Chapter 1042

In the United States, the most important thing for Simon in the near future is the financial statistics of Denise Entertainment Group in the past fiscal year. As a leader in the US stock market, the global capital markets are also paying close attention to this matter.

Simon returned to Los Angeles from New York and followed up for a while. Denise entertainment group finally released its annual financial report for fiscal year 1996 on October 17.

From October 1995 to September 1996, Denise Entertainment Group's operating revenue reached a new high of $36.1 billion in the four quarters. Compared with the revenue data of $27.6 billion in the fiscal year 1995, the annual revenue growth rate still maintained a 31% increase, significantly exceeding the growth rate forecast of Wall Street institutions and major financial media between 25% and 30%.

It is not uncommon for an enterprise to maintain even a doubling level of growth in its initial stage. However, as we all know, when the volume of revenue reaches 10 billion US dollars, it is difficult to maintain a high level of growth.

After the annual revenue of danielis entertainment group exceeded $30 billion, the annual revenue growth can still maintain more than 30%, even if it is not a miracle.

Therefore, when the financial report was just released, many people's first reaction was to question it.

How is that possible?

You know, according to the revenue scale of 36.1 billion US dollars, Denise Entertainment Group has enough to be ranked in the top 15 of the top 500 US enterprises by revenue statistics, and juxtaposed with DuPont, Citigroup and Texaco.

However, after reading the financial report in detail, it is impossible to refute everything.

It's like the core film business.

Just in the past summer season, compared with previous years, almost every movie with a box office of more than 100 million this year is inextricably linked with Denise entertainment, which largely represents that Denise Entertainment's share of the American film industry continues to increase.

A layman watching.

For insiders, behind the scenes, this appearance represents real interests.

Moreover, many people are further aware that Denise entertainment has maintained a relatively convergent attitude in previous years. However, from the past year, to be exact, after the successful merger and acquisition of metropolitan ABC Group, Denise entertainment no longer seems to hide its further ambition and edge.

As a small business, compared with the fiscal year 1995, Denise Entertainment's revenue of the film and television entertainment sector in the fiscal year 1996 increased by 34% driven by a series of blockbusters and popular dramas, which is three percentage points higher than the group's average of 31%.

In general, the financial results that all other major Hollywood studios can't match are not due to the sudden explosion of danelis entertainment business in one aspect, but due to the start-up and development of this super media entertainment giant across the fields of film, television, music, games, comics, theme parks and so on.

This is actually the most terrible point.

After all, many enterprises in the development of the bottleneck, in order to pursue further growth, can only open up new business. Danelis entertainment group, which has already taken the lead in Hollywood, can still maintain strong growth in all sectors of the company even without opening up new businesses when many people think that its growth has entered the peak bottleneck.

After the revenue, there is profit.

Also, thanks to not investing too much money in the so-called emerging business, the annual profit of danilisi Entertainment Group reached a new high of US $5.27 billion, up 42% from US $3.71 billion last year, and the net profit margin rose to 14.7% from 13.4% last year.

According to the published financial data of major enterprises in the same fiscal year, daenerys Entertainment's profitability ranks fifth after general motors, ExxonMobil, general electric and Philip Morris. It is also the only five companies with a net profit of more than $5 billion in the current fiscal year.

The market value of daenerys Entertainment Group has exceeded a staggering high of $450 billion during the release of Forbes' US 400 list in August.

With the release of the annual financial report on Thursday, October 17, the share price of danilisi entertainment rose by 3.7% on the same day. The previous day's $495.1 billion broke through the $500 billion mark. The market value of danilisi entertainment reached $513.4 billion at the close of the day, with a one-day market value increase of $18.3 billion. At the same time, danilisi entertainment became the second company in the world with a market value exceeding $500 billion after igritte.

On the same day, a CNN financial reporter commented on the share price of Denise entertainment on his Facebook page, using only one phrase: irrational.

With the surge of new technology, the market value of a media and entertainment company that should not have been so sought after can reach such a high level, which really seems that the market seems completely irrational.

However, after a detailed analysis of the financial data of daenerys entertainment group, the industry has to admit that a series of core enterprises of westero system, such as Cisco, AOL, igrit, etc., by contrast, daenerys Entertainment Group is the most solid-rooted company. Danilisi entertainment business sectors, while maintaining high growth, both revenue and profit are solid.Not to mention anything else, according to the market value of $503.4 billion that closed that afternoon, the price earnings ratio of danilisi entertainment stock was only 96 times.

price earnings ratio is as high as 96 times, and it seems that the word "only" should not be used. But compared with the enterprises with hundreds of times of high price earnings ratio in the new technology field, Danielle's entertainment bubble is actually very low.

Even for some companies on the New York Stock Exchange, because the United States is in a bull market, the P / E ratio of many companies has exceeded 100 times, while the average p / E ratio of all stocks on the relatively conservative New York Stock Exchange has reached 51 times.

The most important factor is the growth rate.

Dannilis entertainment, which is already at the peak of the industry, has been in a state of rapid growth. Although its businesses, whether film, TV, music or games, have been out of the dust compared with its peers, it has not lost its high-speed growth. This is the most direct evidence that dannilis Entertainment's annual revenue growth rate this year can still maintain at more than 30% .

Therefore, it is also the most critical factor to push Denise entertainment to break through the $500 billion.

After all, what the stock market invests in is actually the future. The greater the potential in the future, the higher the stock price.

On the other hand, the two companies of westero system, Denise entertainment and igritte, not only break through the market value of US $500 billion respectively, but also lead the New York Stock Exchange and NASDAQ Exchange respectively, which inevitably leads to a lot of disputes again. One of the biggest voices of

is bubbles.

You know, although the U.S. stock market has been booming all the way, there are still too many investors who take chances to bet on the U.S. stock market turning and choose to short.

