hollywood billionaire

Chapter 58 Music Career Group

Author: TrojanRW

Chapter 58 Music Career Group

This visit to Xinghui Building is not just a simple visit. Zhao Youzhen communicated his intention to sign the contract two days in advance. Therefore, not only the real estate agent Hunter Barnett was present, but also the owners and managers of Xinghui Building, JMB

Jody Tarantino, the Southern California Regional Manager of Real Estate Group, who is responsible for commercial building rentals, also arrived at 10250 Starway on this sunny Saturday morning to welcome another major tenant.

The building itself was started in 2001 by JMB Real Estate, a real estate investment group from Chicago. However, just one year later, JMB Real Estate, which was deeply in a financial crisis, applied for bankruptcy protection. During the asset restructuring process, most of JMB Real Estate

The assets were purchased by billionaires Philip Anschutz and included in the Anschutz Group's wings.

This rich man, who graduated from the University of Kansas, is worth $10.1 billion and is the co-founder of the Major League Soccer. Los Angeles Galaxy, Chicago Flames, Colorado Rapids, Dynamo Houston and San Jose earthquakes. New York Red Bulls are all his teams.

It is said that one person can influence the title of the entire league.

He has been deeply involved in the West Coast and has bought a majority stake in the NHL Los Angeles Kings, and even bought some shares from the Bass family, becoming one of the shareholders of the Los Angeles Lakers.

Of course, sports are just part of his billion-dollar kingdom. Anschut Group also owns the world's second largest live performance company, AEG Live, and through this company, indirectly holds the Coachella Festival, known as the world's No. 1 music festival, through which it indirectly holds the Coachella Festival, known as the world's No. 1 music festival.

.The world's second largest theater chain, Rich Entertainment Group, is also its own pocket, with a total of 7,000 active screens.

Not only that, Forest Oil, the largest energy group in Colorado, one of the largest energy suppliers on the West Coast, and world-class venues all over the world, such as the Staples Center in Los Angeles and the O2 Stadium in London, all belong to Philip.

-All of Anschutz.

Fortune Magazine compared the 21st-century federal wealthy with his nineteenth-century tycoon predecessor J.P. Morgan, saying they all "get rich in a very unique way: conducting business in a range of industries that ordinary people can't imagine, and controlling

and reshape the economic pattern of the entire country.”

Even if all the wealth Han Yi has is added together, it is just a drop in the bucket compared to Anschutz Group. His most valuable asset, United Artist Brokerage Company, has a total market value of only three of the Los Angeles Kings.

Nearly one.

Even if you continue to invest at the current rate and get rewards, it is still a very long-term goal to surpass the scale of Anschutz Group.

In this level of capital game, Han Yi is not even a flyweight player at present. He can only be said to be an ordinary audience who has just obtained the ticket to the boxing champion competition.

However, Han Yi was not discouraged because of this. After all, he was only twenty-two years old this year, and God still had a lot of time left for him. This time, the company's first location was chosen in Xinghui Building. In addition to the excellent quality of the office itself,

The business partnerships that Philip Anschut can develop in the future are also within his consideration.

If he can enter Philip Anschutz's world step by step through this lease and engage in business with him, no matter how expensive the rent is, Han Yi will be happy.

You know, Philip Anschutz had the idea of ​​selling AEG Live as a whole in 2012, but no buyer's bid reached his psychological price, so he took the performance giant off the shelves at the end of 2013.

If it were me, if I worked hard for a few more years, could I let AEG Live flow back into the market and change my surname?

While thinking about it, Han Yi signed his name on the commercial leasing documents. Xinghui Building has extremely high requirements for tenants. The starting time is at least five years, up to ten years, and the rent is $6.50 per square foot per month, the first period

The payment method is to deposit three or six. If you choose to pay one year's rent in one lump sum, the average annual price per square foot can be discounted to $72. In other words, if you want to get the key to an office of 1,000, Han Yi has the least

A one-time payment of $828,360 is also required.

If you don’t know the smacking point of this price, here’s a sharp comparison: in 2016, there were only 36,161 companies in the United States that had annual revenue of $1 million to $2.49 million.

Guess, how many companies in these 36,161 companies can make a profit of US$828,000?

