UPN Television Network.
At 9 o'clock this morning, Kyle, as the chairman of Golden Dawn Entertainment Group, signed a sales contract with representatives from Time Warner and Columbia, the owners of WB Television Network, in the presence of a number of media, regarding UPN Television Network's full acquisition of WB Television Network.
That is to say, starting today, there will be two television networks under the Golden Dawn Entertainment Group.
They are the UPN TV Network and the WB TV Network.
UPN Television, a cable television network (subscription-based);
Its future development goal will be to benchmark against HBO TV Network and devote all its efforts to creating high-cost, high-quality TV series and movies.
And advertisements will be cancelled to obtain more user subscriptions and provide a better user experience.
The WB Network, a public television network;
After acquiring the WB Network, the variety shows originally owned by UPN, including "Got Talent" and "WWE Wrestling Entertainment", will be moved to the public television network WB.
Clear program classification will enable the two TV networks under the Golden Dawn Entertainment Group to have more
Professionalism also has stronger competitiveness!
From today on, Golden Dawn Entertainment Group, which owns UPN and WB television networks, is ranked among the top ten television networks in the United States.
Reporters from various media outlets in the audience were frantically pressing their shutter buttons, trying to grab the headlines.
"The villain succeeds!"
"Junkford, what do you think the higher-ups are thinking about this?"
"The WB Network, jointly owned by Time Warner and Columbia, has only been around for two years. While it's not as strong as major networks like ABC and NBC, it's still growing quite well. Why sell it?"
"And, it was sold to the damned Kyle Page?!"
In the crowd below the stage,
One man was filled with indignation.
Full of anger!
His name was Sealedel Lawson, a mid-level manager at Time Warner and a staunch anti-Julian within the company. Last year's "Got Talent" show, which had suddenly emerged, had siphoned off a significant portion of viewership, reducing Sealedel Lawson's bonus by more than half compared to previous years.
Therefore, Sealeder Lawson hated Kyle!
"I agree with you, Lawson!"
Time Warner's own James Dickson was also indignant. "Over the past two years, the group has built dozens of signal towers across the East Coast, West Coast, and Midwest to support the development of The WB Network, spending over $200 million! Now, the shareholders on the group's board of directors are selling it off without a second thought, leaving us no time to react."
Sealedel Lawson and James Jackson of Warner Group are unhappy!
In fact, many people throughout the Time Warner Group are dissatisfied with the decision of the group's board of directors, especially the executives of its subsidiary Warner Bros. Pictures, who are the most dissatisfied!
The whole of Hollywood knows that there are many dirty tricks between Warner Bros. and Page Pictures!
The two sides are not enemies who will never give up, but they are definitely not friends either!
Under such circumstances, no one expected that Time Warner, as the parent company, would sell its WB TV network to Golden Dawn Entertainment Group, the parent company of Page Pictures.
The day before signing the contract.
Kevin Feige, vice president of Page Pictures, asked Kyle, "Boss, how did you do it?"
Bill McNicholl, the newly appointed president of Worldwide Pictures, also asked curiously, "Logically, Warner Bros. and Columbia Pictures are both powerful and wealthy. They definitely wouldn't sell off the WB Network, which they painstakingly built over two years, just for a small amount of money like yours."
Hehe~
"What if I'm willing to sell them my shares in ICQ?" Kyle asked.
"Boss, if what you said is true, then they might really give in." Kevin Feige said firmly.
"Isn't that all?" Bill McNicholl asked in surprise.
Kyle laughed and said, "What about Amazon CEO Jeff Bezos' ICQ shares?"
Oh shit!
For a moment, Bill and Kevin were both shocked and speechless.
When Kyle sent someone to discuss the acquisition of the WB Television Network for the first time, Time Warner Corporation immediately rejected the idea.
Well, without hesitation.
There are even some Time Warner shareholders who scoffed at Kyle and thought he was just daydreaming!
But!
When Kyle's representative expressed his willingness to sell the ICQ shares held by himself and Bezos, they could no longer remain calm.
Everyone in America knows that Time Warner Group is determined to make a difference on the Internet. They have invested in seven or eight Internet companies, but the results have not been very good.
Otherwise, they would not have merged with AOL, one of the Internet giants, around 2000.
What are they doing it for?
Isn't it just that you are envious of the high returns and high market value of the Internet?
Now, Kyle was practically handing the delicious cake to their mouths, how could they refuse? Moreover, they took the initiative to contact Sony Columbia and jointly transfer and sell WB shares to Kyle.
When the Colombian shareholders heard about this, they became very upset.
"Murdoch's News Corporation owns shares in ICQ, so we must also acquire them. Otherwise, wouldn't that mean we are inferior to 20th Century Fox?"
A shareholder of Sony Columbia applauded the move on the spot.
So, Kyle easily and happily took over the WB Television Network and completed an unimaginable deal!
"Boss, that's ICQ, which is so powerful right now. Are you really willing to give it up?"
Kevin Feige couldn't help but feel sorry for Kyle.
The WB Television Network is good. In the two years since its establishment, it has built a public television network covering the entire United States and has become a new force in the public television field.
But compared with ICQ, it is really far behind!
ICQ currently has as many as 200 million users worldwide, and it is like a behemoth!
With the current Internet boom, many people want to get a share of ICQ but cannot, yet Kyle sold his shares, which is completely incomprehensible.
"hehe!"
Of course, Kyle would not tell them that the Internet bubble was not far away!
Besides, both Kyle and Bezos had originally planned to gradually sell off their ICQ shares. Now that they can sell them and exchange them for the WB TV network they need, why not do it?
....
In the morning, after finalising the acquisition contract of the WB Public Television Network;
In the afternoon, Ms Donna Langley, on behalf of the "America's Got Talent" program team, officially signed the advertising contract for the "America's Got Talent" program with the cooperating merchants who had already reached an agreement to embed advertising.
The total value of the advertising contract is as high as 180 million US dollars!
This is a full $60 million more than the $120 million advertising budget for the first season of the show last year!
The reason why it is $60 million higher is due to the popularity of "America's Got Talent", but also because the WB Public Television Network is a new broadcasting platform.
After all, the advantage that public television networks have in winning household ratings is unmatched by cable television networks.
That evening, major American media outlets reported this series of news with the headline "Kyle Page, the New Emperor of Television."