hollywood billionaire

Chapter 63 Inside Directors
"A car, of course...always a car."

Hearing Zhao Youzhen's answer, Han Yi couldn't help laughing, and rubbed his temples with a bit of a headache.

At this moment, the two have arrived at Manat Entertainment's global headquarters on the 2024th floor of No. 17, Century Park. The front desk politely and enthusiastically invites them to the president's office.Presented with a glass of iced Americano and a can of Coke that Jordan Bromley specially entrusted to the administrative staff to prepare for Han Yi, they still need to wait for a while in this spacious semi-open office space.

Han Yi and Zhao Youzhen arrived earlier than the agreed time. When they arrived at the Manatt Entertainment office, Jordan Bromley was giving an annual report to Ms. Donna Wilson of the Manatt, Phelps & Phillips law firm.Donna Wilson is the firm's chief executive officer and managing partner, with oversight of each of its affiliated firms.

Yes, even Manatt Entertainment, which can be regarded as the premier law firm in Hollywood, is actually only attached to Manatt, Phelps & Phillips, a division specialized in legal affairs related to the entertainment industry.

The headquarters are directly responsible for giant customers such as AT&T, Intel, New York University, Toyota North America and Facebook.Any single one of them is more than ten times larger than Sony Pictures, the largest client of Manat Entertainment.

Jordan Bromley's agency hierarchy stops here.Going further up, NBC Universal, a multinational conglomerate with an annual revenue of 285 billion US dollars, although a considerable part of its business belongs to the entertainment industry, is no longer a client that Jordan is qualified to be responsible for.Only for some cases related to music copyright business, the headquarters will transfer Jordan to the New York office at 7 Times Square for collaboration.

The intricate and complex context of the North American capital circle can also be seen from the structure of the law firm Manatt, Phelps & Phillips.

When you feel that you have reached the apex, there will always be a god looking down from a higher place.

"What they want to buy is not a sports car, but a means of transportation." Zhao Youzhen explained, "This way they don't have to borrow mom's car every time they go out."

"Tell Billy and Phineas to save their money, go to the supermarket to buy more food and drink, and then renovate the recording studio at home. For the next album, just a TLM103 will definitely not be enough. "

Han Yi pointed to the mobile phone that Zhao Youzhen was holding, and said with a smile.

"I'll take care of the car issue."

"You want to help them buy a car?" Zhao Youzhen raised his eyebrows in surprise.

"As you said, it's not a sports car anyway, it's just a means of transportation."

Han Yi said while typing information in Whatsapp.For him now, as long as it is not a collection of Ferrari 250 GTO level, other models do not need to look at the price at all.Buying a car is as easy as buying a fried chicken.

Why not give away a new car worth tens of thousands of dollars and quickly shorten the relationship between myself and Billy and Phineas?

More importantly, Han Yi also wanted to confirm one thing with this consumption.

If you spend money on a car for your artist, is it considered a career investment?

Spending money on two very special girls, Xu Yiru and Zhao Youzhen, can get rewards, but what about ordinary partners?
Tens of thousands of dollars to try out a new mechanism is also good.

"Erica - long time no see. I need a Bentley Bentayga, please choose a suitable color for me. Thank you very much."

"Hi, Yi! Sure, no problem, how about this one?"

Within a minute, Erica Schroer sent a reply with a photo of the backyard parking lot.

"Windsor blue body, royal blue interior."

"OK, that's it." Without asking the price, Han Yi made the decision directly.Anyway, it was used as a business car for Fei Yamu and Jian, so there is no need to worry about so many details, "In addition, I want to choose a car for my artist as a gift, it doesn't have to be O'Gara's collection, I want to Listen to your advice."

"A boy or a girl?"

"Actually, a girl and a boy, siblings."

"Push my phone number, or I can come and visit," Erica replied. "I'll help them find the car they like...even if they don't know what they like."

