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Chapter 677 Instagram Online (3) (Remastered)

News that Disney Chairman and CEO Michael Eisner fell into a coma after a sudden heart attack and news that Daenerys Entertainment Group is about to set up a movie theme park in Europe quickly fermented on Thursday day.

Although there were only three Disney executives at the scene, some media still linked the two matters to the point, speculating that Michael Eisner might have had a heart attack because he heard the "bad news" that Daenerys Entertainment was about to start building Universal Studios in Europe.

During this period, due to a series of incidents such as Jeffrey Carsonberg and Michael Eisner's resignation, Disney's president Frank Wells is about to retire, and Vivendi Group initiated a acquisition from Disney, Disney has still gained a lot of media pages under the news hotspot of Daenerys Entertainment's listing.

Disney's internal turmoil and the performance recession that lasted for several years have led to the federal media and Wall Street's continued disgrace to the Hollywood studio.

The news that Vivendi Group intends to acquire Disney has finally triggered a wave of stock price rebound. With Eisner's heart attack and Daenerys Entertainment's Universal Studios plan to be exposed, the company's stock price began to fall again on Thursday.

Of course, the focus of many media and capital is still on Daenerys Entertainment.

Disneyland Paris has become a disaster-like existence. Such a theme park with no profits can even file for bankruptcy. For the sake of billions of dollars in the early stage and the employment of tens of thousands of employees, this theme park can only hold on with continuous losses in any case.

With such a bad case in front, is Daenerys Entertainment going to repeat the same mistake?

Daenerys Entertainment, who just completed its IPO, is rich and powerful. Everyone knows this, but no matter how much money it is, it cannot be used to waste it.

However, there are people who stand on the side of Daenerys Entertainment.

As Mark Belford, vice president of global operations at Daenerys in the article "Hollywood Reporter", said, the overall scale of the European film market is far beyond that of Japan. Establishing a theme park in Europe is very conducive to further promoting and deepening the corporate brand of Daenerys Entertainment.

The potential advertising effect brought by the theme parks hosting tens of millions of tourists every year is definitely not something that can be estimated by simply the profit and loss figures of the park itself.

The reason why Disney in Simon's memory was able to become the entertainment giant that Hollywood has dominated, Disneylands all over the world have made an indelible contribution to the company's brand value gains, including Disney Paris, which has been losing money for decades in finance.

Therefore, since the opening of Disneyland in Paris in 1992, Simon has been thinking about a similar plan.

The overall film market size is no less than that of the European continent in North America. There must be a theme park under Daenerys Entertainment Group. Even if it is built, it will be done with long-term losses like Disneyland in Paris.

It was just that Universal Studios Osaka had just completed the planning, and Simon was not eager for quick success and instant benefits so that he launched two huge theme park projects at the same time.

Now, the time has come.

Taking advantage of this opportunity to release the news, it was a killing two birds with one stone to help the hesitant Disney shareholders make up their minds to sell the company.

As for the subsequent planning, the site selection plan for the theme park will take at least one to two years. By then, Universal Studios Osaka has opened, and Daenerys Entertainment can calmly transfer the current Universal Studios Osaka construction and planning team to Europe.

After the exposure of "The Hollywood Reporter" in the morning, Daenerys Entertainment published a more detailed article in the Igret Portal during the day, explaining the necessity of building Universal Studios in Europe.

However, the market still gave the most direct feedback on Daenerys Entertainment's decision.

On Thursday's trading day, Daenerys Entertainment's stock price began to fall since the opening, and as of the afternoon's closing, the decline reached 2.6%, and its market value fell from US$117.2 billion to US$114.1 billion. In one day, US$3 billion disappeared.

Daenerys Entertainment management did not respond much to this.

Whether in public or private occasions, Simon has repeatedly emphasized his point of view that Daenerys Entertainment's operations will not be affected by short-term stock price fluctuations, but will focus on long-term planning.

If any investor does not agree with Daenerys Entertainment's business philosophy, he can sell the stocks he has.