Over the past half year, countless hedge funds that choose to short have suffered heavy losses.

Even if these are not directly related to the westero system, they are the first birds in the world after all, and the resentment of huge losses will naturally vent to the westero system.

Secondly, it's a cliche.

Simon westero's personal wealth is too great.

It's huge and frightening.

So I can't help but talk about the need to suppress the growth of Simon westero's personal wealth.

These days, Simon's deepest feelings are actually a little bit.

There's too much money to spend.

This is not the moan of the super rich, but the fact.

It's like Warren Buffett in space and time.

Berkshire Hathaway once held hundreds of billions of dollars in cash, because the volume is too large, there is no place to go, and some old man is the kind of stingy type who does not give dividends to shareholders. Therefore, in the eyes of Warren Buffett who pursues compound interest and is afraid of inflation, this is a considerable distress.

Now Simon has begun to face this problem.

Money is really too much to spend.

Take danielis entertainment as an example. Simon still owns 78.3% of danielis entertainment group.

According to Denise Entertainment's 1995 profit data, in theory, Simon can get 4.1 billion US dollars of profit dividends. Therefore, not to mention the value of Denise Entertainment's stock itself, not to mention the continuous profits of all other enterprises in the huge westero system, it's just Denise entertainment, which has more than 4 billion US dollars of dividends a year. It's just personal expenses, OK Mongolia needs to spend an average of $11 million a day to spend it all.

What is the concept of $11 million?

According to the current market price, this money can buy about a ton of gold. Obviously, to spend 11 million dollars a day is really a physical job.

Therefore, even if Simon's life is luxurious, his personal expenses will only be a small part.

If we say investment, this seems to be the best way to spend money.

However, Simon does not have this habit unless he squanders money without considering the income at all. If he wants to make a rational investment to ensure the possibility of value-added, it will take a huge team to rack their brains to find a reasonable place.

What's more, it's just a year's income, and it's just a danilisi entertainment company.

If we do not consider tax avoidance or reinvestment and other factors to stimulate the profitability of all enterprises in the whole Westeros system, the annual dividend belonging to the Westeros family will reach US $120 billion, and it is still only at the present stage, and the number will only become larger and larger in the future.

Even in ten or twenty years' time, it is not impossible for dividends to reach hundreds of billions of dollars every year.

If it really reaches this level, such a huge amount of money, there will be nowhere to go.

The problem is that the whole westero system has reached the economic size of a strong country, but there is no need to support tens of millions or even hundreds of millions of people, which inevitably leads to the situation of only entering but not leaving.

For a country, if it has a long-term fiscal deficit and does not have the ability of the United States to transfer the dollar to the whole world, it will inevitably collapse. Similarly, when a country can accumulate a large amount of surplus every year to a certain extent, the result will not be very good.Pigs are too fat, but they make people red.

The biggest problem of the westero system in the future is that it may continue to accumulate a large amount of surplus. Therefore, Simon must find a suitable way to solve this problem.

Malibu, daenerys studios.

On the second day after the financial report was released, after the meeting with a group of senior executives, and other people left, Nancy Brill, the youngest son and daughter left by Simon, couldn't help joking: "are you worried about too much money to spend recently?"

Simon is sitting in the middle of the wide conference table, looking through a sales data file of Diablo, which was released in January. He probably understands that this is some small gossip that a woman got from chatting with two jennies in private. He smiles and asks, "do you have any good ideas?"

Nancy moved from the opposite side of the conference table to the right seat opposite Simon, shook her head and said, "I can't help it. In my opinion, as the Matthew effect advantage of westero system becomes more and more obvious, you will face more serious similar distress in the future. I think this is a very dangerous tendency. "

"Well?"

"Obviously," Nancy said, "you have so much. Even if everything is legitimate, the problem is that you have too much, so much that many people fear, so much that the sense of imbalance among the people at the bottom will only become stronger and stronger. "

Simon stopped, laughed and asked, "well, what do you think will happen?"

Nancy leaned forward slightly and shook her head again: "I don't know, because there has never been such a precedent in human history. What's more, it is still the most civilized stage in human history for thousands of years, and there is almost no chance that your personal property will be seized by violence. However, there is a certain danger, so I don't think so I understand

Simon, still smiling, said, "you've got it."

Nancy wondered, "what?"

"Violence," Simon said, "there is nothing new under the sun. Thousands of years of history on this planet, no matter what type of change, in the final analysis, is due to violence. Moreover, in my opinion, the more so-called civilization is, the more vulnerable it is and the easier it is to be brutally destroyed. "

Nanxi slightly micro suddenly: "it seems that you have definitely considered these issues more than once."

"Of course, I have also taken a lot of substantive actions."

Nancy turned her head and asked, "since you are sure that civilization will be destroyed by barbarism, do you think you can avoid this fate?"

"Why not?" Simon asked, his smile slightly restrained, and his temperament turned sharp: "I never said that I intend to stand on the side of civilization."

Nancy was frightened by Simon's sudden change of momentum. She reacted and couldn't help tit for tat: "boss, if you turn to barbarism and use violence, isn't that the same as giving someone an excuse for you?"

"I turn to barbarism, but I don't necessarily use violence," Simon said with a relaxed smile. "Little Nancy, in my opinion, barbarism and violence are two concepts. Many times, barbarism without violence is far more destructive than violence."

When Nancy heard the name of a "little Nancy", she became more and more aggressive and said, "I don't believe it, for example?"

"For example..." Simon deliberately drags his voice to think about what he is doing in France. He thinks it's better not to tell the French girl. He sells the story a little bit. When Nancy, who is more and more looking forward to it, opens her eyes slightly, and then says slowly: "it's better not to tell the French girl I won't tell you. "