates of the Caribbean", Wu Yuan met him several times, and he was no stranger at the celebration banquet, the opening ceremony, and the premiere event.

"So, are you personally responsible for this merger and acquisition?"

Wu Yuan was a little puzzled, such a merger and acquisition case that only involves more than one billion US dollars, it stands to reason that there is no need for the vice president to be responsible for it personally, and it is enough to send a minister-level executive.

"I'm here in person, so I can show how much Disney cares about you, Daniel."

Lawn still had a commercial smile on his face, and said in a very fake tone: "You are one of the most prestigious directors in Hollywood, and the company should give you the respect and attention you deserve." ”

"Although the market value of the Light Age is not high, this is your company after all."

The market value is not high?

Wu Yuan still smiled on the surface, but in his heart he secretly shook his head.

can only be said to be worthy of being the vice president of Disney in charge of the acquisition, but he is really good at talking, and he is the first to come up.

"You're right, in front of Disney, the Light Age is indeed just a small point, and its value is less than one percent of Disney."

Disney's current market capitalization is more than $200 billion, and one percent is more than $2 billion, which is not a small number.

Lawne shook his head with a smile, and didn't answer, just motioned to Wu Yuan, everyone sat down and talked.

In fact, unlike Wu Yuan's imagination, Disney still attaches great importance to this acquisition.

Disney is very profitable, and its net profit in a fiscal year can be around $10 billion.

But among them, the profit proportion of the film industry is insignificant.

Just like before the era of smartphones, selling mobile phones has not been Huawei's main source of income.

Before 2010, Disney's annual revenue was only a billion dollars at the box office, which was only box office revenue, not net profit.

In particular, in 1996, Disney bought ABC, which owns more than 200 affiliated television stations and dozens of radio stations, for a whopping $190.

In addition, ABC owns 80% of ESPN, the world's largest sports media.

Currently, ABC is one of the three major commercial broadcast television networks in the United States.

In 2001, Disney also acquired the FOX Family Channel for $5.2 billion.

So far, the media network business accounts for 40% of Disney's total revenue, and is a real cash cow.

However, Disney also has great ambitions in the film production business.

As a result, Disney, which intends to show its skills in the film field, began to make a deep purchase.

In 2006, 2009 and 2012, Disney acquired Pixar Animation, Marvel Studios and Lucasfilm for $7.4 billion, $4.2 billion and $4.1 billion, respectively; The three acquisitions cost a total of $15.7 billion.

It can be seen that Disney is determined to make efforts in the field of film production and to operate the film industry as an important pillar industry.

In this way, Light Times, a financially healthy and lucrative independent film production company, naturally makes Disney pay a lot of attention.

Light Age may not have a large number of anime and comic book IPs like Pixar, Lucas and Marvel, but Light Age has rich experience in film production and shooting, and its practitioners can be regarded as elites in the industry.

This talent, coupled with the live-action movie IP in hand, is the greatest wealth.

As we all know, if Disney's IP is not Marvel's superheroes, the rest are all cartoon and anime IPs, and the only influential live-action movie IP is "Pirates of the Caribbean".

It wasn't until the acquisition of Lucas Films that Disney got its second heavyweight movie IP, the "Star Wars" series.

The "Hangover", "Twilight" and "Ace Agent" series in the hands of Light Times are all influential movie IPs, plus the "Hunger Games" series, which makes Disney covet it even more.

"The details of the acquisition have been exchanged between us and us in the previous months of negotiations."

"Daniel, we at Disney will wholly acquire Light Times Pictures at a valuation of $1.2 billion, including its IP rights and all film and television adaptation rights."

"Do you agree with that?"

Lawn started the negotiations on a businesslike basis and came up straight to the point.

In fact, before today's meeting, the two sides have been talking back and forth through deputies and subordinates for several months, and the specific acquisition contract has been almost negotiated, and now there is only one final confirmation left, so there is this meeting between the bosses of the two sides.

"I have no opinion on the wholly-owned acquisition, and I am quite satisfied with the price of 1.2 billion."

"But I have one request."

Wu Yuan shrugged: "This acquisition must not take effect until August next year." ”

"Before that, I need to clean up the company's hands and tails."

"And my new movie, The Martian, will also be released at the end of this year, and it will take a buffer time."

Before this, John had actually talked to Disney, and he also said bluntly that Wu Yuan would siphon out all the company's liquidity, indicating that he would only sell an empty shell.

It was also because Disney accepted this request that it became the last one to have the last laugh among the dozen or so companies that came to negotiate with the Light Age for acquisition.

Of course, it was also because Wu Yuan only planned to leave an empty shell, except for personnel and copyrights, and did not leave a dime for the company he took over, so Disney gave a low-cost acquisition of $1.2 billion.

Otherwise, Pixar Animation, Marvel Studios and Lucasfilm can get the acquisition price of $7.4 billion, $4.2 billion and $4.1 billion, and it makes no sense that the light era is only 1.2 billion, although the light era really can't be compared with the above three, but under normal circumstances, it is no problem to sell more than 2 billion.

"Daniel, I don't know why you would choose such a troublesome trading model."

Lawn sighed and said helplessly: "2.5 billion US dollars, isn't it good to buy it out at a fixed price?" ”

"All you need is your nod, and we can sign the contract right away, and $2.5 billion will be on your private account within a week."

"You don't need to bother to siphon out the money in the accounts of the Light Era, and you don't need to go to the publishers who haven't settled the accounts to ask for money, we Disney will take over all the troubles for you, how simple is it?"

"You will definitely not suffer at this price, I think the current liquidity in the light era and the accounts that have not yet been received add up, and it is not 1.3 billion, right?"

To be honest, not only Lawn, but John also didn't understand why Wu Yuan insisted on such a deal, and he had to delay it until August next year.

"Lawn, I actually want such a simple deal."

Wu Yuan said with a smile: "$3 billion, as long as Disney comes up with $3 billion, I will directly give up everything in the Light Era, how about it?" ”

"Daniel, you're too greedy, the Light Age isn't worth three billion dollars, even if you add your new movies that haven't been released yet, it's not worth it."

"Then it looks like we're going to have to choose the first way to trade." (End of chapter)