Chapter 634 is too generous
I don't know how long it took, but there was still a lingering sense of inexplicable ambiguousness in the office. Kelly Haynes sat decently across the desk, holding a pencil in his hand to help Eric supplement the music score according to his memory just now, and occasionally answered the questions raised by the man opposite him. ≤,
There is no need to worry about Eric's finding that Ron Perelman bought Firefly Group bonds in the Los Angeles Times in the morning, whether it was Carsonberg or Chris of New York. Buffett, who held the same viewpoint, also handed over a detailed handwritten letter to Eric in an attempt to reassure him.
Because there are many precedents, it is not difficult to guess that Ron Perelman's thoughts are not difficult to guess. This Wall Street Wolf is likely to want to take advantage of the internal reform of Firefly animation department, take advantage of the opportunity to join other creditors to join the Firefly Board of Directors to obtain quotas of directors and participate in the group's operation and management decisions.
If you think about it longer term, this is just the first step in Ron Perelman's plan.
After successfully joining the Firefly Board of Directors, Ron Perelman needs to wait for the moment when Firefly business is in trouble.
Film and television media have always been very risky industries. Although Hollywood has experienced ups and downs for a hundred years, it is still the major film companies. But in fact, the owners of these film companies have changed many times. Every time the film company fails to experience bankruptcy due to a film failure, the original owner may take the initiative or be forced to transfer it to the next one.
After the current bond issuance is completed, Firefly Group's cumulative debt will reach US$10 billion. According to various interest calculation formulas for different bonds, the total amount of final repayment is expected to be around US$15 billion. According to the average ten-year bond time limit, Firefly Group's average annual debt expenditure will be US$1.5 billion. Of course, this is just theoretical data, and although it seems that this number even exceeds Firefly's annual profit in the previous years. In fact, based on Firefly Group's annual market value and revenue growth expectations, as well as the complex tax exemption system, this expenditure will not become a burden to Firefly Group.
However, all of this has one premise, that is, Firefly's operating performance has been in good condition.
However, in the concept of all industry insiders, it is almost impossible for a media group with film and television business as the core to maintain a stable performance level. Perhaps the failure of several major production films or TV series in the next one or two years may cause the Firefly Group's financial difficulties. Moreover, when the "locomotive" is insufficient, the domino effect formed will also cause the downturn in other businesses, and thus form a vicious cycle.
What Ron Perelman is waiting for is the moment in the future.
Once the Firefly Group encounters difficulties, creditors can make debt-to-equity conversion requests to the Federal Transaction Commission and the Firefly Board of Directors under the banner of protecting the safety of their own funds, so as to turn the creditor into the owner of the Firefly Group.
In the original time and space, MGM, which is burdened with huge debts, has been hovering on the verge of being dominated by creditors more than once.
In the handwritten letter from Buffett, the sharp-eyed investment tycoon analyzed that Ron Perelman's attempt to launch this attack, and the biggest reliance is probably to join forces with Disney's hand-drawn animation department to put pressure on Firefly shareholders. Buffett said that if he had not seen the information that night, because the huge profits that "The Lion King" expected to create, he would judge that Eric would preserve the foolproof Disney's hand-drawn animation department at all costs, and this might also threaten creditors to join the board of directors.
However, since Eric already has sufficient reason to resolve to reform Disney's animation department, the threat chips that Ron Perelman relies on were no longer established from the beginning. Buffett also sincerely stated that even if other situations occur, Berkshire Hathaway will stand firmly on Eric's side and can provide the maximum help.
After reading several documents, Eric looked up at Kelly and asked, "Have you read Buffett's letter?"
Kelly shook her head and asked in confusion: "What's wrong?"
"Look first." Eric handed over Buffett's handwritten letter.
Kelly quickly read the content on the letter paper, thought for a moment, and said, "I don't think there is any problem, what Buffett said makes sense."
"I'm not referring to this. Look at the last paragraph."
Kelly read the last paragraph, her beautiful eyebrows frowned slightly, and after thinking about it, she said: "Buffett promised Berkshire Hathaway to stand firmly on Fireflies. It seems that there is no problem. I think this is a good thing."
"According to Buffett's personality that has already turned the pursuit of profit maximization into instinct, don't you think this promise is too generous?"
Kelly smiled and said, "Eric, you are too suspicious. I think Mr. Buffett is more likely to be interested in your ability and want to take you to Berkshire Hathaway as his successor, haha."
Listening to Kelly's joke, Eric laughed and stopped worrying about this issue.
After browsing all the information quickly, Eric suddenly thought of the pigeons being released by Peter Schneider this morning, and looked up and asked, "Did you see Peter Schneider at today's regular meeting?"
Kelly said: "No, shouldn't he and Roy Disney come to your side?"
Eric frowned and quickly said, "Kelly, help me find out what they were doing?"
Kelly noticed Eric's sudden serious look and said, "Now?"
"Yes, now, right now."
Kelly nodded, took out her mobile phone and address book, searched for it and started making the phone call.
Eric picked up a pen and quickly wrote information on a draft paper on Firefly Group, Disney Animation Department, Ron Perelman, Chris, Buffett, David West, etc., and connected the relevant words with his commonly used lines, quickly forming a net.
Eric soon filled in another word in the blank space in the middle of this net.
Not long after, Kelly put down the phone and said to Eric: "Their private phones cannot be reached. I only found out that Peter Schneider and Roy Disney went to New York. The specific situation is not clear."
When Eric heard New York, he basically understood and said, "No need to check, they must have gone to see Ron Perelman."
