Hollywood Hunter

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In upstate New York, on the estate outside Greenwich City.

The time is January 7th.

The new year has passed, officially entering 1993.

Just the day before yesterday, Time Warner Group officially confirmed the new management through the extraordinary general meeting of shareholders. Gerald Levin succeeded Steve Ross as the new chairman of Time Warner Group. Steve Ross's two The direct descendants, Robert Daly and Terry Semel, serve as joint CEOs of Time Warner Inc.

Although the official management has been confirmed on the surface, in fact, this power arrangement after mutual compromise still leaves Time Warner Group's internal hills full of scattered sand.

Nominally the leader, but Gerald Levin can only control the business that originally belonged to the Times Company system. The two joint CEOs still firmly control the various companies in Warner Bros.

The Wall Street Journal published an article commenting on the company's "synergies" the day after Time Warner's new management was confirmed.

The key to the merger of Time Inc. and Warner Bros. was that the management of the two companies vigorously advocated the 'synergy effect' of the company, claiming that once the merger was completed, Time Warner would greatly enhance the business through cooperation in film, television, magazines and other fields. Competitiveness of the company and overall revenue.

However, the fact is that, in the three years since the merger in early 1990, the synergy effect that shareholders hoped to see has not emerged. Time Warner is still in a mess, and there is even a mutual dispute between hbo and Warner Bros. Pictures regarding the TV broadcasting rights of the film. In a situation of tit-for-tat dismantling, the management replacement this time is also turbulent.

Not only that, but the entire Time Warner has not been able to get out of the heavy debt quagmire because of the original merger.

All in all, in the opinion of The Wall Street Journal, the original merger was a complete failure, and it only satisfied the personal ambition of Time Warner management to blindly expand the scale of the company.

In the face of the criticism of the "Wall Street Journal", Time Warner officially refuted it publicly for the first time, but failed to prevent the company's stock price from falling further.

At the beginning of the new year, Simon still stays in New York these days because of various things.

Watching the Wall Street Journal's sudden criticism of Time Warner, Simon found that this small public opinion turmoil will have another important impact on Warner.

In several contacts at the end of last year, Terry Semel revealed to Simon that he hopes to further expand the diversity of Warner Bros. Pictures in the production field.

In fact, it is to imitate the operation mode of the three brands of Daenerys Entertainment, and get involved in the genres of horror literature and art that New World Pictures and Gaomen Pictures are good at.

For Warner Bros., the easiest way to do this is undoubtedly an acquisition.

The management of the group has been replaced. Even if the power has not changed much, the new executives need to make some achievements, even if it is a face project, to show the new look of the newcomers.

The original timeline happened to be in 1993, when Time Warner acquired the thriving New Line Pictures, and in the following years, it won the "Rush Hour" series, "The Lord of the Rings" series and other super blockbusters. The sub-label even caught up with the main label for a while.

This time, because of the rise of Daenerys Entertainment, New Line Pictures lost its first domestic box office hit series "Teenage Mutant Ninja Turtles", and was forced by New World Pictures in the field of horror and horror that it is good at. The strength is far less conspicuous than the original time and space.

Compared with the original timeline, which had to sell itself to Time Warner, which monopolized the distribution channels of Hollywood movies, in order to further expand, the new line now seeks buyers mainly to survive.

Therefore, the appeal of this second-tier label is not as great as the original time and space. In addition, the "Wall Street Journal" accused the Time Warner Group's last merger as a blind expansion article. In order to avoid more criticism, the acquisition of New Line or other The plans of second- and third-tier film companies to increase the diversity of production will surely only be put on hold.

Without a successor, New Line Pictures, which has been in trouble due to excessive expansion in the past two years, is likely to go bankrupt this year.

Affected by the success of the three brands of Daenerys Entertainment in parallel, other Hollywood studios have more or less followed suit. Simon cannot stop this. However, suppressing a troubled second-tier film company is very important for the current Dan For Neris Entertainment, it was easy.

