Chapter 649 No Way

Most of the long-term bonds purchased by Firefly are investment institutions such as various retirement funds and insurance companies in North America and Europe. Major investor in US Treasuries under 3%.

Although the rating agency has rated Firefly's long-term bonds at 2a, slightly lower than the highest 3a safety rating of US Treasuries, after Firefly released a series of financial data, especially stimulated by the impending pool of $3 billion in free cash flow Although the rating agency has not upgraded Firefly’s bond rating, a large number of industry analysts have publicly stated that the security of Firefly’s bond investment is almost the same as that of U.S. Treasuries, while Firefly’s long-term bonds are almost twice as high as U.S. Treasuries. 5% annual interest rate.

In this case, even without Firefly's sudden abandonment of the hand-drawn animation department to make the creditor alliance lose its coercive bargaining chip, the investment institutions holding Firefly's long-term bonds cannot ask Firefly to initiate bond repurchase measures in advance after Firefly's tough statement. It's self-defeating.

As a result, when the news of Firefly's imminent sale of the animation division caused an uproar in Hollywood and Wall Street, the group of creditors gathered in Los Angeles became the most embarrassing group of people.

As an advocate of the creditor union, Ron Perelman was immediately involved in the Marvel affairs after returning to New York. Although he was able to call wind and rain in the capital market skillfully, in the face of absolute strength, Ron Perelman Perelman immediately became cramped.

Warren Buffett, Tom Murphy and David West all have very wide connections and influence in New York, as for Katzenberg. The Manhattan native became a member of the campaign of then-New York mayoral candidate John Lindsay at the age of 19. A few years later, he also assisted John Lindsay in his presidential bid as treasurer. Although it was unsuccessful, this kind of Zhengzhi resume is beyond the reach of many ordinary people in their entire lives. Even after developing in the media industry for many years, Katzenberg is still half a New York local snake. In addition, he is now wearing the largest American The title of the next CEO of the media group, its influence can be imagined.

Under the strong promotion of various forces, the New York District Court was surprisingly efficient, and Ron Perelman, who returned to New York 8≌style_txt; did not even have time to do anything. had to face various investigations from law enforcement agencies.

When the news of Firefly's decision to sell the animation department reached New York, Ron Perelman, who had a premonition that something was going wrong, immediately called Summer Redstone and wanted to agree to Viacom's conditions. En Perelman is sensitively aware that by agreeing to Viacom's trading conditions, he will not only be able to get out of the vortex of Marvel immediately, but also get $100 million in funds. On the contrary, if this deal is not made, he may have to fall in front of Firefly next.

However, things took a turn for the worse than Ron Perelman had expected. The 'fresh and tender cabbage' of the animation department, which was thrown out of the whole Hollywood by fireflies, was drooling.

Viacom's mood to win this "cabbage" is far more eager than other major companies. At this time, Summer Redstone would not anger Eric for the "rotten apple" of Marvel.

Therefore, Ron Perelman made multiple calls in a row, but he was never able to contact Redstone himself.

Malibu Point Manor, a business party is being held at this time.

It has been two days since Firefly issued a series of news and statements. Although Firefly can completely ignore the representatives of the creditor institutions who were left in Los Angeles, it is not in the long-term interests of Firefly, even if it is not listed. It is impossible for the company and Firefly to completely separate from the capital market, not to mention that Eric is still developing many industries outside of Firefly. Retirement funds and insurance institutions located in various states of the United States and European countries are precisely the main investment forces in the capital market.

Therefore, Eric quickly invited representatives of all creditors to attend the party at the Sharphorn Manor on the grounds of 'face-to-face communication and elimination of differences'. Now that the matter has developed, there is no need for any communication at all, and the guests who come to the party no longer even mention the creditor union.

Anyone with a discerning eye can see that this is a step given by Firefly.

Originally, I was a little worried that Eric would be arrogant and treat the creditor representative. When he came to the Jiaojiao Manor, he found that the owner of the Firefly Group not only did not have the arrogance of a teenager, but was as mature and stable as most of their peers, and when he treated people and things without leakage, They are all relieved. In the subsequent conversation, these people even gradually ignored Eric's age, and unknowingly surrounded Eric in the middle like the stars and the moon, and talked about various issues of economic justice and current affairs with great interest.

"If we are careful, we can find that a whole new information technology industry has emerged. Although the academic circles have called the development of cutting-edge technologies such as new energy, information technology, space technology and biotechnology as the third industrial revolution, in fact , there is only one type of information technology that can really be close to the lives of ordinary people. And we all know that the more widely popularized the industry at the level of ordinary people, the higher the economic value will be. So in the next ten years or even two years In ten years, mobile communications, personal computers, application software, and the Internet will become the most valuable investment targets,” said Eric, who was surrounded by a group of creditor representatives and senior fund managers in a corner of the hall, holding a glass of red wine. Don't be afraid to talk about the venue.

A fund manager in a black suit asked: "Eric, I know you've invested in Cisco, Yahoo and AOL in several high-tech companies outside of Hollywood, but you don't think high-tech investments are too risky. Is it bigger? As far as I know, one of the investment tenets of Mr. Warren Buffett, another shareholder of Firefly Group, is to avoid high-tech industries as much as possible.”

