1novels Chapter 256 The Pursuit of Bloomberg TV
Chapter 256 The Pursuit of Bloomberg TV
The American TV industry is extremely developed, so various professional channels emerge in endlessly, such as professional financial channels.In fact, according to the thinking of the Huaxia people, it would be fine if the financial station should not be classified as a news station?But for professional economists and investors, they need more and faster professional financial information, so a dedicated financial station is necessary.At present, the most popular professional financial channels in North America and also considered to be the most credible are CNBC and Bloomberg TV.
Although CNBC has NBC and also belongs to NBC Universal Group, their NBC has little connection with NBC. The full name of CNBC is Consumer News and Business Channel (Consumer News and Business Channel).CNBC is more of a regular cable channel than Bloomberg TV, because in addition to professional financial news programs and features, they also produce some light-hearted talk shows.However, Bloomberg TV broadcasts important news information and real-time prices around the world 24 hours a day. At the same time, it produces Bloomberg TV for each region through its five major news centers in the United States, the United Kingdom, Turkey, India, and Hong Kong.For the most professional investors, there must be six TV sets in front of him, which are locked on Bloomberg Television International and five regional channels.
After Bloomberg Television Hong Kong participated in the report of "Sony Group's Financial Crisis" by "Establishment", other financial reporters of Bloomberg TV have targeted the giant Sony Group.Americans do not have a good impression of the Sony Group. After all, in the eyes of many Americans, the United States is the suzerain of Japan, and Japan dared to bite the Americans back after being fattened by the Americans.They not only bought the cultural symbol of the United States-Columbia Films and the economic symbol-Times Square, but also almost bought the symbol of the United States in history-the Statue of Liberty.For such an "ungrateful" servant, it is strange that Americans can have a good impression.So when Bloomberg TV Hong Kong kicked off the financial crisis of Sony Group, related topics were directly broadcast live in parallel on the international channel and the US channel.International investors immediately used their most sensitive instincts to make the most direct reaction, and Sony's stocks suddenly fell.
Since Sony is also involved in the Singapore government scandal this time, the Singapore dollar has also encountered resistance in the international exchange market. The "traitorous behavior" of the SPH Sony Group made the Singaporean government and people very angry. After the government apologized, it decisively let the minister in charge of news and culture resign, and imposed a sky-high fine on the Singapore Press Group.After the Singapore Press Group was repaired by the Singapore government, it naturally transferred its anger to the Sony Group. Immediately, the Singapore Press Group sued Sony Pictures Entertainment Group through the International Economic Arbitration Court under the WTO, and paid up to 1.5 million U.S. dollars. compensation.
After this arbitration lawsuit was reported by the media, Sony's stock price, which was already in a slump, plummeted even more.The senior executives of the Sony Group and the elders of the Mitsui Consortium are now even willing to kill the president of Sony Pictures Entertainment Group, but now that scandals are flying all over the sky, it is really inappropriate for Sony to make too many changes.
The plight of Sony Pictures Entertainment Group led to immediate difficulties in the negotiations between MGM Holdings and MGM Pictures. Under the hint of Jade, Kirklian, the current chairman of MGM Pictures, put forward many harsh conditions. , So that the negotiators of Sony, Galaxy and Lions Gate's three companies turned black for a while.Although the negotiators of the three companies wanted to leave in a huff, they had no choice but to swallow their anger due to the lack of investment representatives.
After all, when the three film companies and four investment companies jointly established MGM Holdings, there was a VAM agreement. If the acquisition time is too long or the purchase price is too high, then the four investment companies will take away the three companies at the VAM price. However, if the acquisition is successful as agreed, the four investment companies must provide a ten-year low-interest loan to the three film companies, and must not own shares of MGM Holdings.
The value of the entire VAM agreement is as high as US$68 billion, of which Sony shares US$30 billion, Lionsgate owns US$18 billion, and the remaining US$20 billion is borne by Galaxy.Now that the Sony Group is in deep quagmire, Lionsgate, which has the smallest fund, suddenly feels a lot of pressure.Lionsgate chairman Gusta had to visit Jed again and needed a solution.
"Mr. Gusta, you and I are both people who love movies. But you and I are still businessmen, and it is our nature to talk about business." Jed said lightly, "The debt pressure of Lionsgate wants us to bear it." , why? It was agreed at the beginning that each of us should bear our own responsibilities, but now if we are asked to bear an additional US$10 billion, the Galaxy Film Group will have to face a financial winter for several years! And let us bear it unconditionally, Mr. Gusta As a banker, don't you think it's ridiculous?"
Gusta naturally knew how this young man in front of him made his fortune, he had a vicious vision and dared to do everything he could.Although the American media promotes Jed Sherman as one of the top ten philanthropic tycoons in the United States, one must know that Jed's several large investments have made the local people's lives difficult.How many families have been ruined by Jed's speculation!Gusta naturally didn't expect such a person to suddenly assume his $10 billion debt with good intentions, so he gritted his teeth and said, "That's natural. Loans naturally require collateral. I don't know what Mr. Sherman is looking for?"
