acquisition of a film company
Cruise Wagner Productions.
It was a film production company founded by Tom Cruise in 1993.
The first movie they made was Mission: Impossible 1.
‘It’s really a scammer in the film industry.’
At the age of 24, he became a Hollywood star by filming Top Gun.
At the age of 31, he went into film production and made an all-time box office hit!
Watching movies starring Tom Cruise may not be as fun as expected, but so-called ‘mistakes’ were rare.
‘I have eyes for watching movies.’
Mission Impossible series, The Others, Vanilla Sky, War of the Worlds, Jack Reacher and more.
Many of the movies I enjoyed watching were made by Tom Cruise’s production company.
I would say that he is a person who has dedicated his life to movies.
The sequel to Top Gun, Top Gun: Maverick, was also co-produced by Tom Cruise.
Tom Cruise said with a serious face.
“Top Gun is a movie I really love.”
“yes. I know. If it wasn’t for this movie, I wouldn’t have made it to Los Angeles.”
“Make fun for a lot of people… … .”
“This is why I founded Earth Channel. A good movie can be more enjoyable in a movie theater with a big screen, but today’s weary audiences may not be able to afford to wait that long.”
There was silence for a while. And Tom Cruise said with a laugh.
“Do you have a place to sleep in Los Angeles?”
“I am thinking of booking a hotel nearby.”
The good thing about being rich was that the best suites in any hotel were often vacant.
“If time permits today, I will invite you to my house. See the film and judge for yourself.”
* * *
Beverly Hills home.
In Tom Cruise’s luxurious multi-room mansion, of course, there was a separate movie room.
On the big screen hanging on the wall, I watched Top Gun, which Tom Cruise has as a producer.
The film begins with a scene where fighter jets take off and land on an aircraft carrier.
‘People must like it a lot.’
Let’s call it perfume.
It was a famous movie, and the trailer was so good.
That’s why I thought it would be a charming movie no matter how much it was.
‘Wow… … .’
An old pilot’s movie.
I was sucked into the story that seemed to contain the life of Tom Cruise.
‘It’s fun.’
There was power in a simple story.
Wouldn’t everything be solved with just one word?
The desire to show this movie to many people grew even more.
“How was the movie?”
late at night.
I answered Tom Cruise’s question.
“I felt you were alive.”
* * *
In Hollywood, blockbuster films have grossed over $500 million.
This was the reason why even Netflix couldn’t catch Hollywood blockbusters easily.
It’s difficult to make a profit or loss in a dizzying way.
The next morning, Tom Cruise agreed to release the Earth Channel if he could convince Paramount Pictures, who co-produced and distributed it.
“Your comment that the audience will be waiting for Top Gun moved me.”
“yes. I want to show people good movies.”
As soon as he left Tom Cruise’s mansion, he texted Ellie.
―Kim Shin: Elly, I want to buy stock in Paramount Pictures.
―Elly: How much?
―Kim Shin: As long as you can live.
―Kim Shin: I think I need to become a shareholder in order to negotiate smoothly with them.
It began acquiring shares of Paramount using Wall Street financial institutions.
Because it was a film production company that was directly hit by Corona, the market capitalization was estimated at about $ 12 billion.
―Is there any reason for acquiring a stake in our company?
A call from the CEO of Paramount Pictures within days.
“I want to invest in Paramount’s film industry. To do the OTT business that Earth Resources will start.”
I even considered the extreme resistance, but the other person’s attitude was polite.
―I see what you mean. I would like to meet for negotiations.
A condition for receiving Paramount Pictures’ films, including Top Gun.
Negotiations were entrusted to professional consulting firms in the US, including Eli.
Because it requires a lot of data and calculations.
―Ely: Paramount Pictures basically says that it is difficult to provide films that have not yet been released. Even though there are only two releases this year.
―Kim Shin: Is it a condition that can never be changed?
―Elly: Because the films they filmed are their core assets. However, the situation in the film industry is not very good. This year’s business was completely ruined, and if it can’t be released until next year, it’s hard to avoid a loss.
―Ellie: The cost of film production is also skyrocketing. In the end, it will depend on the amount you offer.
Most problems can be solved with money.
‘If you spend more than $300 million on Top Gun… … , It must be difficult to make a profit through the Earth channel.’
Even if the initial subscribers are 20 million, if you receive $ 5 each, you should put more than 3 months of total revenue into Top Gun alone.
It’s hard to make a profit, but if I had more money, I could make a way.
―Kim Shin: Can’t you just take over Paramount Pictures?
―Elly: I think that way is also possible.
-Kim Shin: Really?
―Elly: Viacom is the largest shareholder, and four years ago, they tried to sell a 49% stake to China.
―Ellie: Under the current situation, even taking into account the management premium, it might be possible to acquire it with an amount of $7 billion.
While trying to get the release rights to Top Gun, I even considered purchasing the entire film studio.
It is a situation where the belly button is bigger than the belly, but it was thought not a bad way to grow the earth channel in earnest.
―Kim Shin: Then try it.
Although it was a large M&A, negotiations progressed quickly.
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Viacom’s management has agreed to the sale of its stake.
