Heads Up Hollywood

Tang En's expression changed suddenly, and naturally he couldn't escape Jack Welch's eyes. He asked with a smile, "Are you scared?"

"Twain Films has many business sectors, but their foundation is very shallow. Once they are suppressed by giants, I'm afraid..."

Tang En shook his head, his face was ugly.

Jack Welch nodded, "So, there are serious mistakes in your business strategy and development philosophy."

"ah?"

Tang En opened his mouth wide in surprise.

He knew that he was not a professional, so in terms of company management, he left it to professionals. Then use the advantage of foresight to take charge of strategic development.

Unexpectedly, when Jack Welch opened his mouth, he poured cold water on him.

There is a problem with the idea!

This is definitely a big hat.

"No...you can't?" Tang En looked in disbelief.

It is true that Jack Welch is a well-known manager, and it is no exaggeration to say that he is the number one in the world, but his past involvement in the field of manufacturing, this is Hollywood, and the entertainment industry, it is completely different!

Jack Welch seemed to see Tang En's thoughts, shook his head, and said lightly: "I don't know much about Hollywood, it's a fact. However, business is business, with a common management concept and business strategy. Tang En , you are an excellent director, but you don't understand business."

Tang En frowned.

Jack Welch didn't take Tang En's face into consideration, and said: "In an oligopoly market, if you want to break the balance, there are only two ways, one is to directly acquire the oligopoly company, and the other is to create a company before many oligarchs react. A new oligarch!"

Tang En thoughtfully nodded, then shook his head quickly, "It's impossible, Hollywood is different, even if I have enough money, but not enough connections, status and influence, I want to buy an oligarch company like Universal Pictures, Totally impossible."

Jack Welch shook his head and said, "What you're talking about is just superficial phenomena. The real thing is hard power. Of course, this is not important. If the acquisition fails, there is a second option."

Tang En laughed immediately, "Mr. Welch, aren't you saying that Tang En Pictures is developing too slowly?"

Jack Welch had a serious face and didn't mean to be joking at all, "Isn't it?"

Tang En didn't expect to be questioned like this, so he said calmly: "Tang En Pictures was founded in 1997, and it has been less than four years since its asset appraisal has exceeded 2.5 billion US dollars. Is this speed of development considered slow?"

Even DreamWorks, founded by the Big Three, has developed for 7 years relying on the investment of Microsoft's major shareholder Paul Allen, but it is mediocre.

Tang En Pictures is definitely worth writing about!

Jack Welch laughed dumbfounded, shaking his head frequently, "Compared to your ambition, this speed is really slow!"

Tang En respected Jack Welch very much, but at this time, he was also a little angry, "Then, Mr. Welch, why is it not considered slow? Looking at the entire Hollywood, there is a film company that will have the development of Tang En Pictures Speed?"

Jack Welch looked at him intently, narrowing his eyes, "Your ambition...is only Hollywood?"

"this……"

Dunn was at a loss for words.

The Hollywood circle, to put it bluntly, is the entertainment circle, and games, publishing, news, interactive communication, and even a large part of the TV industry belong to the media field, but not Hollywood.

Jack Welch said earnestly: "Young people, the times are changing rapidly, I believe you can understand. All walks of life are concentrating resources, and the Matthew effect is becoming more and more obvious. You are very capable and have enough wealth. If I were in your position, I would definitely make the industry bigger!"

"Oh? Can you give me an example?" Tang En was somewhat modest.

Jack Welch smiled, "I don't know much about the situation in Hollywood. You said that you can't acquire Universal Pictures and you need contacts and influence, so then veto this plan for the time being. You can find a new way out, such as... General Electric NBC Broadcasting Corporation."

"NBC?"

Tang En raised his eyebrows. As the three major public TV networks in the United States, NBC is definitely an oligarch in the TV field, with a market share of nearly 30%!

Jack Welch said: "At that time, I strongly advocated the acquisition of NBC. In fact, it was to better advertise General Electric's products and do TV sales. However, the times have changed, and media resources have begun to integrate. Disney, Times have appeared one after another. Warner, Viacom and other giants, NBC is under the umbrella of General Electric, becoming more and more tasteless."

Tang En nodded.

NBC's market share has been declining in recent years. In addition to its biggest competitors, CBS and ABC, there is also the emerging Fox television network.

In terms of resources in the TV field, General Electric is obviously inferior to these media giants, and cannot give more support to NBC TV.

“So a few years ago, I was interested in selling NBC Broadcasting Corporation. Because of the antitrust provisions, Disney owns ABC, News Corporation owns FOX, Time Warner owns TNT, Viacom owns CBS. Couldn't close the NBC merger."

