Daily Updates!
Stay informed of NEWEST chapters of I’m in Hollywood with notification directly sent to your email.
LOG IN
„Hello, here is the n immediate entertainment story, starting from the end of June, because 2D Animation movie «The Lion King» attains greatly successfully, crest of wave abundant Disney Animation Department and parent company Firefly Group had the huge difference in the animated film development strategy, afterward, the conflict presents the sign that gets stronger and stronger. This Monday, the Firefly creditor alliance that Wall Street famous investor Ron Perelman initiates exerts pressure to Firefly Board of Directors suddenly, requests to capture two creditor director seats in Board of Directors. The request of Firefly creditor alliance has the public support of Disney Animation Department quickly, Disney Animation Department is in charge of Peter Schneider to indicate that introduces the creditor director, can supervise the management and operation of Firefly Group well, preventing the major stockholder to act arbitrarily act without regard for authority, harms the young shareholder, creditor and common interests of Firefly Group several thousand staff.”
In Beverly Hills Manor some mansion is conducting one time small on the cocktail party, participates in Ron Perelman, Roy Disney and the Peter Schneider three people cocktail party with other guests together, in the hand is swinging the stem glass, have a relish gazes is laid aside in the open-air location specially is broadcasting the n news the television, seems waiting for anything.
In the television screen, the director summarizes the news process , to continue saying: „After «The Lion King» Box Office broke last week United States native place animated film Box Office records, the Firefly spokesman openly said that today will be «The Lion King» conducts grand celebration party in Hollywood Susnet Tower Hotel, the field generally guessed this party will conduct represents Firefly Group to start to Disney Animation Department to compromise, but this afternoon, Disney Animation Department all staff will issue the statement in «Los Angeles Evening news». In order to declare support for the Firefly creditor alliance moves into Firefly Board of Directors. Disney Animation Department all staff will refuse to participate in this party. At present is west the time 19 : 15, how the special details, please look at this station reporter from the cover live of Hollywood Sunset Boulevard sending back......”
The television picture cuts is Los Angeles of sun set, grasps the microphone to stand Reporter n before Susnet Tower Hotel said: „Director is good, viewer friends hello, we can see, should be extremely busy Susnet Tower Hotel in fact with past not any difference, before 15 minutes. A Firefly spokesman announced that cancels tonight's «The Lion King» urgently celebrates party. However, before seven o'clock, Eric Williams, Jeffrey Katzenberg and other Firefly high-level private cars successively appears in the Susnet Tower Hotel parking lot, we guessed that this is the Firefly high level is carrying on final striving, but is very obvious, this type ends in failure diligently, until now, we had not discovered that any Disney Animation Department high level and staff appear in Susnet Tower Hotel.”
Looks in the television screen entrance desolate Susnet Tower Hotel, Peter Schneider somewhat was worrying suddenly one do has gone too far, he is not worried to offend Eric. Even if leaves Firefly, he thought that under he can also find the home. But at present this situation, as if to own benefit not too big advantage.
Noted the Peter Schneider look change Roy Disney to pat the racket on his shoulder, said: „Peter, thinks how in the two years Eric Williams treats our . Moreover, so long as Ron they win two Board of Directors seats, the Disney animation continues maintains the profit, we do not need scruples anything.”
Similar to Ron Perelman that the maitreya buddha same is all smiles also said as before: „Relax, Peter, so long as we win two Board of Directors seats, then the directors of Firefly 11 people of director Central Africa Eric Williams influences achieve 5 people, we can also seize the chance to cultivate our influence in Firefly. When the time comes, even if Eric Williams has the Firefly absolute holding power, does not dare to brave to make Firefly have the turbulent risk to make any extreme action.”
Peter Schneider relaxes nodded, Roy Disney holds up the stem glass in hand immediately, said: „That, for our common goals, I suggested that everybody raises glass together.”
The majority of attending this small cocktail party is the Firefly creditor representative, hears the Roy Disney words, will echo, just the television picture of that news suddenly had the change in the broadcast as before.