"I have no doubts about it. Thanks again, Erica. I'll ask Jamal to talk to you about the payment."

"Available anytime."

"It's done." Han Yi put down the phone in his hand, breathed a sigh of relief, and smiled at Zhao Youzhen.

"Being your artist seems to be a very happy thing." Zhao Youzhen wanted to persuade Han Yi to stop the consumption from the perspective of company management, but after thinking for a while, the girl finally didn't speak.She knew that this side of Han Yi was actually his greatest charm.So, Yuzhen just nodded slightly, and answered softly.

"Unhappy to be a partner?"

Han Yi blinked narrowly.

"I see... what car do you want?"

"Hahaha, it's so funny." Zhao Youzhen said in a toneless voice, and even more expressionless on his face, "I have a car."

"But I've never seen you drive it."

"Because I don't go anywhere." Zhao Youzhen tilted his head and thought for a while, "So, buying a car seems to be quite a loss."

"No, I have to go everywhere now." Han Yi corrected with a smile, "You have only tried one out of ten thousand restaurants in Los Angeles."

Zhao Youzhen found that when he opened his mouth to speak now, he had to think about more and more things, and the time for thinking became longer and longer.After a while, she decided to swallow the phrase "you're driving anyway" that she almost blurted out, and changed the subject.

"Putting aside the matter of buying a car, it would be better to spend the funds from the company's account for the promotion of this side."

"I understand that Chase Bank has already opened three company accounts for us. I asked Fernando...my private bank manager to transfer 150 million US dollars to the three companies. Copyright distribution company 35, artist management company 15, and the remaining 100 million is on the record company's side, after all, the record company's operating expenses are much more."

Han Yi could naturally hear Zhao Youzhen's implication, he nodded and replied like this.From the beginning of his rebirth, Han Yi has been using the services of Chase Bank. The six private bank managers are responsive to every request, so that he has almost nothing to worry about in terms of daily financial income and expenditure.Such a pleasant cooperation experience prompted him to open a company account with Chase.

And what Fernando Gonzalez prepared for Han Yi was undoubtedly Chase Bank's highest-end corporate account - a platinum business account.

There is no handling fee for the first [-] transfers, and there is no limit to the number of electronic deposits and wire transfers.At the same time, within the monthly statement cycle, the four highest amount of outward transfers are also exempted from any fees. This is very practical for Han Yi, after all, there will be many large transfers that he will need to perform in the future.

Not only that, Fernando Gonzalez also presented Han Yi with three years of free use of Freshbooks, an online financial management system for corporate customers. Income and expenditure details, employee salaries, and even electronic invoices can all be used with one click generate.These seemingly trivial details can actually significantly improve the operating efficiency of an enterprise, especially for Han Yi, the three newly established music start-up companies.

Even if you haven’t found your favorite financial management team, it doesn’t matter. After recording a few necessary initial investments through Freshbooks, and then handing them over to the accounting team who joined the company later, the three companies will not have any problems in terms of auditing and taxation.

"When the funds arrive, I'll transfer your $1 playlist promotion fee through the company...should be enough."

"It's enough, even a bit too much." Zhao Youzhen thought for a while and replied, "Even for the playlist with the highest traffic, the monthly asking price is only five hundred dollars, and the vast majority of playlist creators only ask for about $[-] to $[-], some people don't even ask for money... because I didn't talk to them about the fee in the first place. I talked to them as an independent musician, and most people are very willing Supporting grassroots artists, I am also particularly interested in this novel way of online promotion."

"Very smart, Youzhen." Han Yi gave Youzhen an appreciative look.

"No matter how much money you have, you have to save money." Zhao Youzhen pursed his lips and smiled, "There are still many places where money is needed behind the company."

"Yes, did I tell you before..."

"Sorry, Yi."

Before Han Yi finished speaking, the glass door of the office was suddenly pushed open, and Jordan Bromley, who was covered in beads of sweat, was swept in like the wind.

