Chapter 514: 516

North of New York, on the outskirts of Greenwich.

It's January 7th.

The new year has passed and officially entered 1993.

Just the day before yesterday, Time Warner Group formally confirmed its new management through the provisional general meeting of shareholders. Gerald Levin took the post of new chairman of Time Warner Group after Steve Roth. Two of Steve Roth's legitimate families, Robert Daley and Terry Semel, jointly took the post of CO CEO of Time Warner.

Although the formal management was explicitly confirmed, in fact, the power arrangement after compromise still scattered Time Warner Group.

In name, Gerald Levin can only control the business that belongs to the era company system. The two co CEOs are still firmly in control of Warner Bros. companies.

The Wall Street Journal confirmed in Time Warner's new management that the key to the merger of Time Inc. and Warner Bros. at the beginning was that the management of the two companies vigorously advocated the "synergy effect" of their enterprises. It claimed that once the merger was completed, Time Warner would greatly improve the competitiveness and overall revenue of the company through business cooperation in film, TV, magazine and other fields.

However, the fact is that for three years since the merger in early 1990, the synergy that shareholders hope to see has not appeared. Time Warner is still in a mess, and even HBO and Warner Bros. have been fighting against each other over the issue of television broadcasting rights of films. This time, the change of management is also in constant turmoil.

Not only that, the whole time warner has not been able to get out of the heavy debt mire because of the original merger.

In a word, in the view of the Wall Street Journal, the original merger was a complete failure, only to meet the personal ambition of Time Warner management to blindly expand the scale of the enterprise.

In the face of criticism from the Wall Street Journal, Time Warner lacks an official receiver. In the past two years, because of excessive expansion, the new line film industry, which has been in trouble, is likely to fail this year.

Influenced by the parallel success of the three brands of danielis entertainment, other Hollywood studios are more or less following suit. Simon can't stop it. However, it's easy for danielis entertainment to crack down on a second-line film company in trouble.

Whether it's the new line or Miramax, or even Orion pictures, which is still struggling to maintain, these companies, with Simon's close attention, basically have no hope of getting the projects that may sell well.

In recent years, silent lambs, crying games, ninja turtles and so on should all belong to these companies, but all of them were successfully intercepted by Simon, and they took advantage of the two major brands of new world film and gaomen film in advance, occupying the partial film field that the mainstream studios would not care about in the past.

The fate of the new line is destined to change, and Simon has solved another company in recent days.

Miramax.

Hollywood's second - and third tier film companies, like Denise's early entertainment development, rely largely on bank loans to maintain operations.

Over the years, the bank that financed Miramax was also well known on Wall Street, Chase Manhattan Bank. In my memory, the bank merged with Morgan bank around 2000.

Of course, it's just Chase Manhattan's film investment department, which specializes in Hollywood.

The Weinstein brothers have run Miramax through many twists and turns over the years and have accumulated about $15 million in debt to Chase Manhattan Bank.

15 million dollars, which is not worth mentioning at all for Denise entertainment, but it is a huge sum of money for small studio style film companies that can only pick up and release some low-cost art films.

Moreover, according to the survey, in addition to Chase Manhattan, the largest creditor, Miramax has other arrears, with accumulated liabilities of $23 million.

Before and after the new year, westero system began to discuss some cooperation projects with several major banks in the United States, mainly about the loan financing needed by the subsidiaries for further development, as well as the further cooperation between Internet payment tools and real banks.

For the major banks in the United States, the subsidiaries of westrow system are undoubtedly the best lending targets, and they naturally strive for them.

Chase Manhattan is one of them.

In order to form more stakeholders as much as possible, westero system also habitually chooses more partners.

During the negotiation between Verizon Telecom and Chase Manhattan on a $300 million loan financing, Simon asked James Leibold, who participated in the negotiation, to put forward a collateral condition to Chase Manhattan: to recover the debt from Miramax in advance.

Hollywood, a small company on the verge of bankruptcy, is nothing to Chase Manhattan.

It's not likely to recover all the debts from this film company in trouble. Chase Manhattan is actually doing debt collection and is ready to bear another bad debt.

In the view of Chase Manhattan, the incidental requirements of westrow system also think that this small company has offended danielis entertainment. The potential cooperation between both sides is far more than a $300 million financing, and pushing the boat with the current. Of course, they are happy to sell a favor.So, on the same day that the Wall Street Journal criticized Time Warner's excessive expansion, a New York based third tier film company formally filed a bankruptcy petition with the Southern District Court of New York.

