IAIH :: Volume #7

#648: Does not have the means

LNMTL needs user funding to survive Read More

Purchases the Firefly long-term bond the majority is North America and Europe all kinds of retirement funds and insurance companies and other investment institutions, these investment institutions carry on to invest the most major characteristics pursue fund security maximum limit, therefore also often is the annual interest rate only in the main investors of below 3% United States national debts. 购买萤火虫长期债券的大部分都是北美和欧洲各种各样的退休基金和保险公司等投资机构,这些投资机构进行投资最大的特点就是追求资金最大限度的安全性,因此也往往是年利率仅在3%以下的美国国债的主要投资者。 Although the rating organization to the rating of Firefly long-term bond is the 2 a level, slightly is lower than the United States national debt highest 3 a safety level, but after Firefly has published a series of financial data, especially under soon 3 billion USD free cash flow stimulation of gathering, although the rating organization has not raised the Firefly bond rating, but the massive industry analysts openly said that the Firefly investment in bond security has been almost the same as the United States national debt, but the Firefly long-term bond has is almost the five of United States national debt two times. 5% annual interest rates. 虽然评级机构给萤火虫长期债券的评级为2a级,略低于美国国债最高的3a安全等级,但在萤火虫发表了一系列财务数据后,特别是在即将汇聚的30亿美元自由现金流的刺激下,虽然评级机构并没有上调萤火虫的债券评级,但大量业界分析师都公开表示,萤火虫的债券投资安全性已经与美国国债相差无几,而萤火虫的长期债券却拥有几乎是美国国债两倍的5。5%年利率。 In this case, even if no Firefly to give up Hand-Drawn Animation Department making the creditor alliance lose suddenly forces the chip the action, has the investment institution of Firefly long-term bond after the Firefly strong statement, is impossible to request Firefly to start the bond buy-back measure ahead of time, this is equal to from breaking the source of income. 这种情况下,即使没有萤火虫突然放弃手绘动画部门让债权人联盟失去胁迫筹码的举动,持有萤火虫长期债券的投资机构在萤火虫强硬表态之后,也不可能要求萤火虫提前启动债券回购措施,这等于是自断财路。 Therefore, when Firefly soon the whole will sell the Animation Department news causes Hollywood and a Wall Street piece in an uproar, gathers at Los Angeles the group of creditors represents most awkward a group of people. 于是,在萤火虫即将整体出售动画部门的消息引起好莱坞和华尔街一片哗然的时候,聚集在洛杉矶的这批债权人代表成了最尴尬的一批人。 As the initiator of creditor alliance, Ron after Perelman returns to New York, immediately is involved all energy by the Marvel matter, although can control the forces of nature in the capital market adeptly, but in the face of absolute strength, Ron Perelman becomes is unable to make ends meet immediately. 作为债权人联盟的倡导者,罗恩・佩雷尔曼回到纽约之后立刻就被漫威的事情牵扯住了所有的精力,虽然能够在资本市场娴熟地呼风唤雨,但在绝对的实力面前,罗恩・佩雷尔曼立刻就变得左支右绌起来。 Warren Buffett and Tom Murphy and David West has very wide personal connection and influence in New York, as for Katzenberg. This locally born Manhattan person 19 years old became at that time New York mayoralty candidate John Lindsay campaign team member. Several years later also takes financial executive to assist John Lindsay has run for United States President. Although has not succeeded, but this type of normal treatment personal history is also many average people for a lifetime is actually hard to hope to attain, even if develops in the media circles afterward for many years, but Katzenberg as before is half New York local bully, in addition on the present wears the title of United States biggest media group next chief executive officer, its influence can be imagined. 