"If you acquire, do you have a specific goal?" Xia Tian asked Robert Egg immediately.

"I think MGM Film Company is very valuable for acquisitions," Robert Eiger said immediately.

MGM Pictures has had a tragic fate over the years. In 1986, it was sold to Ted Turner by Kirk Kerryan for $1.45 billion.

After Ted Turner took over, he quickly dismembered MGM, and except for the film library that left behind, all the remaining assets were sold.

Kirk Kerryan then bought MGM's remaining assets for $780 million. In 1990, Kirk Kerryan sold MGM to an Italian consortium headed by Garnero Perreddy for $1.3 billion.

But in 1992, Perredy was sentenced by Fate to obtain control of MGM by fraud, and then French banks auctioned MGM again.

Kirk Kerryan, former Paramount Chairman Frank Marcuso and Australian Daliya consortium Qixi Media jointly invested $2.5 billion to acquire MGM again, and then launched blockbuster films such as "The Dwarf" and "007: Golden Eye".

However, although these blockbuster movies were launched, MGM's operating difficulties did not ease. First, during the time of Kirk Kerryan's leadership, most of MGM's assets were sold, which made the Hollywood giant rent offices and offices.

MGM Cinema has filmed well-known masterpieces such as "The Wizard of Oz", "The Peerless Beauty", and "Ben Hur". It was originally a good place for fans to pilgrimage, but due to lack of maintenance, it is not as tidy as the small set.

In addition, a large number of MGM's clothing, props, sets, etc. were sold out by Kirk Kkerlian, causing a large amount of MGM's assets to be lost.

To film, you must use other film companies to set the sets, and you also need to re-customize props, costumes, sets, etc., which invisibly increases the cost of filming.

Second, during the time when Kirk Kkerian took charge of MGM, he abolished MGM's distribution department and handed over the release of the movie to Lianyi. In this way, because it does not have its own distribution channel and is subject to others, it will naturally have a large portion of its income.

In addition, in the 1970s, Kirk Kkerian even once sacked MGM's production department and transformed MGM into a casino, hotel, etc., which greatly damaged MGM's strength.

From one of the seven major Hollywood giants, it gradually became an independent producer and completely lost the qualification to become a giant.

It is precisely because of Kirk Kerkillian's backward actions that MGM suffered five hard work and seven injuries and was burdened with huge debts. Although it launched many excellent works, it still cannot reverse its fate.

Due to excessive debt and serious losses, in 1996, Australia's Qixi Media withdrew from MGM and sold the remaining shares to Kirk Kerryan for $1.3 billion, which made him regain the control of MGM's life and death power.

Therefore, Kirk Kerryan can be said to have three in and three out of MGM, and the frequency of the frequency is rare in Hollywood.

The reason why he is so entangled with MGM is not because he loves this company, but is completely driven by interests. He regards it as a game of capital. He can make money by selling MGM, and he can also make money by buying back MGM.

Kirk Kerryan was originally just a businessman who operated a tourist plane in Las Vegas, with a value of only tens of millions of dollars. However, after taking over MGM, he quickly became rich by constantly splitting MGM assets. By the 1970s, he had become a super rich man with a net worth of one billion yuan, and also became a well-known gambling king in Las Vegas, which can be said to be a fortune.

However, his repeated buying and selling of MGM and changing hands many times in a short period of time has caused MGM to lack a long-term strategy for development and a lack of continuous capital investment, which has caused it to gradually lag behind, stagger and stagnate in competition with other giants.

It is really heartbreaking for a generation of film giants to fall into this.

But no matter what, there are still 3,000 nails for the rotten ship! MGM now has some high-quality assets, such as the library of more than 2,000 movies, all of which are accumulated by its acquisition of small and medium-sized film companies. The most valuable of them is the classic IP 007.

007 As a Hollywood classic spy film series, its charm can be said to be quite great. James Bond's self-introduction, "Bond, James Bond" was rated as one of the top ten famous lines in film history.

This series once encountered a low point in the 1980s, but now the new version starring Pierce Brosnan has achieved very good results around the world.

In addition, MGM has assets such as studios and Carver Cinema, which is indeed worth taking action in the summer.

...

"I think your proposal is very good. So, go and talk to Kirk Kerryan and ask him for a price if he wants to sell it." Xia Tian immediately said, "In addition, find someone to evaluate the actual value of MGM."

"Okay, Mr. Xia." Robert Eiger nodded.

...

A few days later, Robert Eiger replied to Summer that Kirk Kerryan was willing to sell MGM, but the price was a little higher and it took $8 billion to sell.

Xia Tian laughed at the price he offered.

To be honest, MGM has no decent assets at all. Except for film libraries, studios and cinemas, all other assets have been sold out.

In addition, MGM is now carrying huge loans. After Kirk Kkerlian sold MGM to Ted Turner, all MGM's film library was left by Turner.

The more than 2,000 movies in MGM's film library are now reorganized through a series of acquisitions. In order to form this library, MGM spent a lot of money and had a debt of up to 1.8 billion US dollars.

MGM itself is worth about $2.5 billion. If the debt of $1.8 billion is deducted, only $700 million of high-quality assets are left. Therefore, Kirk Kerryan's offer of $8 billion is definitely a big talk.

Of course, Xia Tian disagreed with this price. Because he acquired MGM mainly for its film library. Its more than 2,000 movies are of great value to Xia Tian.

His TV channels, online video platforms, Blockbuster audio and video chains, etc. all need a film library to fill in the content, and no matter how much it is, it is not too much.

But it doesn't mean that he has to ask for these film libraries, and he has to get it at any cost. He is actually not so eager for it, after all, he already has MGM's previous film library and Columbia Pictures' film library.
Chapter completed!