Whether it is New Line or Miramax, or even Orion Films, which is still struggling to maintain, under Simon's watchful eye, these companies basically have no hope of getting projects that may sell well.

In recent years, "Silence of the Lambs", "The Crying Game", "Teenage Mutant Ninja Turtles", etc., should all belong to these companies, but all of them were successfully cut off by Simon, and they used New World Pictures and Gaomenying in advance. The two major brands in the industry occupy the niche film field that mainstream studios would not care about in the past.

The fate of the new line is destined to change, and Simon has also settled on another company in recent days.

Miramax.

Hollywood's second- and third-tier film companies, like Daenerys Entertainment's early days, largely rely on bank loans to maintain operations.

Over the years, the bank that has funded Miramax has also made a name for itself on Wall Street, Chase Manhattan Bank. In memory the bank merged with Morgan Bank around 2000.

Of course, it's just the Hollywood-oriented film investment arm of Chase Manhattan.

The Weinstein Brothers

After years of running Miramax with twists and turns, he owed Chase Manhattan Bank about $15 million in debt.

$15 million is not worth mentioning at all for Daenerys Entertainment, but it is a huge sum of money for a small studio-style film company that can only pick up and release some low-cost literary films.

Moreover, according to the investigation, in addition to Chase Manhattan, the largest creditor, Miramax also has other arrears, and the cumulative amount of liabilities reaches 23 million US dollars.

Around the new year, the Westeros system began to discuss some cooperation projects with several major banks in the United States, mainly the loan financing required by various subsidiaries for further development, and further cooperation between Internet payment tools and physical banks.

For the major banks in the United States, the subsidiaries of the Westeros system are undoubtedly the best loan targets, and each of them will naturally try their best to strive for it.

Chase Manhattan is one of them.

In order to form as many interests as possible, the Westeros system also habitually chooses more partners.

During Verizon's negotiation with Chase Manhattan over a $300 million loan financing, Simon asked James Redbold, who was involved in the negotiation, to impose a conditional on Chase Manhattan: advance debt recovery from Miramax.

A small Hollywood company that is always on the verge of bankruptcy is completely unworthy of Chase Manhattan.

It is unlikely that it will recover all the debts owed from this struggling film company. Chase Manhattan is actually doing debt collection, and it is ready to take on another bad debt.

The incidental requirements of the Westeros system, in the eyes of Chase Manhattan, also thought that this small company had angered Daenerys Entertainment somewhere, and the potential cooperation between the two parties was far more than a $300 million financing, and it was smooth sailing. , of course, happy to sell a favor at will.

So, on the same day that The Wall Street Journal criticized Time Warner for overextending, a third-tier film company headquartered in New York formally filed for bankruptcy in the Southern District Court of New York.

Although the development of the Westeros system has been smooth sailing, Simon has always understood that business competition has never been warm.

Cruelty is the essence of business.

He didn't have any burden in his heart to erase a film company that was supposed to shine on the original timeline.

In the reception room of the manor house, after lunch, the Simons were discussing the next step in the telecommunications field of the Westeros system with James Raybold and Verizon Telecom chairman and CEO Raymond Smith.

A week before Christmas last year, the US Congress formally passed the lifting of an industry ban on telecom operators from engaging in equipment manufacturing.

Although a bill passed by Congress, it is largely a way of the Bush administration to accumulate as much political legacy as possible before the formal handover of power. Bush Sr. is doomed to step down, and Bush Jr. will officially enter the political arena of the United States.

Speaking of which, in the final months of the election, the Bush administration has also been trying to push through some bills related to the new tech industry.

It's just that because the "Information Superhighway Act" is in front, the bill has also entered the final stage of discussion, and the Bush administration cannot take the bill proposed by Clinton's running mate as its own political achievement anyway. Therefore, in the field of new technology, the White House has Seems to be doing nothing.

