Huayu Zhihao

Chapter 881 Summit Entertainment
Hearing that Lionsgate Films was seeking to acquire Summit Entertainment, Chen Hao couldn't help but feel his heart skip a beat.

In his previous life, Chen Hao had invested in Summit Entertainment, so he naturally had the same idea in this life.

The acquisition of Summit Entertainment is nothing more than taking a fancy to its two advantages.

First, Summit Entertainment has strong distribution capabilities.

In the beginning, Pinnacle was a universal film studio, focusing on the development, financing, production and distribution of films.

The company is responsible for all aspects of marketing and distribution of its internally developed films as well as acquired films.

At the same time, Summit also represents the products under its name and third parties for international sales, and has the ability to distribute globally.

Later, Summit Entertainment developed and expanded, and then it was involved in film production, and finally became the second largest independent film company in North America integrating financing, production and distribution.

The second is Summit Entertainment's film library.

The importance of copyright is self-evident in North America, where copyright awareness is high. When streaming media develops in later generations, the strong rise of Netflix is ​​the best proof.

In fact, when Chen Hao wants to acquire Summit Entertainment, the most important thing is its distribution ability.

Although Liang Tianchi Pictures is now actively preparing to acquire the former Hollywood giant MGM, and MGM, as one of the former Hollywood giants, has global distribution capabilities.

However, in recent years, MGM has been operating in a bleak manner, and its distribution capabilities, especially overseas distribution capabilities, are definitely no longer at their peak.

However, Liangtianchi Pictures has been established for so many years, and its distribution capacity is only about 2500 in North America, and its overseas distribution capabilities are even worse. It can be said that it has suffered a lot in terms of distribution.

A large part of the interest is occupied by Sony Columbia.

Therefore, Chen Hao attaches great importance to the distribution ability, especially when he is not worried about not having a blockbuster film, it feels very uncomfortable to watch others take advantage of him.

That's why Chen Hao wanted to acquire MGM twice, and now he wants to make up for the shrinking distribution of MGM in the past few years by acquiring Summit.

In addition, Chen Hao has a deeper idea. The acquisition of Summit is to pave the way for the acquisition of Lionsgate.

The acquisition of Summit and Lionsgate is to fight against Disney in the future!
How powerful Disney will be in the future can be seen from its acquisition of 20th Century Fox!

In order to fight against Disney, Liangtianchi Pictures must also continue to strengthen itself.

It is very difficult to acquire other giants, because until now, apart from Disney, all major Hollywood giants actually have consortiums as their backers.

It is no longer just an independent film company, so it is extremely difficult to acquire.

If the Hollywood giant cannot be acquired, the target will naturally turn to the largest independent film company in North America.

In addition to Tianchi Films, Lionsgate and Summit are the two independent film companies that rank second and third.

Especially Lionsgate, after annexing Summit Entertainment, its future development will grow stronger and stronger, and even faintly have the momentum of a new Hollywood giant.

Therefore, if you want to acquire Lionsgate in the future, it is better to acquire Summit now, which will not only strengthen yourself, but also weaken Lionsgate, paving the way for the future acquisition of Lionsgate.

Due to its excellent annual box office performance, Liang Tianchi Films has ranked first among independent film companies for two consecutive years, and the gap with the worst-ranked Hollywood giants is very small.

It has been dubbed by many media as the "seventh giant" of Hollywood.

If the "seventh giant" can acquire MGM, own more than half of Marvel's shares, and then acquire Lionsgate, which will be close to the "seventh giant" in the future.

Then it shouldn't be a big problem to fight against Disney again!

……

He and Yaya stayed at the Oscar dinner for a while, and after satisfying Yaya's curiosity, Chen Hao took Yaya back to the Beverly Hills villa.

"What are you thinking about?" Yaya saw that Chen Hao was in a daze, and asked softly while massaging her boyfriend's temples.

Chen Hao woke up from Summit Entertainment's thoughts, took Yaya's hand with a smile and kissed it, "Remember what we said at the Oscar dinner? It's time for me to sign for you!"

Yaya blushed when she heard the words, and said coquettishly, "I don't want your autograph."

"It's up to you!" Chen Hao laughed when he heard this, and then directly hugged Yaya.

"Ah..." Yaya, caught off guard, screamed.

But soon, Yaya's cry gradually changed!
……

"On the whole, the selection results of this year's Oscars have continued the selection criteria and aesthetic taste of the Academy of Film Science and Arts in recent years. The overall results are a bit flat, and there are almost no surprises or surprises.

