IAIH :: Volume #5

#426: Opium pill


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After «Cutthroat Island» creates the news of 100 million two USD huge losses disclosed surely, although belongs to the Disney's loss to have more than 70 million, the influence that but has actually last year the summer files lost 100 million USD more violent than through many movies Disney. The short three days of time, the Disney's stock price fell 11%, the market value also screened before «Cutthroat Island» 3.8 billion USD rapidly shrinks 3 450 million. 当《割喉岛》造成了一亿两千万美元巨额损失的消息透露之后,虽然这其中属于迪斯尼的损失只有7000多万,但产生的影响却比迪斯尼去年暑期档通过多部电影损失一亿美元还要猛烈。短短三天时间,迪斯尼的股价就下跌了11%,市值也从《割喉岛》上映前的38亿美元迅速缩水到了34.5亿 On the newspaper media therefore has also produced to the discussion and reconsideration of big manufacture movie advantages, has made a detailed contrastive analysis «Cutthroat Island» and «Terminator 2: Judgement Day», two movie Box Office disastrous defeats, attains greatly successfully, the contrast is sharp. 报纸媒体上也因此产生了很多对大制作电影利弊的讨论和反思,将《割喉岛》和《终结者2》做了一番详细的对比分析,两部电影一部票房惨败,一部大获成功,对比非常鲜明。 Along with discussion carries on, gradually and involved these two years massive investments to surpass the 50 million USD movie, naturally, analysis of «Hook» «Twister» and Spielberg that must have manufacture to Eric directed, because they were Hollywood for these years most successful commercial film Director, but the investments of these two movies have also surpassed 70 million USD. 随着讨论的进行,渐渐地又牵扯到了这两年大量投资超过5000万美元的电影,当然,也少不了对艾瑞克正在制作的《龙卷风》和斯皮尔伯格执导的《霍克船长》的分析,因为两人都是好莱坞这几年来最成功的商业片导演,而这两部电影的投资也都超过了7000万美元 When «Terminator 2: Judgement Day» weekend Box Office draw a charge, Eric has completed «Twister» all shoots works, saw that «Cutthroat Island» Box Office has surpassed 20 million unexpectedly, Eric is disappointed, miracle exactly has not occurred. 在《终结者2》首周末票房出炉的时候,艾瑞克就已经完成了《龙卷风》的所有拍摄工作,看到《割喉岛票房竟然超过了20000000,艾瑞克非常失望,‘奇迹’到底还是没有发生。 However he does not have the too big accident, in the original space and time the independent Production Studio Carlock's status cannot compare with seven big Disney by far, in addition Carlock seven big jointly was suppressed, has created the «Cutthroat Island» 90 million investment only attains the more than 9 million Box Office frigid aspect. What Eric is regrettable is only the losses of this edition of «Cutthroat Island» 100 million 2000 ten thousand USD is not undertakes by Disney completely, otherwise, will then purchase Disney to be smoother. 不过他也没有太大的意外,原时空中独立制作公司卡洛克的地位远远不能跟七大之一的迪斯尼相比,再加上卡洛克被七大联合打压,才造成了《割喉岛9000万投资只拿到900多万票房的惨烈局面。艾瑞克遗憾的只是这一版《割喉岛一亿2000多万美元的损失并不是全部由迪斯尼承担,否则的话,接下来收购迪斯尼会更加顺利。 After «Twister» filmed, Eric continued to stay the several days time disposal in Oklahoma some junks. And several hosts create return to Los Angeles together. 龙卷风封镜之后,艾瑞克继续在俄克拉荷马州呆了数日时间处理了些许杂物。才和几位主创一起返回洛杉矶 When remote Ponca City, Eric has felt on the media summer files several movies because of the public opinion disturbance that blow, the flight arrived at Los Angeles, Eric and Jeffrey, Joanna and the others just went out of the airport, was stopped up by dozens waiting for a long time reporters in the picking hall entrance. 