Chapter 399: 400

After the U.S. Department of justice officially approved the acquisition of MCA by Denise entertainment, the pace of merger between the two companies has been accelerating.

In the following week, Denise entertainment continuously announced various news about corporate finance and personnel, which made people dizzying. Therefore, few people realized what these news meant.

At the press conference on the day the acquisition was approved, Denise entertainment CEO Amy Pascal announced that the equity delivery of Denise entertainment to MCA shareholders would be completed by the end of February.

At the same time, danielis Entertainment's funds for the acquisition of MCA will all be obtained through loans.

The next day, daenerys entertainment announced that it would cooperate with Hollywood legendary director Steven Spielberg on two projects, namely dinosaur science fiction film Jurassic Park and Schindler's list about the Holocaust in World War II.

Although Denise entertainment is not a listed company, the announcement of this cooperation has made the industry more optimistic about the new Denise entertainment group, which is suddenly burdened with an additional $7 billion of huge debts. This is not just because of Denise Entertainment's collaboration with Steven Spielberg, but also because of the other implications behind the Schindler's list project.

Then, Amy Pascal, the CEO of danielis entertainment, announced the renewal of her contract, which will expire in March this year.

The powerful Hollywood woman who helped Simon westero build danielis Entertainment Group in just a few years, and the renewal terms became the focus of the media, which attracted all kinds of speculation.

After a lot of discussion, the entertainment information section of igrit portal finally revealed the answer.

Amy Pascal's new contract, with a term of three years, raises his base salary to $750000 a year, and the sharing terms are consistent with the 1987 agreement.

Both belong to the westero system, the information of igritte portal is actually equivalent to the official announcement.

However, the interpretation of the contract has not stopped.

Most media originally predicted that Amy Pascal's current contract term is likely to be the usual five-year contract of Hollywood executives, as is the case with the top leaders of several major Hollywood studios, such as Michael Eisner, Peter Cooper and Shirley Lansing.

Therefore, the three-year term is worth pondering.

The media in the industry do not think that this is a sign that Amy Pascal may leave daenerys entertainment. Otherwise, vestlogan could not have given the female executive the same 5% of the company's net profit and the same amount of equity award as four years ago when daenerys entertainment scale has expanded countless times.

You know, the profit and dividend ratio of the directors of various studios in the industry is usually only 2%.

Even if danielis entertainment will face great debt pressure in the next few years, resulting in shrinking profits, the total salary contract equivalent to 10% of the company's net profit is absolutely a big deal.

Well, look back at Pascal's contract period.

Three years.

It probably means another node.

As we all know, before the IPO, the contracts of company executives need to be readjusted.

Danielis entertainment has just merged MCA. It's not wise to start the IPO plan in the short term. The digestion time of three years is just right.

At the same time, several in-depth cooperation agreements between daenerys entertainment and Panasonic also appeared in the media, so the outside world finally learned why Panasonic would quit the bidding for MCA.

In a series of hot news, negative news is inevitable.

Before the acquisition was approved by the U.S. Department of justice, Denise entertainment had 3000 employees. The two companies had similar revenue in the past fiscal year, but MCA had more than 12000 employees worldwide.

The reason why westero chose not to lay off staff after its acquisition of Bell Atlantic is that the rapid expansion of the telecommunications industry in the field of mobile communications and Internet can naturally digest the redundant human resources of Bell Atlantic.

Moreover, because he didn't know much about the telecommunications industry, and Bell Atlantic didn't need to cut staff and cut expenses to solve the debt problem, Simon finally chose to be quiet.

MCA is different.

Because there are a large number of overlapping functional departments between danielis entertainment and MCA, under the management of Lou wassalman, MCA itself will inevitably have serious redundancy problems that are common in large companies.

As a result, layoffs are inevitable.

"Hollywood Reporter" for the first time exposed Denise entertainment in the merger after the completion of the new company may be up to 3000 large-scale layoffs plan.

