Ace Hollywood

The news about Daniel and China goes far beyond the establishment of DD China.

DD Films' entry into China and the establishment of a joint venture company is only a test of Hollywood movies, but it is not a big move in terms of the overall environment. However, Plutos Investment Company spent US$1.3 billion to acquire 15% of Tencent’s shares from Nasbe’s subsidiary, such as South Africa’s Nasbet. In addition, Plutos also invested in 40 million US dollars, cooperate with New to launch the Chinese version of MB, of course, Plutos does not have a controlling stake, and MB has extensive influence today, the Chinese government cannot allow an American company to control a Chinese social network, and, For Plutos, over-engagement in the closed Chinese internet will also come under fire in the U.S. market. Because some people think that this behavior is promoting China's control of the Internet.

This series of big and small actions in China are very eye-catching, and they happened intensively before and after Daniel became emperor again at Oscar.

Even Wall Street and Washington are inevitably disturbed by the trend of Hollywood.

The Wall Street Journal published an observational piece on the subject of Daniel's James Cameron two days after he finished gathering his information.

Daniel is a frequent visitor to the financial section. Whether he is publicly announced as the boss after MB and F2F, or DD Films acquired MGM, these things are big events in the financial world. As a result, he landed in the Wall Street Journal, and the headlines of newspapers such as the Financial Times are not new.

But this time it's different.

Instead of focusing on Daniel's China actions, the Wall Street Journal focused on work that Raymond had been doing for a long time.

Today, the question we are discussing comes from Daniel Sandler-yes, this is the financial section, not the entertainment section. We should not be surprised by this, Daniel has long been a big man in the business world. But this The recent actions of big figures are quite puzzling, and if we try to analyze them in depth, you will feel somewhat stunned.

the past month. Plutos has invested heavily in China's Internet, which is a closed world that is completely different from the United States, but Daniel seems to be unafraid. He spent billions of dollars to enter a Chinese Internet company-listed in Hong Kong Tencent. It has the most popular instant messaging tool in China, just like MSN in the United States, and Plutos has obtained 15% of the company's shares, almost the second largest shareholder, of course. He has no control over the company. In China, the founders of these companies always try to control the company. The same is true for Tencent's team. Basically, for Plutos, this may be able to be included in their global Internet In the industrial layout, it is not considered as a specific intervention in a certain industry. What they can get, or try to get, should be the return on investment as Tencent's stock price rises—if it is indeed what Daniel thinks.

besides. Daniel also invested in a Chinese Internet portal and jointly established a Chinese MB with them. It seems that he wanted to avoid moral pressure in the United States, so Daniel calmly gave up control in the new company. Of course, according to China's complicated legal provisions, foreign capital is not allowed to directly enter Internet service companies, so the cooperation between New Wave and Plutos is a complicated work that lasted for nearly 8 months, and the cooperation method is not direct capital injection. stake. But even so. Plutos' resignation is still surprising. If they wanted to, they could have done more. The NEW wave of listing on Nasdaq. Its largest shareholder is the BlackRock Group of the United States, of course, in terms of capital. Therefore, Plutos is not without ideas.

However, under the cover of this series of actions is the rapid shrinkage of Plutos in the markets of developed countries. According to the research of experts in this newspaper, this action by Plutos may have lasted for several months. Even as long as more than a year. Unlike previous large-scale investments in Internet companies such as LinkedIn, , , etc., Plutos has recently disposed of quite a lot of assets in various fields. As an investment company, Plutos has strong strength. In the field of the real economy, there are a lot of shots. The recent actions allowed them to withdraw a large amount of funds quickly, while at the same time, Plutos' loan-to-debt ratio remained at a high level.

To put it simply, Plutos is collecting money from his family, and then saving it without investing it, even paying the bank's loan interest rate for this - this is indeed an unusual decision for an investment company.

The maintenance of cash flow is either for large-scale acquisitions or to resist risks. As a non-listed company, Plutos did not disclose its purpose. However, judging from various sources, Plutos has no significant investment behavior in the near future, so it can be speculated that it should be the second reason.

The risk of default in the subprime mortgage market has recently attracted considerable attention. Lehman Brothers, Merrill Lynch, and Fanfang and Fanfang have all come under considerable pressure—but it seems that it has not been serious enough to require Plutos to take such drastic and costly measures. degree of action.

...

The Wall Street Journal report sheds light on work that Plutos has been keeping low-key.

The wind of the subprime mortgage crisis has blown, but not many people realize that it will develop into a global financial crisis.

The actions of Plutos are somewhat incomprehensible.

After this report, Plutos took a more drastic action. It transferred the shares of MB, its only listed company, to Blackstone Investment and BlackRock Group, thus transferring its controlling position in MB. Hand over to obtain nearly 4 billion US dollars - the sale of shares at a record high in MB, which has benefited Plutos a lot. It still owns 30 percent of MB, in line with its stakes in some other social media companies.

In addition to F2F's wholly-owned holdings, Plutos has completely positioned itself as an investment company rather than an operating company after this battle.

But this is not the focus of attention. The point is that after the funds are in place for this series of agreements before the end of this year, Plutos will gather tens of billions of dollars in cash flow——it will bring Plutos The burden is terrible.

What was Plutos thinking? Or, what was that young man who just won an Oscar thinking? (To be continued.)