I am the savior of China Entertainment

Chapter 167 Revenue Settlement of Fantasy Records

"Your performance today terrified me. Are all Chinese singers as strong as you?" IU grilled meat, and added it to Li Hyuk's plate from time to time.

As a carnivore, Li He enjoys eating meat every meal, plus local special milk tea, it is planned to gain weight.However, Li Hyuk has always paid attention to maintaining his figure. He usually has a fitness room in his studio and does regular exercise, which also helps to maintain and increase lung capacity.

Li Hyuk dipped in the sauce and ate a large piece of pork belly that had passed the test, his eyes were beaming. In Korean food, apart from the kimchi, which is worth complaining about, the barbecue is still okay.

However, it seems a little talky on the sauce, and pays more attention to the original taste of the meat.

"My level is average. There are plenty of people who sing better than me." Li He said.

IU didn't eat much by herself, she just watched Li Hyuk eating, and after listening to Li Hyuk's answer, she smiled and said, "I know that there are many great singers in Huaxia, but none of them are as good as you. They can both sing and write." Song."

IU is also a singer-songwriter herself, and has written many songs, which are deeply loved by fans, so she has a good impression of Lee Hyuk, who is also a singer-songwriter.

"For a while, I saw that Taeyeon and Lin Yuner were developing so well in China, and I also wanted to go to China to develop." IU said.

"Then why didn't you go?" Li He asked.

"I don't have any connections, and there are too many stars going to China to develop, and the competition is fierce." IU said helplessly.

Li He took a big sip of milk tea, wiped his mouth and said: "If you want to develop, I suggest you hurry up, or simply don't buy anything, so as not to waste resources."

"What? Do you have any inside information?"

"I can't talk about the inside story, but within a year or two, there will definitely be a restriction order from above, and by then, no matter how prosperous Huaxia's business is, it will end." Li He said.

IU is thoughtful, Li Hyuk has said so, it must not be aimless, it seems that the road to China's development needs to be considered in the long run.

Li Hyuk didn't think too much about it, he ate and drank enough, and said to IU: "Thank you for your hospitality, if you have time to go to Shanghai, I will treat you to dinner."

"Okay, that's the deal." IU smiled sweetly.

After the recording of "Inkigayo Daejun" finished, I had another meal with IU, and Lee Hyuk returned to Shanghai early the next morning.

IU posted a photo of eating barbecue with Lee Hyuk on the social platform, which was liked and reposted by Chinese and Korean netizens. Some fans found out that IU seems to be good too!

"This time I went to Korea, guess who I met?" Li Hyuk was free to chat with Guns N' Roses.

Ye Zixin ate the snacks, and asked cooperatively, "Who did you see?"

"Ren Jiajia, unexpected!" Li He laughed.

Ye Ziran frowned and asked, "You mean you met Ren Jiajia in South Korea, how is she doing now?"

"It's already debuted as a group, and it's on the same show as me." Li Hyuk replied.

"What about Cui Jinghui?"

"Cui Jinghui? I haven't seen him yet, so he probably parted ways with Ren Jiajia!" Li He guessed.

Ye Ziran breathed a sigh of relief, and then asked: "Then did you tell her to go back to China?"

Li He shook his head and said: "It seems that she doesn't want to come back for the time being, she still has some knots in her heart."

"Zi Ran, forget it, it's good to know that she is safe, and we will see each other in the future." Zi Zixin stopped Zi Ran's questioning, and then talked to Li He about the next work arrangement: "Our band has discussed it, it's up to you It is too frequent for one person to write songs and release an album a year, but it is better to release an album in two to three years to maintain the quality."

"Okay, I respect your decision." Li Hyuk nodded and said, "I think you guys are good at writing songs. You can create more songs by yourself in the future. It doesn't matter if the market response is not good. Try it first."

"Thank you, Li He." Ye Zixin thanked.

"You're welcome..." Li He waved his hand.

Generally speaking, in order to pursue profits, bands like Guns N' Roses, record companies can't wait to squeeze out their full value.But Li Hyuk is friends with them after all, and has a clear plan for long-term development.

It doesn't matter if you make money slowly, the most important thing is to have long-term planning and development.Although the five girls in the Guns N' Roses band have good looks and have many fans, Li Hyuk never regarded the band as a traffic group to make quick money.

"Inkigayo Daejeon" was broadcast in South Korea soon, and then moved back to China by the powerful Chinese netizens, attracting domestic netizens to watch it together.

Among them, Lee Hyuk's clips are undoubtedly the most attractive to netizens. Watching Lee Hyuk's live singing, the Korean audience was impressed. Netizens couldn't help shouting, Lee Hyuk is invincible.

At the same time, the fans are also looking forward to how Lee Hyuk will perform in the domestic New Year's Eve concert.

Based on the good cooperative relationship with Mango Channel and the fact that they offered the highest price, Li Hyuk finally attended Mango Channel's New Year's Eve concert.

Last year, he was not qualified to be the finale guest, but this year, he was promoted to the little king of the music scene, and he is already qualified to be the finale guest.

Before the New Year's Eve, Li He and Sister Han Hong finished recording the song "Under the Flying Clouds" together.There is no doubt about Han Hong's strength. She and Li He's singing has the effect of one plus one greater than two. The whole song is very beautiful.

"Li He, your company is developing well!" Han Hong said to Li He after visiting Fantasy Records.

Li Hyuk usually stays in the studio, and Fantasia Records in Pudong seldom comes here. Hearing this, he said with a smile: "This is mainly due to Xuanxuan, I am a music maker, and I am serious about business development. not good at."

"You are very lucky to have a like-minded partner. Of course, your music is also very good." Han Hong praised.

The praise from the seniors in the music industry greatly benefited Li He, and he stretched out his hand to ask, "Let's go, Sister Han Hong, I'll treat you to dinner..."

"Let's go, let me taste the taste of Shanghai vegetables..."

For a period of time at the end of the year, Fantasia Records was still very busy, mainly with settlements with major distributors and publishers. As the boss, Li He naturally had to pay attention to it all the time.

"This year, we have split accounts with QQ Music. The total profit is 2.33 million, of which 1.06 million has been written off and distributed in the first three quarters, and 1.27 million needs to be settled and distributed this quarter." Accountant Hui reported.

Li He asked: "Is it so high in the next quarter?"

Fan Nuoxuan explained: "The main thing is your album, which is selling too well, and some income from copyright authorization is made through QQ Music, so it is high."

"What about the physical record?" Li Hyuk asked.

Fan Nuoxuan signaled the accountant to continue, and the accountant continued to make statistics: "A total of 1.64 million was written off in the four quarters, mainly from this quarter."

Li He sighed and said: "Physical records are indeed in decline, that's why."

"Just be content with it, our company's physical record profits are already the highest in the industry, and no other company would be envious." Fan Nuoxuan laughed.

According to channel share, in terms of digital share, QQ Music has a 20.00% share, and in the last quarter it can get about 2500 million, and the rest is from Fantasy Records, with a total of more than 1 million.

Even so, Fantasy Records' digital business accounts for about 15.00% of QQ Music's total revenue, which is a very high figure.

As for physical records, it is estimated that Fantasy Records can get no more than 5000 million, and the settlement with the dealer will also deduct the cost of physical records. Fortunately, the proliferation of piracy is not serious, so there may be a risk of losing money.

But overall, Fantasy Records has developed smoothly this year, becoming a major record company with considerable revenue, and it is not one of them.

　There are two more chapters tonight

　　
　
(End of this chapter)