hollywood billionaire

Chapter 211 A Great Achievement
Since the establishment of Han Music, its popularity in the music industry circle has continued to rise with the expansion of its business territory. The daily conversations between Miguel and Posey, two interns, are just one of the ways in which Han Music’s popularity has reached the end of the chain. Just proof.

People in the industry, especially those in the recording industry, copyright distribution industry, artist management industry, entertainment management industry, and live performance industry who also work in West Hollywood, have been interviewed with Han Han almost every week for the past few months. Swipe the screen once for music-related industry news.

The first people who felt the shock of Han Yi's financial power were WME located at 9560 Wilshere Avenue and CAA at 2000 Avenue of Stars.In recent years, the two giants in the performing arts brokerage industry have continuously absorbed investment from Wall Street capital on the east coast. TPG and CAA are deeply bound together, and Silver Lake Capital is gradually controlling WME.

Especially WME, they even set up a separate investment and financing subsidiary, WME Ventures uses the cash in hand to invest in start-up companies in the fields of technology, clothing, personal care and even virtual reality. another dimension of growth.

After WME closed IMG, anyone with a discerning eye can see that the game in the entertainment agency industry has entered the second half. Left behind by default.

In addition, UTA's midnight raid last year caused heavy losses to CAA and regarded it as a deadly enemy. In addition to suing UTA for improper competition through litigation means, it has also been persevering in poaching people from UTA.To dig out artists, dig out agents, and even dance with the shovel twice in front of the agent's assistant.Johnny Depp and Kanye West successively announced their joining CAA, which is a powerful demonstration of the anger and energy of the innovative artist agency.

The brokers at the lunch table are all guessing how this protracted dispute will end in the end.

In more detail, what method of surrender will UTA choose.

However, the emergence of Han Capital and Parkway Capital, the investment partners, cast an unexpected shock bomb in the industry. Before UTA released the official press release, few people had heard of Parkway Capital, because although this investment institution is also located on the West Coast, it lacks interest in the entertainment industry. It is led by Douglas Le Pen and has a capital management amount of nearly [-] billion U.S. dollars. The golden behemoth prefers the real industry represented by infrastructure, biomedicine and traditional industries, and has little intersection with Hollywood.

Irvine's asset management giants don't know each other. For ordinary brokers in the entertainment brokerage industry, the name Han Capital is even more unfamiliar.So when WME and CAA employees learned that UTA had received a $1.9 million cash infusion, it was inevitable that they would feel a little disbelief.

In the past two years, TPG Capital's second capital injection to CAA was only US$2.25 million.Although CAA only sold 18%, that transaction allowed TPG Capital to increase its shareholding in CAA from 35% to 53%, making it the majority shareholder, so the price per share in this transaction was actually at a premium.

On the other hand, UTA sold 41% of its shares in one go, which is indeed an astonishing ratio, and also highlights the obvious gap between UTA and CAA in terms of valuation. Hui Capital is still a minority shareholder, in other words, UTA still maintains at least a semblance of independence.And even if the $1.9 million in cash won’t help them make a comeback, it can still give Jeremy Zimmer’s organization a big breath under the full siege of CAA.

UTA, which has stabilized its position, has been recruiting inside and outside the industry in the past two months, and new talents from both sides of the Atlantic have joined.In the core circle of performing arts brokers, there are at most three to 400 people. Brokers jump repeatedly between several major institutions. A major event happened [-] minutes ago. A closed world that everyone around the world will know about [-] minutes later. UTA’s second board meeting this year The decision, and subsequent movements, soon reached the ears of external brokers.

"Your The Nozawa Trust Me set meal, and your... cucumber hand roll, edamame and a piece of salmon sashimi, please enjoy."

"Thank you."

After Sugarfish's Asian waiter turned away with a smile, Melissa Hyatt took a look at the assortment of [-] dishes on her plate, and then turned her gaze to the wooden table across the board, even the Syrian refugees shook their heads. Bland diet.

