I’m in Hollywood Chapter 695: Almost fighting

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Large mergers and acquisitions involving amounts of up to 4billion USD are far from Elizabeth ’s decision. Even Murdoch needs careful consideration. Although News Corp has been firmly in the hands of the Murdoch family, it is mainly because of Murdoch Excellent management capabilities bring shareholders continuous profits. If Murdoch insists on doing things alone, shareholders will certainly turn to his opposite.

I heard from Elizabeth that Eric retold the idea of ​​acquiring Hasbro. Murdoch flew from New York to Los Angeles. It took a whole day to discuss this matter with Eric, but the result of the negotiation was not satisfactory, News Corp has been focused In the media industry, it has not been involved in other fields for decades, but Hasbro is a toy company that has little relationship with the media.

Although the prospect portrayed by Eric is very attractive, Murdoch is not a Eric after all who has seen the Transformers Box Office miracle in person. old man still chooses it very carefully. After refusing, the final negotiation result was that Fox first bought Transformers's copyright. In the next few years, Firefly can initiate the acquisition of Hasbro on its own, and then both parties will jointly develop a big movie.

In the evening, Eric and Murdoch walked out of Cliff Peak Manor villa side by side, followed by Katzenberg, Elizabeth, Kelly and others. Murdoch waited to fly back to New York directly. Elizabeth made a phone call gesture to Eric on the other side of the Murdoch luxury car. He also got in. As a filial daughter, of course, he had to send his father to the airport.

Looking at the Murdoch car leaving, Katzenberg standing next to him said to Eric: "If Fox alone can let" Transformers "play the kind of profit prospects you describe, I guess Murdoch will certainly not hesitate Merger of Hasbro will not even cooperate with us, but it is a pity that he does not have such confidence. Eric, I think this matter is not necessary to be so troublesome, we can now buy Hasbro alone, Firefly account has sufficient funds. "

"Jeffrey, temporarily dismiss this idea. I have told you my thoughts in recent years," Eric smiled and shook his head, and said: "And, Firefly is now far ahead of other media in Hollywood The group's Big Mac. We should slow down. "

Katzenberg seems to have said that, and has no intention of arguing with Eric, he also knows clearly that Firefly is time to slow down.

In recent days, Firefly ’s 1994 annual financial report statistics were released. Firefly's movie, TV, peripheral, and paradise business segments have achieved a huge operating income of 18.7 billion USD. Although unfortunately, it has not broken through 20billion USD, it has made many people dumbfounded. At the same time, the group achieved a net profit of 1.67 billion USD for the whole year. In 1993, they rose by 62% and 40% respectively, mainly due to the acquisition of ABCTV Station last year, which increased the operating income of 7.5 billion USD for Firefly.

After the acquisition of ABC, after nearly a year of business integration and redundant abolition, Firefly expects 1995 revenue and net profit to exceed the 20billion USD and 2billion USD mark. Such strong revenue and profitability have already set aside Hollywood's other opponents. The most obvious comparison among these is the Time Warner that has stabilized the Firefly in the past few years. Although Time Warner has not publicly announced the financial information for 1994, Eric has seen the relevant information for the first time.

During the entire year of 1994, Time Warner ’s Film Industry service only brought 3.3 billion USD revenue to the group, which was a 40% reduction compared to 1993. Warner Bros. Entertainment ’s highest-rated Box Office film “The Client” also only received 105 million USD Box Office The Lion King, which is lower than North America Box Office 310 million USD under Firefly, global Box Office share is far from comparable to Firefly.

Due to the downturn of the Film Industry business, the entire Time Warner group. In 1994, the annual revenue was only 8.3 billion USD, which was far from the distance of 10400 million USD by Firefly. Moreover, compared with Steve Ross, it has always maintained a stable and profitable good time. Last year, Time Warner experienced its first loss in these years. Although the loss amount is only 91 million USD, it is not worth mentioning relative to the revenue data of 8.3 billion USD, but this is already a very dangerous signal, indicating that the loss of Steve Ross Time Warner Has begun to decline.

Except for Time Warner, Paramount's parent company Viacom, Fox's parent company News Corp, and Universal's parent company MCA are far from comparable to Firefly. Columbia's parent company Sony is much stronger than Firefly, but Columbia after the asset write-down of 2.1 billion USD at the end of last year, the market value of Columbia Film Studio has slipped below 3billion USD, which is not even one-tenth of the media's valuation of Firefly. As for Metro Goldwyn Mayer, it is There is no sense of existence.

It can be said that Firefly is completely in a posture of riding on dust at Hollywood.

Thinking about these exciting data in my mind, Katzenberg could n’t help but look at the Eric beside him. Everything about Firefly today comes from the young man who has a keen eye in film and television media, although Eric is getting more and more Let go of the management of Firefly Group, but everyone in Firefly Group understands that Eric is the soul of Firefly. Without him, there would be no miraculous rise of Firefly today.

Although he served as the CEO of Firefly Group, Katzenberg has always been very clear that he is better at micro-management, and his judgment and control in the general direction of the development of the group. He is definitely not as good as Eric, whether it was the acquisition of Disney's that year or last year. During the merger of ABC, these crazy acquisitions of Eric were met with a series of doubts. Many people speculated that the shallow foundation of Firefly might fall into collapse because of this too violent expansion. But in the end, Firefly not only swallowed these two The Big Mac in the industry has successfully integrated these two companies into the Firefly system.

At this time, Eric made a decision to suspend expansion, not only because he invested a large amount of Firefly Group in investment in high-tech industries such as the Internet, although two large mergers and acquisitions were successfully completed and initially digested. However, the two large-scale mergers still caused some problems within Firefly that would take several years to solve. The reason why these problems did not break out was entirely because Firefly's strong profitability temporarily offset various contradictions.

After Murdoch left, Katzenberg did not rush to go, and returned to the villa with Eric, he talked about a headache in ABC recently.

"After the prime time of 8 to 11:30, NBC and CBS are night talk shows. NBC's" The Tonight Show with Jay Leno "can bring 150 million USD profit every year, and CBS's" The Late Night Show with David Letterman "also has 50 million annual profit. , But ABC's 11-point news program "Nightline" can only earn 10 million USD annually on average. In the past, we had no good choices, but recently, the contract between David Letterman and CBS is about to expire. Robert recommends digging him into ABC David Letterman is also very excited about this suggestion. Our prime time program ratings are very strong and can play a very good leading role in his talk show. But Robert just made this suggestion, and the Chairman David Westin of the Ministry of Information broke into his office and He quarreled, and the two almost even got into a fight. "(To be continued.)