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Chapter 2993: The wind stops and the rain stops

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    When people are busy, time always flies by very fast, and it is already mid-January before I know it.  During this period, the cooperation method was finally agreed upon.  The first is the exchange of shares between the two parties. N.E.W Film and Television Entertainment holds 2.5% of KT's shares, worth approximately US$120 million, while KT holds 1.6% of N.E.W Film and Television Entertainment's shares, valued at approximately US$90 million.  Then, N.E.W Group invested in Genie Music, holding 15.35% of the shares, becoming the second shareholder.  ?Here¡¯s to popularizing Genie music.  In 2007, KT acquired the music department of "Blue Cord Technology" and changed its name to "KTF Music" after independence.  In 2009, "KTF Music" was reorganized into "KT Music" due to the reorganization with the relevant departments of the parent company KT Company.  In 2010, seven companies including S.M, YG, JYPE, Star Empire, CJ Medialine, Ken and Mu Private Fatory jointly invested in the establishment of a company called Korea Mu Private Power, dedicated to integrating S.M, YG, JYP and other companies.  resources to adapt to the development of technology and invest in new concept music services, radio program production, digital music circulation and other fields.  At the time, many people believed that the company emerged to challenge the duopoly of CJ EM and LOEN Entertainment in music distribution.  Then, in November 2012, Korea Mu Power went bankrupt. No, it was acquired by KT and merged into KT Mu Power in 2013.  After that, KT Mu privately accepted investment from LG U+ and officially changed its name to "Genie Music" in March 2017.  This is the origin of Genie music. Genie music ranks second only to Melon.  K Telecom, KT and LG U+ are the three major communication operators in South Korea, which means that Genie Music is a platform for the second and third children to join forces to fight against the boss.  In fact, KT and LG U+ have cooperated in many fields, such as home Internet of Things, AI music services, etc.  However, LOEN was later acquired by N.E.W. Now SK Telecom wants to make a comeback, but KT is not willing either.  Although Melon is Genie¡¯s biggest competitor, music is not KT¡¯s main business after all, and it is its life-or-death rival with SK Telecom.  In order to compete with SK Telecom, KT did not mind giving the music part to N.E.W. However, N.E.W could not completely turn to them. This was also proved in the negotiations, so they could only cooperate in this way.  After N.E.W Group took shares, Genie Music¡¯s three major shareholders are KT 35.97%, N.E.W 15.35%, and LG U+12.70%.  It¡¯s not that N.E.W doesn¡¯t want to become a major shareholder, but KT won¡¯t agree. Even if it wins, the price it will pay will be very high, and it may also be obstructed by the government.  For this reason, N.E.W Group was specifically used as the holding company instead of N.E.W Film and Television Entertainment, although this was done to conceal the truth.  In the current music source market, Melon occupies 45.3% of the market share with more than 4.2 million users, so many music programs and award ceremonies use Melon's data as a reference.  Genie occupies 22.9% of the market share with more than 2.1 million users. If it is acquired, the music market will almost become N.E.W. Even if there is no way to stop it, the government departments above and the brokerage companies below will find ways to toss it.  It is better to maintain this model than to introduce new competitors.  After a storm, N.E.W Film and Television Entertainment¡¯s control over the music industry not only did not decrease, but actually became stronger!  The competition with SK Telecom was also full of thunder and small rain. N.E.W did not really turn to KT. After a series of frictions and negotiations, it also cooperated more with SK Telecom.  With your back against a big tree, you can enjoy the shade.  If N.E.W Film and Television Entertainment did not have a group behind it to rely on, it would naturally have no choice but to choose sides, but now both families are trying to coax him.  As soon as the situation became clear, S.M stopped waiting and resumed previous cooperation. Company M wanted to deepen cooperation, but N.E.W refused. ?¡­ ?It¡¯s another cold afternoon.  Park Zhixun finally came out of the study.  In the living room, Taeyeon, Seohyun and Kim Ha-yeon are watching TV together.  During this time, Yuri, Yoona and Seohyun have been taking turns taking care of Taeyeon during the day.  Everyone knew that Park Ji-hoon was busy, and Park Min-ah also had to go to the company. Although it was okay to hire a nanny, she didn't want outsiders to know about the situation at home. Instead, Kim's mother came for two days, and then she was replaced by Kim Ha-yeon.  ¡°Actually, Taeyeon was fine herself. If she went to the bathroom, she could just call Park Ji-hoon, but Yoona and the other two decided to take turns to accompany her.  In addition to taking care of you, you can also talk and talk.  The same goes for Jin Xiayan. Actually, she has nothing to do, she just came to play.  ¡°OPPA!¡± Seeing him coming out, Taeyeon suddenly waved to him, motioning for him to come over.  "What's wrong?" Park Zhixun said and walked closer.  "Come on!" Taeyeon asked him to lower his head, then kissed him on the mouth.  After Park Zhixun was stunned, he pursed his lips and asked strangely: "What did you eat?" The taste was a bit strange.  ¡°You haven¡¯t eaten anything!¡± Taeyeon looked innocent.  ¡°Dear WyrdSister!  "Jin Xiayan complained while holding back her laughter. Yin Xizhen sometimes takes Wyrd out with her, and sometimes leaves Wyrd at home. "Yeah!  "Taeyeon immediately scolded this little traitor. "Ugh" Park Ji-hoon retched, rubbing Taeyeon's little head with one hand until her hair was all messed up. After giving up, he turned around and glanced around, and suddenly locked  Xu Xian was silent on the sofa. The little guy had already learned to be smart and knew that he should try his best to conceal his presence at this time, but he didn't expect that Xu Xian was still being stared at.  Xia Yan leaned closer. Although Jin Xiayan probably guessed the complicated relationship between them, it was just a guess. Park Zhixun would definitely not dare to do something openly in front of her. As expected, Park Zhixun had to look away without leaving any trace.  , turned around and said: "I'm going to brush my teeth.  " "It's a good thing Wyrd is so close to you!  "Taeyeon wrinkled her nose slightly, feeling sorry for Wyrd. "I want to eat, but I always feel a taste in my mouth if I don't brush my teeth, which makes me feel uncomfortable!  "Park Zhixun glared at her. Fortunately, it was just a slight obsessive-compulsive disorder. After brushing his teeth and returning to the living room, Xu Xian had already brought out some regular pastries for him. He was left alone at home to take care of him. The consumption of mental work was also very high.  Big, not to mention that he never stops working out and often gets hungry in the afternoon, so Park Minya asks the kitchen to prepare some pastries for him every day, mainly cold food and convenient hot food, braised pork, braised eggs, couple, etc.  She doesn¡¯t like snacks like cakes and biscuits. After getting ready, Xu Xian sat down impatiently and continued to stare at the TV. Taeyeon was unable to move around. During this time, she only played games and slept.  , Xu Xian and others are also following, and they have watched many movies and TV series. As we all know, TV series are something that people are afraid of watching. Once they do, it is easy to become addicted. The one they are watching in the past two days is the American TV series "The Good Doctor".  . This is a medical TV series. The protagonist is a young surgeon with savant syndrome. The rights were purchased by AB.E.W in the United States on September 25, 2017. Taeyeon and Kim became addicted after watching one episode.  Xia Yan was also watching. Park Zhixun could only sit at the coffee table and eat silently. Xu Xian even brought him a bottle of wine to drink.
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