IAIH :: Volume #6

#545: Too was really crazy

LNMTL needs user funding to survive Read More

„Since you had set firm resolve, I naturally must consider is longer-term. ↗.” “既然你已经下定了决心,我当然要考虑的长远一些。↗,.” Chris smiled, said: „As for purchase, your acquired these materials was very comprehensive, although Nokia this 1011 cell phone sales volumes were good recently, but Nokia predicament has not solved, in addition our fund superiority, purchase the Nokia not too major problem, we must discuss which purchase method selects, Eric, if the capitalization purchase, the premium will be very high, moreover you purchased the plan of TV Network also therefore to be hindered. Now in North America four Major TV Networks, Fox TV Network will develop rapidly, definitely will not sell, but other three Major TV Networks, any market value over 10 billion USD, with the words of splitoff merger and acquisition, you will lose the Firefly absolute holding power.” 克里斯笑了笑,道:“至于收购方面,你收集到的那些资料已经很全面了,虽然诺基亚最近这一款1011手机销量不错,但诺基亚本身的困局并没有解决,再加上我们的资金优势,收购诺基亚并没有太大问题,我们要讨论的只是采用哪种收购方式,艾瑞克,如果全资收购的话,溢价会很高,而且你原本收购电视网的计划也会因此受到阻碍。现在北美四大电视网中,福克斯电视网发展最迅速,肯定是不会卖的,而另外三大电视网,任何一家的市值都超过100亿美元,采用换股并购的话,你甚至会失去萤火虫的绝对控股权。” Eric actually also in considering these issues, will again definitely not present the second time like the matter of Persian Gulf War paying dirt, when the it stock big eruption the circle money actually must wait again for several years, but the purchase TV Network matter actually the earlier the better. 艾瑞克其实也一直在考虑这些问题,像海湾战争这种发横财的事情肯定不会再出现第二次了,在it股大爆发的时候圈钱却还要再等几年时间,而收购电视网的事情却是越早越好。 Eric remembers some data indistinctly, the order that in the original space and time, North America three Major TV Networks and Film Studio fuse , in descending order , are ABC, CBS and NBC, in 1996 Disney completed to merge ABC probably is 19 billion USD, but crossed merely for three years, in 1999 Viacom purchased CBS has actually spent 37 billion USD, two TV Network scales differed are not too big, had this aspect, mainly was the stock price that because United States the rapid economic growth created in the 90's rose. 艾瑞克隐约记得一些数据,原时空中,北美三大电视网与电影公司融合的次序依次是abc、cbs和nbc,1996年迪斯尼完成并购abc大概是190亿美元,但仅仅过了三年时间,1999年维亚康姆收购cbs的却花了370亿美元,两家电视网的规模相差并不是太大,出现这种局面,主要便是因为美国九十年代经济快速增长造成的股价攀升。 „Chris, you thought that by the Firefly current achievement condition, adopts the release corporation loan the situation to purchase the TV Network method to be feasible completely?” “克里斯,你觉得以萤火虫目前的业绩状况,完全采取发行公司债的形势收购电视网的方法可行吗？” Chris pondered the moment, Eric has not concealed his many plan, if deferred to Eric completely with his ditch through plan, in purchasing the TV Network negotiation process, Firefly can collect 5 billion USD cashes probably, but wanted to annex any in three Major TV Networks, in order to the insurance, the fund scale must in 15 billion USD about. 克里斯思考了片刻,艾瑞克并没有隐瞒他的很多计划,如果完全按照艾瑞克与他沟通过的计划来走的话,在收购电视网的谈判过程中,萤火虫大概可以筹集50亿美元的现金,但想要吞并三大电视网中的任何一家,保险起见,资金规模大概要在150亿美元左右。 15 billion subtract 5 billion USD...... 150亿减去50亿美元…… Thinks of here. Chris stares the big eye suddenly, looks to a Eric face inconceivable say|way: „Distributes 10 billion USD corporation loans, Eric, you are really a lunatic.” 想到这里。克里斯突然瞪大眼睛,望向艾瑞克一脸不可思议道:“发行100亿美元的公司债,艾瑞克,你真是个疯子。” Let alone debt financing of 10 billion USD. Till 1993, even if around the world, the fund scale that the enterprise merger and acquisition involves surpasses 10 billion USD few, do not say to merge an enterprise, distributes the 10 billion USD scale the corporate debt. This can only describe with crazy. 