在遥远的庞克城时,艾瑞克就已经感受到了媒体上因为暑期档几部电影而刮起的舆论风波,班机到达洛杉矶,艾瑞克杰弗里乔安娜等人刚刚走出机场,就被几十名等待许久的记者堵在了接机大厅门口。 Looks that the surrounding crazy twinkle the camera flashing light and wants to cross the bodyguard to reach own tape recorder diligently. Eric is worried about aspect out-of-control, presses both hands hastily, has given a peaceful hand signal. 看着周围疯狂闪烁的相机闪光灯和努力想要越过保镖伸向自己的录音机。艾瑞克担心局面失控,连忙压了压双手,做了个安静的手势。 Was worried Eric will leave to ask directly loudly, anticipation responded reporter group quick peaceful, since Eric complies to answer their issues, does not need so. 原本担心艾瑞克会直接离开而大声发问,期待得到回应的记者群很快安静了下来,既然艾瑞克答应回答他们的问题,也就没有必要如此。 Everybody. I can remain to answer some issues, but rode several hours of airplane, my companions were very tired, can make them leave first?” “各位。我可以留下来回答一些问题,不过坐了几个小时飞机,我的同伴们都很累了,可以让他们先离开吗?” Has not thought that Eric mentioned this suddenly, the people looked at each other in blank diamay. Eric has not wanted the meaning of affirmation reply, had given several hand signals toward Jeffrey and the others, then hints own bodyguard to push through the crowd, the reporters looked that the Eric footsteps have not moved, made way very much tactfully a road. 没想到艾瑞克却突然说起这个,众人面面相觑。艾瑞克也没有想要得到肯定回答的意思,朝杰弗里等人做了个几个手势,然后示意自己的保镖拨开人群,记者们看艾瑞克脚步没动,很知趣地让开了一条路。 Looks that Jeffrey and Joanna and the others mounted car of roadside, Eric has patted clapping: Then......” 看着杰弗里乔安娜等人登上路边的汽车,艾瑞克才拍了拍手:“那么……” The reporter group has remembered immediately the chaotic sound. 记者群立刻又想起了乱糟糟的声音。 Stops, comes,” Eric was saying. Referred to one putting on the wearing eyeglasses press woman of black small suit: This woman, you come first.” “停,一个一个来,”艾瑞克说着。指了指一个穿黑色小西装的戴眼镜女记者:“这位女士,你先来吧。” The press women somewhat excitedly want to go forward one step, had actually kept off by the bodyguard. Has to be away from the human wall to say loudly: Mr. Williams, hearsay «Cutthroat Island» script is you settles on first, has invested dreary Box Office of hundred million movies regarding this, what view do you have?” 女记者有些兴奋地想要上前一步,却被保镖挡了下来。只好隔着人墙大声道:“威廉姆斯先生,传闻《割喉岛》的剧本是你最先看中的,对于这部投资过亿电影的惨淡票房,你有什么看法吗?” Eric before coming back, had pondered meets the response of this issue, he naturally impossible middle to acknowledge that this is a pit. Therefore hears press woman's inquiry. Eric shows a serious look: «Cutthroat Island» is a very good idea, I have also thought makes the trilogy this movie. What a pity. Disney fell into error in the manufacture mentality, has destroyed this greatly promising story. Regarding this I can only say the regret.” 艾瑞克在回来之前,就已经思考过遇到这个问题的回应,他当然不可能当中承认这本来就是一个坑。因此听到女记者的询问。艾瑞克露出一个沉重的神色:“《割喉岛》本来是一个非常好的构思,我还想过将这部电影拍成三部曲。可惜。迪斯尼在制作思路上误入歧途,毁了这个大有前途的故事。对此我只能说遗憾。” The Eric voice has not fallen completely, the press woman seizes the opportunity immediately, asked: Can chat your manufacture mentality?” 艾瑞克话音还没有完全落下,女记者立刻抓住机会,又问道:“可以谈谈你的制作思路吗?” Sorry, this issue I do not facilitate to disclose, next, this mister.” “抱歉,这个问题我不方便透露,下一个,这位先生。” The mentioned by name reporter said immediately: Mr. Williams, since you have formed in one's mind to «Cutthroat Island», you can rescreen this series?” 