Chapter 137 (1/2)
In a red brick style apartment on 79th street, Upper East, next to third Avenue.
The scale of the party was not large. Basically, it was the best friends of the leibulde family, with more than 20 men and women.
After a brief introduction and sitting down in the living room next to the living room, James Leibold talked about one thing Simon was very concerned about recently: ”I have collected a piece of information about new world entertainment. Simon, if you need to, you can take it back when you leave. Before the stock market crash, the company's operation was OK. Although the film department is not outstanding, the TV and comic book departments are making profits. NBC's ultimate police network, which ranks third in ratings this autumn, is the product of new world entertainment
New world entertainment was reorganized from the new world film industry last year.
James Leibold mentioned the company mainly because new world entertainment is now the parent company of marvel, which bought Marvel Entertainment from a bankrupt company in November last year.
Simon drew his attention away from one of the guests, a middle-aged man on ABC, and asked, ”now?”
James Leibold said: ”after the crash, New World Entertainment's share price has plummeted 51% from its peak, leaving less than $190 million. However, the company's debt is more than $220 million, and the main creditor is general electric. ”
Simon can understand what will happen next for new world entertainment without further explanation from leibulde.
The dependence of film and television production companies on external funds is very high, and the business situation before the New World Entertainment stock market disaster may be quite good. But now, with the share price plummeting to the point of insolvency, financial institutions will definitely not provide any more funds for the company.
Lack of funds, the project is difficult to start, profit is out of the question, then there is a vicious circle towards bankruptcy.
However, Simon is curious: ”how can New World Entertainment be connected with GE?”
James Leibold explained: ”Ge acquired NBC television network last year, and since several bills issued by the Federal Communications Commission (FCC) in the mid-1970s restricted the network from producing its own TV programs, Ge fostered new world entertainment as its own TV program supplier.”
Simon didn't expect that new world entertainment was backed by GE. He was only interested in marvel. However, combing the materials mentioned by James Leibold in his mind, he soon had another idea.
New World Entertainment's film business is tepid, but the TV Department and comic book department are both making profits. So, this company almost happens to complement Denise pictures. If we can buy the whole new world entertainment, in addition to the marvel we want, Simon can also set foot in the field of TV production.
However, the risks of doing so are also obvious.
New World Entertainment now has a market value of US $190 million. If it is fully acquired, it will definitely need to pay a certain premium. In addition, the debt of more than 220 million US dollars will definitely need to be borne by ourselves in the future.
What's more, it's easy to buy the company, just pay for it, but Simon has no experience in operation, and he's not sure whether Amy is competent or not.
Thinking of this, Simon glanced at the living room again. He was about to withdraw his eyes and continue to talk with James Leibold, only to find that the middle-aged man named Robert egger, who he had been paying attention to, came with two 11-year-old girls.
”Simon, this is my daughter, Kate and Amanda. They are your fans,” Robert egger said
As soon as Robert egger's voice was over, Amanda, who was a little shorter, came over and said, ”Simon, you play the guitar very well. Can you teach us, well, as long as wild bees fly.”
Simon said with a smile, ”there's no secret to this song. Just practice more.”
Amanda shook her head: ”no, Kate and I have been studying for more than half a year, but we still can't play as well as you.”
Simon patiently said, ”well, it's a pity that there is no guitar now. If you play it, I'll see what the problem is.”
The two girls were disappointed.
Because it was a family party and the conversation was interrupted, James Leibold didn't mind. Hearing this, he said, ”Jennie has one. You can ask her to bring it. I happened to see the video on ”Good Morning America” that day. Seriously, I'm looking forward to hearing Simon play the guitar himself again