I'm just trying to ride the wave of popularity!

Chapter 147 An Overwhelming Phenomenon! (Part 2)
"Press it down!"

"Hurry!"

"Damn it, what are you reviewers doing?!"

"Why wasn't the 'Love Ferris Wheel' project approved? Tell me, why!"

"Find out the truth!"

"..."

noon!

In the chairman's office.

Chairman Deng Baiqiang, who was resting, was suddenly awakened. After seeing all sorts of negative news flooding the internet, their expressions changed drastically!
Tianyu was founded in the early 90s.

The company was initially established by filmmaker Danny Deng to invest in a film about his brother.

However, after the film became a box office hit, Danny Deng and his investors realized that there was great potential in the film industry. So, in 1994, they officially entered the media industry in full force.

Its business scope is very broad, covering investment and operation in film, television series, artist management, record production, entertainment marketing and other fields, and it has achieved good results in all these fields.

Once an entertainment company reaches a certain size, it will face the most important stage of expansion!
That means going public.

Going public allows companies to raise more funds in the capital market, expand their influence, and attract overseas capital to broaden their business scope!
For Danny Deng, the listing of Tianyu Media was the most important and crucial part of his capital empire!
They will determine the positioning and status of Tianyu Media in the entire Chinese entertainment industry for the next five or even ten years!
For the past year or so, he has been traveling between mainland China and Hong Kong almost every day to make contact with major international capital through various channels in preparation for his IPO!
The box office failure of "Superman 2" affected the ratings from investors, but the subsequent box office success of "A Better Tomorrow" and the explosive box office of "King of the Monsters" immediately boosted the ratings from investors!

The listing date has already been set!

定在了2004年的3月8日，10点15分，于港岛正式上市！
Furthermore, many large overseas listed companies have also promised to help with the IPO!

Even yesterday, the data department told him about the estimated financing amount after Tianyu's listing!
Based on current market enthusiasm, Tianyu Media's post-IPO capital raising will be at least 2 billion yuan...

Of course, Danny Deng was not excited by this, nor did he let his guard down. Instead, he remained vigilant at all times!

The world of capital is ever-changing; until the very last moment, no one knows who the real winner will be!

Sure enough, not long after "King of the Monsters" broke the record for Chinese films, "Huashang Brothers," which was also preparing for its release, released "Digital Empire," and its box office performance was even more phenomenal. It quickly rose to a position of influence comparable to that of "Tianyu Media." In fact, after "Digital Empire," "Mech Warrior" followed closely behind. Although it did not achieve the same level of success, it still gained a lot of popularity!
Just a few days ago, Danny Deng was discussing with his team how to use new buzz to once again outshine [Washington Brothers], and even considered taking some risky moves!
After all, the business world is like a battlefield!

Tianyu Media and Huasheng Brothers were both battling it out during their IPO process, vying for attention and news to prove their market influence!
Everyone knows!
This IPO in March will determine who will be the leader in China's entertainment industry!
At this critical moment!

No one expected this at this critical juncture!

suddenly!

A series of tax evasion scandals were exposed, and the news went viral instantly!
"It can't be suppressed any longer!"

"The relevant departments have been alerted; the tax authorities have arrived!"

"..."

"It's trending like crazy on [Wandou Movie Network], I heard that [Huashang Brothers] is pushing it along!"

"It's not just [Washington Brothers] that's fueling this; other film companies are also secretly doing the same thing!"

"The chairman of Shengshi Entertainment, during an interview, even said on the spot that the 'Love Ferris Wheel' project itself had problems..."

"Those bastards who kick someone when they're down!"

"..."

in the office.

The assistant, pale-faced, rushed in in a panic.

When Deng Baiqiang heard this, his face turned very ugly, and he slammed his fist on the table!
The world of capital is an era of fierce competition and scramble!

Especially at a time when everyone is going public, having fewer competitors is a great advantage, especially for a company like Tianyu Media, which is currently enjoying great success!

After experiencing some financial problems, they suddenly became the target of attacks!

"Damn it, who's in charge of the 'Love Ferris Wheel' project?! Is there solid evidence of tax evasion?"

"Some of the evidence is conclusive. Many of our senior executives received kickbacks on the 'Love Ferris Wheel' project. The other party was very cunning and left evidence a long time ago!"

"Have the tax authorities arrived yet?"

“They’re investigating our company right now… This has had a huge impact; we simply can’t withstand the investigation! Mr. Deng, should we use our connections to try and resolve this matter…”

"At this sensitive time, who do you dare to contact?"

"Then what should we do?"

"..."

Danny Deng silently closed his eyes without uttering a sound.

About a minute later, he opened his eyes, his gaze filled with ruthlessness.

He left behind four words!
"Clean up the mess properly!"

....................................

7 o'clock in the evening.

The 1819 segment officially broadcast the news: "Director and investor of 'Love Ferris Wheel' accuses Zheng Yichen and Chen Liang of tax evasion."

At 8:15, television channels such as "Rule of Law Society" and "Chaoyang News" interviewed Zhang Jingya, and the interviews were published on their respective websites at 9:10.

In the video, Zhang Jingya was emotional and almost choked up. She angrily recounted how she was gradually lured into investing more money during the filming of "Love Ferris Wheel," and how she was eventually forced to sign a gambling agreement...

There are audio recordings, videos, receipts...

At 9:16, Tianyu Media was brightly lit, and countless media outlets crowded the entrance.

Meanwhile, the person in the spotlight, Cheng Yi-chen, is hiding in his office at this moment. He not only dares not go out, but also dares not accept any interviews. His expression has gradually changed from anger in the morning to panic!

"It can't be suppressed anymore?"

"Damn it, why can't I suppress this? The seniors in the industry had much bigger problems, and they still managed to suppress them, so why can't I?"

