After ending this topic, Jing Jian continued to ask: "How is the copyright acquisition?"

Although Seed Entertainment is currently acquiring various copyrights, it still accounts for a small proportion in terms of total number. In Hollywood, those who are willing to sell are basically price issues, and the rest are non-selling items. For example, several major studios, as long as they are copyrights, whether it is the finished film or the most basic script, they only enter and leave, and they will not even give them a chance to discuss.

In fact, this paranoid state really won the end. With the development of future technology, DVD, 3D version, online on demand..., the copyright operation has brought about the revolving dollar.

However, Jing Jian knew that technological development would be in the future, so he was so obsessed with copyright. Especially for the planned professional film website, if there is no film copyright of those large studios, it would be like a restaurant without its signature dishes.

Ding Sheng's answer was a bit surprised: "Young Master Jing, you know, it is too difficult to acquire directly, and there is basically no progress. So I want to acquire curves. Although the steps are more complicated, they can be done in one step."

"Oh?" Jing Jian suddenly became interested.

"I have asked someone to inquire that not only the studios owned by copyrights are also leasing companies. Although the copyright owned by the rental company is not complete, and the studios have to share the credit for each operation, at least there is no limit. As long as the share is paid according to the contract, it is basically equivalent to permanent ownership. But there are still disadvantages, new films within three years are not very complete. But overall, the price is not very high, mainly because the quantity is relatively large."

In the rental of new films, major rental companies also compete. Generally, exclusive issuances will be issued within three years after bidding. After three years, it can be sold to other rental companies that do not have the exclusive issuance rights.

Jing Jianke understood what Ding Sheng meant: "You mean, to acquire a rental company? Yes! Anyway, the technology has not reached that level in a few years. Let's enrich our film library first. Oh, since you mentioned it, you must have a plan. Let's talk about it!"

Ding Sheng was prepared: "Our goal is Miracle Leasing Company. This is currently the third largest videotape leasing company in North America. Its advantage is that its equity is relatively concentrated and there are no institutional investors. And after contacting them, they have the intention to sell. However, after they knew that the buyer was us, they made a strange request..."

"Haha, don't keep it aside."

"Well, Mr. Jing, I apologize. 72% of Miracle Leasing's shares are concentrated in the hands of three major individual shareholders. Bank of America has 11% of its shares, and the rest are small shareholders. However, the current operating conditions are not good. The statements in the past three years are: Big-year profit of US$4.21 million, the year-on-year profit of 810,000, while last year's profit rose slightly to 1.49 million. As for this year? Due to the continuous acquisition and expansion of the first two major leasing companies, and the price reduction promotions to compete for the market, the profit level may decline again. Even losses are at most a small profit state."

Jing Jian nodded. This is another story of the eldest and second brother fighting, and finally falling down is the story of the third brother. Moreover, the media groups have also had a great penetration of the video tape rental market. For example, the video tape rental companies in the top two have actually been controlled by the media group. Therefore, a private company like Miracle Leasing, which has "no background", will only make life harder and harder, and no wonder they want to take it off as soon as possible.

"What about the price?" Jing Jian asked.

"The three major shareholders made joint offers to us. There were two prices, one was $50 million; the other was $28 million, and they helped convince Bank of America and those small shareholders."

Jing Jian smiled: "They forced us to choose the second offer. Tell me, what are the conditions that make people embarrassed?"

Ding Sheng shrugged: "These three major shareholders are actually the second generation, and their style is not as conservative as the first generations who founded Miracle Leasing. They have long been dissatisfied with the traditional videotape leasing industry and believe that the profitability is too low. They are enthusiastic about the latest and most popular high-tech companies, so they want to cash out the funds and invest in Silicon Valley. In fact, I asked the insiders to estimate that even if the 30% premium is added, their shares will be worth only US$33 million. The 50 million is a huge price, and they cannot be real. The cost of a wholly-owned acquisition should be between US$45 million and US$50 million."

Jing Jian nodded, the price should be about the same.

Ding Sheng continued: "Mr. Jing, you actually know that investment in Silicon Valley is high-risk and high-yield, and there are many traps for outsiders. So the three major shareholders asked that the 28 million yuan could be exchanged for the angel round or round A financing of your high-tech companies."

"Damn!" Jing Jian couldn't help but make a dirty mouth. He laughed and scolded, "Are they afraid of slapping to death?"

To be honest, Jing Jian has been persisting until now and has basically never let go of the angel round financing of his own companies, let alone the A and B rounds. He just doesn't want to dilute the equity, so that the company can be absolutely controlled by himself, and can control the company's future strategic direction. Otherwise, those angel investors would have long since waved US dollars to kiss. Wall Street giants like Cowell would not have taken any action behind the scenes, trying to force Jing Jian to surrender.

However, Jing Jian quite admired the three investors' vision. He found the popular industries in the next decade, especially if he wanted to take on his own sailboat. He was very brave and dared to speak out. To be honest, if he really gave them the original equity, not to mention it, it would increase at least 100 times in the future, and they could easily become billionaires.

Ding Sheng also smiled: "Mr. Jing, I understand that you have never set such a precedent. But it is indeed rare. They still have a lot of high-quality assets. They have limited copyrights for more than 43,000 movies and TV series, more than 800 storefronts in six southern states. There are also two studios in the San Fernando Valley, one wholly owned and the other 65%. The profits of these two studios are quite excellent. To be honest, the reason why they have not lost money in the past few years is because of the benefits of these two studios."

"Cough cough." Jing Jian was almost shocked and dropped his chin. "San Fernando Valley?" He was already running in his heart. Could it be that if he was not careful, he would become the king of the little movies?

Ding Sheng was a little surprised when he responded to Jing Jian: "Mr. Jing, as long as it is legal money, you shouldn't wear tinted glasses, right? We are discussing investment, and the only judgment is the rate of return. In the United States, including many famous companies and individuals, such as General Electric, have investments in the San Fernando Valley, and it has not affected their reputation, right?"
Chapter completed!