Chapter 282: Counterattack
"KBS, and S.M, Lee so-man, you will regret the decision you made today. Pen Fun Pavilion wWw. biquge。 info”
Holding Park Ji-yeon, Li Xianhao thought fiercely in his heart.
When he received a call from Li Dongwan, Li Xianhao also scoffed at Li Xiuman's stupid behavior, but he didn't expect KBS to act so fast that he would immediately take advantage of his own artists.
Hmph, but since you have done it, you have to withstand Li Xianhao's anger.
In the evening, Li Xianhao accompanied Park Ji-yeon to have a warm dinner, which comforted her emotions. And because Li Xianhao promised to write a movie script for her, she was originally unpleasant to be suddenly off because of a variety show, but she was also thrown to Jawa Country.
…………
The next day was also the so-called day set by the procuratorate to go to S.M to collect evidence. The media's attention is almost entirely focused on S.M's side.
However, a phone call from SBS caused almost all media reporters to rush to SBS TV.
On the 20th, SBS TV station Ha Jinyeol launched a press conference.
At the meeting, President Ha Geum-yeol announced that SBS TV will comprehensively and truthfully report on the inside story of the termination of the contract between Kim Jae-jung and Park Youtian and Han Geng and S.M. Company, and will also invite them to come to the TV station to do a program, preparing to expose the black heart of S.M Company to the public in the TV station.
SBS's move suddenly surprised many reporters, it seems that they just announced a joint ban on Kim Jae-jung with KBS and other TV stations, but now they are going to invite them to come to TV to expose the inside story of S.M's company?
To the bewilderment of many media, SBS also announced that it would restrict certain artists under S.M from appearing on SBS TV's programs, including the song show "Popular Ballads".
This is tantamount to saying that SBS TV is banning S.M's artists???
There were also reporters from KBS TV in the audience, and SBS just broke the previous agreement with the other two major TV stations alone, and now it is even saying that it will ban the artists of S.M Company. SBS was infuriated by this move, and they all questioned why SBS had suddenly made such a decision.
And Ha Jinlie only came with one sentence: "As a media worker, you must have the courage to expose the truth." He sent away all the reporters present and left them speechless.
That's right, isn't that what their reporters are for?
And before the S.M company, all the media knew about it, and they all knew that the inside story of this company must be very dark and there was a lot to break the news, but then the only three major TV stations in South Korea jointly blocked Kim Jae-jung, so these media reporters knew that S.M must have something to do behind it, so they didn't dig deep into S.M's inside information, and now SBS Ha Jinyeol said this, and the reporters present reacted at this time, SBS TV, this is to openly tear apart S.M company.
As soon as the press conference on SBS's side ended, the reporters rushed to S.M again.
But before I could get to the S.M company, there was an uproar on the Internet.
Melon, a subsidiary of Korea Network Corporation, South Korea's largest internet company, has announced that it will remove all songs from S.M's artists except Girls' Generation.
In addition to Melon, South Korea's so-called third-largest music source website Bugs (which only accounts for about 5% of the music source market) also announced a boycott of all artists under S.M except Girls' Generation.
As soon as this news came out, the entire music world was shaken.
Melon occupies more than 60% of South Korea's music source market, and Bugs also has about 5%, plus Li Xiuman took the initiative to withdraw from Mnet before, which means that more than 96% of South Korea's music source market is blocking S.M company, so how can it not be shocking?
"S.M. is guilty of public outrage......"
"Although I don't chase stars, seeing the dark inside story of S.M described by Kim Jae-joong makes me look down on S.M's slave treaty......"
"S.M. No. 1 Brokerage seems to have died in name only......"
"S.M. is going out of business......"
"It's best if the black-hearted company goes bankrupt, so the hero who oppressed me is in oppa......"
"It's strange, why did they ban S.M but not Girls' Generation, isn't Girls' Generation also S.M?"
“…………”
Many netizens on the Internet have condemned S.M, and there is hardly anyone who says good things about S.M, and some netizens even compare several main leaders of S.M company to demons, and Li Xiuman is the first big devil.
