When we arrived at the conference room, Director Lee Soo-man, President Kim Min-young, Representative Director Nam So-young, Lee Sung-soo, Producer Yu Yong-jin and other senior executives who Wu Hao had met, as well as a large number of shareholders that Wu Hao had never met, were already on the verge of ready at this moment.
Wu Hao was not surprised by such a big battle. Shao Shi is now the largest money tree for SM. To make Shao Shi give up the Japanese market, which is bigger than South Korea, and turn to debut in China, this important matter of course requires all shareholders to come forward.
Seeing Wu Hao coming in, Li Xiuman, the smiling tiger, immediately stood up and smiled and helped both parties introduce each other.
Although there are various consortiums behind these shareholders, there is no bloody thing that looks down on Wu Hao. After all, Wu Hao is the richest man in Asia, and Li Fuzhen is standing behind him.
After a while of greeting, Kim Min-young, as president, took the lead in speaking: Wu HaoXI, we have held a meeting to study the project you sent several times before. The differences within our company are also very large. Some people think that there are many Chinese people and the market is large, and the entertainment industry is not developed. It can be said that gold is everywhere.
But some people say that it is precisely because China's entertainment industry is underdeveloped, there are no singing shows, no variety shows, and even a few purely entertainment-oriented talk shows... I am frank, let alone not to mention that it can't even sell albums. When I was young, it was difficult to have room for development.
Don’t doubt that the Chinese entertainment industry in 2011 is indeed underdeveloped. If we really prosper, we will have to wait until the variety show is fully blooming and talent shows begin to emerge in 2014, and the fan circle will rise and the mainland entertainment industry will truly prosper.
Fan circles have brought huge traffic, considerable sales and huge economic effects.
But how to say it, the entertainment industry filled with a large number of young and fresh meat and flowers is like the real estate bubble, which is a false prosperity and can be broken at once. If the mainland wants to develop a mature entertainment system like Japan and South Korea, there is still a long way to go.
What Kim Min-young is actually talking about is the reasons why Wu Hao has never bought Shao Shi, and these things are also clichés.
He said: First of all, when he debuted in China in his childhood, he did not attack the Chinese market in full. My idea is to try it out.First of all, the Chinese market is very big, and the entertainment industry is quick and hot.The income from endorsements and commercial performances is many times higher than that of South Korea and Japan. Although commercial performances are indeed fewer, they cannot stand the profit of Ah at one time.How much does a performance in South Korea cost?When the young people were young, only 5 million won, not to mention that the performances and charity performances of TV stations of all sizes were only cost-effective.In China, I guarantee that the starting price of a performance in Shaoshi will not be less than 400 million won!The income from a commercial performance is equivalent to the income of one month in South Korea!
After hearing 400 million won, the shareholders present also took a breath. You should know that the top Korean actors in South Korea have a maximum pay of 700 million won for a movie, which takes at least two months, and a commercial performance lasts only one day.
Wu Hao looked at the chaebols present who looked like they had never seen the world before, and he was also funny. Is a commercial performance worth two million?
There are still nine people. If they know that a certain person can earn more than 2 million in one second, they will be surprised.
Li Xiuman and others who are involved in the entertainment industry naturally know a little about such an exaggerated price, but those shareholders who are not in this industry just collect money questioned it. Someone immediately asked: Wu HaoXI, is the price you are talking about too exaggerated? Taking a step back, it means that the market price in your country is really like this. How can you guarantee that you can get this price in China in the future?
Wu Hao smiled and said: Are you worried about your popularity in China when you were young?That’s right, China’s entertainment industry is indeed not as developed as Korea. It was not the top in China when I was young, but it couldn’t stand the number of Chinese people. How many people in South Korea are there?The country is only 50 million, while Seoul is only more than 20 million.And how many people are in China?1.4 billion!The population of Beijing and Shanghai alone exceeds 50 million, and there are 800,000 registered fans in South Korea, right?Is there still a huge number of Chinese people who can’t attract 800,000 loyal fans?
In fact, this is the economic benefits brought to celebrities by fans, and it is actually traffic.
Shareholders don’t understand this aspect, but Li Xiuman knew it very well. He said with a smile: Wu HaoXI, you can’t say that. I believe that China has many Shaoshi fans, even 1 million or 2 million. However, these 2 million fans cannot be compared with the 800,000 South Korea’s fans. China’s Idl market is immature and fans do not have the awareness to pay for their idols. The economic benefits brought by these 2 million fans to Shaoshi are completely inferior to those of the 800,000 South Korea.
