Chapter 102 Half Month Progress
Half a month has passed, and it is now February. There are still eleven days until Valentine's Day. The weather in Seoul has gradually improved a little. The beautiful silver weather has slowly faded, and the city center has regained the appearance of a fashionable city.
In the past half month, the most eye-catching news in the entertainment industry is that DSP's top anchor Lee Hyori has not renewed her contract with DSP after its contract expired.
In addition, DSP President Li Haoyan collided with a van outside the club, and then had an argument, and was beaten into the hospital by two impulsive strong men on the other side. However , the other party said that it was not a one-sided beating, but a fight. Li Haoyan lost his balance and hit his head on the hood of the car, fainting, and was sent to the hospital.
Anyway, this is just small news, after all, DSP is a big company.
The entertainment media has been a little restless these past two days. Many companies have received invitations to go to a hotel to attend a press conference, the main content of which was the signing conference for Lee Hyori to join the new company.
When this news came out, it caused quite a stir. News about Lee Hyori signing a contract with a small company gradually began to circulate on the Internet, sparking the curiosity of netizens.
Most of the large entertainment companies in South Korea are concentrated in Gangnam, Seoul. Those who care about their reputation will choose Cheongdam-dong where the land is expensive.
For example, JYP is located in Cheongdam-dong, and SM is located in nearby Apgujeong. The two companies are not far from each other.
"Hey, hey, hey, you are the chairman after all, even if it's just in name only. Plus, you are an investor and a major shareholder. You didn't go to today's press conference, but you actually went to JYP to watch their trainee selection meeting. Are you crazy?"
Zheng Xiuheng ignored Lee Hyo-ri who was dressed up beside him. Half a month had passed, and in this short period of time, Zheng Xiuheng's life had changed a lot, and he had made great progress.
Krystal's words half a month ago struck Jung Soo-heng's heart. Under the tears of Princess Crystal, the heavy guilt turned into responsibility. Then Jung Soo-heng pulled Jeon Hyo-sung, Choi Ji-na, and Kim Yoo-jin behind him with a fierce momentum.
It sounds complicated, but it is actually very simple. Zheng Xiuheng just called Jeon Hyo-sung and told her that if she could convince the other two to join her company, the debt could be reduced by 20 million, from 3 million per person to 10 million per person. Jeon Hyo-sung, who was short of money, had no choice but to agree to Zheng Xiuheng.
Before seeing Choi Ji-na's items, Zheng Xiuheng thought they were only worth about three million, but after that meeting he made a new estimate. Of course, it seemed that the money was thrown away, but Zheng Xiuheng had a simple idea in his mind: all the money would be taken back from them.
Because of Zheng Xiuheng's provocation that day, Cui Zhina did not leave Korea. From Jeon Hyo-sung's mouth, she learned that she was worried about her future during this period. So under Jeon Hyo-sung's persuasion, and thinking of Zheng Xiuheng's words that he could give her a chance and let her not go far, she finally agreed to Zheng Xiuheng. As long as she looked at Zheng Xiuheng's company and understood the situation, as long as it was a real entertainment company, she agreed to join.
As for the last Kim Yoo Jin, Zheng Xiuheng still looked for information. Although her appearance is not as delicate as Choi Ji Na, her tall figure is more perfect than Choi Ji Na. Choi Ji Na is like a skinny girl with flesh, while Kim Yoo Jin is full of flesh.
Unlike the other two, Kim Yoo-jin is a college student. After the group broke up, while everyone was worrying about the future, she was cramming last year's lessons at home. In order to prepare for her debut, her attendance rate in the second half of the year was less than two-thirds.
But this is not the most important thing. The members all know that Kim Yoo-jin's family is a sports family. She graduated from a sports school before being admitted to university, and swimming has always been the sport she has been practicing.
For Kim Yoo-jin, this debut failed, so maybe she will have to go back to swimming. If the five girls are successful, she can realize her dream and get rid of the nightmare of swimming.
The current situation is that Kim Yoo-jin is confused while studying. Her parents tell her every day to give up her unrealistic dream of becoming an athlete. Now she has tried her best and persisted, but she still failed, hasn't she?
