Hollywood starts with an agent

Chapter 374 Great Again
"Phew," Aaron said, leaning back in his car seat in Hancock Park, Los Angeles, letting out a long sigh.

A moment later, Winona Ryder got up, leaned against the passenger seat, and took a few breaths. "You've already forgotten about the movie Dawn is going to release?"

Winona Ryder was referring to the book "Love Weaves Dreams".

Aaron smiled and glanced at Winona Ryder, whose clothes were disheveled and whose delicate face was already flushed.

He pulled the woman close to him, gently squeezing her chest. "This year and next, because of the acquisition of Universal, we'll be releasing more films."

"Forgetting one or two is perfectly normal!"

In particular, low-budget art works like "Love Weaves Dreams".

"Tsk tsk tsk, is it because these kinds of works don't have much commercial value that you're not very interested?"

Winona Ryder pursed her lips and reached out to stroke the man's chest. "Universal, it's unbelievable that you became the head of a major Hollywood media conglomerate at the age of 25!"

Aaron withdrew his hand and smoothed Winona Reed's short hair. "Alright, let's go back..."

In 1995, after Disney's acquisition of Metropolitan/ABC, Dawn's acquisition of MCA Universal, and Seagram's acquisition of MGM, another major deal was under negotiation.
That was Time Warner's acquisition of Turner Broadcasting Network (TBS).

Turner Broadcasting Network owns CNN, TNT, and cable television networks such as TBS, TCM, and Cartoon;

It also owns film studios such as New Line Cinema, Hanna-Barbera Animation, and Castle Rock Entertainment, as well as most of MGM's film copyright assets.

Time Warner Chairman Gerald Lewin originally intended to sell his 21.9% stake in Turner Broadcasting Network to alleviate Time Warner's financial crisis;
However, spurred by the acquisitions of television networks by media conglomerates such as Disney, Time Warner was determined to acquire Turner Broadcasting Network in order to maintain its position as the world's largest media conglomerate!
The three major shareholders of Turner Broadcasting Network are: founder Ted Turner, Liberty Media led by John Malone, and Time Warner Group.

Time Warner has three main business segments:

The entertainment sector comprises Warner Music, Warner Bros. Movies, Warner Bros. Television, DC Comics, and Warner Bros. Movie World theme park on the Gold Coast in Queensland, Australia.

The broadcast news publishing and print sector comprises magazines and newspapers such as Time and People, Warner Bros. Book Publishing, HBO, and WB television.

And, the communications sector comprised of the Times Cable TV operating network!

This time, Gerald Levine has set his sights on Turner Broadcasting Network, aiming to refine his plans for cable television networks and cable news services.

When Steve Ross merged WarnerMedia and Time Inc., Time Warner's golden age was created.

Gerald Levine used his influence to get rid of NJ Nicholas, and after Steve Ross's death, he finally took control of Time Warner. This time, he is determined to make Time Warner great again!

Finally, after more than half a year of negotiations and consultations, Time Warner acquired the remaining shares of Turner Broadcasting Network for $76 billion through a stock swap.
Ted Turner also acquired a 10% stake in Time Warner after the acquisition, becoming the largest individual shareholder of the Time Warner Group!
Moreover, although Ted Turner became a major shareholder of Time Warner, he did not compete with Gerald Levin for management control;
Instead, he simply served as the vice chairman of Time Warner and focused on his farm business, effectively withdrawing from the entertainment industry.

After Time Warner acquired Turner Broadcasting Network, it surpassed Disney to once again become the world's largest media group.
At the same time, Time Warner also owns CNN, the world's largest cable news network, which is the envy of many!

Burbank, Los Angeles.

To celebrate the acquisition of Turner Broadcasting Network, Time Warner hosted a grand ball at Warner Bros. Studios! Celebrities from the political, business, media, entertainment, and sports worlds gathered.

Gerald Levin is riding high; Time Warner's stock price has risen by more than 4% since its acquisition of Turner Broadcasting!

"Nicole, aren't you filming in Australia?"

At the lively ball, Aaron unexpectedly spotted Nicole Kidman.

“I received the invitation and flew all the way from Australia,” Nicole Kidman said, hugging Aaron.
"Besides, Dawning is going public soon. Didn't you give me some preferred stock subscription rights? I won't miss out."

Nicole Kidman is becoming more and more stunning, with her fair skin shining brightly!
Aaron nodded, put his arm around the woman's waist, looked at the scene, and smiled, "Hollywood is getting more and more interesting."

Nicole Kidman kissed Aaron on the cheek. "You're even more amazing. Dawn's reputation is quite intimidating now."

Aaron shook his head. "Dawn's advantage is mainly in content production. In terms of distribution channels, it can't compare to the other companies."

Time Warner now owns CNN, Disney owns ABC, and Viacom's cable television networks are equally formidable.
As for News Corporation, not to mention FOX, they have always had a significant voice in the newspaper industry.

Dawn, AMC, USA, and The Houston Post are the group's main channels!

Meanwhile, Frank Marcus, standing next to Edgar Bronfman Jr., suddenly suggested, "Time Warner acquired Turner Broadcasting Network, which means they took over most of MGM's film rights."

“Previously, Ted Turner relied on these copyrights to develop the television station. Now, we can contact Time Warner to buy back the film copyrights of our MGM.”

Ten years ago, Ted Turner acquired MGM from Kirk Kochrian, but sold it back the following year.

However, Ted Turner retained most of the film rights to MGM at the time, mainly including the film rights to most MGM films before 1986.

Edgar Bronfman Jr. glanced at Gerald Levine and Ted Turner not far away.

Now that Turner Broadcasting Network has Warner Bros.' copyright library, it seems that the MGM film library in its possession is no longer something that is not for sale?

Seagram is certainly not short of money right now, so he could definitely talk to Time Warner and possibly buy back MGM's film library.

Anyway, MGM is building its own international distribution network, so getting back the MGM film library would definitely be good news!

"Frank, get in touch with Time Warner as soon as possible."

Edgar Bronfman Jr. was indeed tempted by Frank Marcuso's offer.

“Understood,” Frank Marcuso nodded immediately…

(End of this chapter)