typeface
large
in
Small
Turn off the lights
Previous bookshelf directory Bookmark Next

Chapter 167 Revenue Settlement of Fantasy Records

Chapter 167 Revenue Settlement of Fantasy Records

"Your performance today really scared me. Are all Chinese singers as strong as you?" IU grilled meat and added to Li Hyuk's plate from time to time.

As a carnivore, Li Hyuk enjoys every meal without meat, plus the local milk tea, which is a plan to gain weight. However, Li Hyuk has always paid attention to maintaining his figure. There is a fitness area in the studio, and he often exercises, which also helps.

To maintain and increase lung capacity.

Li Hyuk dipped the sauce in his mouth and ate a large piece of cooked pork belly, and his eyes were full of joy. In Korean food, apart from kimchi, which is worth spitting, the barbecue is still okay.

However, the sauce seems a bit talkative, and it pays more attention to the original flavor of the meat.

"My level is considered average. There are people who are better at singing than me." Li He said.

IU didn't eat much herself. She only watched Li Hyuk eating. After listening to Li Hyuk's answer, she smiled and said: "I know there are many very powerful singers in China, but they are not as good as you. They can both sing and write."

Song."

IU is also a singer-songwriter herself. She has written many songs and is very popular among fans, so she has a good impression of Lee Hyuk, who is also a singer-songwriter.

"For a while, I saw Taeyeon and Yoona doing so well in China, and I wanted to go to China myself," IU said.

"Then why didn't you go?" Li He asked.

"I have no connections, and there are too many stars going to China to develop, and the competition is fierce." IU said helplessly.

Li He took a sip of milk tea, wiped his mouth and said, "If you want to develop, I suggest you hurry up, or simply don't do anything, so as not to waste resources."

"What? Do you have any inside information?"

"I can't talk about the inside story, but within a year or two, there will definitely be a restriction order from above. By then, no matter how prosperous China's business is, it will be over." Li He said.

IU Nuo has some thoughts, and Li Hyuk said so, it must not be without aim. It seems that the road to development in China needs to be considered in the long term.

Li Hyuk didn't think too much. After eating and drinking, he said to IU: "Thank you for your hospitality. If you have time to go to Shanghai, I will treat you to dinner."

"Okay, it's settled." IU smiled sweetly.

After the recording of "Inkigayo Daejeon" ended and IU had another meal, Lee Hyuk returned to Sanghae early the next morning.

IU posted a photo of eating barbecue with Lee Hyuk on social platforms, which was liked and forwarded by Chinese and Korean netizens. Some fans discovered that IU seems to be pretty good too!

"When I go to Korea this time, guess who I met?" Li Hyuk took some time off to chat with Guns N' Roses.

Ye Zixin ate snacks and asked in unison: "Who did you see?"

"Ren Jiajia, you can't think of it!" Li He said with a smile.

Ye Ziran frowned and asked: "You mean you met Ren Jiajia in Korea, how is she now?"

"We have already formed a group to debut and appeared on the same program as me." Li Hyuk replied.

"Where's that Choi Kyung Hui?"

"Cui Jinghui? I haven't seen him yet. He must have parted ways with Ren Jiajia!" Li He guessed.

Ye Ziran breathed a sigh of relief and then asked: "Then have you ever said that you would let her return to the country?"

Li He shook his head and said, "It seems like she doesn't want to come back for the time being. She's still a little upset."

"Zi Ran, forget it, it's good to know that she is safe. We will meet again in the future." Zi Xin stopped Zi Ran's questioning, and then talked to Li He about the next work arrangements: "Our band has discussed it, just rely on you

It’s too frequent for one person to write songs and release an album a year. It’s better to release an album every two to three years and maintain the quality.”

"Okay, I respect your decision." Li He nodded and said, "I think you are good at writing songs. You can create more songs by yourself in the future. It doesn't matter if the market response is not good. Let's give it a try first."

"Thank you, Li He." Ye Zixin said gratefully.

"You're welcome..." Li He waved his hand.

Generally speaking, in order to pursue profits, record companies like bands like Guns N' Roses are eager to squeeze out all their value. But after all, Li Hyuk is friends with them, and he also has a clear plan for long-term development.

It doesn't matter if you make money slowly, the most important thing is to have long-term planning and development. Although the five girls in Guns N' Roses have good appearance and have many fans, Li Hyuk has never regarded the band as a traffic group to make quick money.

"Popular Gayo Daejeon" was soon aired in South Korea, and then moved back to China by Chinese netizens with powerful abilities, attracting domestic netizens to watch it together.

Among them, Lee Hyuk's clip is undoubtedly the most attractive to netizens. Watching Lee Hyuk's live performance impressed the Korean audience, netizens couldn't help but shout, "Lee Hyuk is invincible."

At the same time, fans are also looking forward to how Lee Hyuk will perform at the domestic New Year's Eve concert.

Based on the good cooperative relationship with Mango Channel and the fact that they offered the highest price, Li Hyuk finally attended Mango Channel's New Year's Eve concert.

Last year, he was not qualified to be the finale guest, but this year he was promoted to the Little King of the Music World, and he is already qualified to be the finale guest.

Before the New Year's Eve, Li Hyuk and Sister Han Hong completed the recording of the song "Under the Flying Clouds". Han Hong's ability is beyond doubt, and her and Li Hyuk's singing has the effect of one plus one being greater than two. The whole song is very

Beautiful.

"Li He, your company is doing well!" Han Hong said to Li He after visiting Fantasy Records.

Li He usually stayed in the studio, and Fantasy Records from Pudong rarely came. Wen Yan said with a smile: "This is mainly due to Xuanxuan. I am just a music person, and I am serious about business development."

not good at."

"You are lucky to have a good partner with the same goals. Of course, your music is also great." Han Hong praised.

The compliments from the seniors in the music industry greatly benefited Li He. He stretched out his hand and said, "Come on, Sister Han Hong, I'll treat you to dinner..."

"Come on, let me try what Shanghai's food tastes like..."

At the end of the year, Fantasy Records was still very busy, mainly settling settlements with major distributors and publishers. As the boss, Li Hyuk naturally had to pay attention all the time.

"This year, the total profit with QQ Music is 233 million, of which 106 million has been written off and accounted for in the first three quarters, and another 127 million needs to be settled and accounted for this quarter," Accountant Hui reported.

Li He asked: "Will it be so high in the next quarter?"

Fan Noxuan explained: "The main thing is that your album is selling so well, and some of the income from copyright licensing is through QQ Music, so it's high."

"What about the physical record?" Li He asked.

Fan Noxuan signaled the accountant to continue, and the accountant continued with statistics: "A total of 164 million has been written off in the four quarters, mainly in this quarter."

Li He sighed and said: "Physical records are indeed in decline, that's why."

"Just be content. Our company's profits from physical records are already the highest in the industry, and other companies can't even envy them." Fan Noxuan said with a smile.

According to channel sharing, in terms of digital sharing, QQ Music will get another 20% share, which can get about 25 million in the last quarter, and the rest belongs to Fantasy Records, totaling more than 100 million.

Even so, Fantasy Records' digital business still accounts for about 15% of QQ Music's total revenue, which is a very high figure.

As for physical records, it is estimated that Fantasy Records will receive no more than 50 million, and the cost of the physical records will have to be deducted from the settlement with the dealer. Fortunately, the proliferation of piracy is not serious, but there may be a risk of losing money.

But overall, Fantasy Records has developed smoothly this year and has become one of the largest record companies with considerable revenue.

There are two more chapters tonight

(End of chapter)


This chapter has been completed!
Previous Bookshelf directory Bookmark Next