Chapter 1140: The World's Top

Since the formation of the North American film market, there has never been a film that has exploded with such crazy enthusiasm like "The Avengers".

The results of "Titanic" back then and "Avatar" last year were not top-notch in a single week, mainly because they were super stable.

"The Avengers" took only 20 days, and the North American box office exceeded 500 million U.S. dollars, and the global box office exceeded 1.1 billion U.S. dollars.

It is not just the box office of the movie that sells well, but peripheral products such as comics, dolls, toys, and character image licensing have also brought huge revenue to Relativity Entertainment, and the global peripheral sales easily exceeded 500 million US dollars!

Relativity Entertainment's investment in this series has reached a fruitful moment.

This also means that the Marvel Avengers movie universe has officially entered the second stage.

At the same time, the negotiations between Robert Iger and News Corporation officially ended, and the two sides finally reached a series of agreements on Twentieth Century Fox.

Later, on behalf of the new company established by Relativity Entertainment and Qianlu Group, Ronan formally signed a contract with News Corporation to fully acquire 20th Century Fox.

Before the outbreak of the economic crisis, News Corporation’s total assets totaled more than 60 billion US dollars, but after the economic crisis and wiretapping, its market value has shrunk by nearly one-third.

Even so, it is not easy for Relativity Entertainment to win 20th Century Fox. The final purchase price is 10% higher than the current market value of 20th Century Fox, and the transaction price is as high as 27.6 billion US dollars.

The price also means that Relativity's new company is buying more than 20th Century Fox.

The deal includes a portfolio of 20th Century Fox companies, namely 20th Century Fox Pictures, 20th Century Fox Home Entertainment, Fox Music, Blue Sky Studios, National Geographic, Fox Searchlight Pictures, Fox Cable Network and Nearly ten subsidiaries including Fox TV.

Companies like Fox Online and Fox Network, Relativity Entertainment voluntarily gave up.

While the traditional media Fox News and Fox Star, News Corporation refused to sell.

The acquisition of Relativity Entertainment is very targeted, focusing on entertainment and TV stations. Since the company has an absolute holding subsidiary such as Netflix Networks, companies such as Fox Online and Fox Network with highly overlapping businesses and relatively heavy debts, naturally not interested.

As for Fox News and Fox Star,

Even though News Corporation and the Murdoch family are still unwilling to make concessions in such a traditional media industry in the face of difficulties, Relativity Entertainment has already acquired the Fox cable network and Fox TV station. , also quickly made a decision.

Compared with Walt Disney in the past, Relativity Entertainment has won the full version of the Fox cable network and Fox TV station and its scattered local stations, but has less equity such as HULU and Sky TV.

And there are far fewer Fox subsidiaries now than there will be in a decade.

In addition, due to the economic crisis and other aspects, there was no direct competitor like Comcast in this transaction, which prevented Relativity Entertainment from making a higher offer.

This is not ten years later. At that time, Walt Disney's acquisition of Fox happened to be at the peak of the surge in media and entertainment stocks after AT&T's acquisition of Time Warner.

Of course, this transaction has not really been completed, and there are still variables that need to be reviewed by the government.

Relativity Entertainment has already done the work in this area. It only took a week for the Ministry of Justice and the Federal Trade Commission to pass the antitrust review. For sale within Blue Sky Studios.

At present, Relativity Entertainment's animated feature film business accounts for more than 40% of the North American animated film market share, and it is normal to be restricted in this regard.

Moreover, after Relativity Entertainment owns Sand Sea Animation Studio, Pixar Studio and Princess Animation Studio, Ronan never considered Blue Sky Studios.

The former three major animation studios in Hollywood have lost their name after the rise of Shahai Entertainment Animation.

With the review and approval of the Department of Justice and the Federal Trade Commission, the deal was officially concluded, and the new company paid News Corporation $27.6 billion in two installments within one month.

News Corporation has sufficient funds, and with the withdrawal of the biggest pusher behind it, the wiretapping crisis has not deteriorated further.

In the end, the UK and the US did not discuss the proposal to completely split News Corporation and force the Murdoch family to sell the media company. James Murdoch and a group of News Corporation executives will inevitably become scapegoats and will inevitably face prison in the future. disaster.

In addition, News Corporation also faces huge compensation and sky-high fines.

For example, in the face of the lawsuits of Wiretapping Ronan, Jessica Felton and Relativity Entertainment, News Corporation finally chose to pay US$100 million, US$55 million and US$300 million respectively to reach an out-of-court settlement.

Of course, the wiretapped door is only a temporary settlement. Ronan and Relativity Entertainment will always keep an eye on News Corporation and will not give them a chance to come back.