Speaking of this, Jack Welch looked deeply at Tang En, "This is the choice of the times, and it is also your opportunity!"

Tang En opened his eyes wide, "Mr. Welch, are you kidding me? NBC Broadcasting Corporation, even though it has done poorly in the past two years, has a lot of assets and strength, and its value...is worth... 15 billion US dollars ? Do you think I can eat it?"

Jack Welch laughed angrily, "Twain, capital acquisitions, do you understand?"

Tang En frowned and said, "Even if my money is not invested in the stock market, if I use Tang En Pictures as a mortgage, I can raise at most 5 billion US dollars to merge with NBC Group? Can I occupy 25% of the shares? This is impossible! "

"Holding company! You can attract funds from Wall Street, establish and strengthen the upper-level company of Tang En Pictures with assets of 5 billion US dollars, you occupy 51% of the shares, and Wall Street funds account for 49%, so that the funds in your hands will reach If you are not satisfied with this share, you can set up another layer of holding company, or set up a different voting right structure. There are too many ways to control the company.”

Jack Welch's words made Tang En curl his lips again and again.

This is the easiest way to control the company, of course Dunn knows it, but... this is tantamount to giving Wall Street a profit!

Twain hates sending money the most!

He worked so hard to make movies and start a company to make money, but ended up taking advantage of a group of Wall Street vampires. Maybe it was a matter of philosophy, which he couldn't accept.

Tang En shook his head, "I don't like this way. Tang En Pictures has unlimited potential, and it is impossible for me to use the current valuation to obtain financing."

As a pure businessman, Jack Welch obviously didn't understand, and frowned, "This is the fastest way for you to succeed! Once Tang En Pictures and NBC Broadcasting and Television Company complete the merger, relying on this new platform, no matter Viacom Tom, or Disney, you don’t need to worry about it.”

Tang En said lightly: "Conservatively speaking, as long as the industry Tang En Pictures is involved in now, as long as it develops, the future value... will not be less than 50 billion US dollars! But if the shares are sold by a large amount now, even if the company goes public in the future, How much wealth can I have? Mr. Welch, you are right, I have great ambitions!"

Jack Welch was silent for a long time, and sighed, "Young people, it is a good thing for entrepreneurs to value shares, but it is also a bad thing. You have to know that the process of starting a business is a race against time. The more resources and funds in the initial stage, the more You'll be faster."

Tang En shook his head and said firmly: "I am not short of money, and I also have enough resources in Hollywood. I am confident in developing in Hollywood!"

Jack Welch said helplessly: "I said that if you can't quickly rise to become a new oligarch before the monopoly oligarchs find out, you will only be divided by the oligarchs. Your plan is very good, but this is cutting flesh with a blunt knife. The longer the time, the more painful it will be, it's better to cut the mess with a sharp knife."

Tang En smiled and said: "Mr. Welch, I agree with everything you said. In fact, in my shallow understanding of business, it is indeed what you said. But... I am Dunn Walker, right? ? Twain Pictures cannot be regarded as a Hollywood oligarch, and it has already aroused the vigilance of Hollywood, but I can still survive very well, right?"

Jack Welch is a layman after all, he doesn't know the inside story of Hollywood, and he doesn't know about "platter investment".

Even Dreamworks was suppressed to the point of bankruptcy, and Twain Pictures, which was gaining more momentum... But it became more and more popular. The release of "Unsinkable" this year will undoubtedly sweep the entire summer vacation.

"Film...you are a professional, so I can't say much about it." Jack Welch paused for a moment, then said thoughtfully, "But TV is different, especially professional cable TV stations. This is not the domain of Hollywood!"

Indeed, there is a long distance between professional cable television stations and Hollywood. HBO is headquartered in New York, STA is headquartered in Denver, and SHO is headquartered in New York.

In terms of Hollywood, apart from providing some content, the specific operations and related contacts are different from Hollywood.

Jack Welch's words really touched Tang En's heart. Lei Shidong behind SHO has always been a big hidden danger!

"STA TV network... I believe in Mr. Lei Shidong's mind and pattern."

Tang En didn't even believe what he said.

Jack Welch couldn't help but laugh when he heard this, "Tang En, I have been in charge of General Electric for 20 years, and I have summed up one of the most important lessons - you must take the initiative in your own hands! Summer Redstone... Have you ever known him? At the age of 58, he experienced a fire and was almost burned to death. As a result, his career was out of control after that, and it took him 15 years to create a world-class media Group Viacom. Can you see through his thoughts? At least I can’t.”

Tang En narrowed his eyes and gritted his teeth, "Everyone has weaknesses, old age and slowness are his biggest weaknesses! Hmph! I can deal with him!"