Employment has always been a focus of American society.

For politicians, the employment rate is their performance. For enterprises, the protection of employment is also the embodiment of corporate image and social responsibility.All of a sudden, 3000 people may lose their jobs, and the whole of Hollywood is on the move.

At the beginning, forced by the situation to give up, the three major trade unions that prevented dannilis entertainment from purchasing MCA immediately came forward and denounced dannilis Entertainment's possible layoff action. The media in North America and various labor security organizations in California have begun to pay close attention to this issue.

At the end of the day, the new governor of California and several members of California Congress who just took office at the beginning of the year expressed concern about this matter

in the face of public opinion pressure, after a short silence for a few days, Denise entertainment quickly clarified that there was no layoff plan of as many as 3000 people.

However, because the merger of the two companies has brought a lot of duplicate jobs, Denise entertainment has to make a choice, but it can guarantee that the size of layoffs will be strictly limited to 1000 people.

At the same time, Denise entertainment also promised to create at least 1000 jobs in the next three years through its own business expansion.

The number of layoffs has dropped from the rumored 3000 to 1000. Although the accusation is still inevitable, it is much easier for the outside world to accept it.

While the merger continues to advance, the Valentine's day schedule in North America in February also quietly opens.

Last year's Valentine's Day season saw the box office black horse "pretty girl". This year, the film released by danelis entertainment also received extra attention from the media.

However, compared with "pretty girl", this Valentine's Day movie released by danielis entertainment seems to be a lot of non mainstream. It's called "fight smart".

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What's more, the most popular movie in North American cinema is still "kid in charge" last Christmas.

As of February 7, a week before Valentine's day, the seventh week of "home by the kid" has again earned $12.93 million at the box office. In seven weeks, this phenomenal children's comedy has grossed $191.59 million.

On February 8, Valentine's day began. Danielis Entertainment's new world film produced and released "fight smart star", which started with 1739 screens. Meanwhile, Warner Bros.'s high-cost fantasy adventure film "big magic 2" directed by George Miller and Columbia Pictures' Samsung's love film "La story" were also listed in the cinema.

Based on the famous German children's book adaptation of the fantasy adventure feature film "the great devil's land" in 1984 when the first budget of 26 million U.S. dollars. Although the box office in North America was not very successful at that time, only more than 20 million, but because of the excellent special effects scenes, it recovered about 100 million US dollars in the global box office at that time.

This time, Warner invited George Miller to direct the film, and again invested $36 million in the budget. It can be said that Warner is the most favorable box office champion in this Valentine's day schedule.

However, the box office performance of several films in this Valentine's day schedule surprised many people.

From February 8 to February 14, in the first week of Valentine's day, it is not George Miller's "the devil's land 2" or "La story" which fits the atmosphere of Valentine's day. On the contrary, it is the unconventional and vulgar comedy "fighting against smart stars".

In the first week of the show, the vulgar comedy starring "live on Saturday night" TV star Mike Meyers, which lacks the main plot and is scattered, took us $21.7 million in seven days.

Even under the consistent excellent publicity campaign of danielis entertainment, many critics gave positive comments such as fresh and interesting after the film was released, but everyone still didn't expect that the box office of this alternative comedy film, which lacks selling points in any way, could exceed $20 million in the first week.

Although many people in danielis entertainment know that Simon himself chose this project, even Denny Morris, the president of new world film, who is in charge of the production of "fight against smart stars", thought that if the film could get 50 million US dollars at the North American box office, it would be a miracle. Several project leaders also set up a small group for this Small game.

Then, naturally, Denny Morris became a loser, but he was also very happy to lose.

The unexpected box office of US $21.7 million in the first week, combined with the film's media reputation and good topic, means that the film is expected to make a beautiful long-term box office.

50 million local box office, may be just a guarantee.

However, because the content of the film involves too many passages that only Americans can understand, the distribution team does not have much expectation for the overseas box office of the film.

