Reborn Tycoon Rise
Chapter 409 Disney in Dilemma
The group spent nearly an hour visiting the entire Disney headquarters. In addition to visiting various administrative departments inside the building, they also visited the animation image exhibition hall on the 17th floor. Alan Walker personally led the way and introduced various animations. history, past achievements, future development plans, etc...
Soon, everyone arrived at the conference room on the top floor of the building, and the crowd dispersed, leaving only a few top managers.
"Alan, what are you responsible for in the company now?" Xu Zhi asked with a smile as several people sat down in the conference room.
"I am mainly responsible for the film and television area." Alan Walker replied.
"Film and television business?"
"Yes, but in recent years, there has been no profit." Allen nodded awkwardly. During Disney's era, although the entire company also produced movies, they were all animation works. Until the 1970s, most of Disney's business The loss coincided with the global box office of Spielberg's Jaws reaching 470 million US dollars. At the same time, "Star Wars" also achieved great success. In order to find new profitable businesses, Disney also began to enter the science fiction thriller film business. It was inevitable has become a follower of liver tremor.
An animation company went to shoot a science fiction movie. If it succeeded, it would probably only appear in a novel. Disney invested 20 million US dollars in the science fiction movie "The Black Hole", but the box office results of this movie were only poor. $3.6 million.
After a huge loss, Disney still didn't learn its lesson. Subsequently, Disney made several movies, and none of them failed to make a loss.
After suffering, Disney changed its mind and began to invest in family-friendly movies. The themes were right, but the style was still stuck in the 1960s and was not accepted by the market. Even its original animated movie business did not do well at the box office. .
Xu Zhi said: "I have read several of the company's main business statements before coming here. The company's film business is indeed losing money. However, since Disney is a cultural company, we naturally cannot give up this business. After leading the company's financial review, I Additional funds will be injected for a new round of film shooting."
"Thank you, boss." Alan Walker said excitedly. Disney's several vice presidents are responsible for different businesses. Everyone is competing for the company's funds. After all, only with funds can their own business develop better.
Allen then asked: "So what kind of movie are we making?"
Xu Zhi said: "This meeting is a meeting for the entire company. The specific details of the film will be discussed separately at a separate meeting next time."
"Okay, got it." Alan Walker said.
Xu Zhi nodded and said to everyone: "Everyone, this is my first time to attend a meeting of Disney Company. At present, I am not familiar with Disney's business and operating conditions. If you have any questions or what can I do? Where it helps, you can speak out now.”
"Boss, Disneyland is the main flagship of our company's financial revenue. However, due to a long-term lack of funds, maintenance can hardly keep up with needs. I wonder when our park will receive funds for renovation and expansion?" One person The middle-aged man wearing gold-rimmed glasses asked. He was Cole Dynan, the director of Disneyland.
The current Disney Company, whether it is revenue or profit, mainly comes from the two Disney parks. Currently, 70% of the company's revenue is provided by the two parks, and other peripherals, film and television, and entertainment combined cannot compare. Any paradise.
However, success is also a failure. Because of the large number of tourists, huge complexes like Disneyland need to be renovated every few years. At the same time, new entertainment projects need to be added to attract tourists to come back for tourism and consumption.
The amount of this investment is naturally not small. Disney was short of funds in the past and has been in arrears for some time. Now that the new boss is here, this matter must be raised early.
Xu Zhi asked: "How much does it cost to renovate and expand?"
Cole Dynan said: "Walt Disney opened relatively late, so the equipment in the park is not too old. It only needs to add some facilities, which will cost almost 20 million US dollars.
California Disneyland has been in business for nearly 30 years. A large number of internal facilities need to be renovated, and many tourists have played the rides inside the park many times. Therefore, it needs to expand and add new entertainment venues. The company has already had new ones a long time ago. plan, but the cost is too high. This cost is almost 300 million US dollars. "
"So expensive!" Xu Zhi frowned.
Peter next to him said: "Boss, I have read Disney's internal documents. Disneyland is very large and can be a small city. Even if it is only partially renovated, the cost will be very high.
If it is expanded, it is almost equivalent to rebuilding half of the park, which can easily cost hundreds of millions of dollars. "
"Well, that's it, I will consider this matter carefully." Xu Zhi couldn't help but have a headache. The acquisition of Disney alone cost 2.4 billion US dollars, and the various consumption during the acquisition process reached another 100 million US dollars. At the same time, Now it still has to bear the liabilities of the original Disney Company of more than one billion US dollars.
Such a huge debt, even with Midea's money-making ability, will take several years to pay off.
At present, his best cash cows are Midea Company and Blackstone Fund. However, there are also large-scale merger and acquisition plans in Xiangjiang, and the funds on Midea Company's account cannot be used casually. A large amount of the Blackstone Fund's funds are high-quality stocks with very bright futures, and he will not sell these stocks unless he has to.
As for Evergrande, it does have a lot of assets, but they are all real estate. Now that the real estate market in Xiangjiang is in a downturn, it is impossible to have large amounts of extra funds.
Another one, Hutchison Whampoa, although it has made hundreds of millions of dollars by investing in General Electric, is itself a listed company. The controlling shareholder can use the listed company's money for selfish purposes, but it must be a normal investment in name. Hutchison Whampoa's money Lend it out to maintain Disneyland? It is obvious that there is no three hundred taels of silver here.
Therefore, the best way to find another few hundred million dollars to renovate and expand Disneyland is to borrow again.
However, Xu Zhi is unwilling to do this because Midea has already mortgaged it and wants to borrow hundreds of millions of dollars more, which means exposing the huge amount of stocks controlled by Blackstone Fund to a certain bank. This is something he is unwilling to expose for the time being.
In this world, there are only two investment methods that can quickly make big gains with a small amount, one is finance and the other is movies.
Obviously, if Disney wants to quickly obtain development funds, it must quickly produce a popular movie.
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