ps: I want to hear more of your voices and receive more of your suggestions. Now search the WeChat public account "qdread" and follow it to give more support to "Korean Entertainment: Otaku Artist"! Yin Xian's contract renewal is as complicated as any business war for Loen. First of all, the company doesn¡¯t know whether it wants to take the initiative to renew the contract. Although they actually don¡¯t seem to have a better choice. When this contract is about to expire, if I, as the party with priority, voluntarily give up this advantage, it will be a shame to the industry if I tell it, right? But now Yin Xian is still working on his last album. If they propose to renew the contract at this juncture, what if Yin Xian refuses to agree? This album has been available for pre-order since the announcement of the start of production, and the total number of pre-sales on the official website has exceeded 200,000. If Yin Xian's interest in making an album is affected because of his lack of composure Although Loen can afford to lose money, he can't afford to lose money Secondly, how to negotiate the terms of contract renewal? You know, the only two reliable artists in Loen right now are Yin Xian and IU. Moreover, both of them signed four-year contracts. If the conditions for renewing Yin Xian's contract this year are too generous, when IU renews his contract next year he may not even have to renew his contract next year. This year, IU will propose to the company to change the terms of the contract ¡ And iu¡¯s album is currently being intensively produced! If she starts to slack off because of this Even if IU does nothing within a year and survives the contract period, when the contract expires next year, she will be just a 20-year-old female singer. With her relationship with Yin Xian and the seniors in the music industryshe can definitely afford it! But if the terms given to Yin Xian are not generous enough, then if Yin Xian does not renew the contract ahem see the first point What is even more frightening is that if Yin Xian leaves Loen, the company is really half-hearted about keeping IU. Cheng Cheng has no confidenceAccording to manager Jin Xiuyan, only Yin Xian takes care of the food. Can IU follow Yin Xian without any salary Finally, how many years is the new contract term? With a contract of three or four years, I definitely don¡¯t want to fall into this trap. With Yin Xian¡¯s current condition, it won¡¯t be a problem for him to remain popular for ten more years. Even if he doesn't release anything after this album, just relying on these two albums to officially make three albums is enough for him to last a lifetime. Not to mention the songs that have been sold from him but he still retains the singing rights. Not to mention the far-reaching ones, Yin Xian retains a lot of power with Bo A's album, which is currently forcing Board to dominate the charts and has already dominated the top spot for nearly four months with a few new songs. But if the contract term is very long, will Yin Xian accept it? so. The current loen company is simply a tangled mess. But no matter how much you struggle, you still have to do what needs to be done! It has been more than three years since Loen considered renewing his contract with Yin Xian. If you delay it any longer, the day lilies will become cold! So, Yin Xian, who was busy doing post-production in the recording studio, received an invitation from the president of the company to go to his office for a chat. ¡°President Zheng, what¡¯s the matter?¡± Although Yin Xian also comes to the company from time to time. But he rarely interacts with the president of the company. Counting the number of times the two of them met and talked. I can count them on one hand "It's about Yin Xianxi's contract" President Zheng gritted his teeth and decided to tell the truth. "Contract? What's wrong?" Yin Xian was stunned for a moment. "Yin Xianxi, your contract with the company will expire in April this year." President Zheng said with a black line. "Expiration" Yin Xian then remembered that the contract he signed was for four years, and it didn't expire this year! "If you don't tell me, I really forgot." "So, the board of directors of the head office authorized me to talk to you about the new contract" President Zheng decided to ignore Yin Xian and simply forget about the contract. "Oh. What is the new contract the company plans to give me like?" Yin Xian suddenly became very interested. "Here is the first draft of a contract drawn up by the company for you. Of course, it is only the first draft. We can continue to discuss anything." President Zheng took out a stack of paper from the drawer. But the words were very polite. Yin Xian took the contract sample and turned it over. It only lasts two minutes. Yin Xian finished reading. "The contract is too long." Yin Xian