Hollywood Hunter

Chapter 329 Blockbuster goes public (repair)

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On the second day of the reception at the Leibold family, Janet began to approach the Blackstone Group about the acquisition of the shares of Blackstone Financial Management Company.

Busy, Thursday is coming soon.

Blockbuster chose to list on the Nasdaq exchange. Simon and Janet got up at seven and went straight to Midtown. Blockbuster chairman and CEO Wayne Huyzanga and Daenerys Entertainment were here. Amy and others on the side have already arrived.

Everyone hurriedly ate breakfast and came to the Nasdaq exchange floor on 42nd Street, which was already full of people.

In addition to the management of Daenerys and Blockbuster, big-name filmmakers such as Robert De Niro, Martin Scorsese, and Diane Keaton were also invited to help out today.

If other companies want to do this, an expensive appearance fee is definitely indispensable, and it is not necessarily available. For Daenerys Entertainment, it is only a matter of a few phone calls.

Because all the filmmakers who are resident in New York are invited, they don't even need to pay for tolls and the like.

Simon's presence this time also belongs to the nature of helping out.

After eight o'clock, Janet showed her face in front of the media, and the two temporarily hid in the lounge upstairs of the exchange to wait for the bell ringing ceremony.

Robert De Niro and others also arrived one after another.

Simon also met Catherine Bigelow, whom he hadn't seen in a while.

Catherine lived in New York most of the time after The Thunderbolt.

Simon could feel that the woman was clearly trying to distance herself from her relationship, and he didn't force it.

Catherine has always been the kind of very independent personality, it is impossible to become a vassal of someone, and Simon does not want Catherine to be his own vassal.

"It's a remake of an old 1962 film called Cape Fear, about a convicted criminal who exacts revenge on the judge and lawyer who sent him to prison. Spielberg started early Working on the script adaptation of this project, but it has never been shot, he recently asked Martin and I if they would be interested in taking over, Martin had seen the script written by Steven and thought it was terrible, so he was still hesitating."

in the lounge.

Simon and De Niro and others were sitting on the sofa chatting about recent affairs.

Martin Scorsese is already looking for his next new film while taking care of the later stages of "Goodfellas". De Niro is about to join the group and start shooting a biographical film "Silent Asking the Sky", which is expected to be released at the end of the year, which makes him This year still maintains two relatively high-yield big screen works.

The "Cape Fear" we are talking about can only be counted as next year's project.

"Cape Fear" in memory is very good at the box office, but since this is a Spielberg-led project, Simon is not going to intervene.

Of course, if "Cape Terror" is shot by Universal like the original time and space, and Simon can successfully win the mca this year, this movie will still be in his own hands.

Amy and James have been paying close attention to the trend of mca recently. Simon's plan is to wait for the establishment of Cersei Capital's M\u0026A business team to find a suitable time to formally launch a takeover offer to mca. Such a business can just help Cersei Capital's mergers and acquisitions. Business team opens the situation.

After chatting with De Niro and the others for a while, Simon got up and came to Janet and Catherine who were chatting beside him.

New York in January is the coldest time of the year. When entering the room, everyone took off their thick coats. Katherine was wearing a black turtleneck sweater, and was leaning against Janet, who was wearing a white sweater. Beside me, it is natural to have a little more sense of CP.

It was a three-seat sofa with Catherine next to the armrest and Janet sitting in the middle.

Seeing Simon coming, Janet, who was originally wrapped around Catherine, immediately moved to the other side and gave Simon the middle position.

Simon sat down politely and saw Catherine moved slightly to the side, so he deliberately leaned towards the woman. Naturally, he was thrown a blank eye.

Janet came over with a smile, leaned on Simon's shoulder and said to Catherine across the man: "Look, you're still such a bastard."

Simon pretended to be dissatisfied and said, "Should you avoid the client when you say that?"

Janet pouted, "I just want you to hear it."

Catherine smiled and watched the two quarrel, and said, "I saw you punching someone in Melbourne. Don't be like this again, you will be hurt."

Simon nodded and asked, "How is the preparation for your new film, do you need my help?"

Katherine's new film is called "Fright Point," which is roughly a cop film.

Simon has some impressions of this film, one of Keanu Reeves' early works, and the actor Patrick Swayze of "Ghosts", the film's surfing and skydiving action scenes are very classic, Although the anarchist views expressed are not popular with mainstream film critics, it has been very successful commercially and has a group of die-hard fans.