沃伦・巴菲特、汤姆・墨菲和大卫・韦斯特在纽约都有着非常广泛的人脉和影响力,至于卡森伯格。这位土生土长的曼哈顿人19岁就成为当时纽约市长候选人约翰・林赛的竞选团队成员。几年后还作为财务主管协助约翰・林赛参选过美国总统。虽然没有成功,但这种正治履历却也是很多普通人一辈子都难以企及的,即使随后在传媒界发展多年,但卡森伯格依旧算是半个纽约地头蛇,再加上现在头上戴着美国最大传媒集团下一任首席执行官的头衔,其影响力可想而知。 Under strong impulse of all influence, working efficiency high extraordinary of New York local court, returns to New York Ron Perelman even without enough time makes any movement. Has to face various investigations from law enforcement agency. 在各方势力的强力推动下,纽约地方法院的办事效率高的出奇,返回纽约的罗恩・佩雷尔曼甚至来不及做什么动作。就不得不面临来自执法机构的各种调查。 When Firefly decided that sells the Animation Department news to pass to New York, had a premonition that important matter not wonderful Ron Perelman telephones to Summer immediately Redstone, wants the condition that complies with Viacom to pledge, Ron Perelman realized sensitively that accepts the Viacom transaction condition, not only oneself can be separated immediately from Marvel this vortex, but can also attain the 100 million USD fund. Otherwise, if cannot make this transaction, he then could come the big cropper in front of Firefly. 当萤火虫决定出售动画部门的消息传到纽约,预感到大事不妙的罗恩・佩雷尔曼立刻就打电话给萨默・雷石东,想要答应维亚康姆开出的条件,罗恩・佩雷尔曼敏感地意识到,答应维亚康姆的交易条件,自己不但能够立刻从漫威这个漩涡中脱离出来,还能够拿到一亿美元资金。反之,如果做不成这笔交易,他接下来可能就要在萤火虫面前栽大跟头了。 However, developing rapidly after a sudden turn of matter stems from Ron expectation of Perelman. Entire Hollywood by Animation Department this that Firefly ejects ‚fresh and tender cabbage’ greedy saliva directing current, Viacom wants to take this ‚cabbage’ the mood is compared with several other big company anxious many. At this time Summer Redstone ‚rotten Apple’ will not enrage Eric for Marvel this. 但是,事情的急转直下还是出乎罗恩・佩雷尔曼的预料。整个好莱坞都被萤火虫抛出的动画部门这颗‘鲜嫩白菜’馋的口水直流,维亚康姆想要拿下这颗‘白菜’的心情更是远比其他几大公司急切的多。这个时候萨默・雷石东根本就不会为了漫威这个‘烂苹果’去触怒艾瑞克。 Therefore, Ron Perelman has made the multiple phone call continuously, actually throughout I cannot relate again including Redstone. 因此,罗恩・佩雷尔曼连续打了多次电话,却始终连雷石东本人都没能再联系到。 Malibu Cliff Peak Manor, is conducting commercial party at this time. 马里布尖角庄园,此时正在举办一个商务派对。 Issued a series of news and statements from Firefly already the past two days of time, although Firefly can definitely no longer pay attention dries in the sun in Los Angeles that group of creditor organization representatives, but such did, although vented spleen, actually did not serve the Firefly long-term benefit, even if were the non-listed company, Firefly was impossible to be separated from the capital market completely, let alone Eric was still developing many industries outside Firefly. But proliferates various United States state and Europe various countries retirement funds and insurance agency exactly is the investment main force of capital market. 距离萤火虫发布一系列消息和声明已经过去两天时间,虽然萤火虫完全可以不再理会被晾在洛杉矶的那批债权人机构代表,但这么做虽然解气,却并不符合萤火虫的长期利益,即使是非上市公司,萤火虫也不可能完全脱离资本市场,更何况艾瑞克还在萤火虫以外发展着很多产业。而遍布美国各州和欧洲各国的退休基金和保险机构恰恰是资本市场的投资主力。 