After all of them were reborn, who would still be an actor?

Chapter 805 The Reverse Operation of the Korean Wave Ban
Lee Sly, Park Gorilla, and Yang Chrysanthemum were all smiling broadly.

It's a three-year film and television contract! Not a three-year agency contract!
The three of them saw it very clearly: a three-year film and television contract is worth 1 billion RMB, which is more than 200 billion Korean won!
It is common knowledge that an artist's management contract is the most valuable asset.

The three of them were overjoyed.

Park Yeong-hyung rubbed his hands shyly and quoted a price of about 200 million for the film and television project.

Expensive.

Since Rain went to serve in the military, JYP Entertainment's Wonder Girls failed to make it in the US market, resulting in truly dismal performance!
It was so dismal that even Lee Myung-yang's debut alongside JYP couldn't save it.

The main reason is that neither of them has been in the industry for more than a month.

There are idol groups without a main focus, but there are, like miss A. In 2013, 60% of JYP's revenue came from this group, totaling just over 20 billion won, less than one-tenth of Girls' Generation's revenue...

The return of the old group is pointless...

JYP's net profit last year was a loss of 50 billion won. I don't know if Xiao Yang's share was included, but I feel like Lee Myung-yang wasn't...

Park Gorilla put it in his pocket.

JYP is undergoing corporate restructuring, its performance is dismal, its stock price has plummeted, and Park Geun-hye is probably indifferent to it all...

The stock prices of Korean pop culture (Korean Wave) can be divided into three periods.

The 1.0 period, from 2000 to 2005, was a period of stagnation and weakness.

In the 2.0 era, after 2005, with the unprecedented success of idol groups such as TVXQ, Super Junior, and Girls' Generation, the entire idol industry entered a period of rapid development.

The company that went public during the first wave of the Korean Wave was not JYP at all; they had absolutely no connection. It was a semiconductor company founded in 1999 that went public in 2001 to cash out. The company's name was SATEC.

In 2007, the year Rain's contract with JYP expired, he transformed himself into a major shareholder of a semiconductor company. After taking office, the company was renamed J.Tune Entertainment and became unrelated to JYP.

In the second half of 2010, Park Gorilla took over the company and became its major shareholder. The following year, in 2011, the company was renamed JYP Entertainment, finally connecting with JYP.

The new JYP Entertainment initially only had Park Jung-hyung, who was newly signed, and miss A, who was transferred from the old JYP subsidiary.

In other words, JYP Entertainment is currently in a state of being both a publicly listed company and a privately held company.

Miss A, WG, 2PM, 2AM, Joo, 15&, and Park Gorilla are actually from two separate companies.

The actual situation is more complicated. Miss A is jointly managed by the new JYP Entertainment and AQ Entertainment (a subsidiary of the old JYP). Although Miss A has been transferred from AQ Entertainment, a small portion of its sales revenue is still settled in the non-public financial statements of the old JYP through AQ Entertainment.

A similar example is 2AM, which has been jointly managed by the former JYP Entertainment and Big Hit Entertainment since 2009, and was previously under CUBE Entertainment.

The new JYP Entertainment is a publicly listed company, and its financial statements are required to be disclosed regularly. The old JYP Entertainment, on the other hand, was a privately held company and had a subsidiary, AQ Entertainment, which ceased operations at the end of 2013.

Therefore, 60% of the publicly disclosed sales of the new JYP, this shabby listed company, come from Miss A.

Why can't people in the Chinese entertainment industry compete with those in the Korean entertainment industry, and why are they constantly being outmaneuvered by them?
The two sides are not even on the same level!
The presidents of the three major entertainment companies in South Korea are all super leaders who have mastered both capital and entertainment thinking!
Furthermore, those so-called "small fry" in the Chinese entertainment industry are all cunning and manipulative.

These small fry eventually brought down the three major entertainment companies... and from then on, Korean entertainment embarked on a path of diversified competition.

