July 8, 1991.
After many siderations, Warner realized that Lux ics' bold moves were aimed at gaining an upper hand on their new Cartoowork el. So, they began to craft a well-thought-out pn, but at the st minute, Disney withdrew from the iations, a move that took Warner's ma by surprise. This left only the possibility of a temporary ceasefire for now. Disney's board of directors operates differently from Warner's and is posed of promi entrepreneurs.
Lux ics issued a statement g California w, which stiputes that in case of payment deys exceeding six months, Warner would be required to calcute monthly accrued i at a rate of 6% per annum for each month of dey. This move incited anger within Warner's ma due to the audacity of the small pany.
The tract mentioned annual payments, but Lux ics requested a reevaluation of the i.
-Are you certain, Terry? - asked Bill Lancroux, Warner Brother's attorney.
-We have to do it. The wsuit will dey payments, and they will have to incur expenses. But we ha over the five years when they least expect it. For now, I'll call a partner of mine who will have to take a that might cause some fri, - Terry Semel replied.
-What are y to do? I've read the tract you drafted, and the young ma some cuses open to interpretation. If you want to go to court, it's possible, but the father is an attorney with a major w firm, and he also has his w firm that is part of the pany, - Lancroux said.
-Would you reend suing? - Terry Semel asked.
-I wouldn't reend it. Of course, if we were to sue, it would have to be in San Jose, where the tract was signed, and we'd make a lot of mistakes. It would be like pying on their home turf, especially with the father being an attorney with a signifit w firm and having his firm ected to the pany, - Lancroux expined.
-Adjust the numbers, but make it clear that they 't simply walk all over us so easily, - Terry Semel said.
-We've already thought of all that and more. But our step is to build better retionships with the National Television ission and impose certain ditions on the el that they might find unfair. In addition to the wsuit against the buyback cuse, we have some details that will bother them, -- Lancroux replied. -- Terry Semel smiled, settled into his chair, and dialed Mike Richardson's o expedite the uniteral termination of the distribution tract with the ipany.
-Mike, this is Terry Semel. The situation with Lux ics is being unbearable. I believe it's time for you to uniterally termihe tract, - Terry Semel said.
-Look, I don't care about damages aies. Just give them money. Warner will offer 3 million to halt Lux ics' operations and leave them stranded. You ihe rest. We have a deal, and you o fulfill it, - Terry Semel tinued.
-Yes, - Mike replied.
-Let's hope for news soon, and good luck. The money will be deposited into Lux ics' at through a bank transfer ohe parties rea agreement, - Terry Semel cluded.
While it may seem like an ill-ceived move, they had been buying various distribution panies before Lux ics could distribute its ics. So if they could disrupt operations for at least two months, it would be enough to carry out the blog as that Warner was seeking.
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Betty sent Pau Sullen to iate with Lux ics regarding the Sm Dunk series and to initiate discussions about other series from Lux ics. Little did she know that her as were being closely watched by Billy Carson, who had received early information from Mike Richardson.
This time, Lux ics had undergootal transformation, a plete makeover. I could see many unfamiliar faces w at the pany; the growth they had achieved in just a couple of years was astounding.
-Pau, Billy couldn't make it. He has an urgeo close, and I will lead the meeting. Billy was very clear about the cessions this time, - Anne said.
-A pleasure to meet you, Anne, - Pau Sullen replied as she ehe gss-walled meeting room.
There was only oher man in the room, Mr. Cloud, responsible for analyzing and managing the pany and multiple panies in the market, serving as an advisor on potential eic risks.
-Warner is sending a 7.5 millioo me for the profits geed in 1990, - Pau Sullen stated.
Anne furrowed her brow but didn't mention anything further. Billy had already made it clear that they would fall into their trap. She didn't know what trap that was, but for Billy, it would be the st move Warner would make.
-Pau, I uand that you want to publish the Sm Dunk series for the year, - Anne inquired.
-Exactly, we aim to release it year. However, we'd like to make an offer for the Dexter show, - Pau Sullen said.
-Unfortunately, Billy has no i in participating in that deal. Animatics was the st show Lux ics would share with you, - Anne replied.
Pau Sullen sehat something was amiss, but the fusion was evident. She didn't have muowledge of the events that had transpired between the board and Lux ics, but there was an unfortable atmosphere around her boss, Betty .
-I think we could discuss it in a better way. The pany is very ied in the series created by Billy Carson, and if we could rea agreement, we could all be from these iations, - Pau Sullen proposed.
-Pau, I'm sorry, but for now, we'll decide that the series you currently have is suffit. In my view, there's o expand. However, Billy extends his gratitude. You're always wele at Lux ics, -- Anne said, handing her a business card.
-Thank you, and goodbye, - Pau Sullen said, feeling disheartehat the iations had gone so quickly, and this time it wasn't beneficial for the elevision el.
She left the Lux ics factory and got into her car, driving to a small store. There, she found the payphone she had been so desperately seeking for this mueeded call.
-Good afternoon, Pau Sullen. you ect me to Betty? - Pau said into the phone.
-One moment, - a voi the other end replied. Pau had to add more s due to the dey in eg to Betty.
-So, what's the situation at Lux ics? - Betty asked when she answered.
-Well, they ftly rejected us, - Pau Sulleed.
-It was to be expected. We won't be returning uhere's a willio iate. Retly, Warner decided to withdraw from iations with Lux id focus on their own pany. Initially, I proposed an alliah Lux ics due to their innovative designs and the basketball culture, - Betty expined.
-I'll head to the airport, but those are all the updates, - Pau Sullen said.
-Good job, - Betty replied before hanging up the phone.
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