"It's very simple, the shares of Lionsgate Films and all the shares of Summit Entertainment you currently own." Jed said naturally.
"Shameless!" Gusta yelled angrily, and then he seemed to think of something, "Mr. Sherman, did you have other thoughts since I asked you to acquire MGM? From the beginning to the end, Buying MGM is just a bait for fishing, isn't it?"
"You're half right." Jed was not annoyed by Gusta's accusation, "Yes, I am indeed interested in Lionsgate Films and Summit Entertainment. After all, my Galaxy Pictures must lack the ability to produce horror films, Comedy and other types of films, and with our expansion, our production capacity has been limited. Therefore, the best way is to acquire one or two mature film companies. I have to say that in small and medium-sized film production In the market, Lionsgate's horror movies and independent movies and Summit Entertainment's comedy movies and youth movies are what we need. Using the stock of these two companies to mortgage a billion dollars, how much? Mr. Gusta is a banker himself , you should know that the mortgage price these two companies handed over to any bank is at most around 10 million U.S. dollars. I did not lower the price to 6 million U.S. dollars. It is the best of humanity, and Mr. Gusta can think about it for a few days."
When he left Jed's house, Gusta's heart was full of anger. He had a feeling of "I would have set my heart to the bright moon, but the bright moon shines on the ditch".He originally thought that Jed loved the movie business as much as he did, but he didn't expect that he was interested in his own movie company.But after thinking about it for a few hours, he had to admit one thing, Lionsgate and Summit are indeed the best choices to make up for the shortcomings of the Galaxy.Now I have been dragged down by the MGM acquisition for 18 billion US dollars, and my bank in Canada is also facing difficulties in turnover due to the financial crisis.No matter how much I love movies, it seems that it is time to give up.
Just one day later, Gusta made a phone call to Jed, "Mr. Sherman, I am willing to sell Lions Gate and Summit to you, and I am willing to assist you in the full acquisition of Summit at a critical moment. My only condition is, Treat my Lionsgate well."
Such a rapid transformation of Gusta surprised Jed, but he had to admit that now is indeed the best time to devour Lionsgate and Summit.With the mentality of repaying kindness, Jed promised on the phone: "If Mr. Gusta's debt problem is still problematic, my East West Bank can lend a helping hand on more favorable terms."
"That's not necessary, I can still hold on to the remaining hundreds of millions of dollars." Gusta said slyly, "I want to write that after Mr. Sherman successfully acquired MGM, he will definitely return it with a more favorable price." Buy my shares."
Jed was taken aback for a moment, he didn't expect that after Gusta lost the nightmare of the movie, his investment psychology was still very clear.Jed, like Kerkorian, is a deeply authoritarian man.Jed definitely wants to completely integrate MGM into his own system, and will never allow any form of joint venture to exist.In Jed's view, autocracy is the best and most convenient method of execution.The survival of modern companies depends on innovation and execution, and execution is the basis for survival, and innovation is the foundation for a good life.Jed doesn't allow the board of directors to have too much shackles on him. The best board of directors is the one that keeps its mouth shut and takes money obediently.After cheating Sony to complete the acquisition of MGM, he will definitely privatize MGM, so the stock option in Gusta's hands will be valuable.
Jed laughed in the microphone: "Since Mr. Gusta is so optimistic about me, I will be disrespectful. But when it comes to that, I hope Mr. Gusta will not overpay."
Just as the Sony Group was in a state of desperation, his only possible ally also decisively sold out his friends.Although Gusta felt a little regretful that he could not stay in the American film circle in the end, he created a brand called Lionsgate for Hollywood after all.Gusta believes that under Jade's management, this Lions Gate will definitely become a famous brand in Hollywood.Maybe when I retire, people will think of Lionsgate movies when they mention Hollywood horror movies?If that's the case, maybe I can count myself as having lived in Hollywood, right?
Regardless of Gusta's mood in deciding to leave Hollywood, Jed's path will continue to go down.After two consecutive weeks of reporting, the Sony Group finally couldn't hold on anymore, and the entire top management held a press conference to collectively bow and apologize.After the high-level admitted that it was true, Sony's stock suddenly became the target of public criticism.However, the investment institution under Jade's name is repeatedly tossing the stock of Sony Pictures Entertainment Group. At the same time, another black hand has also reached out to Sony Group.
Naturally, Sony Pictures Entertainment Group is not a fool. Someone must be operating behind the scenes if its stock is being tossed around like this.Everyone is a person with certain influence, and Sony Pictures quickly caught Jed's pigtail.But when walking down this braid, the people from Sony Pictures broke out in a cold sweat.At this time, they had already been washed by Jed and grilled on the fire. When they were eaten depends on the mood of Jed, the big devil.Obviously, Jed must eat them, because they have seen Jed preparing all kinds of seasonings.