The unipolar world order with multiple strong powers has completely collapsed.

The capital structure in the Korean entertainment industry is very complex, while China is still developing the "Internet Plus" strategy.

The Korean Wave 3.0 era, which is now.

Launching an internet and globalization strategy.

During this period, the Korean Wave swept the world almost every year.

The Korean Wave, fueled by the internet, has shone globally and become part of Korean national culture.

It's ridiculous...

South Korea applied to host the World Expo and even brought in a bunch of idols to film promotional videos.

But the Korean wave is truly profitable and has a real following.

As soon as Park Gorilla, Li Huatou, and Yang Juhua heard that Li Mingyang had invited them to a meeting, they immediately brought their prepared plans.

But Li Mingyang suddenly sold the Gold Watch Club for a very unexpected astronomical price of one billion.

None of the three wanted to present their business plans.

They all pledged their loyalty and vowed to live and die with Li Mingyang.

Li Mingyang did not disappoint the three, selling the three idols' three-year film and television contracts to iQiyi and Huace.

Still one billion.

Gong Yu and Boss Zhao don't want it...

The three of them felt a chill run down their spines. Lee Soo-man immediately said the price was negotiable and a discount was possible...

When it comes to idols, Lee Soo-man is undoubtedly in charge, because SM Entertainment has two top boy groups and girl groups, Girls' Generation and EXO.

Li Mingyang sighed inwardly for Gong Yu and Boss Zhao, who had refused such a generous offer. So he changed his tune and said, "How about this, we'll change the film and television contract to a variety show contract, still worth one billion. President Gong, President Zhao, are you sure you can accept this now?"

“I accept!” said Boss Zhao.

“I have no problem with that! But the details must be written in the contract and clearly stated!” Gong Yu said.

Li Mingyang looked at the three corporate slaves.

The three corporate slaves put on an act, looking heartbroken and as if they had suffered a great loss.

"You three, stop acting here and hurry up and sign the contract. Then think about how to fight for the spots later. After all, there are only so many variety shows in a season, and there are only so many artists. We need to fight for the promotional resources."

“I’ll do whatever Director Lee says,” Park said with a smile.

"We're all brothers, I won't hog all the profits. We'll all team up, haha." Li Huatou grinned, already thinking about where to build a new warehouse and how to pocket the profits from Dongda University.

Yang Juhua glanced at Miss Cui again, and only when she saw Miss Cui nod quietly did she feel relieved.

YG has spiraled out of control.

Although Lee Boo-jin admires Lee Myung-yang, Samsung cannot afford to offend Ms. Choi because of YG.

A few minutes later.

With the new contract finalized, Li Mingyang snapped his fingers, and Guo Fan personally set up the camera, aiming it at the three corporate slaves.

"Don't be nervous, everyone. This is just to provide a witness to avoid any disputes later. I have complete trust in the character of everyone here; they are all top-notch."

Li Mingyang said this insincerely.

The three overworked employees nodded repeatedly; the contract was extremely favorable, the best contract they had ever seen.

They only have variety show contracts, while film and television contracts and agency contracts are still in their hands.

The Korean Wave needs intermediaries to reach mainland China, and the three major entertainment agencies are no exception. This is mandatory, and no one can bypass them.

CJ was rejected by the University of Tokyo because no one dared to take it over.

After the three corporate slaves signed the contract, Li Mingyang gave Guo Fan a wink. Guo Fan then moved the camera and slowly scanned the area, capturing everyone in the front row who had witnessed the signing.

Idols are not important; they are just objects.

The camera then focused on Li Mingyang, who promptly picked up a pen and signed the two copies of the document.

Then it was handed over to Gong Yu and Boss Zhao, who both signed their names with smiles, afraid of missing this once-in-a-lifetime opportunity.

They've been waiting for this for so long, all for the idol popularity of K-pop!

As for the agency contract... they don't want to touch it for the time being.