Of course things need to be done step by step.

The ban on telecom operators from getting involved in equipment manufacturing is lifted, and the next step is for Nokia to enter the North American market.

In the original timeline, Nokia's share in the North American market was actually not high, mainly because the North American telecom equipment market was too closed, and sales channels were monopolized by telecom operators. Until many years later, the iPhone appeared, and US telecom operators still rely on The bundled sales model with telecom packages monopolizes more than 90% of the telecom equipment market.

This time, with the cooperation of Verizon, Nokia's pace of developing the North American market will not be as difficult as it used to be.

In the past two years, AOL has been in the field of Internet service providers. While cooperating with AOL to develop Internet business, Verizon has also been vigorously deploying its own mobile communication network.

With the best quality markets on several continents along the eastern coast of the United States, and at the same time locking in the second-generation gsm format without hesitation, without hesitating between different telecommunication standards like other operators, and even enabling different formats at the same time with extremely wasteful resources, Veri Sen's layout in the field of mobile communications also far exceeds other peers.

Next, while cultivating the mobile communication business in its own market, Verizon's next goal is to expand.

Of course, for that to happen, antitrust restrictions from the 1984 at-t split would also have to be resolved.

This is actually only a matter of course in the next few years.

Whether it's public media or private lobbying, the Westeros system has been promoting the concept of "triple play" as much as possible for the past two years.

Internet broadband, cable TV, and home phone, if these three major networks can be combined into one, it will greatly save the operator's operating costs, and at the same time bring cheaper services to users.

The main purpose of antitrust in the United States is to prevent the monopoly of the telecommunications industry from causing excessive prices to harm consumers' interests.

Now, the integration of three networks can not only save social resources to a large extent, but also provide consumers with cheap communication services to the greatest extent. Therefore, this concept, whether it is a media platform or the American political arena, has a very strong market.

Continuing to deregulate the telecommunications industry,

Letter giants are beneficial.

The concept proposed by the Westeros system was quickly recognized by the telecommunications industry.

at-t even published a report, arguing that once the regulation of the telecommunications industry is lifted and the triple play is promoted, the U.S. telecommunications industry can save hundreds of billions of dollars in costs every year. By.

There was an afternoon of talk about Verizon and Nokia's forays into North America.

In the evening, James Raybold and Raymond Smith were sent off, and the Simons officially boarded the plane back to the West Coast.

The next day is Friday, January 8th.

The first box office week in 1993 officially ended.

During the seven days from January 1st to January 7th, as it entered the working day, the movies in the North American theaters experienced a sharp drop.

"Jurassic Park", which was released in its third week, fell by 35% in a single week and continued to make $46.91 million.

At the same time, the domestic box office of this powerful dinosaur film also exceeded the US$200 million mark, reaching US$210.46 million.

Daenerys Entertainment's other film "Home Alone 2", which is scheduled for the end of the year, also fell by 43% in the first week after the new year, with only 5.66 million US dollars left at the box office in a single week, and the cumulative box office was 147.69 million US dollars.

Different from the sharp dive after the two commercial films entered the working day, Daenerys Entertainment's award season featured "Scent of a Woman", but the box office trend was relatively good, with a drop of only 28% in the first week of the new year, and the other "Cry". There are also signs of a slowdown in the downward curve of "Game".

At the same time, in the 1992 year that just passed, the box office charts as of December 31, 1992 have also been released.

Daenerys Entertainment's "Wonder Woman" in the summer season, with a huge box office of 371 million US dollars, has no suspense as the 1992 annual box office average.

Although "Jurassic Park" still has a rapid box office momentum, it is generally difficult to overtake "Wonder Woman". Both the company and the outside world predict that the domestic box office of "Jurassic Park" will probably be around 350 million US dollars. . However, judging from the market performance of the overseas box office that has opened, it is difficult to say who wins and who loses in the overseas box office of the two films.

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