Chapter 117 Treatment of Artists

Ask for a commuter pass, ask for a recommendation ticket!!

But in other aspects, Zheng Rongxuan still changed a little, that is, because most of the trainees are teenagers, all of them are growing up, Zheng Rongxuan's living allowance for them has been increased from the current 650,000 won per month to 1oo0,000 won and 8o won for A, B-level trainees, which is about 6ooo and 5ooo if converted into RMB, which does not include food expenses. ―{2}{3}{}{x}]

C, D level trainees do not charge any fees, but also will not give any subsidies, practice in the company, you can go to the company canteen for free meals, and the canteen is not graded, unified to the trainee canteen can be free with the card to eat, but all trainees must not waste food, in fact, this is not only for trainees, but all employees are not allowed to waste food.

Once you are interested in making your debut, you will be interviewed by the trainee director, artist director, music director, plus the company's lawyer, during which you can invite a lawyer or family member to accompany you to determine a series of issues such as your debut and the distribution of income after your debut, and the debut contract must be signed for at least five to seven years, and if the contract is terminated during the period, you need to compensate for high liquidated damages.

Zheng Rongxuan also believes that since the company has trained you and the conditions are better than those given by almost all Korean entertainment companies, you are still unwilling to stay, that is your character problem, so it is normal for liquidated damages to be set high, and the contract must be reviewed by Korean legal professionals to ensure that even if you go to court in the future, you will not want to win the lawsuit.

Zheng Rongxuan knew that countless Korean artists in later generations took their owners to court one by one, so Zheng Rongxuan improved their treatment from the beginning, and at the same time strictly restricted their future in the form of a contract.

The company's training costs are paid off within two years after their debut. 15o% of the total investment amount, and the extra 5o% is the investment interest, which is much less than most other companies, many other brokerage companies are several times, and the famous S.M company is at least five times more, because as a trainee, you don't know how big the investment is in you, and this investment does not only refer to direct investment, including the salaries of teachers at all levels, the use of resources, etc., to be apportioned to everyone's head.

But here at CGV, Zheng Rongxuan will have people design a complete system. At that time, each trainee can inquire about the amount of investment in you every six months, every quarter, and finally realize the amount of investment in you every month, and implement transparent management.

It can be said that the trainees themselves are a money-losing department in the company, even if Zheng Rongxuan increases the investment interest by 5o%, he still loses money, but it is just how much he loses.

Because not all trainees can make their debut, according to a survey by professional institutions, about 30% of teenagers in South Korea have the idea and desire to become artists, and there are even more trainees from major entertainment companies. But less than one-fifth of them were able to make their debut, and more of them were brutally eliminated when they were trainees.

All three of them strongly objected to this, even though the entire CGV group belonged to Zheng Rongxuan. But as managers, they can't let Zheng Rongxuan lose money, so they insist that the trainee department can't make money but also can't lose money. Therefore, the overall cost of the entire trainee department will be allocated to the latest debuting artists on a half-year basis, and other companies do this. In the end, Zheng Rongxuan insisted. Only then did the ratio increase to 18o, and the rest of Zheng Rongxuan thought that if he lost, he would lose it, and he should have a good fate, but he couldn't lose much anyway.

At the same time, the debut contract is not like other entertainment companies, which give priority to repaying the company's investment, but the company deducts half of the share to repay the company's investment, and the rest will be paid to the artist, if the artist does not pay off the investment within 2 years, either pay it off in cash at one time, or after increasing the remaining investment amount by 2o% again, it will be repaid in the form of 7% of the share in the next year, until it is paid off, and the artist is strictly prohibited from terminating the contract until the investment amount is repaid, otherwise high liquidated damages will be paid.

Moreover, the singer's agency share is also quite different from that of the actor, and the singer himself has a low status in South Korea, so Zheng Rongxuan continues to use the form of most Korean entertainment companies, and the sharing agreement is initially 9:1, and it will be increased to 8:2 or even 7:3 after achieving a certain status later, but it will not exceed 5:5 in the end.

However, unlike other entertainment companies, CGV's singer contract means that the vast majority of revenue is in this proportion, rather than other entertainment companies, where only a few of them are revenue distribution ratios, such as the income from records, variety shows, and commercial performances, all of which are owned by the company.