被点名的记者立刻道:“威廉姆斯先生,既然你对《割喉岛》已经有所构思,那你有可能翻拍这个系列吗?” „The failure of this movie has made the audience have the idea of first impressions are most lasting, do not say that rescreens this movie, perhaps within ten years, I estimate for ten years, again some people do not dare to manufacture the pirate piece rashly.” “这部电影的失败已经让观众产生了先入为主的观念,不要说翻拍这部电影,或许十年之内,我估计十年之内,都不会再有人敢冒然制作海盗片了。” „Don't you dare?” “连你也不敢吗?” Eric nods: Yes, I do not dare, the failure of «Cutthroat Island» is extremely thorough, attacks to the island type movie too in a big way, although I do not fear the failure, but I have not wanted such quick experience failure, next, you.” 艾瑞克点头:“是的,我也不敢,《割喉岛》的失败太过彻底,对海岛类型电影打击太大,虽然我不怕失败,但我还不想这么快经历失败,下一个,你。” Before a black hair reporter is standing on tiptoes foot the tape recorder, has extended, said: Mr. Williams, seemed like you experienced the failure, it is said the «Hot Shots» series were script that you chose personally, but also participated in the investment.” 一个黑发记者踮着脚将录音机前伸了一些,道:“威廉姆斯先生,貌似你已经经历了失败吧,据说《反斗神鹰》系列是你亲自挑选出来的剧本,还参与了投资。” The Eric corners of the mouth reveal wipe the smile, explained: «Hot Shots» first part script truly is I personally chooses, but also participated in some investments. However second part may not have anything to relate with me, my script has not seen, this matter you can investigate.” 艾瑞克嘴角露出一抹微笑,解释道:“《反斗神鹰第一部剧本确实是我亲自挑选的,还参与了部分投资。不过第二部可跟我没什么关系,我连剧本都没有见过,这件事你们可以去调查。” „Hasn't Miss Connelly with looked at to you script?” A thin and small reporter inserted one rapidly, the vision of people have shone immediately, is anticipating the reply of Eric. 康纳利小姐没有把剧本拿给你看吗?”一个瘦小的记者急促地插了一句,众人的目光顿时亮了起来,期待着艾瑞克的回答。 Eric knows certainly that this issue in fact in testing him and Connelly relations, the smile on face is slightly invariable, but does not have the unnecessary words, replied directly: No, next, you come, this is the last issue, I rush to time.” 艾瑞克当然知道这个问题实际上是在试探他和康纳利的关系,脸上的微笑丝毫不变,不过却也没有多余的言辞,直接答道:“没有,下一位,你来吧,这是最后一个问题,我赶时间。” That reporter just about to opens the mouth, hears the words that Eric supplements, issue originally will swallow, thinks to ask: Mr. Williams, «Toy Story» and «Terminator 2: Judgement Day» has again made so bright eye progress, can you result make Firefly go on the market?” 那位记者刚要开口,听到艾瑞克补充的话,将原本的问题吞了回去,想了想才问道:“威廉姆斯先生,《玩具总动员》和《终结者2》再一次取得了如此亮眼的成绩,你会成绩让萤火虫上市吗?” „, The Firefly cash flow will not be abundant, therefore does not need to carry on listing financing. After and listing. In order to maintain stock price, to maintain the confidence of investor, Firefly possibly has to make the radical decision-making that contradicts with the company development strategy, this is disadvantageous regarding the development of company, therefore I hope Firefly to be able in the environment that was not disturbed by the exterior investor develops freely.” “不会,萤火虫的现金流非常充裕,所以不需要进行上市融资。而且上市之后。