And after this time, the strength between the two sides has widened a huge gap.

After the deal was actually concluded, Relativity Entertainment and Qianlu Group started negotiations, and began to distribute the interests of the winners.

Likewise, Relativity Entertainment absolutely dominates.

Relativity Entertainment has no intention of cheating Qianlu Group. According to the agreement reached by the two parties, 20th Century Fox will be split. Since the business of 20th Century Fox and Relativity Entertainment overlap in many aspects, accepting it will inevitably lead to a huge waste of resources.

Especially in terms of film production and distribution, except for a few international markets, other aspects have not improved much for Relativity Entertainment.

It is no exaggeration to say that Relativity Entertainment has almost reached the pinnacle of Hollywood in the film industry.

Relativity Entertainment will not completely annex Twentieth Century Fox Films. First, take back the copyrights of all Marvel superhero characters, and search the copyright library and script library of 20th Century Fox. Almost all the copyright libraries are taken away, and the scripts in the script library are also taken away. Nearly one-third were selected preferentially.

Then there is the film library. The copyright of more than 20,000 film and television dramas has fallen into the pocket of Relativity Entertainment.

This huge library resource is the most valuable asset of Twentieth Century Fox Film Corporation.

Winning these also means that Relativity Entertainment has taken back the copyrights of Fantastic Four, X-Men, Daredevil and Deadpool, and all copyrights of the "Star Wars" series have been integrated.

After Ronan checked 20th Century Fox's film library, copyright library and script library, some related film projects can also be included in Relativity Entertainment's future plans, such as "Alien", "Rise of the Planet of the Apes", "Iron Blood" Warrior, Garfield, Chipmunk, and more.

Blue Sky Studios, Relativity Entertainment needs to be stripped off as a whole.

National Geographic, Fox Television and Fox Cable Network have nothing to do with Qianlu Group, and the three will jointly form the Relativity TV Network.

Fox Home Entertainment has two film and television peripheral product distribution departments merged into Embassy Pictures, and Embassy Pictures has done much better than them in other aspects.

Fox Music merged with Relativity Entertainment's Big Machine Records, and Relativity Entertainment has since then owned the industry's leading music recording business.

Fox Searchlight is handled in the same way as Twentieth Century Fox.

Furthermore, Relativity Entertainment got a seat from the Motion Picture Association of America, or MPAA.

From then on, among the names of the six major Hollywood companies, there will no longer be Twentieth Century Fox, but Relativity Entertainment.

And Relativity Entertainment is far stronger than Fox.

With this acquisition, Relativity Entertainment acquired a series of copyrights, the most valuable being the full version of the 20th Century Fox film library. Since then, it has owned one of the four major public television stations in the United States and one of the largest cable TV networks in North America. In the film and television entertainment industry, it has truly mastered the right to speak in formulating rules.

Such as music records, TV production and distribution, news dissemination, variety shows, etc., these relatively weak businesses of Relativity Entertainment have all stepped into the first-class ranks in the industry in one fell swoop.

As long as Relativity Entertainment can successfully integrate these businesses of Fox, it will definitely become the world's top media and entertainment company.

The rest, according to the contract reached by the two parties, all belong to Qianlu Group.

Qianlu Group paid a total of 14.5 billion US dollars, a considerable part of which belongs to the brand value of Fox.

As one of the most well-known and most experienced entertainment brands in Hollywood, the name 20th Century Fox has great value in itself.

Looking at the world, the influence of this brand is also top-notch.

To a large extent, if an entertainment company like 20th Century Fox misses out, Qianlu Group may never have a second chance.

Even though they assumed most of the funds for the acquisition of 20th Century Fox, Qianlu Group and Lin Jian himself thanked Ronan and Relativity Entertainment again and again, because without them, the forces from the East would not be able to grasp Hollywood's first-class entertainment at this stage. industry resources.

Qianlu Group has also gained correspondingly. Needless to say, the label of 20th Century Fox has been "shocked" by the media on the other side of the Pacific Ocean for a long time.

In addition, Qianlu Group also obtained a nearly complete film and television industry system.

Even the remaining part of Relativity Entertainment includes most of Fox's film and television production, publicity and distribution, and peripheral sales systems, as well as a complete Blue Sky Studio.

In particular, international distribution channels are now a business that money cannot buy.

Qianlu Company spends a huge amount of money to earn its income, and it is a film and television entertainment company that is even more powerful than DreamWorks today.

What I have to say is that although Ronan is very rational, his previous experience has more or less affected his choice. When the Eastern film industry gradually entered the fast lane of development, he gave a hard push behind him.

While Relativity Entertainment is at the top of the world, Ronan also hopes that the film industry in the East can rise as soon as possible.

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