Top of the Great Era

Chapter 1377 Too feudal
The Spring Festival Gala is boring, but you have to watch it.

This has been a tradition for many years.

It's too boring to let the old man watch the Spring Festival Gala alone.Grandpa is very satisfied with the scene of full children and grandchildren and four generations living together.

There is only one thing that Zhou Buqi is not satisfied with. Grandpa's thinking is really too feudal!

Depend on!
very angry!
Ning Yaxian's daughter is called Ning Xinxin, she is not yet 5 years old this year, she is a cute and transparent little girl, anyone would love her.She was not born to Zhou Buqi, but like Nian Nian, she was treated as her own daughter and treated equally.

But the old man is different, she only hugs her own great-granddaughter, and is very indifferent to that girl who is not related by blood.

Zhou Buqi felt very helpless, he could only sit between Ning Yaxian and Ning Yameng during the Spring Festival Gala, and apologize to them.

Ning Yaxian is very virtuous, and said gracefully: "The old man is old, so he can understand."

Zhou Buqi sighed, "He is old and confused, and his mind is not clear. Don't be as knowledgeable as him. You see, my parents, Nan Nan, and Aunt Xue all like Nian Nian."

Ning Yaxian patted him with a smile, "Don't talk nonsense."

Zhou Buqi put his arms around her shoulders on the left and Ya Meng's waist on the right, gritted his teeth and said, "You two have to fight and give me a son. With a great-grandson, this old man's attitude will be fine."

"This kind of thing is not optional."

"In short, before he closes his eyes, let him see his great-grandson."

"What are you talking about?" Ning Yameng was taken aback, "The old man is in good health."

Zhou Buqi said: "What's so good, I almost died in the past two years. I have been recuperating in the capital for the past two years, and I have come back to life again."

The two sisters couldn't stand listening anymore, and they both covered his mouth.

What a jerk!
How can anyone talk like this when they are in the Chinese New Year?

Zhou Buqi laughed and said: "Tell me what's the matter, you two are quite superstitious. If this kind of thing can be said accurately, I will eat fast and recite Buddha's name every day, so I don't have the lingering poison of such feudal thinking."

Ning Yaxian said angrily: "Then you can't talk nonsense about the elders."

Ning Yameng whispered: "The weather in the capital is not very good, recuperating in the capital... Well, is this appropriate?"

Zhou Buqi nodded, "You are right."

Then, he went over and sat beside the old man.

"what's up?"

The old man watched the Spring Festival Gala intently, just like a ceremony.

Zhou Buqi asked: "Grandpa, the weather in the capital is not very good, how is the nursing home?"

"not so good."

"Do you want to go to the south to recuperate? Sanya, Gulangyu and so on."

"Don't go!"

The old man flatly refused.

Zhou Buqi could guess how much, and said with a smile: "It can be like this, you can talk to your old friends and see who is willing to go. There are as many people as you want, and I will pay all the expenses. Go to the south for recuperation in winter, and go to the south in summer. I’ll go back to the north when I’m done. Isn’t that how the senior cadres with the highest rank are arranged, and those old buddies around you seem to be not high enough.”

The old man didn't even look at him, he stared at the TV, and was silent for a while, "I'll ask later."

Zhou Buqi said with a smile: "It's okay to organize an overseas tour group, Europe, the United States or Australia, it's all fine, anyway, it's okay, just go out and have fun."

"Going abroad?"

The old man just shook his head, this is not a good idea.Those old guys in the nursing home are quite old, and it is risky to fly for a long time, and more importantly, they are all retired officials, so it is too inconvenient to go abroad.

At 8 o'clock in the evening, Wu Yu came back.

At 9 o'clock, Sun Guanran also came back happily.

The first thing is to ask Zhou Buqi for money.

It is said that my uncle mortgaged his house to speculate in stocks during the bull market, but now he is trapped, and the bank wants to take the house away.

"How much?"

"He owes more than 70 yuan. I told my mother to lend her 40 yuan and let her figure out the rest of the money."

"It's up to you to decide, um...you go and tell Shi Jinglin to get you money." To Zhou Buqi, this was a trivial matter, and he didn't care about money, so he said earnestly, "Wanwan, Things that money can solve are not problems. However, you have to remember that money is a double-edged sword, which is harmful to others and your own lethality. You should spend money to solve problems for your family, but you must grasp the scale. Pay the money because you care about the family relationship, don't destroy the family relationship because of the money problem, and go to the complete opposite side."

