Rebirth

After talking about the situation of EMI Films, the conversation changed, but Barry Diller and Frank switched to the media group and film production.

"BOSS, have you heard of Imax."

"Imax company, I've heard of it, their company seems to have invented a new projection technology, right?"

Hearing Frank’s words and mentioning the Imax company, Li Feng was shocked in his heart, and then responded with a smile, Imax projection technology, no one in the later generations knows, the later Imax cinema gradually became the mainstream, and Li Feng naturally admired it for a long time. Da Ming.

“It’s good to have heard that imax was listed on the Nasdaq in 1994, and it entered theaters for the first time in 1994. However, due to the high cost, the development is temporarily slow. Today’s imax theaters are still rare. They are mainly used for exhibitions in local palaces such as science and technology museums and aviation museums.

However, we believe that technology will always move forward. Hollywood studios have gradually begun to accept imax projection technology, and there are even rumors that companies have begun to produce specialized imax movies.

Regardless of the future development direction, technological development or MGM itself, this is a possible future development direction. Film and television production technology also needs such equipment. Now we want to invest in this company, BOSS, you What do you think?"

Although there were 10,000 likes in his heart, Li Feng still pretended to hesitate: "Are you sure, can the future of this projection technology be clear?"

...

After listening to Li Feng’s words, Barry Diller on the side said: “No one can be sure about this. After all, there is no better technology to directly convert Hollywood movies into imax movies, but in case such a conversion technology appears in the future, Compared with the current screening and viewing effects, Imax's advantages are very obvious.

If it is purely from the MGM Film Company, it doesn’t matter whether investment is not an investment. After all, movie screening is a matter of theaters, but from the entertainment media group, such an investment is a very good investment for the media group. If the iamx projection technology develops into the mainstream, those who master Imax can grasp the trend of the film and television production era from the upstream.

In addition to the iamx company Frank said, there is actually another company, and now we have the best investment in it, that is Dolby Laboratories.

Dolby has invented various technologies such as the Dolby noise reduction system and the stereo surround system, which have had a huge impact on movie sound effects and home theater. These places are inseparable from the Dolby system.

This company is a private company, but as Dolby’s founder, Dr. Dolby, gets older and older, the Dolby family does not have an outstanding successor, so wealth inheritance has become a new problem.

If Dr. Dolby passes away, because Dolby Laboratories is not a listed company, the company’s valuation is very high but the actual income is limited. According to the issue of American inheritance tax, it is estimated that just paying the inheritance tax can allow Dr. Dolby to The family is bankrupt.

Now Dolby Laboratories is seeking to go public. Similarly, it is preparing to sell a part of the shares to establish the Dolby Family Fund. Originally, Dr. Dolby firmly controlled the company and took the path of non-financing, but ideals always bow to reality.

Of course, this is also our opportunity. After all, today's Dolby noise reduction system, stereo surround system, etc. have been involved in all aspects, whether it is theaters, home theaters or even ordinary life, there are Dolby laboratory technology. .

This is the same as imax, purely from the development of MGM, it is optional, but from the overall development of the media field and other all-round development, these technologies can be present or future film and television media technology Cornerstone."

...

"Well, Dolby, I only know the Dolby Theater in Hollywood. Does this have anything to do with Dolby Laboratories?" After hearing Barry Diller's tirade, Li Feng couldn't help but smile.

"BOSS, Hollywood’s Dolby Theater was established by Dolby Laboratories. This theater is the benchmark for the application of Dolby Laboratories’ products, and it involves various Dolby’s products."

"Oh, since that's the case, let's talk about it, can you hold a share?"

Li Feng already understands what the two companies mean. Iamx will not say anything. Li Feng in his previous life has long admired his name. After all, most of the movie theaters choose Imax cinema to watch.

Regarding Dolby, although I haven’t heard of it much, but through Barry Diller’s words, I clearly understand that Dolby Labs is not conspicuous, but it is a super giant in terms of noise reduction and sound effects. Although the market value of this company is not high, it is an absolute authority in terms of noise reduction and sound effects.

Purely from an investment point of view, there will be no loss. IMAX will be well-known in the future. Since it can get such a reputation, it is perfect to invest when people are not making their mark.

Although I don’t know much about Dolby Laboratories, it's worth investing just by virtue of its absolute authority in a certain area. I haven't heard a word, monopoly is the most lucrative business.

Why didn't Dolby go on the market before? It is because Dolby knows that he firmly controls the noise reduction, sound surround and other technologies, so he doesn't have to worry about making money and why he wants to go on the market.

Now that people have made the decision to go public for the sake of family inheritance, Dolby's prospects after the listing are obviously good. In terms of investment alone, investing in the two will not lose money, not to mention there is greater invisibility value.

Because of this thinking, Li Feng asked the two of them whether he could hold a controlling stake.

...

"BOSS, it is difficult to hold a shareholding. imax itself has long been listed, unless we acquire it at a premium to the market value. As for Dolby Laboratories, although Dr. Dolby wants to sell some shares in preparation for the company’s listing, he will still control the company. , Will not give up control." Barry Diller said with a smile.

"Well, now that imax has been listed, I think it is possible to have a holding. It is nothing more than a question of how high or low the price is, but it may be more difficult for Dolby to want to hold a holding.

This Dr. Dolby has been firmly in control of the company before. Although changes have been made due to family inheritance, but if you want to come to the company, control will definitely be in your hands, so make an investment that you see."

Combining the two aspects, Li Feng said with a smile: "Since this is the case, then make a general plan. The two companies can take as many shares as possible. IMAX can hold the most perfect share. As for Dolby, how much can I take? Count it."

"Understood, it's up to us next."

"Haha..., Barry, Frank, I believe you, you never let me down in two classes, did you!"

"Thank you BOSS for your trust."

"..."