Chapter 264
"Hahaha," Jackson laughed louder this time, "I also hope that the acquisition will fail, but it seems that the possibility of success is very high. Comcast is already tempted."

Comcast is the parent company of Universal Pictures. It is a provider of cable TV and Internet services in the United States. It ranks around [-] on the world's top [-] list all the year round. What's the difference, and it's been ten years since it bought Universal from General Electric, and it's about to sell now?
Li Che instinctively didn't believe it, but it's not very likely that Jackson would joke about this kind of thing.

"Comcast out of Universal entirely?"

Li Che became a little interested. Although he can't get involved in this kind of thing, it's still interesting to gossip, and it may have a big impact on Qicheng's development strategy.

After all, when Comcast bought Universal ten years ago, it cost 51 billion US dollars for 160% of the shares. Ten years later, if Penguin wanted to buy it again, it would cost an astronomical figure.

For reference, Disney spent US$700 billion to acquire Fox’s entertainment assets the year before last. Fox’s market share was around 9%, while Universal Pictures’ market share was around 13%. If Penguin Entertainment wanted to fully control Universal Pictures, it would cost It should be about the same number.

Although there is no problem with Penguin Entertainment spending this money.

Because the market value of Penguin Music is more than 500 billion U.S. dollars, and the market value of the parent company Penguin Network is in the trillion U.S. dollars, and it is not only when you have enough money that you can acquire it. There are many successful cases of Snake Tunxiang.

"At least in the future at Universal, Penguin has the final say."

Jackson talked less and less.

So Comcast will not completely withdraw, and Penguin will relatively hold Universal Pictures and become its largest shareholder?
In an ideal situation, after the acquisition is successful, it will be like that.

But in fact, it took three years for Disney to acquire Fox, and companies outside the United States will face even greater resistance to acquiring Universal Pictures. Executive order fell short.

"Hollywood will be even more exciting after that."

Li Che said with emotion.

"Who said it wasn't?" Jackson looked into the distance, his voice began to calm down, "Comcast wants to focus on the streaming platform, and Universal is relatively less important."

There was a hint of disappointment in Jackson's words.

The few years when Comcast first acquired Universal were also the years when Universal’s performance was the best. It cannot be said that it has completely declined now, but the current development situation has certainly not met Comcast’s expectations.

Throw part of the shares in Universal Pictures to Penguin Entertainment, get the cash flow and burn it to the new streaming media platform, and Universal Pictures will only serve as the content provider of Comcast's streaming media platform.

Destiny is never in your own hands.

Li Che also remained silent and did not speak any more.

According to Wei Chu's previous introduction, Jackson has been in Universal Pictures since he first started working. Decades of work experience have given him a deep affection for the company. However, he is about to struggle to the top and is finally ready to take charge of the company. At the time of destiny, we are faced with an unpredictable future.

"However, I believe it is still possible for us to cooperate again." Jackson was silent for a while, then laughed again, "If the acquisition can really succeed, the Chinese market will definitely be the focus of our work, and I have begun to really set my sights there. , Wow, I can't ignore your existence at all! If you had achieved the same results in China and in the United States at Universal, the current Universal would definitely have left them behind. I value you very much!"

"thanks?"

Li Che's attitude towards him was still somewhat inexplicable.

"If you can be as successful in Hollywood in the future."

Jackson added with a smile.

"It shouldn't be a problem."

Li Che said in a joking tone.

That's right, it's easier for everyone to bullshit each other.

After a while, when Jackson left temporarily, Li Che found Wei Chu and told him about the conversation just now.

"Is the penguin offering a tribute to the motherland's foreign cultural policy?"

Wei Chu laughed.

If Penguin Entertainment can really acquire Universal Pictures, it must be a landmark event in the development of China's entertainment industry.

Li Che was rather surprised that Wei Chu was not informed of the acquisition by Jackson first.

"Your old boss looked worried and broke the news to me first."

Li Che mentioned it.

"Oh, maybe the acquisition intention happened just a few days ago. After I returned to the United States, I haven't had a good chat with him, and...he, like me, is a person who values ​​content creators very much. You have a natural liking, and it's normal to chat with you casually."

Wei Chu brags and brags about Li Che indiscriminately.

This sounds very comfortable.

"If the acquisition is really successful, Huajing's development focus will begin to shift to the United States."

Li Che asked.

Due to the relationship between Jingwei, the TV series produced by Huajing basically cooperate with Penguin Video.

"Well...it's not that simple. At least I have to find content for Huajing that may be successful internationally. The transformation and upgrading of production in the past two years is almost the same. The next step is not easy at all. After all, I also was a loser in this market.”

Wei Chu's attitude is very calm.

"Maybe, I'll try it out first?"

Li Che smiled.

Wei Chu nodded after laughing.

"If only you were in Huajing all the time."

Wei Chu has said this sentence many times, but this is the one with the calmest tone.

Now he seems to have planned everything in his heart long ago, only looking forward, everything is proceeding according to his expectations.

"You will succeed."

Wei Chu added.

"Thanks. Hope so."

However, considering that Li Che will start "Ghost Blowing the Lantern" first in the second half of the year, the real attempt will not be until the end of the year.

"Speaking of which, Penguin's recent actions are really big." Wei Chu raised the topic again, "You have heard the rumors about the complete restructuring of the domestic TV station system, and it will officially start in the middle of this year. They have seized the opportunity in the competition from other companies and obtained the license. They will first receive and integrate several provincial radio systems as a pilot. The plan they submitted is said to be the most operable, and it is hard to say what it will look like when it is finally implemented. But what is certain is that they must have paid a lot of money."

In fact, the restructuring of domestic TV stations has been going on, from the separation of production and broadcasting to the transfer of business to enterprises, but the core problem is that the current social development status does not need so many channels, but so many people still rely on channels for food. The channels eliminated by the market are full of advertisements such as fake medicines and illegal health care products.

For a complete restructuring, the first thing to solve is the food problem of those people. Penguin won the TV license, in fact, it is to solve the food problem in exchange, which is much more difficult than simply paying for it.

(End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like