Wu Hao sighed in his heart. If he had only become active in 16 years, he would really be able to make money in China.
He fell into silence. He knew that China's entertainment industry would develop rapidly in the future, but it was not the present. The current Chinese entertainment industry has not even surpassed the decline in Hong Kong and Taiwan entertainment industry.
This matter cannot be explained. Even Chinese people nowadays will not believe how prosperous the Chinese entertainment industry will be in five years, let alone these foreigners.
After thinking about it, Wu Hao didn't want to explain anything more. He said directly: Let's do it!We signed a bet agreement. In two months, I guarantee that after Shao Shi debuted in China, the sales of physical albums exceeded 10,000, digital albums exceeded 200,000, commercial performances of 400 million, advertisements of 2 billion, advertisements of 2 billion, television stations across the country, and talk shows across the country.If I did not let Shaoshi meet the above indicators, I would personally give SM company 10 billion won as compensation for Shaoshi in the past two months!
As soon as Wu Hao's 10 billion was released, Jin Minying couldn't sit still in an instant, and immediately stood up, and asked with depression and excitement: Are these words serious?
Seeing Kim Min-young's appearance, Wu Hao was speechless. Kim Min-young's attitude was obviously to make Shao Shi earn his 10 billion Ah in the past two months. Shao Shi worked tirelessly in South Korea and earned less than 10 billion Ah in half a year.
However, Wu Hao was very confident. Besides, even if the indicators could not be completed, Wu Hao could pay money to let Shao Shi complete Ah himself. Isn’t his main purpose to let Shao Shi come to China and can he accompany them? What is the point of posting some money by himself? It also means that the star needs to open up the market, and he was going to burn money to promote it in the early stage.
In the end, it is better to pay SM company 10 billion for free. Anyway, SM won’t get this money.
Wu Hao nodded confidently and said: Take it seriously!But what if I complete this metric?What is SM preparing to pay?
The shareholders looked at each other, and finally Li Xiuman smiled and said: Wu HaoXI, if you have any requirements, just ask!
Wu Hao sneered in his heart. This is an entertainment company run by a group of businessmen. SM promotes the fans every day how united their artists are, how harmonious they get along with each family concert, and how harmonious the relationship between senior executives and artists is.
But when they heard about this 10 billion, their future was nothing to them.
Wu Hao was not polite, and raised his finger and said?
First of all, SM contributes to the establishment of a new joint venture in Beijing to facilitate the management of activities of Shaoshi or other artists in your company in China, of course!If you don't want other artists to be managed by the new company, I don't care.SM holds 40% of the shares. If I don’t complete the agreement, except for the 10 billion yuan, I will offer all the 60% of the shares in my hand.Second, at least one regular album or mini album is required in China every year. The main song must be in Chinese and the activity period must not be less than two months.Third, if a member of the young age receives a Chinese drama, the SM company must cooperate to adjust the itinerary. You should know that filming in China is different from filming and broadcasting while you in Korea. If you really want to join the crew, you will not be able to catch up with other itineraries at least two months.That's what I ask for.
After Wu Hao finished speaking, a shareholder immediately asked: Wu Hao XI, you said that we hold 40% of the new company. What do you mean is that if Shao Shi had a revenue in China, we could only share 40% of the shares?
Wu Hao said leisurely: I heard that Baoer signed Ai Hui in Japan, and the share was as high as 70%. What?The Japanese give you 30%. If you don’t say anything, I give you 40%. Do you think it’s not enough?
The man immediately shut up. He was also blinded by the 400 million or 2 billion that Wu Hao kept silent. He greedily wanted to take all the money into his pocket, and then he said this.
After that, no one had any objections, and the matter of Shao Shi's debut in China was decided.
The joint venture between the two parties is named H&S Entertainment Company. H is the first letter of the vast starry sky, S is SM. The company is managed and operated by Wu Hao, and SM is responsible for artist planning, which is only aimed at Shaoshi.
SM has its own office in China, so naturally it will not hand over other artists to the new company. If it weren't for the 10 billion yuan, Wu Hao would probably have made his debut in China, even if Shaoshi would make his debut in China, he would not have made his debut through a new company. This would have been a 60% reduction in revenue for no reason.
When it comes to establishing a new company, SM will naturally send people to Beijing to contact Haohan Xingkong, and Wu Hao will no longer pay attention to it.
Next, it was confirmed that it was Shao Shi's new album in China. The final result was to record the Chinese version of "Gee", and other popular songs were released in China as the first regular album.
The Chinese version of "Gee" will also shoot a new MV.