"Twenty minutes in line and you're going to eat these, Caroline?"

"I'm getting into shape recently, and I need to control my calorie intake." Caroline Yan shook her ponytail and explained with a smile, "I don't want to look too bloated at the MTV Awards Ceremony in a month's time."

"Get me an invitation."

"What more invitation letter do you want?" Caroline dipped some soy sauce, and quickly put a scroll into her mouth, as if as long as she moved fast enough, the heat would not be able to catch up with her. "Just go with me."

"I really envy you guys who make music." Melissa sighed softly, and laughed at herself, "The people who deal with me every day are all over 300 pounds, and the old man who may have never sat up from an office chair in his life."

"What's the use of having a good figure? Your side is the business that makes a lot of money." Caroline curled her lips, "Well, where did we just talk about?"

"UTA is going to acquire CLG." Melissa looked at Caroline a little strangely, "It's still a topic you initiated."

"Oh, yes. UTA, CLG." Caroline took a sip of water and swallowed the scroll before continuing, "And I heard that after the acquisition is completed, they plan to let Kara Lewis be in charge of the music brokerage work for the entire United States .”

"Carla Lewis?" Melissa raised her voice by half a degree, and when she noticed that the diners at the next table had turned their attention, she quickly lowered her voice, "That devil whore?"

"That devil whore." Caroline Yan nodded with a smile, "TAG's Neil Warnock is still in charge of the global music market, but UTA will have more than 200 music clients in the near future, and the entire list will expand... "

"Wait, more than 200?" Melissa frowned, "There aren't that many people at Carla Lewis, right?"

"Yeah, she doesn't have that much, but UTA is going to buy Circle."

"Holy..." Melissa opened her eyes wide and suddenly realized something, "How do you know so clearly?"

UTA has contact with CTA and CLG for this kind of news, as long as there is a relationship in the entertainment agency industry, you can inquire about it, but what position Kara-Lewis will take after the acquisition is not a secret that ordinary outsiders can obtain.

"You also received their offer?"

"What do you mean by 'you too'?" Caroline Yan's reaction was more sensitive than Melissa Hyatt's, "UTA came to you?"

"Yeah, they wanted me to run UTA's athletic department."

"UTA still has an athletic department?"

"Now...it's basically nothing, that's why they want to recruit people." Melissa waved her chopsticks and replied, "After getting the money, UTA's various sectors are now expanding... Didn't you receive an offer? What? Tell me, what do they want you to do?"

"What else can you be responsible for, music." Caroline shrugged, "The vice president of the music management department is in charge of the Asian market, and then in charge of some customers' business in North America. Asia reports to Warnock, and North America reports to Lewis .”

"Yeesh." Melissa grinned, "Lewis doesn't care about you, how did you survive?"

"I'm mainly doing expansion in Asia. No matter how difficult she is, as long as I hold on, she can still force a vice president away?" On the one hand, Kara Lewis has a lot of hip-hop artists that I want to be, and I started out with R&B and hip-hop."

Caroline Yan started her career at MCA Records, then joined ICM, and was scouted to CAA to manage the company's R&B and hip-hop artists. In 2015, she was selected by Billboard magazine for the first time in the three industry lists of "Women Music Power", "40 Elite Practitioners Under 40" and "Powerful People in Hip-Hop", and she has been in the limelight in the past two years.

"Eminem, Travis Scott?"

"correct."

"Then the treatment they gave you..." Melissa hesitated to speak, "You don't need to tell me the specific number. In fact, don't talk, just show it with your hands."

Melissa raised her right hand flat to her chest, and then slowly raised it.

"The baseline is your current salary, and when they give you an offer, stop it."

"Stop." Three or four seconds later, Caroline spoke leisurely.

"Shit." Melissa shook her head and laughed, "Even if the boss is Hitler, I will accept it."