"What about the public relations department? [Tianyu]'s public relations department and legal department—aren't they supposed to be the most powerful public relations team in the entertainment industry?!"

"Now they've all gone silent!"

"..." Especially when he saw that in less than a day, the incident had gone viral on the internet, with almost every media website discussing it, he instantly felt as if he had fallen into an ice cave!

He kept flipping through the materials and bills from the filming of "Love Ferris Wheel," desperately reminding himself that the accounts were fine, and even more so that everyone in the entertainment industry was playing this game, and that [Tianyu] should take action and quell the public opinion. But after flipping through for a long time and waiting for a long time, a bad premonition suddenly surged into his heart!
It's already 9 p.m.!

Why have the executives of Tianyu Media not responded at all, said anything, and even the agents can't be contacted?

He started making calls like crazy.

However, whether it's Zeng Qiang, Xu Haibo (Deputy General Manager and Head of the Film Department at Tianyu Media), or even Deng Hairong, the leader...

The phone is completely unreachable!

These people were having a meeting upstairs, but after a whole day, they still hadn't reached any results!
10 o'clock in the evening.

He finally received a call from his agent.

The agent walked in, his face pale.

Following behind was Xu Haibo, the deputy general manager and head of the film department of Tianyu Media. At this moment, Xu Haibo's face was icy cold.

"The tax authorities will be here to investigate later, so don't say anything you shouldn't!"

What are the things that shouldn't be said?

"..."

Xu Haibo gave him another cold look, and then the phone rang.

He answered the phone and walked out of the office with a very grim expression.

Just as Zheng Yichen was about to chase after them, he heard a commotion at the door, followed by the arrival of tax officials.

Upon seeing them, his expression instantly changed drastically!

Especially when you see these staff members holding detailed records of his film and television fees, endorsement income, and tax payment documents from the millennium to the present, and especially when you see that some of his hidden income and income from dual contracts are in their hands...

His mind went blank, as if it had exploded with a "boom"!
These things!

How did they manage to find it?!

"Come with us!"

..............................

"My grass!"

"Damn it, Zheng Yichen, he looks so respectable, I never expected him to be so ruthless!"

"My God, the production cost of 'Love Ferris Wheel' was less than 50 RMB, yet it managed to attract more than 400 million RMB in investment! And the excess funds were actually put into Zheng Yichen's pocket through transactions!"

"..."

The morning of November 12.

The tax authorities in China made a series of public statements to the media regarding the financial situation during the filming of "Love Ferris Wheel," and promptly released Zheng Yichen's personal tax payment information during the filming of "Love Ferris Wheel."

Internet and print media outlets such as [Movie Home], [Wandou Movie Network], [BBS], [Entertainment News], and [Chaoyang Entertainment] published the data immediately.

When countless people saw the data, they were immediately stunned!
They discovered that the total investment in "Love Ferris Wheel" was over 400 million yuan, of which 215 million yuan was illicit income. Zheng Yichen evaded over 20 yuan in taxes by investing in and reinvesting in the film.

In addition to this, they discovered that Zheng Yichen's problems extended beyond "Love Ferris Wheel." Furthermore, his previous film appearances, music videos, endorsement fees, box office earnings, and other income were all found to have involved tax evasion of nearly 515 million RMB through methods such as dual contracts and underreporting.

……

As more and more detailed data was released, the entire Chinese entertainment industry instantly erupted in excitement!

Tianyu, which is preparing for its IPO, has been thrust into the spotlight!
Countless reporters and media outlets were squatting outside the [Tianyu] company, constantly asking about the details of the incident.

On that very day, countless netizens suddenly appeared online reporting that artists under the tutelage of EE-Media had evaded taxes…

From Andy Lau to Jay Chou, no artist signed with Tianyu Media has escaped this fate!

Not only that, some netizens even fabricated stories with vivid details and rich plots, making it difficult to distinguish between truth and falsehood, and causing a series of uproars!

[Tianyu] conducted an emergency public relations campaign, clarifying a series of issues and having its artists post their tax payment receipts as soon as possible, which barely managed to quell the rumors.

however……

Despite managing to quell some of the public outcry, the reporters and media gathered outside Tianyu Media Group's headquarters remained, all hoping for a response from the company regarding the Zhang Jingya incident.
On the morning of the 28th, Xu Haibo, the leader in charge of the film-related departments of Tianyu Media, finally stepped forward.

It has been clarified that although "Love Ferris Wheel" was produced by EE-Media, Zheng Yichen's tax evasion was a personal matter and had nothing to do with the company.

The company's box office revenue is normal, there are no tax disputes, and Xu Haibo publicly stated that he will provide reasonable compensation to Zhang Jingya for the losses she suffered in "Love Ferris Wheel" and will pay her share of the profits from "Love Ferris Wheel" in accordance with the contract...

However, no response has been received from Zhang Jingya's side!

On the 29th, Zhang Jingya gave an interview, claiming that she had not received any compensation agreement from Tianyu Media and had not received any calls from Tianyu Media.

In an instant, Tianyu Media was once again thrust into the spotlight...

On the afternoon of the 29th...

Zhou Yang received a call from Tianyu Entertainment.

Name your terms!

The voice on the other end of the phone was calm, but also somewhat cold.

"Publicly apologize to us and compensate us for all losses!" Zhou Yang said calmly.

"It's compensation, not damages. Our company was unaware of the investment in 'Love Ferris Wheel,' and the contract Ms. Zhang Jingya signed was a normal performance-based agreement..."

"So there's nothing to talk about?"

"..."

There was a long silence on the other end of the phone before someone finally said, "Come to our company, and we'll discuss this in detail..."

"Come to our company!" Zhou Yang narrowed his eyes, his voice equally cold, his tone unyielding.

(End of this chapter)