Therefore, Eric quick by ‚communicates, irons out difference the reason face to face’ invites all creditor representatives to participate in Cliff Peak Manor the party. The matter developed now, actually has not needed anything to communicate, participates the party guest even no longer to mention the matter of creditor alliance. 因此,艾瑞克很快以‘当面沟通,消除分歧’的理由邀请所有债权人代表参加尖角庄园的这次派对。事情发展到现在,其实根本已经不需要什么沟通了,来参加派对的宾客甚至都不再提起债权人联盟的事情。 The discerning people can look, this is a stair that Firefly gives on own initiative. 明眼人都看得出来,这是萤火虫主动给出的一个台阶。 Also somewhat was worried after can encounter Eric to treat arrogant the creditor representative arrives at Cliff Peak Manor, discovered this Firefly Group master not only does not have the arrogance of young fellow, instead is similar to their majority of contemporaries is equally mature steadily, when way one treats people are also watertight, felt relieved. In the afterward conversation these people gradually have even neglected the Eric age, unknowingly encircled Eric on the stars surrounding the moon in the middle, have a relish discussed various economical normal treatment current event issues. 本来还有些担心会遭遇艾瑞克傲慢对待债权人代表来到尖角庄园后,发现这位萤火虫集团的主人不但没有少年人的傲慢,反而如同他们大部分同龄人一样成熟稳重,待人接物也滴水不漏时,都纷纷放下心来。随后的交谈中这些人甚至逐渐忽略了艾瑞克的年龄,不知不觉就众星拱月般地将艾瑞克围在了中间,饶有兴致地谈论各种经济正治时事问题。 „If more careful, we can discover that a brand-new information technology industry rose, although the academic circle already is called the third Industrial Revolution the new energy, the information technology, the spatial technology and development of biological technology these state-of-art science and technology, but in fact, can draw close to the average person to live truly, only then information technology one type. But we know that more can in the general publics level wide scope popular industry, the economic value of having be higher. Therefore in the next ten years even 20 years, the two-way charges for cellular phones, the personal computer, the application software and Internet these big professions become the most valuable investment objectives,” was represented by one group of creditors is also the senior fund Manager person surrounds in Eric of hall corner grasps one glass of red wines, not the timid location speaks with confidence. “如果细心一些,我们就能够发现一个全新的信息技术产业已经崛起,虽然学术界已经将新能源、信息技术、空间技术和生物技术这些尖端科技的发展称为第三次工业革命,但实际上,真正能够贴近普通人生活的,就只有信息技术一种。而我们都知道,越是能够在普通民众层面大范围普及的产业,产生的经济价值才会越高。所以接下来十年甚至20年,移动通讯、个人计算机、应用软件、互联网这几大行业将成为最有价值的投资目标,”被一群债权人代表同时也是高级基金经理人包围在大厅一角的艾瑞克手持一杯红酒,毫不怯场地侃侃而谈。 Puts on the fund Manager person of black suit to ask: „Eric, I know you beside Hollywood, how many high tech companies but also has invested Cisco, Yahoo and AOL, but you did not think that the risk of high-tech investment was too big? As far as I know, Firefly Group another shareholder Warren one of the Mr. Buffett investment creeds as far as possible avoids the high-tech industry.” 一位穿着黑色西装的基金经理人问道:“艾瑞克,我知道你在好莱坞之外,还投资了思科、雅虎和美国在线几家高科技公司,但你不觉得高科技投资的风险太大了一些吗？