After "fight smart", it's not the two new films that ranked second in the box office of the week. On the contrary, it's still "kid in charge".

In the eighth week of release, "home by the kid" lost its weekly box office title for the first time, but the box office decline remained at a very good 21%, and it received another $10.22 million.

At the same time, the total box office of the film in North America officially exceeded the $200 million mark, reaching $201.81 million.

According to the phenomenal box office momentum of kid's home, the total screen life of the film is usually about 25 weeks.It's not hard to predict that after eight weeks of painting, "home by kid" will be able to stay in North American Theaters for about four months.

Although from next week, the box office of "home by the kid" will drop to less than $10 million a week, the next four months of screening will also experience Easter, which is also suitable for family atmosphere. It is not difficult for the film to accumulate another $80 million at the box office, and it is still expected to reach the $280 million box office level in North America.

With a production budget of 18 million US dollars, only North America can earn 280 million US dollars at the box office. The crazy rate of return makes Hollywood hard to hide its jealousy.

Because of the recent series of events and the approaching of a certain date, Simon, who has been trying to reduce his personal exposure, will inevitably become the focus of media attention again.

February 22.

Simon westlow's 23rd birthday.

Although there is no lack of media hype during this period, the $10 billion debt level of the Westeros system may drag down the personal wealth of Westeros. However, the fact is that the Gulf War broke out one month ago. Because of the victory of the multinational forces, as the leading force of the war, the US stock market quickly got rid of the haze of the war and began to rebound.

In just one month, the Dow Jones index rose 23% compared with that before the war, and the S & P 500 index finally rebounded by 25%.

Now let's look back.

Simon westeroka's decisive and quick acquisition of Bell Atlantic and MCA at the time before the outbreak of the war can be regarded as a magic stroke.

If the two acquisitions are delayed until after the outbreak of the war and only increase according to the standard of the market, it is impossible for westrow to win the two companies at the original price.

After all, the premium offered by westero to Bell Atlantic was only about 30% of the share price before the offer. Although the premium for MCA's acquisition is higher, it is also because MCA's share price is seriously affected by the continuous downturn of the US economic situation for more than a year.

You know, two years ago, CAA president Michael owitz took the place of Sony to test MCA. Lu wassalman's offer was as high as $8 billion.

As for Bell Atlantic, Denise entertainment is a big bargain. Simon may have to pay an extra $2 billion for Bell Atlantic if it is delayed after the war.

Now, it's just that the value of these two companies rebounds naturally with the overall economic situation in the United States, which brings huge potential benefits to Simon.

If necessary, Simon can easily ease the debt pressure faced by westrow system by selling some shares of the two companies.

What's more, Simon doesn't really need to.

After more than a month's financial audit, the financial report of danielis entertainment in 1990 was finally released.

In 1990, the net profit of Denise entertainment in the whole year of last year reached 1.12 billion US dollars, which was about 100 million US dollars higher than the original expectation of about one billion US dollars.

Although the income of danielis entertainment last year was basically quickly withdrawn and used as other investments in the westero system, the income of danielis entertainment in 1991 can still reach the level of 1990 by taking advantage of the follow-up channels of a series of blockbuster films in previous years and only calculating the income of danielis entertainment before its merger with MCA.

As a result, only the income contributed by danielis entertainment is enough to pay off the matured debts of the whole westero system.

With the continuous rebound of the U.S. stock market and the expiration of the original three-year commitment of holding no reduction of technology stocks, westero can also cash a huge amount of money from the technology stock market at any time if necessary.

What's more, the acquisition of Bell Atlantic and MCA two corporate giants, itself can continue to generate huge cash flow and profits.

Since the $10 billion debt level will not pose a threat to the westero system, it is not hard to imagine that Simon westero's personal wealth will not shrink, but will continue to increase with the recovery of the overall economic situation of the United States.

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