During my years at China Entertainment

Chapter 155 The happiness of the chaebol

That night, CJ Company held a grand welcome reception for Wei Jin. As one of the four major distribution companies in South Korea, Wei Jin was able to see CJ's high energy in South Korea.

Many companies and celebrities from the Korean entertainment industry attended the reception, but Wei Jin paid very little attention to this small place. Many of them just felt familiar, but could not name them.

However, he didn't know anyone else, but that didn't stop many people from knowing him and wanting to make friends with him. There was such a person in front of him.

"Hello, Mr. Wei, this is Lee Soo Man from SM Entertainment."

Looking at the bald middle-aged man in front of him, Wei Jin could hardly imagine that this was the head of SM who was known as the godfather of Korean entertainment?
  Although he paid little attention to Korean entertainment in his previous life, Wei Jin watched HOT and TVXQ when he was a child. They were really popular at that time. Unfortunately, it was not until he entered adolescence that he realized that the three eldest sisters of SES were more popular.

"Hello, President Li, nice to meet you."

Li Xiuman was very happy that Wei Jin used Korean to talk to him, which meant respect.

"Mr. Wei, I know that you also have your own film and television company in China. I hope that I will be lucky enough to cooperate with your company."

If Wei Jin was just an Oscar-winning director, Lee Soo Man would have shown a little respect at most, but he would never be so respectful.

You must know that this man started from scratch, built SM Entertainment from scratch into the first entertainment company listed on Kosdaq in South Korea, and single-handedly brought Hallyu to the entire Asia.

Don't look at him acting like an honest man in front of Wei Jin. In fact, in the Korean entertainment industry, Li Xiuman is also a person who can decide life or death with one word.

However, as the boss of Wei Jin Film and Television Production Company, he is naturally in a high position for the artist management company and deserves to be treated with respect.

"I wonder, President Li, how do you hope to cooperate?"

"Your company has strong production capabilities, and SM Entertainment has many well-known artists. Our cooperation will definitely produce high-quality works."

SM company's main business is celebrity management business. Although it focuses on idol groups, there are also many artists in other fields.

But SM has a huge shortcoming, that is, its film and television production capabilities are extremely poor. The entire company's artists combined do not have a single work that can be produced. It is simply unimaginable for domestic entertainment.

You must know that in South Korea, there is also a chain of contempt in the entertainment industry. Those in the film industry look down on those in the TV industry, those who make TV movies look down on singers, and singers look down on idol idols.
  Therefore, it is no wonder that Li Xiuman would be so respectful to Wei and Jin, and even somewhat flattered him.

Wei Jin understood what Li Xiuman meant, but he didn't think there was any room for cooperation between the two parties.

Around 2000, the "Korean Wave" began to enter China and quickly gained a number of young fans.

In the following years, more and more Korean artists began to value the Chinese market and flocked to the mainland to develop. Among them, there are a number of Korean stars who are familiar to the audience.

When it comes to the earliest Korean artists to develop in China, the king-level superstar Ahn Jae-wook should be considered one.

As early as 2002, An Zaixu participated in the youth idol drama "White Collar Apartment" directed by Hu Xueyang.

In addition, the most popular Korean artist in China in recent years is Jang Nara.

In 2004, Zhang Nara was appointed as China's publicity ambassador. After that, her career focus shifted to China, and she began to set off a "Nara whirlwind" in mainland China, and was loved by countless audiences.

Last year, the ratings of "The Unruly Princess" she starred in exceeded 4 in the mainland, making her a household name and a popular Korean star in the mainland. She even released four Chinese albums in one go, starting her journey to make money in the mainland.

Many Korean artists have followed suit and come to the mainland to make money, because in South Korea, the income of entertainment industry artists is really too low.

But it is one thing for Korean artists to come to China to develop on their own initiative. It is another thing to actively let Korean stars participate in their own company's works, then become popular in China, and then make a lot of money in China.

As long as Wei Jin didn't lose his mind, it would be impossible for him to do such a thing, so he flatly refused:

"President Li, I'm sorry, there are many artists under my banner waiting to eat."

"Mr. Wei, do you think this is a good idea? You will produce the work, and we will provide the artists to produce and distribute it in South Korea."

Seeing Wei Jin's refusal, Li Xiuman proposed a new way of cooperation, which made Wei Jin's eyes light up and he was a little moved.

"The idea is good, but specific, I need time to think about it."

"Of course, no matter what, I have great expectations and sincerity."

Li Xiuman never thought that he could achieve his goal at this cocktail party. As long as Wei Jin didn't refuse, it was already a good start. Then he saw him turn around and said:
  "You two, come here quickly. I've met Mr. Wei."

Only then did Wei Jin see two little girls standing not far from him.

"Mr. Wei, these are the two representatives of our company's newly-debuted group [Girls' Generation], Lim Yoona and Jessica Jung."

In fact, Lee Soo Man said something big. Girls' Generation just released its first album this month. It has not officially become famous yet, so it is not considered a real debut.

"Hello, Mr. Wei, please give me some advice."

Two good-looking girls bowed at 90 degrees to say hello. One was tall and had a pure face, and the other was petite and full of connotation.

