Chapter 329 (2/2)
Simon is definitely going to the lunch party, but before that, there are still some things to go back to his Fifth Avenue apartment.
Catherine was going to leave, but Janet forced her to take her home.
There are already some people waiting here, from a genetic research institute in the UK.
It's very simple.
After collecting blood samples from Simon and Janet, several staff members confirmed something to Simon again and then left in a hurry to fly back to the UK.
Catherine looked on, feeling confused.
Janet whispered a few words in her ear before the woman understood.
Then, thinking of Simon and Janet about to get married, there was something sour in my heart.
Inside the hall of the NASDAQ Exchange.
After three consecutive rounds of bidding for an hour, blockbuster's opening price was finally confirmed as $19.50.
Then, the official trading began, and the stock price immediately broke through the $20 barrier.
At the beginning of the celebration reception at noon, the stock price of blockbuster has exceeded $23, and the afternoon trading is still very active.
By the end of Thursday's trading day, blockbuster's share price was finally set at $26.5, up 56% from the $17 issue price in one day, with a total market value of $2.199 billion.
As a result of participating in the subscription of the IPO, danielis Entertainment's shareholding in blockbuster remains at 35%.
The total cost of the two investments is about $210 million.
By the end of the day, the $210 million investment of danielis entertainment had increased to $770 million, with a return rate of more than 300% in just one year. In fact, the reason why the stock price of blockbuster rose sharply on the first day of listing was mainly due to the great success of danielis entertainment in this investment.
Denise Entertainment's huge book profits stimulate the enthusiasm of investors to buy, and the pursuit of the market, in turn, makes the investment of Denise entertainment more successful.
After the IPO, the majority shareholders and the management of the listed company should enter the silent period according to the Convention.
However, this will not hinder the normal operation of blockbuster.
On the second day after its listing, blockbuster announced that it would acquire Errol video chain company, which is headquartered in Baltimore on the east coast. Compared with blockbuster, which already has more than 1200 chain stores in North America, Errol only has 250 chain stores in New York, Washington and other states on the east coast.
The final purchase price reached by the two sides is US $40 million, which is in the form of cash plus stock. Blockbuster will also bear the debt of Errol.
The deal has been under negotiation during the IPO period of blockbuster, and the official announcement of the news the day after the listing is also a kind of good news.
After the completion of the deal, blockbuster will have more than 1500 chain stores. Although its market share is still less than 20%, blockbuster is also the largest video rental chain in North America.
According to the announcement of the acquisition of Errol, blockbuster's share price rose slightly again on Friday as expected, breaking through $28 at the end of Friday.
With the successful completion of IPO, blockbuster will also expand its overseas market.On the other hand, Blackstone Group received cersei capital's bid for Blackstone financial management company led by Lawrence Fink, and at the beginning, it directly refused.
Although there is a dispute between Blackstone CEO Steve Schwarzman and Lawrence Fink, Blackstone's financial management company has performed very well since its establishment, and Blackstone is reluctant to let go of its fast-growing subsidiary.
It was not until Lawrence Fink threatened to lead the whole team away that Schwarzman reluctantly compromised, but he still offered a price of $200 million.
Blackstone's revenue last year was $33 million, and its net income before tax attributable to shareholders was about $7 million.
Because of the debt crisis in the second half of last year, even most of the listed financial companies on Wall Street had a price earnings ratio of only a dozen times. Blackstone Group's offer of US $200 million to Blackstone financial management company is equivalent to a price earnings ratio close to 30 times, which is naturally impossible for cersei capital to accept.
At the end of blockbuster's business, Janet stayed in New York to continue the negotiation with Blackstone Group on the acquisition and other departments of cersei capital. Simon returned to Los Angeles with Amy and others at the weekend.
Danielis entertainment, from January 12 to January 18, the box office of ”Batman: the moment of war” still dropped by 31%, and received another $41.06 million. However, four weeks after the release, the cumulative box office of the film also quickly hit 271.75 million US dollars.
Meanwhile, on January 19, Denise Entertainment's first new film of 1990 was officially released, called ”I'm going home.”.
This is a film that Ella doichman bought from the Venice Film Festival last year. At that time, she chose three films, and only this one was finally negotiated.
”I'm going home” is starred by Gerald de padillo, a famous French actor who has more than 10 Caesar Award nominations and awards. It tells all kinds of interesting things that happened when an eccentric American cartoonist led his wife to travel to Paris. Just like ”a fish named Wanda”, which made fun of the cultural differences between Britain and France, ”I'm going home” makes fun of the cultural differences between Britain and France Different.
However, since it was put in January, it is obvious that gaomen pictures did not expect much from the box office of the film. The number of screens opened is only 523, which is considered as a work to fill the release schedule.
Denise Entertainment's recent focus is February's ”pretty girl.”.
The film's confirmed release date is February 9, the week of Valentine's day.
At the beginning, the management didn't think much of the project, which was adapted from the black feature film to tell the love story between the call girl and the financier. However, the final effect of the film was excellent. If it wasn't for Denise entertainment, the film distribution plan for the whole year has been determined, and it will even consider changing to a more popular schedule.
In 1990, Denise entertainment had 12 confirmed movie releases. According to the release time, they are ”I'm going home”, ”pretty girl”, ”crazy fat show”, ”children in cornfield 2”, ”ghost love”, ”bear turtle”, ”ghost”, ”journey to heaven”, ”angel and me at the same table”《 Dance with the wolf, the intersection of life and the kid in charge.
In addition to the films released by the company in person, there are also four works planned for last year's 10 films, namely sleeping with the enemy in cooperation with Fox, shaking the cradle's hand in cooperation with Disney, ten days of danger in cooperation with universal pictures and red powder alliance in cooperation with Columbia Pictures.
A total of 16 films, the same size as last year's release.
Simon's main job in returning to Los Angeles this time is to sort out these 16 films at various stages of production and distribution, and confirm some projects in 1991 in advance.
According to the plan, Pixar will launch its first 3D animated film Toy Story by the end of 1991, and the last film of scream series, scream 3, is scheduled to be released next year. In addition, there will be Madonna's music documentary, as well as foreign cooperation films such as ”end of the world” and ”Terminator 2”.
It's just that it's obviously not enough.
Fortunately, with the continuous expansion of danielis entertainment, the company, like other Hollywood studios, has a number of projects in the pipeline that can be approved at any time. A large number of Hollywood independent producers are also looking forward to cooperating with danielis entertainment. These people have more projects in their hands.