据我所知,萤火虫集团的另外一个股东沃伦・巴菲特先生的投资信条之一就是尽量避免高科技产业。” „I will not make anything to appraise to the investment concept of Warren, this will be drown to death with the saliva by his supporter.” In a chuckle sound, Eric continues saying: „But, in other times. Invests the high-tech industry risk to be truly big. But now is different. Then is an overall industrial big eruption. The industrial domain that because the information technology involves was really too huge, almost included we were living the aspects, the semiconductor industry promotes the personal computer and development of two-way charges for cellular phones, the personal computer and two-way charges for cellular phones promoted application software, mobile phone, Internet and other branch the development, then the three can lead innumerable huge industry cluster, in the rise condition of this entire industry trend, had the safeguard regarding the investment of high tech, I can affirm. The following several years, North America and even the global capital market definitely will lead the new round long-term bull market pattern because of the development of new tech industry.” “我可不会对沃伦的投资理念做什么评价,这会被他的支持者用口水淹死的。”一片轻笑声中,艾瑞克继续说道:“不过,在其他时期。投资高科技产业风险确实非常大。但现在却不一样。接下来将是一次整体的产业大爆发。因为信息技术涉及到的产业领域实在是太庞大了,几乎包括我们生活着的方方面面,半导体产业推动个人计算机、移动通讯的发展,个人计算机、移动通讯推动了应用软件、移动电话、互联网等分支的发展,而后三者又能够带动更加数不清的庞大产业集群,在这种整体产业趋势的上升状态下,对于高科技的投资是非常有保障的,我敢肯定。接下来几年,北美乃至全球资本市场肯定会因为新科技产业的发展而带动新一轮的长期牛市格局。” Another fund Manager person asked keenly: „Eric, you thought that these will have the bubble?” 另外一个基金经理人非常敏锐地问道:“艾瑞克,那你觉得这其中会有泡沫吗？” „Naturally, each round bull market means that stock market bubble, this big industrial eruption definitely also means the large-scale bubble,” in the Eric eye is having different kind meaning, swept people, the corners of the mouth has been hanging the light smile, said: Under condition that „stock market rises, even if you have not heard these words of my today. I think that you definitely also without hesitation will enter the arena, but. Finally can restrain to flee greedily successfully, looked at everybody respective luck.” “当然,每一轮牛市都意味着一次股市泡沫,这一次大的产业爆发肯定也就意味着更大规模的泡沫,”艾瑞克眼中带着别样的意味,扫了一圈众人,嘴角挂着淡淡的微笑,道:“股市疯涨的状态下,即使你们没有听到我今天的这些话。我想你们肯定也会毫不犹豫地进场的,只不过。最后能不能克制住贪婪成功出逃,就看大家各自的运气了。” Saw many people to fall into the short thinking, Eric has not continued again, disclosed slightly something grasped the big capital in the fund Manager person heart to make a profound impression to this batch of hands, in the future will definitely bring the unexpected advantage, but does not need to say were too many. Saw that wore lavender formal clothes to stand in the surrounding looks at own Elizabeth smilingly, Eric has been lifting raising glass toward the people, crossed the crowd outward to walk. 见很多人都陷入短暂的思索,艾瑞克没有再继续说下去,稍微透露一些东西给这批手握大笔资本的基金经理人心中留下一个深刻的印象,将来肯定会带来意想不到的好处,但也没必要说的太多。看到身穿一身淡紫色礼服站在外围笑盈盈望着自己的伊丽莎白,艾瑞克朝众人举了举杯,越过人群朝外走去。 Eric slightly commended under the Elizabeth formal clothes, asked: „When comes?” 