Chapter 571 Accept
In the DreamWorks reception room, Spielberg looked at Ronan quietly, his face full of thoughts.
He knew a little about Yijiang Film Industry, but the bad things that DreamWorks encountered recently made him have no time to take care of.
Most importantly, DreamWorks also has no funds or strength to eat Yijiang Film.
Ronan said again: "Relativity Entertainment is only interested in Yijiang Film's film library, and all other businesses can be handed over to DreamWorks, including Yijiang's global distribution business."
DreamWorks is in poor condition recently, Spielberg must consider the actual situation and asked: "If we both sides jointly invest to complete the acquisition, how do we divide the funding ratio?"
Ronan said slowly: "Seven to three, DreamWorks seven."
Spielberg's face immediately turned cold: "What is the biggest foundation of a film company? Film library resources! We all know this. Companies like Yijiang Film Industry can account for 50% of the value of film library!"
Ronan did not refute, but said, "issuance channel."
Spielberg's second half of the words were instantly blocked. What is DreamWorks most lacking? But he thought for a while and said: "Yijiang Film has average distribution capabilities, even Xinyi Film and Miramax, and some businesses of Yijiang Film are of no use to DreamWorks, except for film libraries."
"Indeed, Yijiang Film's distribution ability is not very strong." Ronan's tone was calm, but his words were so stunning: "Steven, can DreamWorks still win a more suitable distribution channel than Yijiang Film?"
If there is one, DreamWorks won’t be like this now.
Luo Nan said: "There is no better choice. There are only six major companies and their subsidiaries that are more complete than Yijiang Film's distribution channels."
Spielberg suddenly interrupted: "And your relativity entertainment."
Ronan shrugged: "Relativity Entertainment's distribution business is non-sales product."
Spielberg knew the fact that Ronan said. Looking at the entire Hollywood and even the world's film industry, how difficult is it to buy a distribution company? This requires not only funds, but also opportunities.
Ronan said calmly: "Relativity Entertainment is an open commercial company that can cooperate with DreamWorks or any company. Even if you divest the film library and use the distribution business of Yijiang Film as the core, it is not difficult to take action. Steven, we have known each other for many years. You know Relativity Entertainment, and I also understand your DreamWorks. One of the core issues of DreamWorks is issuance. With the issuance channel, you have the capital to negotiate with any shareholders."
Spielberg was unwilling to give up and said, "Dreamworks can acquire Yijiang Film alone."
"Is that?" Ronan seemed very calm: "Can DreamWorks really withdraw more than $300 million without affecting normal operation? Steven, if you have this attitude, we don't have to continue talking. Relativity Entertainment can complete the acquisition alone. The reason I came here today is because we have a common enemy, but the enemy will become friends. Without distribution channels, how long can DreamWorks last? You know better than me."
Speaking of this, Luo Nan stood up and looked like the conversation was broken.
Spielberg quickly tried to keep it: "Ronan!" He sighed in his heart: "I need to fully understand Yijiang Film and give me a few days. In addition, I cannot accept the investment ratio of 7 to 3, and DreamWorks cannot provide so much money."
Ronan looked at Spielberg, and Spielberg said, "Six to four."
"Six-5 to three-five." Ronan also took a proper step back: "Steven, you should first learn about Yijiang Film's distribution business."
Spielberg thought secretly that DreamWorks had just raised $140 million in India, and could squeeze out a little of the working capital. Then he borrowed part of the copyrights from the animation studio and mortgaged some of the copyrights of some of the videos in his hands. It was a bit difficult to raise $100 million, and it was not impossible to get it out.
This way, DreamWorks will be very tight in the next few years, but this is the coveted issuance channel!
Yijiang Film's North American distribution channel can improve DreamWorks' North American distribution capabilities. DreamWorks uses Yijiang Film's overseas distribution channels as a framework to build key overseas distribution businesses.
The overseas distribution channels of Polykin obtained by the Embassy Film Company were far less than those of Yijiang Film Company. Since Ronan Anderson and Relativity Entertainment could do it, with his and DreamWorks, they would definitely do it.
Think about Shirley Lansing's face, facing Paramount Pictures' step-by-step pressing, and the uninterrupted efforts for the dream for ten years, Spielberg doesn't want to and can't miss this opportunity.
If you missed it, you may never have such a good opportunity again.
Ronan didn't say anything anymore, just waited quietly for Spielberg to consider the pros and cons.
Since he found DreamWorks, he naturally made various filings, and DreamWorks was just one of the plans. Just as he initially planned to swallow Yijiang Film and Television alone, Yijiang Film will not be in the hands of Relativity Entertainment after it was divested from the film library.
