I’m in Hollywood Chapter 214: pit
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Eric gently lowered the coffee cup in his hand and raised his head and said: "Mr. Murdoch, you must have some understanding of me. I am a very stubborn person. If you let me speak, then the conditions I have said will no longer be. There is a slight concession, and if Fox is unacceptable, then both parties will definitely be very unhappy. So, let ’s talk about it first. If the conditions of Fox can satisfy me, I am not a greedy person. "
Murdoch whispered a small slipper in his heart, which is not too greedy, but Murdoch just thought about it and said: "Eric, Fox and Firefly have always been very happy cooperation, so it ’s not so good, I use Fox Film Studio5% The shares of Firefly are replaced by shares of the same proportion. Presumably you also know the market value of Fox. Firefly has a big advantage, so that the cooperation between the two Film Studio can be made closer. I use this price in exchange for the premiere rights of 《Friends》 in the following four seasons The 70% ad share ratio just mentioned remains unchanged, how do you feel this time? "
Eric heard this condition proposed by Murdoch. After a few seconds of Pico Tempted, the feeling of taking advantage was gone.
He heard it very clearly. What Murdoch said was that the shares of Fox Film Studio were exchanged for shares in the same proportion of Firefly, not the shares of Fox TV Network.
Perhaps the public will think that the two companies are one, but Eric is very clear about the difference between them. Although they are currently under the control of Barry Diller, Fox Film Studio and Fox TV Network are completely unrelated companies. The current market value of Fox Film Studio is around 2billion USD, the 5% share value is 100 million USD, and the Firefly5% share is indeed not worth so much. According to the price when merging with the new line, the market value of Firefly is only about 600 million USD. Calculated in this way, as long as Firefly agrees to exchange equity with Fox, it is equivalent to earning 70 million USD.
But things are far from simple.
After Firefly merged with the new line. No matter which film giants of Hollywood, know the possible development potential of Firefly, if Eric film harvest Box Office momentum has been maintained. Maybe it won't take a few years, Firefly's status can be shoulder to shoulder with the seven major Film Studio. Correspondingly, the market value of Firefly will also skyrocket with it, and may exceed Fox.
Eric is very confident, if it goes well, the process will not even take five years. Some time ago, I paid 15% of the shares and a large amount of money to acquire the new line. Eric is quite willing, because it will make up for the shortcomings in Firefly issuance ability, greatly reducing the pace of the rise of Firefly.
5% of the shares can already have a certain say in Board of Directors. After the replacement of shares with Fox, Eric not only did not see much benefit, but would be hampered by it.
And ...
Eric gently pulled the corner of his mouth, leaning forward slightly, and asked the opposite Murdoch: "Mr. Murdoch, how much do you think Fox Film Studio will make this year's profit?"
The heart of Murdoch jumped suddenly, and the heart said it was broken by this little guy?
However, Murdoch still took a chance and shook his head and said, "I don't know this very well. I won't know until the financial report at the end of the year is released."
Eric almost sneered: "Mr. Murdoch. I can calculate it for Fox a little bit. Because Mr. Barry Diller focuses on the development of Fox TV Network, Fox does not have many movies. The big production movies with high Box Office potential are even more important. There is no department. This year Fox is the main three of my movies, 《Pretty Woman》, "Sleepless in Seattle" and "Home Alone 2", 《Pretty Woman》 has been settled, North America 210 million, global 5. 300 million, Fox can get at least the release costs, at least The profit of 70 million USD. Moreover, I personally think that the profits of the next two films "Sleepless in Seattle" and "Home Alone 2" Fox can at least also have 100 million USD, plus other movies and video tapes released by Fox and other peripheral income. Ha, really A good year. Perhaps this year's annual profit of 300 million USD may also be created, almost double that of ordinary years. "
Murdoch heard the summary of Eric. It is inevitable that in my heart, if this is the case, this result will definitely rank first among the seven major Film Studios, even if this year's Warner made a big profit because of "Batman", it may not be able to create such a high annual profit. After the financial report at the end of the year, the market value of Fox will surely usher in a rise.
However, after the surprise, some fluke in Murdoch's heart was completely destroyed, but just asked dryly, "Eric, isn't this good?"
"Of course it's great," Eric said: "So, let's calculate Firefly's profit this year."
