Silicon Valley
Chapter 613
S.M. entertainment is a large-scale artist planning and brokerage company in South Korea. It was founded by singer Li Xiuman in 1989. It is the largest entertainment company in South Korea in terms of scale, strength, popularity and influence. Its name "SM" is the abbreviation of "star Museum", which means "star Museum, hall of fame". Its representative artists include boa, TVXQ, superjunior, teenage, SHINee, f (x), exo, redvelvet, NCT, etc.
SM Entertainment has super star making ability, known as "star making factory" and "the birthplace of Korean wave". It is the first company in South Korea to establish a creative system, which includes four stages: selection, training, production and marketing. This system, which has been strictly implemented for 20 years, is also regarded as its core competitiveness by SM Entertainment. And this is a key point that Henry attaches great importance to SM Entertainment.
The financial times once summarized: "SM Entertainment is the only company in the world to complete from talent discovery to training, and then to content recording! Its founder Li Xiuman''s influence on SM Entertainment and Korean wave industry is just like jobs'' influence on Apple or IT industry! "
"Kim Dae Jung, launch acquisition action to SM company immediately!" Henry ordered.
"Yes, your majesty!" Jin Dazhong answered in a deep voice.
In 2000, SM Entertainment was listed in KOSDAQ, South Korea, with a market value of 790 billion won, or about $690 million. For Henry, a local tyrant of the level of adversity, this amount of money was not paid attention at all.
CJ group proposed to buy SM Entertainment news soon spread in South Korea, caused a huge sensation.
Cj-e & & & & & & M, a subsidiary of CJ group, is the largest entertainment media company in South Korea. Its business covers film, television, music, performance, media, games and other entertainment and cultural undertakings. It has developed into one of the most competitive entertainment media groups in South Korea and even in the world. Cj-e''s music division has two largest music TV channels Mnet and km-tv in South Korea. Relying on two powerful media platforms, it has established a business system including record distribution, TV program production, singing planning and digital media services. Its brand program "m! Countdown, super-star-k and wide entertainment news have become the most popular Korean music entertainment programs for fans in Asia. The Mnet Asian Music Award (Mama), the most popular music award of cj-e & & & & & & M, was held in Hong Kong, China, with a global audience of more than 2 billion people. It is the largest, most influential and authoritative music award ceremony in Asia!
The combination of SM Entertainment and cj-e & & & & & & M is a strong alliance. If SM Entertainment can get the help of cj-e & & & & & & M''s media platform resources, it will be like a tiger adding wings. The word "super" must be added in front of the title of "Star factory"! And CJ group is the industry of Henry Williams, that is to say, as long as you become an artist of CJ group, you will have the help of all the companies under the name of Henry Williams. From then on, the stage of artists will not be limited to South Korea, but the whole world!!!
For a time, the stock price of SM Entertainment soared, and the market value increased by 95 billion won!
SM Entertainment artists or trainees are overjoyed to hear the news, and want CJ group to buy SM Entertainment company.
In the dance room.
"Captain Taiyan, do you want SM Entertainment to be acquired by CJ group?"
"Yuner, what do you think?"
"Of course, I hope that next year, our" girlhood "group will be on the market. By that time, we will have much better publicity resources than we have now. And... "The girl named yun''er looked around with her smart eyes, and then whispered," SM Entertainment signed a five-year performance contract with us. It''s really unreasonable. The profit is 70% for the company and 30% for the individual. What''s more, the revenue here only refers to the revenue of the album, and the revenue of peripheral products and other activities belongs to the company. In other words, the first five years were almost for nothing! Hum, these entertainment tycoons know how to drain the surplus value of us ordinary artists! " After saying that, Du mouth, a face of anger.
At this time, the door of the dance room suddenly rang, and the team leader Tai Yan immediately made a no sound gesture and said in a low voice: "the dance teacher is coming, stop talking!"
"Well..."
At this moment, the conference room of SM Entertainment is having a meeting.
Although Li Xiuman is the founder, he is not the legal representative and President of SM company. He is just the shareholder and production director.
Jin Yingmin, President of the company, sat on the chair of the conference room and said, "CJ CEO Kim Dae Jung has proposed to buy SM Entertainment for a total of $800 million at the price of 35050 won per share. What do you think?"
Li Xiuman pondered for a while, said: "SM Entertainment and CJ group strong alliance is a good choice, and the other side to the price is also very good!"
"Director Li is right, I also agree to accept the acquisition of CJ group!"
Other shareholders have also expressed their support. For these shareholders, CJ group''s acquisition of SM Entertainment at a premium of $110 million is almost profitable. Why not sell it?
After the shareholders'' meeting, SM Entertainment contacted CJ group to accept its acquisition.
Soon after, the two sides signed a purchase agreement, and then held a press conference to announce the matter to the outside world.
At this time, SM Entertainment company was a sensation, and everyone was excited by the news.
"Everyone, please listen to me. At about 3 o''clock this afternoon, Mr. Jin Dazhong, CEO of CJ group, will visit SM Entertainment company. In addition, his majesty Williams is likely to come to our company. So, you must behave better, you know? " Li Xiuman is still the production director of the company, managing the company''s affairs.
As soon as his words were finished, all the people were surprised and showed an unbelievable expression.
"Wilhelm, your majesty Williams is coming to visit SM Entertainment, too!"?! Oh, my God, I''m going crazy with excitement! Aunt Xue, come and help me make up quickly, and give me the best make-up! "
All the beauties went to the dressing room to make up after a long time
Li Xiuman looked at the empty hall and shook his head with a smile: "the charm of his Majesty King Williams is incomparable!"
Three o''clock in the afternoon.
Henry did come to SM Entertainment with CJ CEO Kim Dae Jung.
Walking into SM Entertainment is like walking into the highest value enterprise in South Korea, with handsome men and beautiful women.
"Welcome your majesty Williams and Mr. Kim Dae Jung to SM Entertainment company!"
Li Xiuman took the lead, and the company''s main leadership and well-known artists who have already made their debut bow to them one after another.
"Are you Mr. Lee soo man, a household name in Korea? It''s been nice seeing you! SM Entertainment can develop into the largest entertainment company in South Korea. Mr. Li Xiuman has contributed a lot to it Henry grinned and held out his right hand.
"Thank you for your praise, but it''s not my own credit, it''s the result of the joint efforts of all of you!" Li Xiuman said modestly.
Henry smelt the words, laughed and nodded slightly.
"Director Li, as we walk, we say that I''m not very familiar with SM Entertainment. Please give me a brief introduction about the company..."
"All right!"