"I'm late, the annual inquiry from the law firm is always very detailed."

"Not at all, Jordan, we came early." Han Yi raised his hand and looked at the Patek Philippe on his wrist. At this time, it was actually 03 minutes before the agreed 30:7 in the afternoon.He smoothed the folds of his suit with his hands, stood up, turned his head sideways, and introduced to Jordan Bromley.

"This is Ms. Zhao Youzhen, the partner manager of Renyu Management."

"Hello, Mr. Bromley, I have known you for a long time." Zhao Youzhen followed Han Yi out of his seat, and extended his hand to Jordan Bromley in a graceful manner.

"Hi, Ms. Zhao, it's an honor to meet you."

If it were 20 years ago, or even ten years ago, Jordan Bromley, who was full of surprise, would have to praise Zhao Youzhen for his youth and beauty.But unfortunately, this is the United States in 2016. Any compliment about appearance between strangers of the opposite sex can easily be mistaken for sexism or gender prejudice.Therefore, despite all the praise in his heart, Jordan Bromley still only spit out a simple greeting.

"Need another drink? I've got a whole bar right here."

Jordan Bromley opened the small refrigerator on the left side of the desk and asked with a smile.Although he talked about the bar, Jordan only took out a bottle of VOSS mineral water for himself.This is understandable, except for whimsical Hollywood movies, no good lawyer dares to drink while meeting with clients.

"No, thank you." Han Yi sat down, adjusted his cuffs, and asked casually, "Where's Thomas?"

"Oh, I asked him to come over at four o'clock." Jordan pointed to the door. "My idea is that before he arrives, let's talk about your ideas."

This sentence instantly made Jordan Bromley express his position-Diplo is a client, and Han Yi is also a client, but Jordan obviously wanted to let the latter understand that he was in this Mana by asking for opinions in advance. In the internal transactions of special entertainment, who is more biased.

This move might have a psychological effect on ordinary people, but Han Yi didn't feel the slightest fluctuation in his heart.After the painful lessons of the previous life, there is a natural defense and vigilance against any similar negotiation methods.

Who knows what the real situation is like?Jordan Bromley can meet with him half an hour earlier, and of course he can talk to Diplo a day earlier.Making everyone feel that they have taken advantage of it and obtained help, so that everyone can act according to his plan and pace. This is a unique skill honed by elite lawyers.

"Okay... that's right." In order to explain his subtle attitude, Han Yi deliberately pondered for a moment, "UTA, ​​did you notify the specific time of the next board meeting?"

"UTA's board of directors generally meets every six to eight weeks."

Jordan Bromley looked at Han Yi thoughtfully, and said slowly.

"The first meeting of the year was held on February 2, the second meeting was on March 2, and this time... it was scheduled for Monday, May 3." Jordan glanced at the work schedule on the computer desktop , Said, "At that time, the board of directors will add three new internal director seats in accordance with the acquisition resolution, leaving them to Han and Baihui."

"I noticed that UTA now has nine directors."

Han Yi took a sip of Coke, thought for a while, and then continued.

"The chairman of the board of directors, two vice-chairmen, CEO, COO, plus four heads of core business sectors as internal directors. The three new seats we have should be the first batch of non-incumbents since the establishment of UTA. Director."

"That's right." Jordan nodded slightly, "UTA is a privatized company, and because of the particularity of the industry, it doesn't really need independent directors. Even if the three new directors enter the board of directors as representatives of investors, in fact Strictly speaking, they are also considered inside directors.”

"Understood." Han Yi touched the corner of his lips with his index finger and asked, "What is the nomination and election process for new directors? Do I need to send them the nomination list in advance?"

"It can be done about two or three days in advance." Jordan explained, "Because it is nominated by investors, there is basically no complicated process. Although UTA will vote anonymously as usual, it must be unanimously approved... Is there a favorite nominee?"

"Of the three director seats, one should be reserved for Le Pen as the representative of Parkway Capital, and it depends on who they appoint as the director."

