Hualiu Director

Chapter 266 Corporate Reform of ET

In the morning of the next day, in front of the former YG Building, now renamed Kim's Building, many Korean and Chinese media came to film and report.

Today is the day when "et International Entertainment Co., Ltd." was established, and the ribbon-cutting ceremony is going on on the temporary stage.

The one in the middle is Song Xiaohan, the president of "et". She controls 60% of the shares of this new company, and the other three shareholders are on her left and right sides.

They are Xiang Zuo, the representative of Hong Kong Yongsheng Film Company, who holds 15% of the shares, Ding Qing, the chairman of Jianjian Security Company, who holds 15% of the shares, and Jin Shunkang, the second son of the Kim Consortium, who holds 10% of the shares.

In addition to the four shareholders, Cho Woo-chul, Mayor of Seoul, was also invited to the ribbon-cutting ceremony.

Quan Zhilong and Cui Zhiyou also participated in the ribbon-cutting ceremony as employee representatives.

The ribbon-cutter on the far side is not familiar to many people in the Korean media, but the Chinese media are frantically filming him. After a little inquiring, it turns out that he made the film that won the Golden Globe Award for Best Foreign Language Film in Beautiful Country. A great director, one of the most accomplished Chinese filmmakers of this generation.

On top of that, he's also Chairman "et" Song's boyfriend.

What a lucky guy, with such a girlfriend, he can have a soft meal for a lifetime!

Many Koreans are envious of Lin Hong's stomach in their hearts, especially the eyes of Song Xiaohan looking at Lin Hong after seeing the ribbon cutting.

Damn it, did this man save the Milky Way? Wouldn't he be afraid of thunder if he had both money and sex?

Such a woman can't even belong to a Korean man. Could it be that Lin Hong has Korean blood?

The artists of ET watched a show of the first prince yesterday, plus the lineup that cut the ribbon today, and the flower baskets sent by so many Chinese entertainment companies in front of the company, the impetuous hearts of the artists have gradually calmed down.

"et" is definitely a powerful company!

The largest golf hotel in Seoul under the Kim Group is closed today because the entire hotel has been taken over by "et".

The luxurious meeting hall was full of people, including shareholders, and management who had not been sacked and transferred from YG.

All the artists whose management contracts have been transferred to "et" are here, even the trainees and the most grassroots employees are no exception.

There is a speech script in Song Xiaohan's handbag, which records many precise numbers, but she doesn't need it, because she has memorized it by heart last night.

Amidst the warm applause, Song Xiaohan walked to the podium to start her first chairman speech.

"Hello, everyone. I'm Song Xiaohan, the president of 'et International Entertainment Co., Ltd.'. I'm very glad that everyone can come today."

Amid the applause from the audience, Lin Hong smiled the happiest, my wife is so cool!

"First of all, let me explain to you why et is used to name the company. Everyone knows that et means alien, but you should also see the word 'international'.

Our company's positioning is to take the international route, focusing on music production and distribution, covering film, TV, modeling, fashion and other businesses.

And et hopes that we can come to the European and American markets like aliens, let them appreciate our works, and give them the greatest shock. "

Song Xiaohan thinks this explanation is reasonable, because she really can't tell everyone that "et" actually means "second child", and it is a name decided by someone playing a rogue.

"Maybe when I first came up, I was an alien and internationalized, which seemed to be drawing a big cake.

I understand everyone's thoughts, but what I want to tell you is that we are actually already working on internationalization. "

Some contracts and materials appeared on the big screen on the stage during the talk, some of which were in Korean, some in English, and some in Chinese.

"et has obtained the publishing rights of the Korean version of "Star Jump", the most popular weekly comic in China."

Quan Zhilong and others in the audience were excited. They are all fans of "Star Jump".

Now that et has won the Korean distribution rights of "Star Jump", then in the future, can you get any limited edition dolls and accessories as you want?

