Respawn Entertainment

Chapter 290 Failed to Acquire MGM

Half a month later, "The World Without Thieves" held a opening ceremony in Beijing. The one who reporters talked about the most at the press conference was not the director Feng Xiaogang, nor the starring Liu Dehua, but Ge Youli but the newcomer Wang Baoqiang.

This unsightly newcomer can gain media attention because Chen Lin, the boss of Jade Emperor Entertainment, personally brought him to attend. This is nothing. What surprised everyone was that Chen Lin said at the press conference that this newcomer was his newly recognized younger brother, and asked all media friends to take care of him in the future.

If Liu Yifei and Brother Hu are favored, they can be explained by the handsome men's beauty, but no matter how you look at this, Wang Baoqiang is an ordinary person. Even if he wears a famous brand, he cannot cover up the rustic atmosphere.

Last year, Jade Emperor Entertainment focused on promoting Liu Yifei and Hu, the golden boy and jade girl. Look at this attitude, this year, I want to highlight the lucky boy Wang Baoqiang who is not good-looking in front of me.

The reporters guessed correctly. Chen Lin proved this with his actions in the next few months. A month later, Wang Baoqiang ended his filming on the World No Thieves crew. Jade Emperor Entertainment announced on the official site that it would tailor-made a military TV series "Soldier Assault" for him.

Just as the media speculated about the authenticity of this news, another month later, on May 1, Jade Emperor Entertainment officially held a press conference. The large-scale modern inspirational military-themed film "Soldier Assault" with a total investment of 40 million yuan was officially launched, and its protagonist was Wang Baoqiang.

In the same month, "The World Without Thieves" was completed and entered post-production. The crew announced that the drama will be used as this year's New Year film and will wait to meet the audience again in December.

Time passed quickly, and the first half of the year passed in the blink of an eye, and the students began to enjoy a long summer vacation of two months.

Two sensational news happened this summer vacation, one of which was that Brother Gu was listed.

On Monday, July 5, 2004, Gu Ge was listed on Nasdaq on that day, and his market value rose and fell on that day. After a week, his final stock price stabilized at US$300 million.

Just when people were celebrating the Internet once again created a wealth myth, a big news that leveraged Hollywood in the United States happened. Big news broke out: Jiahe Film and Television, a subsidiary of Jade Emperor Entertainment, announced that it would spend $26 billion to initiate an acquisition of MGM, the most prestigious film company in Hollywood.

"Oh, my God!" Americans were stunned after the news was broadcast. Media across the United States sent a large number of reporters to verify the true surname of the news. Soon, a reporter from a newspaper risked his life to lurk at MGM and secretly took two photos. One was Chen Lin, chairman of the board of directors of Jade Emperor Entertainment, and the other was Chen Lin and MGM president Thomson for lunch.

Public opinion was in an uproar. When news was reported that Chen Lin appeared at the Starry Sky Entertainment Branch in New York, hundreds of reporters surrounded the Starry Sky Entertainment building.

Looking forward to the stars and the moon, Chen Lin finally came out to face the reporter and admitted that he was indeed negotiating with MGM. He revealed that the negotiations between the two sides were very pleasant.

Almost at the same time, MGM also released a news report that it was discussing the acquisition with Yuhuang Jiahe.

The news was true, and it immediately caused an earthquake in China and the United States. The Americans were shocked and were shocked. When the news came back to China, whether on the road or on various TV stations, all newspapers and magazines focused on this news.

Phoenix TV's financial channel immediately launched a column program, asking several experts to explain the significance of this news to the public.

CCTV also acted very quickly this time. CCTV Movie Channel immediately broadcast a special film introducing MGM and Jade Emperor Entertainment Group, which dug out the past and present of the two companies.

Hollywood has many well-known film companies, such as MGM, Paramount, Fox, Warner, United States, Universal, Columbia and Thunderbolt, known as the Eight King Kongs.

Among the eight companies, MGM is not the strongest, and it cannot even rank in the top three, but if you want to choose an American movie and Hollywood symbol, it must be MGM.