However, for Han Yi, who is already accustomed to seven-digit consumption, even a slight turmoil in his heart is difficult to cause. In the end, he chose to sign a five-year lease and pay the entire rent for the first year in one go, adding

The deposit for the last three months and the brokerage fee equivalent to one month’s rent were a total of US$1.3594 million.

After experiencing a luxury home purchase process of $39.5 million, the million-dollar office rental was handled quite quickly in Han Yi's opinion. The transfers authorized by Fernando Gonzalez to be passed in less than an hour.

Chase Bank review. When he got the office identification card from respectful district manager Jody Tarantino, it wasn't even time to lunch.

"Chat Account: A JMB Realty Los Angeles purchase of $1359360.00 was completed on 04/09/2016 11:17:25 PST, and the purchase exceeded the $1000 limit in your warning setting."

"Chat Account: S42H19 LLC. deposited $1359360.00 into the account (6102) on 04/09/2016 at 11:17:26 PST, which exceeded the limit of $2500 in your warning setting."

"Chatong free risk control information: Is the $1359360.00 you just deposited is your transaction? Confirm reply 1, call the Chatong service hotline to reply 2. Reply to STOP to stop subscribing."

Han Yi secretly glanced at the three text messages that popped up at the same time on the phone screen.

Well, I worked hard for a long time and didn't spend a penny.

If Xu Yiru, who was sitting beside Han Yi and was amazed at the sky-high rent, Zhao Youzhen and Madison could hear his inner Versailles monologue, and I wonder what the three girls would feel.

Is this something that normal humans can say?

Multiple insurances for office and internal property continue to be handed over to Nationwide, insurance company at 864 Stratella Road. General liability insurance, commercial asset insurance and network liability insurance are added together. Han Yide is the 1,000th room and here

Several companies pay $3,400.75 per month.

This fee alone is enough for an average company to rent a modern office of about 1,000 square feet anywhere in Los Angeles.

After completing the office space, Han Yi had already completed most of the preliminary preparations. What he had to do next is to wait for the company to pass the review by the Beverly Hills Municipal Government.

Fortunately, the barrister Jordan Bromley did not disappoint Han Yi's expectations. The former has extremely deep and extensive network resources in Beverly Hills. He doesn't need to take action in person when registering a company. He lets Manat Entertainment's assistant lawyer.

I took my handwritten notes to the finance office and the company registration process, which originally took 30 working days, was shortened to one week.

The three companies Han Yi wanted to register were not in the special supervision industry in Beverly Hills and did not need to apply for an additional business license. After obtaining the commercial tax license, he spent $153 to obtain the employer's identity card and paid another $96.

The handling fee for the California Department of Justice as a state-level enterprise registration fee will be officially established.

Han Publishing, Han Music and The Gifted Ones Management, respectively representing the copyright distribution company Han Distribution, record company Han Music, and artist management company management. Han Limited, a family business previously established by Han Yi, is currently in Los Angeles.

The official registered name of the county, wholly owned.

The structure of an artist management company is very simple. Always remember that for an efficient artist team, these three most important roles are: artist manager, legal counsel and business manager.

Managers are responsible for planning and guiding the careers of contracted artists and providing creative and resource support for their success.

Legal counsel is responsible for compliance review and business negotiations, and to seize as much of the benefits as possible for artists without touching the bottom line of the law.

The scope of authority of a business manager is to manage the financial status of the artist and the company to ensure that the artist and the company make sustainable profit distribution and financial investment without violating tax regulations.

The first manager of Renyu Management has been confirmed to be Zhao Youzhen. She will do her best to sign Billie Eilish, FINNEAS and Madison Bill whom she met by chance at the welcome party, so that the artist management company can have assets that can operate and cash.

Whether management will welcome new managers and whether these managers need to report to Zhao Youzhen depends on Xiao Zhao’s own ability.

The capable will work harder, the capable will get more, and the wrists will be strong enough to be taller. Han Yi will not give her any privileges just because of her beauty.

The more beautiful the flowers are, the sharper the barbs they need to survive in the cruel and changeable business world.

Otherwise, it would be easy to return to Seoul to become a prosecutor's daughter.

Although he said this, Han Yi, on the legal counsel, still found Jordan Bromley, a musician, to protect the Korean girl, and ensure that the latter would not have any irreparable major due to lack of experience.

Mistakes.

As for the business manager of the artist management company, Han Yi sent several contact information to Zhao Youzhen, who met these candidates and finally made a choice after negotiating with Han Yi.

