"How did you buy Columbia Records?" Xia Tian asked Michelle again.

"I have contacted the record company's executives. They are still quite dissatisfied with our acquisition because Columbia Group's chairman Stephen Palai strongly opposed the sale of the record business. Sony, when he tried to acquire it, rejected the proposal by him and other members of the board of directors," Michelle reported.

"However, Lawrence Texue, the controlling shareholder of Columbia Group, is very eager to sell its record company and cash out, so he is lobbying the board members to hope that they can vote for the sale."

Xia Tian was confused when he heard this, and after sorting it out, he finally figured it out.

Columbia Records is affiliated with the Columbia Group and is one of its most important assets. Lawrence Texue is a well-known American billionaire. He made his fortune by operating a resort and became the controlling shareholder of the Columbia Group in 1986.

However, this guy was not very interested in running a record company, so after becoming the controlling shareholder, he always hoped to sell Columbia Records and everyone would share the money together.

His approach is called "skin peeling and bone removal" by the financial industry, which means that after someone acquires controlling stake in a listed company, he starts selling the company's high-quality assets and then makes a fortune and leaves.

Because they sold all the high-quality assets of listed companies and only some junk assets were left, it was equivalent to emptying the entire listed company, so it was named.

Lawrence Texue did this naturally make Stephen Palai, chairman of Columbia Group, very dissatisfied with this. Because Columbia Records is the best and most core asset of Columbia Group, and can bring hundreds of millions of profits to the company every year. If it is sold, it is equivalent to killing a chicken that can lay golden eggs.

Therefore, Stephen Palai borrowed his prestige in the Columbia Group and joined forces with other shareholders of all sizes to oppose Lawrence Texue's approach and rejected his proposal on the board of directors.

Lawrence Teshu has less than half of his holdings and lacks support from allies on the board of directors, so he can only watch his wealth plan fail. However, he has not given up hope and has been trying to lobby other shareholders.

...

"We need to speed up the time," Xia Tian advised Michelle, "If Columbia Records cannot acquire it, you can also try to acquire Bertelsmann Records, Polygon Records, EMI or Warner Records."

He acquired Columbia Records, on the one hand, to fight with Morita Shaofu, and on the other hand, he also wanted to acquire this world-renowned record company to make up for the shortcomings of his entertainment empire.

Music is one of the most important and cheapest ways of entertainment. People cannot leave music in their lives. People will listen to music when they are happy, people will listen to music when they are sad, people will listen to music when they are bored, and people will listen to music when they are doing things... As long as people listen to music, record companies will make money.

Furthermore, movies, dramas, video games, etc. are also inseparable from soundtracks. Because the United States has strict copyright protection, the prices of these soundtracks are quite expensive.

The licensing fee for a song in a movie is generally 40,000 US dollars, while the licensing fee for a TV series is about 20,000 US dollars.

The songs used for a movie can range from more than a dozen or at least seven or eight. In addition, Columbia Pictures launches at least twenty movies every year, and the total amount of songs alone is a huge expense. If you own your own record company, you can save this money.

So in summer, it is imperative to acquire a record company. If Columbia Records really can't buy it, he doesn't mind buying other record companies first.

As for dealing with Sony, there are opportunities in the future.

As far as he knows, Sony has been unable to keep up with the Internet era. The products it launches are far behind the times, whether mobile phones, mds, computers, digital cameras, etc., and can no longer lead the trend and attract consumers' purchasing interest like when it launched Walkman, Video Recorder, and CD technology.

Therefore, it is not difficult to deal with Sony and teach Morita Shoo a big lesson. Always obsessed with revenge will make one's own development lose its focus and even miss the opportunity for development.

Michelle nodded and wrote down all of them.

...

After winning Blockbuster, Xia Tian formulated a strategy for the company to actively expand.

Within three years, the size of its stores must be increased tenfold.

After receiving this instruction, the senior management of Blockbuster had to send the best salesmen to all parts of the country to actively promote Blockbuster's business model and recruit franchisees.

In addition, Xia Tian also called Hong Kong and asked Tianxia Film to select excellent Hong Kong movies, find the best dubbing team, re-dubbed these movies, subtitled them, and then re-packaged them, and then shipped them to the United States and handed them over to Blockbuster to publish them.

The reason why we select excellent Hong Kong movies in summer is that we mainly want to use these excellent movies to create a good impression for American audiences, so that they can know that Hong Kong movies are very good and wonderful.

After they fall in love with SIPG, they will also enter the bad bad movies in Hong Kong. At that time, these Americans who already like SIPG will accept these bad movies together.

This is just like the strategy of American blockbusters entering the mainland market. The American blockbusters that entered the mainland at the beginning were all great, such as "The Desperate World" starring Harrison Ford, "The Speed ​​of Life and Death" starring Keanu Reeves, "Die Hard 3" starring Bruce Weiris, "The True Lies" starring Schwarzenegger, etc., are all well-known and popular fine products.

After mainland audiences laid the impression that "American blockbusters are equal to good movies", American bad movies also entered the mainland market.

For example, the last two films of the "Transformers" series have little reputation in both the United States and the mainland, and are standard bad movies. However, because the mainland people already have preconceived concepts and believe that American movies are good-looking, they are still rushing to go to the theater to support these bad movies.

After receiving the instructions from Xia Tian, ​​Tianxia Pictures immediately started related work.

Tianxia Pictures now not only produces movies by Tianxia Pictures itself, but also has a library of movies mortgaged by Jiahe and Xinyi City, so the number of movies is as high as 300.

Selecting high-quality products from these movies, then dubbing, subtitles, and re-recording is also a big project. But who would still feel tired if you make money?

...
Chapter completed!