"In addition, we have already signed a cooperation agreement with Netflix and Sublime Entertainment for four TV dramas. These TV dramas will be filmed in South Korea, and the actors in the dramas will also be mainly Korean actors. More precisely, et company and Sublime The entertainment company's entertainers are the main ones."

Netflix is ​​synonymous with quality and word-of-mouth in this world. If they all have the intention to cooperate, it will definitely be a high-quality drama that can radiate to the whole world.

Apart from being shocked by the resources of the new company et, actors such as Choi Ji-woo are most eager to know if there is a suitable role for them. No one wants to miss such a good opportunity to go international.

"Some people may already know that my boyfriend Lin Hong is a director, he has a lot of film cooperation intentions with Sublime Entertainment, and et company will also take care of his management in Korea.

In addition, Lin Hong is also a very good musician, and the song "suger" that is currently ranked third on the billboard is his work.

He has written a lot of English songs recently, all of which are of outstanding quality. I mean the kind that can be on the bulletin board. When you return to the company, singers can go and see if there is any suitable for you. This may be the direction you are going. An international opportunity. "

The English song "suger" is really popular, if it weren't for Xiao Yushen's lack of fame, if they sang it with a big stick, it would be a musical work that could reach the top.

Thinking of this, the singers are all excited. If there is really someone with the same quality as "suger", maybe I will really take off.

"In future cooperation, you will find that the resources that et can give you are far more than that."

Song Xiaohan's words drew applause from the audience. It had to be said that the cake was really big and delicious. The key was that the cake was not painted, but had already existed.

"Okay, after talking about the company's future development direction, I want to say a few words from my heart as a former trainee."

President Song's words made most people in the audience have mixed feelings, but no one who has ever been a trainee can forget those difficult years.

"The culture of trainees has been deeply rooted in South Korea. It seems that lack of food, low wages, oppression, and lack of security have become the norm, and even accepting some unreasonable and excessive demands from the company's management has become reasonable.

I remembered that a great writer named Lu Xun in my motherland once said: It has always been like this, right? "

Yes, Korean trainee culture has always been like this, but is this right?

The trainees who had been tortured by this culture could no longer be at peace when they heard President Song's almost roaring questioning.

"No, that's not right!"

President Song gave his own answer, which is wrong.Now she has the right to say that, and the ability to make a difference, so she did.

"I announce that starting tomorrow, all the trainees of et will re-sign their contracts.

From now on, et's trainees' salary should not be lower than the average salary of ordinary employees in Seoul!

The management is not allowed to squeeze the trainees in any form, and they are not allowed to take them out to entertain company partners. If the partners make excessive demands, then such a partner is not worth it!

In addition to receiving normal wages, trainees will also receive medical and accident insurance!

Do not force trainees to have plastic surgery, and do not impose mandatory requirements on trainees' weight and appearance!

et will rent a large number of apartments with private bathrooms, meeting the standard of two people and one bedroom!

The trainees have one day off every week, and they are not allowed to force the trainees to train uninterrupted and high-intensity!

The company's logistics department will set up a cafeteria as soon as possible, and all artists, staff and trainees working in the company can eat for free, and the daily meal budget per person should not be less than 20000 won!

Respect the personal and private life of the trainees, and do not forcibly prohibit dating!

The above is what I can think of for the time being. If the trainees have any reasonable needs, please contact me through the company email, and I will accept them reasonably! "

What else can I say? What Chairman Song just said is already a great gift.

Almost all the trainees in the audience cried, and many of them even cried loudly. Even Da Bang and Blackpink were secretly wiping away their tears. They missed out on these benefits.

"Great, great, I will have a salary to support my family in the future."

"I will no longer have to get up an hour early every day to grab the toilet!"

"I don't have to go hungry, it's great to have a free canteen!"

Song Xiaohan watched the trainees crying excitedly, she finally believed what Lin Hong said.

"It doesn't cost much to give these conditions, but you can grasp the lifeblood of this company, and you don't have to worry about them slack, because they will roll up themselves.

