I Just Want to Copy Books in Peace

At the end of June, the Stars and Stripes media finally revealed the news that "Jouzhi Investment", a capital from Dahuaguo, was trying to acquire Warner Bros. Pictures, and the acquisition was about to be completed.

"It's because some opponents in the Time Warner Group deliberately leaked the news to the media. If they want to stop the acquisition, they must at least create some resistance to the acquisition," Yan Yingzhen sneered, "but it doesn't matter. At this point, no one can stop it. Pile takeovers, and unless the president orders it, the Supreme Court puts a stop to the takeovers. But the problem is, the president won't order it, and the justices won't interfere."

As those in opposition had expected, the news caused an uproar in the Stars and Stripes.

"Are we going to sell the pride of the Stars and Stripes to the people of Huaguo! This is a betrayal of national interests!"

"We can't let Chinese people wave checks on our land and buy like shopping in a supermarket! We should resolutely fight back!"

"Our politicians are all clowns! They allowed such a thing to happen! We should confiscate the assets of these Huaguo companies and take revenge!"

It was obviously just an ordinary acquisition, an ordinary commercial activity, but with the help of people with good intentions, it turned into a small-scale anti-China movement.

Warner Bros. Pictures is a subsidiary of Warner Bros. Entertainment; Warner Bros. Entertainment is a subsidiary of Time Warner.

Time Warner is a media industry giant with a market capitalization of more than $180 billion.

However, unlike on Earth, Warner Bros. Pictures has experienced several major decision-making mistakes on Azure Star, and the signs of decline are very obvious.

But no matter how it declines, it has always been the top three film companies in the Stars and Stripes, and has produced countless excellent film and television works. Many people grew up with its opening animations.

To say it is the symbol of the Stars and Stripes would be an exaggeration.

But there is nothing wrong with saying that it is one of the many symbols that make up the image of the Stars and Stripes.

Although in recent years, Warner Pictures has declined a lot, its market share has been decreasing, and its box office revenue has also plummeted.

But it is still a time-honored brand after all.

Therefore, this acquisition really touched the sensitive nerves of many Stars and Stripes people.

There were small-scale demonstrations of populists everywhere, and some people held placards to demonstrate in front of the Time Warner Group building, and many people protested on the Internet.

On Twitter and other social media, topics related to Warner Pictures are also quite hot.

According to public opinion surveys, about 58% of the respondents expressed their disgust and disapproval of the acquisition.

31% of the respondents said they couldn't tell, didn't care, or didn't pay attention.

Only 11% supported the takeover.

The public opinion is simply boiling.

But just as Yan Yingzhen said, at this point, no one can stop the acquisition.

Because, in Dahua Country, public opinion is the heart of heaven.

But in the capitalist Stars and Stripes, public opinion is something that capitalists play with at will.

With a slight push, it will lie down on its own, pat its buttocks and it will turn over, and when it lifts its legs, it will come up and move on its own. It is very obedient and well-behaved.

The progress of the acquisition, moving forward slowly but surely.

"I don't think there is any need for us to make the situation so ugly. Even if the acquisition will not be affected, we should consider the smooth operation after the acquisition is completed. Otherwise, let me come forward and say a few words!" Du Caige proposed.

Of course Yan Yingzhen would not object: "Okay. Although it doesn't really matter, if you can do it and improve the situation, then of course I'm happy to see it happen."

"What if I don't do well and even cause the opposite effect?"

"That's okay, it's still the same sentence, and now, no one can stop this acquisition."

Du Caige confidently updated a tweet.

"I am the second largest shareholder of Juzhi Investment Company, which acquired Warner Pictures. We will inject new funds into Warner Pictures and bring a series of big productions. For example, the filming of "A Song of Ice and Fire"."

A very simple dynamic.

However, it turned public opinion in an instant.

Retweets, comments and likes quickly surpassed 200,000 times.

Although some netizens still have some resistance, most fans of "A Song of Ice and Fire" still leave messages to express their support.

"Warner has made bad movies these years, and my patience with Warner has run out. It would be nice to let Hemingway take over, as long as I can see A Song of Ice and Fire on the big screen."

"Hemingway represents the cultural invasion of Great China? Let me say, let this kind of invasion be more violent. At least we can hear more excellent songs and see more excellent ones."

"Is there enough money for Juzhi to invest? If not, let's crowdfund some. Everyone will become shareholders of Warner Bros. In this way, when filming 'A Song of Ice and Fire', we can justifiably offer opinions as shareholders."

"If someone else comes to buy Warner Pictures, I'm against it. But Hemingway, I think he can revitalize the obviously declining Warner Pictures. If Warner Pictures has to be sold, then the company sold to Hemingway is the best s Choice."

