"NBC Broadcasting Corporation is also very interested. They are waiting for the fax of that document." The third good news came soon.
"It seems that media groups that are far behind in the Chinese market want to free ride, right?"
Litman's wealth has shrunk, but he still has a deep understanding of the media industry.
"Yes, it seems we need another toast."
Someone invited the waiter, and everyone was in a good mood to raise their glasses again. Not long after, people cheered everywhere at the reception, and the Wall Street-style carnival party began.
Early the next morning, Times Square, Nasdaq Stock Exchange.
The underwriters have sold out the shares of Litman Media at the issue price of $10. Before the call auction has reached $13.5 per share, the negative effects of the advertising ban have been completely wiped out and reaped a lot.
"Unfortunately, the scale of financing has still shrunk by 10%. You have to pay more than 10 million in compensation for the gambling clause in the $100 million you got from Wall Street."
Sloan hid in the bathroom, concealing the dark circles caused by a night of intense work, and reporting to the boss.
"Haha, then save some flowers. I'm fine with losing that little money. I can earn it back when the stock price goes up, right?" Song Ya's hearty laughter came on the other end of the phone.
"Probably. Wait, is there a gunshot over you?"
Sloan hid in the partition and stuffed two concealed pills into his mouth.
"No...touch!"
‘Clang clang! ’
On time, Littman Media opened at a high price of less than $15, put on a professional suit, and was hosted by Littman's mother and son, President of Littman Publishing House, A+CN star host, President of Amerika Music website William Zhang, Ami Shirley Fleming, editor-in-chief of Liga Music Magazine, and Sloan, surrounded by Wall Street people, pressed the button to complete the bell ringing ceremony on the Nasdaq exchange that day.
880 million is the market value of Litman Media at this moment, and Song Ya owns 42% of it through various channels.
This also means that the previous gambling agreement signed with Litman Media will be used to acquire Ovitz’s creation with the financing cash it received.
"The combination of media and new media, especially the Internet, is the future development trend. I think Microsoft and NBC's MSNBC model are on the right path. We will be a company with publishing houses, televisions, related paper media and websites. New Media Group..."
Song Ya has always been very generous in this regard. When the reward options were obtained, Sloan, who instantly became a multimillionaire, began to give the latest speech to the capital market as the CEO of a listed company. Behind her is the ticker of stock prices that are still jumping.
‘Boom! ’
A tennis ball accurately hit her eye-catching red lips on the TV screen, "It's time to start." Little Bronfman put down the microphone.
"Uh……"
Doug Morris cleared his throat and said to reporters who came to the Universal Records press conference: "I am honored to announce that Universal Music and Sony Columbia Records will reach a strategic partnership in the field of digital music copyright. We both agreed to It's called'Duet', the duo league."
"Digital copyright? How will your cooperation be conducted?" a reporter asked.
"We have reached an acquisition intention with AllMusic.com. While this website continues to become the world's best and most extensive database of the recording industry, it will continue to list genuine records in the Universal and Sony Columbia Music Libraries, providing Buy it for music fans." Doug Morris replied.
"Now that people can buy genuine music online in the future, how do you respond to the behavior of Internet users spreading songs privately?" another reporter asked.
"Our attitude is consistent, we will severely crack down on this kind of behavior, and will not hesitate to resort to legal action."
"Such as the previous advertising ban?"
"The advertising ban is just one of the means. Because its effect has not met our expectations, we will soon adopt more stringent measures and further urge the Digital Millennium Act to pass the Digital Millennium Act that satisfies the recording, publishing and film industries. "
"Sterner? You mean?"
"For some websites that still do not converge after the advertising ban, we will take it to court."
"such as……"
"America music website, if you log on to this website, you will find that piracy is quite rampant, which is intolerable to the recording industry." Doug Morris called by name.
"Is there only this website? Other online music communities..."
Doug Morris interrupted the reporter, "Yes, there is only this website for the time being. We hope to get a good precedent first."
"So you picked a weaker opponent?"
"Regarding questions about litigation strategy, our lawyers will respond later."
"Ms. Sloan, Ms. Sloan!?"
The capital market reacted quickly. Sloan had just returned to the hotel to make up his sleep. Within a few minutes of falling asleep, he was awakened by his subordinates and rushed back to the exchange.
Following the news on the Bloomberg machine, Littman Media's stock price suddenly turned down.
"Damn it, Universal Music is dealing with the business of its leading male singers! On the day we went public, some TV networks and Internet giants expressed their support and blessings!?"
No matter how calm Sloan was, she couldn't calm down. She complained: "Is there really something I don't know, such as you sleeping with the little Bronfman woman again?"
"What the hell..."
Song Ya yawned and pushed a handful of bad cards away, "I won't play anymore, next time."
"What should I do now? I just asked the company spokesperson to issue a statement that they will take legal action. Users sharing songs privately on the Internet are still in a legal blind spot."
Sloan said.
"It's done very well, anyway, we have only one way out. Right?" Song Ya asked.
"We are going to stand alone in front of the two record industry giants, no, it is likely to be three, plus the Polygold pursued by Little Bronfman. The stock price has fallen by $15!"
Sloan put a pill in his mouth again: "Although YAHOO and AOL will not be happy to see each other get a good precedent, it is inconvenient for everyone to stand up and support us about sharing pirated music, and now the competitor's all music website has it. A lot of financial support."
"Don't indulge in the short-term stock price gains and losses, Sloan, we went public successfully and we have succeeded."
Song Ya reminded her, "Run the company well and don't make Netscape mistakes again."
"But... well, you're right, but what else can we offer?" Sloan looked at the stock price rushing toward the opening price, still not reconciled.
"I think about it, um... I'll give you Daniel Glass's call. The alliance between Universal and KM Pictures is very close to winning the film adaptation rights of'Cold Mountain'. He needs your help." Song Ya replied.
"These are two different things. I'm very busy now. Can Daniel talk about it tomorrow?"
The legal team of Litman Media walked in at this time, and Sloan raised his hand to signal them to wait.
"Just now, he may be able to bring you a benefit." Song Ya hung up.
"They were a little panicked, and only made the legal officer make a very passive statement."
At noon, Doug Morris, who had finished the press conference, walked into the office of the boss, Jr. Bronfman, and reported: "The current stock price is almost falling to the opening price of $13.5."
"How? It's simple, isn't it?"
Little Bronfman smiled calmly, "You said..."
"Yes, I publicly criticized APLUS, saying that, as a universal singer and a member of the recording industry, he invested in a website that condones piracy. I believe that soon some people in the recording industry and Hollywood will also speak out and criticize him. This time Our target is very clear, everyone can see who should follow in the future." Doug Morris replied.