艾瑞克小小地称赞了下伊丽莎白的礼服,问道:“什么时候过来的？” „A half hour,” the Elizabeth corners of the mouth were having just happy expression as before, said: „Looked that you are so like a fish in water among one group of old men, embarrassedly disturbs you.” “已经半个小时了,”伊丽莎白嘴角依旧带着刚刚的笑意,道:“看你在一群老男人中间这么如鱼得水,就没好意思打扰你。” Eric arrived by the independent dinner table to carry a fruit tray, looked for the place sofa to sit down with Elizabeth together, with a smile followed the words of girl, said: „This does not have the matter of means that if I follow the same age male is too near, the association that causes could not withstand, I guess you definitely are not willing to see this scene?” 艾瑞克走到自主餐桌旁端了一个果盘,与伊丽莎白一起找了处沙发坐下,才笑着接过女郎的话,道:“这也是没办法的事情,如果我跟同龄男性走的太近,那引起的联想就更加不堪了,我猜你们肯定也不愿意看到这种场面的吧？” Elizabeth has hit on the Eric shoulder with a smile, sips a red wine, has restrained the expression slowly, said: „My Papa regretted recently.” 伊丽莎白笑着在艾瑞克肩膀上打了下,抿了口红酒,慢慢收敛起表情,道:“我爸爸最近后悔了呢。” Eric gains ground to ask: „What regrets?” 艾瑞克抬头问道:“后悔什么？” Elizabeth shrugs, said: „Firefly that paper intermediary property, my Papa said that early knows 15. 200 million USD can buy, News Corp will definitely get rid.” 伊丽莎白耸耸肩,道:“萤火虫的那笔纸媒资产啊,我爸爸说早知道15。2亿美元就能够买下来,新闻集团肯定会出手的。” Eric twists Apple to force in mouth together, said: „Has not related, old man, in the memory is more and more bad, will forget several days later.” 艾瑞克捻起一块苹果塞进嘴里,说道:“没关系,老头子嘛,记忆里都是越来越差的,过几天就忘了。” Elizabeth discontented say|way: „Eric, can't you respect a point to my Papa?” 伊丽莎白不满道:“艾瑞克,难道你就不能对我爸爸尊敬一点吗？” „Volume, good, sorry,” Eric is also proper, said: „That, now definitely wants to buy Disney's Animation Department, right?” “额,好吧,抱歉,”艾瑞克也跟着正经起来,道:“那么,现在肯定是又想买迪斯尼的动画部门,对吧？” „Un,” Elizabeth nodded, she highly believes the judgment of Eric, even also some worships, therefore, since Eric persists in abrogating Hand-Drawn Animation Department after «The Lion King», in the Elizabeth heart is not earnest like other Hollywood several big Film Studio. “嗯,”伊丽莎白点了点头,她本人是非常相信艾瑞克的判断的,甚至还有些崇拜,所以,既然艾瑞克在《狮子王》之后还是坚持裁撤手绘动画部门,伊丽莎白心中也就不像好莱坞其他几大电影公司那么热切。 But but old man actually does not think. 但无奈自家老头子却不这么想啊。 Eric said: „I told you, Liz, bought Firefly that paper intermediary property, perhaps can also maintain the following several years of good profits. But if buys Hand-Drawn Animation Department, is unlikely to make money radically.” 艾瑞克道:“我跟你讲啊,莉兹,买下萤火虫的那笔纸媒资产,或许还能保持接下来几年不错的盈利。但要是买下手绘动画部门,根本就不太可能赚钱。” Elizabeth Nie Eric: „You told me are useful, you must with my Papa lecture.” 伊丽莎白乜了艾瑞克一眼:“你跟我讲有什么用,你得跟我爸爸讲啊。” „I do not have the duty, but, this time do not mix,” Eric thinks that said: „Even if your family old man with a sudden burst, I thought that this time he cannot snatch.” “那我可没义务,不过,这次你就别掺和了,”艾瑞克想了想,说道:“即使你家老头子卯足了劲儿,我觉得这次他也抢不到。” Elizabeth said curiously: „Oh, you thought that which company possibly buys Animation Department?” 伊丽莎白好奇道:“哦,你觉得哪家公司最可能买下动画部门？” Eric recalled some materials of next recent several days Kelly collection, said: „I thought what is possible is Warner, this summer files Warner Film Industry practical was too miserable, Terry if Semel did not make some result to the shareholder enough confidence of Board of Directors, it is estimated that was very difficult to sit on CEO this seat too for a long time. Next is Paramount, I heard that the Paramount plan imitates the Disney's peripheral strategy using Blockbuster,” Eric spoke of here, the corners of the mouth brought some to take pleasure in others'misfortunes, said: „The entire US more than 3000 Blockbuster chain stores, are in the global range more than six times of Disney store quantity, this indeed is a very good idea, what a pity Paramount absolutely does not have any many potential peripheral movie, why does not know, I think that thinks funny, haha, sorry, making me smile.” 