And in the future, anyone with potential will rush to come to et as a trainee. Unless other companies offer the same conditions, they can only pick up et to pick the rest. "

Yes, Lin Hong's tricks to win people's hearts are really attractive. She believes that the Korean entertainment industry is going to be shaken.

"Don't get excited, everyone, because I haven't finished talking yet.

As for the employees of et company, each of you will increase by 10% on the basis of the original salary. "

For ordinary employees, salary increase is the simplest and most effective way.

Sure enough, after Song Xiaohan made the announcement, even the cleaning aunt shouted excitedly, "Long live President Song!"

"Finally, regarding the artist contract, I think it is necessary to change it."

Korean artist contracts are considered harsh in the world, and this time Lin Hong's approach to artist contracts is the most ruthless of all et's reforms.

"I don't know about other companies, but I know that YG signed a minimum contract of 10 years with everyone before. To be honest, this is too long.

From now on, et's contract will be signed every five years! "

Quan Zhilong and the others were dumbfounded. It was always the agency that thought the contract was too short. This was the first time I heard that the contract period was shortened. Is President Song an angel?

"That's right, it's a five-year signing, which is fair to everyone, because et is going to give everyone a basic salary."

Korean brokerage companies don’t have the concept of basic salary, and they have jobs to earn money. This is their basic principle, and Lin Hong wants to break this basic principle.

"From now on, every artist who officially signs with et will receive a guaranteed basic salary. The basic salary will not be less than 300 million won (about 15000 RMB) per month. equal coefficient growth.

It means that the longer you stay in the company, the more money you make for the company, and the more basic salary you get.

Here I decided to include everyone's seniority in the company during the YG period. I did a rough calculation for senior Cui Zhiyou before. Judging from the coefficient of seniority in your company's service, you don't take any jobs every month. That can also get a basic salary of about 600 million won (about 30000 yuan) from et!

Of course, it is impossible to fail to get a job with the ability of the seniors. After you help the company make money, your basic salary will continue to rise. "

Choi Ji-woo in the audience was very happy. Although she was no longer the first sister of the company, Chairman Song still called her a senior. This touch made her happier than the basic salary of 600 million won per month.

The basic salary of 600 million won may not be a big deal for the veteran actress Choi Ji Woo, but it is different for those young actors who have not yet become famous. They think that as long as they stay in the company long enough, they will not be afraid of being unable to support their families.

"So you see, if you sign a long-term contract of more than 10 years, et company may suffer. So I'm sorry, the maximum is five years."

The figure of five years was also carefully considered by Lin Hong, neither would he lack control over artists, nor would it make a big-name artist like Quan Zhilong feel like he was being constrained.

Coupled with a series of benefits and resources, it can basically block the way for other companies to poach.

Of course, with the last resort.

"In addition to reducing the maximum age limit to five years, the commission ratio for artists will also be revised."

Korean entertainment company's rake ratio for artists is even more ruthless than that of Hong Kong and Taiwan, which is the highest at [-]%, and the highest rake ratio has reached [-]%, and the artists have to bear the tax themselves.

And for a phenomenal artist team like Big Stick, the rake has reached [-]%, which is almost impossible in mainland China.

You ask Wang Jinghua to tell Cheng Daoming to let me take [-]%, and Cheng Daoming will give Wang Jinghua two slaps, and then say fuck off!

"In the future, et will divide artists into five levels: s, a, b, c, and d according to market conditions. The commission for s-level agency contracts will not exceed [-]%, the commission for a-level agency contracts will not exceed [-]%, and the commission for b-level agency contracts will not exceed [-]%." [-]%, C-level and D-level no more than [-]%."

This is definitely the most lethal condition released by President Song today, and all the contracted artists couldn't help but tremble.

Everyone is thinking in their minds that they can be classified into that level, and how much more money they can get.

So far, Song Xiaohan has won the hearts of everyone in et!

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The typo was corrected first and then corrected.

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