"Hello, you two beautiful ladies." Wei Jin has always had an easy-going attitude towards beauties. He had a hunch that he could feel the happiness of the Korean chaebol tonight.
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  After the cocktail party, Wei Jin and the director of CJ Company discussed the script of "New World" and put forward many more profound and dark ideas than the domestic scripts, which also made the director exclaimed.

After talking about "New World", CJ Company talked about the cooperation on "Xiu Chun Knife".

"Mr. Wei, a movie with a dynastic background like "Xiu Chun Knife" is not that easy to sell. Buying out the copyright is a better option, and the price of three million US dollars is really sincere."

"No, Mr. Park, your company is not the only one in South Korea that has distribution capabilities. Showbox has long wanted to cooperate with me."

The overseas box office of "Xiu Chun Knife" is not low. Even if it were to be bought out, the price would be too low.

"Mr. Wei, our previous cooperation was very pleasant. CJ is willing to continue our cooperation. The amount of 400 million US dollars is our greatest sincerity."

"New World" achieved a box office of 3100 million U.S. dollars in South Korea. As the sole distributor, CJ Company earned at least 500 million U.S. dollars. This is the second most important thing. The most important thing is to widen the gap with competitors. So this time, seeing "Embroidery" "Spring Knife" has achieved box office results in Nanyang. CJ Company has great ideas.

"The price is $500 million."

"Mr. Wei, this is really too high. A happy cooperation should be a win-win situation for both parties."

Executive Park of CJ Company already frowned. At this price, including publicity expenses, it would take almost 300 million moviegoers to make a profit.

South Korea, RB, and even many European countries adopt a method of calculating box office based on the number of moviegoers. There will be fixed prices according to different screenings or theaters of the movie. This can be regarded as a local characteristic.

In addition, South Korea also adopts Hollywood's stepped box office splitting. Generally speaking, the distributor's share ratio is higher than that of China, which can probably reach about 50% of the total box office of the movie.

"No, I believe that at this price, your company will definitely make a profit. In addition, Showbox should not refuse."

Wei Jin naturally knew this, so he believed that the price of 500 million US dollars was acceptable to the other party.

Sure enough, after thinking about it for a while, the other party finally agreed.

Including the cost of remake rights, Wei Jin directly earned 1000 million US dollars this night, which is not too profitable at all.
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  On the other side, in a commercial car, Li Xiuman was doing ideological work on two artists.

"You must know that Mr. Wei is very powerful in China. He is not only an Oscar director, but also a famous screenwriter and music producer. If you can get his favor, even if your debut fails this time, you will have a chance to make a comeback."

In Korea, if you fail to debut, few companies will give you a second chance to debut, which almost means that your career as a star will be cut off, and your long career as a trainee will be completely wasted.

"I have already found out Mr. Wei's room number. Take advantage of the opportunity and don't let me down."

Although Lim Yoona and Jessica Jung have not officially debuted, they are not unfamiliar with the rules of the Korean entertainment industry. They know that the president has made up his mind and they have no right to refuse.

"I understand, President."

Thinking that they would not be able to escape such a fate after all, the two girls' mouths were a little bitter, but recalling Wei Jin's handsome appearance and gentleman-like demeanor, they were not as resistant as they imagined.

"Bring this with you. I heard Mr. Wei likes it very much."

Li Xiuman wanted to seek cooperation, so he naturally found out Wei Jin's preferences. Watching his artist enter the hotel, he felt calm. This is too common in Korea.

On the contrary, he was a little unsure about whether the two of them could please Wei Jin. After all, he was not new to the world.
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  After returning to the hotel room to prepare, there was an unexpected knock on the door, and Wei Jin knew that dinner was coming.

When she opened the door, she saw Lin Yoona and Jessica Jung standing in front of the door.

Wei Jin welcomed the two of them in in a gentlemanly manner, and was not in a hurry to enjoy it. There was still plenty of time tonight.

"Yoona, Xiuyan, can I call you this?"

Wei Jin was sitting on the sofa, holding a little beauty in one arm. He noticed the tension between the two of them and opened his mouth to break the deadlock.

"Well, Mr. Wei, you can do whatever you want."

After hearing Wei Jin's nickname, the two of them became less nervous. The slightly older Jessica said:
  "Do you still call me Mr. Wei?"

Although they knew what would happen tonight, their faces were still a little blushing:
  "Oppa."

"Well, you're so good. The moonlight in Seoul tonight is so charming. The beauty of the two of you is even better than the moonlight. With such beautiful people and beautiful scenery, how can we not have good wine? Xiuyanxi, please go and get the red wine from the table."

Zheng Xiuyan looked at the wine glasses prepared on the table. She still didn't understand that Wei Jin had already planned it, and a blush appeared on her face.

"It is my honor to meet two such beautiful girls in a foreign country. Cheers to our meeting!"

As the red wine went down, the blush on their faces became even more intense. Seeing that the heat was almost done, Wei Jin pulled the two of them towards the bathroom.

I have to say that the aesthetics of the chaebol are absolutely online. Although the two are petite, their proportions are very good, and their young bodies are full of vitality.

Their long training career as trainees has also made their flexibility amazing, giving Wei Jin an unparalleled experience.

This night, Wei Jin really experienced the happiness of the chaebol.
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  (End of this chapter)