Hollywood Hunter

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Strictly speaking, Orion Pictures is a greater threat to Gaomen Pictures in the field of literary films than Miramax, which has not yet risen. This company produced "Mozart Biography" and "Field Platoon" in the 1980s. ” and many other outstanding literary films that have won Oscar awards.

Without the appearance of Simon, the big butterfly, projects such as "Dances with Wolves" and "Silence of the Lambs" would also be produced by Orion.

The main reason why Simon did not target Orion is that although this company is declining day by day, it has very deep background support.

In the 1980s, Viacom's Sam Redstone and media tycoon John Kruger also started a stock-equity war for Orion. A few years ago, the two media tycoons realized that Orion was already declining, and they found Canada. Seagram Group, this powerful receiver.

Daenerys Entertainment can easily kill New Line and Miramax, but it is impossible to destroy Orion Pictures, which has three stakes in Viacom, John Kruger and Seagram Group.

However, the little Orion could not satisfy the appetite of the Bronfman family, who had been interested in entering the entertainment industry behind the scenes of the Seagram Group.

After the merger of Time Warner, Seagram Group tried to absorb Time Warner's stock during the 1991 period when the group's debt was high and the stock price was in a downturn, but it was firmly rejected by the strong Steve Ross before it made a further takeover offer.

During Daenerys Entertainment's acquisition of mca, Seagram Group also expressed its willingness to compete.

Only after considering the strength of both sides, Seagram Group voluntarily gave up again.

Now, Time Warner's operating conditions continue to recover, mca has become the property of Daenerys Entertainment, Columbia is in the hands of Sony, 20th Century Fox is affiliated to News Corporation, MGM is also controlled by Australian capital, and Disney is in good operating condition. The stock price is too high to buy.

As a result, the only acquisition target Hollywood left to Seagram Group is actually Paramount.

In other words, unless a hostile takeover is made to Disney at a very high price, Paramount is the only suitable acquisition target for all other capital forces coveting Hollywood studios.

Paramount was initially just one of the subsidiaries of Gulf Western Industries.

In the 1980s, with the recovery of the entertainment industry and the excellent leadership of Barry Diller, Michael Eisner, and Jeffrey Katzenberg, Paramount grew rapidly, from the late 1970s to the 1980s. In the years before and after the beginning of the year, he successively produced big-selling works such as "Grease", "The Officer and the Gentleman" and "Raiders of the Lost Ark" at the annual box office champion level.

The Gulf Western Industrial Corporation has also gradually sold off its energy, food and other businesses, and has devoted more and more resources to the media field.

The turning point of the matter occurred in 1983. Charles Brudan, the former chairman of Gulf Western, died unexpectedly of a heart attack, and Martin Davis became the new chairman. Compared with Charles Brudan's devolution attitude, Martin Davis couldn't tolerate Paramount's Barry Diller and other three principals who were more famous than himself, and successively squeezed the three out of the company, so he became a leader for Paramount. Meng's decline laid the foundation for disaster.

Over the years, Gulf Western has been reorganized into Paramount Communications Group, which has been involved in many fields such as film, television, music, cinema, and publishing.

However, compared to the glory of the early 1980s, Paramount's leading film business declined after the third installment of Steven Spielberg's "Raiders of the Lost Ark" series.

In the previous fiscal year, Paramount Communications' revenue was $4.3 billion, and the group's net profit was only $260 million.

As a listed company, Paramount Communications, which has a total share capital of 120 million, has recently maintained its share price at around $39, with a market value of $4.7 billion and a price-earnings ratio of only 18 times.

Under the circumstance that the US stock market has generally begun to recover, a price-earnings ratio of 18 times is obviously a suitable acquisition target.

Compared with the sluggish market value, Paramount's corporate net asset scale is more than 7 billion US dollars, even if it is bought and sold, it can make a profit.

In fact, Wall Street corporate snipers Carl Icahn and Ron Perelman tried this a few years ago, if not for the extensive federal investigation of insider trading triggered by the fall of Michael Milken, the two People almost got it.

For Seagram, the company grew out of the Prohibition era in the United States.

