"Thank you all for coming to my house for dinner with your family during the busiest time before Christmas. This Christmas means a lot to me, and my relatives all came to Los Angeles to spend it with us.
Christmas is a holiday for family reunions, and I also regard you as a member of the Daydream family, and I hope you can also regard me as a family member."
On the night of the week before Christmas, Ronald hosted a banquet for all the executives of Daydream and their families. The meal was jointly prepared by two teams: a Cantonese chef from Chinatown and a chef from a Japanese sushi restaurant.
Fusion dishes, and high-end red wine from the country.
Those present here are all senior managers who have worked with Ronald for many years, and their loyalty and abilities have been tested. People from out of town came here on his private jet, and every family came to the door in a luxury car, giving these families all they deserve.
of decency.
"For daydreaming..."
All the executives raised their glasses, and Ronald toasted with them one by one, holding everyone's hand and saying some words of thanks.
The integration led by Ed Bastian, which lasted more than a year, has been basically completed, including the New York Daily News, television stations, radio stations, Roger Ailes' cable talk show channel, film production in Los Angeles, advertising production, etc.
Departments are all integrated into one entity.
The name of this entity is DDH Media, which is a combination of the names of multiple formerly independent media outlets. They represent the three main components of Daydream Productions, New York Daily News Media, and Hollywood Cinemas.
"Since it is an early Christmas party, I have also prepared Christmas gifts for you. The gifts are in your car and you can see them on your way back..."
The children were the happiest. They played the latest games at Ronald's house and ran around wildly. In the end, Uncle Ronald gave everyone a big bag of gifts, which he placed in the back seat of the luxury car.
Panda toys, the latest game consoles, Star Wars laser swords, etc.
After they got in the car, crazy screams started to sound in the car again, and everyone's children were very happy.
Female employees and wives of male employees were also given a bag of benefits, which ranged from vacation vouchers to the best spa massages, as well as vouchers for several fashion, luxury goods, cosmetics, and designer jewelry.
These were originally gifts for important public relations people in the industry, but this Christmas, the highest-end gifts were also prepared for each employee’s family.
As for the male employees, there was only a thin red envelope with a Chinese symbol of double happiness printed on it. It looked like a Chinese knot, which was very festive. When you opened the envelope, there was a thin piece of letter paper inside.
, there is the logo of the newly established DDH Media on the top.
"..."
At this time, the employees in the luxury car were speechless.
These letters are the share arrangement of Ronald's DDH Media, which grants them shares ranging from 0.05% to 0.15% based on their years of service and contribution, and equivalent options, allowing them to use their current rights within four years.
exercise price.
Generally speaking, employees at the level of Michelle Cannold who book a job as COO of a media company can get about 1% of the stock and options. Senior vice presidents, such as senior vice presidents who have solved many problems for Ronald
Artistic director Polly Platt can get about 0.2%. Senior managers like Claudia Wells also have options of 0.05%.
At the end of the letter, it was also announced to everyone that DDH Media had reached an agreement with Goldman Sachs a few months ago, and they were the underwriters of DDH. They had made preliminary preparations for the listing, and now have submitted S- to the SEC.
1 file to conduct an IPO.
Goldman Sachs was very surprised by the quality of DDH's assets. Daydream Productions itself owns the copyrights to many blockbuster movies, which they expected. But other parts of DDH Media are still surprising.
The New York Daily News, TV stations, radio stations, and cable TV channel program production, if these assets are taken out separately, they are also qualified to be listed on Nasdaq, and there is no problem in raising about 50 million US dollars.
Wall Street has recognized in recent years that the effect of these media combined is that one plus one is far greater than two. Together, they can increase the company's valuation by hundreds of millions of dollars.
The last holdings of Hollywood Cinemas and modernized multiplex theaters such as Palm Cinemas are even more gratifying.
Since the Paramount monopoly case was re-examined under the loose and liberal economic policies of the 1980s, film studios own equity in theater chains and are no longer the target of antitrust cases.
However, movie theaters are an asset-heavy industry, and ordinary production companies have tight cash flow and no spare money to invest in theater chains. DDH Media actually quietly acquired an important stake in the Hollywood theater chain, which is expanding rapidly in New England.
This is a condition that other major studios do not have.