Throughout this year's awards, traditional ideas and values ​​still prevailed, commercial blockbusters continued to fail, and biographies and inspirational films were very popular.

Oscar deliberately maintained his own traditional color on his way forward, and paid more attention to the shaping of traditional values. "
-
The Hollywood Reporter

"The awarding of important Oscars this year is old-fashioned and conservative, the acting awards are highly consistent with the Golden Globes, and the best picture and best director are highly consistent with the British Oscars.

In particular, the exquisite and traditional "The King's Speech" defeated the "Social Network" that exudes creativity and freshness but is not perfect, which really makes people doubt Oscar's vision. "
-
The Los Angeles Times

……

Early the next morning, while eating breakfast, Chen Hao watched the North American media's reports on last night's Oscars.

Obviously, the award for "The King's Speech" still encountered some criticism.

Because anyone with a discerning eye can see that "The King's Speech" was tailor-made for Oscar, and the result was also achieved by him.

By the way, "The King's Speech" is produced by Weinstein International Films. The Oscar's preferences and public relations are really accurate and in place.

No wonder he has been able to dominate Hollywood for so many years and has harassed dozens of actresses.

……

""Inception" won 4 Academy Awards! Tie the record of "Crouching Tiger, Hidden Dragon"!" --- Sohu Entertainment Report
"Du Jie won the Academy Award for Best Cinematography and became No.1 in mainland photography!"-- Netease Entertainment
""Inception" won the Oscar for Best Visual Effects, and Haotian Special Effects has successfully become a world-class special effects company!"--Douban.com

"Chen Hao won 4 Oscar statuettes, comparable to Li Yong!" --- New Wolf Entertainment
……

Unlike the United States, Huaxia's report is obviously more focused on Chen Hao's "Inception", after all, this is his own baby, and he performed very well.

To be able to win 4 Oscars, the mainland media will naturally report endlessly, blowing Chen Hao and "Inception" to the sky.

Movie fans and netizens are also full of joy. Although it is a bit regrettable, this is already the best report card for mainland Chinese-language films to compete for Oscars in so many years.

Li Yin won 4 Oscars for his "Crouching Tiger, Hidden Dragon", and Chen Hao's "Inception" has also done it.

Moreover, Chen Hao, as a native of the mainland, has made the mainland movie fans, especially the young audience, even more respectful of him, saying that he is almost an idol of the whole people.

Chen Hao's current fans are comparable to those of some celebrities, and his influence is even stronger.

And Chen Hao's status and appeal in the industry is definitely No. 1!

Of course, Du Jie also became famous and instantly became the most famous photographer in the mainland.

As for Haotian special effects, it seems that the strength has long been sufficient, and now it has finally been officially recognized. There is no doubt that it is the number one in China, the number one in Asia, and the world's first-class special effects company!
……

Chen Hao hadn't felt the hustle and bustle of the mainland yet. After breakfast, he went to Liangtianchi Films and found Smart.

"Hey, Boss, congratulations on your award!" Smart congratulated.

Chen Hao smiled when he heard this, "Thank you, but I'm here today to discuss something with you."

"OK, what's up?" Smart asked.

"Do you know that Lionsgate is planning to acquire Summit Entertainment?" Chen Hao asked.

Smart frowned upon hearing this, nodded and said, "Of course I know."

Seeing Chen Hao's puzzled eyes, Smart smiled and said, "Lionsgate and Dingfeng are the biggest competitors of Tianchi. Of course I have to understand them."

Chen Hao nodded when he heard the words, "What's the specific situation? How is the merger and acquisition going?"

Smart replied, "Lionsgate has wanted to acquire Summit Entertainment for a long time, starting as early as 2008."

After hearing this, Chen Hao said, "Huh? Tell me more specifically."

"Before us, Lionsgate was the largest independent film company, but they also had many shortcomings, including distribution problems, and Summit Entertainment started out as a distribution company, which can complement each other very well.

There is also the film library of Summit Entertainment, which is also a big supplement to Lionsgate, and there are many excellent films in it, such as "Mystery Code", "Red Field", "Mr. and Mrs. Smith", "Bomb Disposal" Troops, etc.

In addition, Summit now has many high-quality film projects in its hands, such as "Cold Light in the Day" starring Bruce Willis, and the new vampire romance film "Warm Corpse".

