118. ABC(2)
The ABC Broadcasting Group was founded in 1939 and was one of the largest broadcasting groups in the United States.
Not only does it exclusively broadcast the Academy Awards every year, but it also owns ESPN, the largest sports broadcasting station not only in the United States but also in the world, and is a large broadcasting group with more than 10 channels in the United States.
And Hoyoung already knew the future of Disney taking over ABC.
But there was something strange.
“The time for Disney to acquire ABC is not now. Why are you already taking over?’
As far as he knows, the takeover was in 1995.
Now, three years earlier than that.
“I really explained everything. With nothing to hide.”
“I was genuinely surprised. Are you planning to acquire the entire ABC Broadcasting Group?”
“That’s right.”
“The acquisition amount must be unusual.”
Tyrone nodded.
“That’s why we want to attract investment in film production.”
“How much is the acquisition price?”
Tyrone looked around, confirmed that no one was around, and opened his mouth.
“16 billion dollars.”
“That’s a huge amount.”
If it was 16 billion dollars, it was an enormous amount of money, equivalent to 16 trillion won in Korean currency today.
However, thanks to hearing the amount, Hoyoung was able to understand the current Disney situation.
‘When Disney bought it in 1995, it was worth $19 billion. It’s probably not known to the world, but I tried to take over in 1992, but failed because I couldn’t prepare the money due to the film production cost, and I guess I took over in 1995.’
He thought that the price had risen by a whopping $3 billion in three years, and that Disney was probably in pain.
“I don’t think the payment due date is far away.”
“That’s right. So, we are trying to match the acquisition amount by recovering the amount invested in the movie now.”
“Then how much money do you need?”
“First of all, the production cost of the animation that has started production now is about 50 million dollars. And the two feature-length animations that follow immediately cost $100 million each.”
Hoyoung put on a slightly puzzled expression.
“So you’re asking me to invest a total of $250 million?”
“That’s right.”
Tyrone didn’t blink an eye even as he talked about the staggering amount of $250 million.
Hoyoung laughed at his confidence.
However, he had no intention of disappointing Tyrone’s expectations.
“good. 250 million. Let’s invest.”
Tyrone smiled as if he knew Hoyeong would say this.
“Then let’s talk about investment terms. Shall we listen to the conditions prepared by Disney first?”
“Our conditions are simple. As I said earlier, we’re going to spend $250 million on three films. And we give 75% of the revenue from those movies.”
The conditions Tyrone said were not so bad.
The next three full-length animated films to be produced and released by Disney were The Lion King, Pocahontas, and The Hunchback of Notre Dame.
The Lion King grossed a whopping $800 million, and Pocahontas and The Hunchback of Notre Dame grossed a combined $700 million.
If you put the two together, you would get $1.5 billion, plus a whopping $1.1 billion at 75%.
It is true that it was a huge amount, but that amount did not satisfy Hoyoung.
“It would be difficult to invest under such conditions.”
“We thought it was a reasonable ratio. 75% is mostly net proceeds minus operating expenses.”
“do not misunderstand. I think the ratio is reasonable.”
“Then what’s the matter?”
Hoyoung shrugged and replied.
“The cycle of making a movie at Disney is two years at the earliest. Then I will not receive any proceeds for a long time, at least six years.”
“But the movie’s return in two years’ time should pay off all the investment.”
“How can you be sure of that?”
“that···.”
Tyrone couldn’t answer Hoyoung’s question properly and was speechless.
Hoyoung saw this and laughed inwardly.
In fact, since the Lion King, which will be released next at Disney, has a profit of $ 800 million, it was actually possible to recover the principal right away next year.
But Tyrone, who had no way to know that, became a dumb drunk.
“I know that the original investment always has to be done with risk. But I am not willing to invest such a long time. I don’t know if it’s two years.”
“So, are you saying that you will only invest in the production cost of the next movie?”
“It is not.”
Hoyeong continued after drinking a cocktail.
He had simply had a drink, but Tyrone was a little impatient, perhaps thinking he was wasting his time.
“We invest $450 million by increasing $200 million to the $250 million I just said.”
“450 million?! We don’t need that much.”
“Please listen to the end. How much money do you need to produce the very next animation?”
“We will need about 50 million dollars.”
“Then I want to invest $50 million on the next movie right away, and then invest the remaining $400 million in acquiring ABC.”
Tyrone’s eyes were very shaken because Hoyoung made a completely unexpected proposal.
“that···.”
“You said $16 billion. So if it’s $400 million, give me 2.5%. And since the next movie is fully invested, please distribute 75% of the proceeds as you said earlier.”
Tyrone was speechless for a long time.
“Are you sure you want to be part of our bid to acquire ABC?”
“That’s right.”
“Then this is out of line for me.”
“You don’t need to hear the answer right now. You can contact us after slowly discussing with the company.”
Hoyoung said calmly.
Tyrone gulped down the drink like water, as if thirsty.
“I never thought of a situation like this.”
“I never dreamed that I would be talking about something like this today.”
Tyrone looked at Hoyoung’s smirk and ended up laughing.
“ha ha ha! Again, my intuition was not wrong. You are such a wonderful person.”
Hoyoung made a puzzled expression.
Come to think of it, I thought this was the first time I’d seen Tyrone smile today.
Tyrone chuckled a little more before opening his mouth.
“Even though I’m only in charge of Pixar right now, I have a little bit of influence in the company.”
“I see.”
