MMB Chapter 126 Negotiations Break Down, Lee Soo Man Begs For Mercy
Chapter 126 Negotiations Break Down, Lee Soo Man Begs For Mercy
In response, various entertainment companies in Korea gathered together.
"It is said that the sales of "One Man" have exceeded the 5 million mark!"
"The total number of users of LZ Music has also reached a new level, with registered users exceeding 40 million."
"The latest sales statistics of MPMan are also 6.3 million units."
"I also heard that LZ Music has started to build momentum for the new album of Queen Li Zhenxian..."
This good news made everyone at the table look sad.
The worst thing is that DSP's defection makes the entire small interest group unable to see hope for the future.
When they got together, they came together to make money.
Now I haven't made any money, and I have offended the powerful Li chaebol.
Therefore, many people are wavering in their hearts whether to follow DSP's footsteps or not. It's not too late to surrender now.
"The popularity of the LZ music platform is a great thing."
Li Xiuman's words caused everyone to roll their eyes.
"President Li, what's so good about this is that our record sales this quarter are pitifully low. If we don't think of a solution, we will declare bankruptcy tomorrow!"
"Of course it's a good thing. If you think about it, there are now 150 million Internet users around the world. In a few years, this number may double. We can do what Li Xun can do."
"As long as we unite, how many Li Xun companies can beat us?"
His words caused everyone to think deeply. Streaming music is indeed very profitable. Z Music is the best example.
Seeing that everyone was a little moved, Li Xiuman continued:
"As far as I know, both Samsung Electronics and Hyundai Enterprises are researching new models of MP3. As long as our platform is online, we will definitely be able to attract investment from technology companies, and we will naturally have the capital to compete with Li Xun. "
The presidents in the conference room all whispered among themselves.
"I'm in!"
"I'll join in too!"
Seeing more and more people joining in, Li Xiuman showed a happy smile on his face.
At this moment, someone asked hesitantly:
"Our company also wants to join, but as for the amount of capital injection..."
Upon hearing this, Li Xiuman secretly screamed, "Oh no, it's coming again."
Some people suggested that the amount of capital injection should be determined based on the number of music libraries, and then the shares should be allocated according to the capital injection ratio.
It immediately attracted opposition from several small companies.
They don't want to be controlled by others because of too few shares.
Someone else suggested that everyone write the investment amount on the back of the paper.
Li Xiuman, who has been silent all this time, has begun to waver in his last persistence.
Can such a group of teammates really defeat Li Xun?
Among many entertainment companies, his SM is now the most powerful, but now it has been thrown aside.
Faintly isolated by several companies in the interest group.
He walked out of the conference room in confusion.
It was his secretary's words that reminded him:
"Boss, why don't we also join Li Xun? We have works and a large number of potential trainee seeds. With the LZ platform, we can naturally stand out.
Yes, the LZ platform is at least a relatively fair stage.
With Lee Soo Man's talent, why should he be afraid of competition?
If you use good works to defeat LZ Entertainment on the LZ music platform, what is the difference between defeating Li Xun.
It will be him, Li Xun, who will be embarrassed then.
Thinking of this, Li Xiuman couldn't help but feel proud of this idea, and praised his secretary:
"Your idea is good. Our new song will not only debut on the LZ platform, but also beat LZ Entertainment head-on. We are also the number one entertainment company in Korea!"
With this idea in mind, Li Xiuman took advantage of the night and parked the car downstairs of LZ Entertainment.
The lady at the front desk of LZ Entertainment was surprised when she saw him.
Posted an exclamation on the internal communication software:
"Lee Soo Man is here."
The news almost attracted numerous security guards.
After figuring out the ins and outs of the matter, Li Xun met with Li Xiuman.
Lee Soo Man looked at the interior of LZ Entertainment with surprised eyes. Different from the SM atmosphere, every artist here, including the trainees who had just finished class, were full of energy and had smiles on their faces.
Most Korean artists are severely exploited by companies, which is a kind of physical and mental torture.
SM Entertainment is no exception. Most of their artists are sluggish trainees who are exhausted from their homework.
But no such scene was found in LZ Entertainment.
He was curious about how Li Xun managed artists. With such a loose system, why were Li Xun's artists so outstanding?
Ashan seems to have seen through Li Xiuman's thoughts.
He said quite proudly:
"Our LZ Entertainment artists all work for themselves. Every drop of sweat they shed will be rewarded accordingly. Therefore, they are all self-motivated. Different mentality will naturally lead to different results."