In Zheng Rongxuan's opinion, this is a bit inhuman, and Zheng Rongxuan doesn't expect to squeeze these weak artists too hard, otherwise he would have to force them all away. Therefore, Zheng Rongxuan's share ratio is basically a one-size-fits-all form, that is, basically all revenue distribution is like this, but because of the special situation of the record, the revenue will not be paid if the sales are less than 10,000 copies, because that is a loss of money for the company, and it is possible to make a profit only if the sales go up. And Zheng Rongxuan clearly knows that the sales of records will be less and less, and there is no need to take this too seriously, the big head in the future is still the music source, that is the royal way to make money in songs.

After the four of them decided on the share of the contract, Park Sang-kyung smiled a little bitterly: "Director Zheng is really merciful, I believe that once these contracts are leaked, the artists of the entire South Korea will definitely rush to come, and now I am afraid that we will face the siege of other companies." ”

Shin Jung-eun shook his head slightly and smiled: "This situation may occur, but now most artists have appointments, I believe they will not have much fluctuation, don't forget that all our contracts are global contracts, not just Korean contracts." How long do you expect it will take to build CGV into a global entertainment company? ”

It is precisely because of this statement that the three of them did not have much objection, because the three of them also knew that compared to South Korea, the contracts of other countries are very loose, especially in the United States, the share ratio of the brokerage company is basically not more than 4 percent, where is like South Korea, don't say 4 is done, and it is good if you don't directly charge 9 percent.

Singers, unless they are really powerful singers, they are just youthful, and the whole singer's career is very short, and it will only take more than ten years to reach the sky. So with the huge influence accumulated during the singer period, Zheng Rongxuan naturally hopes to transfer them to the actors or hosts and continue to tap their value, so no matter which contract it is, it includes all aspects of their acting career.

After all, Zheng Rongxuan didn't go to South Korea to do charity, even if he didn't plan to make too much money on these artists, but at least he couldn't lose money, otherwise it would be useful to toss this by himself, it would be better to code words comfortably at home, play finance, write code and make money quickly, and engaging in CGV is nothing more than playing a few development games in the future.

"With this idea, I will sue you when the time comes, and now you can do the things in hand first." Zheng Rongxuan really has this idea, and will develop CGV into a large multinational group with global film, television, song, and game production.

The reason for this idea of the industry, Zheng Rongxuan, in addition to the fact that he seems to be making money a little too fast now, is that he hopes to build his favorite Taeyeon and Yuna into the world's top groups in the future, and if he controls a powerful multinational entertainment company, he will naturally make this matter twice as effective with half the effort.

To put it bluntly, the current efforts are all paving the way for a few little girls to grow up in the future. Since singing is their favorite, while Zheng Rongxuan likes them, he naturally needs to meet their needs in all aspects, let them stand on the top stage in the world to let their singing and dreams fly, as long as they see them all happy, Zheng Rongxuan will feel that he is also happy.

Martin, a private banker at home and new to his own business? After Keane met, Zheng Rongxuan told him his idea, asking him to continue to increase the number of people and strive to buy the target he fancied. For the fact that he was able to receive such a large amount of acquisition involving tens of billions of dollars after taking office, Martin? Keane's whole body trembled with excitement.

Among the many emails he read last night, there was an email from him to report on his progress, and the acquisition team is now basically equipped. Citibank's headquarters received a pick-up from Martin? After Keane's report, it attracted great attention, and mobilized capable professional forces from the New York headquarters, Japan, Europe and other branches to form an acquisition team. Joyce personally took charge and is preparing to leave for South Korea to confirm and sign this huge acquisition with Zheng Rongxuan, once successful, Citibank can not only get high returns, but also get Zheng Rongxuan's asset custody, which is what they value the most, after all, this is a huge asset worth tens of billions of dollars, even among all Citibank's private banking customers around the world, it can also be ranked in the top 2o, so they can't afford not to pay attention to it, If it weren't for the president's every move that would easily attract the attention of the outside world, he would have been eager to come in person. (To be continued!)

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