为了维持股价,为了保持投资者的信心,萤火虫可能不得不做出一些与公司发展策略相悖的激进决策,这对于公司的发展非常不利的,所以我还是希望萤火虫能在一个不受外部投资者干扰的环境中更加自由地发展。” Answered this issue. Eric nodded toward the people, then pushes the crowd to walk under protecting and sustaining of bodyguard outward. The issue that Eric answered although were not many, actually also enough these reporters displayed a good report, therefore nobody was also going all out to stop, Eric left the Los Angeles airport quickly. 回答完这个问题。艾瑞克朝众人点了点头,然后在一众保镖的护持下挤开人群向外走去。艾瑞克回答的问题虽然不多,却也足够这些记者发挥出一篇不错的报道,所以也没有人在拼命阻拦,艾瑞克很快离开了洛杉矶机场。 Trilogy, hehe. You have not let off to this situation to the opportunity that Michael Eisner adds to stop up,” next day, Chris Hansson that catches up with from New York saw that Eric such said that he saw obviously about yesterday's reporters the interview to Eric. “三部曲,呵呵。到了这个地步你都还不放过给迈克尔.艾斯纳添堵的机会,”第二天,从纽约赶来的克里斯.汉森一见到艾瑞克就这么说道,他显然已经看到了关于昨天记者们对艾瑞克的采访。 Eric and Chris shook hand, walks toward the Cliff Peak Manor villa with him shoulder to shoulder. Said: «Cutthroat Island» has attained 20 million USD Box Office, may be more than much, I who I imagine naturally must seize the chance to vent.” 艾瑞克克里斯握了握手,和他并肩朝尖角庄园别墅走去。说道:“《割喉岛》拿到了2000万美元票房,可比我想象的多了不少,我当然要趁机发泄一下。” „The 100 million 40 million investments, saw that 20 million USD final Box Office I felt sends coolly, you actually also dislike many.” 一亿40000000的投资啊,看到2000万美元的最终票房我都感觉身上一阵发凉,你竟然还嫌多。” Lost by Robert Shay pitifully is undertaken part,” they said that were entering the villa. “可惜损失被罗伯特.谢伊承担了一部分,”两人说着,已经走进了别墅。 The glass curtain wall of city of seaside freedom, Chris sits on the sofa looks that not far away small bar Eric makes the coffee personally the appearance. Said: You now is a person, doesn't feel this villa outer space?” 自由之城临海的玻璃幕墙,克里斯坐在沙发上看着不远处小吧台艾瑞克亲自冲咖啡的模样。说道:“你现在还是一个人,就不感觉这座别墅太空吗?” Eric carried the coffeepot to walk, poured on the coffee for them. Said: Custom is different, I quite like this feeling.” 艾瑞克端着咖啡壶走了过来,为两人倒上咖啡。说道:“习惯不同吧,我比较喜欢这种感觉。” Chris received the coffee cup, looks at Eric saying: Does not know that is my misconception, although are not many with your being together time, but I felt that you are always away from a membrane with the surrounding world probably. You are good at being together with the person, the ability of way one treats people surpasses your this ages the level. But you actually like water in lubricates, although and contact of water is intimate. Is not actually willing to melt.” 克里斯接过咖啡杯,看着艾瑞克说道:“不知道是不是我的错觉,虽然与你相处时间不多,但我感觉你和周围世界好像总是隔着一层膜。你非常善于与人相处,待人接物的能力远超你这个年龄段的水平。但你却总是像水里的一点油一样,虽然与水的接触非常亲密。却不愿意融进去。” Eric has gawked, has not refuted. Saying with a smile: Your intuition also is really keen.” 艾瑞克愣了下,没有反驳。笑道:“你的直觉还真是敏锐。” Hears Eric such superficially to acknowledge that Chris is somewhat surprised, but then said: Eric, this is not a good phenomenon, continuously for a long time hence even may cause the schizophrenia.” 听到艾瑞克这么轻描淡写地承认,克里斯有些惊讶,但接着就说道:“艾瑞克,这并不是个好现象,长此以往甚至可能导致精神分裂。” Volume, you study finance?” “额,你是学金融的吧?” I have taken as an elective the psychology, the student of many study finance will take as an elective the psychology, this can analyze the match or the customer who runs into thoroughly.” “我选修过心理学,很多学金融的学生都会选修心理学,这样可以更加透彻地分析遇到的对手或者客户。” consider as finished, Chris, we discussed the proper business, relax, I will not result in any schizophrenia absolutely, but I do not know how should explain to you.” 