With the current strength of the Westeros system, it is easy to privatize the entire Daenerys Entertainment Group again.

On the other hand, Disney was in a mess.

Michael Eisner woke up that morning, but the heart test results of the Disney leader were very unoptimistic. Because of long-term high-intensity work, Michael Eisner's hereditary heart disease continued to worsen. The test results showed that Eisner's arterial occlusion in his heart had exceeded 98%. If he did not undergo surgery as soon as possible, he would not live for a year.

Moreover, because the condition is too serious, the risk of surgery is also very high.

He may even die directly on the operating table.

The reporters gathered outside Mount Sinai Medical Center in Manhattan that day, under Disney's strict defense, got Eisner's heart examination results as soon as possible.

Perhaps most people don’t quite understand the severity of arterial occlusion exceeding 98%, but one thing is certain that in the short term, it will be impossible for Michael Eisner to re-host Disney’s work.

Because the news of Vivendi Group's acquisition of Disney Company was leaked, Disney's stock price had already slowly rebounded recently. As the bad news of Eisner's illness spread, Disney's stock price also fell 3.3% on Thursday, with its market value falling from $6.9 billion to $6.6 billion.

In the evening, Disney finally held a press conference. After informing Michael Eisner of his condition, it also announced that Disney's management rights will be temporarily represented by President Frank Wells. Frank Wells, who personally hosted the press conference, also said that he had signed an interim agreement with Disney to extend his term of office for one year until Disney completely stabilized.

Not only that, Disney also quickly appointed Bill Michanik, president of Disney's family entertainment department, as president of Disney Studios, and took over Jeffrey Carsonberg's former position, in charge of all Disney's film affairs.

When asked by reporters whether Disney would accept the acquisition offer from Vivendi Group, Frank Wells said very sleekly that this is something that Disney's board of directors and major shareholders need to consider, and he is only responsible for managing the company for the time being.

Compared with Disney's firm rejection when the news was just leaked some time ago, Frank Wells' statement has obviously loosened a lot.

The next day, the federal media had a huge coverage of reports on two major events in Hollywood yesterday early in the morning.

Moreover, the two things are still widely related for discussion.

Most media are still not optimistic about Daenerys Entertainment's Universal Studios European Plan, and all the details of the failures in Disneyland Paris in the past two years have been re-extracted.

However, although Michael Eisner's sudden illness caused Disney's brief turmoil, Frank Wells' statement at yesterday's press conference once again made the media and capital feel a certain tendency.

Including that morning, ABC TV reporter interviewed Sid Buss, the head of the family of Disney's major shareholder Bass, who spoke on the phone. Although the other party's tone was reluctant to leave Disney shares, anyone could feel it. Sid Buss' tone was not firm at all, and the attitude in the interview was more like a wait-to-be-selling.

Disney's previous turmoil and recession, Disney's leader Michael Eisner, who firmly opposed the sale, fell ill. Daenerys Entertainment's Universal Studios European Plan brought strong uncertainty to Disneyland Paris. Combining these elements, the possibility of Disney's sale has become increasingly high.

Then, the federal media realized a problem again.

We can no longer allow overseas capital to continue to erode our cultural industries.

The Washington Post commented on this on Friday morning, calling on the federal government to take measures to limit the acquisition of Hollywood studios by overseas capital. The Wall Street Journal also mentioned the media integration ban again. At this stage, the only companies that can compete with the Vivendi Group and achieve synergies are only three old-fashioned TV networks in the United States. Therefore, if you want to prevent this acquisition, Congress must push the lifting of the media integration ban as soon as possible.

In response to media calls, at the regular press conference that day, a White House spokesperson said that the President attached great importance to protecting the American cultural industry and had communicated with Congress many times before, but the final decision on this matter is still in the hands of Congress.

He criticized the "inaction" behavior of some politicians in both houses of Congress in a row and beat him up.

A White House spokesman even said that when necessary, the President will ask the Justice Department to reject certain acquisitions that may affect the development of American culture.

