Chapter 343

WB television network is a television company in the United States. It began broadcasting on January 11, 1995. The owner of WB television network is Warner Brothers.

Representative works include SPN, autobiography of Superman, Gilmore girl, Buffy the vampire hunter, love times, felicity, and the vampire girl.

In the original version, it will merge with UPN TV station this autumn to form CW TV network, hoping to compete with the other four TV networks as the fifth largest TV network.

Although it is within the Time Warner Group, it is in a more difficult situation than unp. Time Warner has the world's largest broadcasting system, including CNN, Netscape, HBO, Turner TV Department (including hundreds of channels such as Turner TV network and its CNN). WB has been excluded and discriminated because of losses. As a subsidiary of Warner Bros. entertainment company (including Warner Bros. pictures, DC Comics and Warner Bros. games), the board of directors of Time Warner has successfully persuaded Warner Bros. entertainment to spin off the WC Television Bureau. They can consider selling or cooperating with their old friend UPN.

They also have their own news channels. It is said that rich Larry waved a check to buy UPN. That is both envy and jealousy. What about the good cooperation?

However, they soon heard that the transaction between the two sides was not successful, and made paramount president gray resign and leave. They were happy to hear that Nancy Josephson of ICM came to test and put forward their intention to buy WB to the board of directors of Time Warner.

Richard, the chief executive of AOL Time Warner, headquartered in New York, immediately said that it could be sold, but the price must be appropriate.

AOL Time Warner is one of the main shareholders of WB and provides distribution services for Time Warner's films and TV programs. WB also owns 16 TV stations of American Forum company, plus more than 30 affiliated TV stations, which can cover all TV users in the United States.

AOL Time Warner, the world's largest media company, is divided into seven parts. Each part has its own Chairman of the board of directors and CEO, who are responsible to the board of directors of the head office. These parts are: interactive service series, network, publishing, music, film entertainment, cable system, and their interactive video parts.

Now AOL Time Warner, AOL is a huge loss. The once arrogant Internet giant company has shrunk to the level of billions. Affected by this, the company has been in a state of loss, and spin off is inevitable.

Time Warner is the winner in the absolute sense. For any media type and any media content form in the world, it is the main operator. It is an inevitable choice to acquire high-quality assets and peel off non-performing assets. As long as there are benefits, they can sell themselves, not to mention its loss making subsidiary, like selling to AOL in the past and rice in the future China Telecom, not to mention the Ministry's sale of WB, will not affect their dominance in film and television entertainment.

The positioning of WB by the board of directors of the parent company is that it has a budget for a long time. It depends on who has more interests and who has less interests. However, Barry Diller, Kevin and Jim, the chairman of WB TV station were specifically talked about.

The representatives of MM came here waving a check. They didn't mind killing him. These young people rose under their eyes and became giants under the power of strong contacts and capital. In those years, a film studio established in the underground garage of bedwood district has actually acquired a giant company and become one of the competitors. Nothing is more magical than this , they feel extremely untrue.

However, Josephson, President of ICM and the top ace agent in Hollywood, is not a good man or woman. She knows everything about AOL Time Warner. It's not easy to pit her. Moreover, there is a lot of cooperation between the two sides. No one is more suitable than her. Josephson is also very interested in this matter. If this matter is successful, she can hire tens of millions of servants and catch M M group this line.

As a newly rising media group, they have determined the strategic idea of content + channel + derivatives, but their core is film production. Recently, they have the trend of developing to the television industry. It is good but not bad to catch up with such a rapidly developing company. Although mm also has a brokerage department, compared with ICM, the gap is huge.

Like News Corporation, Time Warner also focuses on the global TV industry and focuses on the development of TV as the most profitable business. However, Time Warner is committed to producing programs and channels rather than developing the whole satellite system. This is the difference between Time Warner and News Corporation. Compared with these giants, mm is still in the initial stage, so they are in urgent need of support Has its own television network.

Nancy Josephson can see this clearly, but mm group is not as easy to deceive as the original Japanese sonny. They are the new forces rising in Taiwan and belong to the local leaders of professionals. Under the guidance of Michael owitz of CAA, sonny spent almost double the price to win Colombia, while MM's egger said that he would control the upward price of WB at 100% 18、 If it goes up again, it's not worth it, and he egger also said that Josephson's main profit points will also be generated here. The lower the price, the higher the Commission.