别说100亿美元的债务融资。到1993年为止,哪怕是全世界范围内,企业并购涉及到的资金规模超过100亿美元的都寥寥无几,更不要说为了并购一家企业,发行百亿美元规模的公司债务。这只能用疯狂来形容了。 Eric has not cared about the appearance that Chris receives to frighten, said: „Chris, changes an angle to think that we know the Metro Goldwyn Mayer present situation, the Metro Goldwyn Mayer present property scale in 10 arrive at about 1.5 billion USD, but the debt of this company actually reaches as high as 1.7 billion USD, the ratio of debt to net worth surpasses 100%, but if completes the TV Network purchase, the Firefly property scale achieves 30 billion USD absolutely not to have the issue, then when the time comes adds on the existing debt. Also has 40%.” 艾瑞克没有在意克里斯一副受到惊吓的模样,道:“克里斯,换个角度想一想,我们都知道米高梅现在的情况吧,米高梅现在的资产规模在10到15亿美元左右,但这家公司的负债却高达17亿美元,负债率超过100%,但如果完成电视网收购,萤火虫的资产规模达到300亿美元绝对没有问题,那么到时候加上现有的负债。也只有40%不到。” „But, Eric, the debt of debt and 10 billion rank of 1 billion rank is not the simple digital issue.” “可是,艾瑞克,十亿级别的负债和百亿级别的负债已经不是简单的数字问题了。” Eric knows certainly this point, in the bond ordinary circumstances that the investor purchases the enterprise is because the risk comparison of bond is low, does not need to take the risk that corporate performance fluctuating brings like the stock. Therefore, related to the amount is bigger, the investor will be more prudent, discovers the 10 billion USD corporate debt one time, even if general group such giant so far did not have. 艾瑞克当然知道这一点,投资者购买企业的债券一般情况下就是因为债券的风险比较低,不用像股票那样承担企业业绩起伏所带来的风险。因此,涉及到的金额越大,投资方就会越慎重,一次性发现百亿美元的公司债务,哪怕是通用集团这样的巨头到目前为止都还没有过。 However, Eric has actually been full of confidence. In the memory, in the original space and time Disney merges in the ABC TV Station process, has successfully completed debt financing of 10 billion USD rank, let alone. The Firefly Pictures present operating condition in Disney compared with parallel space and time too be many: „Perhaps Chris, to with other companies, one time distributes the 10 billion USD corporation loan, this fund scale is truly big to letting the Wall Street investor shrinks back at the sight, but Firefly is different, last year the Firefly Pictures net profit approached 1 billion USD. But this year. Is summer files «Jurassic Park» and «A Bug's Life» and Box Office of «Deep Impact» these three movies is divided into the net profit to achieve five hundred million USD, this is also only part in movie entire channel operation. Such profitability, enough dispelled the misgivings in majority of investor heart.” 不过,艾瑞克却充满了信心。记忆里,原时空中迪斯尼并购abc电视台的过程中,就顺利完成了百亿美元级别的债务融资,更何况。萤火虫影业现在的经营情况要比平行时空中的迪斯尼强太多:“克里斯,或许对与其他公司来说,一次性发行百亿美元公司债,这种资金规模确实大到让华尔街投资人望而却步,但萤火虫却不同啊,去年萤火虫影业的净利润就接近十亿美元。而今年。仅仅是暑期档《侏罗纪公园》、《虫虫危机》和《天地大冲撞》这三部电影的票房分成净利润都将达到五亿美元,这还只是影片全渠道运营中的一部分。这样的盈利能力,足够打消大部分投资人心中的顾虑了。” Chris is just about to speak, car stopped suddenly, Eric looks to out of the window, discovered that car stopped in the hotel underground parking garage. 克里斯正要说话,汽车突然停了下来,艾瑞克望向窗外,才发现汽车已经停在了酒店的地下停车场。 Chris takes back in the material the suitcase, said: „Eric, this matter I will pay attention, returning to New York I to find time to make a feasible evaluation, Jorma Ollila could return to Finland in the afternoon, therefore we and he have exchange time of time lunch, will concentrate on Nokia here first.” 克里斯将资料都收回手提箱里,道:“艾瑞克,这件事我会留心的,回到纽约我会抽空做一份可行性评估,约玛.