The richest person in Chinese entertainment

Chapter 279: The World's Attention, New Program Preview
In the evening, when the weather in the capital is a little cooler.

The entrance of the Morning Light Building is already crowded with media reporters from all over the world.

Top media from various countries, including the Associated Press, Reuters, AFP, and Spoon TV, sent live broadcast teams here to witness a foundation established by a person from the entertainment industry.

It’s not like there haven’t been entertainment stars doing charity work in the world before, but there has never been a charity fund as large-scale as the one initiated by Zhang Chen.

According to the funding scale disclosed by Morning Glory Group, the $7 million fund is enough to support the long-term operation of any organization in the world.

Take the Nobel Prize for example. In 1901, the initial funding for the Nobel Prize was 3100 million Swiss francs. However, after more than a hundred years of development, the prize money awarded by this fund has exceeded million Swiss francs.

However, the principal has not decreased, but has increased instead.

Although the fund led by Morning Light Group is not a prize money, its expenditure may exceed that of the Nobel Prize by a lot.

However, in terms of the initial capital, the scale of more than 7 million US dollars is enough to leverage the stock market of any country in the world. It will be easier to develop this fund into a larger one in the investment field than the Nobel Prize Fund.

Now various media want to know the specific operating model of this fund and who will be able to receive assistance from this charity fund.

It's 6 o'clock in the capital.
The moment Zhang Chen and the "Voice of China" program crew walked out of the gate of the Morning Light Building, the sky, which had begun to gradually darken, was illuminated as bright as day by the flash lights of thousands of media reporters.

Even for people like Zhang Chen and Michael Jackson who were used to the enthusiasm of the media, this level of flash still caused them to be temporarily blinded.

Behind this group of reporters holding cameras are news broadcast teams from TV stations in various countries. They had already started the live broadcast and also transmitted the scene of Zhang Chen and others' appearance to every corner of the world.

Zhang Chen and his team stayed at the door for three minutes. After they got used to the bright light from the flash lights, Zhang Chen led everyone to the large stage that had been set up.

The host of today's press conference is still Zhang Chen's "Uncle He".

As for whether foreigners can understand what I am saying?

Which international media outlet would not have a translator or a reporter who is fluent in Chinese?
Moreover, countries like the United States, Canada, Gallic Rooster, and the United States directly sent reporters who had just got off work from China's foreign affairs department to come here to report.

These reporters are all proficient in Chinese and are better able to ask questions at the press conference or capture some important information.

“Leon, may I ask how big is the scale of this charity fund?”

"Leon, who will be the donors for this fund?"

“Leon, who will manage this foundation?”

"Lyon."

As soon as Zhang Chen and others sat down, the group of reporters began to ask questions.

Teacher He had no choice but to take the microphone and start maintaining order.

"Ladies and gentlemen, I will now call the roll. Media friends who are not called, please keep quiet and do not speak at will."

After some selection, Teacher He chose a reporter from China Spoon Station.

"I would like to ask Zhang Chen, is this fund for supporting domestic construction?"

Zhang Chen looked at the reporter from the Spoon Station speechlessly: "The scope of this fund's donations is the whole world."

Although he was the initiator of this fund, a large part of the 7.28 million was actually contributed by Michael Jackson and Madonna.

He actually made quite a bit of money.

For example, he only calculated a profit of $2 per physical album.

But in reality, this is just the money the singer gets.

At present, according to the general sales price of an album of about US$8, US$2 is given to the singer, and after deducting the costs of publicity, production, etc., the record company can get about US$1.5.

If the distribution volume is large, the cost can be reduced further and the profit can reach about US$2.

That means with 3500 million records sold, Zhang Chen earned about 7000 million US dollars.

The same applies to digital albums. This time, only 20% of the sales of digital songs from Morning Music was taken out, which is the profit of Morning Music on each song.

But this time they said that the singers’ income would also be included, so there is actually still 10% to 30% of the profit that has not been calculated, which is about 4000 million US dollars.

Only concerts are real expenses, and even the profits are earned by the government officials of the place where the concerts are held.

After Zhang Chen answered the first question, Teacher He called on another reporter. Coincidentally, this reporter was from the United States, and the questions he asked were quite inflammatory and tit-for-tat.

