Although it was extremely painful, after an all-night discussion, Tiancheng Entertainment Company finally and urgently determined the final bottom line of compensation and the expected value of negotiation, and raised funds to go to Yuexiang Entertainment for further negotiations.
However, Tiancheng Entertainment cannot make any profit from Yuexiang Entertainment Company in this poaching, so the conditions offered to Man Jie and Zhu Zhuo are naturally not as good as promised before.
After all, Tiancheng was truly spending a fortune on these two. If it weren't for their immense popularity and the apparent resurgence of the idol market, which had led to the huge profits Tiancheng was looking to capitalize on their popularity to boost attention and popularity for a new idol group, they wouldn't have been willing to part with such a large sum of money.
After the Yuexiang Entertainment company's downfall, these two unrecognized artists, without any backing, couldn't possibly be unstoppable. They had to pay a portion of this substantial sum themselves. If they couldn't come up with it now, they would have to sign a debt agreement with the company. Consider it a loan from the company, and they would have to pay it back every penny through hard work.
Skycity Entertainment wasn't worried that this breach of promise would affect the overall poaching situation. After all, the two trainees had no other options.
Given the way the woman at Yuexiang Entertainment was behaving, it was practically impossible for them to return and have a promising future. Switching to another company? Not to mention the connections and relationships at Tiancheng Entertainment, the letter of intent they had signed with Tiancheng Entertainment forced them to compromise!
So, after seeing the trending searches on their phones and computers about Yuexiang Entertainment trainees being poached, Man Jie, Zhu Zhuo, and their families immediately panicked. Didn't Tiancheng Entertainment say there would be absolutely no problems? What was going on with this trending search? Seeing so many fans' emotional questions, both families were a little scared. What if... it ruined their reputations! How could they continue to make money as celebrities?
However, when they urgently contacted Tiancheng Entertainment to ask them to deal with these trending searches, they heard a somewhat perfunctory and dissatisfied reply from the Tiancheng Entertainment staff who had previously contacted them. They also informed them of something.
Yuexiang Entertainment threatened Man Jie and Zhu Zhuo's reputations, demanding they pay the full amount of liquidated damages and compensation. Otherwise, they would publicly sue them for their job-hopping and release damaging information. The previously agreed-upon contract between Tiancheng Entertainment and Man Jie and Zhu Zhuo was no longer valid. Man Jie and Zhu Zhuo would have to shoulder a significant portion of the compensation and make certain concessions to Tiancheng Entertainment regarding profit sharing and the length of the contract.
The sudden change in attitude of Tiancheng Entertainment Company left Manjie and Zhuzhuo's families completely dumbfounded. How could this be completely different from what they had said before!
How could things have come to this!
Bringing their lawyers and the personnel from the previous two negotiations, the Tiancheng Entertainment team returned to Yuexiang Entertainment with a completely different attitude. In particular, the previously arrogant negotiators now lowered their heads, their tone uncomfortably flattering. They apologized for their previous disrespectful behavior and hoped that Yuexiang Entertainment would reduce the penalty for breach of contract, allowing Man Jie and Zhu Zhuo to successfully complete the normal business transaction.
Seeing the previously arrogant and even aggressive manager, now forced to apologize and seek concessions from Su Yin on the price, everyone at Yuexiang Entertainment felt incredibly relieved! You were so arrogant before, and now you're trying to negotiate the price nicely?
This face is so funny.
After two days of negotiations, Tiancheng Entertainment finally reached an agreement with Yuexiang Entertainment to pay the liquidated damages and compensation to Man Jie and Zhu Zhuo. They also demanded that Yuexiang Entertainment not publicly comment on the two individuals' job-hopping or disclose details of the contract termination to the outside world, to protect the reputations of the individuals and Tiancheng Entertainment.
Reluctantly signing the final compensation agreement, the people from Tiancheng Entertainment left Yuexiang Entertainment in disgrace. Before they could even go downstairs, they heard bursts of cheers coming from Yuexiang Entertainment, which made them angry, resentful, and ashamed.
Standing under the building of Yuexiang Entertainment Company, the people of Tiancheng Entertainment Company looked back at the office building again, secretly thinking that they must find a chance to get revenge in the future!
Although he felt he'd suffered a huge loss this time, Tiancheng had already made plans. Leveraging the popularity of these two, he could easily replicate Yuexiang Entertainment's ingenious operations. When the time came, he would definitely deal with Yuexiang Entertainment and give them a good slap in the face! Especially this woman!
It turned out that just as Tiancheng Entertainment Company signed the compensation contract and promised to transfer all the liquidated damages and compensation to Yuexiang Entertainment Company's account this month, Su Yin walked out of the conference room and announced to the company staff outside that all employees of the company would receive red envelopes this weekend!
