Silicon Valley

Korea SM Entertainment Co., Ltd. (S.M.Entertainment) is a large-scale artist planning and brokerage company in Korea. It was founded in 1989 by Lee Soo-man, who was born as a singer. It is the entertainment company with the largest scale, strength, popularity and influence in Korea. Its name SM is the abbreviation of Star-Museum in English, which means star museum, hall of fame. NCT and so on.

SM Entertainment has a super star-making ability, known as the star-making factory and the birthplace of Hallyu. It is the first company in Korea to establish a creative system, which includes four stages of selection-training-production-marketing . This system, which has been strictly implemented for 20 years, is also regarded by SM Entertainment as its core competitiveness. And this is a key point that Henry especially values ​​SM Entertainment.

The British Financial Times once summarized: SM Entertainment is the only company in the world that completes the process from discovering talents to cultivating and then recording content! Its founder Lee Soo-man's influence on SM Entertainment and the Hallyu world is Like Steve Jobs to Apple or the IT industry!!!”

Kim Dae-jung, launch an acquisition action against SM immediately! Henry ordered.

Yes, Your Majesty! Jin Dazhong replied in a deep voice.

In 2000, SM Entertainment was listed on Kosdaq in South Korea, with a market value of 790 billion won, or about 690 million U.S. dollars. For a local tycoon like Henry, this amount of money was simply ignored, and it was just a drop in the bucket.

The news that CJ Group proposed to acquire SM Entertainment quickly spread in Korea and caused a huge sensation.

CJ-E\u0026amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; At the level, it has fully developed into one of the most competitive entertainment media groups in Korea and even in the world. CJ-E\u0026amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; The business system includes distribution, TV program production, concert planning, and digital media services. Its brand programs M! Countdown, Super-Star-K, Wide Entertainment News and so on have already become the most popular Korean music entertainment programs among fans in Asia. The most appealing M Asian Music Awards (MAMA) under CJ-E\u0026amp;amp;amp;amp;amp;amp;amp;amp;M was held in Hong Kong, China, with more than 2 billion audiences worldwide. The largest, most influential and authoritative music awards ceremony!

The combination of SM Entertainment and CJ-E\u0026amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; With the help of amp;M's media platform resources, the word super must be added in front of the title of star factory! Moreover, CJ Group is the property of Henry Williams, that is to say, as long as you become an artist of CJ Group, you will have the help of all the companies under the name of Henry Williams. From then on, the stage of artists will no longer be limited to South Korea , but the whole world! ! !

All of a sudden, the stock price of SM Entertainment skyrocketed, and its market value increased by 95 billion won!

Artists or trainees of SM Entertainment were overjoyed when they heard the news, and they wanted CJ Group to acquire SM Entertainment.

In the dance room.

Captain Taeyeon, do you want SM Entertainment to be acquired by CJ Group?

Yun'er, what do you think?

Of course I hope. Next year, our group 'Girls' Generation' will debut. At that time, we will definitely get much more promotional resources than now. And... The girl named Yun'er spoke with her spirit. Looking around with his eyes, he said in a low voice, SM Entertainment signed a 5-year performing arts contract with us. It's really unreasonable. The profit is 70% for the company and 30% for the individual. And The income here is only the income from the album, and the income from peripheral products and other activities belongs to the company. In other words, the first 5 years are almost nothing for the company! Hmph, these entertainment giants know how to squeeze us out Artist's residual value! After finishing speaking, she pouted with anger on her face.

At this time, the door of the dance practice room rang suddenly, and the captain Taeyeon immediately made a silent gesture, and said in a low voice: The dance teacher is here, stop talking!

Um……

At this very moment, a meeting is taking place in the conference room of SM Entertainment.

Although Lee Soo Man is the founder, he is not the legal representative and president of SM Entertainment, he is just a shareholder and production director.

The president of the company, Kim Young-min, sat at the head of the meeting room, and said, CJ Group CEO Kim Dae-jung proposed to acquire SM Entertainment at a price of 35,050 won per share, totaling 800 million US dollars. What do you think?

Li Xiuman pondered for a while, and said, It's a good choice for SM Entertainment to join forces with CJ Group, and the price offered by the other party is also very good!

Director Li is right, I also agree to accept the acquisition of CJ Group!

The rest of the shareholders also expressed their support. For these shareholders, CJ Group bought SM Entertainment at a premium of US$110 million, which is a huge profit. Why not sell it?

After the shareholders meeting, SM Entertainment contacted CJ Group to accept its acquisition.

Soon, the two parties signed an acquisition agreement, and then held a press conference to announce the matter to the outside world.

At this time, there was a commotion within SM Entertainment, and everyone was excited about the news.

Everyone, come here. Please listen to me. At around 3 o'clock this afternoon, Mr. Kim Dae-jung, CEO of CJ Group, will come to SM Entertainment for an inspection. In addition, His Majesty Williams may also come to our company. So, everyone must behave well A little bit, you know? Li Xiuman is still the production director of the company, managing the company's affairs.

As soon as he finished speaking, everyone was extremely surprised and showed expressions of disbelief.

Wei, His Majesty Williams is also coming to SM Entertainment to inspect the work?! Oh, my God, I'm going crazy with excitement! Aunt Xue, hurry up and help me with my makeup, give me the best makeup!!!

In a short time, all the beauties went to the dressing room to put on makeup...

Li Xiuman looked at the empty hall, shook his head and smiled: The charm of His Majesty King Williams is really incomparable!

Three o'clock in the afternoon.

Henry did come to SM Entertainment along with CJ Group CEO Kim Dae-jung.

Walking into SM Entertainment is like walking into the company with the most good looks in Korea, where the men are handsome and the women are beautiful.

Welcome His Majesty Williams and Mr. Kim Dae-jung to SM Entertainment!

Li Xiuman took the lead, and the main leadership of the company and well-known artists who had already debuted bowed to them one after another.

You are Mr. Li Xiuman, who is well-known in Korea, right? I am very glad to meet you! Mr. Li Xiuman has contributed a lot to SM Entertainment's development into the largest entertainment company in Korea! Henry smiled and stretched out his right hand.

Thank you for your praise, Your Majesty, but this is not due to me alone, but the result of the joint efforts of everyone in SM Entertainment! Li Xiuman said modestly.

Hearing this, Henry smiled and nodded slightly.

Director Li, let's talk while walking, I just happen to be not very familiar with SM Entertainment, so please give me a brief introduction to the company...

OK!

(to be continued ~^~)