Heads Up Hollywood Chapter 364

Published at 24th of July 2023 09:04:15 AM

Dunn's face changed suddenly, and naturally he couldn't escape Jack Welch's eyes. He asked with a smile, "Afraid?"

"Tang En Pictures has a lot of industrial sectors, but its foundation is very shallow. Once it is suppressed by the giants, I am afraid..."

Dunn shook his head, looking ugly.

Jack Welch nodded, "So, your business strategy and development philosophy are seriously wrong."

"what?"

Tang En opened his mouth wide and was very surprised.

He knows that he is not a professional, so the management of the company is left to professionals. Then take advantage of foresight and take charge of strategic development.

Unexpectedly, as soon as Jack Welch opened his mouth, he poured a spoonful of cold water on him.

Concept is wrong!

This is definitely a big hat.

"No... No way?" Dunn looked in disbelief.

It is true that Jack Welch is a famous manager, and it is no exaggeration to say that he is the number one in the world, but his past involvement was in the manufacturing industry, here is Hollywood, and it is the entertainment industry, which is completely different!

Jack Welch seemed to see Dunn's thoughts, shook his head, and said lightly: "I don't know much about Hollywood, it's a fact. However, business is business, and there are common management concepts and business strategies. Dunn , you're a great director, but you don't understand business."

Dunn frowned.

Jack Welch ignored Dunn's face and said: "In an oligopolistic market, there are only two ways to break the balance, one is to directly acquire the oligarchic company, and the other is to create a company before many oligarchs can react. A new oligarch!"

Tang En thoughtfully, nodded, and quickly shook his head, "This is impossible, Hollywood is different, even if I have enough money, not enough contacts, status and influence, I want to acquire an oligarchic company like Universal Pictures, Totally impossible."

Jack Welch shook his head and said, "What you're talking about is only superficial. The real thing is hard power. Of course, this is not important. If the acquisition is not successful, there is a second option."

Dunn laughed suddenly, "Mr. Welch, aren't you saying that Dunn Pictures is developing too slowly?"

Jack Welch looked serious and didn't mean to joke at all. "Isn't it?"

Tang En did not expect to be questioned like this, and said lightly: "Tang En Films was founded in 1997, and it has been less than 4 years since its asset evaluation has exceeded 2.5 billion US dollars. Is this development speed considered slow?"

Even DreamWorks, founded by the Big Three, has grown for seven years with the investment of Microsoft's major shareholder, Paul Allen, but it's not that bad.

Dunn Pictures is definitely a pride to write about!

Jack Welch laughed and shook his head frequently, "In terms of your ambition, this speed is indeed slow!"

Dunn respected Jack Welch very much, but at this time, he was also a little angry, "Then may I ask Mr. Welch, why is it not slow? Throughout Hollywood, there is a film company, and there will be a development like Dunn Pictures. speed?"

Jack Welch stared at him, squinting. "Your ambitions...just Hollywood?"

"This……"

Dunn was at a loss for words.

The Hollywood circle, to put it bluntly, is the entertainment circle, while games, publishing, news, interactive communication, and even a large part of the TV industry belong to the media field, but not Hollywood.

Jack Welch said earnestly: "Young people, the times are changing rapidly, I believe you can understand it. All walks of life are concentrating resources, and the Matthew effect is becoming more and more obvious. You are very capable and have enough wealth. If I were in your position, I would definitely be able to make the industry bigger!"

"Oh? Can you give an example?" Dunn was a little humbly.

Jack Welch smiled, "I don't know much about the situation in Hollywood. You said that you can't acquire Universal Pictures, you need contacts and influence, then you will reject this plan for the time being. You can find a new way out, such as... General Electric NBC Broadcasting Company."

"nbc?"

Tang En raised his eyebrows. As the three major public television networks in the United States, nbc is definitely an oligarch in the television field, with a market share of nearly 30%!

Jack Welch said: "At that time, I advocated for the acquisition of nbc, in fact, to better advertise GE's products and do TV sales. But times have changed, media resources have begun to integrate, and Disney, Times have appeared one after another. Warners, Viacom and other giants, NBC is affiliated with General Electric, and they are becoming more and more tasteless."

Dunn nodded.

nbc's market share has been declining in recent years, and in addition to its biggest competitors cbs and abc, there is also the emerging fox network.

In terms of resources in the television field, GE is obviously not as good as these media giants, and cannot give more support to nbc television.

"So a few years ago, I was interested in selling nbc broadcast and television. Because of the antitrust provisions, Disney with abc, news corporation with fox, time warner with tnt, Viacom with cbs, all of them. There is no way to complete the merger with nbc."

