Start with hooves

Chapter 217 Columbia's Film Library

The holidays are over and people are getting back to work.

Most of the tourists who choose to travel to Lanai Island have both money and time, so although the number of people landing on the island has declined, it still remains at more than 2000 people per day.

Su Rui doesn't plan to go back yet.

In areas such as northern Europe, northern America, Canada, Japan, etc. that are experiencing cold winters, many wealthy people like to spend the whole winter in Hawaii, just like people from Northeast China go to Sanya for the winter.

It was very annoying for him to be idle all day long on Lanai, and to be harassed by groups of tourists in turn.

As for Beverly Hills.

At most, the tour group drove a sightseeing bus, took tourists to stop at his door, punched in and took pictures to visit.

Compared with Suri, whose fans are relatively younger, the mansions of Stallone, Michael Jackson, Schwarzenegger and others are obviously more popular.

So staying in Los Angeles is cleaner than living on Lanai, and it’s a little more lively every day, and there will never be a shortage of lively parties.

October 1th.

Netflix Entertainment CEO Ricky Trenz called Suri at around ten in the morning and told him:

"I am in Los Angeles and have just been in contact with the executives of Sony Pictures Entertainment Group. They are obviously here for the shares and want to use Columbia Pictures' film library resources in exchange for 35% of our equity."

"...with such a big appetite?"

Suri was surprised.

He only guessed that Sony Pictures was interested in Netflix Entertainment's streaming media business, but he didn't expect it to be so radical and directly wanted to replace each other.

Trenz told over the phone:
"Columbia Films has a total of more than 5000 classic films. Although most of them are garbage resources, the total value is not low. It is very important to our company, and it may attract tens of millions of paid members. I think it can be seriously discussed. Talk, this is an opportunity!"

Of course, Su Rui didn't dare to underestimate the background of Columbia Pictures.

However, he wanted to get a 35% stake in Netflix Entertainment just by using the online broadcast rights of the film library. In his opinion, this deal was obviously a blood loss.

therefore.

After thinking about it for a few seconds, Su Rui shook his head decisively and said:

"It seems that there are more than 5000 films, and the ones that are really liked by people are probably about 100. The rest are of no help to our company. The drainage effect of self-made dramas is much better than that of old movies."

"I would rather spend a sum of money to buy it out than release so many shares. This will affect our follow-up financing and affect both me and the parent company. As an Internet company, the value of Netflix Entertainment has a certain value. Hope to grow to tens of billions or even hundreds of billions of dollars."

"If they insist, it doesn't feel necessary to continue the discussion. I can't choose to sell the hen that lays the golden eggs..."

After listening to this, Terenz said again:

"We value this copyright library at around $20 million. I mean 15%, or even [-]%, which will be a good deal."

Su Rui calmly continued to explain:

"If such an opening is made, how will we buy MGM's film library in the future? How will we buy the resources of [-]th Century Fox and Paramount Pictures? Do they all rely on releasing equity? They are already old, which is equivalent to using IBM's Patent copyright, share exchange with Facebook and Amazon, growth potential needs to be considered, and the parent company and I will suffer particularly.”

Look at it from the perspective of an ordinary person.

Cooperating with Sony Pictures can indeed bring benefits. It can immediately raise the background of the film source to the same level as that of several major film companies, which can save a lot of trouble.

However, Suri has a particularly long-term vision and is well aware of the value potential of Netflix Entertainment’s equity and does not want to release the equity prematurely.

Trenz, who has been thrown cold water, is good at managing companies, and he does not have a strong talent for pioneering and enterprising.

Seeing that Su Rui had already made a decision, Trenz asked, "Then what should we do, just reject them?"

"Yes, my bottom line is to cooperate in the normal way. In addition, I can bring Sony Pictures to participate in the follow-up financing, and give them part of the A round of financing."

"But ... that would put them on the other network TV companies," Trenz continued.

"Let's just drop it, the competition is already great, I don't care."

Giants including Warner, Disney, Universal, [-]th Century Fox, etc. are currently busy developing their own Internet TV platforms.

Fighting against each other, they finally found an opportunity to transform into an Internet company. Before they were sure they would lose, everyone thought they could win.

The reason why Sony Pictures Entertainment Group proposed cooperation instead of starting a new company by itself is probably because there are too many other interests involved. As a Japanese company, it does not want to go head-to-head with the major media oligarchs in the United States.

The dominance of Netflix Entertainment is not yet in Su Rui's hands.

He was worried about the parent company, who was dazzled by the price offered by Columbia Pictures, and his head started to convulse.

So he threatened:
"Before the release of the fourth episode of "The Walking Dead", don't make any important decisions, and don't hold me back. If the film library matters affect the follow-up financing plan, I will sell Netflix without hesitation All the equity in entertainment, jumping out, spending money to do it alone, and working for others is not my character."

If too much equity is released in the early stage, and after A, B, C or even D rounds of financing, the shares held by Su Rui will continue to shrink.

If in the end the shareholding is too small and others are taken advantage of in vain, then what is the point?
The reason why we have to wait for the fourth episode of "The Walking Dead" is because the first three episodes are free to watch, and then you need to recharge to become a member. According to the current performance of this show, there is a high probability that it will bring some surprises.

Once the market gives a new high valuation, the price offered by Sony Pictures will appear inappropriate.

at this juncture.

It’s no wonder that Su Rui has to say harsh words to avoid letting others dominate the company’s decision-making and create twists and turns out of thin air.

The CEO of Trentz has no real power, so he hurriedly appeased and said:

"I'm just passing on the conditions they offered to you. I haven't made any decisions yet. I also think it's better to wait until the performance comes out before discussing how to cooperate. Old movies can be rented at any time, only new ones. In order to attract users to continuously purchase our membership..."

After a brief conversation, he hung up the phone.

Hoshino Yuko just walked over, wearing a black bikini, with wet hair, just finished swimming.

Holding a bath towel in her hand, she wiped her ant waist and said to Suri:
"I can't let you order food anymore. I'll be overweight. I'll have some vegetable salad for lunch. Maybe I'll go to a party in the evening and talk about an endorsement with a Japanese cosmetics company."

"Oh? Men and women, do you want me to go with you?"

"Why, are you jealous?"

Su Rui replied: "I blame you for being good-looking and being easily missed by others. After all, it is my woman, so you will inevitably feel worried..."

(End of this chapter)