The structure of the copyright issuing company is more complicated. Han Yi first needs to look for, the person in charge of the A&R department.

The A&R department of the copyright distribution company has three important job responsibilities: discovering music, managing music and selling music.

In the process of discovering music, A&R managers need to find potential music creators and sign music distribution contracts with them.

The management of music section requires the staff of the A&R department to continuously provide guidance and advice during the creation of musicians - which music is more popular in the market, which styles are the next trend, and which singers are these music

The target customers, these commercialization issues, A&R always knows much more than musicians.

Of course, if creators want to write better music, sometimes A&R may also need to make various attempts, such as gathering its musicians together and finding a picturesque town to create a creative camp

, or pair two composers with similar styles that can produce chemical reactions to create brighter sparks, or contact singers who are interested in cooperating and tailor them directly.

Therefore, although the specific composition, lyrics and arrangement process is completed by the signed musicians, the A&R department does not require less energy and wisdom than them. The presentation of an excellent work is not just the names on the production list.

, and there are A&R staff behind the scenes who are several times more likely to be there.

A&R's last responsibility is to promote the created music. The written score will not be recorded as a master. The A&R managers of the copyright distribution company need to record the music into sample and then send it to different record companies, film and television companies,

Advertising companies or other companies that have a need for original music in order to get the music used.

In recent years, more and more singers have emerged in the industry. For this type of creators, the sales targets of copyright distribution company A&R have changed from music to people. They will bring their creators to visit each other.

The brand has done its best to help them obtain a record contract, so that the copyright of the music in the copyright distribution company can be considered to have a channel for monetization.

From the job description alone, we can see that A&R's pillar role in a music copyright distribution company is indispensable for interpersonal communication skills, product sales skills, and in-depth understanding of the music creation and recording process. Han Yi

We must find an outstanding all-round music elite in order to effectively carry out the core work of Han Distribution.

In Han Yi's plan, the A&R department issued by Han this year should have 3-4 recruitment vacancies, 1 A&R department director, 2-3 A&R managers. The director is responsible for the control and reporting of the entire work process, and other A&R managers

Each person is responsible for several, if it goes well, dozens of music creators will be responsible for, and original music copyrights will be continuously produced.

In addition to the A&R department, Hanfu also needs staff responsible for copyright management and royalty management. Their main responsibility is to register the copyright of music created by musicians and charge different types of fees from music users: mechanical royalty.

, Performance royalties and synchronous royalties are the three most important sources of income for music copyright distribution companies.

For the giants in the music distribution industry like Sony/ATV, copyright management and royalty management are divided into two completely different departments. The former is only responsible for managing the registration and existence of copyrights, while the latter is only responsible for cooperating with each other.

Fanghe Royale Organization charges fees.

These giants do this because their management of dozens or millions of songs are often managed. Such a huge copyright library must be separated and dedicated to their work will not go wrong.

But Han Yi is a newly established new shell after all, and there is no contracted musician so far. Before signing a newcomer or acquiring the music copyright library, there is no need for too many people. Therefore, Han Yi decided to recruit one in the early stage.

The copyright manager is responsible for all work processes. After the subsequent copyright library is gradually filled, then the plan will be made to expand.

In addition, there is another very important component in the music copyright distribution company, which is the Sync department that is specifically responsible for synchronous authorization.

Synchronization license, commonly referred to as sync in the industry, is a license granted by the copyright holder of a specific work, allowing the authorized person to synchronize the music with the pictures of a certain visual media. Translate it in words that people can understand.

, that is, the music that is matched with each frame of the screen needs to be authorized by the copyright owner before it can be used, and this kind of authorization is called synchronous authorization.

TV, movies, advertising, games and even a variety of online new media all fall into the category of synchronous authorization, which is why music copyright distribution companies usually set up a sync department to be responsible for this type of music authorization. Synchronous authorization

The department needs to establish stable cooperation channels with various media companies and their staff responsible for music purchasing, thereby opening another door to wealth for the company's copyright library.

For small distribution companies, the work of the synchronous authorization department is often held by A&R managers, after all, A&R itself has the responsibility of sales. However, what Han Yi wants to create is a way to shake Sony/ATV, Universal Music distribution and

Warner Chappell is the status of the three world-class music distribution groups, and it is even replaced by the industry flagship.