said directly: "I will definitely not agree to such a thing in ten years." "Then Yin Xianxi, how long will you accept?" President Zheng looked calm. He had already been prepared at this point. "Four years." Yin Xian said calmly. "Five years." President Zheng is like the boss of the vegetable market.Bargain like mom. "Five years is not impossible" Yin Xian said, "Then the value of the shares the company gave me may have to be adjusted a bit." President Zheng nodded. The biggest equity part in the contract is to give Yin Xian 3% of the equity of Loen Company. This is actually just a symbolic reference. What's more, Yin Xian's importance to Loen is far beyond the former! "What is the maximum share of equity the company can give me?" Yin Xian asked directly, "I think we should just tell it." "10%." President Zheng explained directly. To be honest, he is not satisfied with this share of equity. Otherwise, he would have stopped worrying long ago. "Less." Yin Xian also told the truth. Although it is known as the largest distribution company in South Korea and also owns the largest online music download website in South Korea, there are not many properties actually in Loen's name. Most of them are directly owned by Loen. SK is the real parent company of Big Mac in South Korea, but Loen has direct jurisdiction. Therefore, 10% of the equity is not worth much. President Zheng could only remain silent. "Actually, I didn't ask Loen Company to do many things for me." Yin Xian said suddenly. This sentence is very unpleasant to hear. But President Zheng still nodded. Because it¡¯s the truth. Yin Xian is a huge money tree for Loen, but the company has basically not fertilized this tree. In addition to a recording studio with relatively advanced equipment arranged for him in the company, his manager and stylist are shared with IU. The nanny car is also mainly used to pick up and drop off IU. Even the work is basically done by Yin Xian himself. Go to negotiate and confirm. Kim Soo-yeon, the manager who arranged for Yin Xian before, no matter who it is, even IU, who regards Yin Xian as a god and regards every word as a classic, thinks it is very good, but I just don't know why, the two people have always had a bad temper. Yin Xian expressed his intention to change agents to the company from the very beginning, but due to company management considerations, he put it off. After the Baeksang incident, the two of them became completely inseparable. ¡°If the contract renewal negotiations with Yin Xian have become so passive now, his agent must be to blame. When IU was making an album last year, Kim Soo-yeon even simply returned all of Yoon Hyun's financial affairs to the company. If it weren't for IU's insistence that Kim Soo-yeon be her manager, Loen would probably have fired her in anger at that time Since then, Yin Xian, who was in mourning, took back the negotiation rights of all his economic contracts, and Loen also completely lost the authority to manage Yin Xian's economic contracts. Although Kim Soo-yeon probably couldn't stand up to IU's coquettishness and pleading, and went back to work as an assistant to Yin Xian, the biggest gap between Yin Xian and Loen Company was thus drawn. The biggest help the company can give Yin Xian now is the platform and album distribution channels. But these things are the source of the company¡¯s profits. Not to mention Yin Xian, even a singer from another company can use them through negotiation and contract. When you use it to bargain with others, you feel you don¡¯t have enough confidence. You must know that as the largest distribution company in South Korea, there are countless other companies and artists who use Loen's channel through distribution contracts. "Otherwise, I signed a cooperative contract with Loen Company, not an exclusive economic contract." Yin Xian thought for a while and said, "All my music works will still be operated and divided according to the terms of the previous contract. The operation of my albums and electronic parts is still fully handled by Loen Company. As for the film and television and other things that I need the company to help me with, I will operate them in accordance with the terms of this contract and do not need the company to help me operate them. That has nothing to do with the company. I will take back all the copyrights of my works. As for my personal brokerage activities, I will just give me a symbolic share of the company's equity. " President Zheng? Hearing this, I was stunned for a moment. (My novel "Korean Entertainment: Otaku Artist" will have more fresh content on the official WeChat platform, and there will also be a 100% lucky draw gift for everyone! Open WeChat now, click on the "+" sign on the upper right to "Add a Friend", Search the official account "qdread" and follow it, hurry up! ) (To be continued)