Chapter 732： Fox

"cbs?" Tang En shook his head, a little speechless, "I want to buy it, is Redstone willing to sell it?"

Now, the market value of the entire Viacom Group is less than $30 billion, including three major business sectors: Viacom, Paramount, and cbs.

According to the current market estimate, the price of cbs is 15 billion US dollars.

However, five years ago, Viacom acquired cbs and paid a astronomical price of 37 billion US dollars!

Even if Redstone's brain is flooded, it is impossible to sell cbs at this time.

A dead camel is bigger than a horse!

Even with such a sexual assault scandal, CBS still has a market share of 26%, which is higher than NBC's 25%.

The market valuation of nbc can reach 28 billion US dollars.

So what should the real value of cbs be?

At the end of last year, Comcast was interested in buying CBS, but as a result, it was rejected by Redstone unceremoniously, and he also scolded Roberts and his son.

Second, Comcast launched the acquisition of nbc.

Jeff Zucker still didn't give up and said, "As long as our price is in place, we will definitely be able to impress Redstone!"

"Forget it, don't rush for a while, let them toss."

Dunn waved his hand and decisively refused.

The current valuation of New Universal is about 60 billion US dollars, which is higher than Disney, because the performance growth is too good, and there are potential businesses such as Dolby Laboratories, Blizzard, Netflix, Pixar, imax, and starz TV.

However, cash flow is poor!

Comcast buys a 49% stake in NBC in exchange for at least 10% of Comcast shares, a large cash payment, and a large debt.

For Comcast, that's fine.

Because of Comcast's growth potential, it is no different from nbc.

However, the new world is different!

Using the shares of New Universal to exchange the shares of nbc or cbs, is this not a brain?

New Global's growth potential, will it be worse than Apple's?

Therefore, the acquisitions in the past few years have mainly been cash acquisitions. Only when acquiring Pixar and Dolby Laboratories, they took out part of the equity transactions.

This is also the fundamental reason why Dunn has not made mergers and acquisitions of tens of billions of dollars worth of heavy assets such as nbc or cbs.

What a loss!

After a few years, the new global valuation will further increase, let's talk about it!

"We don't bid for nbc, cbs...they don't sell, don't they..." Robert Iger pondered, and there was a bit of surprise in his eyes.

Jeff Zucker also reacted and looked at Dunn in surprise: "Is it Fox Network?"

There are three major television stations in the United States, nbc, cbs and abc.

However, then another god-man, Barry Diller, appeared.

He single-handedly broke the oligopolistic public television industry and created the fourth largest television network in the United States - fox!

At present, the market share of abc is about 33%, the market share of cbs is about 26%, the market share of nbc is about 25%, and the market share of fox is about 14%.

In the more than ten years since the birth of the fox TV network, the market share has been hovering between 10% and 15%, which has not caused a real market impact on the three major TV networks. However, it has indeed grabbed a living space.

It belongs to an embarrassing situation where it is insufficient and more than the next.

Of course, this is an oligopolistic industry. The public television station that is worse than Fox is the local public welfare station in each state. The total audience rating of all the stations will not exceed 2%, which can be ignored.

Tang En said with a smile: "The Fox TV network is in the hands of 20th Century Fox. It's a bit of a...

Robert Iger squinted his eyes, suddenly realized, and said, "Yeah, for New Universal, whether it's nbc or fox, what's the real difference?"

TV station, what is the core piece?

is the content!

Only high-quality TV programs are the key to this free TV station grabbing market share!

Three years ago, abc's market share was as low as 25%, which was comparable to that of nbc, but cbs' share was as high as 35%!

But now?

The situation is changing, abc is the leader of the market, cbs has been reduced to the same level as nbc! Even, as the sexual assault scandal continues to ferment, and Comcast's efforts in the wireless TV market, nbc is likely to overtake cbs!

What is the reason?

Because abc got the trump card variety show "American Idol" from New Universal, as well as many other TV shows.

It is the content of New Universal, which helped abc become the largest TV station in the United States!

Otherwise, Disney would not be able to follow Xin Universal as a younger brother.

New Universal can make abc reborn, and naturally it can also bring the fourth-ranked fox to the sky!

Jeff Zucker said excitedly: "Fox TV? Good, good! It is the genes of New Universal to face difficulties. If we can make Fox the largest TV station in the United States, it will be even more proud!"

Robert Iger said with a smile: "Yeah, Diller worked so hard to build the Fox TV network. As a result, he was swept out by Murdoch. If he knew the news, he would be very happy."

Make Barry Diller happy, it's really just vassal.

