Chapter 484: Breaking into the Def Jam

All in all, this is a short and brutal business battle, Daniel's reason is very clear, Russell Simmons must leave, even if the capital of the book has a complaint, but in order not to affect the prestige of the new president of Sony Columbia Records, he can only endure it, PolyGram's people returned to New York and communicated with Daniel again, and learned that there was no room for turn, so they also gave up their support for Russell Simmons.

But Russell Simmons really doesn't want to leave, his so-called fashion and media empire is built on Def Jam, without the influence in the East Coast record industry, there will be no singers to help his fashion brand bring goods, he and Quincy Jones' VIBE magazine influence is not to mention greatly weakened, at least his personal influence on the magazine will plummet.

In order to make a final struggle, he began to expose the alliance between Song Ya and Daniel, and angrily denounced the two as moths and robbers of Sony Columbia Records in VIBE magazine. He also tried to tie himself to the New York hip-hop scene, actively contacting other potential buyers in New York, claiming that even if he did, he would never sell to Song Ya, and was only willing to sell to New Yorkers. Some die-hard artists, such as his singer and influential old hip-hop superstar LL Cool J, have come forward to endorse him, claiming that New York musicians will never accept a Chicago boss, not even APLUS, and he is even willing to take over that stake from Russell Simmons with some friends.

The matter was deadlocked until September 14, when the big news came on the West Coast, MJ really did not choose to settle before trial, and the plaintiffs Evan Chandler and his son immediately launched a civil lawsuit against him, and this high-profile case came to a climax again.

Daniel's timing is very good, no one cares about a small equity battle for East Coast records, plus the record industry is not a fragrant bun at all, the real estate and technology industries are much more profitable, no one wants to get involved in this muddy water of huge losses for many years, after he used the power of the president of Sony Columbia Records to scare LL Cool J back, Russell Simmons did not find the support of other powerful figures, so he had to bow his head.

"AREN'T YOU TOO LAZY TO COME HERE IN PERSON?"

In Def Jam's office, after a series of private deals that had nothing to do with Songa, Russell Simmons picked up the pen.

"He's busy, and it's not much of an investment." Hamlin, who was sitting opposite, replied.

"The Pride ...... New York Hip-Hop"

Russell Simmons glanced around the office, "It's a pity. He reluctantly signed the papers.

Hamlin exchanged glances with Samur, who was sitting next to him in charge of the financial audit, and both smiled approvingly.

After a series of desperate struggles for survival, Russell Simmons was not completely defeated, and he was able to retain 9.8 percent of Def Jam's shares, falling from the first largest individual shareholder to the third largest after Songya and Lyer Cohen.

The early 10 percent of the shares he sold are being divided between Song Ya, Lyle Cohen and Mariah Carey, and Song Ya contributed 4.5 million yuan to the same 9.8 percent of the shares, which is slightly higher than the purchase price of 7.8 percent of the small and medium-sized shareholders he bought before, totaling 7.75 million dollars, or 17.6 percent of the shares. Mariah Carey came to play the ticket, and only won a few tenths of a percent, which is better than nothing.

Excluding the 5% of Daniel's holdings on behalf of Daniel, the remaining 12.6 is enough to ensure that he becomes the largest individual shareholder of Def Jam.

Lylecohen, who is the second-largest shareholder with a stake in the early 11th percent, was at odds again at the end of the negotiations, and he played a major role in Russell Simmons' ability to retain the 9.8 percent stake, hoping to lay the groundwork for the two to reunite in the early twenties.

This is almost a conspiracy, but Song Ya knows that the development of things will definitely not go as smoothly as Daniel patted his chest to promise, and the musician's regional complex is real, Russell Simmons provoked the indignation of the New York hip-hop circle and reminded him that this fire must be extinguished in time, he is afraid that it will not be easy to control if it really burns, and there are a bunch of potential enemies of Bad Boy Records.

And Russell Simmons forgot one of his best collaborators, Rick Rubin, who had a good life after moving the music company to the West Coast, his hip-hop singer Sir Mix-a-Lot has been selling well since last year's popularity, he helped revive the career of veteran country singer Johnny Cash, and also produced some albums and singles for Warner Records' brands such as the Red Hot Chili Peppers.