The event period for the new album is two months. In these two months, except for the itinerary that the members have already set, they will concentrate on activities in China and will not return to South Korea.
Wu Hao was not surprised by such a big battle. Shao Shi is now the largest money tree for SM. To make Shao Shi give up the Japanese market, which is bigger than South Korea, and turn to debut in China, this important matter of course requires all shareholders to come forward.
Seeing Wu Hao coming in, Li Xiuman, the smiling tiger, immediately stood up and smiled and helped both parties introduce each other.
Although there are various consortiums behind these shareholders, there is no bloody thing that looks down on Wu Hao. After all, Wu Hao is the richest man in Asia, and Li Fuzhen is standing behind him.
After a while of greeting, Kim Min-young, as president, took the lead in speaking: Wu HaoXI, we have held a meeting to study the project you sent several times before. The differences within our company are also very large. Some people think that there are many Chinese people and the market is large, and the entertainment industry is not developed. It can be said that gold is everywhere.
But some people say that it is precisely because China's entertainment industry is underdeveloped, there are no singing shows, no variety shows, and even a few purely entertainment-oriented talk shows... I am frank, let alone not to mention that it can't even sell albums. When I was young, it was difficult to have room for development.
Don’t doubt that the Chinese entertainment industry in 2011 is indeed underdeveloped. If we really prosper, we will have to wait until the variety show is fully blooming and talent shows begin to emerge in 2014, and the fan circle will rise and the mainland entertainment industry will truly prosper.
Fan circles have brought huge traffic, considerable sales and huge economic effects.
But how to say it, the entertainment industry filled with a large number of young and fresh meat and flowers is like the real estate bubble, which is a false prosperity and can be broken at once. If the mainland wants to develop a mature entertainment system like Japan and South Korea, there is still a long way to go.
What Kim Min-young is actually talking about is the reasons why Wu Hao has never bought Shao Shi, and these things are also clichés.
He said: First of all, when he debuted in China in his childhood, he did not attack the Chinese market in full. My idea is to try it out.First of all, the Chinese market is very big, and the entertainment industry is quick and hot.The income from endorsements and commercial performances is many times higher than that of South Korea and Japan. Although commercial performances are indeed fewer, they cannot stand the profit of Ah at one time.How much does a performance in South Korea cost?When the young people were young, only 5 million won, not to mention that the performances and charity performances of TV stations of all sizes were only cost-effective.In China, I guarantee that the starting price of a performance in Shaoshi will not be less than 400 million won!The income from a commercial performance is equivalent to the income of one month in South Korea!
After hearing 400 million won, the shareholders present also took a breath. You should know that the top Korean actors in South Korea have a maximum pay of 700 million won for a movie, which takes at least two months, and a commercial performance lasts only one day.
Wu Hao looked at the chaebols present who looked like they had never seen the world before, and he was also funny. Is a commercial performance worth two million?
There are still nine people. If they know that a certain person can earn more than 2 million in one second, they will be surprised.
Li Xiuman and others who are involved in the entertainment industry naturally know a little about such an exaggerated price, but those shareholders who are not in this industry just collect money questioned it. Someone immediately asked: Wu HaoXI, is the price you are talking about too exaggerated? Taking a step back, it means that the market price in your country is really like this. How can you guarantee that you can get this price in China in the future?
Wu Hao smiled and said: Are you worried about your popularity in China when you were young?That’s right, China’s entertainment industry is indeed not as developed as Korea. It was not the top in China when I was young, but it couldn’t stand the number of Chinese people. How many people in South Korea are there?The country is only 50 million, while Seoul is only more than 20 million.And how many people are in China?1.4 billion!The population of Beijing and Shanghai alone exceeds 50 million, and there are 800,000 registered fans in South Korea, right?Is there still a huge number of Chinese people who can’t attract 800,000 loyal fans?
In fact, this is the economic benefits brought to celebrities by fans, and it is actually traffic.
Shareholders don’t understand this aspect, but Li Xiuman knew it very well. He said with a smile: Wu HaoXI, you can’t say that. I believe that China has many Shaoshi fans, even 1 million or 2 million. However, these 2 million fans cannot be compared with the 800,000 South Korea’s fans. China’s Idl market is immature and fans do not have the awareness to pay for their idols. The economic benefits brought by these 2 million fans to Shaoshi are completely inferior to those of the 800,000 South Korea.
Wu Hao sighed in his heart. If he had only become active in 16 years, he would really be able to make money in China.