Although both houses of Congress are temporarily in the hands of the Democrats, many of the plans Clinton has tried to implement over the past year have been disappointed in Congress, and the White House and Congress have had a very unhappy relationship.

Of course, Congress was unwilling to bear the ridicule of the White House and quickly fought back.

Both sides began to verbally fight.

The protection of the American cultural industry has suddenly become a topic that the media has frequently asked about the candidates for the US Congress who have begun to sprint for the second half of the midterm elections.

As for when the media integration ban that everyone is concerned about will be lifted, no one has given an accurate answer.

Simon has been in San Francisco since Wednesday.

In addition to the various affairs of the Westeros system in the Internet field, Simon has mainly discussed with the core management of Cisco, American Online and Igrit in recent days to discuss the antitrust investigation that the US Department of Justice will officially launch at the end of the month.

In order to prevent Congress from setting up a special committee of investigations in advance to make the US Department of Justice, which is responsible for the Westeros system, the White House had already breathed in advance some time ago, and an antitrust investigation into the three giants of Cisco-American Online-Igrit Internet are imperative.

During this period, Simon received the exact news again, and the investigation will be launched at the end of July.

Since the White House has quietly revealed the time to launch an antitrust investigation, it is actually trying to form a tacit understanding with the Westeros system.

Of course Simon wouldn't be so stupid that he didn't cooperate.

As for how to cooperate?

What the White House wants is political achievements and an explanation to federal voters. Then, the Westeros system will take the initiative to deliver political achievements to the White House.

This is definitely much better than the fact that the Justice Department directly initiated an investigation into the Westeros system without communication, which ultimately caused uncertainty.

Not only that, if some tacit understanding is reached in advance, the Westeros system can also actively cooperate to build momentum.

For example, after discussion, one of the measures to make concessions was that Egrit will actively split its application software department. Egrit's software business and network business do not have a strong complementary effect. Even if it is split, it will not have much impact on the overall development of Egrit.

Simon had made a similar layout very early.

However, in fact, it did not have much impact on Igret, but in terms of media caliber, since it was decided to make concessions in this regard, it would definitely exaggerate how serious the joint damage of Igret's software business and network business have caused to the federal Internet industry, how it would hinder the development of small businesses, how it was necessary to split the two, and how fierce the resistance of Daenerys Entertainment in the face of the federal government's attempt to split these two major businesses.

With this momentum, when the two major business departments are finally split, the media and the public will see a super Internet oligarch being split into two under the strong antitrust investigation of the federal government, which will be greatly satisfied. Similar new technology companies that do not know the truth will also think that their spring has finally arrived.

The White House’s approval rating will rise further.

The Westeros system can also prevent the over-bloated Egret Company.

Everyone has gained something and they all want to have fun.

In addition to Igret, AOL and Cisco will also make certain concessions in this antitrust investigation.

AOL will voluntarily give up the ten-year exclusive contract signed with the three major operators. Cisco will also promise to limit the proportion of equipment to AOL and other operators to a certain extent, leaving a certain market share for small businesses in the United States.

Of course, Simon would not be so stupid that he agreed to the Ministry of Justice's various conditions in three to five months.

These concessions will only be determined after at least one or two years of antitrust investigations, and the final implementation will be even longer.

So until Friday.

July 22, at 9:00 am.

Simon personally rushed to an office building in downtown Palo Alto, not too far from Igret's headquarters, to attend the launch ceremony of the Instagram website under the responsibility of Girl D.

After three months of development preparation and internal testing, the image sharing website Instagram was officially launched today.

The final design style of the website is very similar to Instagram in Simon's memory. It is a "photo wall" that many people think is extremely simple. Among the girls who participated in the Instagram website Angel Investment led by Simon, there are many worried that this website will lack attractiveness if it is too simple, but Simon does not have this kind of worry.

Simple and easy to use is one of the core characteristics of many Internet companies' success. What's more, the simplicity of the layout does not mean that the website functions are lacking.

Google in memory is typical of the simple style of the Internet.

Moreover, for Instagram, the most important thing is users and rich content resources. Without these, it will be useless to design the website in a colorful way.
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