Chapter 458 Borrowing the East Wind
People in this world who can reach a certain position must have certain abilities. Even if they are not the kind of human beings, they definitely have basic abilities. Even if they have a temporary blessing, as long as they reach a certain position, they will definitely be able to obtain things that ordinary people do not know.
Just like climbing a mountain, you see something completely different from the top of the mountain. You may see fog at the bottom of the mountain. You can't see clearly what the road ahead is. But after reaching the top of the mountain, everything is just a scene in front of you.
As the head of Starz pay TV, Hess climbed up step by step and worked in multiple departments. To be honest, Starz TV can survive in time and other pay TV stations, as well as Fox TV, Columbia TV and other places. Until now, Hess' contribution is definitely one of the key points.
This time Renren Film and Television proposed cooperation, and Hess responded immediately, just to change the situation of Starz TV. If Starz TV does not make any changes, no one can tell what it will be like in the future.
Hearing Robert Kingsso's words at this moment, Hess immediately looked at Chen Chu. Hess, who had just finished eating the Sichuan dishes, felt like there was still a flame in his body.
"What kind of cooperation does Renren Film and Television want?" Hess glanced at Robert Kingsso, then looked at Chen Chu.
Robert Kingsso looked at Hess and said to him, "Renren Film and Television wants to invest in Starz TV. For this reason, we are willing to provide generous conditions!"
Hearing this, Hess didn't have much surprise expression on his face, as if he had expected it, which made Chen Chu a little curious.
Hess gently tapped his head with his finger and said to Chen Chu and Robert Kingsso, "If I don't guess, is Renren Film and Television also going to acquire a film company?!"
Robert Kingsso couldn't help but look at Hess, wondering how he guessed Renren Film and Television's plan. Seeing the expressions of others, Hess smiled and said, "Actually, this is not difficult to guess. Just think about it from the perspective of others and you will understand. Renren Film and Television needs channels!"
Chen Chu felt like he was looking at Hess with admiration. Hess was probably more capable than they imagined.
"What about you think?!" Chen Chu asked directly to Hess.
"I agree to the acquisition!" Hess said directly in front of Chen Chu's gaze, "Starz TV is too weak compared to other TV stations. If anyone invests in film and television, it will be a good thing for Starz!"
"However, this matter is not something I can decide!" Hess said without hesitation.
Chen Chu glanced at Du Jianzhao and Robert Kingsso a few times, then said to Hess, "How much money does Renren Film and Television need to invest in Starz?!"
"It's not a problem of funds. Although Starz's shareholders are not much money, in states such as Colorado, they are all banks, consortiums, etc. Funds are not the main restrictions on Starz. What Starz needs is to expand its influence!" Hess explained to Chen Chu.
Although paid TV stations rarely broadcast news, they actually have a position, and they are subtle positions, doing some publicity for some North American groups.
"I understand!" Chen Chu looked at Hess and said, "If Renren Film and Television wants to invest in Starz TV, we are willing to co-produce TV series projects with Starz TV. Renren Film and Television can promise to increase the ratings of Starz TV by more than 40%!"
Hess looked at Chen Chu deeply. He didn't know how Chen Chu had such a belief. Even H Bo and several other major film companies couldn't guarantee such a thing!
Chen Chu was not worried that the "Breaking Bad" filmed by Renren Film and Television and Starz is enough to increase Starz's ratings by a few percentage points. If it is not enough in the future, Renren Film and Television can directly buy the copyright of "Game of Rights" and start to use this big move, plus a large number of TV series such as the "Drug Lord" series, House of Cards, and the Walking Dead.
If Starz TV cannot surpass H wave in this way, then Chen Chu is willing to invest and admit defeat. There are still more than ten years left, which is enough for Renren Film and Television to create a film and television platform with super high ratings and reputation.
"Renren Film and Television requires a 35% stake in Starz TV. If Renren Film and Television can meet this requirement in the future, Renren Film and Television requires a shareholding ratio of more than 60%!" Chen Chu said to Hess.
"If you lose, Renren Film and Television will return all its equity to the original shareholders!"
Hearing Chen Chu's words, Hess glanced at the others. Robert Kingsso wanted to speak but stopped, but he didn't say anything. Du Jianzhao sat aside, as if he closed his eyes and rested, and did not say anything to Chen Chu's words.
"I will report it to the shareholders of Starz TV. I hope to strengthen cooperation with Renren Film and Television!" Hess said to Chen Chu.
After Hess left, Robert Kingsso looked at Chen Chu and said, "Boss, you are really sure that the future ratings of Starz TV's paid users will reach more than 40%?!"
