On January 3, 2003, on the third day of Lee Young-ae's announcement of her job change, Jade Emperor Entertainment Korea finally reacted.

At 9 o'clock in the morning, Jade Emperor Entertainment held a press conference at the headquarters of the company in Seoul, at which General Manager Park Youzhi first announced that Jade Emperor Entertainment Korea spent 16 billion won (about 100 million yuan) in 03 to shoot three large-scale TV series: "My name is Kim Sam Soon", "The Temptation of Wife", and "Coffee Prince No. 1 Store".

As soon as this filming plan was announced, it immediately dispelled the claim that Lee Young-ae's job hopping three days ago caused the Korean entertainment industry to question the strength of Jade Emperor Entertainment, and at the same time reassured the Korean artists within the company, telling them that the company's strength is very strong, and the Lee Young-ae incident is just an accident.

Announcing the filming of three major productions in one go also has the intention of suppressing SM company's "Dae Jang Geum".

At the press conference, the Lee Young-ae incident naturally could not escape the reporters' questions.

"Mr. Park, Lee Young-ae suddenly jumped to SM Company, what does your company have to say about this matter?"

"There are rumors that a senior executive of your company is at odds with Li Yingai, which caused her to change jobs, what is the discord?"

"Your company's senior management revealed that they want to sue Lee Young-ae for breach of contract? Is this news true? ”

Park Youzhi smiled unhurriedly in the face of reporters' questions: "All reporters are very concerned about Lee Young-ae's job-hopping, so I will take this opportunity to make a few statements on behalf of the group company." ”

"1, it is normal for artists to change jobs, and we don't make too many comments about it. 2, Jade Emperor Entertainment Group has always regarded artists as the core of the company, up to Mr. Chen Lin, chairman of the board of directors of the group, down to the company's staff to treat every artist with great respect, there are several reporters present who know our company very well, should know that I have not a word of water in this sentence, and I dare to swear that the company has not had a single artist complaint since its establishment 6 years ago. So the rumors are not credible. 3. I can tell you frankly about Lee Young-ae's breach of contract. Lee Young-ae's unilateral breach of contract has caused huge economic losses to our company, and we have resorted to law, and at this moment we have filed a complaint with the Seoul High Court, according to which Lee Young-ae wants to compensate us 7.68 billion won. ”

When reporters heard the sky-high claim of 7.68 billion won (48 million yuan) from Park Youzhi's mouth, they were all surprised, and many reporters thought that they had heard it wrong, and Park Youzhi had said one more zero.

In an instant, the scene exploded, and reporters questioned the reasonableness of this sky-high compensation.

"Everyone, please be quiet." Park Youzhi quieted down the reporter and explained: "I know that everyone thinks it's a bit incredible, but I want to say that this claim is completely reasonable. This is a copy of the contract we signed with Lee Young-ae, and everyone will naturally understand it after reading it. ”

During the conversation, the staff sent copies of the contract to the reporters, and some important clauses related to compensation on the contract had been drawn with a red pen.

It is written in black and white that if the artist does not notify the company and unilaterally and suddenly terminates the contract, liquidated damages will be paid.

Liquidated damages = artist's annual salary * remaining years of the contract. The contract says that the annual salary offered by Jade Emperor Entertainment to Lee Young-ae in 02 is 1.92 billion won (12 million yuan).

In order to prove that the figures on the contract are true. Park Youzhi also provided reporters with bank transfer records and invoice receipts.

The more the reporters took the contract, the more surprised they became. They now understand why Jade Emperor Entertainment wants to claim sky-high compensation, and at the same time, the generous treatment of artists inadvertently revealed in the contract of Jade Emperor Entertainment also makes every reporter mutter: "Is it a bit stupid for Li Yingai to jump ship SM company." ”

Reporters can immediately judge that there is no entertainment company in South Korea that can give a better contract than Jade Emperor Entertainment, and it is well known that most Korean companies are very harsh on artists, especially this SM company is a well-known vampire in the industry. For example, in the past two years, rumors of SM company's pillar mythical combination have often broken out to terminate the contract, accusing SM company of being unfair to them.

"Li Yingai is in trouble, it is still unknown whether SM Company will pay this sky-high compensation for her?" The idea quickly popped into the minds of many journalists.

Indeed, the liquidated damages of 7.68 billion won can be said to have created the largest in the Korean entertainment industry.

