Chapter 536 (1/2)
On February 23, the day after Simon's low-key 25th birthday, the most important annual report of the westrow system was released.
In 1992, Denise entertainment achieved a total revenue of US $12.7 billion, a year-on-year increase of 37%, and its annual net profit was US $710 million, an increase of 260% compared with the net profit of US $270 million in 1991. At the same time, Denise Entertainment Group's debt scale also dropped sharply again, from $7.8 billion last year to $7.1 billion.
With an annual revenue of 12.7 billion US dollars, Denise entertainment is the largest media group in North America and even in the world.
Such a brilliant revenue data is mainly related to the overall growth of Denise entertainment, film and television entertainment, theme park, consumer peripheral businesses, among which the film business still plays a very obvious locomotive effect.
The net profit of $710 million, which is only 5.6% compared with revenue, is higher than that of several other Hollywood studios.
Moreover, the reason why the profit margin is so low is mainly to reduce the debt and enterprise expansion.
In fact, if you want to, danielis Entertainment's overall debt can be reduced to less than $7 billion. However, Simon did not do so. Maintaining an appropriate debt ratio can help enterprises offset a large part of taxes. As a non listed company, it is also the best channel to maintain connection with capital from all walks of life.
Simon has always been very clear that danelis entertainment has become more and more powerful, and the foundation of the whole westrow system is absolutely not stable. At this time, many things must be as careful as possible.
In order to pave the way for next year's listing, after the financial report came out, Denise entertainment soon announced the detailed data on the igritte portal, and triggered the reprint and discussion of traditional media.
The revenue of 12.7 billion US dollars not only exceeds the revenue of 11.9 billion US dollars of Time Warner in the last fiscal year, but also far away from the seven major Hollywood studios.
Take Columbia Pictures as an example. The total revenue of this big studio controlled by Sony in the past four quarters is only $2.6 billion, which is only one fifth of the revenue of danelis entertainment. Other fox, paramount, Disney and other companies are also far away from danielis entertainment.
In the discussion from the outside world, Denise entertainment also released the news of the upcoming IPO, which quickly attracted more attention.
The planned listing date of the stock is next summer. However, with the announcement of the new year's financial report, Denise entertainment has also started to prepare for next year's IPO more than a year in advance.
According to the latest Fortune 500 data, big business with a revenue volume of 10 billion US dollars has been ranked in the top 30 in the United States. Moreover, the companies that are tied with danielis entertainment are basically old giants with decades of history. The growth trend is far from being able to compare with danielis entertainment, which is still thriving.
At the same time, the overall growth rate of the global entertainment industry is also very fast, which makes Denise entertainment in a very excellent industrial environment.
When Forbes counted Simon's wealth last year, it had already estimated danilisi entertainment at $30 billion.
According to the latest financial data released by danielis entertainment in 1992, the valuation of $30 billion seems to be on the high side, but it's not an exaggeration.
If it is not for danielis entertainment to put a lot of energy on enterprise expansion and reducing debt, the net profit margin of danielis entertainment can reach more than 15%. According to the revenue of $12.7 billion, a 15% net profit margin means a full year net profit of $1.9 billion.
The net profit of $1.9 billion is only 15 times the price earnings ratio compared with the valuation of $30 billion.
For a company with an annual growth rate of 37%, the IPO valuation of 15 times P / E ratio is already very low. After the recovery of the US stock market in the last two years, the average p / E ratio of both the New York Stock Exchange and the Nasdaq market has exceeded 15 times.
The $30 billion IPO will undoubtedly become the largest IPO in North America in the last decade.
Daniels studios.
In the past two days, the group's top management has been holding a summary meeting around the just released financial report, and making a new planning adjustment for the development of the enterprise in the new year.
After the previous two years of integration, Denise entertainment has basically digested the former MCA, and the company's expansion deployment in various fields has been basically completed. Since the IPO will be held in the middle of next year, Simon plans to produce an excellent financial report in 1993 that can truly reflect the profitability of Denise entertainment.
In fact, this is what many companies will do in the IPO process.
At five o'clock in the afternoon, after a two-day meeting, Simon couldn't get off work immediately.
Back in her office, Ella doichman is already waiting for Simon.
The 43rd Berlin Film Festival, which lasts for 11 days, has officially closed on February 22. Danelis Entertainment's ”wedding banquet” has won the Golden Bear award of this film festival as it did in the original time and space. The difference is that in the past, the wedding banquet won the prize together with another Chinese film ”fragrant soul girl”. This time, the only winning work is the wedding banquet.Because the wedding banquet is a work of gaomen film, it is easy for the media to associate Simon's attendance at the opening ceremony of the film festival with the award-winning of the film, accusing the Berlin Film Festival of insider evaluation.
However, the results of the awards have been published, and the quality of the wedding banquet is excellent enough. This kind of controversy is doomed not to cause too many waves. Some years later, the outside world will only remember that the wedding banquet won the Golden Bear award at the Berlin Film Festival in 1993, which is the winner and loser.
As for whether there is really inside information?
Of course there is.
In recent years, gaomen film has been the best cooperative company of art films. The organizers of the film festival may not be able to influence the judges who have made small achievements, but gaomen film can.
Unless they are not interested in the Oscars, Cannes, Venice and Berlin, these judges will not be biased in the process of judging awards.
In the original time and space, the key to why Miramax's films can run rampant in Oscars and major film festivals lies in this.
Now gaomen film is more powerful than Miramax.
Therefore, it is not even necessary to deliberately manipulate anything. As long as the judges do not have any sense of fame and wealth, they will definitely give special consideration to the projects of danielis entertainment in the process of awarding awards.