Chapter 651: plead guilty
American media, not to mention commercial secrets, can expose them even if they are state secrets.
New Universal's offer of $4.2 billion to acquire MGM has become an open secret.
The news was first reported by The Wall Street Journal: "On August 30, New Universal Group made another acquisition offer to MGM, and the price was raised to $4.2 billion! The transaction is expected to be all-cash."
According to cnbc, the new Universal Group offered $4.2 billion to acquire all the assets of MGM Pictures. If the deal is reached, the film territory of New Universal will be further expanded, and there will be new changes in the pattern of Hollywood. New Universal will overtake Time Warner as the largest film group.
"The Hollywood Reporter" believes that "Dawn Walker is rising rapidly and his ambitions are getting bigger and bigger", "If there is still one person in this world who can save MGM, then this person must be Dunn".
In an exclusive interview with CNN TV, Michael Ovitz said: "The most envied by the industry is its complete industrial chain layout - film and television entertainment, media network, theme parks and resorts, consumer goods derivatives and interactive entertainment The acquisition of MGM will further strengthen the strength of New Universal Group in the film and television entertainment industry."
In any case, just like Dunn wants to build Hollywood's first film museum, New Universal's acquisition of MGM has also been recognized by the entire Hollywood.
MGM has been ruined by Kirk Kerkorian, and it no longer has the glory of dominating Hollywood.
Fallen leaves return to their roots and return to Hollywood.
Rather than being a financial tool in the hands of a casino tycoon, this is a good choice.
Entering September, Dunn finished filming "The Departed" and returned to Los Angeles.
He has become the most popular and most popular person in the Hollywood industry!
As for Sony, which also has a very high interest in MGM, it is not favored by the industry at all.
Sony?
In the past ten years, it has been the biggest joke in Hollywood!
That year, Sony spent $3.4 billion in cash, plus assumed $1.6 billion in debt, to acquire Columbia Pictures for a sky-high price of $5 billion.
Then, it encountered the "playing" of Hollywood.
The top executives of Columbia Pictures resigned on a large scale, and Sony was not discouraged, and spent a lot of money to poach two producers from Warner Bros. - Peter Guber and Jean Peters.
They jointly manage Columbia Pictures.
For this, Sony offered an annual salary of $2.75 million at the time, and set up an incentive fund of $50 million, plus stock options.
Not only that, Sony also spent $200 million to acquire the two people's continuously losing production company at a price 40% higher than the market price, hoping that the two would be loyal.
It's not over!
At that time, Japan had just entered the American market and still did not understand the way of American imperialism. I think that the business environment in the United States is the same as in Japan, and it follows the set of loyalty, trust, and Bushido.
Then, Warner Bros. sued Sony!
It turns out that Peter Guber and Jean Peters still had their contracts with Warner Bros., they were poached by Sony.
The Japanese at this time did not even understand the routine of buying out contracts!
They thought that Peter Guber and Jean Peters had it all.
As a result, Sony paid Warner another $800 million for this!
It's not over yet!
Who is Jean Peters?
He turned out to be just a hair stylist for Hollywood stars. He didn't even finish junior high school. He was not literate enough and had a grumpy personality. Because he could handle the relationship with the stars well, he was reused by Warner;
Peter Guber is better. He has a bachelor's degree in law. He worked at Columbia Pictures, but was fired for his bad style.
He later went to work at Polygram, which ended up losing $100 million in the company's film production business. To a certain extent, this also led to the acquisition of Polygram Entertainment, which was acquired by Seagram Group as a whole, Polygram Records was merged into Universal Music, and Polaroid Pictures was merged into Universal Pictures.
All kinds of resumes have given them a very bad reputation in Hollywood.
Although they often put up the name of "producer" in some famous films, they often have a false name.
For example, when they were producing Steven Spielberg's film "Purple", Spielberg clearly stipulated in the contract that the two were not allowed to step on the set!
What would be the effect of letting these two people run Columbia Pictures?
As you can imagine.
For the next five years, they frantically squandered Japanese money.
Use company money to decorate luxury homes and offices, throw big parties, buy expensive planes, hire high-priced "models" to enjoy life...
At the same time, the formal film business is left unattended, and each film that is released is losing money.
This is definitely the most public and earth-shattering prodigal act in the history of the entertainment industry!
Rare in the world!
In the past few years, not counting the junk physical assets acquired by the two, the cash flow that was lost alone was a full $3 billion!
By the end of 1994, the two of them were finally fired, and Sony announced a quarterly loss of $3.2 billion, the largest loss in the history of Japanese companies at the time.
It is also the largest loss for a foreign investor in the United States.