"Leon, as far as I know, Michael and Madonna from our country have made the greatest contribution to this charity show. According to my calculations, based on their appearance fees, at least $5 million in donations were provided by them. So can this fund be considered to have been established by the United States?"

After he finished speaking, he took a special look at the Chinese singer sitting on the stage.

Fortunately, this person usually works as a reporter for the Ministry of Foreign Affairs and knows some basic social etiquette. However, he often represents the United States in press conferences of the Ministry of Foreign Affairs of China, so he cannot help but consider the United States, and his tone of voice unnaturally carries a condescending tone.

"I cannot deny that Michael and Madonna have made great contributions, and I would like to express my gratitude to them. As for the other thing you mentioned, your country can also invite some celebrities to perform for charity."

Zhang Chen originally wanted to say something like "executioner", but then he changed his mind and realized that at least half of the people on the stage were from the United States, and they were the ones who made the biggest contribution to this foundation.

Even they themselves were disgusted by the behavior of their country, but Zhang Chen could not criticize it openly.

Moreover, this question is also very tricky. He has to acknowledge the contributions of several singers from the United States, and also express that it was Zhang Chen who initiated this charity performance. However, he cannot say it too bluntly, otherwise it will embarrass the singers from the United States.

Sure enough, a troublemaker is a troublemaker. No matter in what aspect, the United States will always make things difficult for you.

"Leon, you don't seem to have attended any concerts during this world charity tour. Does that mean that this fund should be run by Michael and his team?"

As the younger brother of the United States, the United States is following closely behind.

And among the singers there was Celine Dion from their country, so he had every right to ask this question.

"Don't you know that this world tour was funded by my company?" Zhang Chen glanced at the reporter who was relying on his power. "But the chairman of the fund is indeed Michael. I think he is more qualified for this job than me."

This is the truth, but if you admit it directly, you will undoubtedly fall into the trap of this reporter, and the efforts of Chenguang Group and the Chinese singer will be ignored.

Of course, there was no need to tell anyone that he had a veto.

Although it was just a press conference for the entertainment industry, Zhang Chen deeply felt the power of the spokesperson of the Ministry of Foreign Affairs. While facing these tricky questions every day, he was able to silence the other party in a polite manner.

Zhang Chen felt that he should read more of the news in the future and learn how to confront people elegantly.

“Leon, why don’t you donate this money to the Red Cross?”

"The Red Cross is already busy enough and I don't want to add any unnecessary burden to them."

The Red Cross is eager for Zhang Chen to donate the money. 7 million US dollars, I wonder how many people it will benefit.

But Zhang Chen's words sounded nice, so they would not be allowed to bear the "burden" of $7 million. "Leon, don't you think this money should be donated to the heroes who eliminated terrorists in the desert? They are the ones who are contributing to the peace of the world."

Zhang Chen looked in the direction of the voice. He originally thought that the person asking this question should be a media from the United States, but his Asian appearance made him curious and asked, "Which media are you from?"

"Asahi Shimbun"

Zhang Chen nodded. It turned out to be another lackey, begging for food from his master. "Your Chinese is pretty good."

When I listened to his speech just now, he didn't sound like a colonel at all.

But that was the end of Zhang Chen’s answer.

It’s good enough that he doesn’t call the United States a terrorist country itself, but how can we expect him to donate to mold?
His veto power and the establishment of the foundation's headquarters in China are intended to prevent certain institutions in the United States from coveting the money.

The reporter wanted to ask more questions, but the microphone was taken away by the staff on the scene, so he could only sit back depressed.

"Okay, I've asked almost all the questions I need to ask. Let me introduce some basic information about this fund."

Zhang Chen looked at the countless live broadcasts at the scene, sorted out his thoughts, took out the pre-prepared speech, and began to introduce the basic situation:
1. First, the initial capital of the foundation is US$7.286 million. The fund is currently privately funded and does not raise funds from the outside. The main source of annual operating funds is the investment income of the fund.

This is mainly a matter of procedures. Raising donations from outside requires qualifications. The foundation has only been established for a short time and has not obtained the qualifications so quickly.

2. The foundation’s headquarters is located in China, with its office located on the 3rd floor of the Morning Glory Group, and an office is established in the United States.

On June 6 of this year, China issued the "Regulations on Foundation Management", which also set the prerequisites for the establishment of the foundation by the Morning Light Group.