“I will try to accept the investment offer as much as possible. Currently, our headquarters is doing its best to acquire ABC Broadcasting Station. It’s literally a situation where I miss 1 dollar. In this case, the acquisition fund of $ 400 million will be a tremendous force, although the ratio is only 2.5%. The company will definitely not turn it down.”
“Thank you for a good look. Please take good care of me.”
Hoyoung bowed her head slightly.
He looked up and took a peek at Tyrone’s face. It was much softer than before.
“It’s late tonight, so I have to talk to the company tomorrow anyway, so I’m wondering if it’s okay to drink something more comfortable today?”
“sure. It is what I wished for.”
Hoyoung and Tyrone started drinking in earnest.
Tyrone had been sipping as if he didn’t like alcohol until a moment ago, and when he finished talking about work, he almost started pouring.
It was to the extent that Hoyeong, who had never lost much in terms of alcohol, stuck out her tongue.
The two chatted over drinks, mixing casual chatter and work.
Tyrone, who seemed blunt on the one hand, turned out to be quite a gentle person when alcohol was involved.
Hoyoung shared a drink with him late into the night.
.
.
.
They met again two days later at Pixar.
“Did Tyrone have a good day?”
“When I came to my senses, it was a house.”
“I’m glad you got in.”
Hoyoung heard on the phone yesterday that he had received an ok investment contract from Disney.
When I asked to talk to him face-to-face, he said he couldn’t go to work yesterday and asked to see him today.
“How was the contract prepared?”
said Tyrone, handing over a stack of papers.
“It was faxed this morning. Review it, just sign it.”
Hoyeong received a stack of documents and began to read them slowly, turning over one by one.
Usually, this kind of contract is carried out by Smith, but since it is too far from Dallas, it is not possible to ask Ho-young to fly to this place every time, so Ho-young decides to carry out the contract himself.
“Hmm···. First of all, there is no poison clause, and it matches what we talked about the day before yesterday.”
Hoyeong, who had carefully reviewed the contract for a long time, said as she signed it.
“I have no intention of cheating or cheating with the contract.”
“I didn’t mean that.”
Tyrone also took over the contract, carefully checked Hoyoung’s signature, and put the contract in his bag.
He even held out his hand.
Hoyoung also held his hand with a bright face.
“Congratulations. You have officially become a Disney partner.”
They didn’t hesitate to bring up the word congratulations just for partnering up.
At first glance, it could look arrogant, but Hoyoung knew that it was because of his confidence that he was Disney.
“Congratulations to you too, Tyrone.”
“haha. By making a good deal?”
“no. It was the link that first connected me with Disney. In just a few years, it will be your great career.”
Tyrone realized at once what Hoyoung meant and laughed out loud.
He thought that Hoyeong was a wild man, but on the other hand, he thought that Hoyoung could really do as he said.
“okay. Please do so. Then, I will treat you to a meal with something truly amazing.”
“haha. I look forward to it.”
After finishing the contract with Disney, Hoyoung returned to the hotel and prepared to return to Korea.
When Hoyoung stopped by Blizzard, he thought he had gained more than he thought.
Aside from investing in Toy Story and The Lion King, it sought a 2.5% stake in the ABC Broadcasting Group.
The stake in ABC Broadcasting Group is a stake that cannot be bought with money.
However, Hoyoung thought that this 2.5% stake could be really useful in the future.
‘This 2.5% will be a practical knife in the internal struggle for management rights in the future.’
A few years later.
When internal divisions arose within the ABC Broadcasting Group and frantic efforts to collect even 0.1% more voting rights, Hoyoung’s share would shine.
‘Then ten times? No, 30 times the price is well worth jumping.’
Hoyoung decided to wait for that time.
Hoyeong put all her belongings in her travel bag and lay down on the bed.
This momentary leisure to enjoy until just before departure with all the luggage piled up.
Hoyeong liked this leisure.
And the reason why this afford is good is because I have a house.
He remembered his family and seniors.
I felt like I had been in America for several years, perhaps because I had a lot going on.
Hoyoung lies down and falls asleep…
thiririri-
Just as he was about to fall asleep, Hoyoung opened his eyes to the sound of the phone ringing.
“Hello?”
– Hoyoung? I’m sorry.
“Shigeru?”
The person who interrupted Hoyoung’s nap was Nintendo’s Shigeru Miyamoto.
“What are you calling about?”
– Isn’t Hoyoung asking me something? I called to fulfill that request.
“Could it be that the Japanese Communications Agency has already responded?”
– That’s right. They ask to set up a meeting even the day after tomorrow.
“Good. You really worked hard. We will repay you next time. Then, I will have to tell Senior Jujeong to go to Japan soon.”
– Well···. However, the Korea Telecommunications Agency set a condition for the meeting.
“Meeting conditions? What conditions?”
– He wants Hoyoung to come to the meeting. Definitely. He says he won’t have a meeting unless Ho-yeong goes.
Hoyoung was puzzled.
The Communications Agency said they wanted to go see him.
“Well···. Then, let’s see if we can change the ticket to Korea to Japan.”
– yes. This is Tokyo, Japan.
“All right. Thank you for caring me. We will contact you again as soon as we get tickets.”
– Enough then.
After ending the call, Hoyoung let out a laugh.
Rest, too, did not suit him.
“Procrastination! I think I need to change my plane ticket!”
Hoyeong called Miru on the mobile phone and briefly explained the situation.
Then, Miru didn’t say anything about it, just replied that he knew.
