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Chapter 602 Dark Horse

In addition to "Four Weddings and One Funeral", the films released on February 11 also feature "The Millionaire" produced by Disney and "Baby Lover 2" by Columbia Pictures. The screen size of the two films is comparable to "Four Weddings and One Funeral".

"The Monopoly of the Little Devil" tells the story of a little boy who accidentally earned $1 million to fight wits and courage with a criminal who lost a huge sum of money. The previous work of "Baby Little Devil 2" starred Macaulay Calkin, and the creator of this sequel was replaced by another new child star.

Even if you don’t explain the content and just watch the names of two new films, it’s not difficult to imagine that you are continuing to follow the trend of “The Little Imperial”.

Daenerys Entertainment has long put aside the further development of the "Home Imperial" series, but Hollywood is obsessed with this children's film series that created a box office miracle. Of course, they have also made "innovations". For example, "The Money of the Devil" created a plot mode with a big vase that fits the Valentine's Day atmosphere.

Mainstream North American newspapers still have not reached a settlement with the Westeros system, but they are not polite in the face of these two follow-up works that compete with Daenerys Entertainment.

After the official release, with the public reputation of film reviews, the media comprehensive score of "Baby Little Lover 2" was only a pitiful 2.7 points. This is not the worst. The reputation of "The Little Rich Man" produced by Disney has completely collapsed. The mainstream media gave almost all negative comments. After the conversion, the comprehensive score was less than 1 point, only 0.9 points.

In comparison, "Four Weddings and One Funeral" is a natural negative buff in front of the paper media with Daenerys Entertainment. The comprehensive score only dropped from 9.5 points after the Sundance premiere to 8.6 points, which is still a classic reputation. "Variety" magazine praised "Four Weddings and One Funeral" as a "smart, interesting and alternative love movie with a strong infectious effect as warm as the winter afternoon sun'.

Not only the film itself, Hugh Grant, who had debuted in the early 1980s but was always unknown, has finally gained widespread attention with his outstanding performance in this film. Many critics specifically mentioned Hugh Grant's restrained but humorous performance in their articles.

Model-born Andy McDowell was also recognized as participating in a classic after "Sex, Lies and Video Cassettes".

As far as budget is concerned, the production cost of "Four Weddings and One Funeral" of $5 million and the same $5 million in publicity and distribution expenditure is not abundant, and the total cost of "The Monkey King" is not as high as the production cost of "The Monkey King". Simon understood from the beginning that if this movie is successful, it must gain word-of-mouth influence.

After all, the Westeros system and mainstream paper media have not publicly broken up. If it is just a commercial film with a medium reputation, traditional media can also mess up the reputation of the film through tendency public opinion. For excellent works such as "Four Weddings and One Funeral", facing the unanimous praise of a large number of film critics, more media have to follow the mainstream even if they are unwilling to do so, otherwise it will be a test of the IQ of newspaper readers.

Moreover, for the film destined to be classic, the media reputation is just icing on the cake. The rapid popularity of "Four Weddings and One Funeral" among the fans is the key. As the influence continues to spread, more and more viewers are influenced by the people around them and start buying tickets to enter the venue.

The Daenerys Entertainment distribution team responded equally quickly.

When the box office results were released on Friday and Saturday, Simon personally approved a $10 million promotional budget.

Finally, from February 11 to February 13, the box office revenue of "Four Weddings and One Funeral" reached $9.81 million in the first three days of the first weekend, directly causing Daenerys Entertainment to recover its $5 million production budget.

Valentine's Day is coming soon on February 14.

Although it was Monday, after three days of reputation fermentation on the weekend, the box office of "Four Weddings and One Funeral" in North American theaters reached 5.13 million US dollars on Valentine's Day, exceeding the single-day income of any day on the first weekend.

Three working days later, the first week of "Four Weddings and One Funeral" was released, with a total of US$21.79 million in seven days, easily winning the single-week box office championship during the Valentine's Day schedule, and the average box office of the museum also reached a big sale level of US$13,000.

The off-season of the film in February is not a popular Valentine's Day schedule. The low-cost romantic comedy produced by $5 million won the box office of $21.79 million in seven days in the first week, which is beyond everyone's expectations.

Considering the excellent reputation of the film and the popularity that continues to spread among the basic audience, and there are no strong box office competitors at the same time, "Four Weddings and One Funeral" is enough to achieve a very beautiful long-term box office, and it is not impossible for North America to eventually exceed 100 million.

Daenerys Entertainment won the first seed player of the 100 million yuan box office club in 1994.

Beautiful good start.

In addition to "Four Weddings and One Funeral", on this week's list, DC's film universe blockbuster "Cyborg" entered its 8th week and ranked second in the box office.

Because it was Valentine's Day, "Cyborg"'s box office fell by only 17% this week, and continued to earn US$7.98 million. The cumulative box office of the film has reached US$241.43 million. In 1993, this result ranked third after "Superman" and "The Lion King".