奥利拉下午可能就要返回芬兰,所以我们和他只有一次午餐的交流时间,还是先将精力放在诺基亚这里吧。” Eric nods, got out, arranges Chris one line of already toward noon, Eric and Chris representative Firefly has invited Jorma Ollila in nearby dining room, 艾瑞克点点头,下了车,将克里斯一行人安排好已经临近中午,艾瑞克和克里斯代表萤火虫在附近一家餐厅里宴请了约玛.奥利拉、 According to the discussion of Eric and Chris, the Firefly investment will send out the purchase important contract within three days to Nokia, before completing purchase, they and Jorma Ollila standpoint is will oppose temporarily, therefore at this midday feast both sides' conversation has not involved too many substantive issues, why Eric talked nonsense one to have the interest to Jorma Ollila to Nokia, Jorma Ollila talked at length a digital cell phone as well as the global mobile communications network( GSM) the prospect, finally guests and hosts having a good time. 根据艾瑞克和克里斯的商议,萤火虫投资将在三天之内向诺基亚发出收购要约,在完成收购之前,他们和约玛.奥利拉的立场将暂时是对立的,所以这次午宴上双方的交谈并没有涉及到太多实质性的问题,艾瑞克只是向约玛.奥利拉胡扯了一番自己为何会对诺基亚产生兴趣,约玛.奥利拉则是大谈特谈了一番数字手机以及全球移动通讯网络（gsm）的前景,最后宾主尽欢。 Jorma Ollila returned to Finland in the afternoon, carries on the preliminary communication with Nokia group current several big bank shareholders. 约玛.奥利拉下午就返回了芬兰,与诺基亚集团目前的几大银行股东们进行初步的沟通。 Eric and Chris have rented the conference room in hotel, starts to discuss the concrete purchase plan. 艾瑞克和克里斯则租用了酒店的会议室,开始讨论具体的收购方案。 Although the Nokia group stripped or sells in recent years one after another fell into the papermaking, rubber and the television service loss, but as once Finnish Giant Enterprise of multiplex development, besides the two-way charges for cellular phones equipment business, currently Nokia group also has the energy, drugs manufacture and electric cable and other services, because part of properties maintained the profit conditions, had not been stripped to sell, and occupied about one-third of group total assets. 诺基亚集团虽然在最近几年陆续剥离或者出售了陷入亏损的造纸、橡胶和电视业务,但作为曾经多元化发展的芬兰巨型企业,除了移动通讯设备部门,目前诺基亚集团旗下还拥有能源、制药和电缆等其他业务,这一部分资产因为一直保持盈利状态,还没有被剥离出售,并且占据了集团总资产的1左右。 Although the mobile communications companies in some Europe countries started the operation GSM network, therefore has promoted the Nokia first GSM cell phone 1011 sales volumes, but the GSM network did not have the comprehensive popularization after all, in addition preliminary large amount research and development investment, GSM cell phone, although the prospect is broad, but the Nokia cell phone department actually is also at the loss condition, the fund has also returned nurturing to parents by other profit departments. Except for Eric this crossing over, nobody can have foresight the GSM cell phone in the next few years the eruption -type growth potential, in not being able to see realized profit situation, the shareholders of Nokia group will not tolerate this situation to continue. This is also Jorma Ollila urgently needs the reason of foreign investment. 虽然欧洲一些国家的移动通讯公司已经开始运营gsm网络,并因此提升了诺基亚首款gsm手机1011的销售量,但gsm网络毕竟还没有全面普及,再加上前期的巨额研发投入,gsm手机虽然前景广阔,但诺基亚的手机部门却还处在亏损状态,资金也一直由其他盈利部门进行反哺。除了艾瑞克这个穿越者,没有人能够未卜先知gsm手机未来几年爆发式的增长潜力,在看不到实际利润的情况下,诺基亚集团的股东不会容忍这种情况一直持续下去。这也是约玛.奥利拉迫切需要外部投资的原因。 Anybody knows that the energy and drugs manufacture have been full of the profession of sudden and huge profits, but Eric is actually not interested, after all, in scale. Nokia small sun-dried shelled shrimp of these services before these giants are not continually. 任何人都知道,能源和制药是充满了暴利的行业,但艾瑞克却一点也不感兴趣,毕竟,从规模上来说。诺基亚的这些业务在那些巨头面前连小虾米都算不上。 