Therefore, copyright management personnel who are deeply engaged in the inward direction can save money, but the synchronous authorization department that is developed outward direction cannot be simplified. Han Distribution must actively contact potential customers from the first day to be able to do so in just seven years.

During time, in line with Han Yi's grand plan, we stood at the forefront of the times.

Three synchronous authorization managers, one is responsible for the film and television sector, one is responsible for the advertising sector, and the other is responsible for the game and new media sectors that have flourished in recent years. This is the infrastructure outlined by Han Yi for the synchronous authorization department.

The same concept is also fully reflected in the planning of the international copyright department. Small and medium-sized distribution companies do not need international copyright departments at all. Generally speaking, they will deliver the copyrights managed by their music to capable of doing it overseas.

The company that issues copyrights management.

Besides Kobalt, the companies that are capable of global copyright distribution are barely able to deal with it, only three issuing groups under Universal, Sony and Warner. Therefore, in the industry, these small and medium-sized issuing companies that have signed overseas agency issuance agreements with the three major overseas agency issuance agreements.

Collectively known as affiliates, i.e. affiliates.

Although it operates independently and audits in the United States, if the income from overseas regions must rely on three major risks, then in this global flat world, the status of these small companies is not much better than that of vassals.

Han Yi does not want Han Issuance to become a vassal, and the balance in the bank account is also confident that he will not do so. Therefore, although the investment in overseas regions was destined to be ineffective, Han Yi still set aside three international issuance managers in the international issuance sector.

Location. One is responsible for Central and South America, one is responsible for the European continent and the United Kingdom, and the other is responsible for Asia.

The all-round independent and arrogant attitude can convey Han's ambitions to everyone in the company, whether they are staff or artists. At the same time, this strategy of not outsourcing any core business can also be used for

The copyright owners Han Yi wanted to attract took a reassurance.

Develop a recruitment plan for the copyright distribution company, and the structure of the record company has become much clearer. Han Distribution needs to provide A&R services to the signed creators, and Han Music also has to provide the same support for the signed singers. Naturally, the record company also has A&R

The existence of the department is just that the A&R of the recording sector focuses more on singles, albums and other derivative products.

What songs should singers collect, what songs should be sung, what kind of songs should be released as singles, and what kind of songs should be included in the album. Which producer should be used for the album, which engineer should be asked to do it later, and the video production team will be responsible for the MV

These details of the shooting require repeated consideration by A&R.

Therefore, like the distribution company, Han Music will also recruit 1 A&R director and 2-3 A&R managers to ensure that the contracted singers can receive meticulous and professional tutoring and support. In addition, the number of recruits from international departments and synchronous authorized departments, as well as each

The business scope of individuals is also consistent with the copyright distribution sector, except that one is responsible for music copyright and the other is responsible for mastering copyright.

Of course, although most departments have similar structures, record companies still have exclusive business segments, and marketing and promotion departments are one of them. Large record companies usually separate marketing departments and promotion departments, and marketing is responsible for public relations and album covers.

Design, promotional videos, advertising, interviews and a series of other digital marketing efforts, while the promotion department has only one task to establish a good relationship with the radio and let the radio play as many singles as possible from the company.

But in Han Yi's view, the further integration of marketing and promotion departments in the music industry is a major trend that will definitely happen in the future. No matter which country or region in the world, the role of streaming media and online exposure is becoming increasingly important.

Strong, the weight occupied by the list calculation formula is getting bigger and bigger, and when the radio station is declining, the promotion method must also be innovative.

Traditional record giants, such as Jimmy Yowen's Interscope, will set up another product management department. In the pre-Internet era, this department was responsible for the sales of physical products such as CDs and cassettes, but these two objects became even more ancient than vampires.

In the early 2010s, their responsibilities also changed. The main job of sales personnel in the product management department is to establish good relations with various streaming media platforms in order to obtain more traffic tilts and have better settlement conditions.

It is clearly a matter of the same business segment, but it has to be done by three departments. This is because the large record companies that are active in the industry have basically been operating continuously for 20 or 30 years, or even longer.

The architecture is bloated and redundant, and many business lines can be described as large and large. The new Han Music will naturally not inherit this problem. Marketing, radio promotion and streaming product management will all be integrated into a brand new marketing and promotion department.

Among them, three "market specialists" will divide the work and cooperate.