Speaking of which, Jack Welch looked at Dunn deeply, "This is the choice of the times, and it is also your chance!"

Dunn's eyes widened, "Mr. Welch, are you kidding me? NBC Broadcasting and Television Company, even if it has been bad in the past two years, it has a lot of assets, strong strength, and its value... It's worth 15 billion US dollars. ? You think I can eat it?"

Jack Welch laughed angrily, "Dawn, capital mergers and acquisitions, do you understand?"

Tang En frowned and said: "Even if my money is not invested in the stock market, and I use Tang En Films as collateral, I can raise at most 5 billion US dollars to merge with the nbc group? Can I take 25% of the shares? This is impossible! "

"Holding company! You can win over funds from Wall Street and set up an upper-level company to consolidate Dunn Pictures with $5 billion in assets. You hold 51% of the shares, and Wall Street's funds account for 49%, so that the funds you have in your hands will reach 50%. $10 billion. If you are not satisfied with this share, you can set up another layer of holding company, or set up a different voting rights structure. There are so many ways to control the company.”

Jack Welch's words made Dunn pouted.

This is the easiest way to control the company, of course Dunn knows it, but... This is equivalent to giving Wall Street a profit!

Dunn hates sending money the most!

He worked hard to make movies and started a company to make money, but he ended up cheapening a group of vampires on Wall Street. Maybe it was a conceptual problem, and he couldn't accept it.

Dunn shook his head, "I don't like this method. Dunn Pictures has unlimited potential, and it is impossible for me to obtain financing at the current valuation."

Jack Welch, who is a pure businessman, obviously didn't understand and frowned, "This is the fastest way for you to succeed! Once Dunn Pictures and nbc broadcast and television companies have completed the merger, relying on this new platform, whether Viacom Mu, or Disney, you don't have to be afraid."

Tang En said lightly: "To put it conservatively, as long as the industry that Tang En Films is involved in now develops, the future value... will not be less than 50 billion US dollars! But if the shares are sold in a large amount now, even if the company goes public in the future, How much wealth can I have? Mr. Welch, you are right, I am very ambitious!"

Jack Welch was silent for a long time and sighed, "Young people, it is a good thing for entrepreneurs to value shares, but it is also a bad thing. You must know that the process of starting a business is a race against time. The more resources and funds in the initial stage, the more You'll be faster."

Dunn shook his head and said firmly: "I'm not short of money, and in Hollywood, I also have enough resources. Based on Hollywood's development, I have confidence!"

Jack Welch said helplessly: "I said that if you can't quickly rise to become a new oligarch before the monopoly oligarch realizes, you will only be divided up by the oligarch. Your plan is very good, but this is a dull knife to cut flesh, The longer the time, the more painful it is, it is better to cut the mess with a quick knife."

Dunn smiled and said: "Mr. Welch, I agree with what you said. In fact, in my shallow understanding of business, it is exactly what you said. But... I am Dunn Walker, right? Dunn Pictures is not a Hollywood oligarch, and it has already aroused the vigilance of Hollywood, but I can still survive very beautifully~www.novelhall.com~ Right?"

Jack Welch is a layman in the end, he doesn't know the inside story of Hollywood, and he doesn't know about "plattery investment".

Even DreamWorks has been suppressed and is about to go bankrupt, and Tang En Films, which has a stronger momentum... But it is getting more and more popular. "Unsinkable", which is released this year, will undoubtedly sweep the whole summer season again.

"Movies...you're a professional, and I can't say much about that." Jack Welch paused and said thoughtfully, "But TV is different, especially professional cable TV stations. This is not the domain of Hollywood!"

Indeed, the distance between professional cable TV stations and Hollywood is very long, hbo is headquartered in New York, sta is headquartered in Denver, and sho is headquartered in New York.

In terms of Hollywood, in addition to providing some content, the specific operations and related contacts are different from Hollywood.

Jack Welch's words really speak to Dunn's heart, Redstone behind the sho has always been a big hidden danger!

"sta TV network... I believe in Mr. Redstone's mind and pattern."

Dunn said this sentence, even he did not believe it.

Jack Welch laughed when he heard it, "Dawn, I have been in charge of General Electric for 20 years, and I have summed up one of the most important lessons - take the initiative into your own hands! Summer Redstone... Did you know him? When he was 58 years old, he experienced a fire and was almost burned to death. After that, his career went out of control, and it took 15 years to create a world-class media Group Viacom. Can you read his mind? At least I can't."

Tang En squinted his eyes and gritted his teeth, "Everyone has weaknesses, aging and slowness are his biggest weaknesses! Humph! I can deal with him!"

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Chapter end