Tang En is the big boss of New Global, and here he can make almost any self-right decision.

However, there are always people who have different ideas.

"Tang En, transactions are not the essence of the New Global, management is the most important thing. Transactions are a means to achieve their goals, to produce TV series, make movies, build theme parks, grant franchise rights, and win over talents. But transactions cannot be put first. For mergers, I think they are like other jobs."

Within New Global, there are not many people who dare to oppose Donn's decision or raise some objections, and there is no doubt that Barry Diller is one of them.

Barry Diller came to Donn's office and said earnestly, "We don't need mergers, we don't need movies or TV shows that are too expensive, we don't need actors that are priced at absurd companies that even if they fit our strategy."

Done smiled, "Are you talking about Prada?"

“Not only that.”

Barry Diller shook his head, "In the past, New Global... or Tangen Pictures, in order to struggle to move forward in the industry, always had to take some risky actions to strive for opportunities to survive. But now it is different. New Global is already a leader in the industry. What we need now is not risky actions, but step by step."

Tang En doesn't think so, "Whether it is the past, present, or future, crisis awareness is the foundation for the new world to take root and establish its life!"

"Crisis awareness is important, but it cannot be blindly merged."

"Blind?"

"We don't know much about the fashion industry, and no one has any experience in this area."

"Business laws are always interoperable. LVMH can achieve what it is today because it is taken over by a real estate family, not a luxury family."

Donn was very determined about his decision to acquire Prada.

fail?

Nearly impossible.

Even if the industrial integration between Prada and Xin Global is not good enough, there is no possibility of loss in transactions. Prada in his previous life lived so hard, and after several ups and downs, he went public in the Hong Kong government and his market value exceeded US$10 billion?

The current market value of Prada will not exceed US$3.5 billion!

It can be said that as long as you buy it, you will make a profit without losing money.

If the fashion industry can really be incorporated into the New Global ecosystem and integrate perfectly, it will shine and become an important profit sector for New Global.

If Barry Diller questions the acquisition of Victoria's Secret underwear, Don may consider it for a while.

There is no need to question Prada!

Donn did not reach a unified opinion with Barry Diller, but he was stubborn.

Acquisition of Prada is a must!

He slept with Anna Wintour's daughter, and it would be unreasonable if he didn't acquire Prada.

On the way to Legend Pictures, Tang En was still thinking secretly.

Why did Barry Diller reject Prada?

With his business acumen, he should not be unable to see Prada's market potential.

Universal Pictures is going to make a movie "The Queen of Prada", and there will be many big stars joining it.

With the power of a movie and the promotion of the New Global channel, how can Prada not soar into the sky?

Tang En shook his head secretly.

I think Barry Diller may be too old and his business strategy is too conservative.

Donn went to meet Michael Orwitz, mainly talking about the financial industry of the film, namely the insurance business.

Legend Pictures will be listed next year, and its market value should not be less than US$5 billion.

However, the profit growth of Legend Pictures has almost stagnated. The Hollywood plate is so big in total. There are more and more companies engaged in platter investment. It is unlikely that Legend Pictures will have more profit growth.

Hollywood is the industrialized market for films, but the impact of the financial industry on the film industry has been deeply rooted in the bones, and the insurance companies play the biggest role.

Insurance companies in Hollywood are almost like a "package" arrangement.

1. Personal insurance, including personal insurance for a series of personnel such as producers, actors, and stunt personnel, to ensure their personal safety during the film production process.

2. Equipment property insurance, including insurance for props, sets and costumes, cameras, negatives and videotapes, etc., in case these equipment or property are damaged during shooting, increase the additional cost of film production.

3. Error and negligence insurance. Error and negligence insurance refers to insurance established by the producer during the shooting process, such as privacy rights, patent rights, copyrights and therefore bear corresponding civil liability, in order to regulate the producer's behavior.

4. Comprehensive liability insurance. During the filming of a film, the insurance company may incur personal injury or damage to other people's property due to liability risk events. The insurance company provides tangible damage insurance to the production company in accordance with this clause.

5. Finished guarantee insurance.

In addition to the fact that the finished film insurance was greatly squeezed by the platter investment business, the other four categories of insurance businesses still allowed insurance companies to penetrate Hollywood in depth.