Originally, the prosecutors of the procuratorate went to S.M just to go through the motions, but after one of the leading prosecutors received a phone call, they soon had to cheer up and make a photocopy of the contracts signed by S.M Company for its artists, and also had separate conversations with S.M company artists one by one, especially those trainees, many trainees who wanted to leave, in a separate conversation, revealed the inhuman treatment of S.M company.
After learning that SBS TV station had banned their company, Li Xiuman and other S.M executives angrily scolded SBS for being shameless and openly tore up their previous agreements with the other two major TV stations. However, apart from scolding, Li Xiuman and others have no way to deal with it, after all, it is one of the three major stations, and the president of SBS, Ha Jinyeol, has said that, no matter how good the relationship is, it is very difficult to make the president of the family go back on his word.
Li Xiuman and the others were as anxious as ants on a hot pot, because the prosecutor's attitude suddenly changed, which made Li Xiuman feel a little bad.
"Oh no, President, look here. "Almost all of the senior executives of S.M were waiting in the conference room for the results of the prosecutor's deposition, and at this moment a man ran in with a laptop in his hand. The person who came was the head of the network department of S.M.
"What's so panicked, be calm, don't mess up. Li Xiuman took the laptop, and then pretended to look at it calmly. But as soon as he saw the content, he couldn't calm down anymore, his face was pale, and the next moment, the laptop was thrown out by Li Xiuman and turned into pieces.
"West, Park Sung-so, you dare to bully me like this......" Li Xiuman said fiercely.
When he went to visit Park Sung-so earlier, Park Sung-so greeted him with a smile, but within a day, he actually announced that Melon had banned the songs of all artists under S.M's company, which was simply too deceitful.
This is not what makes Li Xiuman angry the most.
After collecting some evidence, the prosecutor quickly led the group away, and the reporters gathered at the door also gathered around.
The leading prosecutor said, "We will uphold the principle of doing official business and punishing mistakes." And he departed.
The attitude of the prosecutor before and after the judgment of the two made the S.M executives feel bad, but this is not the worst thing.
On February 15, Han Geng filed a petition with the Seoul District Court to terminate the exclusive contract with S.M, stating that the slave contract was invalid. On that day, although the stock price of S.M fluctuated slightly, it only fell by about 2% to 5%.
On February 16, Kim Jae-joong, Kim Jun-so, and Park You-cheon filed a lawsuit with the Seoul District Court to terminate the exclusive contract with S.M. As soon as this move came out, the entire Korean music industry was shaken, and TVXQ fans were extremely excited and launched a boycott of S.M. Day. S.M's share price fell sharply, falling by about 15 to 20 percent, and the market value of S.M lost about 100 billion won.
But that's not the one that scares them the most.
On February 20, SBS TV, South Korea's largest audio source website Melon announced the closure of S.M at the same time, and then the prosecutor said that S.M would be official when collecting evidence, which made everyone realize that S.M was going to be unlucky.
That afternoon, S.M's valuation plummeted again, from an initial 25% to 35%.
After seeing the news, Katsuto Matsuura, who persuaded Ai Hui and other shareholders, immediately ordered someone to sell off the shares of S.M when it fell to 29%.
Ai Hui's move suddenly made S.M's company worse, and the stock price plummeted from 30% to 42%, and at this moment, almost all retail investors in the market were selling S.M's shares.
Because there have always been people secretly buying the shares sold by retail investors, many people think that there is still a chance to recover, but as soon as Ai Hui sells so many shares, it suddenly greatly stimulates the decline of stock prices, so that those retail investors can no longer sit still, and they have sold their S.M shares, otherwise they will fall more seriously, and they will lose their money. And the person who bought the stock price was also regarded by everyone as the person of S.M, and wanted to curb the decline of the stock price through the acquisition.
On Li Xianhao's computer, the software he wrote himself is slowly acquiring shares of S.M. Company, which has shown that 43% of the shares have been acquired, and so many shares have been purchased under the analysis of the software, and it only cost less than 200 million US dollars.
Li Xianhao naturally did not have time to take care of the acquisition of shares in S.M. at this moment, because he believed in the software he had written.
Li Xianhao is holding a press conference at the moment. The content announced by Li Xianhao at the press conference is no less than any major event in the current entertainment industry, which makes the attention of all the media and everyone in the entertainment industry gather on Li Xianhao again.