The sci-fi film "Ender's Game" adapted from the novel of the same name, the fantasy suspense film "Now You See Me" and "Red Field 2".

In the past two years, the development of Lionsgate Films has fallen into a bottleneck, and they are facing a debt crisis that is about to expire. Therefore, they need good film projects to improve their performance. Summit Entertainment is a good choice.

Finally, in recent years, the Big Six have stepped up the pace of high-budget productions in order to achieve global success, which has intensified competition among studios. said Smart.

"Their contact started in 2008, so why did it drag on until now?" Chen Hao asked curiously.

"There are mainly two aspects. One is Lionsgate's own internal problems. Do you still remember Karkany who came forward when Lionsgate wanted to win MGM?" Smart said.

"That well-known rich man in the United States?" Chen Hao said.

"Yes, he is a real speculator, known for his hostile takeovers, he has the title of corporate sniper, and he played an important role in forcing Yang Zhiyuan, a senior executive of Yahoo.

In March 2010 last year, Calkanyi launched a hostile takeover of Lionsgate Films. At that time, he was already the second largest shareholder of Lionsgate, with a shareholding ratio of 3%. He wanted $18.8 per share. Increase the shareholding ratio to 6%.

However, this request was rejected by Lions Gate, so the two sides fell into a stalemate, which has remained the same until now.

At the same time, Lionsgate itself is also in debt. Next year, Lionsgate needs to repay short-term and long-term debts of up to 5.5 million US dollars!
Summit Entertainment also has debts, currently in debt of 2 million US dollars, and Summit is now preparing for another round of financing, the amount is as high as 7.5 million US dollars!
If Lionsgate wants to acquire Summit Entertainment, it must bear the debt of Summit Entertainment. said Smart.

"Tsk!" Chen Hao couldn't help smacking his lips when he heard the words, "Why are you in so much debt?"

"Debt is normal, as is the case with many companies, but it must be kept within a certain range. For example, Lionsgate has a debt of 5.5 million, and its market value is now about 11.6 billion US dollars. The debt ratio has reached 47.41%, which is a relatively dangerous one. value." Smart said.

"Where is Summit Entertainment?" Chen Hao asked curiously, "And us?"

"Sunrise Entertainment has a debt of 2 million yuan, and its valuation is about 3.5 million yuan, which is already 57.14%. This is one of the reasons why investors want to sell Summit.

As for Liang Tianchi Pictures, we now have US$7650 million left in loans, and Marvel has US$2.2 million in debt, so let’s say it’s 2.965 million in debt.

Our valuation is about US$20 billion, and the debt ratio is 14.67%, which is a relatively healthy range. ’ Smart replied.

Chen Hao nodded upon hearing this.

Smart asked, "Why are you asking this?"

Immediately, Smart suddenly came to his senses, "You don't want to buy the summit, do you?"

According to his boss's past urine behavior, it must be the case!

"No, we can't buy Summit Entertainment." Smart said, "Summit Entertainment has a high debt ratio now, and it doesn't do us much good. After all, we are already in contact with MGM, so there is no need to acquire Summit Entertainment.

What's more, our current financial pressure is also very high. Although the debt ratio is still healthy, if we want to acquire the peak, we must borrow money, so the debt ratio will be high.

Marvel's debt is already a headache enough, and adding Pinnacle's will make it even harder. "

Chen Hao had already expected Smart's reaction, and said with a smile, "Don't worry, don't worry, I want to ask MGM's poor management in the past few years, how much of their distribution capacity is left?"

Smart shook his head and said, "Don't worry about this, MGM's distribution is purely because there is no money to invest. As long as the money is in place, it is definitely much better than the top."

Chen Hao nodded after hearing this, and then said, "Actually, what I want is to acquire Lionsgate Films!"

"Acquiring Lions Gate?" Smart was taken aback when he heard the words, "This is even worse."

"I know, so I'm not saying to buy Lions Gate right away." Chen Hao explained, "Since you mentioned the situation of Summit and Lions Gate, let's give it up for now.

However, what do you think about buying Lionsgate after selling the rights to Marvel? "

Smart frowned slightly when he heard this, "We will all buy MGM by then. A skinny camel is bigger than a horse. In addition to our Tianchi Pictures, we will become the seventh largest in Hollywood!"

Chen Hao shook his head when he heard the words, you are right, but that's because you don't know how powerful Disney will be in the future!
(End of this chapter)