I’m in Hollywood Chapter 754: It ’s too unreasonable

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"... After signing the contract, ESPN will receive the exclusive broadcast rights of the nfl weekly league and the broadcast rights of the two Super Bowl finals in 1998 and 2001 in the next eight years. At the same time, ESPN will also receive the official event catalog broadcast Right, it is completely legal for the audience to record the nfl league through a video recorder. We can publicly promote this right to users through the TV channel. "In the conference room, ESPN Chairman Steve · Bourne Stan introduced the negotiation results with the National Football League, and then looked at everyone present.

Although he has received the support of Eric, he must persuade other shareholders of Firefly in accordance with the requirements of Eric.

With the absolute controlling power in his hands, although Eric can make decisions alone, he does not want to have too many differences with other shareholders of the company on these matters, which is not conducive to the stable development of Firefly.

Tom Murphy, who had just stepped down from TV Department CEO, had bowed his head and read the documents in his hand. Steve · Bourne Stan briefly finished, he raised his head and first asked: "Steve, ESPN already have an absolute leading market share in the industry Become the first choice of sports fans TV Station. So, do you think we still need to pay a premium of more than 50% and sign an eight-year high-risk contract to win the exclusive broadcast rights of nfl events? "

Steve · Bourne Stan replied: "Mr. Murphy, although ESPN ’s current market share has been far ahead, it does not mean that we can sit back and relax. In recent years, competitors such as NBC, CBS and Fox have begun to increase Even if ESPN has an absolute advantage in channel investment, if we let this situation continue, our market share will gradually be eroded by other TV Networks and slowly lose this absolute advantage. "

Tom Murphy still shook his head slightly and said, "Steve, I haven't seen the relevant report. This sounds more like your personal speculation, and some are too alarmist. The industry advantage of an TV Station is not so easy to be People broke. "

Steve · Bourne Stan Defended: " Murphy Sir, I ’m not alarmist, there has been a very obvious example in recent years, we all know, CNN Since its birth in the 1980s, its position in the news channel industry has ESPN The status in sports channels is very similar. But these years, Fox News Network later came up, this news channel established less than five years News Corp Strong world media network support, market share has reached CNN 50%, at this rate of growth, Fox News Network can achieve CNN Go hand in hand. ESPN The status of the industry is actually easier to break, as long as other media groups have enough courage to constantly grab the right to broadcast the event in our hands ESPN The decline of is entirely predictable. Therefore, buying out the eight-year exclusive broadcasting rights agreement at one time can cut off the possibility of other sports channels of the same type snatching broadcasting resources. This can guarantee that we will no longer have to worry about being threatened by other competitors in the next eight years. "

Warren Buffett also said at this time: "Steve, let ’s talk about the issue of expected income. You mentioned in the report that after you win the right to broadcast the nfl exclusive event, the average annual subscription share of ESPN will increase by 20%. According to this With a growth rate of less than five years, the average user subscription price of ESPN will exceed 2USD, which is already ten times the average subscription price of ordinary cable TV Station. Do you think the audience will accept it? "

“Mr. Buffett, this price increase is a long-term process, and we are not directly targeting subscribers. Our cooperation targets cable TV operators. On the other hand, the basis for ESPN ’s negotiation with the operators is mainly It ’s still ratings. If we have the exclusive rights to broadcast the event, the audience will have no other choice but to watch nfl sports events at ESPN. Then, with the increase in the ratings of ESPN, the increase in subscription share is inevitable. Operators There is also no other choice. "

Buffett nodded with a smile after listening, glanced at another director outside the Firefly system, State Street Universal Fund Chairman David · West, David · West shrugged with a smile, and said: "After listening to the Steve statement, I have no objection The reason for this agreement. "

Eric finally looked at Tom Murphy and Tom Murphy nodded slightly. He has always been a conservative operator, but this time, although he still felt that the plan was too risky, he also realized that compared to possible The benefits, this adventure is well worth it.

"Since this is the case, the plan is finalized. The company will notify you on time of the subsequent contract," Eric said, and then said: "So, since everyone is here today, take this opportunity to discuss Group financial situation in the first three quarters, Carolyn? "

Eric said, looked at the group CFO Carolyn · Elliot, Carolyn · Elliot nodded, opened the document prepared in front of him.

At the end of the morning meeting, Eric and Katzenberg invited Buffett to have lunch at the ABC Headquarters restaurant. When leaving, Buffett pulled Eric aside and said, "Eric, is there time next Thursday?"