"Stop playing with me, Mel." Caroline put her hands on the table, pulled her body a little closer to Melissa, and asked in a low voice, "Aren't you also... this increase?"

"It's about the same. It's not at the level I want, but it's enough." Melissa said in a humble tone with a smug smile, "It's just that I don't know exactly what UTA wants to do in the sports sector. I mean, ICON has done more than 400 billion US dollars of consulting projects for the NFL, NBA, MLB and NHL. How are they going to compete with CAA from scratch? I haven’t counted WME and Wasserman. Didn’t WME just buy it two weeks ago? Have you joined UFC? 40 billion, no matter how rich UTA is, can it raise 40 billion?”

"I see, they are still at least seven or eight years away from Klutch."

"You can't think like this, Mel. First of all, we are here to work. A company that is in urgent need of development will give you the highest salary. Isn't salary the most important thing to us? And, from zero At the beginning, it is easier to make achievements. Staying in CAA, the sports agent is indeed the first, but what honor does this bring to yourself?" Caroline comforted her friend, "Furthermore, the current acting agents The company is different from the original one. It doesn’t take ten or twenty years to rebuild a department by itself. Sometimes, only one or two precise acquisitions are needed, and an unknown junior can immediately become a leader in the industry. five."

"I have a hunch, Mel. Just wait and see, go to the back, UTA will definitely be able to raise hundreds of millions of funds to complete more large-scale acquisitions."

"It's definitely not that simple for Parkway Capital and Han Capital to break into our circle in such a hurry."

"The remaining liquidity in their hands should be an astronomical figure that neither you nor I can guess."

"I'm serious."

In the small cubicle, Nick Grove stretched his waist and sighed.

"I swear to God, this is the No. 13 demo I have received in the past two months."

"How much money do they have? Why did they suddenly sign... so many creators?"

"Are you talking to me?" A dark head with dreadlocks appeared above the cubicle.

"Yes, Brandon, otherwise I'd be a wretch talking to myself," Nick replied grimly.

"Aren't you?"

"Fuck you, okay?"

"Fuck you too, man." Brandon Brown smiled nonchalantly, "Why are you sighing? It's just a dozen or so demos, how many do we receive every day? Hundreds of them, right?"

Universal Music Publishing, which belongs to the same series as Interscope, and Sony/ATV, BMG Music Publishing, and Warner/Chappell from "friends", each large-scale music copyright distribution group manages at least one million copyrights of lyrics and music, with attachments every day There are dozens of demo emails in it, and they are tossed between various labels, waiting for someone who is destined to take the bait... No, pay the bill.

"But it's different here at Hanfa." Nick rubbed his face, feeling irritable, "I can't just stop reading it, or put these demos aside, even if I don't want them, I have to be careful."

"what's the situation?"

"You know that song I was busy trying to get rights to the other two days, "Bad Things"?"

"Machine Gun Kelly's, I know."

"Isn't 3% of the copyright for that song going to Madison Bill?" Nick Grove pointed to himself, "Karen Guo talked to me personally."

"It turns out that Karen Guo from IDJ?"

"Correct."

"Ahaha, no way." Brandon pressed his fist to his lips, gloating, "What did she do to you?"

"It didn't do anything to me, it just swallowed me alive." Nick heaved a sigh of relief, "I gave her a lot of rights and interests. The duration of Madison Bill's appearance in the MV and the scope of subsequent use are all handled by Han Music. Have creative control. The key is, I will talk to...the superiors, and the superiors will tell me that if it is not a matter of principle, let it be a little bit."

"The above?" Brandon was a little surprised, "We will let others?"

"Yeah, I'm also surprised." Nick quickly glanced around, stood up, pressed Brandon's shoulders, and whispered in his ear, "Someone told me that it was because of our previous big boss, Have a good relationship with them."

"Which big boss?"

"Which one else?" Nick stroked his hair, which was considered thick.

