Resource Tycoon Reborn
Chapter 206 Warner Bros. in Distress
Warner Bros. Entertainment is an American veteran Hollywood film company, one of the most important subsidiaries of Time Warner, and one of the world's largest film and television entertainment production companies. Its companies are involved in many fields such as film, television, comics, games, animation, etc.
, such as the "Superman" series of movies familiar to movie fans, as well as the "Batman" series, "Ocean's Eleven", "Time Machine", "The Last Samurai" and other movies are all produced by Warner Bros., a subsidiary of Warner Bros. Entertainment Company
Produced or distributed by the film industry, the turnover in 2004 was nearly 10 billion US dollars! It has an extremely important position in the global film and television entertainment industry.⊙,
But Warner Bros. Entertainment is not without its worries. First of all, the parent company, Time Warner, is unsettled. In the board of directors, there has been talk of re-spinning AOL. And just two thousand years ago, AOL and Time
When Warner announced the merger, there was a lot of praise from within the company and from the external media. Although there were some unpalatable opinions, all of them were suppressed by these voices of praise.
After the merger of the two major companies, the new company will integrate television networks, movies, music, comics, animation, magazines, and the Internet. Users of the original AOL can now enjoy Time Warner's rich media and
Entertainment resources, and Time Warner has also gained a huge number of users. The combination of powerful companies will greatly increase the company's competitiveness, allowing it to better face those competitors who are confused by the bright prospects.
As a result, just over two years later, a series of contradictions and troubles were exposed. AOL Time Warner was embattled on all sides. The company's performance declined sharply and it suffered huge losses. As a result, the stock price also
It has shrunk significantly, from nearly 60 US dollars per share at its peak to less than 10 US dollars per share. Although it has rebounded since then, the company's market value has dropped by more than 260 billion US dollars! It has even made the former Time Warner people
What is unacceptable is that the company was even exposed to a financial fraud scandal, and the company faced in-depth investigations by the U.S. Securities and Exchange Commission and the Department of Justice into its financial fraud!
The culprit is AOL. In order to achieve the purpose of merging the two companies, they repeatedly violated accounting standards by packaging the revenue from legal disputes as advertising revenue, exaggerating revenue through warrants, performing triangular transactions in exchange for advertising, and using loops.
By trading fictitious income, investing in exchange for advertising, and exchanging equipment for advertising, they successfully achieved the goal of merging with Time Warner. This also explains why AOL's shareholders accepted what seemed to be unfair.
The merger plan! Many people suddenly realized it.
The original merger of AOL and Time Warner was carried out through a share exchange. According to this plan, Time Warner shareholders will exchange the shares of the new company at a ratio of 1:1.5, while the share exchange ratio for AOL shareholders will be
One to one. In this way, after the merger of the two companies, AOL shareholders will hold about 55% of the new company's shares, while Time Warner shareholders will hold the remaining 40%.
5. Based on the market value at the time, America Online's market value was almost twice that of Time Warner. Therefore, after the merger, it should account for two-thirds of the new company's shares. This is why people at the time generally believed that the United States
Time Warner Inc. was swallowed up by the online company.
The shareholders of AOL have screwed up the shareholders of Time Warner. Ted Turner, the former largest individual shareholder of Time Warner. Later served as the vice chairman of the new company. He originally served as the vice chairman of the new company when the new company was established.
Of the shares worth more than 7 billion U.S. dollars, when the stock price was at its lowest, only a fraction was left. Huge property losses naturally led to constant conflicts and contradictions between the shareholders of the original America Online Company and the shareholders of the original Time Warner Company.
Moreover, the previous conflicts between the two companies were not limited to the top management, but also at the middle and lower levels. Due to the differences in corporate culture between the two companies, employees from both sides also disliked each other. The former AOL employees believed that the former Time Warner
All the employees at the company are old-fashioned. And the employees at the former Time Warner were not used to the unruly IT style of the employees at the former AOL.
In 2003, the company changed the name of AOL Time Warner back to Time Warner, and the company's logo was also changed from the original AOL logo to the logo of Time Warner before the merger.
It can be said that since the merger of the two major companies, they have been struggling in the past few years. Time Warner has been greatly weakened by this. Warner Bros. Entertainment, as a part of Time Warner, is naturally not immune. The man who once dominated Hollywood
Warner Bros. Entertainment would be having a hard time if it hadn't been for the box office success of several of its "Batman" movies.