算了,克里斯,我们还是谈正事吧,放心,我绝对不会得什么精神分裂,但我也不知道该怎么跟你解释。” Chris has gawked staring, said: Good, but Eric, you must know that everybody cares about you very much. My father, I, Drew,...... Your women, if your innermost feelings have anything to pour out, I believe that our any is very good listening attentively object.” 克里斯愣了愣,道:“好的,不过艾瑞克,你要知道,大家都很关心你。我父亲,我,还有德鲁,还有……你的女人们,如果你内心有什么想要倾诉的话,我相信我们任何一个都是非常好的倾听对象。” How own secret possibly poured out with others, even if were Drew that small girl, Eric could not imagine, if the girl knew after his secret, will have anything to respond. 自己的秘密怎么可能跟别人倾诉呢,哪怕是德鲁那个小妮子,艾瑞克都想象不出要是丫头得知他的秘密之后会有什么反应。 Chris spoke these words, then directly changed over to the subject: Was good, we chatted about purchasing the Disney's matter.” 克里斯说完这句话,便直接转入了正题:“好了,我们还是谈谈关于收购迪斯尼的事情吧。” Saying, Chris pulls out the material that brings along, has apportioned Eric one, said: Disney today the newest stock value is 3 430 million USD, is in debt 20. 700 million USD. So far, I altogether have attained 11% Disney stocks through several companies and business agents, the gross charge is 3.7 600 million USD, but Disney in the stock share of circulation market, only then about 24%, therefore then can also buy in part. Disney Board of Directors including the Michael Eisner altogether 16 people, Disney will replace the Board of Directors member through the election every year, if purchases the important contract to be rejected, through this year's changing session as well as then to buying of Disney stock, we can win two Board of Directors seats, like this we can from meddling the Disney's management.” 说着,克里斯掏出随身带来的资料,分给了艾瑞克一份,说道:“迪斯尼今天最新的股票市值是34.3亿美元,负债20.7亿美元。到目前为止,我通过几家公司和代理商一共拿到了11%的迪斯尼股票,总支出为3.76亿美元,而迪斯尼在流通市场的股票份额只有24%左右,所以接下来还可以吸纳一部分。迪斯尼董事会包括迈克尔.艾斯纳一共16个人,迪斯尼每年都会通过选举更换董事会成员,如果收购要约被拒绝的话,通过今年的换届以及接下来对迪斯尼股票的吸纳,我们可以拿到两个董事会席位,这样我们就可以从插手迪斯尼的管理。” Eric said: Said that which this purchase most mainly will meet to hinder, except for the issue of money.” 艾瑞克道:“还是说说这次收购最主要会遇到哪些阻碍吧,除了钱的问题。” Chris shows a smile: This was also I most wants to say. Some acquired materials make me be surprised, Disney experienced in 1984 that evil intention to purchase, after having compensated 300 million multi- USD, unexpectedly slightly has not grown the memory, did not have including the most universal anti- purchase opium pill agreement.” 克里斯露出一个微笑:“这也是我最想说的。收集到的一些资料让我都大吃一惊,迪斯尼经历了1984年那场恶意收购,赔了3亿美元之后,竟然丝毫没有长记性,连最普遍的反收购毒丸协议都没有。” Opium pill?” Eric reveals doubts expression. “毒丸?”艾瑞克露出一个疑惑的表情。 Chris thinks that then explained as far as possible with the simple sentence: So-called opium pill, is one that the target company drafts beforehand expanding stock agreement that prevents the malicious purchase. Once the company bitter experience evil intention purchase, opium pill will be triggered, when the company circulates the stock the match purchases massively, the shareholders of target company can through issuing additionally the new stock form, the dilution competitor purchase the stock the share. In this way, can make the purchase cost promote to a price of sky-high price, is similar to an opium pill is the same, lets want to annex the acquirers of target company to shrink back at the sight. North America at least 2000 listed companies have the opium pill agreement, but those who make me be startled, Disney actually does not have.” 