The first week of Disney's "The Rich Man" has a broken reputation, with a box office of only $6.91 million, ranking third on the list. The number of screens on the film is as high as 1,841, and the first week of box office of less than $7 million is only $3,700. It is expected that the screen size will decrease rapidly in two weeks.

The fourth place is Steven Spielberg's "Schindler's List". The film earned $6.28 million in box office this week, with a cumulative box office of $37.2 million, and has basically recovered $22 million in production costs.

The box office results of "Baby Little Lover 2" that lost Macaulay Calkin's "Baby Little Lover 2" were lower than "The Little Hell" whose reputation was broken. Its box office was only 6.05 million US dollars in the first seven days, ranking fifth on the list.

Similar to "The Monopoly of the Little Imperial", due to the failed reputation and a bleak box office start, the total box office of both films in North America is expected to be around 15 million US dollars. Columbia and Disney have zero chances to recover their costs through local box office, so they can only look forward to making up for the losses in the future.

In the same week, when "Four Weddings and One Funeral" showed a dark horse posture, the 13th week of "The Lion King" relied on a $4.35 million this week to officially break the cumulative box office of $300 million, reaching $302.56 million, officially becoming the first animated film in Hollywood history to have a local box office of $300 million.

At the same time, with the popularity of "The Lion King" being nominated for the Oscar for Best Picture at the end of January, this 3D animated film has rebounded to varying degrees in the box office worldwide, and many overseas markets that have not been released simultaneously have also started painting one after another.

According to the latest feedback data, the overseas box office of "The Lion King" has also reached US$467 million, with a total global box office of US$769 million, which also set a new global box office record for Hollywood animated films.

Not only that, according to the current box office trends of various global markets, "The Lion King" has a box office potential of about 20 million to 30 million US dollars in North America, and its subsequent overseas revenue can reach at least 100 million US dollars, which means "The Lion King" is expected to hit the global box office mark of $900 million.

Even if it is still regrettable that it cannot reach the 1 billion threshold, the 3D animated movie's amazing box office performance is enough to surprise countless people.

With the box office success of "The Lion King" after its release at the end of last year, other Hollywood studios have greatly increased their investment in 3D film technology, and Pixar has once again become the hardest hit area for Daenerys Entertainment to be poached. The success of the two 3D animated films, "Toy Story" and "The Lion King", has really stimulated too many people.

You should know that the most popular live-action movie "Cyborg" at the end of last year, due to the restriction of the overseas market of all-black protagonists, the film's overseas box office is currently only about US$270 million. Including the local $240 million, the cumulative global box office is only US$510 million.

Unlike the long-lasting stamina of "The Lion King", as a popcorn commercial film, the global screening of "Cyborg" has begun to end. It is expected that North America and overseas will receive another $50 million in the future, and the global box office will eventually be between $550 million and $570 million.

Such excellent box office results are hard to meet in most Hollywood commercial films, but the film immediately pales in comparison in front of "The Lion King".

Even if it has rich peripherals, "Cyborg" is expected to have a total peripheral size of less than US$500 million in the next five years, and it is not on the same order of magnitude as "The Lion King", which has exceeded US$1.3 billion in peripheral sales in recent months. With the same five-year operating cycle, the total peripheral output value of "The Lion King" will reach US$3 billion to US$4 billion.

It is just a phenomenal "The Lion King". After long-term operation, the omni-channel output value will reach 10 billion yuan. Such commercial potential even makes the film's box office less eye-catching.

Simon rushed to New York with Janet after Valentine's Day to officially discuss the approaching Daenerys Entertainment IPO with Morgan and Goldman Sachs. As the local box office of "The Lion King" exceeded $300 million, the IPO that Daenerys Entertainment is promoting will inevitably become the focus of media attention.

In fact, just after the New Year last month, an article in the Wall Street Journal predicted that Daenerys Entertainment's net profit in 1993 will reach US$2 billion, so the most conservative valuation of this entertainment giant's IPO will not be less than US$30 billion.

There are many factors that need to be considered in the valuation of an IPO of an enterprise, but the most important one is actually two things. On the one hand, it is the profitability of the enterprise, and on the other hand, it is the long-term growth potential of the enterprise.

When the Lion King's box office in North America exceeded 300 million, the global box office also reached an astonishing $769 million, and it is expected to further impact the global $900 million mark, almost no one doubts the profitability of Daenerys Entertainment.

The focus of media discussions is on the future development potential of Daenerys Entertainment.

In the past year, Daenerys Entertainment Group has released a total of 46 movies, including "Anti-Wis Stars 2", "The Sugar-Coated Trap", "Seven Deadly Sins" and "The Lion King" four films produced by Daenerys Entertainment have all achieved box office sales of over 10 million and entered the top ten of the annual list. In addition, there are "Dawn of the Love Owl", "Schindler's List", "What to Do with Love", and so on, a large number of films that have contributed generous box office sales to Daenerys Entertainment.

Even without considering a series of foreign cooperation projects such as "Superman" and "Sleeping in Seattle", Daenerys Entertainment has also divided the total annual box office of $5.6 billion in North America, accounting for as high as 31%. If we include foreign cooperation films such as "Superman", "Sleeping in Seattle", "Gotose Assassination Order" and "Mission Impossible", Daenerys Entertainment's market share will increase by another 15 percentage points.

