Extraordinary Genius

1441. Chapter 1441 slams Sony (1/10)

Sony is doing things, bringing so much trouble to Taihua Holding Group. How could Feng Yu not fight back? How could it be swallowed?

Although those people are out of touch with Sony on the bright side, there is no direct evidence to touch Sony’s head, but as long as it is not blind, you can know that this thing is absolutely irrelevant to Sony.

At this time, Sony’s advantageous business is PSvideo game, digital video camera, digital camera, flat-panel TV, mobile phone, computer, music player, etc., which does not include their entertainment business such as movies and songs.

Among them, in terms of movies and songs, Sony is also top-notch in the world. Only through better works can Sony be defeated.

Sony’s former ace Michael Jackson has gradually declined in recent years, and Sony’s new flag singer has not reached the height of Michael Jackson.

As for the movie, with the popularity of the CD, Sony has earned a lot of money with its huge film and television copyright. Fortunately, people are now more interested in new movies, so the profits of Sony Pictures are gradually decreasing.

The best way is to fight Sony’s expansion. At this time, Sony Pictures is seeking to acquire the MGM film Corporation. This is the last independent film company in Hollywood’s eight major films. The Corporation has super IP such as 007, Rentai Taishan, and this massive film and television copyright.

These copyrights, although re-issued will be less of a concern, but there is still a great use, that is to take out the remake.

Feng Yu remembers a lot of remake movies in the past, and the final box office is amazing. And Feng Yu has some classic movies in his mind, and he also needs a powerful Corporation to make.

The reason why MGM has fallen is because the film they filmed only focused on the plot, not on visual effects. Going to the cinema, of course, I hope to enjoy a visual feast. As for the plot, I can’t buy a CD. Or to the video website, can’t pay for viewing?

Whether it’s buying a CD or paying for it, it’s much cheaper than a movie ticket, and because it’s at home, it’s more comfortable, more free, and repeatable.

So now MGM’s main revenue is to sell CDs, but their CDs are made and they are handed over to Sony Pictures because they don’t have their own CD production factory!

Sony Pictures has seen the massive copyright of MGM and the appeal of its veteran film Corporation, so it is going to eat it. But in fact, Sony Pictures does not have enough cash, at least the acquisition of MGM is not enough.

Even if MGM is left behind, with the copyright and the brand value of the Corporation, it is worth four or five One billion dollars. Of course, the value of tens of billions of dollars in other organizations is no longer comparable.

Sony has recently invested too much in electronics, such as digital cameras and digital video cameras to ensure a leading edge. For example, music player products should catch up with AIWA. For example, the newly added plasma flat-panel TV camp needs a lot of money. For example, mobile phone sales are declining and need to increase investment. Computer sales are declining and investment is also needed.

Even they have dominated the TV video game for several years, and because of the strong rise of GBOX, Nintendo has been upgraded, and has to increase investment in research and development, and strive to launch new models as soon as possible.

So don’t look at Sony’s revenue last year is good, but if you want to buy MGM, you really can’t get the money.

In the first two years of the dot-com bubble, Sony’s share price has fallen all the way. It has just slowed down recently, but it is still less than 30%.

Therefore, if Sony wants to acquire MGM, it can only obtain financing through mergers and acquisitions. It is also a common acquisition method in the country of rice.

The acquisition plan that Sony announced to take is another special financial leverage acquisition, which is to use MGM’s assets as collateral to issue high-risk bonds and mortgage loans from banks or other investment institutions.

For example, Sony needs five One billion dollars to acquire MGM, but the real assets may only cost $10 million, which is the strength of the financial leverage acquisition.

But at the same time, if MGM is in good operating condition and assets start to increase in value, Sony Corporation cannot share because of the gains from asset appreciation, and it will not be able to obtain normal operating income until loans and bonds are paid off.

Many people like to buy this high-risk bond because the higher the risk, the higher the profit. Sometimes a seemingly junk bond can bring a hundredfold benefit. Of course, more likely, this bond does become garbage, a piece of waste paper.

This is equivalent to a gamble, some people like it, and some people are far away. Successful ecstasy, failed will not be too much injury, as long as the purchase is not much.

Formerly, Sony has joined several investment organizations, ate MGM, and then earned MGM income through a series of equity transactions.

This has also allowed Sony’s film industry to grow further. In the short term, it has brought billions of dollars in revenue to Sony Pictures, an unprecedented success.

However, this is also an overdraft, overdraft MGM’s brand potential, so later MGM fell into bankruptcy, and eventually was lost by Sony to the telescope Corporation.

To acquire MGM, not only in terms of film and television, but also in hotels, resorts, cinema lines, cafes and so on. Feng Yu is only interested in film and television and cinema. As for hotels and resorts, Feng Yu has no interest at all. He plans to sell it out and sell it.

At this time, you need someone who is interested in this aspect, such as Donald.

“Feng, you said that you want to acquire MGM? Would you like me to complete this acquisition with you?” There is some doubt in Donald’s expression. He generally only invests in real estate and stocks, and does not invest in film and television.

“Donald, MGM is not only film and television, but also resorts, hotels, cafes, etc. Are you interested? Recently, the real estate market in the country, but has been rising.” Feng Yu asked with a smile.

The price of real estate in the country has risen. As a Donald of New York real estate, the assets are naturally rising. Donald has a crazy obsession with real estate.

Donald eyes shined, there is no good real estate investment in New York recently, and investing elsewhere is also a good choice.

“You mean, after the acquisition, the MGM business will be split, the real estate is here, and the rest is for you?”

Feng Yu nodded. “How, are you interested? You know, for the management of hotels and other property management, our Wind & Rain Holding Company Group has no particularly good talents, so we can guarantee no loss in our hands, but in In your hands, you can make sure you make money!”

“Feng, then when do we meet and talk carefully?”

“Acquired I flew to New York, we talked!”

……

PS: Look at the title and you know that today is even more. I didn’t think that one of the dragons in this book was a successful counterattack. The fourth child bet with friends and won a meal, 嚯嚯嚯嚯~~~