In the following years, Sony finally realized the self-financing of the film company through a series of management adjustments.
But this year, it's miserable again.
"Charlie's Angels 2" lost a relatively small amount of money. It has two or three years of operation and can still make a return.
But what about "Jedi Boys 2"?
This movie is worthless!
Sony Pictures will lose at least $200 million this year!
Sony's CEO Nobuyuki Idei wanted to curb the excessive development of Sony in the United States, so as not to show a situation where the tail is too big.
Now, Sony Pictures has suffered serious losses, which has made Sony's finances even worse!
Sony's stock price is falling madly, and every quarter the deficit is shocking. In order to make a living, they are auctioning off the headquarters building. In this case, they have to spend extra money to support the film and television industry and acquire MGM?
impossible!
Rao is the head of Sony America, Howard Stringer, who has been persuading hard and repeatedly about the importance of acquiring MGM, but he still failed to convince Nobuyuki Idei.
Nor is it possible to convince.
Can MGM afford such a high price with Sony's current cash flow?
If you can't find an international consortium to back it up, you can only give up!
At the beginning of the year, Kirk Kerkorian spat, MGM entered the auction market.
A number of companies, including Viacom, General Electric, Microsoft, Sony, Disney, Comcast, New Universal, Lionsgate, and Time Warner, have considered buying MGM.
In September, the last bidding company, Sony, officially withdrew.
Only the New Universal Group remains, with an interest in MGM.
New Universal received a reply from Kirk Kerkorian the day after Sony America announced it was withdrawing from its bid for MGM, agreeing to sell MGM!
However, the price has to be negotiated.
Kirk Kerkorian was greedy and asked for $4.5 billion, $300 million more than New Universal's offer.
"fine!"
Dunn was quite satisfied with the result.
After his continuous layout efforts, he finally achieved his goal.
Moreover, the price was $300 million lower than when MGM was sold to Sony in the previous life.
Well, there should be room for price cuts.
...
After the failure of "Jedi Men 2", Jerry Bruckheimer switched to Paramount, and Michael Bay was even worse, and he could only rely on DreamWorks as his last backer.
This golden partner is a complete breakup.
Don't look at Paramount being sanctioned jointly by New Universal and Disney, life is very difficult, but this is far from what DreamWorks can compare.
Now DreamWorks, except DreamWorks Animation Studio, which is a profitable department, all other departments are losing money!
David Geffen, one of the Big Three, has clearly pointed out that he has withdrawn from DreamWorks.
And Jeffrey Katzenberg is also firmly promoting a major move within DreamWorks - to split DreamWorks and DreamWorks Animation!
As the head of the live-action film department, Steven Spielberg was helpless.
He can only pick up some projects or producers that the six giants do not look down on, and work for DreamWorks.
So did John Wu, so did Michael Bay.
No, when I heard that Dunn came back from filming, Spielberg went out of his way and took Michael Bay to the door in person, to plead guilty.
Ella Fisher was reporting this to Dunn, looking very excited, "Dawn, that guy came to admit his mistake! Hmph, I thought that if I found Spielberg, I would be able to turn over, dreaming!"
She has been by Tang En's side since Tang En started her business~www.wuxiaspot.com~.
She knew that there was a period when Dunn faced enormous pressure in all aspects.
Among them, this includes Michael Bay's big words in front of the media!
Taking advantage of his popular influence in blockbusters such as "Brave the Deadly Island" and "Peerless Calamity", he openly criticized Dunn.
During that period, if there was any weakness in Dunn, the Dunn Films might collapse.
There will be no fruit of today's New Universal Group.
Isla Fisher holds a grudge.
Dunn is also reluctant to see Michael Bay.
"If you don't want to see it, you can't see it. It's not an important person anyway." Isla Fisher didn't care.
With Tang En, I saw a lot of big shots. In her eyes, the former director of the annual box office was not worth mentioning.
Dunn waved his hand, "Michael Bay can disappear, but Steven's face must be given."
"I see!"
Isla Fisher stiffened her chest and went out confidently.
...
"Director Spielberg, the boss let you in."
Ella Fisher was wearing a professional short skirt suit, with a compelling temperament and extraordinary heroism.
Spielberg smiled slightly, "That's trouble."
Michael Bay also breathed a sigh of relief and secretly said, "It's okay!"
She showed a smile that was flattering and flattering, and I was very fortunate.
It seems that Dunn is not as vengeful as the legend.
"and many more!"
Ella Fisher suddenly waved her hand and didn't give Michael Bay a good look at all, "The boss said, I saw Director Spielberg alone."
"what?"
Michael Bay was stunned for a moment, his face like a pig's liver.
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(Sanqi Chinese)
