I, Yan Jiefang, will live to 2025 in this courtyard house.
Chapter 238 Righteousness and Little Jew
With a middleman, the target, and some information, the law firm can proceed with its business with peace of mind.
They were very efficient; in just two days, they thoroughly investigated the information on the two record companies and made initial contact with them.
Attorney Li, who was in charge of handling this matter, handed two documents to Yan Jiefang and began to explain:
"Mr. Yan, the middleman has given you two candidates: Venus Records and E-TV Records."
I will only analyze the risks for you from a legal perspective; the business decisions are for you to make.
E-Vision Records offered a lower price of 13 million.
Its master tapes are mostly Cantonese local works, so there will be much less hurdle for its import and approval in mainland China.
However, it does not have its own recording studio, nor a full-time recording and mixing team.
Even if you complete the acquisition, you will still need to spend nearly ten million Hong Kong dollars to rent venues, buy equipment, and recruit technical personnel, which will also take up time.
Another part of the master tape comes with a continuous revenue-sharing obligation; it's not that you don't have to pay anymore after you buy it out.
Back at Venus Records, the price was even higher, at 26 million.
With all three components—hardware, master tapes, and a behind-the-scenes production team—you can start recording business as soon as you get your hands on it.
There are also risks, as many European and American compilations only have distribution rights in Hong Kong and cannot be published directly in mainland China.
Furthermore, the recording studio and other similar properties are only leased properties.
E-Vision's advantage lies in its clean copyright and low bid, but the subsequent investment is huge.
Venus has the most complete overall assets, but the transaction amount is higher.
Furthermore, according to our investigation, both companies are currently experiencing a shortage of working capital!
They even started defaulting on the salaries of their artists.
Some artists under both companies are already looking for new agencies or have already signed with them.
Yan Jiefang sat on the sofa, tapping his fingers on the table.
He has enough money to buy either of them.
There was no point in daydreaming here; he decided it would be better to visit the two record companies in person tomorrow.
In addition, after buying a record company, you can also ask around for artists who are still in a slump or have not yet made a name for themselves, and see if you can sign one or two of them to be the company's mainstays.
The next day, Yan Jiefang led a group to inspect the two companies.
He went to Venus Records first.
According to the lawyer, the company's finances had already begun to strain.
But after Yan Jiefang looked around, he found that their situation wasn't too bad and they should be able to make ends meet.
The company's main boss doesn't seem to have any intention of making a move, or rather, he's not in a hurry to make one.
No wonder this small company dared to ask for a high price of HK$2600 million.
He didn't stay there long and left quickly.
However, he felt that one of them looked familiar. He wasn't a big star, but he had definitely seen him in a famous Hong Kong movie.
Sitting in the car, he kept reminiscing.
It took me a while to realize that it appeared in Stephen Chow's "Fight Back to School"!
The only man who ever dated Stephen Chow's girlfriend!
Sure enough, even in the small city of Hong Kong, there are famous actors everywhere.
I never expected that just by acquiring a record company, I would encounter such a formidable opponent.
Isn't this guy supposed to be a singer here?
How did she become an actor later?
A triple threat in film, television, and music?
It is not impossible.
Not long after, they arrived at E-TV.
Compared to Venus, this place looks much more dilapidated.
The office space of E-Vision Records is not very spacious, but most of the workstations are empty and covered in dust.
The posters on the walls were faded and old, and the overall space was rather deserted, looking like it had long lost its former vibrancy.
Yan Jiefang's gaze swept over the old posters on the wall. A very beautiful woman was on one side of the poster, surrounded by green trees and grass.
Why does this woman look so familiar?
It seems to be a big star who was once extremely popular?
However, he didn't pay much attention to it, as this kind of situation is quite common in Hong Kong.
Many big stars worked in small companies before they became famous.
For example, Joey Yung.
Before she became famous, she had signed with several small companies and even worked as a bar singer and a restaurant waitress.
And A-mei (Chang Hui-mei).
Before officially signing with Forward Music and becoming a sensation, he worked as the lead singer of a band in a Taipei bar, where he was discovered by Chang Yu-sheng.
Others, such as Huang Dahu and Qian Wanhui, are in the same situation.
Yan Jiefang sat quietly to the side, while Attorney Li held documents and discussed the company acquisition with the person in charge of Yishi.
"This acquisition is a full acquisition by us, including all equity of Yishi Records, business qualifications, distribution license, recording equipment, existing master tape copyrights, and the residual value of all contracts of current artists."
The original company was deregistered after the acquisition,...
The person in charge knew that the lawyers had already thoroughly investigated their company, and too lazy to argue, he responded with a wry smile:
"As you've probably already seen, our company has been losing money for the past two years, suffering severe staff turnover, and the few remaining artists whose contracts are about to expire. We've long been unable to continue operating, and the shareholders are simply looking to sell at a reasonable price and cut their losses in time..."
Attorney Li nodded, but did not mention the acquisition. Instead, he looked at Yan Jiefang, who was sitting to the side.
Yan Jiefang glanced at the person in charge opposite him, then at the posters on the wall, and said directly to Attorney Li:
"Attorney Li, you have specialized economic lawyers, so please handle this matter."
After that, he stopped paying attention to what was happening there and returned to his hotel.
Two days later, the two sides had basically finalized the acquisition plan, but there was one thing that Attorney Li was unsure about.
After all, when Boss Yan was in the company, he glanced at the poster of the only remaining signed singer several times.
A large record label has taken a liking to this singer and wants to discuss a contract transfer with us.
They dared not make decisions on their own, lest they displease Boss Yan.
"Boss Yan, Lijin Company wants us to transfer our only signed female singer, Xiao Youzi, to them. What's your opinion?"
Yan Jiefang paused for a moment upon hearing the name, recalling what the taxi driver had said when he arrived earlier.
He thought Little Jew was the most beautiful actress in Hong Kong.
After seeing the poster, Yan Jiefang felt that what he said was not too wrong, but to say that it was the most beautiful female star was still a bit of an exaggeration.
However, he now recalls some of the little Jew's deeds.
In the following years, she seemed to become the "Queen of Jade Girls" in Hong Kong.
Then she went abroad with her husband to have a baby.
Then, in his fifties, he returned to China and made a comeback.
Thinking of this, he instructed Attorney Li:
"Arrange a time for Little Jew to come and see me."
Attorney Li nodded knowingly:
"Okay, this shouldn't be too difficult."
Seeing Li's expression, Yan Jiefang knew he had misunderstood, but he didn't care what others thought and would do what he had to do.
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