Sun Guanran nodded like a chicken pecking rice, "I know, I will be cautious."

"How much money do you make every month now?"

"All together, more than 6 yuan, all of which you gave me."

"Is it enough?"

"Enough!" Sun Guanran blinked his eyes a few times, "I can't spend it all, I've saved it all, the Longines watch I bought for you last time was the money I saved. By the way, I have to call back, Otherwise, I won’t be in a hurry to come back.”

"what phone?"

"Sun Zhengyi's."

……

Watch the Spring Festival Gala and make dumplings.

Many women are from the south, so they are very uncomfortable.Miss Shi Jinglin, in particular, was a little helpless. It was her first time to come to Zhou's house for the New Year, and it was impossible for her to make dumplings.

Zhou Buqi didn't want her to be too embarrassed, so he took her upstairs to the study together.

Sun Zhengyi is in the United States, and now is the right time to call back.

"Is it about EMI?"

"Relevant."

"Tell me."

Masayoshi Son said excitedly: "I have done detailed research, and I think that in the next few years, the entertainment industry will have a blowout development."

Zhou Buqi said with a smile: "You finally figured it out! I have also asked many inquiries from EMI, and it is indeed a very good opportunity to start now."

"I'm not talking about EMI."

"Ok?"

"Comcast is buying NBCUniversal."

"Well, I know, I am a member of the M&A Advisory Committee." Zhou Buqi was a little helpless, "NBC Universal's major shareholder is General Electric, which holds 80% of the shares, and then Vivendi holds 20% of the shares. This M&A , Vivendi will completely withdraw from NBC Universal, and it can earn at least 50 billion US dollars. Therefore, Vivendi is not short of money, and they are preparing to sell NBC Universal. This means that it is impossible for us to acquire Universal Music. "

"I'm not talking about Universal Music, or even the music industry," Son said.

"Ah?" Zhou Buqi was taken aback, "What is that? You don't want to participate in the case of NBC Universal, do you?"

Sun Zhengyi said: "As far as I know, Comcast is unable to take all the shares of NBC Universal, at most it can take 51% and get a controlling stake."

Zhou Buqi said with a headache: "That can't participate, I don't have a controlling interest..."

If this reason is not valid, stop immediately.

Zhou Buqi is interested in investing in the entertainment industry, not because he thinks the entertainment industry has a good growth potential.No matter how good the growth is, can it be better than Apple?Is it okay to have money to buy Apple stock?
Investing in the entertainment industry is to gain control!
for the derived power.

This is similar to the logic of investing in football.

However, what Softbank invests in is the growth of wealth. They are financial investments, and they don't care about control at all.This reason is impossible to convince the other party.

Zhou Buqi turned and said: "If it is Universal Pictures, then I will definitely support it. But NBC Universal's main asset is NBC Television Network. Television is a sunset industry, and this thing has no long-term investment value. If NBC Universal can split , which would be best, but you know it's impossible. There's no prospect of investment in this case."

Sun Zhengyi smiled, "I will not invest in TV stations. There are natural contradictions between TV stations and the Internet."

Zhou Buqi breathed a sigh of relief, "Thank God, you are not confused."

Sun Zhengyi said, "How about MGM?"

"what?"

"The status quo of MGM is similar to that of EMI. In 05, Sony led a consortium and launched a leveraged buyout of MGM. Now the debt is too heavy to pay off, and it is about to go bankrupt."

"I know this. It's too complicated to do."

Zhou Buqi can be regarded as half of the Hollywood circle, he knows some inside information, this is a capital game exclusively for Hollywood to entrap Wall Street.

In other words, is there any way to complete the acquisition of a $1 billion company with a cost of $50 million?

There are many ways.

If it is in China, you can find out the original sin of the founder's family of this company, if you say you have it, you must have it, and then you will be arrested and sentenced, and the company will be confiscated.After the confiscation, the enterprise will conduct asset appraisal. A well-decorated high-end apartment is appraised at 70 yuan per square meter, and a house is only worth 7000 yuan.Through an "open" auction, $1 million can be used to receive $50 billion in assets.

The United States is playing a capital game, mainly the notorious leveraged buyout.

With a principal of 1 million US dollars, you can take the lead in organizing a consortium, and then find some capital institutions to cooperate to jointly raise 10 billion US dollars and establish a holding company.Then use the US$10 billion as the principal, with future corporate assets as collateral, borrow US$40 billion from capital institutions, and raise a total of US$50 billion to complete the acquisition.