Finally, and the most critical point, Han Yi also plans to establish a special channel distribution department for Han Music. Channel distribution is the last step in the music production chain and the most cumbersome step. There are a total of 193 countries and regions in the world,

There are countless websites and apps that provide music streaming and digital download services. What channel distributors need to do is to ensure that the company's music is unified in every region, city, and platform around the world.

The format is listed.

What sounds very simple is very complicated and boring to actually operate. Most record companies do not have the ability to distribute it through their own channels, because the salary and social welfare costs of employees alone can eat up a lot of profit margins.

If it is a sub-label under the three major music groups, the template process is that the label delivers the music to the channel distribution company specially established by the group, and then the channel distribution company will be listed on the pages of each terminal retailer. The revenue generated by the channel and channel

The distribution side usually takes 15%.

In reality, take Jimmy Yowen as an example. The Insterscope Records he founded, 50% of the shares are owned by himself, and 50% of the shares were acquired by Universal Music Group in 1996. If the artists under Interscope want to

Releasing albums in North America, the channel distribution will be completed by Interscope Geffen A&M. You can see from the name that it has been formed by the merger of Interscope, Geffen, and A&M. It is one of the four sub-groups of Universal Music Group and has independent

Mature channel distribution capabilities.

If it is in the UK, Interscope's music will be distributed through channels by Polydo Records. This is also a German record company acquired by Universal Music. It has always had a close relationship with Interscope Geffen A&M. The former has albums in the United States.

The latter is distributed, and the latter's albums in the UK are also handed over to the former for channels. In addition to these two major music consumer markets, the channel distribution work in other countries and regions is completed by the parent group Universal Music.

If an independent record company outside the ecosystem wants to let the three major agents to distribute the business through channels, they must first sign a channel distribution agreement with the group's large record companies, and then these internal record companies will deliver the products to the channels

The whole process becomes: an independent record company - a large record company affiliated to the group - a group affiliated channel distribution company - a retailer.

Are you dizzy?

It's right to be confused. What the three major music groups want is to make the channel distribution process as complicated as possible so that they can eat 15% of the channel share, and then gradually erode the independence of the so-called independent labels, and finally turn it into

They become another eternal rotational gear in the group's invincible chariot.

So, just like the copyright distribution sector affiliates, there is a word in the recording field to describe record companies that rely on channels for large music groups, major-distributed independents, MDI.

Although there have been many independent distribution platforms that are not affiliated with the three major music groups in recent years, such as Belive Music in France and CD Baby in the United States, the share of these distribution platforms is higher, basically around 30%, which is exaggerated.

It can even reach 50%.

Han Yi did not intend to let outsiders earn this money. Channel distribution itself was built up by labor costs, and what he lacked the least was the funds to pay labor costs.

More importantly, this is whether his music business group can truly become the life gate of the fourth force, and the last door to the market If it is guarded by others, it will never be able to be with Universal, Sony and Warner.

A hero in troubled times.

When the last word was typed into the document of Han Music's recruitment plan, Han Yi had been in Room 1,000 for nearly eight hours. As soon as get out of class was over on Monday, he drove back to Xinghui Building. At this time, the hour hand had just passed 4 times The dividing line between the 11th and 12th month, the office seemed unusually empty and silent, and there was almost no other sound except the sound of Han Yi typing on the keyboard himself.

Fortunately, it's almost done.

Because, in the office next to the president's office, warm yellow lights penetrated through the glass curtain wall and hit the walls of the corridor, reflecting a charming figure.

Zhao You, who came from UCLA, was really sitting there and carefully revising the promotion plan of "Ocean Eyes".

This is the first task Han Yi gave her and the first test for her as a manager.

If you succeed, you can sign the first artist in your career and officially enter the music circle that you are fascinated by.

If it fails...

No, there is no option.

Yuzhen, who had been following Han Yi for a long time, had no chance of letting this opportunity slip away for no reason.

List the formula, compare the playback volume in the two weeks before and after the playlist, record the data, complete the annotation, and repeat this hundreds of times.

It was not until the numbers and words in front of him blurred into color blocks that Yuzhen stopped and rubbed his eyes exhausted.

The next second, what appeared in front of her was no longer the black keyboard of the Macbook, but a glass of iced coffee with a fragrant aroma.

(End of this chapter)