In addition, there are several blockbuster movies such as "Dirty Dancing" and "Street Fighter", which are fully invested by Ronald, as well as sequel copyrights and video tapes, and soundtrack copyrights. Goldman Sachs' IPO valuation of DDH Media
Approximately between 1.25 billion and 1.8 billion.
The IPO price will be set at US$18 to US$25 per share, and 15 million to 25 million shares will be issued, accounting for 20% to 30% of the company's total share capital. If based on the bottom line estimate, approximately US$300 million (15 million shares per share) will be raised.
According to the high-end estimate, it can raise US$600 million (25 million shares, US$25 per share).
After listing, the total market value of DDH Media will fall between 1.4 billion and 2.3 billion.
Considering that the current federal funds rate is around 4-5%, Goldman Sachs is optimistic about this IPO.
Media consumption is growing strongly and the industry is growing. DDH Media has a diversified portfolio, valuable intellectual property (movie rights), a strong position in the media center New York market, coupled with cable television penetration.
rise……
With many favorable factors, and considering Ronald's good record of producing and directing movies at the box office, this IPO will be the first mid-sized listing in the media industry next year, and both Viacom and QVC are going crazy for Paramount.
With the bid, DDH Media is likely to attract substantial investor interest.
“How is the Blockbuster acquisition going on the stock market?”
The last person who stayed at Ronald's house was Ed Bastian, who was scheduled to serve as CEO. He controlled the integration and listing, and also ran various media in New York. It can be said that he is the most hard-working and accomplished person.
.
"We have gradually acquired the equivalent of 1.5% of Blockbuster shares... We bought them in batches at the market price without alarming the board of directors."
Ronald nodded. Blockbuster is now the leader in the video rental industry in America. 1.5% of the stock is equivalent to a cost of about 70 million. It is still far from the 5% that needs to be disclosed according to SEC regulations.
This is because Goldman Sachs has also proposed that DDH Media have some of its own video channels. Although this company is a small leader in the media group and its channels are limited to New England and Los Angeles, sometimes investors just prefer concepts and
Story, if there is a seat on the board of directors of Blockbuster, then DDH's all-media concept will be more perfect than other media companies.
"Very good. Once the SEC gives its opinion on my listing application, you will be busy running road shows. I will attend when necessary. I will leave the rest to you..." Ronald also gradually discovered that Ed
·Bastian’s management skills, especially his level of financial operations, are far beyond those of ordinary accounting firm partners, and he is also successful in running a media company.
For this kind of media group, in fact, it is not the most important thing for the CEO to understand the media, because there are a lot of professional media talents waiting to be hired, but it is truly possible to find a financial plan to make these media with different cycles, cash flows, and asset sizes complementary.
ability.
"This is my job... The children had a lot of fun going to Disney and Universal. They all like Bud. I usually don't have much time to spend with them. This gift makes them very happy." Ed's family also came.
He and his wife are very loving and have four children. They usually live and go to school in New York. This time when he came to Los Angeles, Ronald specially arranged for little Bud to be his companion and let the family play in Disneyland and Universal Park.
Had a great time.
"This is your gift..." With that said, Ronald also handed over an envelope with a Chinese knot.
"Oh, this... you are too generous, Ronald." Ed Bastian stuttered a little when he saw the numbers.
"You deserve this, Ed..." Ronald gave him some basic equity documents before, and this time he gave him 0.5% of the group's equity and 1.5% of options. After listing,
Ed Bastian also received a bonus of just over 2%.
"I don't know what to say. This is more generous than generous. I have to go back and celebrate with my wife..." Bastian wears square glasses and is a typical New Yorker who values hard work and living in harmony with his family.
, the best reward for him is to recognize his ability in terms of money.
…
"Ronnie, Ronnie, Ronnie..."
After seeing off the last guest, the Bastian family, Diane couldn't help but jump on Ronald and shouted happily.
When she first fell in love with Ronald, Ronnie was just a director's assistant on a set and a member of the Screenwriters Guild. Who would have thought that he would soon become the owner of a listed company with a net worth of one billion?
Ronald hugged Diane and entered the bedroom. The two kissed deeply for who knows how long. Diane had difficulty breathing before he took his mouth away. He lay on the bed and savored the kiss. After a long time, he opened his eyes and saw Ronald.
De handed over a document.
"Signed this document..."
"What is this?" Diane took a look and saw that they were all professional names drafted by lawyer Lindsay Dole, and she didn't understand.