Eric was a little puzzled. I thought about it. Next Thursday is November 2. My schedule has not yet reached that day, so I nodded and said, "Of course, Warren, I will probably stay in New York until November 10. Day, you know, after the end of Victoria’s Secret Fashion Show. "

"This is the case, when there is a party, some of my old friends, everyone wants to see you, don't know if you are interested?"

The party of Buffett old friends, Eric immediately remembered the famous Graham disciple party in the investment world. The famous economist Benjamin Graham was respected as the father of modern securities analysis, with a status equivalent to that of the physical world. Ain Stan and Buffett were his students during the Columbia University teaching period, and then Buffett personally organized the famous Graham disciple party. Participating in this party is the top group of entrepreneurs, bankers and funds Manager in the United States investment industry .

As the personal industry continues to expand, Eric knows that it is inevitable for his affiliated companies to intersect with these capital industry predators. Buffett will not invite outsiders to participate in this kind of internal party at will. Since the invitation was sent to him, Eric will certainly not be stupid to refuse. Even if he will not cooperate in the future, it is definitely beneficial to meet these people.

Thinking about it, Eric said again: "Warren, can I bring a companion?"

Buffett smiled and said: "Of course, no problem, this is not too formal party, everyone will bring a female partner."

Eric shook his head and said: "No, not a female partner, I mean, a good friend of mine, Chris · Hansson, he is now helping me manage the Firefly investment company."

This kind of gathering of investment tycoons will not directly help Eric, but it will definitely allow Chris to harvest unexpected network resources, so Eric quickly thought of him.

Buffett pondered a little and nodded: "No problem, that is also a very good young man."

Speaking, Buffett took out the memo and quickly wrote down an address and handed it to Eric, saying: "Next Thursday, seven o'clock in the evening."

Eric took over and received it, nodded and said, "Of course, we will attend on time."

Send Buffett and others to the car and leave. Eric and Katzenberg return to the ABC Headquarters building.

I spent two more days in Manhattan. On October 31, the day before Halloween, Eric rushed back to Hampton on time.

Eath Hampton is basically a resort town. After the summer and autumn seasons, most people will return to their residences such as Manhattan. Women and children also moved to densely populated Southampton before Halloween, although the estate here is much smaller than Eath Hampton. But there are many resident neighbors, and it will also be very lively during the festival.

The driver drove into the manor, Eric got off and walked into the villa, the twins sitting on the sofa in the living room watching TV got up and greeted them, it seems that Drew is also coming to New York, the additional shares of Metro Goldwyn Mayer is scheduled for December 9, Metro Goldwyn Mayer Chairman Frank · Makasso basically stayed in New York during this time, the girl just came today, except for Halloween together, it should also be related to this matter.

With the help of the twins, the windbreaker was taken off. Eric looked at the two girls and asked, "Why are you so deserted, Drew, there are others?"

"Ms. Boss and Pacula went out shopping. Ms. Madsen took the young lady and the young master upstairs."

"Oh, then you continue to watch TV," Eric said, changed his shoes, and walked upstairs.

A living room door on Chaoyang on the second floor was open. Eric walked in and saw Virginia sitting with his back to himself, as if holding a book and reading, surrounded by three little guys.

Smile over and hug Virginia and kiss the woman in a soft voice.

"Ah, you scared me to death," Virginia slapped on Eric and said with a smile.

Eric is lying on the sofa arm, looking at the book in the hands of Virginia: "What do you read?"

Virginia indicated the lower cover to Eric, which is still a "British Encyclopedia".

Eric shook his head and looked at the three little guys. Hawaii was the closest to Virginia. The beautiful eyes were sparkling. They seemed to be waiting for the Virginia to continue reading. The other two were a small look. Emma still looked for help. To Eric, his eyes were watery, and he seemed to be crying at any time.

"Don't you want to listen, come, Papa takes you to play," Eric reached out to the three little guys, Hawaii did not move, but Emma and Kevin rushed up cheering.

Virginia was reluctant to take Eric: "Hey, you take Emma to play well, Kevin stayed, I only read three pages."

Eric helpless: "Do you think my son can understand?"

Virginia still does not let go: "But Xiaxia will read it by himself, Kevin cannot always fall too far."

"You do n’t have to worry about children, the little guys over two years old can understand what you want, you still expect Kevin to take Harvard at the age of three."

"But Xiaxia will read it by himself," Virginia grumbled again, with some grievances in his eyes, and looked at Eric with hatred: "You are partial, Xiaxia is so smart."

Eric is helpless: "It's unreasonable, is this something I can control?"

"Anyway, it's your eccentricity!" Virginia's tone was even more aggrieved. He dropped the "British Encyclopedia" at the feet of Eric, turned his back to Eric, and the whole person shrank on the sofa. (To be continued.)