I’m in Hollywood Chapter 597: Subject limitation
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Out of concerns about hindering media freedom, FCC (Federal Communications Commission) restricted the number of media in a media company in the same region. Early FCC even stipulated that a TV Network cannot have more than two public TV Station in the same region at the same time, but Driven by the development of the times and the influence of capital, these restrictions have been relaxed all the time. Otherwise, the phenomenon of monopolization of news channels by several major media companies North America will not occur.
However, at this time, the restrictions of FCC are still relatively strict. The TV Network network of ABC covers the entire United States. In order to pass the FCC review, Firefly has to promise to divest TV Station, a public youth located in Los Angeles, acquired during the acquisition of Disney, within a certain period .
Solved these problems, and the merger of Firefly and ABC was quickly reviewed by FCC.
Along with the FCC review, Firefly started a large-scale debt financing plan. Firefly has achieved extremely high profits in the past two years, but in order to ensure the company ’s sufficient cash flow, Eric only intends to withdraw 2billion USD cash from the company for this acquisition, and the remaining 8billion USD is raised through the issuance of bonds.
Firefly and ABC TV Network after the future merger have large sums of excellent assets. Coupled with the same stable operating conditions and profit expectations of the two companies, no one will doubt the future solvency of Firefly. Credit rating agencies such as Moody ’s The credit ratings of Firefly are maintained at a very high aa level.
Therefore, for a whole week, Eric was surrounded by executives of investment banks from Morgan Stanley, Bear Stearns, Merrill Lynch and countries from all over the world. After all, bond issuance involving 8billion USD is involved. If an investment bank gets this business, the basic The spreads and the interest margins earned during the issuance process are sufficient for them to obtain profits of hundreds of millions of USD. In the 1990s, the annual profits of most investment banks in United States were only about 1 billion USD.
In order to raise this huge amount of money as soon as possible. Following the advice of Chris, Eric chose two lead underwriters, Morgan Stanley and Deutsche Bank, to undertake bond issuance of 4billion USD, and raised funds in North America and Europe.
I was really busy for a week in New York. Surrounded by a lot of media at the moment, Eric didn't even go to Long Island to see a pair of children who would be one year old immediately. There is no chance to fine-tune the Kathryn while in New York.
On March 21, although the affairs of New York were still inextricably linked, Eric had to take a plane returning to Los Angeles to attend the 66th Oscar Award Ceremony.
The small Gulfstream business jet under the Firefly Inc. landed at the Santa Monica airport. It felt like someone patted on his shoulder. Eric opened his eyes and saw the stewardess tall and slender in front of him. Eric nodded gently. Stood up.
In the week of New York, we have to rest until late at night every day. The only thing Eric wants now is a good night ’s sleep.
I walked off the plane alone with a suitcase and looked at my watch. It was already five o'clock in the afternoon and I felt the warm and warm sunlight above my head. Only then did Eric realize that United States Eastern Time was displayed on the watch. Los Angeles should still be at two o'clock in the afternoon, five hours before the start of the Oscar award ceremony.
As United States is even one of the most important film awards ceremonies in the world, the stars participating in Oscar often have to wait in a few days within the awards ceremonies. Eric thought it would be rare for him to be like this. He just received an award line sent to him by the Oscar organizing committee three days ago, just because the details of bond issuance were being discussed with the acquisition team. Eric just glanced at it for a few moments, and now I basically forget it.
However, fortunately, he is going to award the best film at the end, near the end of the awards ceremony, there will not be too many restrictions on the lines of the award guests, feel free to play, Eric believes that no one in the Academy will find their own accounts.
The Kapoor is the pick-up. Although the identity of Eric has been far from the Director level, matters such as attending events will still be handed over to icm to help arrange.
The two talked and laughed and got into a business car. Kapoor only joked about Eric: "It's only you who are so careless about Oscar, some of the company's stars have heard that they are going to attend. They may not even sleep for several days."
Eric smiled at Kapoor and gestured to her faint dark circles, and said with a smile: "I cannot guarantee that I will fall asleep on Oscar now. By the way, the seat they have arranged for me will not be the first Wait? "
Kapoor said: "What do you think? Who dares to arrange you in a secondary corner now."