克里斯想了想,然后尽量用简单的语句解释道:“所谓毒丸,就是目标公司事先起草的一种防止恶意收购的扩股协议。一旦公司遭遇恶意收购,毒丸就会被触发,当公司流通股票被对手大量收购时,目标公司的股东们可以通过增发新股的形式,稀释竞争对手收购股票的份额。通过这种方法,可以让收购成本提升到一个天价的价位,如同一颗毒丸一样,让想要吞并目标公司的收购者望而却步。北美至少有2000家上市公司拥有毒丸协议,而让我吃惊的是,迪斯尼竟然没有。” Eric listened to the explanation of Chris, said with a smile: In brief, this is very favorable for us, not?” 艾瑞克听了克里斯的解释,笑道:“总而言之,这对我们很有利,不是么?” Naturally,” Chris then lets loose in the hand another page of materials, said: But, Disney, although these two years achievements are quite gloomy, «Cutthroat Island» has incurred such big loss, but Disney is Michael Eisner one from the mire of decline brings after all, the past seven years, market value of Disney in the Michael Eisner hand turned entire one time. At least 50% shareholders as before are maintaining to Michael Eisner the confidence. Most major problem that therefore we purchase, as before is the Disney existing management.” “当然,”克里斯接着放开手中另外一页资料,说道:“不过,迪斯尼虽然这两年的业绩比较暗淡,《割喉岛》又带来了这样大的损失,但迪斯尼毕竟是迈克尔.艾斯纳一手从没落的泥潭中带出来的,过去的七年时间,迪斯尼迈克尔.艾斯纳手中市值翻了整整一倍。至少有一半的股东依旧对迈克尔.艾斯纳保持着信心。所以我们收购的最大问题,依旧是迪斯尼现有的管理层。” Eric also knows certainly this point, according to the fragmentary memory, the Disney shareholder and Michael Eisner had the huge difference should after 1996, Michael Eisner acted willfully to annex ABC TV Station, has caused afterward several years of Disney's superelevation ratio of debt to net worth and huge loss. But before then, although Michael Eisner is obstinate, even has regarded own practice of " what I say goes " Board of Directors, but also has sought the massive personal gains through the salary committee for oneself, but Disney is actually prosperous in rapid growth, therefore these issues were tolerated by the shareholders. 艾瑞克当然也知道这一点,根据零碎的记忆,迪斯尼股东与迈克尔.艾斯纳产生巨大分歧应该是在1996年之后,迈克尔.艾斯纳一意孤行地吞并了abc电视台,造成了随后几年迪斯尼的超高负债率和巨额亏损。而在此之前,虽然迈克尔.艾斯纳刚愎自用,甚至将董事会当成了自己的一言堂,还通过薪酬委员会为自己谋取了大量私利,但迪斯尼却一直是欣欣向荣的在快速发展,所以这些问题都被股东们容忍了下来。 However, Eric was impossible to wait by 1996, at that time the Disney market value estimated that turned several times, wanted to purchase again is more difficult. 不过,艾瑞克不可能等到1996年,那时候迪斯尼市值估计已经翻了好几倍,再想要收购就更加难上加难。 Chris does not know that Eric activity at heart , to continue saying: Once Disney agreement good intentions purchase, then a lot will be simpler, but I think that Michael Eisner will definitely not agree. Therefore walks the possibility of second road over 70%, therefore, what we now are most important is must consider issue that the second road probably comes across.” ( to be continued ) 克里斯并不知道艾瑞克的心里活动,继续说道:“一旦迪斯尼同意善意收购,那么很多事情都会简单许多,不过我想迈克尔.艾斯纳肯定不会同意。所以走第二条路的可能性在七成以上,所以,我们现在最重要的是要考虑第二条路可能遇到的问题。”(未完待续)
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