I will never have to worry about going home in Hollywood.
The reason why DreamWorks is the first choice is that Relativity Entertainment requires DreamWorks to continue to be ahead, as a buffer zone with the traditional six major Hollywood companies.
Spielberg said without considering it for too long, "I agree in principle, but Ronan, you have to wait for me for a few days. I need to have a rough understanding of the situation of Yijiang Film and also take time to raise funds."
Ronan nodded slightly: "No problem." He reminded: "It can't be too long. Steven, we have competitors."
"Also." Ronan knew that it was just a short-term cooperation with DreamWorks and could not be friends, and would not be polite: "I have discussed with Jerever several times about the North American distribution rights of DreamWorks Animation Studio."
Spielberg looked a little ugly: "I need to think about it."
It was not until noon that Ronan left the DreamWorks campus and returned to Burbank. He received a call from Robert Eiger, and the two quickly exchanged their situations on their respective sides.
Then, according to Ronan's requirements, Robert Eiger tried his best to drag Yijiang Film and Television to increase the price on the side of Lion Gate Pictures, and Relative Entertainment would follow up, but the bid would not be much higher than that on the side of Lion Gate Pictures.
By the end of January, Spielberg signed a cooperation agreement with Relativity Entertainment in a very low-key manner on behalf of DreamWorks.
"$360 million! This is Lionsgate's final bid!"
Facing Emil Marin of Yijiang Film, Frank Gusta almost shouted out the price: "Emir, you and I know very well how much is the actual value of Yijiang Film. Premium acquisition is the norm, but you are too greedy."
Emil Marin said with a smile: "Fran, there are not many high-quality assets like Yijiang Film now, and Yijiang Film has no shortage of next companies."
Frank Gusta sneered: "Relativity Entertainment? Who is Ronan Anderson? You and I know very well. Do you think he will risk the capital chain of Relativity Entertainment breaking and offer a higher price than $360 million?"
Emil Marin remained unmoved and said: "$400 million, this is my bottom line."
Frank Gusta wanted to curse "shock", but he endured it and said, "No one will pay $400 million."
Emil Marin knew this, of course, but $360 million was a little far from his bottom line, saying, "Your bid was too low."
The $360 million has reached the limit of Lionsgate Pictures. Even if the acquisition is successful, Lionsgate Pictures will have to bear a heavy debt burden in the future. Frank Gusta mobilized almost all financing channels and networks to raise this fund.
Anyone and company have their limits, and Frank Gusta cannot throw all his trump cards into this acquisition case.
Frank Gusta shook his head: "Emir, let's be here today, you'd better think about it."
Emil Marin sent Frank Gusta away, rested for two hours after lunch, and once again saw Robert Eiger, who always had a smile on his face.
Although the chief operating officer of Relativity Entertainment looks extremely kind, he is more difficult to deal with than Frank Gusta.
Emil Marin saw the smile on Robert Egg's face and said, "Bob, you have been delaying this negotiation again and again. I can no longer feel the sincerity of relativity entertainment."
Robert Iger smiled and said, "Can the bid of $350 million prove the sincerity of relativity entertainment?"
Emil Marin said inadvertently: "Liongate is much more sincere than you, and they bid $360 million."
Now that DreamWorks and Relativity Entertainment have reached an agreement, Robert Eiger doesn't want to drag it down anymore and said, "Frank Gusta is planning to put all his money into it."
Emil Marin also knew more about the potential purchases and knew that what Robert Iger said was true. If it weren't for the Relativity Entertainment, he might have nodded to Lionsgate Pictures before.
Robert Eiger said cleanly: "$370 million, if you agree, I will notify Mr. Anderson now."
Emil Marin frowned and was about to speak, but Robert Eiger curled all his smile and interrupted him directly: "Emir, this is the last bid of Relativity Entertainment!"
Seeing the guy who smiled like Mickey Mouse with a serious face that had never been before, Emil Marin got a strong hint that this might be the final bid of Relativity Entertainment.
Robert Eiger, who has always been smiling, suddenly put on a dead face, which only shows that the price has reached the limit of relativity entertainment.
Emil Marin thought for a moment and said in unprecedented sincerity: "Bob, I need to think about it."
He also needs to combine the opinions of other shareholders.
Robert Eiger will not say more, and there is a acquisition team behind the more detailed terms: "Emir, I hope I can get good news."
Emil Marin shook hands with Robert Eiger, and after he left, he immediately notified the secretary to convene the meeting.
Chapter completed!