Chapter 852： Wait a while

While Ronan was dealing with the dispute between Charles Rowan and Christopher Nolan, a sensation happened in Hollywood.

The Disney family represented by Roy Disney, together with a number of Disney shareholders, jointly convened a press conference to publicly accuse the current chairman and CEO of Walt Disney Michael Eisner, and point to Michael Eisner back then. In Walt Disney’s hiring of Michael Ovitz as Disney’s chief executive officer and subsequent dismissal, it acted arbitrary and committed serious procedural errors, allowing Disney to pay Michael Ovitz as much as $140 million for breach of contract. gold.

In addition, they also claimed that Michael Eisner must also be directly responsible for the wasteful expenses of Michael Ovitz during his extremely short tenure at Disney.

For example, Michael Ovitz spent more than US$5 million to renovate his luxurious office. Others such as vehicles, airplanes and daily life, etc., all kinds of excessive expenses are countless.

This consortium headed by Roy Disney officially announced that it had filed a public prosecution in Delaware, where Disney is registered, and sued Michael Eisner to the Delaware Chancery Court, demanding that Michael Eisner be responsible for the matter. And proposed compensation of up to 250 million US dollars with interest.

It is rare for shareholders to sue the current chairman and chief executive officer of the company even in a business society like the United States.

As the press conference was held, Disney's internal conflicts, Roy Disney and Michael Eisner's two factions infighting, were also officially publicized and placed in front of the media and the public.

For a time, from the financial circle to the entertainment circle to the general public, it can be described as a lot of discussion.

This is undoubtedly the ultimate move that Roy Disney has carefully prepared.

The Michael Ovitz incident that year was not considered a secret in high-level circles, and everyone basically understood the cause and effect. Michael Eisner must have problems with the procedure.

For those who intend to cooperate with Michael Eisner, especially those who are willing to borrow funds, they have to consider the possible consequences if Michael Eisner loses the lawsuit.

"Disney's stock price, which had been declining slowly, has begun to stabilize."

Walking in the corridor to the conference room, Robert Iger said to Ronan: “The situation is very clear. While Michael Eisner and Roy Disney are fighting for allies, they are also using funds to buy Disney shares to gain more control. More initiative."

Ronan said: "Roy Disney is old and strong. This will cut off Michael Eisner's funding source."

Robert Iger nodded and said: "Michael Eisner will not have a lot of liquidity. In these years, apart from the income of a professional manager at Disney, he has basically no other sources of large income. Those income that has become fixed assets will be short-term. Cashing out is not easy."

He sighed lightly: "Michael Eisner actually controls a lot of funds, but Disney's money is not his money. If he dares to embezzle, he will only die suddenly."

Ronan said: "Michael Eisner will not be so stupid and apply to go to jail. He should know that Roy Disney will definitely stare at him."

Robert Iger added: "Roy Disney has obviously been preparing for many years, and maybe there was a preliminary idea to oust Michael Eisner at the end of the nineties. If this continues, Michael Eisner will not win much."

Ronan also found out that Michael Eisner's loss was not wrong.

Perhaps, Michael Eisner thought that as long as he sat in the position of chairman and chief executive officer of Disney, he would have an absolute advantage, and he has not paid much attention to Roy Disney.

In the past two decades, Michael Eisner has indeed taken apart the Disney family’s shares in Disney through acquisitions, financing and share expansion, so that Walt Disney no longer belongs to Disney only.

The two came to the meeting room at this time. Ronan opened the door and walked in first. Robert Iger followed.

"Everyone, good morning." Ronan greeted with a smile.

Most of you here are acquaintances and have direct investment relationships with Netflix.

There are not many people, only five people.

On behalf of Goldman Sachs, it was an old acquaintance Lloyd Blankfein.

Steve Jobs also came over. Although he didn't say a word, sitting here represents an attitude.

Ronan shook hands and greeted them one by one, pulled out the chair and sat down. After Robert Iger said a few scenes, he took the lead and said directly: "Everyone, we have worked together before. We are all on the Nefer Network. shareholder."

When it comes to Netflix, everyone is in a very good mood, talking and laughing.

Since investing in Netflix, they have never regretted it. The rising stock price of Netflix has also allowed their investment income to rise.

Lloyd Blankfein said: "There are still too few Netflix shares circulating in the market. Ronan, when will Netflix conduct the second financing? We have been waiting."