This stuff is too complicated. Wang Changtian and Li Mingyang have completely given up on this area and are now focusing on film and television!
This step is the real strategic move.

It's best to leave idol management to the three major entertainment agencies in South Korea, since they are the most professional.

All they need is idol popularity!

A deal worth two billion was struck in less than half an hour.

A business deal worth over 400 billion Korean won!
Li Mingyang taught the people in the Korean entertainment industry a real lesson through tangible benefits.

Lee Boo-jin straightened her back, smiled, and gazed at Lee Myung-yang with expectant eyes. She was very much looking forward to what kind of business Lee Myung-yang wanted to discuss with her.

However, Li Mingyang did not look at her, but adjusted his posture and faced Wang Changtian.

You're not on the same side, so what's there to talk about?

Lee Boo-jin sensed that Lee Myung-yang was about to start setting up a scheme. From Lee Mi-jin's information and the information she had gathered, she knew that Lee Myung-yang and Wang Chang-tian were deeply intertwined, and the two often worked together to set up schemes for others...

She glanced at Miss Cui with little interest and boredom.

Miss Cui was taken aback for a moment, then returned a smile, a very humble one.

Big fish eat small fish, small fish eat shrimp.

Lee Boo-jin of Samsung is at the very top of the food chain in the Cloud Meeting Room.

"Mr. Wang, do you have the funds to buy back the 15% stake in Enlight Media that I hold?"

When Lee Boo-jin heard this, she was somewhat incredulous, and the others had the same reaction.

"Director Li, you want to sell your shares? Well... can't we talk about it after the New Year?" Aunt Du said.

"Enlight Media's market value is close to 400 billion now, so 15% is close to 60 billion, which is too much..."

"I need money."

"Director Li, what you're doing is really too much! You're giving benefits to everyone else, but Old Wang has always supported you. You can't kick him when he's down!" Aunt Du said angrily.

"Sister-in-law, you can't say that. Director Li is short of money right now. If you can't come up with the money, I can help you out!" Gong Yu smiled so broadly that his mouth was crooked.

Li Mingyang had already completed the market value bet. If Enlight Media's market value exceeds 300 billion, he will receive 20% of the shares in the bet. Of these, Wang Changtian will repurchase 15%, ensuring his absolute control over Enlight Media!

However, due to the loans and pledges made over the years, Wang Changtian was simply unable to recover these shares.

Li Mingyang never mentioned it, and even handed over the shares to Wang Changtian to manage on his behalf.

These are parties acting in concert regarding equity interests.

Li Mingyang proposed selling up to 15% of the shares. If so many shares were to leave the company, Wang Changtian would no longer have the final say in the future. "Six billion? I can offer that. We're all family now, it's all good," said Boss Zhao.

"Do you have that much money?" Gong Yu asked in surprise.

"Don't worry about it."

"Six billion is too much. Let me help you share the burden. I'll take 7.5% of the three billion."

With a score of 7.5, Baidu got a full 10 points!
BAT (Baidu, Alibaba, and Tencent) are the three major shareholders of Enlight Media. A 51% absolute controlling stake isn't necessary; if the three companies hold more than 40%, it would be extremely dangerous…

The shares that Wang Changtian pledged were like a left hand gripping his throat...

"Do you have the authority to allocate so much money?" Mr. Zhao questioned.

"It's just a matter of making a phone call," Gong Yu said, taking out his phone and going out to make the call.

Du Yinlian was furious at Li Mingyang's destructive behavior. She never dreamed that Li Mingyang would target them first.

Isn't that exactly right? Whoever gets close to Li Mingyang is doomed!
"Why aren't you saying anything?" Du Yinlian whispered to Wang Changtian.

Wang Changtian was unscrewing the lid of the thermos when Li Mingyang, without saying a word to him, started to sell the shares.

This is what he doesn't understand.

If Li Mingyang communicates with him in advance, even if he is unwilling, he will support him.

Because Li Mingyang is not only the foundation of the bouquet, but also the foundation of the light.