After the acquisition is completed, the company will be burdened with a huge debt of 40 billion US dollars.

The controlling party only paid 1 million U.S. dollars, holding 10% of the shares, and controlled a large company with 50 billion U.S. dollars.The next thing is to adjust the business, split, sell, reorganize, start a wave of sales, pay back the money first, and then seize the main business to make money.

Sony Pictures is a Hollywood giant, and it is even more ruthless.

In the matter of MGM, it seems that Sony invested 50 billion US dollars to acquire MGM. Now MGM is on the verge of bankruptcy, and Sony Pictures will vomit blood at a loss.

In fact, Sony Pictures is playing the trick of organizing a consortium leveraged buyout. They don't care about MGM's financial growth at all. What they pursue is to get control of MGM.

With control, you are the maker of the rules and referees, and it is too easy to make money.

"007" is the core property of MGM. The first "007" will be made. The producer is MGM, and the distributor is Sony Pictures.Then, a miracle happened.

Only through the release of "007", Sony Pictures invested in MGM and paid back its capital.

All subsequent operations are profits.

It doesn't matter how much debt MGM has and whether it will go bankrupt.Anyway, MGM's movies will be distributed by Sony Pictures, which is a guaranteed profit.

Therefore, the two companies, MGM and EMI, look the same, but they are not the same at all.

MGM is a production company, only responsible for the production of films, there is no distribution company, it must be handed over to a third party for distribution, and there is no channel of its own.EMI Records has a complete music production company and distribution company, and its lifeline is in its own hands.

Sun Zhengyi has just conducted research on the entertainment industry, and he doesn't quite understand it yet.

Zhou Buqi explained to him the twists and turns, "Internet is the king of content, but the entertainment industry is a traditional industry. In traditional industries, channels are king. Whether it is movies or music, only by mastering the distribution rights can we have independent Right. MGM has been castrated. Of course, even if it is castrated, it is still worth investing in. MGM’s "007", "Tom and Jerry" and "Lord of the Rings" are all the highest quality copyrights. The combination does not require a distribution company. But in comparison, the business of EMI Records is more complete."

"Okay, let's talk about it later."

Masayoshi Son is a man who does great things.

He recently spent more than $200 billion to acquire an American telecommunications giant.From his point of view, since he wants to invest in the entertainment industry, a mere EMI record cannot satisfy his appetite.Now that we have done it, we must do a big business with a big "vision".

It's a pity that Hollywood has been in business for a hundred years, and it is more complicated than imagined.

Neither NBCUniversal nor MGM are good investments.

After the call was over, Shi Jinglin was puzzled, "Isn't Sun Zhengyi Japanese?"

Zhou Buqi said: "To be precise, it is Japanese-American."

"Why do you have to cooperate with him?"

"There is a foundation of trust. He trusts me, and I trust him. More importantly, he does things neatly and quickly. If he cooperates with other capitalists, just wait! A small billion-dollar For business, if you don’t carefully research for two or three years, and negotiate for two or three years, don’t even think about it!”

"Um……"

Shi Jinglin hesitated to speak.

Zhou Buqi smiled and put his arms around her shoulders, "Just tell me if you have any doubts, and I will give you some advice!"

Shi Jinglin blinked her eyes a few times, "Today is New Year's Eve."

"Ah."

"Where do you live?"

"With Ning Lu, it's all agreed."

"She...she isn't...she is a girl with yellow flowers, right?"

"Yes." Zhou Buqi sighed, "I can't help it, you are all too superstitious and feudal, and I can only follow the trend. The new year is a new atmosphere, break your place on New Year's Eve, and you will have good luck in the new year. "

Shi Jinglin twitched the corners of her mouth, "It sounds familiar to me! It seems that someone told me that you believe it the most."

"Have you? Did you hear it wrong?"

"I am coming too!"

Shi Jinglin was eager to try.

"Huh?" Zhou Buqi frowned, "Isn't it good?"

Shi Jinglin said eloquently: "I also have troubles that have not been resolved. I can't even interfere with the mineral water business of Yuanwei Group. I will go too, and I want good luck."

"You don't mind being bloody."

"Don't dislike it, it's exciting."

"Depend on!"

"Is it okay?"

"up to you!"

(End of this chapter)