Fang Daddy is in hand, I have the world

Chapter 639 The possibility of losing money after the acquisition is very high
United Artists Film and Television Company can't be described as miserable now, it should be described as very miserable.

After Tom Cruise moved in, he really completed the plan to shoot four films a year as promised at the press conference.

Two years later, losses began to appear. In order to save money, the four films were compressed to three films, which lasted for another three years.

The company has been so half-dead that the Bona Foundation can't stand it anymore, and dispatched a commissioner to contact Tom Cruise. They stopped shooting three films that year and concentrated their efforts on shooting one film.

Come to a big production, pursue big investment and big profit, and fight a turnaround.

Tom Cruise was given full power. As a result, a film with huge investment and huge losses was born, and Tom Cruise's last line of defense was defeated.

Tell the Bona Foundation that he is not a qualified manager and is willing to abdicate to make up for the virtuous.

The Bona Foundation couldn't find a suitable person to take over for a while, so it comforted Tom Cruise and let him continue to lead United Artists for the time being.

Four months later, Haimo, who resigned from Disney, officially joined United Artists and has been the general manager of United Artists until now.

Haimer works very steadily. After taking office, he began to adopt a shrinking strategy, dealing with those industries that lost money, rectifying the internal affairs, and appropriating funds to support those profitable projects.

It took seven years to turn United Artists from loss to profit. At this time, Haimo retired due to age, and her deputy Cohen took over United Artists.

This Cohen is also a playwright. In just a few years, United Artists began to lose money, and Haimo's years of accumulation were completely consumed.

The Boehner Foundation directly fired Cohen and let Tom Cruise come out again to take charge of United Artists.

This time Tom Cruise turned up his spirits and pushed directly to Cohen's set, and the lean staff shrinking front began to implement Higher's set.

Although it is losing money every year, it is not a lot.

According to calculations, the current debt of United Artists is 600 million U.S. dollars, the total asset value is more than 5000 million U.S. dollars, and the net assets are more than 2 million U.S. dollars.

After deducting the inflated market value, more than 1 million US dollars is still worth it.

The price given by Parker is very sincere for the purchase price of [-] million.

"Boss, this price is very attractive, my suggestion is to give up the acquisition!"

"At this stage, we must be level-headed, showing that we do not have any biased principles. If we want to acquire, we can wait until the establishment of the US Renewable Resources Ecosystem Company."

"The current environment is not suitable for our acquisition"

Hyde Hill gave his own clear opinion, not suggesting that Gao Jin acquire United Artists.

"Chairman, my opinion is not to make an acquisition"

"Now the world film and television market is dominated by Marvel Films, DC Films, and Disney Films."

"All the other studios are losing money"

"The most important thing is that the acquisition will not benefit our Protoss Group. There is a high chance that we will need to allocate a certain amount of funds every year to fill this bottomless pit."

"The gain outweighs the loss"

Guan Hongsheng expressed his views on the sidelines and clearly opposed the acquisition.

Gao Jin frowned, thought for a while and said, "Isn't it okay to merge Lianmei Film and Television Company into Starlight Film and Television Company?".

"Boss, there are companies that have played like this before."

"I bought a Hollywood film company and merged it into my own film and television company in China. After a few years, I lost a lot of money and sold the company again."

"The two places have different cultures, different national conditions, and different rules. It is too difficult to integrate together."

Guan Hongsheng told the truth that there are many people who have ideas similar to Gao Jin's, and many people put them into practice, but in the end none of them can continue to play.

Either lose money and dispose of the company, or simply go bankrupt.

"Boss, what Guan said makes sense."

"Hollywood film companies in the United States are not that fun, let alone China, even if a European film company acquires a Hollywood film company, it still won't work."

"Several film and television companies in France tried, all of which ended in failure"

"The price is not high now, but we still need to be equipped with professional management personnel when we buy it. I don't know if we can make money. The possibility of losing money is very high."

“The possibility of losing money after the acquisition is very high”

Hyde Hill also began to persuade Gao Jin not to be greedy for petty gains and jump into big pits. Hollywood film companies are not that simple, and the water here is very deep.

Gao Jin drank his tea and didn't speak. Protoss Group has developed to the point of re-integration, especially its companies involved in film and television.

The films produced by Xingguang Film and Television Company cannot go abroad, and there is no market at all outside the country.

Buying a film and television company in the United States or Europe to make up for it is justified. Even if you don't buy it now, you will have to buy it sooner or later, unless Gao Jin gives up the entertainment industry.

If the United Artists Film and Television Company in front of them is acquired, what Guan Hongsheng and Hyde Hill are worried about is very likely to happen.