Just when the reporter was shocked by the sky-high compensation, Jade Emperor Entertainment threw out a news that was enough to cause an earthquake in the Korean entertainment industry, and the so-called sky-high compensation news was immediately put aside by all reporters.

What is the big news? I saw that Park Youzhi invited two special people. One is Thomson, the director of investment at Morgan Stanley Korea, and the other is Ms. Yue Ya, director of the board of directors of Jade Emperor Entertainment.

Ms. Yueya, on behalf of the Board of Directors of Jade Emperor Entertainment, announced that Morgan Stanley had been entrusted to formally launch a tender offer for SM Company.

Thomson then accepted the commission on behalf of Morgan Stanley, and at the same time, Thomson officially issued a tender offer to SM on behalf of Jade Emperor Entertainment.

The so-called "tender offer" is a public offer to all shareholders of the target company, and then the acquisition of the company's shares through the stock exchange. Achieve the purpose of controlling the target company.

A tender offer does not require the consent of the target company, so a tender offer is also known as a hostile takeover, and the target company can only maintain the fate of not being acquired by adopting a-for-tat method of repurchasing shares.

The news of Jade Emperor Entertainment's forcible acquisition immediately triggered an earthquake in the Korean entertainment industry.

SM Company also learned the news as soon as possible, and President Li Xiuman urgently convened a shareholders' meeting.

Lee so-man, a somewhat feminine man with a name, was a famous Korean entertainer and director in the 70s. In 1989, SM Entertainment Co., Ltd. was established.

SM claims to be the largest star-making factory in South Korea today, and has successively won the popularity of H.O.T, Shinhwa, S.E.S., FlytotheSky, BoA, TVXQ, SuperJunior, SuperJunior-M, Girls' Generation, SHINEE, f(x), EXO and other top Asian artists and groups.

Now because of the challenge of Jade Emperor Entertainment, SM has not yet reached the point of covering the sky in the Korean entertainment industry.

As the helmsman of SM, Li Xiuman is naturally a man of his word in the company. No one dared to rebel against his decision, but the situation at today's shareholders' meeting has changed.

Individual shareholders of SM Company have been a rare critic of Lee so-man.

"Xiuman, your behavior this time is too reckless." A director in his 50s, with gray hair and surnamed Li, first rebuked at the meeting: "Now it's okay, Jade Emperor Entertainment wants to buy us, his boss is the richest man in Chinese mainland, this show is full of people you should know, you have to explain to the board of directors if things are done like this." ”

"Dong Li, it is a normal economic behavior for artists to change jobs, what should I explain?" Li Xiuman said disapprenomerly: "As for the other party saying that he wants to buy us, I think it's a bluff." ”

"Xiuman, your shortcoming is that you are too confident and underestimate your opponent, this time your opponent is different from before." Li Dong said in a deep voice: "And your behavior this time broke the rules." ”

"Li Dong said it clearly, where did I break the rules?" Li Xiuman's face sank and he immediately retorted.

"Hmph." Li Dong sneered, usually he was a little afraid of Li Xiuman's arrogance, but if such a big thing happened today, he wouldn't give face: "May I ask what is going on with the script of "Da Chang Jin"? What's going on with Yana Liu? ”

"President Li, is stealing someone's script considered a rule-breaking?"

"That's enough." Li Xiuman was annoyed and angry, and burst into a shout: "All the company's decisions are agreed by the board of directors, why didn't I see you oppose it at the time, and don't pretend to understand people afterwards." ”

In an instant, the muscles on Li Dong's face were beating, and he was about to turn his face when suddenly the door of the conference room was pushed open, and Li Xiuman's assistant broke in and shouted: "The president is not good, the company's stock suddenly fluctuated sharply, and there is a large amount of money buying our shares." ”

Did Jade Emperor Entertainment really make a move on the stock market? Is it really for the sake of an artist, a script does not hesitate to use billions of funds to joke?

Li Xiuman's originally confident eyes flashed a trace of panic, he didn't care about the meeting, and hurriedly got up and walked out of the conference room quickly to see the company's stock fluctuations. Seeing this, the other directors in the conference room, including Chairman Li just now, and the 7 or 8 directors also panicked, and hurriedly ran away.

There is only one chapter today

Wishing you all a great weekend,——

There is only one chapter today, and I wish you all a great weekend. (To be continued......)