For viewers in other countries, you may not know the name MGM, but you must be familiar with his lion roaring animation logo. This lion is called Leo, and it was once regarded as a symbol of the United States, just like Coca-Cola.

MGM Films filmed one of the best films in film history, "Gone with the Wind", creating the enduring screen classic 007, shaped the immortal cartoon characters of Cat and Mouse, initiated the establishment of the American Academy of Film Arts and Sciences, and launched the Oscars.

You should know that any of the above achievements can immortalize the company, let alone a few myths.

In the eyes of all Chinese, MGM is so awesome, so the Jade Emperor Entertainment, which wants to acquire it, is even more awesome, and it is the kind of awesome.

That night, the Central News Network released an official voice, evaluating that this is the largest acquisition case initiated by a Chinese company overseas and a model for Chinese companies to go global.

The official media's evaluation of this acquisition was very high, but at this time, the public opinion in the United States was quietly changing. First, several Hollywood media called out "The Wolf is Coming". Hollywood giants felt the powerful challenges brought by Jade Emperor Entertainment, a Chinese media company.

After Sony acquired Columbia Film Company in 1989, Hollywood will have a film company with wide influence after 15 years. One quarter of Hollywood's country is insured and the last time I accidentally let the Japanese dwarf in. Could it be that this time I let the yellow people in? This makes it unbearable for Americans who have always regarded themselves as the world's boss?

They quickly took action, and eight members of the ** Party, representing Hollywood's interests, proposed a proposal in Congress to call for political axe to intervene in the acquisition. Their reason was that MGM was a symbol of Hollywood and Hollywood was a spiritual symbol of the United States, and foreign capital would never be allowed to hold shares. They also called on MGM to reject the acquisition and called on other Hollywood companies to boycott the acquisition.

Public opinion in the United States began to turn, from the initial shock to the general side of boycotting acquisitions, calling on the government to protect MGM.

Public opinion from the outside world is becoming increasingly unfavorable to the acquisition. Seeing that the acquisition is facing many difficulties, the person involved, Chen Linyi, crossed his legs in his New York office, and was not unhappy at all because of the unfavorable situation.

At this time, General Manager Yang of Yuhuang Jiahe Company pushed open the office door and walked in.

"Mr. Chen, we just received the news that MGM has suspended negotiations and they will hold a press conference in the afternoon to announce this news. It seems that our acquisition has failed."

General Manager Yang laughed all the time when he said the failure, and Chen Lin's reaction was also strange, "If you fail, you will fail. I am really afraid that the senior executives of MGM would be very brave to agree to the acquisition in one go, so we will lose a lot."

"Isn't that?" General Manager Yang laughed and said, "MGM's superficial scenery has actually been full of crises in recent years. I investigated it and it's really unbelievable. MGM has suffered losses in recent years, and its market value is estimated to be less than 10 billion."

Finally, General Manager Yang sighed: "Who ordinary people would have thought that this Hollywood giant with great glory also had a time when it was Muxi Mountain. This is so similar to our previous Jiahe."

Things are unpredictable, and there is no myth of never defeat. This company, which was founded in 1924, has finally been struggling to enter the new century by this year.

Without any cable channels, television networks or broadband networks, and without media groups as support, reading production companies like MGM are naturally controlled everywhere. In addition, most of the movies invested in are losses, especially the box office blockbuster "The Wind Whisperer" that spent huge amounts of money to shoot in 2002, the box office was defeated, and senior executives of the company were forced to resign, and MGM was involved in the auction ranks.

The legendary film giant was born in $100 million in debt in 2005 and was acquired by Sony for nearly $5 billion. But Sony failed to save it, and Sony hoped that MGM's huge film library would increase content chips for its Blu-ray DVD promotion, but the plan failed.

By 2009, MGM's debt not only did not decrease, but doubled. Sony could not bear the huge debt and sold it again, but at this time no buyer was willing to offer a reasonable price. No other Hollywood giants bid more than $1 billion, and everyone was waiting for him to file for bankruptcy before picking up the bargain.

The future MGM stumbled and experienced bankruptcy and reorganization. Although it has not yet died, it has been very pitiful. (To be continued.)

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