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But in other aspects, Zheng Rongxuan has changed a few things, that is, because most trainees are teenagers and are all growing up, the living allowances given by Zheng Rongxuan from the current 650,000 won per month to 1 million won and 800,000 won per month for trainees of A and B. If it is converted into RMB, it is about 6,000 yuan and 5,000 yuan. This does not include food expenses. For trainees of A and B, they are responsible for food and accommodation. They will also be calculated in your investment cost and will be paid back in the future.—{2}{3}{w}{x}]

C, D-level trainees do not charge any fees, but will not be given any subsidies. If you practice in the company, you can go to the company canteen for free, and the canteen is not classified. You can eat for free by entering the trainee canteen. However, all trainees are not allowed to waste food. In fact, this is not only for trainees, but all employees are not allowed to waste food.

Once you are interested in making your debut, the trainee director, artist director, music director, and company lawyer will meet you. During this period, you can invite a lawyer or family to accompany you, and determine a series of issues such as your debut issue and the distribution of income after your debut. The debut contract will take at least five to seven years. If you terminate the contract during the period, you will need to compensate high liquidated damages.

Zheng Rongxuan also believes that since the company has trained you and the conditions given by almost all Korean entertainment companies are better than those given by them, you are still unwilling to stay, that is, your character is a problem. Therefore, it is normal to set a high point in the liquidated damages, and the contract must be reviewed by Korean legal professionals to ensure that even if you go to court in the future, you will never win.

Zheng Rongxuan knew that countless Korean artists sued their boss one by one in later generations, so from the very beginning, Zheng Rongxuan increased their treatment and strictly restricted their retreat in the form of a contract.

The company's training cost is paid off within two years after its debut. It is 150% of the total investment amount and the additional 50% is investment interest. This is much less than most other companies. Many other brokerage companies are several times, and the famous S.M companies are at least five times, because as a trainee, you don't know how much investment you have in you, and this investment does not just refer to direct investment, including the salary, use of resources of teachers at all levels, etc., all have to be distributed to everyone.

However, in CGV, Zheng Rongxuan will ask someone to design a complete system. At that time, every trainee can query the amount of investment in you every six months, quarterly, and finally realize the monthly investment amount in you, and implement transparent management.

It can be said that the trainees themselves are the department that loses money in the company. Even if Zheng Rongxuan raises the investment interest by 50%, they still lose money, just how much they lose.

Because not all trainees can debut, according to professional institutions surveys, about 30% of teenagers in South Korea have the idea and desire to become artists, and there are even more trainees from major entertainment companies. However, less than one-fifth of them can debut, and more are cruelly eliminated during their trainee years.

All three of them strongly opposed this. Although the entire CGV group belongs to Zheng Rongxuan. As managers, they cannot let Zheng Rongxuan lose money, so they insist that even if the trainee department does not make money, they cannot lose money. Therefore, the overall cost of the entire trainee department will be distributed to the latest artists who debuted in half a year. Other companies do this. In the end, Zheng Rongxuan insisted. This increased the proportion to 180%. The rest of Zheng Rongxuan believed that if he lost money, he would lose money. He just thought it was a good relationship, but he couldn't pay much anyway.

At the same time, the debut contract is not like other entertainment companies. Instead, the company deducts half of the share to repay the company's investment, and the rest will be paid to the artist. If the artist has not paid off the investment within 2 years, either pay it with cash in one lump sum, or after increasing the remaining investment amount by 20% again, it will be repaid in the form of 70% of the share in the next year until it is paid off. Also, the artist is strictly prohibited from termination of the contract before repaying the investment amount, otherwise it will be paid with extremely high liquidated damages.

Moreover, the singer's agency share is also very different from the actors. The singer's status in South Korea is low, so Zheng Rongxuan continues to use the form of most Korean entertainment companies. The share share agreement is initially 9:1, and after gaining a certain position, it will increase to 8:2 or even 7:3, but it will not exceed 5:5 in the end.