―Elly: They ask how to sign the contract and pay the balance. If you need business funding at Earth Resources, JP Morgan can give you a loan.
―Kim Shin: Personally, I don’t care about borrowing money.
―Kim Shin: I’ll sign the contract next week. The balance is to be paid immediately.
-Elly: I see. That’s how I’ll end the negotiations.
* * *
Jin Yu-kyung thought while staying at Kim Shin’s mansion for two weeks.
‘I won’t fall for anything. Is it the deceased?’
It must have been a goza.
I didn’t know if one day I would be in a good mood, so I put on makeup every day and even wore pretty clothes.
Still no action!
“It’s not like a eunuch.”
“okay?”
“Would you say that the way you look at the managing director is like an older brother looking at a younger sister?”
“Is it?”
Jin Yu-kyung could understand the secretary’s words.
It was so comfortable and he treated me well, so I felt like family.
“I have to go back to Korea first.”
I had to deal with the overdue work of Mirae Group, and there were a lot of busy things.
She said goodbye to Kim Shin, holding back tears.
“I’ll be fine until next time.”
“Are you coming again?”
“It’s a pity to send it, right? But don’t wait already.”
“… … .”
“I’ll make you a lot of delicious things next time.”
“The chefs are really good.”
“It’s not as warm as home-cooked food.”
“… … .”
* * *
After Jin Yu-gyeong left, the house became much more comfortable.
I knew her heart, but as I approached her aggressively, I rather avoided her.
‘Should I really get married?’
Meeting someone, liking it, having a family, having children.
Wouldn’t the one year with Han Chae-won be the worst to expect happiness in ordinary everyday life?
If you marry another woman, you won’t go through that experience again.
For now, I enjoyed my job much more than the thought of marriage.
“Jongyeop.”
“Yes.”
“Let’s find a house.”
“Are you moving to a new house? Well, this house doesn’t seem very spacious because of the bodyguards.”
It’s been a few months since I moved into the house I live in now, but in the meantime, my property has increased so much.
The bodyguards were increasing in proportion to the increased wealth.
In the United States, where guns are allowed, the idea of preparing for an emergency was a big one.
‘I don’t know what kind of idiot there might be.’
In India, I ate casual street food, slept in barns, and even swam in dirty rivers.
Although those days remain as fun memories, it was enough as a one-time experience.
“Find another mansion overlooking the sea.”
“A sea view?”
“yes. I want to get a house with a sea view from the bedroom.”
It is a reward for working hard and earning money.
Stress builds up when you are busy working, so I thought it was important to take a good rest.
“older brother. How about near Los Angeles? There are quite a few nice mansions.”
“Well, not bad.”
I don’t often go to a house with a seaside view.
I went to Los Angeles recently and liked it.
I thought it would be a good place to sleep next time I stay in Los Angeles for work.
‘If Earth Channel does well, I might have a lot to do with Hollywood.’
So Lee Jong-yeop came to know the mansion overlooking Laguna Beach.
They showed me pictures I took myself, and I even liked the scenery of the beach or the city.
“50 million dollars?”
“Yes. It’s on a hill, so you can see the beach, and it’s a city where many artists live. The building is very pretty.”
“It must be a new feeling.”
“A lot of beauties come to play.”
I didn’t even think about buying a house for 5 seconds.
Just 2 years and 6 months ago, whenever the price of Bitcoin went up and down by 10 million won, I was under a lot of stress.
I felt that my life had changed a lot.
* * *
The preparations for the opening of the Earth Channel have been completed.
〈Earth Resources Acquisition of Paramount Pictures〉
〈Top Gun: Maverick to air on Earth Channel〉
〈Games, broadcasts, movies. Earth Channel that gathers all contents in one place＞
The Earth Channel is widely known to the world even without publicity in the media.
Acquired management rights of Paramount Pictures and secured OTT transmission rights for Top Gun.
Paramount Pictures is paying $4 for every person who watches Top Gun on the Earth channel.
The money was to be paid as a running guarantee for co-production companies and actors.
– Crazy. You can see Top Gun on Earth Channel!
―You will be excited as soon as you open the Earth Channel.
– Unconditionally. sign up right away
―There is nothing to watch entertainment these days. Many of them will be released on Earth Channel.
―PDs are changing jobs regardless of terrestrial or cable channels.
―I heard that more than 20 Korean films will be released starting in November.
-How much is the monthly fee?
– Not disclosed yet. Wouldn’t it fit roughly on Netflix?
There was a lot of interest and reaction to Earth Channel in Korea.
The opening of the Earth Channel was set for November 1st.
The scheduled date is approaching day by day, and I was looking forward to it for no reason.
said Diane, head of content for the Earth Channel.
“Considering your popularity in Korea, I think we will be able to secure more than 30 million users on the first day.”
At least 5 million in Korea.
Judgment to attract 23 million subscribers in the US and more than 2 million in other countries.
“That sounds like a lot.”
“yes. We should be able to attract over 70 million subscribers in the first month.”
Netflix has over 200 million subscribers.
It was a calculation that quickly followed them based on low prices and famous movies.