Chapter 119: Capitalist Smith's Means(2/3)
So as to save your investment.
But he soon saw that Abel waved his hand to him again.
"Okay. Mr. Perlmutter, you don't need to persuade me anymore. Just because you can see me proves that I still have some interest in Marvel."
Abel looked uninterested and said indifferently:
"Please tell me directly, how do you want me to invest in Marvel?"
"After receiving my investment, what plans will Marvel have?"
Although it was somewhat different from the imagined persuasion plan, Abel's reaction gave Isaac Perlmutter some confidence.
Isaac Perlmutter said quickly:
"Marvel wants to get a mortgage loan from you, Mr. Smith. The collateral can be the copyrights of Marvel's remaining heroes."
Marvel actually used to be a public company, but it almost went bankrupt later.
Marvel has delisted after restructuring on the brink of bankruptcy, and Isaac Perlmutter is currently its largest shareholder.
At this time, Marvel’s market value was extremely low in the market.
This makes it impossible to use shares as collateral for loans, and only the remaining hero IP and toy companies are worth a little money.
Upon hearing Isaac Perlmutter's request, Abel shook his head slightly:
"My analysts told me that Marvel's most valuable copyrights are Spider-Man, the X-Men, and the Fantastic Four. They also said that there is no Spider-Man in all the remaining Marvel hero lists combined.
valuable."
"Marvel sold Spider-Man to Sony for only $7 million."
"According to this analysis, if inflation is taken into account, the remaining copyrights of Marvel's superheroes are only worth US$10 million at most."
"According to this data, dear Isaac, you can only use these collaterals to get a loan of six to seven million US dollars from me at most."
"Even if this is the case, do you still want a loan?"
After listening to Abel’s precise and sharp analysis of Marvel’s remaining hero copyrights.
Isaac Perlmutter was silent for a while.
In fact, the current Marvel company’s remaining superhero IP copyrights are indeed worthless in the U.S. capital market.
in parallel space and time,
Later, Iron Man, who became very popular, can only be regarded as a third-tier superhero in the Marvel superhero sequence.
On the front line are Wolverine, Spider-Man, the X-Men and the Fantastic Four.
The likes of Thor and Captain America are second-tier.
Tony Stark later became so valuable purely because of the movies.
Because the movie became popular, Iron Man's status in the Avengers has risen again and again, and he has directly become the three giants of the Avengers.
Little Spider, the number one giant, turned out to be his godson.
In Marvel around 2000, the real value was not the copyrights of these heroes.
What is really valuable is the former Toy Biz Toy Company, which was merged a few years ago and renamed Marvel Toys.
Isaac Perlmutter is the owner of Toy Biz Toy Company.
This toy company’s business is now the biggest driving force supporting Marvel’s survival.
According to the current market conditions, Marvel's remaining superhero copyrights are worthless.
Marvel toys transformed from Toy Biz toys are valuable.
Use it as collateral to get a loan of at least tens of millions of dollars or more.
However, the toy company is now the lifeblood of Marvel, and it is also the most important factor in Isaac Perlmutter's ability to control Marvel.
Isaac Perlmutter has no feelings for superheroes but very much for toy companies.
Naturally, he was reluctant to take out the toy company as a mortgage.
Gritting his teeth, Isaac Perlmutter said softly: "So, what do you mean, Mr. Smith?"
Isaac Perlmutter felt that Abel actually asked someone to find him.
Then he must be interested in something about Marvel, otherwise such Wall Street capitalists would not waste time talking to themselves.
So it must be Marvel, and there is something that the other party is interested in.
And this is also the biggest reliance that I can rely on to get money from Abel.
Abel smiled and made two conditions for Isaac Perlmutter.
"First of all, I can give you money. But it's not a loan. I want to buy the copyrights of all the remaining superheroes from Marvel. However, in addition to this regulation, certain licenses will be opened to toy companies."
"For a certain period of time, your toy company does not need to pay me the copyright and can produce superhero toys for a period of time."
"The price is double that, $18 million."
I heard Abel’s conditions, especially the toy copyright that would be free for a period of time.
Isaac Perlmutter, the former chairman of the toy company, was a little moved. He couldn't help but said: "What about the other condition?"
"another?"
Abel smiled and said, "I will buy the entire Marvel company. There are two ways to buy it. One is to only buy Marvel Comics and Marvel Studios."
Marvel established a film company as early as 1993.
But it happened to be a film winter and the market was sluggish.
Marvel was filming a Thor and a Hulk at the time.
In the end, none of them were released. Firstly, the two films were shoddy and secondly, the market did not accept them.
"The toy company will also give you free copyright for at least two years."
Abel continued:
"Another way to buy it is to sell me all of Marvel, including your toy company."
"call--"
Isaac Perlmutter let out a breath and looked deeply at Abel.
"So, Mr. Smith, what's the price? The price of the first option, and the price of the second option."
"My bid for just Marvel Studios and Marvel Comics would be $30 million. Because right now, they're only worth that much."
The current market conditions are very unfavorable to Marvel's remaining superhero IP copyrights.
But it is a comic publishing house, one of the top ones in the United States.
Even if the comic publishing industry is in a downturn, this aspect is still worth some money.
What's more, there is an empty Marvel movie, which is worth millions of dollars.
There are some talents in it.
"If I were to buy the entire Marvel company, my offer would be US$100 million. Their price is only worth so much."
Don't look at the fact that Marvel was later valued at more than 200 billion US dollars.
That’s because it only has such value after the Avengers Universe becomes successful.
In 2009 before Avengers was really successful.
The entire Marvel package was sold to Disney for only about US$4.2 billion.
In the year 2000, Marvel had just gone through a bankruptcy crisis.
The sales of comics, its main business, are sluggish, and it is all supported by toys.
At this point, it's really only worth so much money.
Not many people could afford such a cheap Marvel movie before.
The value of Marvel has only improved a little after the first part of "X-Men" was released this year.
But it's average, because the first "X-Men" only had a global box office of US$290 million.
Although it ranked sixth at the box office for the year, its budget was US$75 million, and more than US$20 million in publicity and distribution funds were not included.
This box office, after deducting costs, made less than 10 million US dollars.
Counting the sale of peripheral products and subsequent DVDs, it is considered profitable.
Marvel was really taken seriously, so that it was able to successfully obtain loans later, after Maguire's first Spider-Man was released.
And after achieving great success, Marvel was really taken seriously by the market.
At that time, the market value of Marvel was at least several times different from what it is now.
Look at Isaac Perlmutter's hesitation after he stated the conditions.
Abel was a little anxious, because he knew that in a year or two, it would be impossible to buy Marvel for one or two billion US dollars.
To be continued...