Chapter 471 Global EMI

"You didn't answer my question directly. Why did we acquire a company that is obviously heavily indebted? Do you have any good ways to turn the situation around? Why is Vivendi Group willing to give up its business in the world's second largest music market?"

Yang Cheng stared aggressively at Liu Jianjun, "If you can't answer these questions perfectly, I will not agree to this acquisition!"

Liu Jianjun acted as if he knew this a long time ago, and he had rehearsed all kinds of difficult problems before he came, otherwise he would not have traveled all the way to the United States to scold him.

"Leaving aside the issue of debt, the acquisition of Universal Music's footbath business will allow CY Entertainment to complete a partial monopoly in the Korean and Japanese music circles. Boss, you should also know that footbath is the same as South Korea, their music industry is centered on their own country. But the difference is that the so-called Hallyu is actively expanding to the world to achieve the purpose of cultural export, but the local music of the foot basin does not care about the expansion of overseas markets. Similarly, it is difficult for foreign music to find resonance in the foot basin. In 2019, Taylor Swift and In the Footbasin achieved good record sales.

However, it is precisely the idol groups from South Korea that are special. From the earliest Dongfang Shen to bigbang, Girls’ Generation, etc. in recent years, they have all set off a boom in the foot basin, and also made the Korean and Japanese economic companies that signed these idol groups earn a lot of money. Boman, although CY Entertainment does not produce idol groups, it does not mean that we cannot take a share of this market.

After winning the business of Universal Records, we can not only earn money in the local market, but also sign more Korean artists to make money for us. Not to mention records, a tour concert is enough for us to recover the cost , Don't forget that we are still the second largest shareholder of S-M, so we can make money on both sides.

At present, the subsidiaries of Universal EMI have signed contracts with many Korean girl groups and top female solo singers, including Girls' Generation, APINK, and IU. This is a very good opportunity, and we can use this as a temptation to sign more There are many Korean idol groups, and the local artists signed by EMI are all capable, and the sales of records are very stable. As long as we make a good plan, coupled with the recovery of the global music market, it is only a matter of time before we get out of the quagmire of debt.

In addition, why Vivendi Group voluntarily gave up the world's second largest music market, I guess it is related to cultural conflicts. Their management model is not suitable for the East Asian market that advocates Confucian culture, and the tradition of small Japan is not a day or two Well, both the Vivendi Group and the headquarters of Universal Music are very dissatisfied with this market that has always been independent of the group. It just so happens that they are eager to go public, so it is normal to take the opportunity to get rid of the burden.

Most importantly, once we complete the integration of Global EMI, CY Entertainment will become a new Asian entertainment giant based in the East Asian market. It is completely acceptable to go public, even if there is a slight loss in the footbath market, with the channel of listing and financing! "

After talking so much, Liu Jianjun, who was thirsty, picked up the water cup and drank a few sips. He said everything that needed to be said, and Yang Cheng had to make the final decision.

"300 million US dollars? Is this just a valuation? The final transaction price will go up. This is not a small amount!" Yang Cheng said to himself thoughtfully with his hands behind his head.

However, the scene Liu Jianjun described to him is still very exciting. Today's CY Entertainment has integrated more than half of the Korean entertainment industry, including the actor agency BH Entertainment, the film and television production company N.E.W, and the third largest theater chain in Korea. megabox is also the second largest shareholder of S-M, the largest star-making factory in Korea;

Not only that, but the shares he holds in the super theater chain he cooperated with Jack Ma in Country Z are also listed under the name of CY Entertainment. If the business integration of Global EMI is completed, a brand new Asian entertainment giant will rise. Going public and earning a fortune is a no-brainer, such a future is indeed very attractive.

But the valuation is only 300 million U.S. dollars. Even with the most optimistic 20% premium estimate, the final purchase price will exceed 360 million U.S. dollars. He is not worried about the problem of returning the cost, mainly because he spent such a large amount of cash all at once. It made him feel a little distressed.

Well, Allen is constantly harvesting dollars in the stock market, and the 360 ​​million will be earned back in a few months. There is no way, God is crying because of the recent decline in biopharmaceutical stocks. However, this guy, Allen, played his rogue nature to the extreme and grabbed a lot of empty orders from some small funds, which caused complaints from Wall Street.

But it's not the same, they can only curse a few words to get over their mouths, who dares to come to settle accounts? Allen's greedy appetite has already broken through the sky, wishing to offend more people, and have an excuse to make a lot of money.

Of course, Alan is a rascal. He has always picked soft persimmons. Those giant crocodiles who are not easy to mess with have always stayed away from them, but once they encounter those weak and weak ones who can be manipulated at will, they will be merciless. They opened their bloody mouths, and their sharp teeth wanted to chew their bones. In some public places recently, some employees of small investment companies that have just risen unconsciously avoided 10 meters away when they saw Alan, for fear of being caught by Ai Lun. Lun caught his eye and was eaten alive!

Although it seems a bit cruel, this is the reality of Wall Street, and he is not the only one who does this. How are the giants born? Didn't it gradually swell up by pulling the wool in waves?

Thinking of this, Yang Cheng already had a decision in his heart. He never struggled with making money for too long, and he never lacked the spirit of adventure. However, he was not going to agree immediately. He wanted to teach Liu Jianjun a lesson. Shan, he made such a serious low-level mistake, and he must not fool it without saying a word. If all his subordinates do this, the company will be completely messed up.

In order to teach Liu Jianjun a lesson, Yang Cheng said blankly, "Let's leave it like this today, I will think about what you said carefully, let White arrange a room for you to rest, and I will give you an answer after I think it over."

After finishing speaking, Liu Jianjun ignored the anxious and flustered Liu Jianjun, and went upstairs to the bedroom on his own. Tomorrow, the manor will be cleaned once a month, and he is not allowed to sleep in. It is regarded as welcoming Xu Lingyue's arrival.

According to the flight he booked, he would arrive in Los Angeles tomorrow night at the earliest. Yang Cheng was able to welcome the arrival of the young lady with the best appearance. As for Comrade Liu, he could only wait bitterly. This process of psychological torment, enough to punish him for his misdeeds.