Reborn Action Star: Starting in Hollywood

Chapter 186 Return to New York
"I plan to invest 100 billion won in SM Company." Lin Yuan said.

"what?"

This amount made Lee Soo-man both happy and sad.

This amount is equivalent to 5000 million RMB, which can instantly replenish SM company's cash flow.

But with so much money, how many shares should be given away?

After giving up these shares, will I still have control over the company?

This series of thoughts flashed rapidly through Lee Soo-man's mind.

"Mr. Lin, I..." Lee Soo-man opened his mouth but didn't know how to start.

"President Li, don't be anxious. Just listen to what I have to say." Lin Yuan pressed his hand down gently, signaling him not to be anxious.

"100 billion won, I only want 20% of SM Entertainment's equity."

"What?" Lee Soo Man was completely shocked when he heard Lin Yuan's words.

Giving up 20% of the equity was his limit. Originally, he only wanted to use these shares to exchange for an investment of 60 billion won, but he did not expect Lin Yuan to give 100 billion won.

It was almost twice what he expected.

Is this the wealth of the rich from our country?

100 billion won, or 5000 million RMB, is only about 600 million US dollars for Lin Yuan.

Lin Yuan could easily come up with the money, but he was not here to do charity. It would be enough if he only gave 60 billion won. He gave 100 billion won, so there must be more requirements.

So Lin Yuan said, "I know this price has a very high premium, so I have other additional conditions."

After hearing Lin Yuan say this, Lee Soo Man felt relieved.

He asked solemnly, "What do you want?"

"I have two conditions. The first one is that I want the overseas business operation rights of all SM idols." Lin Yuan put forward the conditions.

"Overseas operating rights?" This request made it difficult for Lee Soo-man to evaluate.

At that time, K-pop had not yet become popular overseas, and he couldn't see whether it was cost-effective to give out the overseas operating rights of idols, so it was difficult for him to answer for the time being.

Lin Yuan had already figured out his mentality.

Again, if the agreement causes your partner to suffer huge losses, then sooner or later he will find ways to circumvent the agreement.

In reality, it is almost impossible to expect to take advantage of the information gap and completely cheat someone by signing an agreement.

Lin Yuan then said, "I will set up a brokerage company in Korea. All of SM's idols' overseas brokerage business will be signed to this company, and 10% of the company's equity will also be transferred to SM."

Lin Yuan proposed a cross-holding plan to highly align the interests of both parties so that they would prosper together.

Hearing Lin Yuan's words, Li Xiuman was a little moved: "Now that you put it that way, I think it makes sense."

Lin Yuan continued, "You know I have excellent channel resources in North America, Mainland China, and Japan. Entrusting SM Entertainment's idol overseas operations to me will undoubtedly create greater value for the company."

The second move in the combo: drawing a pie in the sky.

But what Lin Yuan said was not empty talk. These three markets will be the three most important overseas markets for K-pop in the future. Letting him operate them is definitely better than SM company messing it up on its own.

In its previous life, SM Entertainment's Japanese distribution business was entrusted to Avex Music Japan, which did quite well for a while.

But after the person in charge of Avex was replaced, the cooperation became less close and the business immediately declined sharply.

Isn’t it much better to choose to cooperate with Lin Yuan now than Avex?
Lin Yuan's intention was very clear. He didn't want too much equity in SM Company, just 20% would be enough, and he would not interfere with Lee Soo Man's control over the company.

But I want to take control of all the overseas business. When the overseas business takes off in the future and crushes the Korean domestic revenue with absolute advantage, it will not matter whether the actual control of SM company is in his hands or not.

Your income and lifeblood are in the hands of others, do you still dare to resist?
This was an open conspiracy, but Lee Soo-man happily took the bait.

After all, if the new company can become the host, he will definitely make a fortune. Why should he resist?

Wouldn’t it be nice to just lie down and enjoy it?

What’s more, 10% of the shares of the new company also belong to SM, so we are all in the same group!

Lee Soo Man then smiled and replied, "I accept this condition. What is the other condition?"

Lin Yuan replied: "I hope SM Entertainment will pay more attention to the selection of Chinese trainees and allocate more resources."

"Ok?"

Lee Soo-man was even more surprised by Lin Yuan's request.

