Under the economic crisis, the world is introducing various good policies to attract investment, attract funds to restore the economy and stabilize employment.

Perhaps it was Zhou Buqi and Sun Zhengyi who joined forces to build the "Purple Star Global" big project that stimulated the US authorities and made them feel that they should express their encouragement. In mid-May, a rather surprising piece of good news came.

The U.S. regulatory authorities have approved the split of Ziweixing.

A full month ahead of schedule.

Domestically, Zhou Buqi has already smoothed the relationship and there are no obstacles. As for South America, Australia, Africa, India, Russia and so on, there is no need to worry about it. Next, as long as we wait for the approval of the EU regulatory agencies, everything will fall into place.

Already.

It is expected that Ziweixing will be officially split by mid-June.

May 16th is an exciting day.

Manchester United won the Premier League.

My parents and Zhu Jun have all gone to Manchester to witness the championship.

Zhou Buqi also wanted to go, but he didn't make it.

There is new news in Hollywood.

"What? MGM?"

"Yes, after MGM released the news that it would seek a sale, it is said that many companies have contacted them."

Zhen Yu stood at the door of the study, like a secretary.

Zhou Buqi was a little funny, "What are you doing standing there? Come here."

Zhen Yu rolled her eyes at him and stood still.

Zhou Buqi patted his thigh and said, "Come quickly."

Zhen Yu bit her lip lightly and said, "The servants are cleaning the floor outside."

"Lock the door."

"Don't go too far."

Zhen Yu bit her lip and warned, then turned around, locked the door of the study, and walked slowly to his seat.

Zhou Buqi was not polite at all, he immediately hugged her over and made her sit on his lap. He put his left hand around her waist, and his right hand slid up her nightgown and caressed her delicate and soft thighs.

.

Zhen Yu was used to it. She placed her palms on her thighs and drew a line, "Until here, you are not allowed to cross the line."

"Why?"

"Men and women are not allowed to be intimate."

"Ahem..."

Zhou Buqi was amused and laughed.

Zhen Yu's pretty face was flushed, her eyes were shining, and she couldn't help laughing. She pursed her lips and said, "Anyway, I can't let you succeed like this in vain."

Zhou Buqi heard something in her words, "Huh? What do you want? Tell me, I can pick it off for you even if it's the moon in the sky!"

Zhen Yu hesitated for a moment, spoke softly, and asked in a low voice: "Boss Zhou, what is our relationship now? You always do things like this."

"No!"

Zhou Buqi was surprised.

Zhen Yu gritted her teeth and said, "You haven't confessed your love yet!"

Zhou Buqi coughed and said awkwardly: "Senior Sister Zhen Yu, you have to consider my difficulties. I am not a scumbag. I can't tell you that I only like you in this life. We will be together for the rest of our lives."

?This is all to coax the little girl. I am a real person and will not lie to others."

"I won't hug you anymore." Zhen Yu squeaked and went to sit on the sofa on the side. "Go and ask, what's going on here at MGM? Don't let others take advantage of our layout.

.”

Zhou Buqi felt more at ease, “It shouldn’t be a big problem!”

Masayoshi Son is responsible for the MGM case.

Zhou Buqi called him and got confirmation. Son Zhengyi said: "Indeed, three or four companies have consulted MGM's board of directors and seem to be interested in acquiring it."

"This can't be done!"

Zhou Buqi frowned.

Son Zhengyi said with a smile: "According to your theory, aren't the leaders in Hollywood all very low-level and unable to see the times clearly?"

"Is it a Hollywood company that made an offer to MGM?"

"Yes, it seems there is Time Warner."

"Um……"

Zhou Buqi became much quieter.

When Hollywood companies acquire MGM, they look at the business's ability to make money. They consider it from the perspective of industrial integration and the business model of the traditional film industry.

If this is the thinking, the value of MGM is very low.

Over the past two decades, MGM has been ruined by capitalists and is no longer viable. From a traditional perspective, MGM no longer has much value.

