"So I'm asking why it was disbanded.
Strong influence in East Asia, including Japan, China, and Korea,
If there's a reason why we disbanded a group that had a dedicated fandom, stable income, and everything else, it would be because it would be a huge risk for us."
Two gazes clash in the invisible void. Like two beasts tumbling and tearing at each other, a young man's curiosity about the reasons for that incomprehensible choice intertwines with a man's ambition to somehow maintain the upper hand in negotiations, burning red.
"......."
The silence that followed
"I'm sorry, but I can't comment on that. It's an internal matter."
"This is something related to the group we will be taking over. It is unprecedented.
"It's a huge transfer in the entertainment industry. I believe we have the right to know about any related information."
He is in the mount position, pounding his opponent down, and each word he delivers flies menacingly across the long wooden table.
"Director Baek, have you heard the saying, 'Keeping your promises is the key to success'? It's the old saying, 'Keep your promises when you see profit right in front of you.' I believe there's no saying more foolish than that. Faced with the choice of accepting Chinese capital and dramatically expanding the company's size, we chose profit over loyalty, unlike the saints of old. More than anyone else, we're perfectly grounded in the spirit of capitalism."
"And that capitalist spirit was something that could not have been anticipated until the cultural policy of that country. This world
"The person who believes in the spirit of capitalism more than anyone else has been dealt a blow by the socialist empire of the East."
His eyes briefly sparkle as he sips his coffee, covering his mouth, which has lost its smile.
"That's right. It's like WoEnter is only focusing on the North American market."
"Certainly, if you exclude large capital, I feel that the North American market is stable in terms of stability, legitimacy, and other aspects. By the way, could you possibly arrange a meeting for each member? Even though they are a complete girl group, I think it would be right to meet them both in terms of legitimacy and practicality."
"I'll put you in touch with the person in charge. Considering the requests you've received so far, I'm willing to accommodate this at any time."
"I will take that as a compliment for your detailed words."
The harsh words are now just becoming familiar.
"Regarding copyright issues, I'd like to ask what happens to the shares of the songs released so far."
A piece of paper placed in front of you.
1. In the contract, Party A is specified as the subject of the contract, Party B is specified as the subject, Party wo enm.
2. Regarding the songs included in the albums released during IZ*ONE's activities (Color Eyes, Heart Eyes, and 5 others), Party A owns the rights to use them and transfers them to Party B.
3. Party A has a 40% stake in the profits generated from this.
...........
"I have a fundamental question: isn't a 40 percent return too much? May I ask how you arrived at the number 40?"
Before admiring the blatant over-the-top promotion, the issue that needed to be addressed was profitability. Despite my desire to relaunch the product at any cost, the company is staunchly pursuing profit. This meant proving both the benefits of bringing in IZ*ONE and its profitability was a difficult task.
"Excluding the capital required for normal activities, large entertainment companies like ours are said to generate around 70% of their profits as a result of expanding their infrastructure. Of that 70%, we believe we can claim around 40%, considering that we have created a profitable model through the process of producing, promoting, and distributing these songs, and that we are helping to continue the legacy of IZ*ONE."
"So, if I may ask again, are you saying you'll take a 40 percent stake without any involvement in production, promotion, or distribution? As I mentioned, the projected profits from related activities are in the 500 billion won range. If you're planning to slurp down 200 billion won without even touching it, then I'll stop here."
"40% of the time, I'll bet on the top spot for nominations in entertainment and broadcasting related to st."
"If it's 30% related activity support, I'll accept it without hesitation."
"I can guarantee that without the help of wo enm, IZ*ONE would have difficulty regaining its former status. What do you think about the same conditions at 38% as a concession between companies in the same industry? If you don't like this, then we have no choice but to meet others. We want a continued relationship with wo enm, so we are here now, accepting these losses."
"36%, anything more than that would mean we would have to accept losses, so I hope you make a wise decision."