Until many years later, the Hollywood actress Megan Fox, who became famous with "Transformers", also named her son Bodhi after the character played by Patrick Swayze in "Fright Point". , the corresponding word in Chinese is 'Bodhi'.

Catherine heard Simon's nonchalant inquiry, looked at the little man beside him with a smile, and said, "Warner has officially set up the project, and Keanu and Patrick have also agreed to participate, and filming will probably start in the second half of the year."

Panic Point is expected to cost more than 2

$0 million, which is already a big deal for Catherine.

Hollywood's prejudice against female directors is deeply ingrained. Without Simon's help, Warners would not have agreed to invest so readily, and the original Keanu Reeves and Patrick Swayze would not necessarily agree to participate.

Catherine knew all this well.

Everyone chatted, the time soon came to 9:15, the staff came in to inform that the bell ringing ceremony was about to start, and everyone got up and left the lounge.

The exchange was already overcrowded.

Simon and others appeared on the stage, and the flashing lights in the hall immediately turned on frantically again.

After Wayne Huyzanga gave a speech, everyone gathered at the console and pressed the trading button together, and the bell ringing ceremony was completed.

Next is the inquiry phase before the opening.

Because of the strong subscription demand during the roadshow, Blockbuster’s issue price was finally determined at $17 compared to the underwriter’s initial proposed price of $13 to $15, and 15 million new shares were issued, raising $255 million.

255 million US dollars, which is enough for Blockbuster's capital needs for expansion in the next year. As a result, shareholders and management unanimously rejected the underwriter's proposal to increase the offering.

In the first round of inquiry, the quotation jumped directly to the range of 17.5 to 18.5 US dollars.

After completing their platform tasks, Simon and his party left temporarily. There will be a celebration reception at noon. Today's guests can decide whether to attend or not according to their own arrangements.

Simon must be attending the noon reception, but there are a few things to return to his Fifth Avenue apartment before that happens.

Katherine was about to leave, but she was pulled home by Janet.

There are already some people waiting here, staff from a genetic research institute in the UK.

Things are simple.

After collecting blood samples from both Simon and Janet, several staff members confirmed some things to Simon again, and hurriedly left and flew back to the UK.

Catherine watched all this, but felt at a loss.

Janet came to her ear and whispered a few words, and the woman understood.

Then, remembering that Simon and Janet were about to get married, there was still some sourness in my heart.

Inside the Nasdaq exchange floor.

After an hour-long three rounds of inquiries, Blockbuster's opening price was finally confirmed at $19.50.

Subsequently, the official trading began, and the stock price immediately broke through the $20 mark.

At the beginning of the celebration reception at noon, Blockbuster's share price has exceeded 23 US dollars, and the trading in the afternoon is still very active.

As of the end of the trading day on Thursday, Blockbuster’s share price was finally set at $26.5, compared with the issue price of $17, up 56% in one day, with a total market value of $2.199 billion.

Because of its participation in the subscription of this new share issuance, Daenerys Entertainment's shareholding in Blockbuster remains at 35%.

The two investments before and after, the company's total expenditure of about 210 million US dollars.

As of the close of the day, Daenerys Entertainment’s $210 million investment has grown to $770 million, with a return of more than 300% in just one year.

In fact, the reason why Blockbuster's stock price rose sharply on the first day of listing was mainly because Daenerys Entertainment achieved great success in this investment.

Daenerys Entertainment's huge book profits stimulated investors' enthusiasm for buying and the market sought after, which in turn made Daenerys Entertainment's investment more successful.

After the listing of new shares, the major shareholders and management of listed companies have to enter a silent period as usual.

However, this will not hinder the normal operation of Blockbuster.

On the second day of its listing, Blockbuster announced that it would acquire the Errol video tape chain company headquartered in Baltimore on the east coast. Several states on the coast, including New York and Washington, have 250 chains.

The purchase price finally reached by the two parties is US$40 million, in the form of cash and stock transactions, and Blockbuster will also assume Errol's debt.

The deal has been negotiating during Blockbuster's IPO, and the official announcement on the second day of the listing is a good thing.

After the transaction is completed, Blockbuster will have more than 1,500 chain stores. Although its market share is still less than 20%, it is also the largest video rental chain in North America.

The news of the acquisition of Errol was announced, and Blockbuster's share price rose slightly again on Friday, as expected, and closed above $28 on Friday.