Kelly immediately thought of the intention of these two executives to meet Ron Perelman, and asked, "What should I do now?"
Eric's smile became a little mysterious. He said, "This is a good time to be too tit for tooth."
Kelly was a little confused, and Eric continued, "Tomorrow is the premiere of "Charlie's Angels"?"
Kelly recalled Eric's schedule and asked, "Didn't you say you didn't plan to attend?"
"Go, you must go. And everyone will go together," Eric patted the tabletop lightly and said, "The three old men who are still in Los Angeles, and Chris from New York, let him fly over tomorrow. Well, there are also Carsonberg and Michael Lynn..."
After thinking about it, Eric did not continue to add people.
The few people mentioned just now are all community of interests closely related to Firefly Group. Needless to say, Buffett and the three shareholders are shareholders, Chris is definitely trustworthy. Carsonberg is Firefly's next CEO. If he can't even trust, Eric doesn't need to continue playing in Hollywood. Although Michael Lynn is about to resign, he is also a small shareholder of Firefly Group.
As for other senior executives, Eric temporarily gave up the idea of telling them. After all, the fewer people know about something in his mind, the better.
Oh. It seems that there is another insider.
In the original article about the analysis of the 2D animation industry, Eric specifically asked different employees in the assistant office to collect different information. The final summary was done by Kelly himself, so she was the only one who could appreciate the full picture of the "link of evidence". Moreover, whether it was Kelly's identity as Eric's first assistant or the current intimate relationship between the two, Eric didn't want to exclude her.
Eric looked at Kelly Haines in front of him and smiled, "You come together tomorrow, after watching the movie, let's talk together."
Kelly also realized at this time that tomorrow is definitely not as simple as watching a movie, and something must be about to happen. However, Eric's unhesitant trust also made her heart warm.
"Then I'll inform them first?"
Eric shook his head and said, "I'll call these calls in person. Just help prepare a few premiere invitations. In addition, don't forget to send a car to pick up Buffett and the others tomorrow. With Buffett here, the three old men will definitely not be willing to spend money. If they appear on the red carpet in a taxi, I can't afford to lose this person."
"Haha. OK."
...
After experiencing a record-breaking box office of more than $46 million in the first weekend, the total box office reached an astonishing height of $69 million in the first seven days. Correspondingly, the western film "The Law Enforcement King" whose production cost alone reached more than $63 million was only a pitiful first week of box office of just over 10 million. Warner's big-time production film originally aimed at sniping "The Lion King" not only failed to fulfill its "mission", but instead fell in "The True Lie" outside of "The Lion King", "Star Trek 7" and "Save Private Ryan", it completely became the cannon fodder work in this hot summer season.
Faced with a direct loss of more than $70 million, in order to give shareholders an explanation, Warner involved the director, producer and corresponding executives of "The Law Enforcement Force" and became the second batch of unlucky guys in Hollywood's "Speed off Season" after Paramount's "Beverly Hills Detective 3".
Eric himself did not expect that Kevin Costner had already experienced a silent tragedy before "Future Water World". The first "Mission Impossible" in this time and space has entered post-production. Eric has seen the sample in detail. He is still very satisfied with the shooting results of Kevin Costner's version of Ethan Hunter and Brian De Palma.
Therefore, the only thing Eric is worried about after "The Law Enforcement Warrior" is that "The Future Water World" will be ruined because of this. If this film had not been "strengthened", then Flower Pictures would definitely have spoken against Kevin Costner's Lion in the sequel to "Mission: Impossible".
The day before July, Eric secretly led the new version of "Charlie's Angels", held a grand premiere in Los Angeles.
After experiencing the 1988 "Rain Man", MGM has been silent for six consecutive years. During most years, no more than ten films were released, and no film has a box office of over 10 million yuan. After many twists and turns, the two new helms of MGM, Ceo Frank Marcasso and President John Cali, intended to complete the company's recovery plan by releasing "Jueling Bear Peak" and "The Last Phantom Heroes".
Now, the ten film production plans of DreamWorks Production Company and the 007 series restarted by its subsidiary United Company have become MGM's last attempt. Once it fails again, MGM's only way out is to go bankrupt and liquidate, and auction the company's assets to repay the huge debts it bears. The 75% MGM shares in the hands of Credit Bank of Lyon France will become a pile of waste paper.
Compared with the various thoughts that MGM executives, Credit Bank Lyon and major European shareholders of DreamWorks Production Company were nervous, worried or expectant, Eric was in a relatively relaxed mood. Eric had already spent enough effort on this film, from the script to the actors, from the director to the producer, Eric personally designated by the memory, and his participation in the progress of the film production and final editing was far greater than that of other films.
Judging from the several preview effects of the new version of "Charlie's Angels", the filmmakers and ordinary audiences who participated in the preview have given enough praise. If this film still fails, it can only be said that God will not bless MGM.
As for Eric himself, he has experienced so much glory since his rebirth. Although he has not become too far to expect failure, he will never be afraid of failure.
Although there was no plan to attend the premiere, since he changed his mind and appeared on the scene, Eric also made a dedication to his attitude. He accepted an interview with reporters on the red carpet and specially recruited the three girls to come with a series of photos to satisfy the gossip of the media on site.
When the three old Buffett men walked out of a luxury RV at the end of the red carpet, Eric immediately greeted him, said hello, and ignored the media people who became more excited because of Buffett's appearance, and led the three into the theater.
***
ps: Today's third update is 10,000
Chapter completed!