Reborn in America, I'm serious about making money.
Chapter 180 Global Music
Sometimes, things change. Just as Zhang San was waiting for Siemens and Philips to agree to sell Pauligin, the Canadian liquor group, Seagrara, sent an acquisition team.
"We offered $110 billion, in cash, and after the due diligence is successful, we will pay the remaining balance immediately."
Zhang San hung up the phone, feeling that he had been so eager to get a girlfriend, but she hadn't even agreed within a month. Sigh, fate is cruel.
He forgot that one of the major events of that year was in 1998 when Sierra acquired Pauligin for $106 billion.
When Zhang San received the news again, it was a week later, in 1998, that the other party agreed to sell Pauligin for $110 billion.
Siemens and Philips believed that the future belonged to digital music, and that profits would not be as high as in the era of records. Their idea was correct, but also incorrect.
Zhang San acquired Baolijin for the purpose of acquiring another product.
After the deal was finalized, the news was naturally announced: Hong Kong's New Era Records acquired Pauling for US$110 billion.
$110 billion is roughly equivalent to the annual GDP of some small countries. Such a groundbreaking acquisition naturally shocked the world.
The massive $110 billion deal, like a lightning bolt piercing the sky, caused a global sensation. Media outlets from around the world reported on it like hungry tigers pouncing on their prey, and the news quickly spread to every corner of the globe.
The acquisition dominated media headlines, with reports flooding the media and sparking widespread discussion and speculation. What kind of company is this New Age Records? What's going on? Where did they get so much money?
Soon after, someone dug up some information: its parent company is North American New Era Holdings. Oh, that makes sense.
Recently, a bombshell announcement shocked the technology and music industries: a tech giant has spent $110 billion to acquire Paulikin Records.
This move was like a huge stone thrown into a calm lake, creating ripples and sparking widespread speculation among major media outlets, as well as people in the technology and music industries.
The sudden foray of this powerful tech giant into the music industry makes one wonder what its true strategic purpose is.
Are they trying to leverage the abundant resources and immense influence of record companies to expand their territory in the music market? Or are they hoping to reshape the current landscape of the entire music industry through innovative scientific and technological methods? Or are they trying to find a way to achieve deep integration with the music field, thereby opening up new business operation models and profit channels?
At this moment, industry experts and professional analysts could no longer contain their thoughts and began to express their opinions.
Some believe that this acquisition is significant for the tech giant, marking a crucial step towards diversification; the successful purchase of a record company can greatly promote the gradual digital transformation and upgrading of the music industry.
However, another group of people are worried that the involvement of tech giants could have a strong impact on the traditional music industry and lead to increasingly fierce and brutal competition within the industry.
Just as they were still pondering the reasons behind their actions, Global Records merged into Paul King Records, forming Global Music Group.
MCA's parent company is also a subsidiary of New Era Holdings, so integrating its resources is not a problem.
They thought this was the purpose of New Era Holdings' further study. Soon, another piece of news appeared in major newspapers and media around the world.
The launch of imusic made headlines on major global websites for a week, marking the official debut of online music to the world.
In addition to providing online music streaming, this website also offers a range of commercial activities such as online music sales, on-demand streaming, and GG (Google Play) operations.
The establishment of a music website is not surprising, and such websites do exist, but purely music-based ones are very rare. Other music websites generally do not have authorization; however, this website is different. All its content has obtained global music licenses, and the two parties have reached a series of commercial agreements.
Meanwhile, all music websites were sued by iMusic's operating company, iMusic. Within a week, all the music websites either went bankrupt or shut down.
This rapid and ruthless transformation of the entire online music website landscape overnight has revealed the operating logic behind New Era Holdings: it's a monopoly! A very strong monopolistic act, it's too obvious.
New Era Holdings has also come into the global spotlight. With companies such as NT-MS, Skoda, MCA, Global Music, and its subsidiaries Golden Globe Financial Group, Golden Orange Group, Lihua Group, and Stephen Trading, it can be said that they have direct or intricate connections, some of which people have not yet discovered.
However, the emergence of these companies has shocked the world.
This company has a market value of at least hundreds of billions of dollars. NT-MS, a company spanning systems and finance, already has a market value of three hundred billion dollars, and it is still growing.
Before the New Year in 1998, Zhang San returned to Hong Kong. His main purpose in Hong Kong this time was to complete the integration of Pauline Asia and establish a global music Asian branch with a wide distribution of subsidiaries, so that more singers could be signed and better music works could be developed.
And the Asian site of the imusic website, its purpose was to expand its influence. At this time, Hong Kong, facing the sudden Asian financial crisis, was hit hard and almost collapsed.
"A person's reputation is like a tree's shadow; are you still frightened by someone else's reputation?" Zhang San sighed, putting his arm around Zhou Huimin from behind.
Zhou Huimin never expected that Zhang San would actually buy Paulkin and form the world's number one record company.
The new Pauline issued an order in Asia to recall all records currently on sale, and announced that from now on, only limited-edition commemorative gold records would be released, with no more than 5,000 copies worldwide.
As a result, the record market shrank further, with the aim of shifting to online music and expanding the market with faster and simpler online music.
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