Chapter 719 The extremely greedy Ovitz
"Oh my god, why is this player No. 32 so powerful? Is he a real person?" After chatting with Bronfman Jr., Sidney Shenberg also came out to continue watching the game. Suddenly, he was kicked out by the visiting team Orlando Magic.
The center, player No. 32 Shaquille O'Neal, was stunned.
He blocked a shot against New York Knicks center Ewing in his own half, and then quickly went on a fast break. After receiving a pass from his own guard Penny Hardaway, he dunked, a huge
His body hung on the basketball stand and shook several times.
"Not only that, he also smashed the backboard of the New Jersey Nets' home court before. So much so that the league redesigned the basketball stand. In the previous All-Star Game, his performance was also very good, with 22 points and 7 rebounds...and now
How much data is there?”
Little Bronfman had seen O'Neal's crazy performance at the All-Star Game in Phoenix, and was curious about his data today.
"He has scored 31 points, 15 rebounds, and 5 blocks..." Ronald looked at the broadcast on TV and reported O'Neal's statistics today.
With a whistle on the scene, the Knicks lost to the Orlando Magic 94-110 at home today.
"It seems that he is better than Ewing on your team. It would be great if New York had this center." Bronfman Jr. commented.
"Who says it's not..." Ronald agreed, thinking in his mind that this matter couldn't be that simple. It seems that this rich guy is not particularly reliable. Even if you don't talk about various contract restrictions, now the New York Knicks
He is not in charge of everything.
"Hahaha..." Shenberg also laughed, and he suggested that everyone go to eat Japanese food. Although the Japanese people are not reliable, their food is still good.
The discussion between Sheinberg and Bronfman Jr. was indeed very fruitful. Bronfman Jr. has reached a consensus with him that he will hold a certain virtual position in the new MCA Global, but he will not be as thorough as the Japanese.
Except for major decisions, he will be invited to discuss important company management matters.
Although this so-called right is only an honorary one, little Bronfman can do whatever he wants to manage the company. At most, he can inform Schinberg when he is not too busy.
But compared to when Panasonic people were managing Universal Pictures, Sheinberg was kept in the dark about such a major event as the company being sold to Seagram. This Bole, who discovered Spielberg, still feels
to the respect of the Bronfman family.
Coupled with the two people's common Jewish background, such a conversation feels like going home. Where should we give in, when should we get stuck, and at what time can we generously agree to the other party's proposal. Jews have accepted it since childhood.
The training gave them the feeling of meeting their opponents.
This meeting reached three points of consensus.
First, while Steven Spielberg is making films for DreamWorks, he does not give up on projects at Universal. The general cooperation model is the same as the previous Sheinberg-Spielberg system, except for the specific remuneration.
Bronfman and Spielberg have to renegotiate the terms of the movie and the share of the movie.
Second, Sheinberg will take the money from the realization of his shares and retire gracefully, but retain a certain honorary position in the new company of Global MCA. After this meeting, he will accept interviews from the news media and will
He said a lot of good things about little Bronfman, the little Jewish brother.
Third, Shenberg will attend the family dinner of Bronfman Jr. and meet the elder Bronfman and his younger brother, who is also a senior executive of Seagram Company.
After Ronald invited them to eat New York's top Japanese food, he also called on the New York Times reporter to interview Sheinberg on the spot.
Little Bronfman was also at the interview, but he didn't say anything. But Ronald could tell from his expression that he was very happy that Sheinberg was able to praise himself in such a way.
After all, Edgar Bronfman Jr. was still a young man who had to manage such a huge company. Although he had the secret support of his father, he must have the need to establish his own authority.
"Huh?" Just thinking of this, Ronald overheard the last of the three consensus points Sheinberg told reporters. He remained calm and secretly wrote down this point that might be used against Ovitz in the future.
Discovery plays an important role in action.
