Chapter 400 (1/2)

After the U.S. Department of justice officially approved the acquisition of MCA by Denise entertainment, the pace of merger between the two companies has been accelerating.

In the following week, Denise entertainment continuously announced various news about corporate finance and personnel, which made people dizzying. Therefore, few people realized what these news meant.

At the press conference on the day the acquisition was approved, Denise entertainment CEO Amy Pascal announced that the equity delivery of Denise entertainment to MCA shareholders would be completed by the end of February.

At the same time, danielis Entertainment's funds for the acquisition of MCA will all be obtained through loans.

The next day, daenerys entertainment announced that it would cooperate with Hollywood legendary director Steven Spielberg on two projects, namely dinosaur science fiction film Jurassic Park and Schindler's list about the Holocaust in World War II.

Although Denise entertainment is not a listed company, the announcement of this cooperation has made the industry more optimistic about the new Denise entertainment group, which is suddenly burdened with an additional $7 billion of huge debts. This is not just because of Denise Entertainment's collaboration with Steven Spielberg, but also because of the other implications behind the Schindler's list project.

Then, Amy Pascal, the CEO of danielis entertainment, announced the renewal of her contract, which will expire in March this year.

The powerful Hollywood woman who helped Simon westero build danielis Entertainment Group in just a few years, and the renewal terms became the focus of the media, which attracted all kinds of speculation.

After a lot of discussion, the entertainment information section of igrit portal finally revealed the answer.

Amy Pascal's new contract, with a term of three years, raises his base salary to $750000 a year, and the sharing terms are consistent with the 1987 agreement.

Both belong to the westero system, the information of igritte portal is actually equivalent to the official announcement.

However, the interpretation of the contract has not stopped.

Most media originally predicted that Amy Pascal's current contract term is likely to be the usual five-year contract of Hollywood executives, as is the case with the top leaders of several major Hollywood studios, such as Michael Eisner, Peter Cooper and Shirley Lansing.

Therefore, the three-year term is worth pondering.

The media in the industry do not think that this is a sign that Amy Pascal may leave daenerys entertainment. Otherwise, vestlogan could not have given the female executive the same 5% of the company's net profit and the same amount of equity award as four years ago when daenerys entertainment scale has expanded countless times.

You know, the profit and dividend ratio of the directors of various studios in the industry is usually only 2%.

Even if danielis entertainment will face great debt pressure in the next few years, resulting in shrinking profits, the total salary contract equivalent to 10% of the company's net profit is absolutely a big deal.

Well, look back at Pascal's contract period.

Three years.

It probably means another node.

As we all know, before the IPO, the contracts of company executives need to be readjusted.

Danielis entertainment has just merged MCA. It's not wise to start the IPO plan in the short term. The digestion time of three years is just right.

At the same time, several in-depth cooperation agreements between daenerys entertainment and Panasonic also appeared in the media, so the outside world finally learned why Panasonic would quit the bidding for MCA.

In a series of hot news, negative news is inevitable.

Before the acquisition was approved by the U.S. Department of justice, Denise entertainment had 3000 employees. The two companies had similar revenue in the past fiscal year, but MCA had more than 12000 employees worldwide.

The reason why westero chose not to lay off staff after its acquisition of Bell Atlantic is that the rapid expansion of the telecommunications industry in the field of mobile communications and Internet can naturally digest the redundant human resources of Bell Atlantic.

Moreover, because he didn't know much about the telecommunications industry, and Bell Atlantic didn't need to cut staff and cut expenses to solve the debt problem, Simon finally chose to be quiet.

MCA is different.

Because there are a large number of overlapping functional departments between danielis entertainment and MCA, under the management of Lou wassalman, MCA itself will inevitably have serious redundancy problems that are common in large companies.

As a result, layoffs are inevitable.

”Hollywood Reporter” for the first time exposed Denise entertainment in the merger after the completion of the new company may be up to 3000 large-scale layoffs plan.

Employment has always been a focus of American society.

For politicians, the employment rate is their performance. For enterprises, the protection of employment is also the embodiment of corporate image and social responsibility.All of a sudden, 3000 people may lose their jobs, and the whole of Hollywood is on the move.

At the beginning, forced by the situation to give up, the three major trade unions that prevented dannilis entertainment from purchasing MCA immediately came forward and denounced dannilis Entertainment's possible layoff action. The media in North America and various labor security organizations in California have begun to pay close attention to this issue.

At the end of the day, the new governor of California and several members of California Congress who just took office at the beginning of the year expressed concern about this matter

in the face of public opinion pressure, after a short silence for a few days, Denise entertainment quickly clarified that there was no layoff plan of as many as 3000 people.

However, because the merger of the two companies has brought a lot of duplicate jobs, Denise entertainment has to make a choice, but it can guarantee that the size of layoffs will be strictly limited to 1000 people.

At the same time, Denise entertainment also promised to create at least 1000 jobs in the next three years through its own business expansion.

The number of layoffs has dropped from the rumored 3000 to 1000. Although the accusation is still inevitable, it is much easier for the outside world to accept it.

While the merger continues to advance, the Valentine's day schedule in North America in February also quietly opens.

Last year's Valentine's Day season saw the box office black horse ”pretty girl”. This year, the film released by danelis entertainment also received extra attention from the media.

However, compared with ”pretty girl”, this Valentine's Day movie released by danielis entertainment seems to be a lot of non mainstream. It's called ”fight smart”.