Rebirth of the Strongest Tycoon
Chapter 915: A strong presence in Hollywood
The good news is that Goldman Sachs has officially secured the thorny American gambling tycoon Kirk Kerkorian, and has completed the acquisition of MGM Studios by spun off from MGM Hotel Group.
I don’t know where the news was leaked. The Wall Street Journal, Los Angeles Times and New York Times and other media reported the news and analyzed the impact of Goldman Sachs’ official involvement in Hollywood on the American film industry.
The major powers of Wall Street and Hollywood have been alarmed.
Although Goldman Sachs Group is a capital giant on Wall Street, it is also the core force of the Jewish group. Generally speaking, the voice and influence of Jewish forces in Hollywood will expand again!
"Lion" MGM has won the strong backer of Goldman Sachs Group, does it mean that it is about to rise again?
Will "Lion" once again ascend to the top of Hollywood and dominate the film industry?
Major media rushed to the gate of Goldman Sachs Group's headquarters to block the door, trying to get the most accurate information.
But well-informed Goldman Sachs executives are tight-lipped, and uninformed employees can’t ask any questions.
At a time when the opinions were divided, the person in charge of the acquisition project of Goldman Sachs Group came to Polaris Capital Company in a low-key manner to formally hand over the equity of MGM Pictures and complete the second half of the agreement agreed at the beginning.
North Star Capital spent a total of 184 million US dollars to buy MGM Studios wholly, and Goldman Sachs also made tens of millions of dollars.
MGM Pictures is in hand, marking Xia Yu's official foothold in Hollywood.
Although MGM Studios is now at the bottom of Hollywood, no matter what, giants are still giants!
Although $184 million is cheap, it was acquired at a premium to net assets.
Most of the film companies are virtual assets, because the value of the huge film library cannot be estimated, and the value is different in different periods.
If it is put into the Internet era of later generations, and the value is really discovered, even if it is to buy a film library, it is almost the same as adding a zero to the end of the 184 million US dollars!
Now, even if the debt is deducted, it still costs this price, which shows that MGM is not a small company.
Let's look at Columbia Film Industries, which is also one of the eight giants in Hollywood. It has not been delisted like MGM, and its market value is only more than 280 million US dollars!
Of course, because Columbia Pictures has been listed, and the stock price is prone to volatility, it will be much more difficult to acquire. If it is fully acquired, it will definitely exceed the market value of more than 280 million US dollars.
This is one of the benefits of being listed!
After Polaris Capital took over MGM Studios, Peter Lynch immediately sent someone to MGM Studios to take over.
Many reporters have long been squatting at the entrance of MGM Studios. When the staff of Polaris Capital entered the office, the news spread immediately.
The news of Goldman Sachs' acquisition of MGM Studios was still on the paper, and even more exciting news came out immediately.
MGM Pictures once again made the headlines of major newspapers and TV!
It's just that this time, there is a third party born out of nowhere - Polaris Capital Corporation!
Goldman Sachs Group and Polaris Capital join forces to hunt "lions"! --"New York Times"
Polaris Capital Corporation! A financial giant not inferior to Goldman Sachs Group! --The Wall Street Journal
"Lion" changed hands again,
Can Polaris Capital make the Lion King dominance again? --The Hollywood Journal
Polaris Capital is hunting "lions" strongly, and the film industry is about to explode? --"Washington post"
...
Such a reversal not only made melon eaters shout "ohmygod", but also shocked Wall Street and major forces in Hollywood.
Polaris Capital seems interested in making headlines.
Just four days after MGM Studios was acquired.
On January 4, 1981, another piece of news shook Hollywood!
United Arts Season (United Artists), one of the eight major Hollywood giants, was wholly-owned by Polaris Capital at a price of US$60 million!
And on the day of the acquisition, Polaris Capital announced that Lianmei Pictures would be merged into MGM Pictures in the future!
This means that the Big Eight of Hollywood will become seven!
This will have a profound impact on the power structure of Hollywood.
Pure MGM Pictures and United Pictures are the bottom of the eight Hollywood giants.
But now that the two are one, the most obvious point is that MGM Studios' film library is going to be number one in Hollywood!
Moreover, the merger of the two giants will increase the influence and competitiveness of MGM Pictures, and it will have the qualifications to wrestle with other giants.
With the backing of the menacing capital giant-North Star Capital Corporation, no one can predict how much change MGM Pictures will have.
The other six Hollywood giants are on guard, wary of MGM Studios.
And the circle of independent producers, who are heavily reliant on MGM Studios and United Artists, is even more chaotic, and all stakeholders want to know how MGM Studios treats them.
But these have nothing to do with Xia Yu for the time being, and he didn't have the heart to pay attention to the feelings of these people.
He is now struggling to find the right "Lion Knight".
MGM Studios was spun off from the MGM Hotel Group, and there is no one at the helm. If it hadn't been for Polaris Capital to stabilize the situation, it would be a mess right now.
In addition, Lianmei Pictures will also be merged into MGM Pictures. In order to maximize the use of resources, Xia Yu urgently needs a talent who knows Hollywood and has outstanding ability to take charge of MGM Pictures.
I don't know how many pairs of eyes are on Northstar Capital Corporation and MGM Studios in the United States now, and how many people are looking forward to seeing jokes.
The major forces in Hollywood, especially the six giants, have yet to exert their boycott methods. If they collapse first, Polaris Capital will become the laughing stock of the United States and a shame in the financial industry!
When it came, it was aggressive, and when it went away, it was enough to make Polaris Capital Company recorded in Hollywood history and become a laughing stock through the ages.
Xia Yu can't afford to lose this face!
So he immediately launched Korn Ferry to screen for suitable candidates.
He also combined the memories of later generations to find the "Lion Knight" from the real power bigwigs in Hollywood!
Xia Yu's first target is Mike Eisner, the Bismarck-style leader who is now in charge of Paramount Pictures.
The Hollywood tyrant, who has played the role of savior twice in the early 1970s, turned ABC's near-defunct ABC back to life.
Now at the helm of Paramount Pictures, in just four years, Paramount Pictures, which ranked at the bottom, has been brought into the top three again, and the upward momentum is still fierce.
If history does not change, he will be poached by Disney in 1984. Through a series of drastic reforms, including the crazy development of brand-driven product sales, upgrading Disneyland, and opening a film and television department that produces non-G-rated movies, it has been effective. The move made Disney an industry leader within a few years, with The Lion King, Beauty and the Beast, and Pocahontas being marketed around the world.
And through step-by-step acquisitions, Disney has expanded into the television and publishing industries, becoming a giant-style cross-media conglomerate.
Although "tyrant" Mike Eisner has mixed reputations, it is undeniable that his ability is extremely powerful.
Unfortunately, in the face of Korn Ferry's poaching, Mike Eisner simply refused.
Korn Ferry decisively changed the target, and took aim at Warner Bros. President Terry Semel and General Manager and Vice President Robert Daly.
These two work together to build Warner Bros. into the world's largest and most creative media and entertainment company in the future.
Not only that, but Terry Semel later became the president of Yahoo. If MGM Pictures hired him, it would be enough for him to kill him in the early 2000s, and Xia Yu didn't need to replace him!
But unfortunately, these two refused without hesitation. Both of them have only worked in Warner Bros. for three years. They have taken Warner Bros. on the fast track of rise and are now enjoying the rise of the company. Pleasure, how could it possibly be willing to take the helm of MGM Studios at the bottom?
In the past few days, Korn Ferry failed to poach people one after another, and the news leaked out. Some media began to ridicule MGM in public.
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