Many insurance companies even set up entertainment departments to handle film, television and entertainment business.

If it's just insurance, of course it's a good thing.

However, insurance companies have seriously affected the production of film and television works, and have greatly intervened in the selection of actors, script writing, shooting methods, and production processes.

Even superstars like Nicole Kidman, Tom Cruise, and Jack Chen are often injured and are blacklisted by insurance companies, which in turn affects their career development.

Tang En wanted to develop another solution to solve this problem.

Hollywood movies are ultimately created by Hollywood.

Why should laymen intervene?

Legend Pictures’ platter investment business has set a precedent, bringing a huge impact to the insurance company’s film-finishing guarantee business.

If we can set a precedent, we will greatly limit the power of insurance companies. In other words, we will directly set up a new financial insurance department to specialize in film insurance business.

That would be a great blessing for Hollywood filmmakers.

Platter investment is a successful experience in previous lives. Tang En knew it, so he could easily take it out.

However, killing the insurance company has no successful cases in the past life.

Donn wanted to discuss with Michael Orwitz, but encountered a hurdle that he could not overcome - the law.

Because of the antitrust law, financial business can only be handed over to third-party platforms, and Hollywood cannot do it by itself.

For example, in the guarantee for the completion of the film, the investor and the production company are both Party A and Party B, and the insurance company must be a third party.

For example, in personal safety, the brokerage company and the production company are both parties A and B, and the insurance company must also be a third party.

Otherwise, there will be suspicion of being both a player and a referee.

This is industry monopoly.

Other problems are easy to solve, and legal obstacles cannot be broken through by humans.

Tang En's enthusiasm was immediately extinguished.

He also wanted to find a new profit point for Legend Pictures and make Legend Pictures the largest insurance company in Hollywood. In this way, it seems impossible.

Hollywood film and television creations either bear all risks themselves or... they can only cooperate with insurance companies and are willing to be influenced by their opinions.

The idea of ​​insurance business was not done, but when chatting, Donn heard some other ideas from Michael Orwitz.

It's about Prada.

"I managed the CAA back then. Later, I switched to Disney, but encountered the biggest trough in my career. If I hadn't met you later and founded Legend Pictures, maybe... I had left Hollywood at this time."

When talking about what happened back then, Michael Orwitz was quite sighing.

Back then, he and Michael Eisner were their best friends!

But when I went to Disney, I broke up directly.

"This has something to do with Prada?" Tang En didn't understand what he said.

Michael Orwitz is an old friend of Donne. When it comes to personal relationships, his relationship with Donne is much closer than Barry Diller. He said lightly: "I went to work in Disney, and Eisner transferred all the difficult and complicated work to me. He was directly responsible for all the relaxed and profitable businesses. Even so, I never complained about anything. I worked crazy every day, working at least 17 hours a year! I even gave up on weekends."

As he said that, he shook his head ridiculed himself.

"Do you know what Eisner said at that time? He said I was giving him eye drops. I gave up my vacation, forcing him to give up my vacation. I don't have to say too much about the extra words, because today's Disney is no different from that of Disney back then."

Tang En slowly thought about what he said.

Are you complaining about Michael Eisner's overly domineering and dictatorial management style?

To be honest, Tang En didn't mind.

Jobs is more domineering and more dictatorial!

Being capable and being domineering is not a disadvantage.

Michael Orwitz said again: "Eisner has been in charge of Disney for 20 years, longer than the university president! It is hard to imagine that he is just a professional manager, and even Jack Welch has not been able to do this. How did Eisner do it?"

"Exclusion of people who may threaten his power?" Tang En narrowed his eyes slightly, thinking.

Michael Orwitz said flatly: "There is no doubt about this! Jeffrey Carsonberg, Steve Burke, Steve Borenbuck, Paul Presler, Gary Wilson, Meg Whitman, Peter Lamel... Which of these people is not a top professional manager? Rather than saying that they are senior talents from Disney, they are the possible successors who have been excluded by Michael Eisner through power in the past few years."

That's true.

Michael Eisner is getting older and Disney's shareholders' meeting has always hoped that he can train or designate a successor to avoid possible turmoil in the future.

However, he has been avoiding this issue.

He is Disney's steady top leader!

Second-in-command?

No!
Chapter completed!