Heads Up Hollywood

Chapter 470 Jobs' decision

Michael Eisner publicly bombarded Apple as a promoter of piracy in Congress, and the incident instantly exploded in Hollywood and Silicon Valley.

Apple's share price fell from $15.85 that day to $13.45, a drop of more than 14.5%!

Sandwiched between Silicon Valley and Hollywood, Tang En was inconvenient to express his opinion on this matter, but treated him coldly.

Michael Eisner vacillated between commitment and power, which seriously affected Tang En's interests.

Twain originally wanted to put pressure on Disney through Pixar to teach Michael Eisner a lesson, but he didn't expect that Jobs would not agree to break with Disney at this time.

Even Jobs and Michael Eisner had a terrible relationship!

Unexpectedly, in a turn of events, Jobs had let him go, but Michael Eisner had a brain twitch and accused Jobs in Congress. This is self-inflicted and dead!

Although in the previous life, Jobs chose to forbear after being furious and continue to cooperate with Disney, but in this life, Tang En is sure that Jobs can definitely make a different choice——

First, Tang En is the major shareholder of Apple and the biggest supporter of Jobs, so he has the power to restrain him;

Second, although Disney can create the biggest profit margin for Pixar, Tang En is more sincere and has more authority in the film field. Even if Pixar's profits will be damaged in the short term, from a long-term perspective, cooperation with Tang En is the future of Pixar;

Third, Apple's stock price has grown steadily over the past year. In addition to the release of the iPod, Tang En has also continued to absorb stocks, which is also indispensable. Jobs is grateful;

Fourth, Disney is a Hollywood company, but Tang En can open up the relationship between Hollywood and Silicon Valley, which will help Apple and Jobs have a buffer zone in the piracy storm;

Fifth, Jobs has a bad temper! In his previous life, he chose to forbear. In this life, he has more Tang En by his side, with Tang En helping to buy out the contract with Tang En, and with Tang En helping to release movies, Disney is no longer his only choice.

To sum up the above five points, Tang En was confident about this matter, and waited for Jobs to contact him proactively, and then launched a counterattack.

Sure enough, four days later, Dunn received a call from Jobs.

"Twain, I've considered this matter for several days and decided to support you!" Jobs' voice was a little hoarse on the phone, obviously not having a good rest.

Tang En's voice was a bit awkward, "Support me? Support me for what?"

Jobs said angrily: "Okay, Dunn, you must understand what I'm talking about. We should join hands in this matter!"

Tang En laughed a few times, "Steve, I told you a long time ago that Eisner is the best at stabbing in the back. It was a very bad decision for you to cooperate with him! Fortunately, you finally woke up. "

Jobs sighed, "I just want to keep Pixar's stock price safe."

Twain could also understand this.

If Pixar chooses to buy out the contract and suspend its cooperation with Disney, Pixar's stock price is likely to collapse. Even if the new partner is Tang En Pictures, it will be difficult to regain investors' confidence.

There is a big gap between the influence of Disney and Tang En Pictures in the animation industry!

"I'm a shareholder of Pixar, and I will definitely guarantee the stock price of Pixar!" Tang En said firmly, he wanted to give Jobs a reassurance.

"Huh?" Jobs frowned.

Tang En said: "I told you that I want to acquire Universal Pictures, uh... even though the procedures will be more complicated, but I have a very close relationship with Universal, and I can fight for a distribution agreement for Pixar that will help stabilize Pixar's stock price. Tang En Pictures The movie is handed over to Universal Pictures for distribution, and the commission is only 10%!"

"10%?" Jobs shook his head disapprovingly, "Twain, what you're talking about is a live-action movie, and Pixar produces cartoons. Cartoons have more room for peripheral development than live-action movies."

According to Hollywood's practice, the distributors of cartoons, a film type with high peripheral property rights, usually ask for more interest demands.

Tang En said with a smile: "Do you think that the peripheral output of "Spider-Man" will be less than that of Pixar's cartoons? Steve, I said, I can give you what Disney can give you; what Disney can't give, I can give it too!"

Jobs said: "You don't need to say, I have decided. I have notified Pixar's legal department to start negotiations on the distribution contract between Pixar and Disney, and I will buy out the contract."

"That's right! What I said before still counts. I will pay for the buyout fee!" Tang En heaved a sigh of relief, as if seeing the banknotes that originally belonged to Disney, rolling towards him.

Of course, not only Pixar, but also the batch of classic cartoons mastered by Disney!

Jobs was silent for a long time before he said slowly: "Twain, to be honest, Disney is still Pixar's best partner at present. I don't think you have the ability to maintain the stability of Pixar's stock price."

Tang En's face changed slightly, "What do you mean?"

"Let's talk face to face, go to Pixar?" Jobs hesitated to speak.

Tang En frowned slightly, "Is it necessary? The matter now is very simple, I pay the money, and only need Pixar to end the contract with Disney!"

"No, I have to be responsible for all shareholders of Pixar!" Jobs paused for a moment, "I can't implicate another listed company because of Apple's problems. This kind of related operation will greatly reduce the confidence of investors. You You know, my credibility on Wall Street ... is low on its own, and I can't lower my expectations any further."

Tang En was silent for a while, "Alright, see you at Pixar headquarters tomorrow morning!"

...

"What?"

In Pixar's president's office, Tang En was surprised when he heard Jobs' words. Even John Last, who was beside him, opened his mouth in shock and was speechless.

Jobs shrugged lightly: "This is my final decision, and I am also confident that I can convince all shareholders of Pixar to accept my plan."

John Last was a little dazed, "Steve, you should understand that Pixar...has a broader prospect! Although the stock price of Pixar is very high now, and the PE exceeds 60 times, we are a company with both technology and animation. movie company."

Tang En was also very uneasy, and asked in a low voice: "Steve, such a decision...Of course I agree, but as a friend, I can also tell you responsibly that the current stock price of Pixar is undervalued."

John Last added, "Yeah, we could have waited a few years before making such a decision!"

"No!"

Jobs' attitude was very firm, and he would not change his determination. He was a bit like venting his anger after being kicked out by Apple, "Selling Pixar to Dunn Pictures will be more in line with Pixar's future development! Pixar has been my painstaking effort for more than ten years, and I hope its future will be even better!"

That's right, Jobs wanted to sell all of Pixar to Dunn!

In order not to affect the stock price and his related reputation on Wall Street, Jobs made a very bold decision!

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