Chapter 322: Paramount! I want Paramount!(1/2)
Faced with doubts from almost all board directors.
I think that after Elizabeth Olson, a second-tier Hollywood actress, becomes a director of Viacom's board of directors, it will seriously damage Viacom's prestige in the industry.
But Abel did not give in.
"No doubt! Ms. Elizabeth Olsen is now the new director of Viacom!"
"She is specially hired by Oasis Investment. Oasis Investment thinks she has the ability and she can become a director! Your doubts are useless!"
"Whether it is the federal corporate law or the various laws of the state government, all laws support this view!"
"Everyone saves your energy."
Abel threatened, "Otherwise, Oasis Investment will initiate a vote for the chairman of the board of directors. The one who represents Oasis Investment in this vote will be Miss Elizabeth Olsen!! She will compete for the position of Viacom's chairman of the board of directors this time!"
He sneered and looked at Lei Shidong with a blue face.
"Mr. Redstone is really great for your 70% voting rights. But before voting today, you have to go on a board of State Entertainment, and we will vote against it. Although you can still win and then get a victory on Viacom's board."
"But don't forget! We are not Ms. Sally Redstone. Every time you want to exercise control of National Entertainment on Viacom, you must invest through Oasis."
"otherwise."
"But it will be illegal!"
Under this threat from Abel.
Many board directors and Viacom's senior executives knew that what they said just now had no effect on Abel.
They had no choice but to look at Lei Shidong in the center for help.
Lei Shidong's face turned pale.
The private doctor next to him kept whispering in his ear, asking him not to get angry, as it would seriously affect his health.
final.
I don’t know if I figured it out or what happened, Lei Shidong, who had a gray face, sighed deeply.
He looked at Elizabeth and Abel, who were at a loss, and he spoke softly with a hoarse voice, saying:
"What do you... want to get?"
Abel raised his eyebrows.
This was the first time this hard old man used such a weak tone.
It's like a helpless old man.
But this is in the middle of a commercial battle.
Abel will not be weak!
The so-called kindness does not control the army, righteousness does not control the wealth. This sentence is actually effective in the competition in the business world.
People who are kind and weak in their hearts, or who are generous and loyal, are not suitable for doing business, especially such super big businesses that cost hundreds of millions of dollars.
Because sometimes, just because of temporary weakness, it is possible to ruin a company and a situation where you can clearly win!
not to mention.
Lei Shidong is not a weak old man at all. If he is really a weak old man, why is he already 95 years old and would rather die with his son and daughter than resign from Viacom's board chairman!
The weakness he showed today.
It is only when facing a stronger and more helpless self, a hint of helplessness will be shown in front of the inability to defeat the uncoitorous enemy.
Even if you really show weakness, you can ask a question! This is probably just a business strategy to show weakness, hoping to gain your sympathy.
This is also a possibility.
Facing Lei Shidong's rare weakness.
Abel said without hesitation: "Paramount! Paramount! Paramount!"
He said three Paramounts in a row, and then continued softly: "I've told you a long time ago. Mr. Redstone, I'm not very interested in Viacom and CBS! Because you have controlled them so well, it's hard for me to get them!"
"So from beginning to end, the only thing I'm really interested in is Paramount!"
After saying that, Abel looked at Lei Shidong without giving in.
In this regard, in the face of Abel's various blows and even harming others and not benefiting oneself, his tone this time became much softer, unlike when he was at Wells Fargo, which was hard-working to say that this was impossible.
He shook his head helplessly.
"Paramount is really important to Viacom! We can't give you Paramount. Viacom who has lost Paramount will no longer be Viacom..."
In fact, Lei Shidong's words were already tactful enough. Pyram is indeed very important to Viacom.
Viacom is a media empire, and Paramount is a very important film production and theater chain in this media empire. Although its profitability has been poor in recent years, it has not even 1/10 of CBS, and it has even suffered losses for many years.
But its status in this media empire will not be too bad for CBS.
Just like Time Warner’s three pillars, Turner Radio, Warner Bros. Pictures, and HBO.
Although Paramon is no longer as brave as he was back then, he is also one of Viacom's pillars.
If Paramount was given to Abel.
Viacom, the media empire, is no longer a media empire, because the crucial film aspect in the empire is lost all of a sudden.
Abel knew this, too.
But for him, compared with other strong-founded film companies, such as Warner Bros. Pictures, Disney Pictures, 21st Century Fox and others.
The Paramount that Viacom has is the easiest to succeed and the weakest at present.
You have to pick the persimmons and pinch them.
This is especially true in commercial competition and commercial annexation.
After thinking about it, Abel said softly: "In recent years, Paramount's films released in the North American market have ranked last in the six major Hollywood markets. In 2015, Paramount's score was $674 million, just $700,000 higher than Lionsgate, which ranked seventh."
"In 2016, North America's domestic box office was still at the bottom of the six majors, with a box office market accounting for only 7.7%. Only one [Star Trek] entered the top 20 North America's box office in 2016, close to US$160 million."
"In 2017, North America's domestic box office continued to be at the bottom of the six majors, and the proportion of the box office market even fell below 7%. [Transformers V] did not meet expectations, and there was only one [Extreme Agent] not bad!"
"In 2018, the year that is about to end, it can be expected that Paramount will lose for the first time in seven years..."
While talking about the performance of Paramount, the six weakest chickens, in recent years, Abel watched the increasingly worse expressions of the Viacom board directors and senior executives.
To the end.
He concluded: "This kind of company that can only bring losses to Viacom and is even ridiculed as non-existent Hollywood's six majors, and continues to be in the stormy Viacom, which will only gradually weaken this century-old film company. It will eventually disappear from the throne of Hollywood's six majors and become a company like MGM and Lions Gate!"
"But it's different for me!"
Abel looked at Redstone in a speechless expression of the board of directors and senior executives: "If I give Paramount, I will immediately inject US$2 billion and start the big plan for ten major movies! The most important thing is that even if I lose all the losses, I can afford it!"
"because……"
He smiled very charmingly.
"I have money!!"
A sentence at the end of Abel, "I have money!!", put the scene in a strange state of silence and silence.
Lei Shidong had a blue face.
Others don't know how to speak.
So far, except for Leistone, other board directors and senior executives finally know why Abel obviously couldn't get all Viacom, but also had to spend huge amounts of money to maliciously acquire Viacom and CBS.
It turned out to be just for Paramount.
Think about it this way.
The shocks that occurred during this period are really a disaster for Viacom and CBS.
Is Paramount worth that much?
Obviously not worth it.
Not to mention $8.8 billion.
Even if it is $2 billion, Paramount is not worth the price at all except theaters.
But this guy is willing to invest 2 billion US dollars for such Paramount to allow Paramount to be reborn.
It also spent a huge amount of money and used more than 8.8 billion yuan to invade and attack and threaten Viacom and CBS for Paramount.
It's like...
He clearly holds a gold mine in his hand, but he still wants to grab an iron ore. It is obvious that gold mine is much more valuable than iron ore.
From the perspective of Viacom board directors and senior executives.
Abel is very irrational.
Too wasteful money.
But from Abel's perspective.
This is actually the most correct way.
To be continued...