…
In 1990, Messrs. Wasserman and Messrs. Sheinberg sold MCA to Panasonic, making hundreds of millions of dollars in the process, but in later years they complained that Panasonic was treating them poorly, in fact
Treat your subordinates the same way.
After today's lunch meeting with the Bronfman family, Mr. Sheinberg said: "The meeting went very well."
"I like him very much," he said, referring to young Mr. Bronfman Jr. Mr. Sheinberg sounded extremely pleased, and his tone seemed to indicate that both he and his old partner Mr. Wasserman would remain with the company, although he
declined to discuss the details of the meeting.
Sure enough, the details of this meeting were reported on the headlines of the entertainment section of the New York Times the next day. The reporter also expressed in an analyst's tone why Bronfman Jr. wanted Sheinberg to stay at Universal.
One reason Mr. Bronfman is eager to maintain a close relationship with Mr. Sheinberg is that Steven Spielberg, Hollywood's biggest moneymaker, is fiercely loyal to Mr. Sheinberg and views him as Spielberg's own professional
A guiding force in your career.
So Mr. Spielberg and his partners, David Geffen, and Mr. Katzenberg, temporarily setting up offices for their new studio, DreamWorks, on the Universal lot, said that as long as Mr.
As long as Mr. is in office, they will stay there.
Mr. Spielberg wields extraordinary financial clout: Of MCA's $480 million in cash flow last year, roughly $150 million to $200 million came from the video release of the movie "Jurassic Park."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Such reports obviously made Ovitz very angry, and his partner Ron Meyer went to New York specifically to invite Bronfman Jr.
, conveying Ovitz’s latest instructions.
Of course, before meeting Little Bronfman the next day, Ron Meyer first ran to Ronald to exchange the inside story of the latest incident with him.
"He wanted to express two things. First, Mr. Sheinberg's departure, and Ovitz's eventual rise to power, would not necessarily lead to Spielberg's departure.
A source close to DreamWorks, who spoke on condition of anonymity, said the studio's founder, Spielberg, would have no problem working with Ovitz and staying at Universal as long as the right financial arrangements were in place.
Greg and his partners were also attracted by Time Warner, Viacom and Sony." Meyer first told Ronald Ovitz's instructions to discuss the next countermeasures.
"Ovitz is really a good negotiator." Ronald heard this and couldn't help but smile. Put these words in a specific context, at first glance, they are very beneficial to Ovitz. It seems that he has done everything.
In control.
He also expressed to Bronfman Jr. and Sheinberg at the same time that his own identity, in order to keep Spielberg at Universal, was not much inferior to that of Sheinberg himself.
But if you put aside the idea that Ovitz wants to put into the readers' heads in advance, start from the text carefully, and look at his statement, you will find that it seems to say nothing. Any
The new person in charge of Global MCA can say similar things without causing any problems.
How to process the facts or hide some of the facts so that public opinion can change in a direction that is beneficial to him? Ovitz is very familiar with doing this kind of thing, and Bronfman Jr. now wants to let Ovitz go.
As for becoming the CEO of Universal, the momentum of this matter is indeed on Ovitz's side.
"Second, he wanted to convey that he was not looking for a job, which reporters could tell from what he told a friend. But at the same time, Mr. Bronfman Jr. was probably looking for Mr. Ovitz.
Come and hold a position." When Meyer said this, he pointed at himself, indicating that this friend was himself.
"As expected..."
As the agent who may be the best at negotiating in Hollywood, Ovitz is particularly knowledgeable in the bargaining process. What his statement means is that he is not eager to sell himself, but Bronfman Jr. is.
Invite him over. So in the upcoming negotiations on wages and benefits between the two, it stands to reason that Ovitz should have the upper hand.
After this third consecutive report was published in the New York Times, Ovitz will undoubtedly return to the active position. If Bronfman had such a one-on-one negotiation with him, he would probably not be in a good mood.
Perhaps before officially hiring Ovitz as CEO, Bronfman Jr. will get a taste of how Ovitz dealt with the top executives of these seven major studios.
