Chapter 1218 – Huayi Brothers
Feng Yu told Zhang Chaoyang that they can package the selected participants like celebrities and make them into superstars in the future. But Zhang Chaoyang doesn’t want to set up a talent agency as he is unfamiliar with this industry. He also doesn’t know how to package them like celebrities.
Since Zhang Chaoyang is unwilling to set up, Feng Yu had to do it.
When Feng Yu went to Korea, he had met Weng Zhijian, who was working for a Korean Entertainment Agency as a leader. His job is to package the celebrities and promote them.
Although Weng Zhijian is familiar with promoting Korean artists, it might be hard for him to set up a talent agency. Feng Yu is also not familiar with this industry as he had not noticed it in his previous life.
At this time, Tai Hua Consultancy’s Sun Lijie told Feng Yu a piece of good news. Tai Hua Consultancy had invested in a company called Huayi Brothers and owned 33% of its shares. They can work with this company.
Feng Yu had not paid attention to Tai Hua Consultancy. They were surprised to know he owns the shares of his previous life’s China’s top Entertainment Company!
Feng Yu made a mental note to see what other companies Tai Hua Consultancy had invested in. Maybe there are some companies with high potential among them.
Sun Lijie contacted Huayi Brothers, and they agreed immediately. They know the people from this TV show will have some fame after it was aired, and they can arrange for them to perform at gala dinners around China.
Another reason is that they want to have more cooperation with Feng Yu. If they can get Feng Yu’s support, it will be great for the company. Also, if the company has a financial issue, Feng Yu can give them a hand.
Also, the Huayi Brothers want to try working with a production company. In the future, they might also start making their own TV shows. Furthermore, this program will be aired on CCTV and can be considered working with them.
Weng Zhijian resigned and joined Huayi Brothers after he resigned and returned. Wang Zhongjun interviewed him and made him a Deputy Director of Promotion.
......
“Manager Feng, you are finally here. It’s an honor to meet you.” Wang Zhongjun greeted Feng Yu warmly.
In Feng Yu’s previous life, he had seen this person on TV several times. He always looks serious most of the time, but his younger brother is always smiling.
“Thank you. I had been thinking of entering the entertainment industry. All this while, I felt our Chinese entertainment industry had been developing too slowly. I think the first Chinese movie that made money is directed by your company’s Director Feng, right? I remembered our Wind and Rain Home Appliances had bought its copyrights and made it into VCDs.”
“That’s right. This is something our company is proud of. Manager Feng, let me introduce our company.”
Feng Yu smiled and waved his hand. “No need. I will not understand even if you tell me this. Since you all can get to this scale, that means you all must have something better than others.”
Feng Yu really doesn’t know how a talent agency works. He only knows the agency gets commissions from the jobs assigned to its artists. Still, the things to look out for is different from other industries.
“What about the company’s financial status? I think I should report to you on this.”
“No need. Tai Hua Consultancy had assigned stationed a staff here in the Finance Department, and I believe you all will not disappoint me.”
Feng Yu is very confident. Although Huayi Brothers had grown big now, it is very easy if he wants to destroy it. In Feng Yu’s previous life, one of Huayi’s artists’ contracts ended, and she brought 18 other celebrities to join its competitor.
Feng Yu does not need to poach any of its artists. He can just use his government connections to blacklist its artists. Of course, Feng Yu will not do that. With his status, no one will dare to try anything funny with him.
“Then Manager Feng, why are you here?” Wang Zhongjun was puzzled. Since you are not here to find out more about the company and look at the accounts, why are you here? You want to chat with me?
Wang Zhongjun could never guess the reason why Feng Yu is here. He is just curious about this industry.
“Nothing. Can I take a look around this company?”
“Of course. I will bring you around.” Wang Zhongjun immediately stands up to lead the way.
“Just bring me around for a while will do.”
Feng Yu walks out with Wang Zhongjun, and they passed by a man. Feng Yu recognized him immediately. Chen Daoming. He had watched all his movies and TV series in his previous life.
Another actor walked past. That shiny head... It’s Ge You!
Wang Zhongjun saw Feng Yu’s expression and started introducing his company’s artists and how much profits they had brought in for the company.
In Feng Yu’s previous life, some of the artists had joined Huayi Brothers’ competitors and caused the company to suffer losses. After that, Huayi Brothers become smarter. They let their top-tier artistes buy the company’s original shares, and let them be a shareholder of the company. The artists are also allowed to set up their own workshops.
“Manager Wang, how much do the artists get?”
“It is based on the contracts and ranges from 50% to 10%.”
“What if the artist becomes famous and wants a bigger share?”
“We will go according to the contract. The artiste was groomed by us, and we had used so many resources on him. Furthermore, this is not against the law.” Wang Zhongjun replied.
Feng Yu shook his head. “The contracts must be flexible. If you carry on like this, those artists will not renew their contract with the company once the existing one ended. They will feel being exploited. Although you had signed the contract with the artiste, you can renew it with the artiste earlier. This will let them feel the company is treating them well and will prevent them from leaving. After all, artists are the company’s main revenue source.”
“What do you mean by flexible?”
“That means if an artist becomes popular for one year, it might be by luck. But if the artiste continued to be popular for more than two years, and you think the artist has the potential to carry on this popularity, you can increase their earnings. This way, the artists will want to renew contracts with the company and not join other companies. This includes our artiste managers, etc. Don’t give them a fixed salary and make it flexible. This will motivate them to work harder.”
“If a top-tier artiste wants to leave, encourage them to set up a personal studio and continue to provide them with the company’s resources. This will give them more freedom and not let them feel they are being bounded. When the company is listed in the future, let those artists, including the top managers, an opportunity to buy the company’s original shares. They will treat this company as their home.”
Wang Zhongjun was stunned by what Feng Yu said.
Translator’s notes:
Huayi Brothers