Song Ya knew that the guy who was not short of money would definitely be willing to take back the company he had founded, especially from the hands of his former sworn enemy Russell Simmons, but fortunately, Russell Simmons seemed to hate him more than he hated himself, and did not consider him as a potential buyer at all.

Business is business, this sentence is an iron law in the United States, but people are indeed people with seven emotions and six desires, and to some extent, no one can completely abandon their feelings to talk about business.

In a situation where both ends are starting to be afraid, compromise is inevitable, anyway, Song Ya has no intention of Def Jam's actual management, and the president is still Laier Cohen's according to the agreement.

His investment can increase in value, and by the way, the long-established hip-hop label will be able to gain more power in the hip-hop music industry, even if Def Jam still loses a lot every year, it will be good for himself.

Def Jam owns part of the rights to the records of well-known rappers in the 80s such as LL Cool J, and still has signed pension contracts with many of them, although this is one of the reasons for their huge losses year after year, but those old guys still have a lot of influence on the streets of the East Coast, which can add a lot of bargaining chips to the Chicago conference he founded, and he also plans to follow Russell Simmons's approach and let those old guys bring his A+ clothing goods.

And he was too busy to have time to tear up others, and he didn't even show up at Def Jam's headquarters in New York until the deal was completed.

Daniel's acquisition preconditions were completed, and then the 50% of Sony's Def Jam shares were transferred to Polygram, and the transaction price remained unchanged, 50 million, according to this price, the 17.6% shares owned by Song Ya instantly appreciated to 17.6 million, not considering the part held by Daniel, 7.75 million investment made a net profit of nearly 10 million after turning around, more than doubled.

Daniel's reward is really interesting, he is much better than Motura in this regard, for himself.

Of course, he has to hold those shares for at least two years to make a show, otherwise it will be too ugly to eat, and no one will take over this price at present, just like Russell Simmons's 60 million worth in the heyday of Def Jam, but it's just a fictitious, book companies that like to sprinkle money in the United States are gradually losing their voices, and with the increase in piracy, the record industry is also going downhill, and the best times seem to have passed. From this point of view, the price at which Daniel sold is also reasonable, and the capital of the book must be unhappy, but there is nothing to complain about, after all, the huge loss was caused during Motula's tenure, and Daniel can also be regarded as wiping his ass for his predecessor.

"Get the accompaniment version out."

The vocal cords also went down and Song Ya, who was in a good mood, brought all the Dancing My Life scores to A+ Records and handed them to his production director, Dion Wilson, "to finish it by next year." ”

"So many songs?"

Dion Wilson was surprised to get sixteen thick scores, "Is it the soundtrack of my life?" ”

"Yes."

Because of the voice problem before, Song Ya made a very detailed mark next to the score of both the lyrics and the song, "The requirements are all on it." ”

He found the Be What You want to Be Be part, "I don't want a black gospel style for this song, I want white people, even European children's choirs." ”

"So I'll make a budget first?" Dion Wilson asked.

"Go ahead."

"By the way, is your voice better? Your performance on VMA Want to Want Me has been well received, your fans are petitioning, and Sony Columbia Records is asking if you want to release another single? ”

"Nope."

He now has a psychological shadow on this song, and after explaining things in a few words, he went to the office to deal with the backlog of documents, and when he came out, he saw the William Adams trio, who were poking their heads out of the small recording studio to greet him, "BOSS." ”

“YO。”

casually raised his chin, and after bumping fists with the three of them, he planned to flash.

"Uh, Snoop Dogg told you to call him back." William Adams said cautiously.

"Oh." Song Ya agreed.

"Will you call back?"

"Will you?"

Song Ya perfunctory past, Snoop Dogg's bodyguard shot and killed a West Coast hip-hop singer who fought with him last month, and is now being investigated by the police. He has always stayed away from this kind of role, and the call also made Linda find an excuse to refuse, but he didn't expect to come to his own singer to talk about it now.