Although the development of the westero system has been smooth sailing, Simon has always understood that business competition has never been gentle.

You are reading story Hollywood Hunter at novel35.com

Cruelty is the essence of business.

Obliterating a film company that should have been brilliant on the original time line, he has no burden in his heart.

After lunch in the reception room of the manor villa, Mr. and Mrs. Simon, James Leibold and Raymond Smith, chairman and CEO of Verizon Telecom, are discussing the next layout of the westero system in the telecom field.

The week before Christmas last year, the U.S. Congress officially approved the lifting of the industry ban on telecom operators from entering the field of equipment manufacturing.

Although it is a bill passed by Congress, to a large extent, it is also a way for the Bush administration to accumulate as much political heritage as possible before the formal transfer of power. It is doomed that the elder Bush will step down, and the younger Bush will officially enter the political arena of the United States.

In the last few months of the election, the Bush administration has been trying to push through some bills related to new technology industries.

However, because the information superhighway bill is still in its infancy, it has entered the final stage of discussion. In any case, the Bush administration can not regard the bill proposed by Clinton's running mate as its own political achievement. Therefore, in the field of new technology, the white house seems to be doing nothing.

Of course, things need to be done step by step.

With the lifting of the ban that telecom operators are not allowed to set foot in equipment manufacturing, Nokia can naturally enter the North American market in the next step.

The original time line, Nokia's market share in North America has not been high, mainly because the North American telecom equipment market is too closed, sales channels are also monopolized by telecom operators, until many years later, the iPhone appeared, the U.S. telecom operators still rely on bundled sales mode with telecom packages to monopolize more than 90% of the telecom equipment market.

This time, with the cooperation of Verizon, Nokia's pace of developing the North American market will no longer be as difficult as it used to be.

In the past two years, AOL has been conquering the Internet service providers and cooperating with AOL to develop its Internet business. Meanwhile, Verizon has also been making great efforts to lay out its own mobile communication network.

With the best quality markets in several continents along the eastern coast of the United States, and without hesitation to lock in the public media or private lobbying, the westero system has been promoting the concept of "three networks in one" as far as possible in the past two years.

Network broadband, cable TV, home phone, if these three networks can be combined into one, it will greatly save the operating costs of operators, and bring cheaper services to users.

The main purpose of anti-monopoly in the United States is to avoid the monopoly of the telecommunications industry, which leads to high prices and damages the interests of consumers.

Now, the integration of three networks can not only save social resources to a great extent, but also provide consumers with cheap communication services to the maximum extent. Therefore, this concept, whether it is the media platform or the American political arena, has a very good market.

The deregulation of the telecommunications industry is beneficial to the major telecom giants.

The concept put forward by westero system was quickly accepted by the telecom industry.

At-t even published a report that once deregulation of the telecommunications industry and the integration of the three networks are promoted, the US telecommunications industry can save hundreds of billions of dollars in costs every year, which can just maximize the benefits to consumers.

There was an afternoon of discussion about Verizon and Nokia's move into North America.

In the evening, seeing off James Leibold and Raymond Smith, Simon and his wife boarded the plane to return to the west coast.

The next day was Friday, January 8.

The first box office week of 1993 officially ended.

During the seven days from January 1 to January 7, due to the working day, the films of North American Theaters all fell sharply.

Jurassic Park, released in its third week, fell 35% in a single week and continued to earn $46.91 million.

At the same time, the box office of the dinosaur movie in North America also exceeded 200 million US dollars, reaching 210.46 million US dollars.

In the first week after the new year, Denise Entertainment's other film "home by the kids 2", which is scheduled at the end of the year, also dropped 43%, leaving only $5.66 million in a single week's box office, with a cumulative box office of $147.69 million.

Different from the sharp diving of the two commercial films after they entered the working day, the box office trend of danielis Entertainment's award season's "smell and know women" is relatively good, with a decline of only 28% in the first week of the new year, and the decline curve of another "crying game" also shows signs of slowing down.

At the same time, just in the past year of 1992, as of December 31, 1992, the box office ranking list has also been published.

With a huge box office of 371 million US dollars, "Wonder Woman" of danielis entertainment summer program has become the average annual box office in 1992.Although the box office momentum of Jurassic Park is still rapid, it is difficult for the company to surpass wonder woman. It is predicted that the local box office of Jurassic Park will be about 350 million US dollars, both inside and outside the company. However, judging from the market performance of overseas ticket stores, it is difficult to say who wins or loses the overseas box office of the two films.

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