Speaking of this, Han Yi subconsciously glanced at Zhao Youzhen beside him.

"As for the other two positions, I need to think again."

In order to further consolidate the foundation of his identity and give himself a higher exposure and voice in the industry, Han Yi has decided to make himself one of the nominees.But who should the other person choose is what Han Yi has to struggle with.

Looking at it now, it has been less than two months since he started investing in the entrepreneurial plan, and he seriously lacks a core management team. At present, there are only two people he can really trust.And between these two people, no matter who he chooses, there are concerns that make him hesitate.

"No problem, just send me the list directly, and I can submit it for you."

After typing away on the keyboard, jotting down work related to the board meeting in the calendar, Jordan Bromley followed up with questions.

"So, let's talk about Mad Decent... What specific plans do you have for the label, Yi?"

"If possible, buy a majority stake. Even if Thomas is unwilling to release so much, it should be at least 40.00%... 50/50 is fine. If it is lower than this share, I might as well look at other investment opportunities." Han Yi He replied without thinking, this plan has been hovering in his mind for a long time, "At present, I only want to acquire Mad Decent's record section, event section and peripheral section. He can keep the copyright distribution section separately, but the record company must To exist as a subsidiary label of Han Music, all press releases need to focus on 'Han Music Acquires Mad Decent'."

"Why do you want to keep the copyright distribution?" Jordan asked while recording on the computer, "Mad Decent's music copyright library has a clean ownership relationship, and it is a good investment target for you... According to what you have said before and According to the plan I disclosed."

"The first tranche of music copyright acquisition must be a real big shot."

Han Yi raised his index and middle fingers and said seriously.

"For the first acquisition, it is best to break the price of [-] million US dollars and reach an agreement with a legendary superstar, so as to achieve a sensational effect in the copyright trading market. Moreover, I don't want to directly acquire an entire copyright distribution company, just like I did with As you said, Jordan, what is my purpose?"

"Transform the personal-to-capital agreement relationship into a company-to-company." Jordan smiled expectantly, "I understand... Regarding this point, do you have any specific candidates you want to contact? You can start contacting immediately."

"This list of mine can't be said to be candidates, but... anyone on the list can sell it." Han Yi folded his arms around his chest and breathed a sigh of relief. You send out a list. It would be great if you knew all of them."

"I dare not say anything else, Yi. But in the music circle, there is no superstar I don't know."

Jordan Bromley responded with a smile.

"So, back to Mad Decent, let's sum it up. 40-50% or more of the equity, only the acquisition of the record company, live events, music peripherals and mastering copyright, music copyright distribution is excluded... Are there other conditions? ?”

"Some details are up to you to finalize, such as when the sub-label should send the report to the parent company, which position the sub-label's operation director should report to, and how to further integrate the channel distribution business in the later stage. ...These should be done according to the operating system of the three major groups, you should be familiar with it."

"no problem."

"There is another condition that I must add to the acquisition agreement - after the acquisition is completed, Mad Decent needs to expand the scale of activities of the block party, a live performance brand. Not only in terms of the number of sessions, but also in terms of the number of people."

"My side will reach a performance investment agreement with Mad Decent separately through Han Capital. I will contribute the capital and they will manage it."

"Understood, what scale do you want them to achieve?"

"The traditional Block Party mode with less than 3000 people should be expanded to [-] this year. Not only in the United States, Canada, the United Kingdom, the Netherlands, Belgium, Spain, Italy, Germany, and even China, Japan, and South Korea, there should be Block Party events." Party appeared. "Lean On" was so popular last year, it is a good time to take advantage of the development."

"In terms of large-scale events, I hope to create a brand similar to Mad City, which combines several different styles of block stages. If there are 5 people who enter the venue every day, it will take about two or three days. It should be a good start."

"As for the city..."

"New York, or Las Vegas. Personally, I prefer the latter."

(End of this chapter)