"Secondary financing will definitely be there." Ronan knew that the days for Netflix to burn money are still to come: "Please be patient. We are partners. If Netflix will raise funds again, we will definitely give priority to everyone here."

These words undoubtedly made the atmosphere in the conference room more harmonious.

Steve Jobs did not speak, but observed silently, and he became more certain that Ronan Anderson is worth the investment.

With vision, ability and determination, such young people often mean a bright future.

After everyone discussed for a while, Ronan changed the subject in due course: "Outside the Netflix network, we actually have a common identity."

There is no idiot here, and of course they understand what Ronan is talking about.

Ronan said: "We are still shareholders of Walt Disney, holding more than one percent in our hands, that is, Disney shares worth more than 350 million U.S. dollars."

Lloyd Blankfein said: "Goldman Sachs estimates it is the most, close to 3%, with a total value of $1 billion."

A senior president from Morgan Stanley said: "We also have a lot of hands. We originally thought about Disney's merger with ABC TV. Once the two parties merge, Walt Disney's stock price will rise significantly, but as a result... Very disappointing."

Another person said: "It's a pity to sell, and you may even lose money, and you can't see hope for a short period of time. This is not a good investment.

"Among all of you, Relativity Entertainment is the latest entry." Ronan said at this time: "But hundreds of millions of dollars have also been invested."

Lloyd Blankfein was surprised: "I have always wondered why Relativity Entertainment suddenly wanted to hold a stake in Disney."

Ronan said directly: "Because I saw an opportunity, an opportunity to make money on Disney."

These people immediately thought of Roy Disney who came to the door some time ago, and exchanged glances, all speculating that Ronan might be standing with Roy Disney.

Want to use your influence and partnership to win allies for Roy Disney?

Lloyd Blankfein, who is most familiar with Ronan, said directly: "Ronan, it seems that you are going to support Roy Disney?"

Before Ronan could speak, another person said: "Can Roy Disney turn around Disney's situation and make our investment worthwhile?"

"Support Roy Disney?" Ronan said suddenly: "Why do you support Roy Disney?"

Including Lloyd Blankfein, everyone looked at Ronan with a little surprise, which really surprised them.

Ronan asked specifically: "Everyone, I don't know if you have considered, is Roy Disney capable of leading Walt Disney out of trouble?"

He didn’t need others to answer: “Who made Walt Disney from a single studio to today’s entertainment media group? In the past two decades, Roy Disney has never been involved in Disney’s front-line work. The first-tier market is too far away. If it is inappropriate, he has no ability or energy to ensure that Walt Disney is back on track. Of course, he can hire professional managers for Walt Disney again, but one is far away from the first-tier market and management is much What is the chance of making the right choice for a person for twenty years?"

Everyone did not speak, but they were all thinking about Ronan's words.

"Also, to be a little arrogant, I and Relativity Entertainment are eyeing Walt Disney." Ronan now has the capital to say this: "So, as a partner, I specially say hello to you in advance. Maybe. Disney’s investment is nothing in the hands of those who have big business at home, but it is also a property of hundreds of millions of dollars."

He glanced at Robert Iger: "I have a plan with Bob. If it is implemented smoothly, you will not only recover your investment, but also hope to make a certain profit."

Lloyd Blankfein smiled: "We will no longer invest resources in Disney."

"You don't need to invest in it." Robert Iger promptly said: "The specific work is done by Relativity Entertainment He looked at Steve Jobs, and Jobs slowly said: "I will also cooperate with Relativity. entertainment. "

Pixar's children need to go home.

"Relativistic Entertainment really wants to target Disney?" someone asked.

Ronan said: "The Disney shareholders meeting has come to the end." He said to Robert Iger: "Let's get started."

These were people who would never be tempted to see the benefits, and Ronan did not expect a few words to impress them.

Robert Iger personally sent the relevant plan to their hands: "We have to harvest these meetings. What everyone has seen and heard today, when they leave this meeting room, it will be treated as if nothing happened. Me and Ronan will not admit it. When the opportunity arises, it will not be too late for you to act."

After a quick look, thinking of the huge influence and success rate of Relativity Entertainment in Hollywood and the film industry today, Lloyd Blankfein said: "Okay, we will wait patiently for a while."