At that time, if you want to sell the money-losing product of United Artists, you have to lose a sum of money and sell it at a low price.

"Let me think about this matter. You first prepare the documents on the establishment of a renewable resource company in the United States. I will make a decision tomorrow."

Gao Jin needs to think about this matter carefully, and it is difficult to make a decision for a while.

Hyde Hill and Guan Hongsheng looked at each other and nodded to Gao Jin together. They knew in their hearts that this matter was not just a matter of a film and television company.

There are other things involved, so Gao Jin can only think and make decisions.

After talking for a while, the two left without disturbing Gao Jin's thinking.

Gao Jin sent the two of them away and stayed in the room all the time. They called the restaurant to deliver their lunch to the room, and asked the staff to take it away after eating.

After drinking a little tea, when Gao Jin felt a little anxious, he took a few deep breaths to calm himself down, raised his hand, and drank the tea in the cup.

No acquisition, it is not suitable for the acquisition of film and television companies for the time being.

Even if they want to make up for the shortcomings of their entertainment companies, they have to wait until they are busy with the things in front of them, and it is not easy to cause extra problems at this moment.

After making a decision, Gao Jin felt a lot more relaxed. He looked at the time, turned around and walked towards the bedroom, intending to take a lunch break.

"Ding ding ding" the phone rang, Gao Jin frowned, turned back to the living room and picked up the phone to have a look, hesitated for two seconds before answering the call.

"Hall, I'm Gao Jin," Gao Jin said calmly.

When the forum was held in Wilmington that year, Gao Jin met Hall through the introduction of other people, chatted with Hall several times alone, and donated a sum of money to the related fund.

"Gao, what did Parker talk to you about?" Hall asked straight to the point.

"It's nothing, I talked about the Renewable Resources Company and his plan to sell a film company, and asked me if I'm interested." Gao Jin said directly without hiding anything.

The reason why he is so honest is because Gao Jin understands that even if he doesn't tell, Hall will know soon.

It is better to be active than passive. Besides, this is not something shady.

"Gao, let's talk, I've arrived in San Francisco," Hall said directly.

"where are you"

When Gao Jin asked, he was a little surprised. He didn't expect Hall to arrive in San Francisco. It must not be just a matter of the renewable resources company that he came here in such a hurry.

"I'll come to your hotel with a friend, about an hour or so," Hall said.

"Can"

"My hotel room 1922 is waiting for you"

Gao Jin reported his room number, chatted with Hall for a few words and hung up the phone.

An hour flies by in the blink of an eye.

Hall arrived at the hotel with an old man of similar age. Gao Jin greeted the two of them to come in and sit down for tea. The bodyguards were all waiting at the door.

"Gao, let me introduce you. This is the big director of Softsoft, Sam Simpson, and my old friend for decades."

"Sam, you must know Gao"

Hall smiled and introduced the two of them.

"Welcome to be our guest," Gao Jin said with a smile, and shook hands with Sam Simpson.

"You can just call me Sam, you don't need to see anyone else." Sam smiled and shook Gao Jin's hand, everyone sat down again, Gao Jin began to pour tea, and invited them to drink tea.

Unlike Parker, Hall only drinks coffee, while Hall prefers tea.

After a cup of tea, Hall got straight to the point and said, "Gao, we came here today with sincerity. I hope you can tell us about the conditions Parker gave you."

"Can"

"Parker's condition is very simple. I will reply to him the day after tomorrow"

Gao Jin told the truth, Hall and Sam looked at each other, and they both saw the expected meaning in each other's eyes.

"Gao, what do you think about the equity allocation of renewable resource companies?" Hall asked again.

"I plan to operate the Renewable Resources Company independently. Each country will set up an independent company with independent financial accounting. The board of directors has the right to audit the accounts at any time."

"According to the current situation, I will take out 20.00% of the shares, and the Beautiful World Foundation and the Bona Foundation will each purchase [-]% of the shares with one billion US dollars."

"After the follow-up projects are launched, you can pay as much capital as you need according to the shares."

"I'm just a business and have no intention of being involved in anything else"

Gao Jin clearly expressed his attitude. Both Hall and Sam nodded, understanding Gao Jin's meaning and not participating in the open and secret struggle between the two foundations.

It is not a special case for the Protoss Group to do this, but a very common thing, including many companies in the United States.

I will settle overnight and give you the same shares. I will not participate in your fights, and you should not bring secret fights into the company.

Take Amazon, a well-known e-commerce company, as an example. Both foundations hold [-]% of the shares, have board seats, do not participate in company management, and only enjoy dividends.

(End of this chapter)