After detailed discussion, Eric decided finally the most priority scheme purchases the Nokia two-way charges for cellular phones department, this department and not only includes the cell phone service, the communication equipment service, mainly produces the GSM network the base depot equipment, as earliest using the country of GSM network, technology of Nokia in this aspect must be leading compared with other communications equipment manufacturers. 详细讨论过后,艾瑞克最终决定最优先方案还是收购诺基亚的移动通讯部门,这个部门并不仅仅包括手机业务,还有通讯设备业务,主要生产gsm网络的基站设备,作为最早运用gsm网络的国家,诺基亚在这方面的技术比其他通讯设备制造商要领先很多。 Next afternoon, Eric and Chris go out of the conference room together, in Chris are taking one pack of documents as before, said: „To research and develop the GSM cell phone. The Nokia group first two years have lost money, in other words Nokia all puts into the GSM cell phone research and development the profit that these profit departments had, now finally has drawn a charge, I thought that the Nokia shareholder wanted slightly some foresights, will not sell to us the two-way charges for cellular phones department pack.” 第二天下午,艾瑞克与克里斯一起走出会议室,克里斯手里依旧拿着一叠文件,说道:“为了研发gsm手机。诺基亚集团前两年一直亏损,也就是说诺基亚将那些盈利部门所产生的利润全部都投入到了gsm手机研发当中,现在结果已经出炉,我觉得诺基亚股东只要稍微有些远见,都不会将移动通讯部门打包卖给我们。” „Who knows that perhaps, the Nokia shareholder meeting urgently the leverage,” Eric was saying: „But in any event, we at least must attain the Nokia absolute holding power.” “谁知道呢,说不定诺基亚的股东会急着套现呢,”艾瑞克说道:“但无论如何,我们至少要拿到诺基亚的绝对控股权。” This was the team discussed over the two days purchase bottom line that Chris also echoed nods, said: „That. I will send out the official purchase important contract to Nokia tomorrow morning, but also wants, disembark investment fund name about just discussion, you giving a name character.” 这是团队这两天讨论出来的收购底线,克里斯也附和地点点头,道:“那么。我明天上午会向诺基亚发出正式的收购要约,还要,关于刚刚商议的离岸投资基金名称,你来起个名字吧。” Because the tax rate of each country is different. In process of transnational purchase, the circulation association of big fund involves the tax matter, the usual solution through infuses an offshore company the fund, carries on the investment operation through the offshore company again, in the meantime, this disembark investment can also play the role of hideaway property. Although the present was only in 1993. Because of all sorts of convenience of disembark investment, the fund scale of global each disembark capital center broke through 10,000 hundred million USD. 因为各个国家的税率不同。跨国收购的过程中,大笔资金的流通总会涉及到税务问题,通常的解决方法是通过将资金注入一家离岸公司,再通过离岸公司进行投资运作,同时,这种离岸投资还能够起到隐藏资产的作用。虽然现在只是1993年。但因为离岸投资的种种便利,全球各个离岸资本中心的资金规模就已经突破了一万亿美元。 When Eric remembered yesterday toward New York telephoned, two kids the sound, quickly said: „Called the Hawaii fund.” 艾瑞克想起昨天往纽约通电话时,两个小家伙呀呀的声音,很快说道:“就叫夏威夷基金吧。” Chris nodded, says with a smile: „Do you quite like the daughter?” 克里斯点了点头,笑道:“你比较喜欢女儿？” „Yes, you had not heard that view, the son is the father previous life personal enemy, the daughter is the father previous life sweetheart.” “是啊,难道你没听说过那种说法吗,儿子是父亲前世的仇人,女儿是父亲前世的情人。” „Probably has this view, moreover I thought that is very scientific, has a long time, my relations with the Papa is poor, but Emily has been harmonious with her father, perhaps you do not know that I and Emily father have several disputes, almost she stands that side her Papa each time.” The Chris corners of the mouth have a smiling face are saying, said: „I made the person register this name.” “好像是有这种说法,而且我觉得还挺科学的,有很长一段时间,我跟爸爸的关系都不怎么好,不过艾米丽却和她父亲一直非常融洽,或许你不知道,我和艾米丽的父亲有过几次争执,几乎每次她都站在她爸爸那边。”