艾瑞克回忆了一下最近几天凯莉搜集的一些资料,道:“我觉得最可能的是华纳吧,今年暑期档华纳的电影业务实在是太惨了,特里・塞梅尔如果不做出一些成绩给董事会和股东足够的信心,估计很难在eo这个位子上坐太长时间。其次是派拉蒙,我听说派拉蒙打算利用百视达模仿迪斯尼的周边策略,”艾瑞克说到这里,嘴角带着些许幸灾乐祸,道:“全美3000多家百视达连锁店啊,是全球范围内迪斯尼商店数量的六倍多,这的确是一个非常好的主意,可惜派拉蒙根本就没有什么多少可开发周边的电影,不知道为什么,我想起来就觉得好笑,哈哈,抱歉,让我笑一下。” Elizabeth turned a small supercilious look, waits for Eric to smile, said: „I also think you will think what is possible is Universal, Michael Eisner after all was Disney once CEO.” 伊丽莎白翻了个小小的白眼,等艾瑞克笑完,说道:“我还以为你会觉得最可能的是环球呢,迈克尔・艾斯纳毕竟是迪斯尼曾经的eo啊。” Eric shrugs, said: „Universal and Columbia have not thought that Michael Eisner definitely wants Animation Department, but he does not have that big authority, now Universal and Columbia in the Japanese hand. Japanese is very sometimes natural, but also is sometimes mean-spirited, their animation industries are developed, accordingly, although they will not despise Hollywood animation Film Studio, but is not willing to spend ten hundred million USD to buy Hand-Drawn Animation Department. Finally, what Metro Goldwyn Mayer does not have to hope that as for you, I thinks the News Corp present service center of gravity should also on TV Network, won't look like Warner and Paramount is so reckless?” 艾瑞克耸耸肩,道:“环球和哥伦比亚就别想了,迈克尔・艾斯纳肯定是非常想要动画部门的,但他没有那么大的权力,现在环球和哥伦比亚都在日本人手中。日本人有时候很大方,但有时候又非常小气,他们的动漫产业非常发达,相应的,虽然他们不会轻视好莱坞的动画电影公司,但也不会愿意花十多亿美元买一个手绘动画部门。最后,米高梅更是没什么希望,至于你们,我想新闻集团现在的业务重心应该还在电视网上,不会像华纳和派拉蒙那么不顾一切吧？” Elizabeth slight bow, also has to acknowledge that at heart the analysis of Eric is reasonable. 伊丽莎白微微点了点头,心里也不得不承认艾瑞克的分析非常有道理。 Since Firefly buys ABC, no longer after Fox TV Network cooperates, to maintain the Fox TV Network market share, News Corp places the majority of energy this year has managed on TV Network, for this reason even not hesitating makes the movie department reduce production again. 自从萤火虫买下ab,不再与福克斯电视网合作之后,为了保持福克斯电视网的市场份额,新闻集团今年将大部分精力都放在了经营电视网上,为此甚至不惜让电影部门再一次减产。 After deciding no longer tries to affect the decision of oneself old man, Elizabeth felt relieved that asked: „Yeah, you did not want to take that cartoon company recently, which Superhero copyright settled on?” 打定主意不再去试图影响自家老头子的决定之后,伊丽莎白放下心来,问道:“哎,你最近不是想要拿下那家漫画公司吗,到底看中了哪个超级英雄版权啊？” „This were too many, Spider-Man, Fantastic Four, Hulk and Iron Man what, actually I am a cartoon fan, did you look?” “这个就太多了,蜘蛛侠、神奇四侠、绿巨人、钢铁侠什么的,其实我是一个漫画迷,你看出来了吗？” Elizabeth reveals the look that despises, said: „You were also talking nonsense, how haven't I seen you to read the cartoon?” 伊丽莎白露出鄙视的眼神,道:“你又在胡扯了,我怎么从来没有见过你读漫画？” Eric said with a smile: ” This explained that we also need to deepen the understanding. „ 艾瑞克笑道:”这说明我们还需要加深了解啊。“ ( To be continued.) (未完待续。)
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