Chapter 492: Buying the Giant Screen Company!
In 1980, it was second only to the Americans that it was as convenient for the people of Hong Kong to go to Canada. Pen % fun % Pavilion www.biquge.info
Because Xiangjiang still belongs to the British trusteeship, it is naturally very simple to go to Canada, a country in the Commonwealth.
IMAX is headquartered in Toronto, near the Great Lakes, in the northeastern part of the United States, so Yin Jun and his team had to fly from Los Angeles to Detroit and then drive to Toronto.
In fact, before coming to the United States, Yin Jun greeted Merrill Lynch in advance and told them that he would visit IMAX.
Merrill Lynch has a branch in Xiangjiang, and they charged Yin Jun 7 million Hong Kong dollars for information consulting, so they are naturally willing to help with this.
So, Yin Jun almost didn't delay, rested in a hotel in Toronto for a night, and took Huo Jianning and Ding Linxiang to meet the three founders of IMAX.
As we all know, the founders of technology companies in Europe and the United States are not very old at all.
Bill Gates founded Microsoft at the age of 22, Zuckerberg founded Facebook before he was 20 years old, etc., and their general entrepreneurial age is between 22-26 years old.
The same is true of the three founders of IMAX.
President Richard Gerfang is the youngest, born in 45 years, and is only 35 years old this year.
The remaining two partners, Technical Director Roman Croto, is 37 years old, and Operations Director Robert Cole is 34 years old, both of whom can be called the age of a strong entrepreneurial environment.
Considering that IMAX was founded 13 years ago, they were much younger.
Merrill Lynch also has a branch in Canada, and with some communication from them in advance, the three giants will meet Yin Jun together in this meeting.
Rao was like this, they were also surprised when they saw Yin Jun so young.
Ge Erfang simply asked his own question directly, "Mr. Yin, I heard from Merrill Lynch that you are a billionaire, how old are you this year?"
When he says billionaire, he means the dollar.
"I'm 18 years old and started my business 2 years ago. Yin Jun smiled and pointed to the coffee table in the corner of the office, "The cartoon you read about "Resident Evil" was written by me and published by my company! My company is now valued at more than 200 million US dollars. ”
"Oh my God!" exclaimed Robert Colton, who was next to him, "You're that genius novelist Jun? Oh, I love your story so much...... I put this "Resident Evil" here, and "Funny Life in the Rainforest", Lord Abu is simply my idol for life!"
As he spoke, he hurriedly took out a pen and paper and put them in front of Yin Jun, "Please sign for me! If you can, please draw a portrait of Master Abu, a simple one!"
Yin Jun couldn't cry or laugh when he heard this.
Such a 1.9-meter-old man actually said that he likes Lord Abu, does this mean that his cartoons are suitable for all ages?
Between thoughts, Yin Jun also drew a portrait of Abu for him.
Abu's appearance is actually relatively simple, especially when she has a black belly, she almost relies on simple lines to make it up, but such simple lines make many people like it.
Yin Jun painted such a portrait.
Looking at the portrait of Abu sketched by Yin Jun, Cole smiled from ear to ear, and put the sketch in his pocket.
When Yin Jun raised his head again, the faces of Geerfang and Kroto no longer had the disbelief they had before.
Because Cole is a huge comic book fan, he buys all the comic book singles published by Kirin Culture, and often brags in front of them about how good this genius cartoonist is, and what a big manga sales miracle he has created.
After listening to it for a long time, they naturally knew a lot of things about Yin Jun, and they didn't dare to say how successful they thought Yin Jun was, at least they had the capital to negotiate with them.
After all, the current IMAX company is only worth less than 50 million, and the job it takes is only the IMAX screen production of teaching films in museums and science and technology museums, which is still much worse than Yin Jun, the world's No. 1 comic company in terms of circulation.
To be honest, over the years, IMAX has not developed well due to technical and financial bottlenecks, and no company has seen their future prospects, so they are also looking forward to a good company at the moment that can invest in them and help them develop new technologies.
Otherwise, even if they have the face of Merrill Lynch, how can they appear at the negotiating table together with the three giants?
In terms of human sophistication, even Huo Jianning, who has not yet been trained, is much smarter than them, and when he sees their posture, he knows that there is a play today.
Coughing lightly, Yin Jun said straight to the point: "Thank you three for taking time out of your busy schedule to meet and discuss with me, our Kirin Culture came here this time, in fact, to give IMAX company wings to take off." I'm incredibly optimistic about the future of IMAX!"
Ge Erfang smiled faintly, "Everyone will say that you are obedient, why don't you tell me, Mr. Yin, how are you going to pile up IMAX for investment? What we need is not just a pension." ”
"Absolutely. Yin Jun nodded, "According to Merrill Lynch's previous asset evaluation of your company, the most important asset of IMAX is actually your technology patent on the IMAX giant screen, so the valuation of $20 million is a suitable price...... And I appreciate your technology and research spirit very much, so I want to buy 80% of your shares at a valuation of 40 million US dollars, and the remaining 20%, 10% of which will be owned by you, and the last 10% will be used to reward technical talents and other meritorious talents, what do you think?"
"40 million?"
The three of them had different faces when they heard this.
Golf was a little dissatisfied, Croto had no expression on his face, and Cole looked interested.
"$40 million is a lot. Yin Jun said in a harmonious voice, "I have also prepared an investment of 100 million US dollars, which will be divided into five years to invest in the company, so that you can increase your technical capabilities, purchase more new equipment and develop technology...... This amount of money is not included in the diluted shares, and when the $100 million comes in, you still own 10% of the company's shares. ”
Of course, $60 million is not Yin Jun's bottom line.