But unlike other entertainment companies, the majority of the CGV singer contracts are Fan Zhi. The income is this proportion, not like other entertainment companies. Only a few of them are the income distribution ratio, such as the income from records, variety shows, commercial performances, etc., all belong to the company.

This is a bit unfamiliar to Zheng Rongxuan. Zheng Rongxuan doesn't expect to squeeze too hard from these weak artists, otherwise they will have to be forced away. Therefore, Zheng Rongxuan's share ratio is basically a one-size-fits-all form, that is, basically all profit distribution is like this. However, because the record sales are special, the sales volume of less than 10,000 copies will not be paid, because that is a loss for the company. Only when the sales volume increases can profit. Moreover, Zheng Rongxuan clearly knows that the sales volume of the record will become less and less, and there is no need to take this too seriously. The big end in the future will be the source of sound, which is the king of the songs to make money.

After the four of them decided to share the contract, Park Sang-kyung smiled bitterly and said, "Director Zheng is so kind. I believe that once these contracts are leaked, it will definitely make the artists of the whole South Korea rush to join us. Now we may face the siege of other companies."

Shin Jong-un shook his head slightly and said, "This situation may happen, but now most artists have contracts. I believe they will not have too much fluctuation. Don't forget that all our contracts are global contracts, not just Korean contracts. Boss, how long do you expect to build CGV into a global entertainment company?"

It is precisely because of this statement that the three of them did not object too much, because the three of them also knew that compared to South Korea, the contracts of other countries were very loose, especially in the United States, the share ratio of brokerage companies was basically not more than 40%. It would be good if South Korea didn’t just charge you 90%.

Singers, unless they are truly powerful singers, are just youthful. The entire singer's career is very short, and it only takes more than ten years to reach the end. So with the huge influence accumulated during the singer's time, Zheng Rongxuan naturally hopes to transfer them to actors or hosts and continue to explore their value. Therefore, no matter which contract it is, it includes all aspects of their acting career. While the profits increase, it also strictly limits that you can only choose CGV. No matter you have not come forward in any country, you must not sign other bosses.

After all, Zheng Rongxuan didn't go to Korea to do charity. Even if he didn't plan to make too much money from these artists, he would at least not lose money. Otherwise, it would be useful to do this by himself. It would be better to code at home, play finance, and write code to make money quickly. CGV is nothing more than playing a few future development games.

"With this idea, I will tell you if there is progress. Now you can do the things you have in hand first." Zheng Rongxuan did have this idea to develop CGV into a large multinational group for global film, video, songs, game production and distribution.

The reason for the idea of ​​industry is that Zheng Rongxuan is not only because he seems to make money too fast now, but his biggest motivation is to hope to build his favorite Taeyeon, Yoona and others into the world's top group in the future. If he controls a super powerful multinational entertainment company, he will naturally make this happen twice as much with half the effort.

To put it bluntly, all the efforts now are paving the way for the little girls to grow up in the future. Since singing is their favorite, Zheng Rongxuan likes them, he naturally needs to meet all their needs in all aspects and let them stand on the top stage in the world to let their singing and dreams fly. As long as they see them all happy, Zheng Rongxuan will feel that he is also happy.

After meeting with Martin Keane, a new private banker in charge of his affairs in China, Zheng Rongxuan told him his thoughts, letting him continue to increase his manpower and try to acquire the target he is interested in as soon as possible. The huge acquisition case involving tens of billions of dollars after taking office made Martin Keane tremble all over excitedly.

Among the many emails he read last night, he sent his progress report emails. The acquisition team has been basically equipped. After receiving a report from Martin Keane, Citibank headquarters attracted great attention. He mobilized capable professional forces from branches in New York, Japan, Europe and other places to form the acquisition team. Citibank Vice President Pars Joyce personally took charge and is preparing to set off to South Korea to confirm and sign this huge acquisition case with Zheng Rongxuan. Once Citibank is successful, Citibank Vice President Pars Joyce takes charge.
Chapter completed!