Korean Entertainment Kpopstar

Vol 2 Chapter 247: I want 20% of the shares (Part 1)

From September to November, js Junxiu kept running the schedule in the United States. On November 3rd, JS Junsu was featured on the November cover of the American music magazine "Billboard". Because his two songs continued to occupy the top spot on the Billboard, Billboard Magazine finally interviewed Junsu. Junsu also became the first Korean singer to be officially introduced by Billboard magazine. But on this day, js Junxiu went to Japan to participate in the premiere of the movie "Love in the Sky" together with Yui Xinheng, and started the Japanese promotion of the movie. one week later..

On November 11, JS Junsu attended the "2007mtv European Music Awards" held in Frankfurt, Germany and won the best ep award, and showed the Korean knife group dance to the European audience on the EMA stage. On November 18, JS Junxiu won the New Media Award at the 35th American Music Awards, and performed a domineering knife group dance at the finale of the awards ceremony. On November 26, JS Junsu was nominated for Time Magazine's Person of the Year for this ep album.

In December, s.m issued a statement: JS Junxiu has been invited to participate in the "New York Times Square New Year's Eve Event".

The end of the year summary has finally begun. Junsu won the 'n more' male entertainer most wanted to date, the most musically talented entertainer, and the first Korean most influential entertainer in the media and magazine reviews. One of the most influential entertainers in the world in the spread of Hallyu culture...

At the same time, because the two-year contract between Junsu and Samsung mobile phone expired, Samsung announced a message that js Junsu and Samsung Electronics will renew their endorsement contract, and the endorsement fee will be 5 billion won for two years! Moreover, Pepsi-Cola in the China/China region also sincerely invites js Junxiu to endorse, and the price also offered is 5 billion won, two years!

At the end of the year, Junsu was crediting 10 billion to s.m. At this time, the media announced that in 2007, js Junsu alone created at least 70 billion won in revenue for s.m! After the news came out, the entire Korean entertainment industry was terrified. js Junxiu is just printing money. 70 billion won, which is more than the annual income of many small and medium-sized enterprises. However, this is only brought by js Junxiu alone!

That's right, Junxiu alone has surpassed the entire TVXQ's income, and it is precisely because of this that s.m is even more reluctant to let go of Junxiu. In December, Junxiu returned to China for the year-end awards ceremony, and s.m also planned to let Junxiu release a solo single in Korea, because the song "lonely" before that month had not been released, and the entire TVXQ was busy in Japan. The Korean market has gradually been robbed by bigbang, so s.m called back Junsu, who had achieved impressive results in the United States, to fight with bigbang.

The day after returning to China, Junsu was called to s.m's conference room again, because of contract issues.

This time almost all the shareholders arrived, and Junxiu also sat in the conference room. Yu Yongzhen said first: "Junxiu, you still have 3 months left in your contract, and your contract will expire in February of next year. Now the shareholders are talking about your conditions. After all, no one wants to see it. Until TVXQ's disbandment, isn't it?"

Junxiu looked up at the shareholders, and then asked them, "How much are you going to pay for the signing?"

One of the shareholders said: "The signing fee of 10 billion won, and s.m, 5% of the shares. The share between you and the company remains unchanged. , and there is also a 5% stake in the s.m tank for js Junxiu, which is indeed a very good signing fee.

However, Junxiu shook his head and said: "I also know that the signing fee and shares are indeed the company's sincere contract renewal conditions. Now I will say it bluntly, js is the broker founded by me and brother Minhyuk. The company, I own 90% of the shares. So if you want me to stay in s.m, the 5% you offered is still too little. Personally, I am willing to exchange 39% of js shares for 20% of s.m. We cross-share..”

But after Junxiu's words fell, the shareholders of s.m immediately retorted: "Do you think your 'js' can be compared with that of s.m?" Taking 20% ​​of the shares, the shares not only include the market value, but also the company's profits. This is unacceptable for s.m's shareholders.

"I know that even if js entertainment takes out half of the shares, UU Kanshu www.uukanshu.com is not comparable to s.m's 20% shares. But don't forget that this time we are talking about contract renewal, js entertainment's 40% stake. % shares plus my personal itinerary contract, I think it is very reasonable to exchange 20% shares of s.m.”

"Reasonable? What do you think is reasonable? Now let's not talk about the outside retail investors holding shares, let's just say that the company's shareholders, the largest shareholder Li Xiuman only holds 47%, and you want 20%, this is to dilute our hands. How many shares are there? It means that the shares you asked for became the second largest shareholder of s.m directly after you came in. Do you think this is possible?"

"Why is it not possible? Don't you all hold the same shares in js entertainment? Although there is only one Bai Zhiying in js entertainment now, I believe that the prospects of js entertainment in the future are unlimited."

"The future, you are talking about the future, who knows when the future is in your mouth?"

Junxiu is also rarely entangled with the shareholders, he said directly: "I am after the contract of s.m expires." As soon as Junxiu's words came out, the shareholders were very speechless. Now even a small brokerage company will become a first-line brokerage company in everyone's eyes after having Junxiu's contract.

Now Junxiu's wings are really hard, s.m has no way to get him, not to mention Li Xiuman's relationship. With only his contribution to the promotion of Korean culture in the world, no TV station can block him. Junxiu is equal to an artist who is protected by the Ministry of Culture. Therefore, it is useless for Junxiu to play the 'blocking' set by the brokerage company.

The ugly Junsu can still develop well even if he does not develop in Korea, at least his achievements in the United States explain everything, so the issue of 'contract renewal' can only be negotiated with Junsu. No other crooked way can be used on Junxiu...

(To be continued..)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like