Therefore, it can almost be said that Daenerys Entertainment is equivalent to half a Hollywood company.

Such a high market share is actually on the brink of monopoly. Therefore, many media believe that the film business, the core business that contributes most of its profits to Daenerys Entertainment, will not have much growth in the future. Even Morgan Stanley and Goldman Sachs teams are about to undertake the IPO of Daenerys Entertainment.

If Daenerys Entertainment will not have much growth in the future, the price-to-earnings ratio of IPO valuation will not be too high.

The simpler basic calculation formula for corporate valuation is to multiply the price-to-earnings ratio by annual net profit.

In Simon's memory, Apple has the world's strongest corporate profitability because of its growth, but its stock price-to-earnings ratio has been hovering at a low of about 10 times for a long time, while companies such as Amazon that still maintain high growth can have a price-to-earnings ratio of nearly 10 times.

An article in the Wall Street Journal at the beginning of the year said that the conservative valuation of $30 billion is calculated based on a 15-fold price-to-earnings ratio.

Simon actually noticed the problems facing Daenerys Entertainment for a long time, so he kept focusing more on Daenerys Entertainment's music, games and other business areas.

After all, the growth of the core film business has entered a bottleneck, which does not mean that the entire Daenerys Entertainment Group will stop growing rapidly. As a comprehensive large entertainment group, relying on the locomotive of the film business, Daenerys still has great potential in music, games, surroundings, theme parks, etc.

What's more, even if the development of other fields fails and only depends on the rapid and natural growth of the global film industry for at least 10 years, Daenerys Entertainment's performance growth rate will not be too bad in the future.

Not only that, once the Westeros system has been secretly promoting the integration ban on the US media industry has been lifted, Daenerys Entertainment can expand into the TV field in a large way. Although the Internet era has arrived early, the North American TV industry, especially cable TV, will also have a period of rapid growth for at least ten years.

Therefore, no matter how the media discusses it, Simon has no intention of giving in to Daenerys Entertainment's IPO valuation this time.

If the IPO valuation price-to-earnings ratio is less than 20 times, he would rather give up his listing plan.

Based on the 20-fold price-to-earnings ratio, Daenerys Entertainment's IPO valuation can reach at least US$40 billion.

The valuation of US$40 billion will also make the listing of Daenerys Entertainment Group the largest corporate IPO in the world. Moreover, if nothing unexpected happens, as long as it can be successfully listed, Daenerys Entertainment will be able to easily enter the $50 billion market capitalization club and become the world's top super enterprise giant.

New York, Manhattan.

It was already Saturday, February 19th.

The couple came to New York after Valentine's Day and stayed here for a few working days. Janet returned to Los Angeles yesterday and brought Veronica back to the West Coast by the way.

Simon continued to stay in New York.

In fact, this is already a small tacit understanding formed between Simon and Janet.

Simon never planned to be a home-based and steady man. Janet also said early on that her husband could not have only one woman, so she always kept some personal space for Simon at the right time. After so many years of being together, the relationship between the two has not been affected too much. Except for Jennifer, who has given birth to a daughter, no other woman has been able to interfere in their lives over the years.

In the evening, I accepted Murdoch's invitation to a party at the other party's home, in a high-rise apartment near the south of Central Park in Midtown, where there is a property of the Murdoch family.

Because of some unknown evil taste, the female companion who followed Simon tonight was still Jerry Hall.

Jerry Hall had divorced Rolling Stones lead singer Mick Jagger last year.

The two had no feelings for each other. After Jerry Hall applied for divorce, Mick Jagger quickly fought back in order to avoid being divided up too much property and filed a request to the local court in London that their private wedding in Bali was invalid. Jerry Hall was not willing to be outdone and both parties went directly to court.

After several months of tossing, Jerry Hall finally received a one-time divorce compensation of £5 million, roughly one-tenth of Mick Jagger's personal assets, and also received custody of the three children they had born over the years.

After the divorce, Jerry Hall moved to New York from London and began to focus on his TV career. He still maintained an ambiguous relationship with Simon, the towering tree.

He stayed at the Murdoch party at ease until after ten o'clock in the evening. Seeing that it was already very late, Simon took the initiative to say goodbye to his host.

Murdoch invited Simon this time to discuss the possibility of further cooperation between the two sides in the Internet field.

Unlike the relatively conservative Redstone, although Murdoch has been the foundation of News Corp for a long time to come, he does not resist emerging industries. News Corp in Simon's memory has invested in many Internet companies, such as Hulu, a streaming platform that cooperates with Disney to fight Netflix.

Seeing that Simon was leaving, Murdoch did not try to keep him, but asked someone to take a file bag and hand it over to him, explaining: "This is a press release cut by News Corp in the UK's "News World", which is about a group of girls from Russia in London. Simon, News Corp will not involve related reports, but you also know the situation in the UK, and other media are not guaranteed to you."
Chapter completed!
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