Rolle Richard Mbah a Moute is the chairman and CEO of Warner Bros. Entertainment and a director of Time Warner. He has been physically and mentally exhausted for several years. Warner Bros. Entertainment's current situation in Hollywood is not optimistic. Hong Kong Jin
The strong rise of Kumho Film Group Company can be said to have disrupted the old pattern of Hollywood. Driven by the rise of Kumho Film Group Company in Hong Kong, the status of Emerald Bird Film Group Company and DreamWorks Film Company in Hollywood has also emerged.
Strong growth. In addition, Columbia Pictures, which was acquired by Sony, has got rid of its sluggish appearance for many years and has once again entered the ranks of profitability.
Of course, it is not that Warner Bros. Entertainment has not profited from it. His New Line Film Company has made a lot of money by cooperating with Hong Kong Kumho Film Group Co., Ltd. because of "Dead Man" and "Lord of the Rings"
.However, although Warner Bros. Entertainment has a controlling stake in New Line Cinema, the chairman of New Line still enjoys the company's independent operating rights, so it does not count as having anything between Warner Bros. Entertainment and Hong Kong Kumho Film Group.
Formal cooperation. Now Twentieth Century Fox has cooperated with Hong Kong Kumho Film Group Company, and MGM Film Company also has a new boss. Both of them gained fame and fortune in "The Devil Wears Prada". Luo
I feel that all of these former opponents are developing, but Warner Bros. Entertainment has not only failed to develop in the past few years, but has actually regressed! This result naturally cannot satisfy Rohr.
Rolle hopes that Warner Bros. Entertainment can revive the company's glory through one or two blockbuster movies, but he also knows that his idea also carries huge risks. The taste of the audience is not so easy to grasp.
, especially in today's Hollywood, hundreds of millions of dollars are often invested in a movie. If it cannot get a good box office, it will not even be able to recover the cost. Although Warner Bros. Entertainment is a big company, it will not be as big as
Like those small companies, they are facing bankruptcy and acquisition due to the failure of one or two movies, but at this time, it is also something that severely damages the morale of the company's employees.
Therefore, Rolle can be said to be cautious in selecting films. However, although there are many scripts in Hollywood, there are very few that can guarantee at least not losing money. Although the "Batman" series has guaranteed box office, Warner Bros.
Entertainment companies cannot always rest on their laurels. Hyping a subject too frequently will inevitably cause dissatisfaction among fans.
This has caused the management of Warner Bros. Entertainment, including Rolle, to have a very headache recently. 2005 is almost over. If it is not possible to book the movies to be shot, then in 2007
, Warner Bros. Entertainment's blockbusters may have to open the door.
However, everything changed when Luo Er received a call from Japan. Fang Mingyuan, the president of Hong Kong Kumho Film Group, invited him to Japan to discuss the new film cooperation between Hong Kong Kumho Film Group and Warner Bros. Entertainment.
!
When he received the news, Rohr stood stunned for a long time, and then he was overjoyed. He immediately asked his secretary to arrange an airplane. If it weren't for the fact that transoceanic flying requires relatively high performance of the airplane, and he would have to do some things for such an important meeting.
After getting ready, he took the company's business jet and flew there directly.
In the luxurious waiting room of the airport, the accompanying assistants peeked at their chairman from time to time with some surprise. Rolle's uncontrollable smile made them feel very strange. In the past few years, that is, "Batman"
》 series of movies achieved good global box office, Rolle would be so happy. Normally, Rolle is very serious. And this sudden decision to rush to Japan without warning also made them a little confused.
Luo Er did not notice the strange looks of his subordinates at all. At this time, all he could think about was the cooperation between Hong Kong Kumho Film Group Company and Warner Bros. Entertainment. After the initial excitement, Luo Er calmed down a bit.
He began to wonder why Hong Kong Kumho Film Group suddenly chose to cooperate with Warner Bros. Entertainment. You know, the two companies have not had any direct intersection in the past, except for New Line Cinema, but he believes that New Line
The person from the film company should not say anything good about Warner Bros. Entertainment in front of Fang Mingyuan. If he can not say anything bad about the company, it is already very good.
Moreover, Warner Bros. Entertainment and Hong Kong's Kumho Film Group are also out-and-out competitors. They have fought many times in the "war" for the film market, but basically Warner Bros. Entertainment's movies have never won.
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