At that time, if Americans wanted to drink alcohol, they could only smuggle them. Canada did not prohibit alcohol at that time, so they made a lot of profits from the alcohol smuggling industry chain.

The real rise of Seagram began in 1981, when Seagram Group invested heavily in ConocoPhillips in the United States. Subsequently, ConocoPhillips was acquired by DuPont. Through stock exchange, Seagram Group became a shareholder of DuPont. The largest shareholder with a 24.3% stake.

The DuPont Group has grown rapidly over the years, and Seagram's stake has become more and more valuable.

However, the two sides basically look at each other with disgust.

Edgar Bronfman Jr., who took over the Seagram Group from his father, wanted to get involved in the entertainment industry, and DuPont didn't want to always have such a major shareholder hindering his development. Over the years, the two sides have been discussing this batch of Equity transactions.

Now, as long as Seagram Group initiates the acquisition of Hollywood Media, it is basically the time to sell the stake.

The 24.3% of the media for Seagram Group

The valuation of Bang's shares is generally between $8 billion and $9 billion. Such a huge sum of money is obviously more than enough to swallow up Paramount Communications, which has a recent market value of only $3.9 billion.

Since Hollywood has only the last best acquisition target left, other capitals will certainly not be indifferent except for Seagram Group.

Barry Diller, who helped Murdoch create the Fox network and integrate 20th Century Fox, left News Corp last year to start qvc Media, backed by the two cable giants Comcast and Telematics. Although there has not been any news for the time being, Simon is very clear that if it is possible, Barry Diller will not give up the idea of ​​acquiring Paramount Communications.

Once in history, Barry Diller lost to Sam Redstone.

This time, in the face of Seagram, who is also financially strong, Barry Diller's chances of winning are also not great, because it is impossible for the two cable operators, Comcast and Telecom, to draw large sums of money to support Diller's bid. purchase.

As for Viacom, Sam Redstone will probably also be interested in Paramount this time around.

It's a pity that Viacom Group can't have such strength.

In the original time and space, Sam Redstone's family capital once participated in the investment in Blockbuster, so in the process of merging Paramount Communications, Viacom first swallowed Blockbuster with abundant cash flow through equity acquisition. The company finally completed the acquisition of Paramount by using Blockbuster's cash and stock exchange method.

Now, Blockbuster is one of the important subsidiaries of Daenerys Entertainment, and it is impossible to finance Redstone anymore.

Viacom Group is not as beautiful as the original time and space. In 1992, Viacom Group's revenue was only 1.9 billion US dollars, its net profit was 56 million US dollars, and its current market value was 2.9 billion US dollars. Com's cable channels such as mtv and showtime are optimistic about the development prospects, and the market value of 2.9 billion US dollars already means a price-earnings ratio of 51 times.

In Simon's memory, AOL's acquisition of Time Warner, which was several hundred times the price-earnings ratio, was completely a miracle.

Now, Viacom, whose valuation is high but market value is low, wants to eat Paramount Communications, which has a rich net asset and a low share price. Of course, it is not impossible to exchange shares, but if someone proposes a cash acquisition, as long as it is not too stupid Shareholders know how to choose.

Viacom, without Blockbuster, simply can't take out much cash.

The potential opponent is the Seagram Group, which can cash out more than 8 billion US dollars in cash at any time. The ending is self-evident.

Although Seagram Group was only tentatively contacting Paramount Communications, Simon got the news at the first time. He was also very concerned about this matter, and he was inclined to be able to acquire Paramount by Seagram Group. .

The current U.S. media industry regulation has not lifted the restrictions on foreign investors from owning U.S. television stations. Rupert Murdoch had to change his nationality in order to develop the Fox television network in the U.S. , Once Seagram acquires Paramount Communications, it must divest its own TV station assets.

In fact, it was once mca and Paramount jointly held the usa television network that is currently owned by Daenerys Entertainment and Paramount Communications.

Moreover, judging from the historical results of Seagram taking over mca, Edgar Bronfman Jr. obviously does not have much talent in the management of the media group. Paramount’s strength has been declining in recent years. Simon It would be nice for Bronfman to keep fiddling around for a few more years, continuing to drain the energy of the big studio, to achieve the ebb and flow that Simon has been secretly promoting.