"It's actually very simple. Hemingway is a billionaire, but on top of that, he is a real artist. He has an almost demanding pursuit of art. Listen to those songs of his, watch his, and you can understand this. One point. So I support Hemingway to take the helm of Warner Pictures, and I believe that after he takes over, Warner Pictures will be able to produce more beautiful films."

In the latest round of opinion polls, the support rate for Juzhi Investment to acquire Warner Pictures has risen dramatically.

47% of the people expressed their support for the acquisition of Juzhi Investment, 24% of people could not tell and were still waiting and watching, and those who resisted it dropped to 39%, a drop of 19 points.

For a democratic country like the Stars and Stripes, it is political correctness for the minority to obey the majority.

The last line of defense against takeovers has been overcome.

July 3, the last working day before the Independence Day holiday.

Juzhi Investment and Warner Bros. Entertainment have successively issued public statements that the acquisition of Warner Pictures by Juzhi Investment has been completed.

Previously, Warner Pictures had a market capitalization of approximately US$12.5 billion and a debt of US$9.8 billion. The debt ratio was astonishing.

A company engaged in film and television should be a cash cow.

But with such a high debt...I really admire the ability of Warner Pictures executives to lose money.

Of course they are not all.

If she really had nothing, Yan Yingzhen wouldn't have to go out of her way to buy them.

Warner Pictures actually owns many high-quality assets, especially many precious copyrights.

Juzhi Investment acquired 36% of Warner Pictures from Warner Bros. Entertainment and 19% from other major shareholders, holding a total of 55% of the shares and becoming the largest shareholder of Warner Pictures.

As a listed company, Warner Pictures still has 35% of its outstanding shares, Time Warner still retains 5% of its shares, and almost 5% of its shares are in the hands of other small and medium shareholders.

Yan Yingzhen plans to take back 2-5% of the shares in the future.

The price of the acquisition was not disclosed, but it was actually quite favorable.

Because for Time Warner, Warner Pictures is already a non-performing asset, and the $9.8 billion in debt means that a huge amount of interest has to be repaid every year.

And in the near future, part of the loan will have to repay the principal and interest.

In the past few years, Warner Pictures has lost hundreds of millions of dollars every year.

In the 2009 fiscal year alone, it lost nearly 1 billion US dollars.

Think about it, when Warner Bros. Pictures entered the millennium, it was still an entertainment giant with a market value of more than 40 billion yuan, with an annual revenue of more than 5.5 billion US dollars, which is embarrassing.

However, Yan Yingzhen is confident that in the next 10 to 20 years, Warner Bros. Pictures will be restored to its glory and her investment will be rewarded in excess.

"It's not as easy as you said." Du Caige was a little worried, "You also said that the price was favorable. The acquisition cost 3.2 billion US dollars, only got 55% of the shares, and was responsible for repaying all 9.8 billion US dollars in debt. How can I It feels like a loss. You count, 55% of the market value of 12.5 billion US dollars is 6.875 billion US dollars. Subtracting 9.8 billion in liabilities, it is a negative 3 billion US dollars. It means that we spent 3.2 billion US dollars, and a penny is good. None, but with $3 billion in debt!"

"Hehe," Yan Yingzhen chuckled, "You don't understand business, that's not how accounts are calculated. In short, you have to understand that we actually made a small profit from this deal. Of course, Time Warner is not losing money either."

"We make a small profit, and Time Warner doesn't lose money, so who loses?"

"No one really loses money. This is the secret of capital operation. Time Warner stopped the loss in time and dealt with the non-performing assets. Of course, it deserves it. And we, you see, we just completed the acquisition, and the stock price of Warner Pictures rose by 10%. Do you think we are losing money?" Yan Yingzhen smiled, "If in the next 10 years, we can restore Warner Bros. Pictures to a market value of 40 billion U.S. dollars. 55% of 40 billion is 22 billion U.S. dollars, which means we spent 3.2 billion U.S. dollars, but got a return of 22 billion U.S. dollars. Do you think it’s a huge profit?”

"Is that how it is calculated? I always feel that something is wrong." Du Caige was very puzzled.

"You don't understand, that's because you don't understand the operation of capital," Yan Yingzhen held a starry sky whiskey glass and twirled it gracefully at her fingertips. Of course, the glass contained lemon juice, without any alcohol. Her sexy red lips are naturally rosy without lipstick, slightly upturned, and she smiled confidently, "Don't worry, I am not as good as you when it comes to literary creation and music creation. You are not as good as me when it comes to capital operation. Lie down obediently and don't move around , see sister take you to make money."

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