Kidnap a superstar for a romance

Chapter 383 Day 379 of Being a Boss (Acquisition)

He was already very busy because Ava was not in the company, and now he has an additional acquisition job. Xu Yisong now wishes he could turn himself into a Thousand-Armed Guanyin to cope with the sudden increase in workload.

At the end of each year, the system will settle the development of FYH for the year, and then evaluate Xu Yisong’s task progress based on the development of the year.

The last time FYH's market value reached 100 million US dollars, Xu Yisong obtained DSP. When FYH's net profit reached 100 million US dollars for the first time, Xu Yisong also received a reward. At that time, she used this reward to exchange for the contract with Quan Zhilong.

Although FYH experienced some twists and turns last year, its overall development is still positive. Coupled with the increase in the number and value of FYH artists, Xu Yisong still received a task reward in the end.

It’s still a choice between three.

This time, the system still gave Xu Yisong three companies to choose from, but unlike the first time, this time there were no longer just three entertainment agencies.

Instead, it involves three companies from different industries in the entertainment industry.

A media, a record distribution company, and a comprehensive entertainment company.

Of course, these options are the same as before, each has its own advantages and disadvantages. There is no saying which one is better, it just depends on what Xu Yisong needs.

If we choose the media agency, FYH will have an additional channel to speak out, and will be able to control public opinion in the future instead of being strangled by others. However, this is not Xu Yisong's urgent need now.

If it is about controlling public opinion, Xu Yisong can now cooperate with Naver and still achieve similar results, or even better. After all, this media is not a very influential large company, but if Xu Yisong chooses it, then this channel will be completely his own, which will be safer. And if it is well managed, it may also become an influential media.

In short, this option is a long-term plan. Xu Yisong feels that there will be other opportunities in the future, and it is not necessary now.

The second one is similar to the first one and is also a long-term plan. However, compared to the first one, the second record distribution company has a deeper foundation. It is an old company with decades of history and has a certain influence in the industry.

More importantly, this is a foreign company based in Europe and the United States. It has no interest involvement in South Korea and has a cleaner background than the other two companies.

But the problem is also obvious. Although the company has a history of several decades, it ran into operational problems a few years ago and is now on the verge of bankruptcy.

Moreover, the non-national status, which was originally an advantage, also has corresponding problems, that is, it is too far from South Korea, which is troublesome to manage, and there is no advantage for FYH artists to release records. Except for KARD, the audiences of other FYH singers are all in Asia, and a European and American record distribution company will not help them much.

Unless FYH has a clearer plan to visit the US in the future.

So this is still a long-term plan.

Now there is only one option left, a comprehensive entertainment company like DSP. However, compared with DSP, this company can only be said to have no highlights, or even worse.

This kind of agency does not look at its own problems. Even if it is a normal and well-developed entertainment agency, it is a waste of time for FYH, not to mention an entertainment company with many problems.

FYH is not short of artists now. In other aspects, FYH has everything that the company has, or even better. Nowadays, FYH's industrial projects in entertainment companies are already top-notch, and few companies can compare.

However, such a garbage company also has an advantage that cannot be ignored - that is, if FYH acquires it, it can directly meet the requirements for listing.

Therefore, the role of this entertainment company is different from that of DSP. Its existence is not to allow FYH to expand its industry, but to be a weight for FYH to directly transform.

FYH is different from ordinary companies. Its listing not only needs to meet the requirements set by the law, but also needs to meet the system's value judgment of the company in order to be eligible for listing.

That is why this seemingly useless agency has advantages that cannot be ignored.

However, apart from this role, the company’s other roles are basically negligible, and may even hinder its performance after FY.

But even so, facing FYH’s most urgent needs at present, Xu Yisong still wants to choose the third one.

The temptation to go public is just too great.

Only when FYH goes public can it achieve better development and Xu Yisong will have more choices. Now FYH's development is about to reach its limit, and both financing and company value-added needs require FYH to make changes.

In fact, according to legal requirements, FYH can go public on its own, but unfortunately FYH has an additional system threshold compared to other companies.

The system's judgment not only requires FYH to have the ability to go public, but also needs to determine whether FYH's future development after listing can bear the risks brought by the listing.

While this reward may seem to have no other use other than to help FYH meet the standards, it is actually a kind of guarantee.

If Xu Yisong gives up this reward, he will be able to meet the system's judgment standards through his own efforts in the future. However, the risks encountered by FYH after its listing will be borne by Xu Yisong and FYH themselves.

If Xu Yisong accepts the reward this time, in addition to being able to meet the listing standards ahead of schedule, the system will help bear 70% of the risks if problems arise in the future.

Just for this reason, Xu Yisong had no reason to refuse the third reward.

As for the company's other problems...

It doesn't matter if it's useless, at least the artists of this company are pretty good. As for other problems, they are minor ones and FYH can make up for them anyway.

So in mid-April, the first thing Xu Yisong did after opening the surprise box was to exchange the reward with the system and complete the acquisition of TS Entertainment.

To be honest, it was not until Xu Yisong actually acquired TS and got to know the company that I realized that TS was not just a useless thing. This company was even more like a sweatshop than a shell company.

The internal management is almost a mess, and the development of artists is in a state of wild growth.

Obviously, the quality of the artists is very good, but their final development is not very good. Even the groups that originally had hopes of reaching the top are now basically in a state of abandonment.

And most of the problems in this situation are caused by the company.

After Xu Yisong finished reading the information of this company, he felt that DSP and TS could be considered conscientious companies compared to them. This also shows how outrageous this company is.

There are problems with the company's management, artist packaging, and music production planning capabilities, so naturally the artists cannot make much money. So TS, based on the principle that the wool comes from the sheep, simply starts with the artists and squeezes the income distribution ratio to 9:1.

You should know that the contract between Blue Whale's previous company, Deep Blue Entertainment, which was initially acquired by FYH, was only 8:2.

This is already an outrageous profit sharing ratio. Xu Yisong did not expect to encounter an even more incredible contract like 9:1.

Therefore, Xu Yisong did not acquire only 80% of the shares of TS like DSP did, retaining 20% of the controlling stake to the original president of the company and turning it into a subsidiary of FYH. Instead, he directly acquired 100% of the shares and then broke up and reorganized the company after the acquisition was completed.

The original TS executives were all dismissed, leaving only ordinary employees who had little impact on the company. Artists followed past practice, with those with problems being terminated and those without problems being retained to sign new contracts.