After the failure of the Viacom incident, egger didn't want to hang from a tree and began to contact those small and medium-sized TV stations frequently. Barry Diller can build Fox TV as one of the four major TV networks in the country. He can also. Egger started TV and his ability is not under Barry Diller.

Egger's approach echoed Josephson's negotiations. If Time Warner thought that this was a seller's market, mm had only one choice, and the purchase price would rise madly and become a worthless loss sale.

After a round of negotiations, the two sides have gradually reached an agreement that mm will purchase WB at a premium of 17%, and the total amount of this transaction will reach US $4.2 billion. At the same time, mm will not be allowed to use the name WB and change it to MM TV station.

WB is the abbreviation of Warner Bros and the abbreviation of the famous Warner Bros. it is not Wang ba. This sign alone is worth hundreds of millions. At the same time, the series mm TV network produced by the original WB TV station can be broadcast for two years, and all later belong to Warner. DVD and its related copyright belong to Warner from the time of signing the contract.

Moreover, as one of the additional conditions, Warner has the production and investment rights of hangover 2, chainsaw 3 and its sequels. In the past, they only had the distribution right. Now, taking advantage of this great opportunity, they finally get involved in this fat meat. They even want to win the distribution right of the Hobbit, but MGM is desperately opposed.

And they confirmed once again that Mark would continue to direct the dark knight and the rise of the dark knight, and the original conditions remained unchanged. They were very afraid of the rising tide. Mark stopped playing. As one of the two souls of Batman, mark stopped playing. There was a risk that this series of babies would die. As for the twisted plum, they had some ways to clean up him, Is there no way for such a large media group to clean up an actor?

Mm can quickly win the WB TV network. On the other hand, they promised to trade in cash, not stocks, options or equivalent items, but the most scarce cash now, and it was paid in a lump sum, which finally moved Warner's heart.

On January 7 this year, mm president Edgar was authorized by the board of directors to issue a goodwill offer to Warner Bros. entertainment to acquire WB TV network for us $4.2 billion. Warner Bros. entertainment agreed to this invitation and reported it to the board of directors of the parent company. The board of directors of AOL Time Warner in New York approved the proposal of Warner Bros. entertainment.

The news spread all over the country through CNN's television network and became a sensation in the entertainment industry. Although it did not steal the limelight of the two major awards in the award season, the Golden Globe Award and the Academy Award, it was almost the same.

The four giants of mm, egger, mark, David and Megan, flew to New York on the Gulfstream V private plane of the Ellison brothers and sisters to sign. At the same time, they were accompanied by a large group of people, such as David, Sophia, Giselle, David Lee, heath and so on. They attended as a group of relatives and friends and witnessed this historic moment.

The signing ceremony was held in the multi-functional media room of the headquarters of Time Warner Group in Times Square. CNN broadcast it live. They also contracted the landmark building of times square and broadcast it on the NASDAQ screen, attracting countless onlookers.

The two sides signed and then exchanged signatures. The signing representatives of Time Warner include Richard, executive director of Time Warner, Barry Mayer, representative of Warner Bros. entertainment, and Jim, chairman of WB TV network.

The heavyweight guests invited to attend were a large number of business elites such as Oracle president Larry, Pingguo president Qiao Bangzhu, and New York Mayor Bloomberg. As many as 100 media participated in the interview and report on the scene, which was very lively.

At the moment of signing, the WB TV network, which was launched in 1995, was officially transferred to mm and renamed mm TV network. It has 16 directly affiliated TV stations in 16 major cities such as New York, Los Angeles, San Francisco, Atlanta, Boston and Memphis, and 35 affiliated TV stations. The wireless signal covers the whole country, ranking sixth in the wireless public TV station, Second only to Viacom's UPN TV station, but this is a theoretical ranking. UPN and mm are not as good as Fox TV network, which ranks fourth.

The plan of WB changing its flag to MM TV network and merging with UPN into CW TV network failed. Although the plan was proposed by the original WB, they had no meaning in this regard (further cooperation) after changing their name to MM TV network.

As a transitional period, WB TV network will broadcast all the old programs before January 15. Starting from the 16th, they will change their name to mm and broadcast the dramas produced by Columbia film and MGM film under mm group. Their film channel will broadcast the films in MM's super film library, and the first TV series premiered by mm TV network will be grey, an intern In the second season, this is a divine drama that won an average audience rating of 15 million per episode on CNN.