"This is the share document of DDH Media. From now on, these shares will belong to the trust of you and Little Roger."
Ronald established a family trust and transferred the ownership of some shares to the trust. In this way, Ronald himself is no longer the largest shareholder of DDH Media, but a trust with relatively few disclosure obligations under SEC regulations.
.
Although this trust segregates a large portion of the shares, Ronald still occupies the majority of the shares. Diane and Roger Jr. can only obtain full ownership after Ronald's death. In the vote of the board of directors, Ronald
Nader also controls the vast majority of voting rights.
"Oh, Brother Ronnie..." Diane turned over and climbed up. Today I want to thank you...
"Thank you, dear, I want to use the money to set up a charitable foundation. What do you think?" Half an hour later, Diane sweetly signed the document, then hugged Ronald and gently touched his chest with her fingers.
Draw circles on the ground.
"Of course, this is a very good thing. Who do you want this charity fund to help?" Ronald held Diane's hand and rubbed it, starting a charity project, which is also a standard project for Hollywood female stars, especially since she has already
Female stars who have won Golden Globes and Oscars don't have to be so desperate in chasing awards.
"I don't know, it's a minority group, or something like Elizabeth Taylor..." Diane just felt that she had to do something high-end, something that would give her a sense of superiority when chatting with other female celebrities at parties.
"Of course that's good, but Ms. Taylor's case is because her friend Rock Hudson died..., so this is a very important thing in her heart. It is best to find a project that is important to her heart when doing charity..."
This chapter is not finished yet, please click the next page to continue reading the exciting content! "Well, my parents divorced when I was young, and it was actually very difficult for them to raise me. When my dad drove a taxi, he let me sit in the car for a long time.
In the passenger seat, because he can't afford a nanny. I always want to help these children from single-parent families..."
"That's great, let's set up a charity fund in this direction..."
The next day, Ronald got up very early, took the boxes that Diane had helped pack, and prepared to go out to the airport. Ronald still had several similar contracts to sign in New York, including Karen
Trusts established in the names of his aunt, Donna, Little Doug, and Helen each hold some shares on his behalf. This can reduce the shares held in Ronald's personal name and no longer be the largest shareholder of DDH Media.
"My dear, go conquer the world..."
Diane kissed Ronald hard again and waved goodbye to him.
"I'm going to meet with Wall Street bankers this time. I will only attend a few road shows in the future. I'll let Ed handle them all. I'll be back soon..."
Ronald also waved to Diane, and the two said goodbye warmly like newlyweds in a movie, then got into Bud's car and drove to the airport.
"Good morning..." Little Bud also smiled happily. Ronald also gave himself one of those gifts for Christmas this time. His wife and children were very happy.
"Are they happy to get the gifts?" Ronald asked.
"I'm so happy. I'm going to take them shopping around Christmas and spend all those vouchers. You know, my wife likes the feeling of shopping in luxury stores. She said she used to be a saleswoman.
I really like the feeling of being a customer.”
Little Bud was beaming with smiles. He is now driving. His wife and sisters at home also have very good jobs. As Ronald's full-time driver, there are also many hidden benefits. Many of the gifts Ronald received will be
Forwarded to him. Apart from his mother calling him all the time and telling him platitudes about respecting Ronald, life was very happy.
Old-school black women just don’t understand. It’s the 1990s, and Bud and Ronald still have a buddy-buddy relationship, not the kind of loyalty a slave has when facing his slave master. Mom is still a little out of date.
.
"This is your gift..."
Ronald smiled and handed him an envelope.
"What is this? Do I have any extra gifts? Hahaha..." Little Bud started laughing again. Who wouldn't like such a boss?
"I also have shares? Oh yeah?" Little Bud took out the envelope and saw a letter on DDH Media's letterhead, which seemed to say that he would be given 0.01% of the shares.
"How much is this? My brain can't figure it out..." Bud could only grin. He knew it must be a large sum of money. It could be regarded as a bonus given by Ronald for his years of hard service.
?It seems that what mom said is still very important.
However, how much is this? Ten thousand, twenty thousand, or the boss is very happy and gives him one hundred thousand to pay off the mortgage in advance. Ronald also said that a responsible father should leave something for his children.
With the college fund, I can now be proud of my mother and sister. This is the first person in their family to prepare college tuition for their children.