Tang En shook his head and said sternly: "And the main purpose is Marvel!"

"Marvel?"

"Film and TV are two complementary core businesses of Twentieth Century Fox, and they cannot be separated. News Corp does not allow this either. In this case, Twentieth Century Fox can only be packaged and acquired!"

Robert Iger and Jeff Zucker blinked and understood what Dunn meant.

This is to eat a fat man!

In terms of market value, 20th Century Fox is about the same as NBC.

However, under the banner of 20th Century Fox, not only the fox television network, but also the fox film industry.

The content industry is richer, and the help to New Universal is even greater!

Take a look at the assets of nbc. There is a publishing department, 12 newspapers and periodicals, and a radio department... These junk assets are all burdensome.

Twentieth Century Fox is a bargain by comparison.

More important reason - Marvel!

With the launch of "Spider-Man", Marvel's superhero movies have officially entered the mainstream American film vision.

At present, three directions have been initially formed: the "Avengers" series, the "X-Men" series, and the dark Marvel series that focuses on the dark epic genre.

Among them, the copyright of the "X-Men" series belongs to Twentieth Century Fox.

How wonderful would it be if the "X-Men" could go home and the entire Marvel superheroes could live in the same universe?

For countless Marvel fans, will they cry with excitement?

Taking advantage of the fact that the universe structure of the "X-Men" series has not yet taken shape, decisively eat 20th Century Fox.

It will allow Marvel Studios to complete the real unification!

The acquisition of 20th Century Fox can kill two birds with one stone and kill two birds with one stone!

"But...will Murdoch sell Twentieth Century Fox?"

After a brief surprise, Robert Iger asked a slightly cold question.

Now 20th Century Fox, the performance is booming!

News Corporation is also in full swing!

aol Time Warner is the world's most valuable media company, and with the help of New Universal, Disney's market value is approaching $50 billion.

However, News Corp. has been favored by investors because of its acquisition of directv. Its stock price has soared, and its market value has reached as high as 66 billion US dollars!

Higher than the valuation of New Universal.

Under this situation, is it possible for New Universal to grab food from News Corporation?

Tang En said lightly: "Don't worry, Rupert... He will sell it."

Robert Egger was stunned for a moment, with a shocked expression on his face, and said eagerly: "Don, don't be fooled, we have enough troubles, don't involve more people! No, I have to talk to Barry. !"

Now, Dunn has provoked two media tycoons, Redstone and Ted Turner. Although he has the upper hand, he has not grasped the advantage.

No more troubles!

At this time, Redstone is about to kneel and Ted Turner is crying. If Murdoch is provoked in, and the three old guys join forces, even if New Universal has Disney as an ally, they will not be able to resist!

"Okay, okay, am I that reckless?" Tang En glared angrily.

Robert Iger hesitated: "You..."

Tang En said angrily: "The current market value of 20th Century Fox is close to 30 billion US dollars. Even if we want to buy it, we can't eat it! Let's talk about it in a few years!"

Robert Iger breathed a sigh of relief and nodded again and again: "Yes, yes, it's not too late to attack Murdoch when Redstone and Ted Turner have both stopped"

Tang En gritted his teeth angrily: "Who said that we have to go against Murdoch? Is normal business dealings not enough?"

"haha."

Robert Iger pouted, not believing at all.

Isn't Tang En's growth all the way the result of the struggle all the way?

First, he fought with Fox Pictures, which laid the foundation of Dunn Pictures in Hollywood; and then fought with Disney, which established Dunn's status in Hollywood.

Next, is the giant Viacom Group!

Now, even Time Warner's Ted Turner is on board.

This is the fighter!

"Okay, let's all go back to work. Comcast's acquisition of nbc has nothing to do with us, let them make trouble. When the time is right in a few years, it's time for us to invade the public television field!"

Dunn waved his hand and looked at his watch.

It is already nine in the morning.

According to the agreement, Eva Green, the French beauty he coveted for a long time, is coming soon, right?

Because of the fame of "Dream of Paris", Eva Green was favored by Hollywood and got the opportunity to star in the historical masterpiece "Kingdom of Heaven".

The director of the film is an old acquaintance, the good old Ridley Scott.

Dunn made a phone call and asked Eva Green to the office without much effort.

However, the two met for the first time after all. In order to adjust the atmosphere, Dunn invited Marion Cotillard over again.

They are all French actors, which is convenient for communication.

As for whether they will meet for the first time, they will be able to enjoy the fragrance and overthrow Eva.

There is no doubt.

At this moment, Dunn looked at the time repeatedly, the chicken couldn't bear it. (https:)

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(Sanqi Chinese)