"Okay," Eric shrugged: "If I take a nap on Oscar, it is estimated that it will also increase the ratings of the award ceremony."
Kapoor laughed. After a while, he said: "Oh, did you follow the latest Hollywood news?"
Eric shook his head and said: "No, what happened?"
"Last week, Michael Ovitz sold its shares in caa. This morning, Japan Matsushita Group announced the appointment of Michael Ovitz as Universal Pictures Chairman, Michael Eisner is about to undergo heart surgery," Kapoor paused and said: "Michael Eisner ’s heart problem Very serious, I heard that the success rate of the quadruple bypass surgery to be performed this time is only about 75%. "
Both Eric and Kapoor have little friendship with Michael Eisner, not to mention that Eric is also very clear about the results of the heart surgery of Michael Eisner, so there is no idea, just asked: "Did Panasonic not let Michael Eisner leave?"
"Universal's business situation has been improving for the past two years. As long as Michael Eisner successfully completes cardiac surgery, it can still resume its previous working state. Japanese is also waiting for the result."
"I think Universal will definitely get into trouble in the future," Eric said with a smile: "Although Michael Ovitz manages CAA very well, Film Studio is not Brokerage Firm after all. If Michael Eisner can not survive this operation, then Michael Ovitz think It is not so easy to maintain the situation of Universal. It is said that Michael Eisner can successfully complete the operation, then the situation is more fun. "
Kapoor saw a gloating smile on Eric's face and asked, "What do you mean?"
"Although Michael Eisner and Michael Ovitz are very good friends, they are only those who have a very strong desire to control without involving company power disputes. Once Michael Eisner has successfully passed the operation, then Universal Pictures is very good May fall into an internal power dispute, "said Eric, and suddenly asked again:" Yes, has Michael Eisner prepared an employment agreement such as a golden parachute for Michael Ovitz? "
In my memory, Michael Ovitz worked for Disney for more than a year and took away the 100 million and USD separation compensation, because Michael Eisner made a golden parachute agreement with a very high compensation amount for Michael Ovitz in advance.
"It seems that this is the case, otherwise Michael Ovitz will not give up caa so simply to join Universal Pictures. When Sony just bought Columbia five years ago, Michael Ovitz was also invited to take charge of the company. At that time, Michael Ovitz immediately refused."
"This is it," Eric smiled and nodded: "We will wait for a good show, Universal will definitely be very lively in the future."
Kapoor also nodded, but the expression was a little strange.
Eric noticed the look of Kapoor and asked with a smile: "Will you also want to switch to an Film Studio executive like Michael Ovitz?"
Kapoor nodded slightly, without denying it.
Eric is very clear that most of the executives of Brokerage Firm yearn to become senior executives of Film Studio, which not only means more lucrative salary, but also more extensive power.
However, although there are many cases of manager switching to Film Studio executives and producers in the history of Hollywood, there are not many very successful cases. In the memory of Eric previous life, only the Ron Meyer who successfully took charge of Universal Pictures is a stable Film Studio The position of the head.
From the bottom of my heart, Eric does not recommend Kapoor to switch lines, but in the face of Kapoor's thoughts, Eric does not know how to persuade, it seems that it can only be proved by the facts.
"Tell me about Oscar tonight, I have n’t paid much attention. What awards are there in" Pulp Fiction "?"
"There is no big-name Director competition this year, I think Quentin is very likely to get the best Director," Kapoor also put aside the matter just now, said: "However, the most stable should be the best Original Script."
Eric remembers that the best actor of previous life this year should be Tom Hanks, but because Hanks advanced shoots "Saving Private Ryan", "Philadelphia" changed the actor, on Golden Globe Award Eric did not see the best actor of "Philadelphia" 'S nomination, but, thinking of another person, Eric shook his head and said: "So the best actor of John Travolta should also have no drama?"
Kapoor nodded: "Daniel Day-Lewis lost to Al Pacino in the best actor of" My Left Foot "a few years ago. This year he won the second nomination and the chance of winning is much greater than John Travolta."
Although "Pulp Fiction" has surprised the critics and fans, it has no strong competitors this year.
But in the end, Eric still found that because of the limitation of the theme, the probability of this film receiving important awards such as the best film is still very low, and the subsequent facts have proved this point. (To be continued.)