Because the domestic entertainment market in South Korea is so small, these entertainment companies are forced to expand their business overseas. In order to enter the target market, adding foreign members to the group is the most cost-effective way.

When Korean groups later select foreign members, they will mainly choose from the following countries:
China, with its largest population and rapidly developing economy, is undoubtedly the hope for the future. Therefore, Chinese membership is almost a must.

Japan, after all, is a secondary cultural consumer market. A Japanese member would significantly boost the group's overseas album sales and income from overseas concerts.

Thailand. This had to wait until the mobile Internet era. This strange country of Thailand is so popular on YouTube that if there is a Thai member in the group, the playback data on YouTube will be much better.

Korean Americans, this is mainly due to the need to enter the European and American markets, but in fact no group has ever benefited from the Korean Americans.

Therefore, Korean groups themselves will absorb Chinese trainees.

SM Entertainment does have a plan to go to China every year to select trainees, so in Lee Soo-man's view, can this also be considered a condition?

Is it worth Lin Yuan’s special mention?

"Can I ask more specifically? What does Mr. Lin Yuan want us to do?" Lee Soo-man asked.

"I won't interfere too much, I just need some seeds." Lin Yuan said vaguely.

But Lee Soo-man immediately understood: Lin Yuan wanted to use SM's star-making production line to create some seeds that would help him conquer the country.

Therefore, he does not want SM Entertainment to treat trainees from the two countries differently and reserve the best resources for trainees from his own country, which will result in him having no one to use.

This kind of thing is really common in Korea. For example, they don't give Chinese artists any shots, deliberately arrange them to sit further back on stage, sign more stringent profit-sharing agreements, and assign them the hardest and most tiring work...

This request was nothing to Lee Soo-man. After all, idols were already exploited harshly enough, so if he relaxed a little, he would still make plenty of profit.

So he smiled and extended his hand to Lin Yuan: "Mr. Lin, it's a pleasure to work with you."

Lin Yuan also smiled and said to him, "President Li, I believe this cooperation will satisfy you."

Lee Soo Man still had a forced smile on his face, but at this moment he was truly satisfied in his heart.

In fact, Lin Yuan knew that he had made a lot of money from this investment.

Although SM Entertainment is currently short of cash flow and the future seems highly uncertain, as long as SM Entertainment launches the boy group TVXQ next year, it will immediately become a hit.

This boy band is not only irresistible in South Korea, but also quickly conquered the Japanese market.

It became the most successful Korean boy group in Japan in history, and no other boy group has been able to replicate its success in Japan.

As long as SM company can hold on until next year, Lin Yuan's investment will actually be dispensable. In fact, Lin Yuan got a bargain by intervening at this point in time.

After coming out of the meeting room, Lee Soo-man walked Lin Yuan out the door.

As he turned the corner, a small figure bumped into his arms.

"Sorry! Excuse me!" The little girl bowed and apologized.

"Don't you look at the road when you walk?" Lee Soo Man scolded.

"Sorry, I'm here to interview a trainee today." The little girl lowered her head and didn't dare to raise it.

Lin Yuan looked at her and asked, "Are you Lin Yuna?"

"Ah? Lin Yuan Oppa? Do you know me?"

"You attended my fan meeting at the airport two days ago." Lin Yuan replied with a smile.

"Ah! I didn't expect you to remember me!"

Lin Yuan greeted her with a smile and then said goodbye.

As he walked, he said to Lee Soo Man, "President Lee, this is a good seedling. You can consider focusing on training him."

Lin Yuan didn't mind helping Lin Yoona. After all, she would be the one who could support the entire girl group in the future, so helping her would be helping himself.

Li Xiuman didn't know why Lin Yuan would speak up for an ordinary person, but he nodded and said, "Mr. Lin, I understand."

After leaving SM company, Lin Yuan got in the car provided by Samsung Group and headed towards the airport.

Originally, he wanted to visit Chungmuro ​​in South Korea, which is known as the "Hollywood" of South Korea.

Seoul National University also invited him to give a speech to students from top universities in South Korea.

But he turned down all these plans.

He was in a hurry to come and go, and his time was becoming less and less.

There was a lot of stuff piling up in New York waiting for him to deal with.

(End of this chapter)