Li Xiuman nodded as if he understood. In his opinion, this loose system is backward. People will always get tired. Unless there is external force, people's own restraint cannot achieve self-supervision.
Over time, the artists of LZ Entertainment will naturally be eliminated by the Korean entertainment industry, which is seriously involved in involution.
With this in mind, I finally came to Li Xun's office.
He originally thought that this Korean chaebol had many things to do and was busy with huge business all the time.
But I saw Li Xun enjoying the feeding service of his secretary while playing "Legend" which was popular on the Internet.
The sound of fighting coming from the game seemed extremely out of place in the tall office.
"Xiu Manxi, what's the important thing for coming here this time?"
"That...that..." When things came to a head, Li Xiuman really couldn't keep his head down.
"I'm very busy. I have to lead people to fight in a guild battle later. If there's nothing else, I'm sorry I can't send you far away.
Li Xiuman glanced at Li Xun enviously, and had no choice but to bite the bullet and whisper:
"Chairman Li Xun, can you let our SM group's songs premiere on the LZ music platform?"
"Well, it's not a coincidence that you came here. You came a little late. We have just negotiated cooperation with several other companies..."
Li Xiuman was stunned when he heard this. He came over in the middle of the meeting. How come there was someone who could move faster than him?
He listens to Li Xun and doesn't plan to cooperate with other entertainment companies anymore?
Just a step too late?
"Excuse me, Li Xunxi, what price will SM have to pay to resume cooperation?" Li Xiuman still bowed his head to Li Xun for the future of the company.
He bent at ninety degrees and was very pious.
"It's easy to say. Since you sincerely want to cooperate with LZ Music, I won't force you to do anything difficult. The 50% share we talked about before will definitely not count. 1"
Li Xiuman's heart suddenly suddenly turned out that Li Xun was considering the idea of a proportion!
"Let's do this, how about changing the share ratio to 37 points, you 3, me 7, I don't want 10% of SM's shares."
The 37% share is still within the acceptable range of Li Xiuman. In the past, when working with dealers, it was almost the same ratio.
But Li Xun wanted 10% of SM shares, which made him extremely confused.
SM is his child, all his hard work, but now he has to give up 10% of his shares.
"I want 10% of your shares just to give you peace of mind. You think, we will be a family from now on, how can I treat SM badly?"
"Did other companies also accept your investment?" Li Xiuman asked slightly unwillingly.
"YG gave me 30% of the shares. If I didn't feel sorry for him, I wouldn't agree to it."
YG actually gave Li Xun 30% of the shares. This company has been very active in the past two years, no worse than SM. They all compromised with Li Xun?
Thinking that I only handed over 10% of the shares, I felt a little better.
He immediately agreed to this unequal deal.
After walking out of LZ Entertainment, Lee Soo Man was a little lost, as if he had lost his soul.
The secretary handed him a cup of ginseng tea with concern, and his face turned a little brighter.
What Li Xiuman didn't know was that Li Xun was just making things up, and YG chose to compromise, but only gave 10% of the shares.
Li Xun is not afraid that Li Xiuman will know the truth. Shopping malls are always full of intrigues and lies.
He just helped Li Xiuman make up his mind.
To the surprise of many LZ Music users, several major entertainment companies have all announced that they will release new songs from their groups on the LZ Music streaming website.
At this time, the users of LZ Music are undoubtedly happy, with many groups competing on the same stage in LZ Music.
LZ Music didn't take it too seriously and held a PK event, offering free tickets for album purchases. In order for their favorite group to take first place, they even purchased albums from several other groups.
The new albums released on LZ Music all sold astonishingly.
Let the famous entertainment reporter say that the best era for the Korean music industry is coming!
Li Xun doesn't know if this is the golden age of Korean entertainment, but he is definitely making money.
LZ Entertainment gave everyone a surprise when it released its quarterly financial report.
The music streaming platform, which everyone thought was destined to lose money, actually made nearly $100 million in revenue.
Membership revenue alone reaches US$20 million.
Part of this comes from sales of new albums by Kim China and Lee Jung-ham.
There are also some new songs contributed by other entertainment companies.
Park Zhengyi had an idea, could LZ Music be listed independently and ring the bell on Nasdaq?
Given the madness of technology stocks in the U.S. stock market, LZ Music’s market value is expected to set a new record.
He also owns 5% of the shares of LZ Music. If LZ succeeds in ringing the bell on Nasdaq, wouldn't he have a net worth of tens of billions of won overnight?