Chapter 642 Farce
As time just entered August, Eric was still pretending to negotiate with Peter Schneider, the topic of Fireflies closing the hand-painted animation department, which had already become cold after a hot discussion at the end of June, seemed to have suddenly become increasingly popular again.
For a time, "Eric Williams had a fierce conflict with senior executives of Disney animation department", "Disney animation department employees were dissatisfied with the company's treatment and would leave as a whole", "The Lion King" will become the ultimate Disney 2D animation" and other news appeared in the newspapers.
Because the expected total profit of "The Lion King" will exceed US$1 billion, the return on investment reaches an astonishing 2,000% for production costs of less than US$50 million, far exceeding the profit margins of other live-action movies in the summer. Therefore, if Firefly is a listed company, even if it is favorable for many box office big-time movies in the summer, the stock price will inevitably decline sharply due to the news that Disney's animation department may fall apart.
Under this powerful Yulun offensive, soon all the bystanders who obtained relevant news through different media developed the idea that fireflies were about to lose Disney's hand-drawn animation department.
Organizations and media that are closely following this matter have speculated that besides Disney animation departments, there are other forces that are putting pressure on the Firefly Group in this way.
In their opinion, Firefly will never give up the Disney animation department easily in the face of the huge profits of "The Lion King", but at the same time, Disney animation department cannot have such a wide media influence. After all, Disney Animation is a subsidiary of the Firefly Group's subsidiary, and the media resources it originally owns are basically in the hands of the parent company. It is impossible to cause such a big storm alone.
Moreover, compared with the pressing of the media like a black cloud, Firefly Group's response to a series of news seems to be a little overwhelmed, and most analysis agencies have concluded that Firefly will be forced to surrender to Disney's animation department.
On the second Monday in August, Ron Perelman, chairman of Andrews Holdings, headquartered in Manhattan, New York, was a creditor of Firefly Pictures. He also joined hands with 27 other creditors holding Firefly long-term bonds to issue a public statement, expressing concerns about the internal turmoil caused by a series of wrong decisions by Firefly. At the same time, in order to protect the interests of creditors, Ron Perelman publicly filed a demand to Firefly shareholders, hoping to join the Firefly Board of Directors as creditors and participate in the decision-making and operation of Firefly Group. If the Firefly Board of Directors refuses this request, Ron Perelman said he will file arbitration with the Federal Securities and Exchange Commission.
Immediately afterwards, Peter Schneider in Los Angeles and Roy Disney, an important member of the Disney family, issued a statement on behalf of all employees of the Disney animation department at the same time, expressing strong disappointment with Firefly's series of group decisions. At the same time, welcoming Firefly creditors' participation in the group operation, and hopes Firefly shareholders will carefully consider the matter.
In order to avoid the news leaked in advance, Ron Perelman and his 27 creditors held a total of only $3.6 billion in Firefly bonds, less than half of Firefly's total bond ratio.
After Ron Perelman issued a statement, all the media and institutions that were closely following the storm in early August instantly understood the ins and outs of the matter. Ron Perelman also called on other Firefly creditors at the press conference. However, when other creditors were still considering the pros and cons, Peter Schneider and Roy Disney's statement of support made them instantly make a decision to turn to Ron Perelman's side.
"It was very fast to establish a creditor alliance in just three days. I was just a little curious. How do each creditor agency want to allocate the two directors they hope to get?" During the Firefly's meeting, Eric looked at the latest information in front of him and said sarcastically.
Carsonberg looked at Buffett and other directors present and said, "Eric, I think you have completely complicated this matter. We didn't need to experience such a lunar crisis. Although we are non-listed companies, if we have a stalemate with our creditors, it will have a great negative impact on Firefly's future financing behavior."
"It must be the same for everyone, right?" Eric looked at the other people and smiled, "Actually, I did this. I wanted others to regard what is about to happen later as a revenge. I want Marvel Entertainment, which is more urgent than all of you imagined. Now this purpose is no longer necessary to hide from everyone, and in the future everyone will find out. In order to get Marvel, it is definitely worth it to provoke a farce that will not have any substantial impact on Fireflies."
Although Marvel Entertainment is a listed company, it is similar to MGM's holding model. Most of Marvel Entertainment's shares are also controlled by Ron Perelman's Andrews Holdings Group.
If you want to acquire Marvel, it is impossible to absorb Marvel Entertainment shares from public channels. The only way is to launch an acquisition from Marvel Entertainment. If other companies do this, Ron Perelman will definitely decisively turn the blame on this mess that has been burdened with a large amount of debt and has suffered losses for years. In the original time and space, even Michael Jackson almost became a potential buyer of Marvel. However, Firefly is not good, because Firefly's current performance is really eye-catching. Once Firefly opens an offer for the acquisition, it is equivalent to telling others clearly that I have a crush on the copyright of some of Marvel's characters. Come and grab it with me. The result can be imagined.
It can be imagined that while competitors join the bidding to raise the Marvel acquisition price, a shrewd businessman like Ron Perelman will definitely not miss this opportunity. Once it is confirmed that Firefly is determined to win, Ron Perelman will definitely take the opportunity to speak out. At that time, Firefly may again welcome an individual shareholder with a large shareholding ratio. Look at the mess of Marvel, you will know that such a shareholder is definitely not what any company wants to see.
Inspired by Ron Perelman's attempt to join the Firefly Board as a creditor, after more than a month of secret deployment, Eric determined that the chips they obtained in their hands at this time would definitely allow Ron Perelman to spit out Marvel obediently, and there was no second way to go.
Chapter completed!