克里斯嘴角挂着笑说着,又道:“那我就让人注册这个名字了。” Eric um, conference room in the hotel lowest level, they arrived at the corridor end, the other people of team directly goes to the dining room to have the supper, Eric actually must go upstairs to change the clothes, some Chris also matters must go to room, waits for the elevator time, Chris asked curiously: „The appointment of which company tonight is?” 艾瑞克嗯了一声,会议室在酒店最底层,两人来到走廊尽头,团队的其他人都直接去了餐厅吃晚餐,艾瑞克却要上楼换衣服,克里斯也有些事情要去房间一趟,等电梯的时候,克里斯好奇地问道:“今晚是哪家公司的约会？” Except for Nokia, to coordinate the negotiations of «GATT (General Agreement on Tariffs and Trade)», Eric must give dual attention with the matter of Europe aspect movie influence discussion cooperation. 除了诺基亚,为了配合《关贸总协定》的谈判,艾瑞克还要兼顾与欧洲方面电影势力商谈合作的事情。 „Metro Goldwyn Mayer biggest shareholder Crédit Lyonnais S.A. that side person, summer two movies of files Metro Goldwyn Mayer release both fall into owe greatly, Crédit Lyonnais auctioned Metro Goldwyn Mayer to shoot last year one time on the class, now wants to let go Metro Goldwyn Mayer this hot goods, before letting go, they hopes that the Metro Goldwyn Mayer achievement has recovered, under with the aim of being easier to find the home.” “米高梅的最大股东里昂信贷银行那边的人,暑期档米高梅发行的两部电影都陷入巨亏,里昂信贷去年拍卖米高梅就流拍了一次,现在更想脱手米高梅这个烫手货了,不过在脱手之前,他们希望米高梅的业绩有所复苏,以便更容易找到下家。” The elevator door opens, Chris and Eric are sideways together, making the guest in elevator leave, walked, Chris presses down the key, then just topic asked: „You have not thought buys Metro Goldwyn Mayer?” 电梯门打开,克里斯和艾瑞克一起侧身,让电梯里的客人离开,才走了进去,克里斯按下按键,接着刚刚的话题问道:“你难道就没想过买下米高梅吗？” „Naturally thinks that my very greedy Metro Goldwyn Mayer that huge database, if can take the Metro Goldwyn Mayer database, not only can display the Firefly present entire channel operation resources superiority fully, but also has the greatest advantage regarding the development of future TV Network, TV Network needs the massive premium contents after all. But except for the database, Metro Goldwyn Mayer does not have anything to let my Tempted.” “当然想啊,我可是非常眼馋米高梅那庞大的片库的,如果能够拿下米高梅的片库,不但能够更加充分地发挥萤火虫现在的全渠道运营资源优势,而且对于将来电视网的发展也有莫大的好处,电视网毕竟还是需要大量优质内容的。但除了片库,米高梅就没什么让我动心的了。” 1986 that time handed over, before Ted Turner has only left behind Metro Goldwyn Mayer 1948 database, this was also the Turner broadcasting company of Time Warner in recent years starts to broadcast the reason of Metro Goldwyn Mayer old movie, but Metro Goldwyn Mayer as before has copyright and quantity of many TV series collection copyright more than 4000 movies now, the database scale was next to Time Warner. Because of Metro Goldwyn Mayer for many years loss, causing this once magnificent temporary film giants unable to display the huge database scale advantage, can only , in continue lend money and in the vicious circle of continual loss continues to struggle. 1986年的那次转手中,泰德.特纳只留下了米高梅1948年以前的片库,这也是时代华纳旗下的特纳广播公司最近几年开始播放米高梅旗下老电影的原因,但米高梅现在依旧拥有4000多部电影的版权和数量更多的电视剧集版权,片库规模仅次于时代华纳。但因为米高梅连续多年的亏损,使得这家曾经辉煌一时的电影巨头无法将庞大的片库规模优势发挥出来,只能在继续借贷与连续亏损的恶性循环中继续挣扎下去。 Chris said: „Doesn't have 007 copyright?” 克里斯道:“不是还有007版权吗？” „Every year at Metro Goldwyn Mayer present debt scale, according to 5% annual interest rates, the interest on loans that must pay reaches as high as 80 million. Metro Goldwyn Mayer average two years promote one 007, the profit that have is insufficient including the interest of payment corporation loan, therefore Metro Goldwyn Mayer these years have been losing money . Moreover the debt are getting more and more.” Eric was saying at will Metro Goldwyn Mayer matter, suddenly got a sudden inspiration, cannot bear has kicked in the elevator wall with the tip of the toe, somewhat excitedly said: „I have thought of a great idea suddenly.” “以米高梅现在的负债规模,按照5%的年利率,每年要支付的债务利息就高达8000万。