In the screen, scattered all media reporter near Susnet Tower Hotel as if to feel the nail of magnet suction, suddenly before the Susnet Tower Hotel front door wells up, in the reporter group, in n TV Station some live transmission scene of swaying presented the Eric form quickly.
Eric in picture unemotionally is protected by the bodyguards in the middle, waited for after the surrounding reporter is peaceful, Eric closely is staring at the camera scene, as if in staring at certain people before television, the expression sinks said strongly fragrant: „Such being the case, then 9 : 00 am, Firefly will hold the press conference, welcome these popular and persona non grata arrives together.”
Eric throws down these words, in a hurry sneaked in own private car under the guard of bodyguard.
Before the television, planned raises glass one group of people of celebration to look at each other in blank diamay, even if experienced and careful Roy Disney, in the heart has one not good premonition. As to the Disney significance unusual Disney Family member, Roy Disney and Eric has the multiple contact, Eric in his impression has had distantly surmounts the calm of contemporaries, even if is precocious, Roy Disney has to acknowledge that Eric is only a less than 25 -year-old full of vigor youth, if Eric impulses to decide fight in which both sides perish for a while, he will possibly lose all.
Because this anxiety, Roy Disney an evening cannot the rest be good afterward, next morning, Roy Disney will then get out of bed to turn on the television, waited till nine o'clock patiently, the n news station presented the scene of Firefly Headquarters release conference hall on time.
„At present, Firefly Group had the Marvel Entertainment 17% debts, as the Marvel Entertainment important creditor, we discovered that Marvel Entertainment in the first half of 1994 the operation loss quota has surpassed 24 million USD , the Marvel Entertainment stock price continues to lower, amounted to the 553 million USD debt to Marvel Entertainment, stock value insufficient 300 million USD Marvel Entertainment presented serious being unable to pay debts with their assets, according to federal law of corporation. While issuing statement. Firefly Group will file the charge to the New York local court that Marvel Entertainment is . The request from instantly implements to force the bankruptcy protection to Marvel Entertainment. Meanwhile, we discovered develops the huge debt that to finance for the company by Marvel Entertainment parent company Andrews Holdings Ltd. is invaded contrary, the behavior that this type seriously violates the bond trade law directly caused Marvel Entertainment current to be on the verge of the bankrupt the predicament, therefore, Firefly will file the charge in accordance with the law, must make Andrews Holdings Ltd. pay the proper price for own illegal activity inevitably.”
Roy Disney listens to the television Katzenberg to read the text patiently, worried all night is relaxed immediately, in this statement has not mentioned Disney Animation Department slightly. This indicated that the Firefly high level does not have the plan of fight in which both sides perish.
However, Roy Disney has had the doubts to the goal of this speech, he can hear, this should be retaliation of Firefly to the Ron Perelman behavior, but many details he is not quite clear, therefore has picked up the phone, has dialed the number of oneself personal attorney.
After a personal attorney's explanation, Roy Disney is understands.
According to the United States law of corporation, in a company appears is unable to pay debts with their assets seriously, and in situation of achievement continually loss, the creditor has the right to request to the company implements the compulsory bankruptcy protection. The bankruptcy protection and goes bankrupt to criticize differently, the bankruptcy protection is equal to the creditor gives the debtor buffer period before a bankrupt settlement. Let the repayment of debtor's the reorganization and debt on company proposes the related plan in certain deadline, but this plan, once still cannot have the effect, then this company faces is the bankrupt settlement.
Firefly Group proposed main purpose that Marvel Entertainment forces the bankruptcy protection, is similar to Ron Perelman, similarly to gain the Marvel domination as creditor. However, what is different from the Ron Perelman way, the difficult position that because Marvel is unable to pay debts with their assets, the demand of Firefly Group will have the support of federal court.
Once Firefly Group captures the Marvel domination, Andrews Holdings Ltd. will take Marvel debt financing contrary the soft rib becomes Firefly Group will also attack the Ron Perelman important handle. Andrews Holdings Ltd. not only need faced with returning the Marvel financing fund, will also face the Federal Securities and Exchange Commission large amount fine, this is the final Assassin's mace.