Therefore, to acquire MGM using the traditional business model, the price must be very low!

If you invest in the future and seize the trend of the era of "content is king", you may pay a sky-high price for MGM. Just like Marvel, normally, before the release of "Iron Man 2", this company

The company's value was only US$1.5 billion to US$2 billion. But Disney saw the right direction and directly offered a price of US$4.2 billion, successfully succeeding in one fell swoop!

Then, only half a year later, "Iron Man 2" became a global hit.

Disney's acquisition of Marvel became an epoch-making success story.

Zhou Buqi said "Yeah", "My theory must be right. As long as Disney doesn't take action, other companies will not dare to invest too much in MGM."

Masayoshi Son said: "It is impossible for Disney to make an offer for MGM. The corporate cultures of both parties are too far apart."

Zhou Buqi agreed with this point of view. He stood up and went to the sofa, sitting next to Senior Sister Zhen Yu. He put his arm around her waist and turned his phone on speakerphone, "How was your discussion with Sony? What did they think?

?”

Son Zhengyi smiled and said: "If you have any ideas, just accept your fate and just take off the responsibility."

MGM's current debt is US$3.7 billion. It is insolvent, its cash flow is cut off, and it cannot produce new films. It has to continue borrowing money to pay interest, which can only make things worse and worse.

For the major investors in the leveraged buyout of MGM, this was a hot potato. Not to mention making money, it would be great to be able to give away this burden for free.

If it is not handled well, all parties will be offended and may even fall out and file a lawsuit.

Zhou Buqi said: "That's right, there is one thing that needs to be done in advance."

"What's up?"

"Repurchase issuance rights."

"What's the meaning?"

"The purpose is to buy back the distribution rights of MGM movies over the past twenty years. Content copyright is the right to earn income, and the right to distribution is the right to control."

Seeing that he didn't quite understand, Zhou Buqi explained more.

For example, the production company of MGM's movie "GoldenEye" ten years ago was MGM. But at that time, MGM no longer had a distribution company, so it sold its distribution business to others, and its theatrical distribution to

Universal Pictures, DVD, TV and other peripheral rights distribution were sold to Warner.

Distribution rights are the real control rights.

If Netflix wants to put "007: GoldenEye" on its own platform, it is useless to get MGM, because the distribution rights are not in their hands. They have to contact Warner and rent the digital rights from Warner. Warner gets it

After the rent is paid, a commission of about 8% is collected and the remaining 92% of the rent is transferred to MGM.

In the early years, MGM's movies were basically distributed by Universal Pictures and Warner.

By 2005, Sony led a consortium to acquire MGM, and Sony controlled MGM. Since then, the distribution rights of MGM's film and television dramas have fallen into the hands of Sony Pictures.

The distribution rights also have to be bought back.

Zhou Buqi said: "It shouldn't be difficult to buy back the distribution rights from Sony. Sony doesn't have a TV business, and the distribution rights only have financial significance, not strategic significance. But it's a little difficult for Warner."

Son Zhengyi asked: "Strategic significance? How to say it?"

Zhou Buqi said helplessly: "Look at Warner's TV business, channel N, HBO, and dozens of affiliated stations. Warner controls the distribution rights. Isn't this a case of left-right and right-hand?"

"Hiss!" Masayoshi Son took a breath of surprise, "The previous management of MGM was so stupid!"

Zhou Buqi said: "Isn't it true? Excellent film and television works cannot be broadcast frequently, which will lead to a decrease in the appeal to the audience. As a distributor, how can Warner consider the long-term interests of MGM? It will definitely continue again and again.

Play without interruption."

This is just a lack of respect for copyright.

There are also business complications!

Warner's TV station rents the MGM copyright from Warner's distributor... Damn! Can this price be too high? For a copyright with a market price of US$1 million, Warner Distribution Company may sell it to Warner's TV station for US$200,000.
To be continued...