Now the coverage and viewership rate of Starz paid users are generally maintained at 21%. This number is not small, but it depends on who it compares with. At least it is not worth mentioning, and it is not even considered a competitor!
When Du Jianzhao and Wu Xingdao heard Robert Jinsuo's words, he couldn't help but smile, which made Robert Jinsuo feel a little puzzled.
Du Jianzhao and the others have never been worried about the betting agreement issued by Chen Chu. Whether it is the betting agreement with Microsoft or the betting agreement with others, Chen Chu has never missed it.
"I will know whether it can be done or not. Even if we can't do it, we won't lose much. Starz originally did not belong to Renren Film and Television!" Chen Chu said to Renren Film and Television.
As soon as he turned around, Chen Chu looked at Du Jianzhao, Robert Kingsso and others and said to them, "How is the financial situation of Renren Film and Television now?"
Renren Film and Television is basically walking the tightrope now. Chuke Technology and Renren Technology, the investment in Renren Film and Television is basically the early start-up capital, and all the subsequent funds are borrowed!
That is, if Renren Film and Television is in poor business conditions after it goes online, or if there is a problem with the investment project, Renren Film and Television will almost collapse in an instant when it builds a huge platform!
"Recommended by KPCB Venture Capital and Goldman Sachs, Renren Film and Television borrowed a total of US$410 million from Wells Fargo, Citibank, and UBS, and repayed it in three years. In addition, in Asia, Renren Music is used as collateral, Renren Film and Television borrowed more than US$120 million from Standard Chartered Bank and Yanjing Development Bank respectively. There is no need to worry about the funds in this regard!" Robert Kingsso's face was filled with worries.
Without joining Renren Film and Television, he didn't know that Renren Film and Television was so good at playing. He was almost completely making a fuss. He had complete capital operation. Except for the fact that Renren Film and Television and Chuke Technology jointly invested 60 million US dollars, the rest were all empty.
Then I started borrowing directly from the bank. Although it was not news for film and television companies to borrow money from the bank, it was like shooting a movie and investing more than hundreds of millions of dollars, even film companies such as Disney and Columbia would inevitably have some difficulty.
This is when the project is established, then the movie project is mortgaged to the bank, obtain funds from the bank, and then continue shooting. This is a common routine.
The basic principle is the same as real estate operations. The only difference is that real estate mortgages to the bank. The film company mortgages to the film projects. Both are similar and both belong to capital operations. This is why the film industry and others say whether it can develop depends on whether the official supports it. Support will give loans. If you don’t support, you won’t get a loan!
But if you know how to play, Robert Kingsso didn't expect that Renren Film and Television could play so much, almost entirely because it was relaying loans. The key was KPCB and Goldman Sachs venture capitalists were willing to guarantee Renren Film and Television, and banks actually dared to lend money. This is the most surprising thing!
However, if you think about it carefully, you can understand that Goldman Sachs and KPCB venture capital, if you want to say how optimistic about Renren Film and Television is, it may not be necessary. In fact, you are still betting on Renren Technology and Chuke Technology.
As long as these two companies are in, Renren Film and Television will not collapse. Even if it collapses, Renren Technology and Chuke Technology will finally support it. At worst, Renren Technology will be able to repay the money slowly.
As for Renren Technology not to pay back money, Goldman Sachs, KPCB, Wells Fargo, Citibank, etc. can laugh and make pigs scream when sleeping. Facebook, Renren Music, SG Games, Oriental Net, Autohome and other high-quality assets are all there. They want Renren Technology not to pay back money for Renren Film and Television. They have a way to exchange Facebook for Renren Film and Television. That is not a problem of making a little profit, but a profit is almost crazy!
If Renren Film and Television can succeed, then Goldman Sachs, KPCB and others will not lose money. They have priority investment rights. In the future, when Renren Film and Television develops, they will be responsible for underwriting shares when it goes public, and they will still make a stable profit and not lose money.
As for Asia, Standard Chartered Bank and Yanjing Development Bank are even less afraid. Renren Music is collateral. How big is the ringtone market now? It is nearly 10 billion yuan per year. The entire ringtone market is prosperous. The little money borrowed is nothing at all. They want to borrow more and repay the money slowly, so that they can charge more interest for a few years.
"Is Renren Film and Television's funds enough?!" Chen Chu asked Robert Kingsso. Renren Film and Television in Asia has completed the establishment of the film and television copyright library. Now it depends on Europe and the United States. It is a test for Renren Film and Television's financial reserves.
Robert Kingsso nodded and said to Chen Chu and Du Jianzhao, "It should be enough. The cooperation between Renren Film and Television and Film and Television companies is all paid in installments. The financial pressure that Renren Film and Television needs to bear this year is not great!"
Chapter completed!