Eric said, raised several fingers to count one by one: "《Pretty Woman》, 105 million; 《Running Out of Time》, according to the current Box Office trend, global Box Office can still reach around 500 million USD, Firefly can get around 100 million USD again," Sleepless in Seattle "at the end of the year And "Home Alone2", except for the cost, Firefly can at least get 100 million USD like Fox. Don't forget, I have three other movies to be released at the end of the year, I am very optimistic about the three movies, but even if the three movies Together they can only get 100 million USD. At the end of the year, the same share is 5%, Fox can get 20 million dividends, Firefly can only get 15 million. "
Speaking of this, Eric retracted the arm that stood in front of him, but his heart was very angry. After the original Murdoch proposed the condition, Eric still had a moment of Tempted because of the difference in the share value of 70 million USD, but after such a sorting He found that this special thing was a big pit dug by the old guy on the opposite side.
Swap shares and Fox's acquisition of the first five seasons of 《Friends》's first broadcast rights are seriously different, but Murdoch cleverly confuses these two things, giving Eric an Fox illusion of sincerity. But if Eric really chooses that 5% of the shares, at the end it may not benefit at all. On the contrary, it will pay a dividend to Fox every year because of the profit gap. In addition, there must be a very long sale period for this share. When it can be sold, perhaps the market value of Firefly is almost the same as Fox.
And Fox certainly has the right to take back the shares first, and even when Eric sells the shares back to the other party, the final result is that Fox owns the shares of Firefly, and can handle the affairs of Firefly, but Firefly cannot intervene in Fox. Another point is that after the share swap, the interests of Firefly and Fox are tied together, even if not reluctantly, if necessary, Eric also has to pinch his nose and prefer to cooperate with Fox. It is estimated that this is also the main purpose of Murdoch to exchange shares with Firefly.
If the body of Eric is still the innocent, cowardly, and spirited teenager, perhaps when you think about it, you will definitely get angry with tears in your eyes, and shout: "Too bully. , No longer working with you. "
To be honest, Eric may have just had this kind of impulse full of youthful spirit just because of the residual thinking of the original owner.
However, now this body is still the dominant soul of more than forty middle-aged people, plus the special experience of rebirth, Eric has seen a lot of things relatively lightly, and angered the crown Things for money are even less likely to happen to him.
Of course, Eric is still very angry at this time: "Mr. Murdoch, maybe Fox simply did not want to show any sincerity, then ..."
Murdoch showed a faint wry smile and said, "Eric, listen to me, or do we ..."
"No," if Eric immediately interrupted Murdoch, he was n’t sure if there were any big pits waiting for himself under the conditions proposed by the old guy. If there was no response, then it would be planted: "Let me go, I am not very interested in the shares of Fox Film Studio, but since today is the matter of 《Friends》, let ’s talk about Fox TV Network. I want the shares of Fox TV Network, if Fox wants to get 《Friends》 For the first broadcast rights of several seasons, it must be transferred to my 10% share at the price of 80% of the market value of Fox TV Network before the start of 《Friends》. "
Murdoch was taken aback by the Eric Lion ’s big opening. Although he is called a media tycoon, he currently only owns a little more than 30% of News Corp and News Corp only owns about Fox TV Network80%. The family's share in Fox TV Network is only 24%. If you agree to the conditions of Eric, then Firefly will become the second largest shareholder of Fox TV Network, second only to the Murdoch family. If there is a conflict between the two parties in the future, as long as Eric has the support of other shareholders, it is likely to seize the dominance of Fox TV Network.
Fox TV Network is the most important move that Murdoch has painstakingly made to enter the North America market. In any case, he cannot agree to the conditions of Eric.
To be honest, Eric didn't have such a big appetite. He originally planned to only get about 5% of Fox TV Network shares.
From the collected data, the value of Fox TV Network is now less than 1billion, which is far less than the huge scale of the three major TV Station40 ~ 5billion USD.
But Eric knows that after more than ten years, the scale of Fox TV Station will be side by side with the three major TV Station, reaching more than 30billion USD, and now only need to invest less than 50 million USD, then the 5% of the shares is a huge value exceeding 1.5 billion USD Wealth, and, compared to Film Studio, TV Network's profit is more stable. In the future, he can get a huge dividend from Fox TV Network's annual 1 billion USD profit without doing anything. (To be continued)