米高梅平均两年推出一部007,产生的利润连支付公司债的利息都不够,所以米高梅这些年才一直在亏损,而且债务越来越多。”艾瑞克随意地说着米高梅的事情,突然灵机一动,忍不住用脚尖在电梯壁是踢了一下,有些兴奋地说道:“我突然想到了一个好主意。” The Chris doubts looked: „Un?” 克里斯疑惑地看了过来:“嗯？” „To Crédit Lyonnais S.A. this jumbo, Europe these Film Studio completely is the small fish small shrimp, if reconciled by Crédit Lyonnais, shell ’ operates as the carrier by Metro Goldwyn Mayer this again ‚, Firefly can withdraw from this matter, did not need to break the established operation path again.” “相对于里昂信贷银行这个巨无霸来说,欧洲这些电影公司全部都是小鱼小虾,如果由里昂信贷从中撮合,再以米高梅这张‘壳’作为载体进行运作,萤火虫就能从这件事里脱身出来,不用再打断既定的运营轨迹了。” Chris regarding Firefly the matter that to coordinate the negotiations of «GATT (General Agreement on Tariffs and Trade)» must make had also understood that listening to the Eric words to understand immediately his meaning, Firefly even year after next many movie-making plan will have been decided next year, to coordinate the negotiations of GATT (General Agreement on Tariffs and Trade), Firefly needs to put out some resources to come with the Europe movie influence to share, then the Firefly established development project must make the corresponding adjustment, but if Firefly cooperated with Europe Film Studio through Metro Goldwyn Mayer indirectly, this unit does not need to make the too big adjustment. 克里斯对于萤火虫为了配合《关贸总协定》的谈判要做出的事情也已经了解,听完艾瑞克的话立刻就明白了他的意思,原本萤火虫明年甚至后年的很多制片计划都已经确定,为了配合关贸总协定的谈判,萤火虫需要拿出一部分资源来与欧洲电影势力分享,那么萤火虫既定的发展规划就必须做出相应的调整,但如果萤火虫通过米高梅间接地与欧洲电影公司合作,本部就不必在进行太大的调整。 However, the idea of Chris to Eric actually does not favor: „ 不过,克里斯对艾瑞克的想法却不是太看好:“ You just said that the Metro Goldwyn Mayer present profit for the year is perhaps insufficient including the interest of corporation loan, I think that these Europe Film Studio not clear this point, you do not think they will comply? ” 你刚刚都说了,米高梅现在的年利润或许连公司债的利息都不够,我想那些欧洲电影公司不会不清楚这一点,你认为他们会答应吗？” „That invites all parties to sit the negotiations, Metro Goldwyn Mayer now this condition, I want to be able to lead this company to come out of the difficult position, these creditors will also agree temporarily to give up some benefits, once otherwise this company goes bankrupt, the Metro Goldwyn Mayer property including repaying its present debt is insufficient, but Metro Goldwyn Mayer the biggest problem, does not have enough fund to launch more movie projects now. The creditors have the demand, Europe Film Studio has the fund, Firefly can provide the high-quality movie project, these conditions put together, almost can stimulate this spiritless Film Studio, you thought that they do will be excited?” “那就邀请各方坐下来谈判,米高梅现在这种状况,我想只要能够带领这家公司走出困境,那些债权人也会同意暂时放弃一些利益的,否则一旦这家公司破产,米高梅的资产连偿还它现在的负债都不够,而米高梅现在最大的问题,就是没有足够的资金启动更多的电影项目。债权人有需求,欧洲电影公司有资金,萤火虫能够提供优质的电影项目,这些条件加在一起,几乎可以盘活这家死气沉沉的电影公司,你觉得他们会不会心动？” Chris nodded, said: „You just did not say that is very excited to the Metro Goldwyn Mayer database? Bringing back to life that if the Metro Goldwyn Mayer eternal truth you said that you will want to purchase this Film Studio in the future, the price of expenditure was bigger.”( To be continued.) 克里斯点了点头,却道:“你刚刚不是说对米高梅的片库很心动吗？如果米高梅真如你所说的起死回生的话,将来你想要收购这家电影公司,花费的代价就更大了。”(未完待续。)
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