But compared with Western countries, especially the United States.

The equation of “entrepreneur = philanthropist” is not yet completely true.

Although China currently has the benefit of tax exemptions for charitable donations, this preferential condition is only available if donations are made to China's 10 national charities.

At present, the charity foundation established by the Morning Glory Group cannot enjoy this preferential treatment, so the Morning Glory Group does charity just for the sake of charity, and there is no so-called idea of tax reduction or exemption.

As for setting up an office in the United States, it is to help Zhang Chen's companies avoid taxes.

Why are all the wealthy people abroad so keen on charity? The purpose is to reduce taxes.

3. List of Foundation Members:

Honorary Chairman: Zhang Chen
Chairman: Michael Jackson (in charge of all affairs except Asia)

Chief Supervisor: Zhang Chen
Supervisor: Liu Yifei
Vice Presidents: Wang Fei (in charge of China), Zhang Guorong (Asia)
Secretary General of the Secretariat: Liu Xiaoli
Board members: Madonna, Liu Huan, Luo Dayou, Will Smith, Celine Dion

Ordinary members: some students from "The Voice"

4. The foundation is registered under the name of Chenguang Group, and the current fundraising is also provided by Chenguang Group and its employees.

5. Donation recipients:

Poor children in the world, poor students majoring in art, victims of large-scale natural disasters, development of products for the disabled, etc.
There are many details, and there is no need to introduce them all to the media.

After Zhang Chen explained some basic information, another media outlet raised doubts:

“Excuse me, does this foundation’s donation target not include minority groups?”

"Do you mean?"

“Organizations like ethnic minorities, sexual minorities, and environmental groups.”

After listening to the reporter's explanation, Zhang Chen almost couldn't resist the urge to roll his eyes.

Some kind of correctness has begun to sprout so early?

However, she still responded: "This is a personal choice, I respect it, but I don't think they need help more than those who are really suffering."

Only people who are too full will pay attention to this kind of problem, and Zhang Chen does not want the foundation he founded to become a tool.

"Okay, taking advantage of the presence of so many media outlets around the world today, I'd like to make one more announcement. In the middle of next month, Morning Light Entertainment will launch a singing competition program. We have already completed the invitation process for the contestants. I hope everyone will pay more attention to Morning Light Entertainment's official Weibo and Facebook accounts."

“Is The Voice of China no longer being broadcast?”

Regarding the news released by Zhang Chen, everyone is more concerned about the show "The Voice of China".

Because this show has indeed supported countless news media.

And this lasted for nearly a year.

Basically, from last year to the beginning of summer vacation, they have countless hot news reports.

Now that this year's summer vacation is approaching, although they have not seen the news of the second season released by Morning Light Entertainment, they still believe that this time "The Voice of China" has just changed its format and will no longer hold nationwide auditions.

But what they didn't expect was that Chenguang Entertainment actually put aside such a popular variety show and instead started a new project.

Isn't this a typical behavior of throwing away the watermelon to pick up sesame seeds?

"The Voice of China will still be held, but we have to wait for a while. It's impossible for there to be so many new people every year, right?"

Why is the first or second season of this type of audition variety show generally regarded as a masterpiece? The reason is that the first two seasons can basically draw out the most talented singers in recent years.

It is held consecutively afterwards, and the singers who can impress people are either those who were eliminated in the previous session or those who are still relatively young.

Therefore, in order to ensure the quality of the program, Zhang Chen did not plan to hold it consecutively, and decided to wait until it was familiar to the audience.

"By the way, this variety show is called 'Singer'. It will invite singers from three generations around the world to compete, and they will be ranked based on the ratings of audiences from different countries."

"Leon, can you tell me which singers will be participating?"

"For more details, you can follow Chenguang Entertainment's official Weibo and Facebook accounts."

"That"

Seeing that Zhang Chen was so tight-lipped, the reporters had no other options. Finally, one reporter asked a question that had been ignored for a long time: "What is the name of the foundation?"

"Oh, it's called 'Morning Light Charity Foundation'."

After Zhang Chen finished speaking, he and everyone else unveiled the red cloth on the stage, revealing a bronze plaque inside.

　I will have another chapter tonight

　　If you want to discuss the plot, you can directly join the group
　　
　
(End of this chapter)