Hollywood starts with a broker
#107 - Cash is king
"Pixar is losing millions of dollars every year now. Are you really going to acquire it?" Jennifer Connelly asked, puzzled, after returning to the hotel that evening.
"Yes, there are some talented people at Pixar!"
"But I don't think Steve Jobs wants to sell. Doesn't he want to collaborate with Disney?"
Aaron shook his head. "Doesn't want to sell? He's been wanting to stop losing money for a long time, he just wants a higher price."
"Collaborate with Disney? Disney will squeeze him dry. Besides, now that I'm involved, he has no choice."
"The NeXT computer company is enough to keep him busy. How can he take care of Pixar?"
Right now, Steve Jobs is just a 'stray dog' after leaving Apple. He's already spent most of the hundreds of millions of dollars he made from selling his Apple shares.
Who knows how long it will be before he returns to Apple and develops smartphones?
"Let him think about it for a while. Pixar isn't going anywhere!"
Even if he refuses to sell, Aaron can always acquire the 30% of the shares held by others first. When the time comes, he can use his own funds to inject capital and dilute Jobs' shares.
Aaron doesn't think anyone else would keep their shares if Pixar is valued at $40 million.
Early in the morning, Aaron, who was sound asleep with Jennifer Connelly in his arms, was awakened by the ringing of the telephone.
"Boss, it looks like someone wants to acquire Landmark Entertainment!"
"Landmark Entertainment? Who?" Aaron sat up straight away. This was a goal he had set long ago.
"Samuel Goldwyn Films!"
"Okay, I got it."
Aaron was instantly wide awake. Samuel Goldwyn Jr. was interested in Landmark Entertainment?
He must be eyeing the Landmark Theatres chain, wanting to enrich Samuel Goldwyn Films' distribution channels.
"What's wrong, darling?"
Jennifer Connelly also sat up, revealing her sexy, full figure, incredibly alluring!
However, Aaron wasn't in the mood. He had just made a move on Pixar, and now someone was trying to intercept his target, Landmark Entertainment?
"It's nothing, I need to go back as soon as possible," Aaron said, hugging the woman and kissing her...
Pixar and Landmark Entertainment were both assets that Aaron valued greatly.
Now, one was planning to collaborate with Disney, and the other was about to be acquired by Samuel Goldwyn Films?
After returning to Los Angeles, Aaron immediately investigated the details!
"You're saying Guy Martin is going through a divorce and needs cash?"
In the Dawn Films office, Aaron leaned back in his chair and smirked.
Jessica Parker nodded. "Landmark Entertainment's operating condition is also very average. It's normal for Mr. Martin to want to sell!"
Dawn, PolyGram, and Landmark Entertainment's collaboration on 'My Own Private Idaho' has been completed and is currently in post-production. It won't make it to the upcoming Cannes Film Festival, but it will participate in the Venice Film Festival in the second half of the year.
Therefore, Dawn is quite familiar with the situation at Landmark Entertainment.
"Alright, I'll go talk to Guy Martin first. You take care of the Pixar matter."
"I've met with Steve Jobs and am prepared to spend no more than $40 million to acquire Pixar Studios!"
Aaron could only do two things at once, as both were very important.
Jessica Parker, Dawn's CFO, said, "Then I'll contact Sony as soon as possible and have them remit the film revenue sharing."
Soon, Aaron flew directly to New York to meet with Guy Martin of Landmark Entertainment!
Manhattan, Times Square, Landmark Theatre.
"Aaron, you want to acquire Landmark Entertainment?"
Guy Martin looked at Aaron Anderson, who was drinking coffee on the sofa, with a surprised expression.
"Yes, I want to enter the film distribution business!"
Aaron didn't hide anything. Although Landmark Entertainment was a small distributor, owning an art-house cinema chain suited his requirements very well.
Guy Martin tapped the table. "Samuel Goldwyn Jr. is also somewhat interested in Landmark Entertainment."
"Of course, he must be eyeing the Landmark Theatres chain."
Aaron smiled. "Dawn will acquire Landmark Entertainment's assets. As for the Landmark Theatres chain, you can continue to manage it. At the same time, you can also retain some equity in the cinema chain."
"What I want is the film distribution channel. Landmark Entertainment's distribution channel is mainly guaranteed by the Landmark Theatres chain!"
Moreover, Jack Willis is doing a good job managing the Angelika Film Center. He can also assist Guy Martin in managing the Landmark Theatres chain.
"You should understand that I don't care about Hollywood's independent film production companies, let alone Samuel Goldwyn Films."
"Even New Line Cinema, which distributed the 'Teenage Mutant Ninja Turtles' series, can't compare. If I had a distribution company, they wouldn't have gotten their hands on that series."
"Moreover, regarding cinemas, you can take a look at the Angelika Film Center in West Hollywood. Business is very good!"
Guy Martin nodded. "Of course I believe in your strength, but the Landmark Theatres chain is an art-house cinema chain and often has to show art films."
"Don't worry, I can guarantee this, but the development of commercial cinemas cannot stop. The scale of the Landmark Theatres chain is too small."
"In the future, it will definitely have to merge with other cinema chains. The old-fashioned cinema model no longer meets the trend."
If Aaron wasn't mistaken, this might be the main reason why he wanted to sell Landmark Entertainment. The Landmark Theatres chain needed to expand, so it was necessary to introduce new capital!
"Aaron, $60 million. The valuation of the Landmark Theatres chain cannot be lower than $30 million."
"Pfft," Aaron almost spat out the coffee he had just drunk, widening his eyes.
"Landmark Theatres chain is worth $30 million, I can accept that. What else does Landmark Entertainment have? A few copies of foreign art films?"
"Don't joke around. I can spend $30 million to set up my own distribution company, which would definitely be better than Landmark Entertainment!"
Guy Martin's expression remained unchanged. "Aaron, you have competitors."
"Heh, Guy, can Samuel Goldwyn Jr. take out four or fifty million dollars in cash for the acquisition like me?"
"He still has to go for financing and then make installment payments. How can he compare to me? You should also be clear about how 'Boyz n the Hood' and 'The Silence of the Lambs', currently in theaters, are doing at the box office!"
Cash is always a great weapon. Guy Martin was certainly tempted. After all, compared to Samuel Goldwyn Jr., Aaron's advantage was that he had plenty of cash.
Sony wouldn't delay Dawn's revenue sharing, after all, they would continue to collaborate in the future. Otherwise, Aaron would definitely find other distributors to work with.
"$45 million, and you continue to retain 40% of the shares in the Landmark Theatres chain!"
Guy Martin shook his head. "No, $50 million, and I still have to retain 50% of the shares in the Landmark Theatres chain!"
The gap between the two sides was a bit large now, but Aaron wasn't too anxious, he would take it slowly...
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