But he won't tell the bottom line directly to others, after all, this is a business negotiation, what fool will say his bottom line in the first place?
$60 million is certainly not a good fit for the value of IMAX, but with the investment of $100 million in the back, it seems unusual.
Although this is the money that Yin Jun must invest in order to develop a complete set of equipment suitable for commercialization in IMAX more quickly, it is also a good weapon to use as a bargaining chip.
When the three of them heard the back half, their faces suddenly changed again.
Even Gerfang looked surprised, and Croto was even more excited.
He is in charge of technology, he is crazy about money, and he can't wait to take 100 million yuan out every day to engage in research and development.
Now someone suddenly told him that he would inject $100 million into it in five years for him to squander in research and development technology, and he couldn't wait to say yes right away.
Geerfang wanted to be a little more tactful, and he quickly spoke first, "I thank you for your attention to us and your optimism about IMAX. But to tell you the truth, we are looking forward to the future of IMAX more than you do. We are confident that we can carry forward the IMAX technology by our own efforts. Of course, it is also very good to have an injection of funds to help us avoid detours. ”
In the previous life, the IMAX company actually went public to make money by itself without being favored, and then developed it by itself.
It is precisely because of this that their shares have miraculously not been diluted much, and the three giants firmly control the IMAX company, and then have the greatest control over the entire giant screen market.
Such a fact, on the one hand, shows that not many people have vision, and on the other hand, it also shows that the three of them are indeed very persistent.
Therefore, Yin Jun knew that he was not just talking, if this price was not enough, Ge Erfang would definitely not agree.
The relationship between the Big Three is very good, and if Golfang insists on disagreeing, then Cole and Croto will not fall out with their old buddies.
"I knew that IMAX was going to be great in the future, so I wanted to be a part of this great technology development. Yin Jun said in a good time, "I don't think my offer is too low, after all, after 100 million US dollars are invested, the machinery and equipment that you haven't replaced for more than three years can be replaced." We don't love money, but many technicians who have just entered the society need a good salary to support their families, and some of the $100 million can be used to attract talents. ”
Croto couldn't help but speak for the first time, "Yes, I have to admit that Mr. Yin, you said it very well, such a generous investment will definitely bring great changes to IMAX!"
"I'm an investor who loves movies, and as you know, I've written a lot of scripts and even published a lot of books. Yin Jun took a book from Ding Linxiang's hand and put it on the table, "Three, have you read this book?"
There is a book on the table, and the cover is a tall and hideous dinosaur.
Croto recognized it at a glance, and they stood up suddenly: "Jurassic Park?...... Oh my God, this is ...... This is...... ...... you wrote"
Cole next to him also patted his head: "The authors of both are Jun, we thought they were the same name!"
This time, Geerfang's eyes widened as well.
Compared with Yin Jun's comic books, "Jurassic Park" and "The Da Vinci Code", which have recently become popular in the United States, are more liked by middle-level white-collar workers and are more famous.
As a fanatical pursuit of IMAX technology, of course, they have also watched "Jurassic Park".
Not only have they seen it, but they have also discussed how to use IMAX technology to make a movie of "Jurassic Park".
Unexpectedly, the author is already sitting in front of them now!
"If you agree to this acquisition, Jurassic Park will be our biggest attempt. Yin Jun said in a harmonious voice, "I believe that in 10 years, IMAX technology will definitely allow everyone to see a big dinosaur with an IMAX effect that they have never seen before! At that time, it will be the glory of all of us!"
"10 years?"
Although Yin Jun said that he was a little enthusiastic, Croto frowned, "What does Mr. Yin mean that we can only succeed in 10 years?"
Without me, it would have been more than 20 years before you succeeded.
Yin Jun replied in his heart, but his mouth was still polite, "IMAX technology has never been used in real 90-120 minute movies, we need to keep trying, I look forward to entering the actual film production after 5 years, and the technology will be completed after 10 years...... You don't have to worry about this, I have a plan to buy the studio, and in the future, no less than 3 movies will be given to you in IMAX versions every year. ”
"Xiangjiang Movie?" asked Geerfang.
"No, American studios, films that are distributed worldwide. Yin Jun said with a straight face, "This promise, we can write it in the contract." ”
Gerfang's mouth moved, but he didn't ask any more questions.
Yin Jun is willing to write it into the contract, so what else can he say?
If you break the contract, you will be responsible.
Ding Linxiang and Huo Jianning here were secretly shocked in their hearts.
They originally thought that Yin Jun would have a film company in Xiangjiang -- after all, a genius screenwriter like Yin Jun would really lose money just by selling scripts to make money, if you look at Hong Jinbao and Wu Siyuan, how much money did they make? Is it very difficult to set up a film company in Xiangjiang?
As a result, I didn't expect that Yin Jun also had ideas about American film companies.
If someone else said this, they would definitely not take it seriously, but Yin Jun was saying it, and the two of them would definitely be willing to believe it.
Because Yin Jun is famous for speaking and doing things very carefully, there is no exaggeration of young people at all.
"50 million!"
Ge Erfang glanced at his two partners, and finally quoted their reserve price, "As long as Mr. Yin you buy it at a valuation of 50 million, and it is a cash transaction, then 90% of the shares are yours! But in addition to the investment of 100 million US dollars, you must also guarantee that "Jurassic Park" must be filmed and produced with our IMAX technology!"
"No problem!"
Yin Jun pretended to discuss with Ding Linxiang and Huo Jianning for a while, and readily agreed.
The boy understood that this was actually his own timing.
At this time, IMAX was the most difficult time, and their conditions were so rich, it was no wonder that they didn't agree.