Chapter 432 Hijacking Disney

In the study of his villa in Beverly Hills, Chen Xun looked at the [Weekly Intelligence] section that was flashing on the panel.

It's been a whole year.

Since the phenomenal success of "The Wandering Earth" and the completion of the "Historical Record" achievement, none of the intelligence reports pushed out by the system every week have been any good.

It's either a Hollywood star about to get divorced, a blockbuster movie receiving terrible reviews after its test screening, or a bubble tea shop opening a star on the Hollywood Walk of Fame.

It's all just trivial, useless information.

"I'm curious to see what kind of gossip will emerge this week."

Chen Xun casually clicked the refresh button and glanced at it indifferently.

But the moment he saw the contents of the intelligence report, he sat bolt upright:

Disney's board of directors has secretly approved the acquisition of 21st Century Fox, with an official announcement expected in six months.

The deal is valued at approximately $713 billion. The era of the six major Hollywood studios is coming to an end, and the future will see a five-way monopoly. Fox will sell off some of its non-core assets, including: its library of independent film rights from 2000 onwards, Fox Searchlight Pictures, some artist contracts, and secondary distribution channels in Europe and Southeast Asia.

Chen Xun's heart was pounding wildly.

finally come!

Disney's acquisition of Fox in its previous life was the biggest capital earthquake in Hollywood in nearly thirty years.

The number of major players has decreased from six to five, further exacerbating the monopoly.

Countless small and medium-sized companies went bankrupt and closed down.

Countless talented filmmakers have been sidelined.

But for the current entertainment industry, this is not a disaster, but a golden opportunity!

This is the only opportunity to truly join the ranks of Hollywood's top-tier studios, even in the gaps where giants dominate!

He took a deep breath, picked up his phone, and dialed Robert's number directly, his tone more serious than ever before: "Robert, drop everything you're doing and come to my villa immediately."

"What's wrong, bro? What happened?"

Robert sensed something was off about his tone and immediately became nervous.

"We'll talk about it when we get here!"

Over the past year, the internet has been abuzz with talk of Star Entertainment becoming the seventh largest studio in Hollywood.

The fans were shouting loudly, and the media echoed their praises.

Even many industry insiders say this, half-jokingly.

But Chen Xun knew better than anyone that this was all wishful thinking and self-indulgence.

Compared to established giants, Xunxing Entertainment's foundation is still very weak.

The only work they can present is "The Wandering Earth".

The copyright library is practically nonexistent; all the copyrights combined don't even amount to a fraction of what major Hollywood studios have.

In the streaming media era, copyright is a money-printing machine.

Aside from Chen Xun himself, a global top star, the company's artists, Xin Zhilei and Zhao Jinmai, are still on the rise and have no international fame. They don't even have a second-tier actor who can carry the box office.

The most important film industry system was built up at the last minute. When filming "The Wandering Earth", they still had to poach people from Hollywood. Their own production, special effects, and editing teams had only just been set up.

To put it bluntly, Xunxing Entertainment is now a one-man company, entirely supported by Chen Xun.

If Chen Xun were to retire behind the scenes one day or botch a film, the entire company would collapse instantly.

Chen Xun had long been aware of this problem, but had never had a good opportunity.

The Hollywood pie has long been divided up by the Big Six; trying to snatch a piece from their mouths is harder than climbing to heaven.

Now the opportunity for Disney to acquire Fox has arrived.

Merging giants inevitably involves splitting off and selling off non-core assets to streamline operations.

What Disney considers trash is invaluable to StarSeeking Entertainment, which is short of talent.

Less than twenty minutes later, Robert rushed into the villa, still out of breath: "What happened?"

Is there a problem with the profit sharing for "The Wandering Earth"? Or has Spielberg's project fallen through?

"Neither!"

Chen Xun pulled him to the computer, where he saw some intelligence analysis he had typed out and some clues he had found online.

"When Disney acquires Fox, they will break down and sell off some of their non-core assets, which presents an opportunity for us."

Rob was stunned for a moment, then his expression changed drastically: "Disney acquiring Fox? How is that possible? That's Fox! One of the Big Six Hollywood studios!"

"Nothing is impossible."

Chen Xun said in a deep voice, "Hollywood now is all about big fish eating small fish, and small fish eating shrimp. It's only a matter of time before the Big Six become the Big Five. But for us, this is the only chance to truly join the ranks of the big studios."

He pointed to the asset list on the screen and analyzed it for Rob one by one: "Fox Searchlight Pictures specializes in independent films and art films. They have won more than a dozen Oscars and have a mature production team and distribution channels, which can make up for our shortcomings in art films."

Their library of independent films from 2000 onwards contains thousands of movies. Although they are not major IPs, they can earn tens of millions of dollars in streaming rights fees every year.

We also have secondary distribution channels in Europe and Southeast Asia. Our current distribution network is mainly concentrated in North America and East Asia, and these channels will allow us to fully expand our global distribution network.

Most importantly, there are the artist and director contracts. Fox has many talented but underappreciated young directors and actors, as well as many experienced producers and special effects artists. Disney will definitely lay off staff after the acquisition, so we can poach these people.

Rob's eyes lit up as he listened, and he rubbed his hands together excitedly: "My God! This is like a windfall! If we can acquire these assets, we really won't have to be at the mercy of the Six Majorities anymore!"

But he quickly calmed down, frowned, and said, "But bro, we don't have enough money. Even these non-core assets are valued at at least $50 billion. We earned less than $10 billion from 'The Wandering Earth,' and the company has $3 million in liquid funds. That's only $13 billion, which is far from enough."

Money is not a problem.

Chen Xun had already planned ahead: "We can bring in domestic capital to do it together. China Film Group and Huaxia Film Distribution have long wanted to enter Hollywood, as have Alibaba Pictures and Tencent Pictures. They have plenty of money. We provide the technology and distribution channels, and they provide the capital. We can share the pie together."

And we don't need to buy everything; we just need to buy what we need most.

He paused, his eyes filled with unwavering determination: "This is our only chance!"

"If we miss this opportunity, once Disney completes its acquisition and the five giants completely monopolize the market, we will never have a chance to rise again. At that time, let alone becoming the seventh largest, even survival will be a problem."

Rob nodded emphatically: "I understand! I'll contact domestic investors and Fox shareholders right now to sound them out. We have to sign the letter of intent before Disney makes its official announcement!"

"This matter must be kept absolutely secret!"

Chen Xun cautioned, "If Disney finds out we're trying to hijack the deal, they'll definitely raise the price, or even sell these assets as a package to someone else."

"Don't worry! I'm very tight-lipped!"

Robert patted his chest and assured him, then turned and rushed out, forgetting to even close the door.

Chen Xun watched Robert's retreating figure, walked to his desk, picked up a pen, and wrote down a list of assets that needed to be prioritized for acquisition.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like