Chapter 1446

How could Feng Yu not fight back, and how could he hold his breath?

Although those people are obviously separated from Cheney, there is no direct evidence that this matter can be related to Cheney, but as long as it is not blind, we can know that this matter cannot be separated from Cheney.

At this time, the advantage business of Cheney is PS game machine, digital camera, digital camera, flat-panel TV, mobile phone, computer, music player, etc., which does not include their entertainment business of movies, songs, etc.

In terms of films and songs, Cheney is also the top in the world. Only through better works can Cheney be defeated.

In recent years, the image of Michael Jackson, who used to be the trump card of Johnny, has gradually declined, while his new flag carrying singer has not reached the height of Michael Jackson.

As for the film, with the popularity of CD-ROM, wordy with a huge film and television copyright, the pot full of money. Fortunately, nowadays people are more interested in new films, so the profits of Suoni film industry are gradually decreasing.

The best way is to crack down on the expansion of wordy. At this time, Cheney film industry is seeking to acquire MGM film company, which is the last independent production company among the eight major Hollywood film companies. The company has super IP, such as 007, Tarzan and so on, as well as the massive film and television copyright.

Although there will be few people interested in redistributing these copyrights, there is also a great use, that is, to take them out and remake them.

Feng Yu remembers many remakes in his previous life, and the final box office was a surprise. In addition, Feng Yu still has some classic films in his mind, which need to be produced by a powerful company.

The reason why MGM declined is that the films they made only focus on the plot, not the visual effect. Go to the cinema, of course, I hope to enjoy a visual feast. As for the good plot, can I buy a CD? Or to the video site, pay to watch it?

It's much cheaper than movie tickets to buy CDs or pay for watching, and because at home, it's more comfortable, more free and can be watched repeatedly.

So now MGM's main revenue is to sell CD-ROM, but their CD-ROM production is also handed over to Sony Pictures, because they don't have their own CD-ROM production factory!

Wordy's film industry has taken a fancy to MGM's massive copyright and the appeal of its old movie companies, so it plans to eat it. But in fact, there is not enough cash in wordy film, at least not enough to buy MGM.

MGM is worth 45 billion dollars even if it's down and out, with those copyrights and the brand value of the company. Of course, it's worth tens of billions of dollars compared with other companies.

Zuoni has invested too much money in electronics recently, such as digital cameras and digital cameras to ensure the leading edge. For example, music player products should catch up with Aiwa. For example, the newly joined plasma flat-panel TV camp needs to invest a lot of money. For example, mobile phone sales are declining, so we need to increase investment. Computer sales are declining, and more investment is needed.

Even the video game machines that they have dominated for several years, because of the strong rise of gbox and the upgrading of nonheaven, they have to increase their R & D investment and strive to launch new models as soon as possible.

So despite the fact that last year's revenue was pretty good, I really can't afford to buy MGM.

in the first two years of the Internet bubble, the price of Suo Ni fell all the way. It has just slowed down recently, but it is still over 30% less than the peak period.

Therefore, if chouni wants to buy MGM, he can only do it through financing M & A, which is also a very common way of M & A in the United States.

The acquisition plan announced by Mr. Shuni is also a special leveraged acquisition, that is to use MGM's assets as collateral, issue high-risk bonds, and mortgage loans from banks or other investment institutions.

For example, zoeni needs 5 billion dollars to acquire MGM, but the real assets paid may only need 10 million dollars, which is the strength of leveraged buyout.

But at the same time, if MGM's operation is in good condition and its assets start to increase in value, the company can't share the income brought by asset appreciation until the loans and bonds are paid off.

Many people like to buy this high-risk bond, because the higher the risk, the higher the yield. Sometimes a bond that looks like junk can bring a hundred times yield. Of course, it's more likely that this bond has turned into garbage, a piece of waste paper.

This is equivalent to a kind of gambling, some people like it, some people stay away from it. The success of ecstasy, failure will not have too much injury, as long as the purchase is not much.

In the past, Suoni has joined several investment companies to take MGM, and then, through a series of equity transactions and other means, MGM will be under his control.

This also makes the wordy film industry further grow. In the short term, it brings tens of billions of dollars in revenue for wordy film industry, which is an unprecedented success.

However, it is also an overdraft, overdraft of MGM's brand potential, so MGM fell into bankruptcy again, and was finally left to telescope company.To acquire MGM, not only in film and television, but also in hotels, resorts, cinema lines, cafes and other aspects. Feng Yu is only interested in film and television and cinema. As for hotels and resorts, he has no interest at all. He plans to spin them off and sell them.

At this time, you need someone who is interested in it, like Donald.

"Feng, you say you want to buy MGM? Want me to work with you to complete this acquisition? " Donald has some doubts in his eyes. He usually only invests in real estate and stocks, not in film and television.

"Donald, MGM is not only about film and television, but also resorts, hotels, coffee shops, etc. are you interested in these? Recently, the real estate market in the United States has been rising. " Feng Yu asked with a smile.

The price of real estate in the United States is rising. Donald, as the king of real estate in New York, is also a rising asset. Donald is crazy about real estate.

Donald's eyes brightened. Recently, there has been no good real estate investment in New York. Investing in other places is also a good choice.

"You mean that after the acquisition, the MGM business will be split up, and the real estate belongs to me and the rest to you?"

Feng Yu nodded: "how are you? Are you interested? You know, for the hotel and other property management, our wind and rain holding group has no particularly good talents, so we can guarantee no loss in our hands, but in your hands, we can guarantee to make money! "

"Feng, when shall we meet and talk about it carefully?"

"I'll fly to New York the day after tomorrow. We'll have an interview!"

……

PS: just look at the title. It's ten o'clock today. Unexpectedly, the trump of this book was successful. The old four made a bet with friends and won a meal. )