"I wouldn't say anything about Warren's investment philosophy, which will be drowned by his supporters." With a chuckle, Eric continued: "However, in other times. Investing in high-tech The industrial risk is indeed very big. But now it is different. The next will be an overall industrial explosion. Because the industrial field involved in information technology is too huge, including almost every aspect of our life, the semiconductor industry promotes personal computers , the development of mobile communication, personal computer, mobile communication promote the development of application software, mobile phone, Internet and other branches, and the latter three can drive more numerous huge industrial clusters, in the rising state of this overall industrial trend , the investment in high-tech is very secure, I am sure. In the next few years, North American and even global capital markets will definitely drive a new round of long-term bull market pattern due to the development of new technology industries.”

Another fund manager asked very keenly: "Eric, do you think there will be a bubble in this?"

"Of course, every round of bull market means a stock market bubble, and this big industrial outbreak will definitely mean a bigger bubble," Eric swept the crowd with a different meaning in his eyes, the corners of his mouth With a faint smile, he said: "In the state of the stock market skyrocketing, even if you didn't hear what I said today. I think you will definitely enter the market without hesitation, just. Can you restrain your greed in the end? It's up to everyone's luck to escape successfully."

Seeing that many people fell into short-term thinking, Eric did not continue to talk, and revealed something to leave a deep impression on the hearts of these fund managers with a large amount of capital, which will definitely bring unexpected benefits in the future. , but there is no need to say too much. Seeing Elizabeth, who was wearing a lavender dress standing outside smiling and looking at him, Eric raised a toast to the crowd and walked out across the crowd.

Eric praised Elizabeth's dress slightly and asked, "When did you come here?"

"It's been half an hour," Elizabeth said, still with the smile on her lips, "Seeing that you are so comfortable among a group of old men, I don't have the embarrassment to disturb you."

Eric walked to his own dining table and brought a fruit plate, found a sofa with Elizabeth to sit down, and then took the girl's words with a smile, and said, "This is also impossible, if I walk too close to men of the same age. , the association that it causes is even more unbearable, I guess you definitely don't want to see such a scene, right?"

Elizabeth smiled and slapped Eric on the shoulder, took a sip of red wine, slowly restrained her expression, and said, "My dad regrets it recently."

Eric looked up and asked, "What do you regret?"

Elizabeth shrugged and said, "My father said that Firefly's paper media assets could be bought for $1.52 billion, and News Corp. would definitely sell it."

Eric picked up an apple and stuffed it into his mouth, and said, "It's okay, old man, my memory is getting worse and worse, and I'll forget it in a few days."

Elizabeth said dissatisfiedly: "Eric, can't you respect my father a little?"

"Uh, okay, sorry," Eric also followed suit and said, "Then, now, you must want to buy Disney's animation department again, right?"

"Well," Elizabeth nodded. She herself believed in Eric's judgment very much, and even had some admiration. Therefore, since Eric insisted on abolishing the hand-painted animation department after "The Lion King", Elizabeth did not mind. As eager as several other Hollywood studios.

But unfortunately my old man didn't think so.

Eric said: "Let me tell you, Liz, if you buy the paper media assets of Firefly, you may be able to maintain a good profit for the next few years. But if you buy the hand-painted animation department, it is impossible to make money at all. ."

Elizabeth glanced at Eric: "What's the use of telling me, you have to tell my dad."

"Then I'm not obligated, but don't get involved this time," Eric thought for a while, and said, "Even if your old man works hard, I don't think he will be able to grab it this time."

Elizabeth asked curiously, "Oh, which company do you think is most likely to buy the animation department?"

Eric recalled some of the information Kelly collected in recent days, and said: "I think the most likely one is Warner. This summer, Warner's film business is too miserable. If Terry Semel doesn't do it Some achievements give the board of directors and shareholders enough confidence, and it is estimated that it will be difficult to sit in this seat for too long. The second is Paramount, I heard that Paramount plans to use Blockbuster to imitate Disney's peripheral strategy," Eric Speaking of this, with a little gloating on the corner of his mouth, he said: "There are more than 3,000 Blockbuster chain stores in the United States, which is more than six times the number of Disney stores worldwide. This is indeed a very good idea, but it is a pity that Paramount has no There's not much to develop surrounding movies, I don't know why, but it makes me laugh when I think about it, haha, sorry, make me laugh."

Elizabeth rolled her eyes, waited for Eric to finish laughing, and said, "I thought you would think Universal is the most likely one. Michael Eisner is Disney's after all."

Eric shrugged and said, "Don't even think about Universal and Columbia. Michael Eisner definitely wants the animation department very much, but he doesn't have that much power. Now Universal and Columbia are in the hands of the Japanese. Japan People are sometimes generous, but sometimes very stingy. Their animation industry is very developed. Correspondingly, although they will not despise Hollywood animation film companies, they will not be willing to spend more than one billion dollars to buy a hand-drawn animation department. In the end, MGM has no hope. As for you, I think News Corporation should focus on the TV network now, not as desperate as Warner and Paramount?"

Elizabeth nodded slightly, and had to admit that Eric's analysis was very reasonable.

Since Firefly bought it and stopped cooperating with Fox Network, in order to maintain Fox Network's market share, News Corp. this year has put most of its energy on operating the network, even at the cost of reducing the production of the film department again.

After making up her mind not to try to influence her old man's decision, Elizabeth felt relieved and asked, "Hey, didn't you want to take over that comic company recently? Which superhero copyright did you like?"

"This is too much, Spider-Man, Fantastic Four, Hulk, Iron Man, etc. Actually, I'm a comic book fan, can you see that?"

Elizabeth showed contempt and said, "You are talking nonsense again, why have I never seen you read comics?"

Eric smiled and said: "This shows that we still need to deepen our understanding."

(To be continued.)

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