Chapter 695: Almost hit
The large-scale mergers and acquisitions involving a possible amount of $4 billion are far from what Elizabeth can decide. Even Murdoch needs to be carefully considered. Although News Corp. has been firmly in the hands of the Murdoch family, it also Mainly because Murdoch's excellent management and management capabilities continue to bring profits to shareholders, if Murdoch is willing to go his own way, shareholders will certainly turn to his opposite.
From Elizabeth’s mouth, I heard Eric’s idea about the acquisition of Hasbro. Murdoch flew from Los Angeles to Los Angeles and spent a whole day discussing this with Eric, but the results were not as good. People, News Corp. has been focusing on the media industry. For decades, it has not been involved in other fields. Hasbro is a toy company that has little to do with the media.
Although the prospects of Eric’s depiction are very attractive, Murdoch is not the one who has seen the boxing miracle of “Transformers” by Eric, and the old man is still based on a sketch of the “big cake”. The rejection was chosen with great care. The result of the final deliberation was that Fox first bought the copyright of Transformers. In the next few years, the fireflies could start the acquisition of Hasbro by themselves, and then the two sides jointly developed the big movie.
In the evening, Eric and Murdoch walked side by side from the Sharp Manor House, alongside Kasenberg, Elizabeth and Kelly. Murdoch also flew back to New York by plane. Elizabeth made a phone call gesture to Eric on the other side of the Murdoch luxury car. He also followed in, as a filial daughter, of course, personally Father went to the airport.
Looking at Murdoch’s car, Kasenberg, who stood by, said to Eric: “If Fox can make Transformers play the profitable prospects you described alone, I guess Murdo. Gram will definitely not hesitate to merge with Hasbro, and will not even cooperate with us, but unfortunately he does not have such confidence. Eric. I don’t think it is necessary to do this. We can buy it now. Hasbro has enough money on the Firefly account."
"Jeffrey. I will dismiss this idea for the time being. I have already told you about my thoughts in recent years." Eric shook his head with a smile and said: "And, the fireflies are now far ahead of Hollywood. The big group of the media group, we should slow down."
Kasenberg seems to have said that there is no meaning to argue with Eric. He also knows that fireflies are the time to slow down.
In recent days, the annual financial report of Fireflies in 1994 has been released. Firefly's movie, TV, peripheral, and paradise businesses have achieved a huge operating income of $18.7 billion. Although it has not been able to break through $20 billion, it has already made many people stunned. At the same time, the group achieved a net profit of 1.67 billion. In the US dollar, the two sets of data rose by 62% and 40% respectively compared to 1993. This was mainly due to the acquisition of ab TV last year and an increase of $7.5 billion in operating income for fireflies.
After the acquisition of ab, after nearly a year of business integration and redundancies, Firefly expects revenue and net profit for 1995 to exceed $20 billion and $2 billion, respectively. Such strong revenue and profitability have already set aside the other rivals in Hollywood. The most obvious contrast of these is the Time Warner, which has stabilized the fireflies in the past few years, although Time Warner has not publicly announced the financial information of 1994. Eric has already seen the relevant information for the first time.
Throughout the year 1994, Time Warner’s film business only brought $3.3 billion in revenue to the group, a 40% reduction from 1993, and Warner Bros. Entertainment’s highest-grossing film, The Ultimate Witness, only gained. The $105 million box office is far below the Fire Lion's North American box office of $310 million in Lion King. The global box office share is far from being comparable to fireflies.
Affected by the sluggish film business, the entire Time Warner Group, with a total revenue of only 8.3 billion US dollars in 1994, was far away from the firefly by a full distance of 10.4 billion US dollars. Moreover, compared to Steve Ross when he was alive, he has always maintained a stable and profitable time. Last year, Time Warner experienced the first loss in these years, although the loss was only $91 million. Not worth mentioning compared to the $8.3 billion in revenue data, but it is already a very dangerous signal, indicating that Time Warner, who lost Steve Ross, has begun to decline.
In addition to Time Warner, Paramount's parent company Viacom, Fox's parent company News Corp., and the global parent company ma are far from being able to compare with fireflies. Colombia's parent company Sony is much more powerful than fireflies, but Colombia last year. At the end of the year, the $2.1 billion asset write-down event, the market value of Columbia Pictures has slipped below $3 billion, and even less than one-tenth of the media’s valuation of fireflies. As for MGM, there is no sense of existence.
It can be said that the firefly is completely in a dusty posture in Hollywood at this time.
Looking back at these exciting data in his mind, Kasenberg couldn't help but look at Eric next to him. Everything about fireflies today comes from the youth who have a keen eye in the film and television media, although Irene Gram is more and more let go of the management of the Firefly Group, but everyone in the Firefly Group understands that Eric is the soul of the fireflies. Without him, there will be no miraculous rise of fireflies today.
Although he served as the eo of the Firefly Group, Kasenberg has always been very clear that he is more adept at micro-management, and he is definitely not as good as Eric in the direction of the development of the group, whether it is Disney or not. The acquisition was also a merger of ab last year, during which Eric’s crazy acquisitions were subject to a series of questions. Many people speculated that the shallow fireflies were likely to collapse due to this excessive expansion, but in the end, fireflies Not only swallowed the two industry giants, but also successfully incorporated the two companies into the firefly system.
At this time, Eric made the decision to suspend the expansion, not only because his investment in high-tech industries such as the Internet has absorbed a large sum of money from the Firefly Group. Although he successfully completed two large mergers and acquisitions and initially digested it, However, the two large-scale mergers still caused some problems within the fireflies that took several years to resolve. The reason why these problems did not break out was entirely because the firefly's strong profitability temporarily offset various contradictions.
After Murdoch left, Kasenberger did not hurry to go back to the villa with Eric, and he talked about the recent headaches inside ab.
"After eight hours to eleven o'clock, three hours of prime time, nb and bs are nighttime talk shows, nb's "Jean? Reynolds Tonight Show" can bring in $150 million in annual profits, bs "David? Wright Mann’s late-night show has an annual profit of 50 million, but Ab’s 11-point news program “Night Line” can only earn $10 million a year. In the past, we didn’t have a good choice, but recently, David Letterman and The bs contract is about to expire, and Robert recommends that he dig him up. David Letterman is also very excited about this suggestion. Our prime time program is very strong and can be very good for his talk show. Leading role. But Robert just made this suggestion, David Westin, the president of the Department of Public Information, broke into his office and quarreled with him. The two even almost hit it." (To be continued.)