This caused all the company's employees to burst into joy! It sparked such a huge cheer. It wasn't meant to mock the people at Tiancheng Entertainment, but of course, it could have been intentional.
The specific amount is confidential information. Most people in the company do not know about the transfer of the two trainees, Man Jie and Zhu Zhuo, and how much money the company actually received.
Only a few high-ranking officials and lawyers knew that these two trainees hadn't spent any money on Su Yin back then, and the subsequent expenses, if shared among each person, would not exceed a few million at most. This time, she earned back the money.
160 million yuan in funds!
Seeing the other party finally sign the contract, the few senior executives who knew the specific amount even secretly suspected that this was the reason why Su Yin had received the news that the trainees and their families had been in contact with other entertainment companies but had kept it to herself and only told them to make relevant plans.
The money earned from terminating the contract was more than the company's revenue from the previous year! A terrifying thought even crossed their minds: if someone else wanted to poach them later, they could actually... switch a few more people.
Yuexiang Entertainment also promptly released an announcement on various platforms: "Since signing artists Man Jie and Zhu Zhuo, the company has accompanied their growth and experienced a wonderful time. Now, due to disagreements with Yuexiang Entertainment's artist management philosophy, the two artists have officially terminated their contracts with Yuexiang Entertainment for the sake of further career development. Yuexiang Entertainment will continue to strive to create the best idol artists."
Tiancheng Entertainment immediately announced the acceptance of Man Jie and Zhu Zhuo on their platform, urging everyone to look forward to their future development. Tiancheng Entertainment will definitely provide them with the best resources and career planning.
Man Jie and Zhu Zhuo also used their social media accounts to thank Yuexiang Entertainment for its past cultivation, and emphasized their trust in Tiancheng Entertainment Company and their expectations for its future development.
Saddened fans, despite constantly expressing their gratitude to the two companies and their respective platforms, have finally come to terms with the situation as time passes. After all, they were already mentally prepared. Furthermore, the trainees themselves wanted to switch companies, and Joyful Entertainment had already agreed, so what else could they do?
Fans who really like them can only bite the bullet and continue to support them. And pray that the new company can treat these two kids better, work hard, and never let them fall.
While some fans expressed disappointment and dissatisfaction with Yuexiang Entertainment over this incident, the majority of fans remained rational, as Yuexiang Entertainment failed to see any wrongdoing. Many of the two's former fans also stopped following them and returned to the six remaining trainees and the company's new trainees.
Su Yin was in her office, looking at the funds arriving in the company's account, watching Man Jie and Zhu Zhuo anxiously expressing their loyalty and retaining fans on social platforms, and Tiancheng Entertainment Company, which was widely promoting the fact that they had taken over the two artists Man Jie and Zhu Zhuo, wondering what kind of resources would be brought in the future. There was no excessive expression on her face.
So, although there was still a slight regret in her heart, Su Yin's mood quickly returned to calm. She made a lot of money this time.
The people of this world have never seen the speed at which idols fade into obscurity without subsequent variety show appearances and productions. They have also never seen the terrifying speed at which a wave of idols emerges and quickly eliminates the old ones.
Indeed, at this point, many people still didn't realize that the popularity of these two seemingly thriving, pre-debut idols would plummet much faster than they imagined. And what kind of turbulent times would the idol market be in the coming years?
Only by witnessing future developments will these idols and entertainment companies know how delicious and how unpalatable the idol market is.
Whether an idol artist is a hit isn't determined by the company's ample funding, resources, or strong backing. Just how effective will the promises of supporting roles in films, starring roles in TV series, duets with A-list artists, and concert guest appearances from Skycity Entertainment have been for these two?
She waits and sees.
On the other hand, this incident also served as a warning to Su Yin. Because the other party was only a medium-to-large entertainment company, they didn't have the power to choke Yuexiang Entertainment in other ways, such as directly asking major video websites like Grape Video and M Station to throttle, block, and remove their content, or even control the influence and trending searches on several social media platforms. That's why Su Yin dared to issue such a decisive ultimatum.
She had only achieved a small amount of success. In this vast entertainment industry, her company had at best only grown from a small organism to a fish in the ocean. There were still many behemoths and deep-sea monsters lurking on the seabed, standing in their way and perhaps one day devouring them in one gulp!
She must be more cautious and work harder to strengthen herself until she becomes a giant beast that no one dares to touch easily.
Regardless of what the outside world speculated, Yuexiang Entertainment and Tiancheng Company publicly handed over the contracts of Man Jie and Zhu Zhuo, although it caused some waves among fans and other entertainment companies.
But overall, the contract was terminated peacefully without causing any major disputes.
Yuexiang Entertainment also directly announced the debut date of the remaining six trainees, which is on the 6th of next month. All the debut work is running in an orderly manner.
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