After a few days of searching, Xiao Yuechen chose a record company called Sky.
The assets of this record company did not exceed three million, and it was not well managed. It almost did not produce any decent singers.
First Aunt immediately contacted Sky Records.
When the boss of Sky Records, Zhao Hong, heard that someone wanted to buy his company, he was so happy that he almost jumped up.
He had invested two million Hong Kong dollars in this company, but up until now, although he hadn't lost money, he hadn't earned much either.
He had wanted to make a move a long time ago, but who would want a small company like him?
"Mr. Xiao, this way please." Zhao Hong said in broken Mandarin.
Then, he brought them to visit the recording studio." I invested 1.5 million in this recording studio. This equipment is definitely first-class in Hong Kong.”
After Xiao Yuechen entered the recording studio, she scanned the room. The recording equipment looked pretty good, but compared to the equipment from the 21st century, they were all antiques.
"Can we record a tape here?" Xiao Yuechen asked.”
"Yes, we can not only record tape records here, but we can also record records on vinyls.”
"The equipment to record the records cost me 500,000 yuan!" Zhao Hong said exaggeratedly.”
"The CD will be released this year. In a few years, the vinyls will be eliminated.”Xiao Yuechen thought to herself.
However, this was not the current situation.
In the 20th century, the market share of the phonograph was still very large.
But now, they had already been impacted by the tape records. In a few years, there would be a CD, VCD, and a USB. By then, the market for the black tape would be completely gone.
"What about the distribution company?”Xiao Yuechen asked again.
Zhao Hong looked at his aunt. Seeing that she didn't say anything, he thought to himself that this little brat also had a certain status.
"Don't worry about that.”
"There are many distribution companies now. Just contact them casually. Our company has a complete address book and has commercial cooperation with two distribution companies.”
"Oh, I see!" Xiao Yuechen nodded.
Next, he went to the Sky Corporation office building to take a look. All the relevant personnel were present.
"We don't have much time. Let's talk about the acquisition!”Eldest Aunt said.
The two parties quickly got to the point. Sky Records 'assets were estimated to be around three million Hong Kong dollars.
What Zhao Hong meant was that he would transfer all the shares of Sky Corporation to them for three million yuan.
Xiao Yuechen agreed immediately.
Although the three million miles was definitely a bit exaggerated, he was still satisfied with the facilities of this record company.
According to the exchange rate in 1986, three million Hong Kong dollars was less than 1.5 million Chinese dollars, so Xiao Yuechen was too lazy to care about it.
He just wanted to borrow a chicken to lay eggs. It was too troublesome to start a record company from scratch.
Next was the matter of the lawyer. Both parties signed the agreement on the spot.
100% of the shares of Sky Corporation would be transferred to Xiao Yuechen, and First Aunt would be his guardian.
"First Aunt, tomorrow you will change Sky Records to 'Dragon Records Company'. The company will depend on you to worry about it.”Xiao Yuechen said.
"Dragon Records? What does Soaring Dragon mean?" First Aunt asked in confusion.
"Because we are the descendants of the dragon.”Xiao Yuechen said lightly.
The motherland had been weak for hundreds of years. Did the Chinese people still have confidence?
If he said that he was proud, he would be deceiving himself and others. Then, there would not be a phenomenon of foreign monks chanting scriptures.
Xiao Yuechen had changed the company's name to 'Soaring Dragon' in hopes of awakening the confidence of the Chinese people. However, no one knew how effective it would be.
"Haha! This name is not bad." Eldest Aunt smiled.
The record company's profits were directly linked to the sales volume of the album.
Although the success rate of gold sales (500,000 copies) and platinum sales (1 million copies) was only 5%.
However, the record company kept almost all the profits, and the singer could only get a small portion because the singer only played the role of a voice actor.
For an album, 25% of the packaging fee would be deducted first (although it was rare for the packaging fee to be 25%). In addition, the album might be damaged during transportation, so another 10% would be deducted.
In the future, when the record was turned into a CD, there would no longer be any signs of damage, but it was still preserved and kept…
The royalty rate for each recording contract was set at an extremely low rate from the start, and the company would deduct all kinds of costs they could imagine from the artist's royalties.
Artists had to bear the cost of the record, the cost of video production, the cost of touring, the cost of radio promotion, sales and marketing, the cost of packaging, and any other costs that the record company could deduct from royalties.
Record companies would also deduct royalties by "forgetting" to report sales figures, miscalculating royalties, and forbidding artists from reviewing the company's accounts.
It could be seen that artists nowadays could not guarantee that they could earn money from their record contracts.
They were betting that their album would make it into the top 5% and become a gold or platinum album.
Of course, most artists signed with record companies not to make money, but to become famous.
If they were famous, they could earn some money by holding concerts. If they were very famous, they could earn millions in one concert.
There were also advertisements, commercial performances (at this time in the mainland, it was called walking the streets), and so on. If they developed well, they could even enter the acting industry.
……
Chen Yaosheng used to be the general manager of Sky Corporation. He was still in the same position, but now he was under the management of his aunt.
In the next few days of integration, First Aunt took out 5% of his 30% dividends and gave it to Chen Yaosheng.
After all, he was the professional. First Aunt had no experience in managing a record company.
Chen Yaosheng, who received the bonus, was very motivated. The new boss from the mainland was different from Zhao Hong, who was from Hong Kong.
After receiving the song score provided by Xiao Yuechen, he immediately arranged for someone to play the accompaniment. Once the singers were in place, the recording would begin.
"Boss, this song is really amazing. I guarantee that once the album is released, our company's singers will become famous in one shot.”
Chen Yaosheng patted his chest and said to his aunt.
He did not know that the song and company belonged to Xiao Yuechen.
"Then I'll have to trouble you. Once the singers are in place, we'll record the album."”
"Alright. This is my duty." Chen Yaosheng agreed.
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