As a financing supervision very severe country, takes may not crack a joke absolutely the general several hundred thousand USD fines that contrary several billions USD financing funds must face, once the charge confirmed that even if a property counts the 10 billion USD industry magnate, was possibly punished by the color to the situation of having a fracture.
At this time, Beverly Hills Manor held in the mansion of cocktail party last night, put on Ron Perelman of night clothes not to have the past calm look as before, grasped the arm of microphone instead to have one type tremor that because frightened and had angrily, after Firefly Group issued this statement, Berkshire Hathaway and say|way rich Universal fund as well as the Firefly investment company and other companies, respectively have issued similar statement as creditor, the Marvel Entertainment bond that these companies had approached 90%, once the New York local court determined the demand of Firefly Group to be reasonable, Ron Perelman knows one linked among other creditors rotates an below the leeway not.
„Avi, I take an explanation, why I to the present know that this matter, 90% bond transfers of ownership, I should not be informed ahead of time, why did you tell me this are?” After a Marvel CEO Avi Arad anger roared, Ron Perelman bears the temper to listen to the explanation of opposite party, Pā the microphone to fall on the tabletop.
The explanation that Avi Arad to Ron Perelman was other Firefly and several creditor organization recent several days the related debt transfer statement will submit to Marvel Entertainment, Marvel also prepares the related document at this time, because Ron Perelman came Los Angeles, promptly has not delivered to his hand.
Ron Perelman had discovered keenly in the Avi Arad words presented two time differences, Firefly and Berkshire Hathaway and other aspects had used a reasonable time difference, after the creditor's rights transfer became effective in the legal time limit written to inform Marvel Entertainment, then, Marvel CEO Avi Arad has made a time difference once more, further delay Ron Perelman learning news time.
Ron Perelman discovered situation that one face as if imagination is more awful, if guessed that right, Avi Arad had possibly won over by Firefly Group, once the fact so, he likely will come a big cropper on Marvel Entertainment.
Transferred in the bedroom anxiously several, Ron Perelman has patted suddenly own bald, he realized suddenly that Firefly Group at least started the layout one month ago, then he had discovered two possibilities, one type was Firefly Group one month ago, realized that he wanted to enter Firefly Board of Directors using the Disney Animation Department event, therefore ahead of time layout guard in not however. But another possibility, Firefly Group had already produced the heart of coveting to Marvel.
After distributing over five hundred million USD bond rich funds, Marvel did not have any value in the Ron Perelman eye, is only the mess that can throw off conveniently, Ron Perelman even little is paying merely attention to the management of Marvel. If Firefly Group has this idea similarly, the goal that then the opposite party such makes, likely to let him gives way before difficulties, no longer covets the Firefly Group director seat.
In the mind measured rapidly, Ron Perelman had discovered keenly that the first possibility was low, if to use Marvel this flaw merely forced him to receive the hand, Firefly Group and Berkshire Hathaway these companies did not need to buy in the close 90% Marvel bonds, this was five hundred million USD cashes.
In the Ron Perelman eye, the present Marvel five hundred million USD half are unworthy continually, to be honest, if now some people put out five hundred million USD, Ron Perelman thought one lose Marvel to the opposite party immediately.
Once the Firefly Group goal were the just second possibility, then, these five hundred million USD have been explained immediately.
The present issue is, why Firefly Group wants Marvel, why also gets rid in this very sensitive opportunity at present?
They did not fear that Disney Animation Department does present the accident?
Some people thought that Marvel is more valuable than Disney Animation Department?
The frequency that Ron Perelman paces is getting more and more slow, quick, he picks up the phone once more, bypasses Avi Arad, has dialed the number of Marvel another head.( To be continued.)
Enter your email address that you used to register. We'll send you an email with detailed steps to reset your password.
By signing up, you agree to our Terms of Service and Privacy Policy.
Already a member? Log In
Stay informed of NEWEST chapters of I’m in Hollywood with notification directly sent to your email.