He didn't understand, couldn't figure it out, and could only think that Li Mingyang was going to do something shady... the fewer people who knew, the better.

“I can’t stop you from selling your shares, but I want to add a buyback clause!” Wang Changtian tightened the lid of his thermos and said in a deep voice.

“I can sign a buyback agreement, but what are you betting with me?” Mr. Zhao laughed.

“Whether or not to add a buyback clause is not up to you… Mingyang, you can’t be so foolish! Your shares are so high, if they flow out, there will be trouble,” Du Yinglian said.

Li Mingyang touched his nose, listening to Du Yinglian and Boss Zhao arguing, but he couldn't get a word in edgewise.

Mr. Zhao is so desperate to get into the film industry...

She was prevented from entering the film industry because of a concerted effort by many people...

Huace's claim of being able to produce hit dramas is utter nonsense!

Li Mingyang didn't speak until Gong Yu finished his phone call and came in.

"President Lee Boo-jin, are you interested in lighting?"

Gong Yu was struck by lightning.

Mr. Zhao was so surprised that he stood up.

Wang Changtian and Du Yinglian stared wide-eyed, completely unprepared for Li Mingyang's plan to bring Samsung into the light.

Lee Boo-jin was stunned for a full three seconds, caught off guard by Lee Myung-yang.

She was unsure whether to buy it or not.

She turned to look for advice, and the first person she looked at was Lee Soo-man.

Lee Soo-man nodded and said, "Chairman Lee, even if you sell 15% of Enlight Media's shares, you still have 5%. He is deeply tied to Enlight Media, which is reflected not only in the shares, but also in the fact that Enlight Media is involved in all the films that Director Lee has produced in mainland China. Enlight Media has always maintained the largest production share. In other words, Enlight Media has the right to handle all the films that Director Lee has filmed in Dongdaemun. This is the most valuable part."

"Oh...can it make money?"

"Of course! Director Li's name is money!"

"Is that so?" Lee Boo-jin placed her hands on her knees, looked at Lee Myung-yang, and smiled. "I can't afford to lose money, you know that?"

“Of course!” Li Mingyang raised his hand and stretched it behind him. Almost instantly, a document appeared in his hand.

He stood up, walked to Lee Boo-jin, squatted down, opened the documents, presented the facts and data to Lee Boo-jin, and explained in detail the benefits of acquiring the shares of Enlight Media.

Lee Boo-jin wasn't very familiar with the entertainment industry, so she recruited Lee Soo-man almost like she was beckoning a dog.

Lee Myung-yang was squatting, but to show respect, Lee Soo-man knelt down to explain to Lee Boo-jin.

Samsung does not hold any shares in SM Entertainment, but SM is Samsung's most loyal partner in the Korean entertainment industry.

Samsung's method of controlling SM is simple: lending!

That is, the 'Star Creation Fund'!
Not only SM Entertainment, but all companies involved in idol creation in the Korean entertainment industry have an inseparable relationship with Samsung.

Samsung is the biggest creditor in the idol-making industry!

Star-making funds are no different from loan sharks, but they're more reliable.

Youth and beauty are assets, and you can sell them!
Therefore, persuading Lee Boo-jin to invest in Enlight Media was an extremely difficult task...

Li Mingyang made ample preparations, mainly by boasting that he would turn the Chinese entertainment industry into a circle that was more profitable and reliable than loan sharking.

During the process of making empty promises, Li Mingyang's biggest worry was that Li Xiuman, that old fox, would say something reckless.

Because there's an element of gambling involved... there's a possibility of losing money.

Lee Boo-jin really wants to become the chairman of Samsung! She can't afford to make any unprofitable deals, as that would tarnish her record.

"President Lee Boo-jin, the domestic entertainment industry is indeed like that. The market is extremely large. As long as we ensure that we have a reliable company as a port, we can exchange cheap labor for a ship full of gold." Lee Soo-man knelt on the ground, raised his hands, and said excitedly.

