Chapter 226 Start the acquisition of Miramax(3/3)
Although I had never encountered any problems with film and television companies in charge of negotiations before, the general model of acquiring the company was not different, so after a night of familiarity, Luther knew what rights to fight for.
"Mr. Harvey, we need to know the specific situation of Miramax Film and Disney now? For example, the company's equity structure, what terms and conditions need to be paid attention to.
As you said before, you have the terms and conditions that can recycle Miramax,” Luther asked.
"Yes, this is there. Now Miramax is a Disney subsidiary, but it is not a wholly owned subsidiary, but a company with independent operating rights.
Disney now owns 65% of the shares, our brothers own 35%, and the film source library has more than 800 videos.
There are some high-value film copyrights, such as "Scream", "Very Little Spy", "Pulp Novel", etc. This is the list of the film source library."
Bob Weinstein stood up and handed over the documents to Chen Tian. Harvey Weinstein waited for Luther to continue speaking.
"We want to acquire Miramax in full, and now you have this regulation. After the acquisition, you will own the operating rights and even have shares as you do now. This is not a problem."
Harvey Weinstein has long considered this issue. The conditions offered by Disney for them were raised last night to take over 35% of their shares in US$100 million, while allowing them to obtain the operating rights of Dimen Film Company, a subsidiary of Miramax, and allowed them to operate Dimen and Miramax to maintain their original cooperation projects.
Michael Esner offered this condition because he was really fed up with the Weinstein brothers, and if the Weinstein brothers agreed, it would be a profit for Disney.
"We want to retain 20% of the shares. The original 15% of the shares we have to provide $50 million after you acquire them. In addition, our salary is expected to be in accordance with the previous standards.
…” Harvey Weinstein will bring out the ideas of his two brothers one by one.
Luther carefully recorded it, while Chen Tian and Ellison brothers were seriously thinking about the feasibility.
Twenty minutes later, Chen Tian and Ellison siblings came up with the latest ideas, and both sides kept working together with their ideas.
An hour later, the two sides finally reached an agreement.
The Weinstein brothers will agree to the Chen Tian and Ellison brothers coming forward to negotiate with Disney, and they will continue to take charge of Weinstein after the successful acquisition.
However, Chen Tian will become the company's president and has a certain veto power and decision-making power. At the same time, if there is any difference with the Weinstein brothers, the board of directors will vote, and the Ellison brothers and the Weinstein brothers will both become members of the board of directors.
The Weinstein brothers still have a good impression of Chen Tian. I believe Chen Tian will not do anything randomly. More importantly, they are particularly confident in Chen Tian’s gaze in the film.
Moreover, Chen Tian now has several film plans, which are the first valuable assets to acquire the new Miramax once he succeeds in his acquisition.
The Harvey Weinstein brothers just left the hotel and met a reporter who was squatting at the door of the hotel. They were very interested in the Weinstein brothers, a person with a considerable say in Hollywood, appearing here, especially the news that their brothers and Disney have been in dire straits recently.
"Harvey Bob, are you here to meet Justin Chen? Or is there anything else? I heard that it is true that you and Disney are going to break up officially?"
"Do you want to re-establish the company yourself? Or will you stay at Disney?"
"There are rumors recently that once you leave, many senior executives of Miramax will leave. Are these things true?"
...
Facing the four or five reporters surrounding him, the Weinstein brothers were not dissatisfied with it. All they wanted was to release the news.
Harvey Weinstein said with a smile: "Yes, we will leave Disney, but we will not leave Miramax. Miramax is our hard work."
"Don't leave Miramax? Are you going to take Miramax back from Disney? There are rumors that you are negotiating the conditions for leaving?"
"Yes, we were in talks at the beginning, but now we have just made a new decision and we will open our recycling clause and we will take back Miramax."
As soon as Harvey Weinstein spoke, several reporters immediately became excited.
Although Weinstein has considerable rights in Hollywood, he does not have much capital, and they must find a good investor if they want to recycle it. They want to know who the investor is.
"I know you must want to know the source of our funds. You must be familiar with this person. I think it should be the reason why you stay here." Harvey Weinstein said with a smile.
"The reason for staying here?" Several reporters exchanged their eyes. They stayed here because of the crew of "The Queen of Prada". They would follow the crew to shoot.
As a result, the crew members said that it was on holiday today, but the big guys they wanted to know had not come out yet, so they kept here.
"Is it Justin Chen?" a reporter asked in confusion.
"Congratulations, I got the answer right, it's Justin Chen, but it's not him alone, and there's Oracle.
We will work with Justin and Oracle to try to get Miramax away from Disney as soon as possible.
That's all we can say, thank you!" Harvey Weinstein left the hotel with Bob Weinstein.
The Ellison brothers and sisters also left the back door of the hotel, and they would return to Los Angeles almost with the Weinstein brothers.
The negotiations with Disney will officially start tomorrow, and several people are mentally prepared for the negotiations.
With the help of the Weinstein brothers, Miramax's value is more clear.
Chen Tian will stay in New York to continue the filming of "The Queen of Prada" and then wait for good news.
As long as the negotiations are made there, Chen Tian will need to return to Los Angeles to handle some matters.
When Chen Tian returned to the hotel room, he felt more stressed.
Once the acquisition is successful, it is important for Miramax to have a good start.
Chen Tian estimated that this acquisition negotiation would be possible in two or three months. If this happens, it would just happen to be the beginning of the summer vacation period.
If "The Heart Fallen" is released first, Chen Tian is not sure to get a good start, so Chen Tian is preparing to release "The Queen of Prada" first.
Thinking of this, Chen Tian felt a little sorry, Eric Lomis and Tom Thorneberg and his other old friends.
They were still waiting for Chen Tian to hand over the issuance rights to them, but if it really didn't work, they would issue it together. Chen Tian didn't know what their reaction would be when they heard the news that they wanted to do it alone.
Looking at the bustling New York from the floor-to-ceiling window, Chen Tian let out a sigh of relief, returned to the computer and calmed down to continue writing the script of "Prison Break". (To be continued...)
ps: Nine thousand words, let me tell you something. Xiao Ai will start working in Beijing next week, and he can only write in his spare time in the future!
So it is not easy to update and explode. It will be updated at most 7,000 or 8,000 yuan a day, so I hope everyone understands it.
Beijing is under great pressure, but there is no way, Xiao Ai decided to fight!
Chapter completed!