He fell into silence. He knew that China's entertainment industry would develop rapidly in the future, but it was not the present. The current Chinese entertainment industry has not even surpassed the decline in Hong Kong and Taiwan entertainment industry.
This matter cannot be explained. Even Chinese people nowadays will not believe how prosperous the Chinese entertainment industry will be in five years, let alone these foreigners.
After thinking about it, Wu Hao didn't want to explain anything more. He said directly: Let's do it!We signed a bet agreement. In two months, I guarantee that after Shao Shi debuted in China, the sales of physical albums exceeded 10,000, digital albums exceeded 200,000, commercial performances of 400 million, advertisements of 2 billion, advertisements of 2 billion, television stations across the country, and talk shows across the country.If I did not let Shaoshi meet the above indicators, I would personally give SM company 10 billion won as compensation for Shaoshi in the past two months!
As soon as Wu Hao's 10 billion was released, Jin Minying couldn't sit still in an instant, and immediately stood up, and asked with depression and excitement: Are these words serious?
Seeing Kim Min-young's appearance, Wu Hao was speechless. Kim Min-young's attitude was obviously to make Shao Shi earn his 10 billion Ah in the past two months. Shao Shi worked tirelessly in South Korea and earned less than 10 billion Ah in half a year.
However, Wu Hao was very confident. Besides, even if the indicators could not be completed, Wu Hao could pay money to let Shao Shi complete Ah himself. Isn’t his main purpose to let Shao Shi come to China and can he accompany them? What is the point of posting some money by himself? It also means that the star needs to open up the market, and he was going to burn money to promote it in the early stage.
In the end, it is better to pay SM company 10 billion for free. Anyway, SM won’t get this money.
Wu Hao nodded confidently and said: Take it seriously!But what if I complete this metric?What is SM preparing to pay?
The shareholders looked at each other, and finally Li Xiuman smiled and said: Wu HaoXI, if you have any requirements, just ask!
Wu Hao sneered in his heart. This is an entertainment company run by a group of businessmen. SM promotes the fans every day how united their artists are, how harmonious they get along with each family concert, and how harmonious the relationship between senior executives and artists is.
But when they heard about this 10 billion, their future was nothing to them.
Wu Hao was not polite, and raised his finger and said?
First of all, SM contributes to the establishment of a new joint venture in Beijing to facilitate the management of activities of Shaoshi or other artists in your company in China, of course!If you don't want other artists to be managed by the new company, I don't care.SM holds 40% of the shares. If I don’t complete the agreement, except for the 10 billion yuan, I will offer all the 60% of the shares in my hand.Second, at least one regular album or mini album is required in China every year. The main song must be in Chinese and the activity period must not be less than two months.Third, if a member of the young age receives a Chinese drama, the SM company must cooperate to adjust the itinerary. You should know that filming in China is different from filming and broadcasting while you in Korea. If you really want to join the crew, you will not be able to catch up with other itineraries at least two months.That's what I ask for.
After Wu Hao finished speaking, a shareholder immediately asked: Wu Hao XI, you said that we hold 40% of the new company. What do you mean is that if Shao Shi had a revenue in China, we could only share 40% of the shares?
Wu Hao said leisurely: I heard that Baoer signed Ai Hui in Japan, and the share was as high as 70%. What?The Japanese give you 30%. If you don’t say anything, I give you 40%. Do you think it’s not enough?
The man immediately shut up. He was also blinded by the 400 million or 2 billion that Wu Hao kept silent. He greedily wanted to take all the money into his pocket, and then he said this.
After that, no one had any objections, and the matter of Shao Shi's debut in China was decided.
The joint venture between the two parties is named H&S Entertainment Company. H is the first letter of the vast starry sky, S is SM. The company is managed and operated by Wu Hao, and SM is responsible for artist planning, which is only aimed at Shaoshi.
SM has its own office in China, so naturally it will not hand over other artists to the new company. If it weren't for the 10 billion yuan, Wu Hao would probably have made his debut in China, even if Shaoshi would make his debut in China, he would not have made his debut through a new company. This would have been a 60% reduction in revenue for no reason.
When it comes to establishing a new company, SM will naturally send people to Beijing to contact Haohan Xingkong, and Wu Hao will no longer pay attention to it.
Next, it was confirmed that it was Shao Shi's new album in China. The final result was to record the Chinese version of "Gee", and other popular songs were released in China as the first regular album.
The Chinese version of "Gee" will also shoot a new MV.
The event period for the new album is two months. In these two months, except for the itinerary that the members have already set, they will concentrate on activities in China and will not return to South Korea.
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