The good news is that Goldman Sachs has formally dealt with the difficult American gambling tycoon Kirk Kerkrien, and separates MGM Pictures from MGM Hotel Group to complete the acquisition.
I don’t know where the news was leaked. Media such as The Wall Street Journal, Los Angeles Times, and New York Times competed to report relevant news and analyzed how much of an impact Goldman Sachs’ formal involvement in Hollywood would have on the American film industry.
All major forces on Wall Street and Hollywood were alarmed.
Although Goldman Sachs is a Wall Street capital giant, it is also the core power of the Jewish group. Generally speaking, the right to speak and influence of the Jewish power in Hollywood will expand again!
"Lion" MGM won the strong backing of Goldman Sachs, does it mean that it is about to rise again?
Will the "Lion" climb to the top of Hollywood again and dominate the movie world?
Major media rushed to the head office of Goldman Sachs to block the door, trying to get the most accurate news.
But the high-level executives of Goldman Sachs who know the truth are tight-lipped, and unsuspecting employees can't ask any questions.
When opinions were divergent, the head of the acquisition project of Goldman Sachs came to Polaris Capital in a low-key manner, formally handed over the equity of MGM Pictures, and completed the second half of the agreement that was set at the beginning.
Polaris Capital Company spent a total of 184 million U.S. dollars to fully purchase MGM Pictures, and Goldman Sachs also made tens of millions of U.S. dollars.
MGM Pictures in hand signifies Xia Yu's official foothold in Hollywood.
Although MGM Pictures is now at the bottom of Hollywood, the giant is still a giant anyway!
Not to mention that $184 million is cheap, but it was acquired at a premium to net assets.
Most of the film companies are virtual assets, because the value of that huge film library cannot be estimated, and the value is different in different periods.
If it is put into the Internet era in the future, the value will really be discovered, even if it is to buy a film library, it will be almost the same as adding a zero after the 84 million US dollars!
Now, even if the debt is deducted, it still costs this price, which shows that MGM Pictures is not small.
Look at Columbia Film Industries, which is also one of the eight Hollywood giants. It has not delisted like MGM Pictures. Its market value is only more than 280 million US dollars!
Of course, because Columbia Pictures Industries has gone public, and because the stock price is prone to volatility, the acquisition will be much more difficult. If it were acquired wholly, it would definitely far exceed the market value of more than $280 million.
This is one of the benefits of listing!
After Polaris Capital took over MGM Pictures, Peter Lynch immediately sent someone to MGM Pictures to take over.
Many reporters had been squatting at the door of MGM Pictures. When the personnel from Polaris Capital entered the station, the news spread immediately.
The news of the Goldman Sachs Group's acquisition of MGM Pictures is still on the paper, and there is even more news immediately.
MGM Pictures once again made the "front page headlines" of major newspapers and TV!
It's just that this time there is an extra third party-Polaris Capital Company!
Goldman Sachs Group and Polaris Capital join forces to hunt the "lion"! --"New York Times"
Polaris Capital Corporation! A financial giant not inferior to the Goldman Sachs Group! -"The Wall Street Journal"
"Lion" changed hands again, can Polaris Capital Corporation let the Lion King dominate again? ——"Hollywood Journal"
Polaris Capital is hunting for "lions" strongly, and the film industry is about to explode? --"Washington post"
...
Such a reversal not only caused the people who eat melons to shout "ohmygod", but also shocked the major forces on Wall Street and Hollywood.
Polaris Capital seems to be interested in making headlines.
It was the fourth day that MGM Pictures was acquired.
On January 4, 1981, another news shocked Hollywood!
One of the eight Hollywood giants, United Art Season Company (Lianmei Pictures), was wholly acquired by Polaris Capital for a price of 60 million US dollars!
And on the day of the acquisition, Polaris Capital announced that Lianmei Pictures will merge into MGM Pictures in the future!
This means that the eight Hollywood giants will become seven!
This will have a profound impact on Hollywood's power structure.
Merely MGM Pictures and Lianmei Pictures are the bottom of the eight Hollywood giants.
But now that the two are in one, the most obvious point is that the film library of MGM Pictures will become the number one in Hollywood!
Moreover, the merger of the two giants will greatly increase the influence and competitiveness of MGM Pictures, and it will have the qualifications to break the wrist with other giants.
Backed by the menacing capital giant-Polaris Capital, no one can predict how much MGM Pictures will change.
The other six giants in Hollywood are on the lookout and wary of MGM Pictures.
The circle of independent producers, which relies heavily on MGM Pictures and United American Pictures, is even more chaotic. All stakeholders want to know the attitude of MGM Pictures to them.
But these things have nothing to do with Xia Yu for the time being, and he didn't even care about the feelings of these people.
He is now having a headache to find a suitable "Lion King Knight".
MGM Pictures was spun off from the MGM Hotel Group, and there is no one at the helm. If it hadn’t been for Polaris Capital to stabilize the situation, it would be a mess.
In addition, Lianmei Pictures will also merge into MGM Pictures. In order to maximize the use of resources, Xia Yu urgently needs a talent with knowledge of Hollywood and outstanding ability to take charge of MGM Pictures.
Now the United States does not know how many eyes are staring at Polaris Capital and MGM Pictures, and how many people are looking forward to watching the jokes.
The resistance of Hollywood's major forces, especially the six giants, has not been displayed. If they collapse first, Polaris Capital will become the laughingstock of the United States and a shame in the financial industry!
It was aggressive when it came, and when it was gone, it was enough for Polaris Capital to be recorded in Hollywood history and become the laughing stock of the ages.
Xia Yu can't afford to lose this face!
So he immediately mobilized Korn Ferry International to screen suitable candidates for hunting.
He also combined the memory of later generations, looking for the "Lion King Knight" from Hollywood's powerful bosses!
Xia Yu's first goal is Mike Eisner, the Bismarck-style leader now in charge of Paramount Pictures.
This Hollywood tyrant has played the role of the savior twice. In the early 1970s, he turned the almost dead-end ABC company back into profit and rejuvenated it.
Now in charge of Paramount Pictures, in just four years, Paramount Pictures, which ranks low, once again become the top three, and the upward momentum is still fierce.
If history does not change, he will be poached by Disney in 1984, through a series of drastic reforms, including crazy development of brand-driven product sales, upgrading Disneyland, and opening a film and television department that produces non-G-rated movies. Within a few years, Disney became the leader of the industry, and "The Lion King", "Beauty and the Beast" and "Pocahontas" were sold all over the world. UU reading
And through step-by-step acquisitions, Disney expanded into the television and publishing industries, becoming a giant cross-media group.
Although "tyrant" Mike Eisner has mixed reputations, it is undeniable that he is extremely powerful.
Unfortunately, facing Korn Ferry’s poaching, Mike Eisner simply refused.
Korn Ferry decisively changed the target and took aim at Warner Bros. President Terry Semel and General Manager and Vice President Robert Dali.
The two will work hard together to build Warner Bros. into the world's largest and most creative media and entertainment company. They are definitely awesome.
Not only that, Terry Semel later became the president of Yahoo! If MGM Pictures hired him, it would be enough to make him defeat the beginning of the 21st century, and Xia Yu would not need to be replaced!
Unfortunately, both of these two refused without hesitation. Both of them have only worked for Warner Bros. for three years. They have taken Warner Bros. onto the fast track of the rise and are now enjoying the rise. Pleasure, how can you be willing to take the lead of MGM Pictures?
A few days later, Korn Ferry failed to dig people in succession, and the news leaked out. Some media began to tease MGM Pictures in public.