"By the way, Ovitz has another request. He wants a 5% option on Global MCA..."
"What did you say he wanted? Did I not hear clearly? Was this clause included in his first request? Did he increase the price again, or did I not hear clearly?"
"It's Ovitz who's raising prices..."
"Oh my gosh, he's still the same."
Ronald laughed when he heard this request. It was still a very typical Ovitz-style way of doing things, "get the thing done first, and then ask for a huge price."
It is different from most industries where you have to negotiate the terms first and then do business. In the entertainment industry, every project is actually a new small entrepreneurial project.
In fact, there is no precedent for reference for various terms. Once the business conditions are set, they are not like selling Coca-Cola. They can be adjusted slowly in the future.
Everything is almost a one-time transaction. The hidden risk here is that since it is a one-time transaction, the two parties may not complete the transaction.
Ovitz is well aware of this industry rule. He always does things first and then collects money. After facilitating Seagram's acquisition of Panasonic's Universal shares, he had plenty of time to slowly discuss his remuneration with Seagram.
If the acquisition cannot be negotiated, he will have no way to collect money. But if he negotiates various conditions with Seagram Company first, then Bronfman Jr. may not use Ovitz as the intermediary and agent for this negotiation.
Consultant.
As for why Ovitz is confident that he can negotiate after the business is completed and still receive the amount of money he wants?
This is of course because he is the boss of CAA. Projects are all one-offs, but in the entertainment industry, he is the person you will encounter repeatedly.
If you don't give him the conditions he wants, then when Universal Pictures wants to make a big production in the future, if Orvis's CAA is not 100% supportive of this project, then a big disaster may happen.
Problem. Especially the mainstay of Universal, Spielberg is a contract client of CAA.
"Actually, from a certain perspective, this clause is quite reasonable. If Ovitz truly becomes the CEO of Global MCA, then he must give up his equity in CAA for legal reasons.
Today, CAA's valuation has reached US$350 million. In the 660 million acquisition, the 5% option is almost US$330 million. With this money, he can pay me and other CAA
Included are the partners’ equity fees.
And Ovitz said that he is very confident to develop Global MCA into a large company with a market value several times its current value. By that time, the value of his 5% equity will also see a very large increase. This is a
A win-win situation.”
This chapter is not over yet, please click on the next page to continue reading! Ron Meyer seems to agree with Ovitz's algorithm, and there is a happy feeling in his tone. If Ovitz gets this option
, then Meyer can also get corresponding options, and everyone will make a fortune by then, which does not seem to be an unacceptable outcome.
"What an interesting algorithm. But there is only one situation where it holds true. That is Ovitz really doesn't want to leave CAA, and Bronfman Jr. really wants him over and sees him as the only one.
candidate."
Ronald smiled and pointed out the biggest flaw in this calculation method. In America, in Hollywood, no one is irreplaceable. Ovitz can ask for any number he wants. Little Bronfman, if you particularly appreciate it
Ovitz can agree to it. But based on what Ronald learned from that dinner between the Sheinberg and Bronfman families, Bronfman Jr.’s father and uncle...
"Oh... I also think this number is too much. The 5.4 million Disney stock options held by Disney's Michael Eisner, if fully realized, would only account for 1% of the total share capital..."
"That sounds like a reasonable number. I think if you become a CEO and have these options, you will become a rich man who has crossed the 100 million yuan threshold."
Ronald smiled. If he cashed out the option, Eisner would be worth more than 300 million U.S. dollars. And as far as he knew, in so many years of management, Eisner had awarded himself more than the original contract
If the additional options totaling 5.4 million shares at that time were taken into account, his worth could be even higher. But if Eisner knew that Ovitz wanted to surpass him in worth as soon as he joined Global MCA...
"Yeah, that sounds quite reasonable." Ron Meyer's mind began to drift in another direction. Ovitz's wishful thinking was probably not going to come true, so after he replaced it, if it hadn't been so
Chapter completed!