In Hollywood, in fact, it is enough to have two or three large media groups.

More than 20 years later in memory, Hollywood has actually tended to the 'ideal state' in Simon's plan. Disney, Time Warner and NBC Universal, which is backed by Comcast, are three-legged, especially after Disney's acquisition of Fox. status is more obvious.

It is said that there are still five remaining, the declining Paramount and the sluggish Sony, basically do not have much sense of existence.

This time, Simon hopes to basically complete the foreshadowing of this situation in the 1990s, and even go a step further. On the surface, the three-legged confrontation should actually be the dominance of Daenerys Entertainment.

Malibu, Daenerys Studios.

The time is Wednesday, June 2.

The previous weekend, the two new films "Super Mario Bros." and "Fairy Tale Ending," which were released last Friday, were both dismal.

The $48 million "Super Mario Bros." box office was only $8.53 million in the first three days of the first weekend. As one of Disney's blockbusters this summer, the opening dud directly caused Disney's stock price to drop by 3.6% on Monday.

"Fairy Tale Ending", which tells the follow-up story of Snow White, was tossed by Disney for three years through copyright lawsuits. After its release, there was no splash. It only made $1.75 million in the first weekend and three days. Obviously, there will be no follow-up. , and will basically leave North American theaters completely after two weeks.

The dismal results of the two new films undoubtedly freed up more potential market space for "Superman" to be released on June 4.

The upcoming June 4th, "Superman" can be described as a monopoly, and only this film will be released this Friday. Warner Bros. Pictures, which is responsible for the film distribution, will present this superhero film at the Chinese Theater in Hollywood tonight. Hold a grand premiere.

Simon dined at noon with Nancy Brill and Robert Shea and the Weinstein brothers, who were just confirmed to join Blockbuster Entertainment.

Originally it was lunchtime

It was left to the female assistant. She was four months pregnant. The female assistant had already begun to show her pregnancy. Recently, she quietly moved to a mountain villa in Woodside, San Francisco. Jennifer's mother, Carol Leibold, also deliberately turned off her job. Coming to the West Coast to take care of himself personally, Simon's schedule to fly to San Francisco has naturally increased recently, at least two or three times a week.

After the auction was completed at the end of May, the new line company was officially dissolved.

Blockbuster eventually bought New Line's most important film library assets for $68 million, while quietly taking over part of the team, including New Line chairman and CEO Robert Shea.

Despite being targeted by Daenerys Entertainment during the release of "New Elm Street", Robert Shea finally decided to join Blockbuster under the persuasion of Nancy Brill. At 54 years old, it is far from retirement age, New Line is bankrupt, and Shea actually does not have much capital to retire early, so she can only continue to work in this circle.

The living conditions of Hollywood second- and third-tier film companies are getting more and more difficult. Even if he is used to being a boss, it is difficult for Shay to start from scratch. Joining Blockbuster, which has a strong background, is actually the best choice.

Even more so with the Weinstein brothers.

Even the three of them were quite surprised by Blockbuster's solicitation.

After all, this video tape chain company with its own strength and backed by the giant Daenerys Entertainment actually has more and better choices. The three of them can only be regarded as losers in Hollywood.

Therefore, in front of Simon, even though Robert Shea, who had some quarrels between the two sides, was very deferential, the Weinstein brothers did not have any rudeness and force in Simon's memory, so a lunch can be described as a delightful guest and host.

At one o'clock in the afternoon, the lunch was over and the three of them left temporarily. Nancy Brill continued to sit in the high-rise dining room with Simon and asked, "How do you think they are?"

Simon shrugged: "I only talk about grades."

How about the three of them, Simon is actually very clear, especially the Weinstein brothers, Simon has been considering adding some restrictions to the brothers to avoid the recurrence of the Hollywood sex scandal. In fact, as long as the brothers can continue to work within the Daenerys entertainment system, the chances of that happening are very low.

As for privately, there are a lot of people like Weinstein in Hollywood. Simon also has no moral cleanliness, or in other words, he is a hunter himself, as long as there is no trouble, it doesn't really matter.

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