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Transmigrated To Blue Star, With Only Three Days Left To Live

Transmigrated To Blue Star, With Only Three Days Left To Live

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Chapter 660: Want to sell yourself cheap?

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Chapter 660: Want to sell yourself cheap?

It turned out that the purpose of his staying was to sound out Su Yu and Tianxing Entertainment's intentions regarding a potential expansion into Hollywood.

If they still harbored such an ambition, MGM would undoubtedly be a good choice.

This was because the various shareholders within MGM were now struggling to hold on, each hoping to extricate themselves from this quagmire.

Especially after Su Yu's previous collaboration with Disney on 'murder on the orient express,' which did not include MGM, the MGM shareholders, who had held a glimmer of hope for a turnaround, were once again plunged into the abyss of despair.

While there had been no hope before, several collaborations with Su Yu had allowed MGM, despite its small stake in the projects, to genuinely taste success and gain considerable benefits.

Now, with this profitable collaboration suddenly interrupted, MGM's ability to generate its own revenue once again left its shareholders feeling desperate.

This led the vast majority of shareholders to entertain the idea of selling MGM, even if the price was low.

They only wanted to use the cash from their liquidated shares to improve their lives or reinvest in other more promising projects.

No one wanted to sink with MGM; after all, they had no deep affection for the company's iconic lion's head.

Upon hearing this, Su Yu actually had little interest in this aging 'lion.'

Initially, Tianxing Entertainment had its sights set on Lionsgate Films, but the negotiation process was not smooth.

As for whether to restart the acquisition plan now, Su Yu had indeed never seriously considered the matter before.

However, judging by Parker's tone, MGM's shareholders were eager to divest, which might truly be a good opportunity for a low-price acquisition?

"I am not a professional in this area, but I will convey your proposal to the head office and let them deliberate on it," Su Yu did not give a direct answer.

After all, for such a significant business decision, it was more appropriate to leave it to a professional team.

Moreover, no matter how low MGM was sold, its valuation would not be less than 4 billion US dollars, and he dared not make a decision on behalf of Tianxing Entertainment's board members and executives.

Even if these executives and board members would not say much.

"Understood! Then I eagerly await your company's reply! I assure you, we are absolutely sincere this time, without any falsehood!"

As Parker left, he once again emphasized with solemnity, his eyes revealing an unquestionable resolve.

From his eager attitude, it was not difficult to see that MGM's current situation had become extremely dire; they were like a lone boat adrift in a storm, desperately needing a strong and wealthy savior to rescue them.

This ideal savior not only needed immense wealth to quickly inject much-needed capital into MGM and alleviate its broken capital chain crisis but, more importantly, also needed strong content creation and output capabilities.

In today's fiercely competitive film and television market, content is king; only with continuous production of high-quality film and television works can MGM regain its vitality and firmly establish itself in the market.

After careful deliberation and repeated consideration, MGM's shareholders and executives unanimously agreed that the most suitable "savior father" was none other than Tianxing Entertainment, where Su Yu worked.

Although Tianxing Entertainment came from distant China, its strength should not be underestimated.

Its market value had now reached 35 billion US dollars, nearly ten times that of MGM's market value.

Such strong economic power undoubtedly made MGM see a glimmer of hope.

Now, everything depended on whether Tianxing Entertainment had the intention to acquire MGM.

After Parker left, Su Yu pondered for a moment, then dialed Han Jianhua's number.

When the call connected, Su Yu concisely and thoroughly informed Han Jianhua about MGM's proactive search for an acquisition.

"Su Yu, what are your own thoughts? Our company currently has two directions to choose from: one is to maintain the existing model, cultivate the Chinese market deeply, and tap into its potential; the other is to officially enter Hollywood and expand our international market presence. On this major decision, the company will fully respect your opinion. After all, even if MGM is successfully acquired, the company might be able to provide financial support, but in core content creation and operation, we will still primarily rely on you."

Han Jianhua had been living a very comfortable life recently, and his overall state was becoming more relaxed and at ease; even his former ambition and drive had unknowingly faded somewhat.

This was not because he had become complacent or no longer wanted to strive, but rather because his daughter and son-in-law were so outstanding, repeatedly achieving great successes in their careers, allowing him, as an old father and father-in-law, to finally breathe a sigh of relief and enjoy the fruits of victory.

After listening to Su Yu's detailed account, Han Jianhua did not immediately express his stance but instead threw the question back to Su Yu.

He knew in his heart that for such a major decision concerning the company's future development, if Su Yu had any internal resistance, the entire plan would lose its meaning.

Conversely, if Su Yu intended to acquire MGM and planned to make a big splash in Hollywood, the company would go all out and provide the most steadfast support.

"Since that's the case, then send the company's professional team to begin acquisition negotiations with MGM! At that time, I will provide some high-quality content and projects suitable for local filming, based on the characteristics of the Hollywood market. Our Tianxing Entertainment currently does not have its own physical company in Hollywood, and many things are indeed difficult to accomplish, so acquiring MGM might be a good opportunity to open up the situation."

Su Yu did not hesitate at all, nor did he feign modesty by deferring; instead, he very straightforwardly stated his thoughts.

In his opinion, this was a rare opportunity; if MGM could be successfully acquired, Tianxing Entertainment would be able to gain a foothold in Hollywood and further expand its international business.

"Okay, no problem! I'll start preparations right away and hold a shareholder meeting shortly to discuss the specific acquisition matters. This time, I plan to send Uncle Wang and Jiang Xue together to be responsible for the acquisition-related affairs; they are experienced and reliable. All right, it's getting late where you are, so get some rest and don't overwork yourself."

After hearing Su Yu's decision, Han Jianhua said no more and quickly made arrangements.

As for holding a shareholder meeting, in his mind, it was merely a formality.

After all, with Su Yu's position and influence in the company, his decisions often had a decisive effect, and if this acquisition were successful, it would undoubtedly be a beneficial endeavor for the company's future development with no downsides; he believed the shareholders would all unanimously approve it.

Time flew, and in the blink of an eye, it was September 4th, the day the highly anticipated 'murder on the orient express' commenced filming as scheduled.

Just as Su Yu had predicted, the scene was bustling, with numerous film companies coming to show their support.

Paramount, Fox, Universal, Sony, Warner, and other top-ranking Hollywood film giants all sent representatives without exception.

Even Bob, the CEO of Lionsgate Films, personally attended.

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