Hollywood starts with an agent

Chapter 283 Warner is torn apart

In Sun Valley, Aaron was playing golf with Charlie Munger of Berkshire Hathaway. Since Charlie Munger often stayed in Los Angeles, he had a deep understanding of Dawn!

"Is Shuguang also going to enter the television industry?"

Aaron nodded. "Hollywood's internationalization trend is becoming increasingly obvious. A globalized television strategy will bring huge benefits."

"Hollywood is the most important content provider in the global entertainment industry, and Suguang is one of the best in Hollywood. Now is the best time!"

The confidence in Aaron Anderson's tone was not concealed at all, which made Charlie Munger beside him deeply feel the sharpness of the young man in front of him.

Aaron then looked at the other person again and smiled. "Berkshire Hathaway's current share price is $16500 per share, right? Tianhai Fund bought 10000 shares recently!"

Berkshire Hathaway, with a total share capital of only about 140 million shares, has always been the company with the highest single-share price in the world;

Warren Buffett has always believed in pursuing long-term investment, and the investors of his company's stocks are of course mainly those who own them for a long time.

After all, Berkshire Hathaway is only worth $10,000 or $20,000 per share, so the circulation rate won’t be high!
Charlie Munger smiled and said, "Coca-Cola, a major investment target of Berkshire Hathaway, surpassed Walmart last year to become the consumer goods company with the highest market value, ranking fourth in the United States, with a market value of $4 billion."

"The development of Coca-Cola has greatly promoted Berkshire Hathaway!"

Aaron nodded. Coca-Cola has always been an important investment asset of Buffett. Warren Buffett and Herbert Allen are also shareholders and board members of Coca-Cola.

It is not difficult to understand why every time the old man Warren Buffett appears, there will be photos of him drinking Coca-Cola!

Among current American companies, General Electric became the company with the highest market value in the United States last year, surpassing Exxon Mobil, which had dominated the list for many years, and its current market value has reached 870 billion US dollars;
This year, AT&T surpassed Exxon Mobil to become the second largest company in the United States, with a market value of $780 billion. Exxon Mobil is now ranked third with a market value of $750 billion.

In the evening, Aaron and Christiana Yeri went to the resort bar to have fun, "Tomorrow, we will return to Los Angeles!"

Christiana Yeri nodded. "Have you finished your business?"

"It's no big deal," Aaron shook his head. He had already spent more than 1 million US dollars to buy Berkshire Hathaway shares, so that was enough!

"Okay, I'm going to the bathroom," Aaron kissed Christiana Yeri on the face, got up and left.

"Good evening, Aaron!"

On the way, Aaron Anderson met Gerald Levin, chairman of Time Warner.

"Good evening, Mr. Levin!" Aaron shook hands with the other party.

Gerard Levin smiled and patted Aaron on the shoulder. "The development of Dawn is really amazing. It seems that Hollywood will change in a few years.

"If there's a chance, maybe we can sit down and talk about cooperation!"

Aaron nodded. "Time Warner is currently the largest entertainment group. Dawn is definitely willing to cooperate." "I heard that Time Warner is planning to sell its shares in TBS Group, right?"

Gerard Levin looked at Aaron and said, "Oh, Shuguang is interested in TBS shares?"

Time Warner owns 21.9% of TBS Broadcasting Group, which is more than one-fifth. Because Time Warner's debt is now too large, Gerard Levin does have the idea of selling TBS shares!
"Who wouldn't have an idea for TBS, which owns CNN?"

However, the current price of TBS is not cheap, and one CNN is attractive enough.

Gerard Levin smiled and said, "With your Dawn's current valuation, I wouldn't be surprised if it could swallow up the entire TBS."

"Besides, it's just 21.9% of the shares I hold."

Aaron shook his head, "It's not that easy to eat TBS!"

First, there is Ted Turner, and secondly, the second largest shareholder, TCI Group, which is some television systems led by John Malone.

In particular, TCI Group owns almost 25% of TBS's shares, and John Malone has a considerable influence on TBS;
Since the merger between TCI and Bell Atlantic was halted, John Malone joined forces with some TCI shareholders to form Liberty Media!

Gerard Levin said casually: "Perhaps, you can nibble away at it slowly."

Time Warner is in a bad situation now. Gerard Levine is in urgent need of a large amount of cash. However, there are not many companies in Hollywood that can come up with a large amount of cash at one time and are interested in this part of TBS shares.
It is a recognized fact that Shuguang has a large amount of cash flow. You can tell by looking at the box office of Shuguang’s movies!

Aaron licked his tongue. Gerald Levine's suggestion was really heartwarming;

After all, it's not just Time Warner that's having a hard time right now. TBS also incurred a lot of debt from its previous acquisitions.

After Gerald Levine left, Aaron looked at his back and shook his head slightly. Time Warner's current debt scale has reached 150 billion US dollars, which is even more serious than Viacom, which just acquired Paramount.

Not only that, because Gerald Levine used some means to force NJ Nicholas away last year, and took advantage of Steve Ross's death to take power and purge the internal forces that did not belong to him!
Gerard Levine completely brought political disputes into the company, resulting in the leaders of various departments of Time Warner spending most of their time on various power struggles. The departments are fighting openly and secretly, and Time Warner can be said to be in a fragmented situation.

"TBS!"

The cable television network founded by Ted Turner really attracted Aaron. It not only owned CNN, TBS, and TNT, but also the MGM film library, Castle Rock, and New Line Film Assets.

TCI and Time Warner Group own more than half of TBS's shares, and the founder Ted Turner is also a very unique person!

The biggest gain Aaron gained from coming to Sun Valley was learning about Time Warner's attitude towards TBS shares.

After all, a 21.9% stake is enough to influence some of Ted Turner's decisions at TBS, and Shuguang's need for a TV station is also urgent.

If Aaron really wants to take action against TBS, then the first person he needs to deal with is Ted Turner. Whether the two can unite, or who is the leader and who is the follower, are issues that need to be considered;
Ted Turner was already known for his unscrupulous style, and Aaron didn't like things that were beyond his control.

(End of this chapter)