"Jovin." Brandon said, "Didn't you go to Apple a long time ago?"

"The people have passed, but the influence is still there." Nick responded, "It is said that Han Music is very close to Apple Music, and Jimmy intends to support them, so many big projects and artists on our side have opened for them. Green light."

"Guess who sent the demo I received 5 minutes ago?"

"Who?"

"Guess, guess bigger."

"...Apart from the big ones, do we have any other artists?"

"The one with the most fans."

"Selena?"

If you want to talk about the most successful singer under Interscope, then Selena Gomez is definitely not in the scope of discussion, but if you only use the number of online fans as a criterion, no one in the entire Interscope Geffen A&M group can reach Selena Gomez half of.So far this year, Selena's Instagram account has added 4000 million followers, just one step away from [-] million followers.Although the popularity of the song is not as good as that of Taylor Swift, Ariana Grande and Beyoncé who followed closely behind, but the overwhelming online popularity alone is enough to become the jewel in the palm of the Interscope label.

"Yes, Arlene sent me an email in person." The Arlene in Nick's mouth, that is, Arlene Kirshian, is Selena Gomez's manager since April 2014, and it is also the first time to help her career glow. The biggest behind-the-scenes driving force of Erchun, "They like a song by Marshmello very much..."

"Wait a minute, Marshmello?" Brandon Brown held out his hand, interrupting Nick's narration, "Aren't we talking to him about signing? Well, technically it's not us, it's Geffen's side, but it's pretty much the same. "

"Marshmello and Han Music have set up a joint venture, Joytime Collective, didn't you read the Deadline I sent you?" Nick opened his arms and smiled narrowly, "He flew away, gone, it's Han Music's .”

"Okay, that's too bad, I really like his song "Alone"." Brandon doesn't really care, after all, it's not an artist project led by him, and whether he signs a contract has nothing to do with him, "But you said , he wants to cooperate with Selena?"

"Well, "Wolves". It is said that Selena will enter the studio to record in August, and it is going to be released next year, but Arlene asked us to finalize the licensing agreement with Han Publishing." Nick glanced at the computer in front of him. The content of the email, "Christopher Comstark, Brian Lee, Louis Bell...Electric Feel...I have never seen so many, not belonging to the three major creators."

"They're all from Han?"

"It's all theirs!" Nick slapped his thigh fiercely, his eyes widened, with an expression of 'I told you so' on his face, "And... the song is really fucking good, and the production is also excellent, it's a little different from ours None. Han Distribution also told me that if we are willing to do a joint release with Han Music—that is, their label part—they will also find Serb Garner to do the post-production, and they will bear the cost .”

"Damn." Brandon laughed dryly, "They have learned all our tricks."

"That is to say, they are far different from the independent labels we worked with before. They have money, resources, famous artists, and relationships, everything!"

"Let's not talk about big ones, as long as you are willing to spend money, invest in more stars, and catch up with Interscope, there is still hope."

"It's not that simple, Antoine."

Hearing Antoine Gachet's rhetoric, Han Yi, who was sitting in the CEO's office and was concentrating on studying the update content of the mobile phone memo, raised his eyes and looked at his investment manager with a smile.

"You are good at asset management, and I am good at the music industry. If you want to make some momentum in this industry, funds alone are not enough. The main thing is to go in the right direction and play the right way. Otherwise, no matter how hard you work, you will eventually find yourself It would be embarrassing to make a Walkman in the age of streaming media.”

"However, I still want to congratulate Han Music. I may not be the most experienced music business expert in the world, but I am very aware of the gold content of the Billboard charts and the significance of the play data behind it."

Antoine Gachet raised his legs and put his hands gracefully on his knees.Whether in New York or Los Angeles, regardless of the temperament of the city itself, Antoine has always maintained his old money style consistently.

"Billboard Hot 100, No. [-]."

"That's an amazing achievement for any label, right?"

(End of this chapter)