After the successful completion of the IPO, Blockbuster will also open the expansion of overseas markets.

On the other hand, Blackstone Group received an offer from Cersei Capital for the acquisition of Blackstone Financial Management Company led by Lawrence Fink, and initially rejected it directly.

Although there are differences between Blackstone Group CEO Steve Schwarzman and Lawrence Fink, the performance of Blackstone Financial Management Company since its establishment has been very good, and Blackstone Group is reluctant to let go of this rapidly growing subsidiary company.

It was not until Lawrence Fink threatened to lead the entire team to leave, Schwarzman reluctantly compromised, but still openly quoted a price of 200 million US dollars.

Blackstone Financial Management's revenue last year was $33 million, and pretax net income attributable to shareholders was about $7 million.

Because of the debt crisis in the second half of last year,

Even most listed financial companies on Wall Street have a recent price-earnings ratio of only a dozen times. Blackstone Group’s offer of US$200 million to Blackstone Financial Management Company is equivalent to a price-earnings ratio of nearly 30 times, which is naturally impossible for Cersei Capital to accept.

After the Blockbuster affair, Janet stayed in New York to continue negotiating the acquisition with Blackstone Group and other departments of Cersei Capital preparations, while Simon returned to Los Angeles with Amy and others over the weekend.

On Daenerys Entertainment’s side, from January 12 to January 18, the box office of “Batman: Hour of War” still fell by 31%, collecting another $41.06 million. However, within four weeks of its release, the film's cumulative box office surged to $271.75 million.

At the same time, on January 19, Daenerys Entertainment's first release new film in 1990 was also officially released, called "I'm Going Home".

This is a film that Ella Deutschman bought from the Venice Film Festival last year. At that time, a total of three films were selected, and only this one was negotiated in the end.

"I'm Going Home", starring Gerard Depardieu, the famous French actor who has more than 10 Caesar Award nominations and awards, tells the story of an eccentric American cartoonist who leads his wife to Paris during a trip to Paris. Just like "A Fish Named Wanda" which made fun of the differences between British and American cultures, "I'm Going Home" ridicules the differences between British and French cultures.

However, since it was placed in January, Gaomen Pictures obviously did not have much expectations for the film's box office, and the number of screens opened was only 523, which was regarded as a work that filled the release schedule.

Daenerys Entertainment's recent announcement focuses on "Pretty Woman" in February.

The film's confirmed release date is February 9, the week of Valentine's Day.

Management was not too optimistic about the project, which was adapted from a dark drama about the love story of a call girl and a financier, but the final result of the film was very good. If it weren't for Daenerys Entertainment's movie release plan for the whole year of this year, it would even consider changing the schedule to a more popular schedule.

Speaking of which, Daenerys Entertainment has confirmed 12 movie releases in 1990. According to the release time, they are "I'm Going Home", "Pretty Woman", "Crazy Fat Treasure Variety Show", "Children in the Cornfield 2", "The Ghosts Are Over", "Teenage Mutant Ninja Turtles", "The Ghosts", "A Journey to the Family", "Angels at the Same Table with Me", "Dancing With Wolves", "Dancing With Wolves" Life Intersection and Home Alone.

In addition to this batch of films released by the company, there are also four works in the 10-film plan last year, namely "Sleeping with the Enemy" in cooperation with Fox, "The Hand That Shakes the Cradle" in cooperation with Disney, and cooperation with Universal Pictures. "10 Days of Dangerous Love" and "Pink League" in cooperation with Columbia Pictures.

A total of 16 films, which is comparable to the size of the releases in just the past year.

When Simon returned to Los Angeles this time, his main job was to sort out the sixteen films in various stages of production and distribution, and to confirm some projects in 1991 in advance.

According to the plan, Pixar will launch its first 3D animated film "Toy Story" at the end of 1991, and the last "Scream 3" of the "Scream" series is also scheduled for next year. In addition, Madonna Music documentaries and foreign cooperation films such as "The End of the World" and "Terminator 2".

It's just that these are clearly not enough.

Fortunately, with the continuous expansion of Daenerys Entertainment, the company, like other Hollywood studios, has a number of projects in the pipeline that can be set up at any time, and a large number of independent Hollywood producers are also looking forward to working with Daenerys. Entertainment cooperation, the projects in the hands of these people will be more abundant.

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