Hollywood New Century

Los Angeles, Burbank, in the conference room of Xinghai Entertainment's headquarters.

“General Electric bought back 20% of Vivendi’s NBC Universal shares through asset-backed loans, and the sale of NBC Universal has become a foregone conclusion,” Steve Schwartzman, head of the Blackstone Group responsible for the acquisition, told Xinghai Entertainment and Nine Head Bird Capital and other executives said,

"The target of the acquisition is either us or Doncaster. We are a comprehensive acquisition, which can improve a large amount of cash flow; while Doncaster is acquiring a controlling stake, forming a new NBC Universal group, and injecting some TV stations as capital. Swap."

"The problem now is that GE wants NBCUniversal to take on nearly $24 billion in debt, a condition we can't agree to, can we," Nancy Davis asked Steve Schwartzman.

Steve Schwarzman nodded after hearing this, the condition of $15 billion in cash and NBC Universal's valuation of $30 billion has been met by Xinghai Entertainment.

Simon has been sitting on the sofa, listening to everyone's discussions. Of the $15 billion in cash, 4.5 billion was provided by Xinghai Entertainment itself, the $4 billion was financed by issuing bonds, and the 500 million was part of the company's cash flow.

Nine-headed Bird Capital provided 9 billion US dollars of funds, of which 7 billion US dollars were obtained from financing in the past six months, and 2 billion was owned by Nine-headed Bird Capital.

Simon himself also poured $1.5 billion into Xinghai Entertainment, raising $15 billion in funding.

Steve Schwarzman, Nancy Davis and Nina Jacobson and other executives all looked at Simon at this time.

Facing the eyes of everyone, Simon made up his mind: "Notify them that $15 billion can be given to them immediately, and we can take on $22 billion in debt. This is the bottom line!"

On May 1, 2010, Xinghai Entertainment and General Electric finally reached an agreement, and Xinghai Entertainment acquired NBC Universal Entertainment for a total price of 52 billion US dollars.

With $30 billion plus $22 billion in debt, a new Hollywood giant is born.

The signing conference was held in the lobby of Universal's headquarters at 100 Universal Plaza Avenue in Universal City Hollywood.

After Simon Parker, head of Xinghai Entertainment, and Bob Wright, head of General Electric, signed the acquisition agreement under the witness of the media, the atmosphere also became high.

"Congratulations, Simon! It only took 6 years to own the historic Universal Studios in Hollywood!" Bob Wright laughed.

Simon responded with a smile: "Congratulations to GE for having such a large amount of cash, I believe it will be back to the top soon."

Then, there were questions from some of the reporters present.

"Excuse me, after Xinghai Entertainment acquires Universal Pictures, will it change the current pattern of Universal Pictures in Hollywood?"

"Mr. Pike, how will you coordinate the relationship between Xinghai Pictures and Universal Pictures?"

"..."

In the face of the long guns and short guns of the reporters, Simon didn't say much. After all, this is just the beginning.

Next, for NBC Universal's various business handovers, business unit reorganization, division of business units, personnel arrangement and handling, new personnel accepting fate, etc., it will not be able to be handled so quickly.

The combination of Xinghai Entertainment and NBC Universal is a time-consuming process. After the acquisition and signing, Simon has already had a clear strategy for the reform of NBC Universal.

First of all, NBC Universal Entertainment directly transformed into NBC Television Broadcasting Group and Universal Entertainment Group, both of which belong to Xinghai Entertainment.

Xinghai Pictures has also been directly merged into Universal Pictures, becoming a film production label, the distribution department, and the production department are combined.

Xinghai International Pictures was also changed to Universal International Pictures, which withdrew from the United International Pictures that Universal had previously formed with Paramount.

Since then, Xinghai Entertainment has been divided into the following major business divisions:

NBC television network division, including NBC television network, MSNBC news, USA cable network, Syfy cable, Bravo channel and other TV stations;

Universal Pictures Entertainment, including Universal Pictures, Xinghai Pictures, Marvel Pictures, Focus Pictures, United Theater, Xinghai TV, etc.;

Universal Studios Consumer Division, including Universal Studios Hollywood Resort, Universal Orlando Resort, Universal Studios Osaka Resort and other amusement park resorts and product consumer business;

Xinghai Interactive Media Division, with Netflix online network, Xinghai network media, Xinghai game production and other businesses;

The music division of Star Records Group.

Moreover, Xinghai Entertainment will lay off about 1,200 employees in the next three months.

Jean Mayer and Nina Jacobson are co-chairs of Universal Studios Entertainment, while Adam Ferguson and Dick Cook are executive presidents of the studio.

Because Universal Pictures and NBC Television were previously owned by General Electric, NBC Television is headquartered in the General Electric Building at Rockefeller Center in New York.

And Universal Pictures only has the production department's office and studio in Universal City, at 100 Universal Plaza Avenue. However, the administration department, distribution department and other departments of Universal Pictures are all in New York.

Moreover, Simon's new Xinghai Building in the Tribeca area of ​​lower Manhattan has also been completed and will be used.

So, Simon has decided to move some of the New York offices of NBC and Universal Pictures from the General Electric Building to the Xinghai Building in Tribeca. The headquarters of Universal Pictures and NBC are also moving to the current Xinghai headquarters in Burbank, and the Xinghai Building in Manhattan is the second headquarters of Xinghai Entertainment.

Of course, Xingchen Records of course uses the Xinghai Building in New York as its headquarters. After all, Nine Head Bird Capital will also enter the Xinghai Building.

Universal City serves as the office of the production department of Universal Pictures, and will also be managed in a unified manner with Xinghai Studio.

There are a lot of things, and we need to take it slowly. At the same time, the masterpiece "Iron Man 2" of Marvel Pictures is also released on 5.7.

Simon Parker's acquisition of NBC Universal Entertainment can be said to be a new king at once, with NBC, the three major wireless television networks, and Universal Pictures, one of the six major Hollywood studios.

Since then, Xinghai Entertainment has directly become a frightening force in Hollywood. According to the North American box office market last year, Xinghai Entertainment is now definitely the champion of the North American box office market.

"Simon Pike, another Hollywood star!"

—The San Francisco Chronicle

"The combination of Xinghai Pictures and Universal Pictures has greatly changed the pattern of Hollywood, the hegemon of the North American box office market."

—The Hollywood Reporter

"When everyone is congratulating Simon Pike on his ascension to the throne in Hollywood, have you ever thought that Xinghai Entertainment will also win more challenges."

-"Washington post"

"The entertainment group most anticipated by Wall Street investors in the future, the bell of the New York Stock Exchange is waiting for Simon Pike to ring."

— Warren Buffett in an interview with Time magazine.