In such distress, Kim Yoo Jin received a call from Jeon Hyo Sung, who told her that a new company was willing to sign them and give them a chance to debut, and asked her if she was interested in meeting the other company's president. Kim Yoo Jin was distressed for about three seconds, and immediately rushed back to Seoul from Daegu, not caring about her father who almost chased her to Seoul. She seemed determined to pursue her dream.
This lasted for about a week before Jung Soo-heng received a reply from Jeon Hyo-sung. During this week, Yoo Hee-yeol and the other two met with Jung Soo-heng and agreed to the investment. After investing 1 billion, Jung Soo-heng held 60% of the company's shares, Yoo Hee-yeol and Jung Dong-in held 15%, and Jung Jae-hyung held 10%.
Of course, these were just verbal agreements. There was no specific contract signing, funding in place, or company development plan yet. At this time, Zheng Xiuheng received another call from Lee Hyori.
So, the three parties met: the “Big Three” of Antenna Music, Jung Soo-hyung, and Lee Hyori.
After confirming that Zheng Xiuheng was not lying, Lee Hyori stated her purpose directly. She did not need 1.8 billion, only 1.5 billion would be enough.
At that time, Zheng Xiuheng, Liu Xiye and the other two didn't understand what was going on, but when Lee Hyori said, "You can join Antenna, with a signing fee of 1.5 billion, a contract period of three years, and 5% of the company's shares," the four were stunned.
Even Zheng Xiuheng didn't understand what Lee Hyori meant. To be honest, this amount was enough to bankrupt Zheng Xiuheng and his friends.
The value of shares is based on the size of the company. Take Antenna Music for example. If we estimate the value of the company without Yoo Hee-yeol and the other two, it can be said to be worthless. This is why Lee Hyori made this request.
Of course, Lee Hyori said directly that this was the signing fee offered by CJ Entertainment MENT. Antenna Music cannot be compared with MENT, except for the good musicians, there is no other aspect that can compare.
Therefore, Lee Hyori's request was not excessive at all. Even the three people who were not clear about the relationship between Zheng Xiuheng and Lee Hyori felt that Lee Hyori's choice was too risky.
Similarly, the three of them also felt that although Lee Hyori was very good, the signing fee was too high and not something they could afford. The situation can be summarized in one sentence.
Don't take on a job if you don't have the skills.
Zheng Xiuheng didn't know why Lee Hyori agreed. Was it because she was really convinced by him? Or was it because Lee Hyori's eyes softened when they said goodbye that day? Whether it was out of pity, or soft-heartedness, or just a simple business choice.
But Zheng Xiuheng agreed. Unlike before, his heart has changed. Zheng Xiuheng has become more determined now. No matter what Lee Hyo-ri thinks, he doesn't care. Opportunities are always fleeting.
1.5 billion is a lot, but it is indeed Lee Hyori's current worth, although only a large company like CJ can give it. But Lee Hyori is not wrong, since she wants the other party to give up the big company and choose a small company, how can the other party choose it if the small company does not show sincerity.
Therefore, Lee Hyori's attitude was a bit ambiguous to Zheng Xiuheng. He couldn't figure out the reason for this woman's choice, but he agreed.
It's not that Zheng Xiuheng was too impulsive. In his opinion, even if Lee Hyori failed, he could definitely recover the 1.5 billion investment in three years. Most importantly, Lee Hyori's joining would greatly increase the company's popularity, which is a level that some newly established companies may never achieve in their lifetime, because many companies would go bankrupt if they failed once or twice.
Signing Lee Hyori is not only a burden on himself, but also a burden on Lee Hyori. Perhaps the queen of the music industry will play with fire and get burned because of this choice.
But Zheng Xiuheng would not consider this. Even if he felt a little sorry for Lee Hyori, he would not think about such things after paying 1.5 billion. Zheng Xiuheng was not so generous as to do so.
Things were simple afterwards. Although it was just a verbal agreement that Zheng Xiuheng wanted to sign Lee Hyori, Yoo Hee-yeol and the other two finally felt something different. Zheng Xiuheng's determination was stronger than they thought.
Similarly, Zheng Xiuheng's actions also aroused the three uncles' enthusiasm. Zheng Xiuheng was not the only one who was smart. The benefits that Lee Hyo-ri could bring to the company could not be explained in one sentence. Although there would be a great burden, if they could withstand the pressure and go against the current, there would be a broad sky.
After three days of negotiations, the final decision was made among the five people.
