Peninsula: It’s just a dream, are you serious?

Chapter 274 Cooperation reached
Two days later, a little after nine o'clock in the morning, Chen Yan drove to the vicinity of a building.

After parking his car on the side of the road and getting out, he looked up at the building in front of him.

Above the not-so-new building, the large letters "Acube" gleamed faintly in the sunlight.

Yesterday at noon, Chen Yan received a call from Acube, who said they were very satisfied with the song he sent and asked if he could come to the company to discuss the specifics.

The two parties then discussed the time and agreed to meet at Acube Company at 9:30 a.m. today.

He withdrew his gaze and strode towards the building entrance.

Upon entering the building, Chen Yan headed straight for the front desk.

"Hello, I'm here to see Director Cui of the Music Department. We've arranged to meet at 9:30 this morning."

It was this Director Cui who contacted him yesterday.

The receptionist glanced at the register: "Is this Chen Yanxi?"

"it's me."

"Okay, this way please."

Follow the receptionist to the elevator and take the elevator up to the third floor.

After walking a short distance from the elevator and turning a corner, the receptionist opened the door to a conference room.

"Chen Yanxi, please wait here for a moment. The room leader will be here shortly."

"Ok."

The receptionist left the meeting room, closing the door behind her.

Chen Yan sat down in a chair, glanced at the unremarkable conference room, then looked down at his phone.

A few minutes later, the conference room door was pushed open, and a middle-aged man with a standard peninsula-like appearance walked in. Upon seeing Chen Yan, he immediately smiled.

"Hello, Chen Yanxi."

"Hello, Chief Cui."

Chen Yan smiled back and shook hands with the outstretched hand.

The two sat down on either side of the conference table.

Manager Choi smiled and said, "I explained the general situation to Chen Yanxi on the phone yesterday. Our company thinks that the songs Chen Yanxi wrote for Apink are outstanding, so we really hope to collaborate with Chen Yanxi."

As he spoke, he glanced at the secretary standing beside him.

The secretary understood and placed the contract she was holding in front of Chen Yan.

"I sent the electronic version of the contract to Chen Yanxi's email address yesterday afternoon. Has Chen Yanxi seen it?"

Chen Yan nodded.

He reviewed the contract last night, and the price listed in it was the same as the one in the initial collaboration email Acube sent.

He could earn 50 million won in direct income by writing this song for Apink.

The income of a Peninsula music producer can be roughly divided into three parts.

The first is royalties, which are the royalties earned when a work is played or performed, based on the number of times it is played or performed. This income is settled once a year.

The second is the production contract fee, which refers to the contract signed between a music producer and the artist or entertainment company to produce songs for the artist or a group or artist under the entertainment company.

This is the case with Chen Yan producing songs for Apink.

Thirdly, there is revenue from copyright sales, which refers to the income that music producers can obtain by selling the copyrights of their works (including the distribution rights, performance rights, etc.) to entertainment companies or artists.

The 50 million Korean won that Acube is giving Chen Yan now includes the cost of producing a song, as well as the total cost of selling the song's distribution rights, performance rights, and other copyrights to Acube.

Chen Yan will receive 5% of the profits Acube earns from selling the copyrights to them.

For example, the song "I Got a Boy" that he wrote for Girls' Generation cost him 2500 million won plus 3% of the copyright revenue.

The price has increased because Chen Yan, as the producer of Girls' Generation's song "I Got a Boy," has received positive reviews in Europe and America. He has been frequently mentioned by various media outlets on Peninsula over the past month and has already gained a certain level of recognition within the industry.

As brand awareness increases, costs will naturally rise.

Director Cui gestured and said, "This is the paper contract, exactly the same as the electronic version. Chen Yanxi can take a look. Do you have any objections to the contents of the contract? If so, you can raise them, and we can discuss them."

Chen Yan shook his head as he flipped through the contract.

“I have shown the details of the contract to my uncle who works at Sejong Law Firm. There are no problems, and I have no objection to the contract itself.”

The uncle he was referring to who worked at Sejong Law Firm was, of course, Kang Sung-woo, who was acquainted with his father.

Of course, Chen Yan paid people each time he showed them the contract.

Friendship is friendship, but I can't expect him to review contracts for free every time. It's just that Jiang Chengyu offered me a friendly price.

Furthermore, after reviewing the contract yesterday afternoon, Jiang Chengyu sent over his assistant lawyer's contact information, telling Chen Yan that he could simply ask his assistant lawyer to review such contracts in the future.

After all, given his status, even at a friendly price, it would exceed the fees required for handling such ordinary business; an assistant lawyer would suffice.

On the other side, Chief Choi was taken aback after hearing this, clearly aware of the reputation of Sejong Law Firm.

Coming to his senses, his smile broadened: "Chen Yanxi, please rest assured, there are absolutely no problems with the contents of this paper contract."

After reading the contract, Chen Yan smiled and nodded, picked up a pen, and signed his name as the second party in the contract.

"Then I wish us a pleasant collaboration, Chief Choi."

"It's a pleasure working with you, Chen Yan."

Manager Choi smiled and shook hands with Chen Yan, then seemed to remember something: "It's a pity that the Apink members are all busy with their schedules right now, otherwise we could have asked them to come and meet with Chen Yan."

Chen Yan smiled and said, "It's alright, we'll meet again eventually."

"Haha, I'll formally introduce them to Chen Yanxi at the next song listening meeting."

"Okay, if there's nothing else, I'll be going now."

"Take care, Chen Yanxi."

After saying goodbye to Director Cui, Chen Yan took the elevator back to the first floor, walked out the door, and got back into his car.

With a hint of joy on his face, he took out his phone, tapped on Kakao's three pinned profile pictures, and shared the good news with each of them.

The messages sent to Kim Tae-yeon and Im Yoon-ah are unread, so they must be busy.

Sulli read the message instantly and replied two seconds later: Congratulations oppa! Oppa will probably become a music producer for a girl group soon.

Music producer for a famous girl group?

Looking at this title, Chen Yan was both amused and exasperated.

Chen Yan: Why is it only girl groups? I also write songs for boy groups.

He clearly wrote songs for 2PM, 2AM, and EXO.

The Japanese song I wrote for 2PM was released at midnight today, and it did alright, although it did much worse than "I Got a Boy".

Peach [heart]: [sticking out tongue] Hehe, I accidentally forgot, oppa.

Meanwhile, on the other side, Choi Sulli, sitting in the back seat of the van, stuck out her little pink tongue in sync with the tongue-out emoji on her phone.

You can't blame her for this. The main reason is that although this oppa has written songs for boy groups, she has never heard of him being close to any boy group member.

On the other hand, the girl group only wrote a song for the Girls' Generation members, but they seem to have a good relationship with each of them. Yoona has even become their wife.

Her thoughts drifted freely, and the girl's eyes suddenly lit up as if she had just remembered something.

He typed quickly and sent a message.

(End of this chapter)