"But... Li Mingyang isn't very reliable..."

Lee Boo-jin's words resonated with 99% of the people present.

"Lee Boo-jin unnie, you're slandering me! Even Lee Mi-jin trusts me and entrusted CJ Entertainment entirely to me, you have to believe me!"

Lee Boo-jin smiled gently, amused by her unnie.

However, as someone in a position of authority, she considered things carefully and didn't want to make a hasty decision, so she declined.

When Lee Boo-jin refused, Gong Yu and Boss Zhao got excited. They really wanted Enlight Media's shares!

Baidu's Chairman Li didn't want 7.5%; his requirement for Gong Yu was the full amount, as taking half was useless.

If BAT's total shareholding exceeds 40%, Enlight Media will be held hostage.

"What are you all doing here? Do you have foreign exchange? I can lend you any domestic loan as long as you sign the papers. What I need is foreign exchange. Do you have any?" Li Mingyang said impatiently.

"US dollars?" Boss Zhao said.

"Ah."

"No problem! Miss Lee Boo-jin is here, I can borrow her, that'll solve the problem!"

Wow, how come you're so smart!
But I don't want you to get any light in!
Once you're in the light, it's like a leech, you can't get rid of it!

And then there's Baidu. If Baidu gets a 15% stake, it will surpass Alibaba and Tencent, becoming the second-largest shareholder of Enlight Media.

They're bringing in Samsung to invest in Enlight Media, just in time for the ban on Korean entertainment.

Samsung has to go out of business!
Since the ban on Korean entertainment is unavoidable, let's try the opposite approach...

I didn't tell you to get lost, it was the higher-ups who told you to get lost. My losses are greater than yours!

That one sentence is enough to absolve him of all responsibility!

But how to persuade Lee Boo-jin? That's the hardest part...

Seeing that Lee Boo-jin was getting a little bored, she wanted to leave.

Li Mingyang took off his sunglasses and said very sincerely, "Sister Li Fuzhen, Enlight Media's stock is really valuable. You see, everyone is scrambling to buy it. I only decided to sell you Enlight Media's stock because I thought you only wanted to make stable money and wouldn't make any reckless moves."

Their eyes met, and Li Fuzhen's eyes rippled with emotion as she chuckled, "If I buy it, I can resell it to someone else at a high price. I shouldn't lose money on this deal."

"What you're doing isn't very good..."

Lee Boo-jin avoided Lee Myung-yang's eyes, lowered her head and touched her snow-white chin. After thinking for a while, she looked up and said, "I can buy Enlight Media's stock, but I need to provide collateral."

"What kind of collateral? Anything other than myself is acceptable."

"60 billion yuan, which is about 9.5 million US dollars, right?"

"At the current exchange rate, that's about right."

"OK, then it's reasonable for you to use FBTV shares worth a billion US dollars as collateral, right? Based on the current valuation, that's only 10%."

Lee Boo-jin's eyes sparkled...

But just like Shishi, if you don't want to win, you can choose not to win...

Li Mingyang's mind raced as he weighed the pros and cons.

Samsung has its eye on a stake in FBTV...

He had a premonition that once FBTV successfully went public, it would enter the 2.0 era, a survival battle based on the law of the jungle, with more capital involved, and only the survivors would be kings!
"Could we use other forms of collateral, like myself?" Li Mingyang asked with a smile.

"No," Lee Boo-jin replied firmly.

"Okay... $9.5 million, should arrive within three days, no problem?"

"Company account? Or personal account?"

“Actually, they’re all pretty much the same, aren’t they?” Li Mingyang didn’t answer directly.

Li Fuzhen understood perfectly.

Wearing high heels, she stood tall, a victor's smile on her face, and extended her hand.

This is the best possible outcome.

Li Mingyang had no choice but to grasp Li Fuzhen's hand.

It was cool, yet very powerful.

……

(End of this chapter)