"Senior Wang Yueheng, I really want to join your company."
"I simply can't afford the penalty for breach of contract. If I can earn enough money after my official debut..."
"If you still welcome me then, I will definitely terminate my contract with Kakao and join your company..."
IU then raised her head, her previous disappointment and gloom gone, replaced by a bright and cheerful smile.
She had already made up her mind.
Even if they officially sign a contract with Kakao Entertainment, the longest agreement will be five years, and the penalty for breach of contract will be kept to a minimum.
I must find a way to earn enough to cover the breach of contract penalty within five years and prove my ability.
Then he went to seek refuge with this genius singer and entertainment company boss.
"Just for what you said, I'll pay the penalty for breach of contract for you, and then I'll poach you."
"I don't have the patience to wait that long for a good artist member..."
Seeing that the girl in front of him was truly speaking from the bottom of her heart, Wang Yueheng smiled slightly and said.
"What…"
IU was stunned once again, staring at Wang Yueheng in disbelief.
"But... that's a penalty of 3 billion Korean won..."
“If I don’t earn that much money back… I mean, I can’t guarantee when I’ll be able to earn that much money…”
Lin Zhien was momentarily speechless, unsure whether she should get agitated or advise Wang Yueheng to calm down.
"But let me make it clear beforehand that our entertainment company is just starting out."
"We have no experience in developing our business in South Korea, and currently we only have one artist working in South Korea."
"But I can guarantee that if you sign with Hengxue Entertainment, I will release at least one album for you every year..."
"I personally tailored the two lead singles for each album for you."
"As for other promotional benefits, our company also collaborates with Tencent and Douyin Group. You should have heard of these two companies."
"Right now, the company only has two artists working in South Korea. So, all our promotional resources in South Korea will basically belong to the two of you..."
"Of course, before you terminate your contract with Kakao, I will send you the agreement here in advance so that you can choose whether to sign with Hengxue Entertainment."
Wang Yueheng stared at Lin Zhien, whose expression was complicated, and continued to introduce her with a smile.
In the Asian market, regular albums are generally referred to as "big albums," and they have a special album design style and promotional posters.
The songs that are mainly promoted in the album are called "title tracks," which can be considered the flagship tracks of the album.
There are usually one or two such main tracks.
For top-tier singers, an album might even have four or five main tracks.
For most newcomers, having one hit song that gets popular is already considered a great success.
Contestants like Wang Yueheng, whose every song is a classic masterpiece, are extremely rare and unique.
"Thank you... thank you, Senior Yue Heng... I don't know what to say..."
"If I can join Hengxue Entertainment, I will definitely give it my all!"
Upon hearing Wang Yueheng's promise to her, IU became even more excited.
My heart felt like it was being churned by a raging storm, and tears streamed uncontrollably down my cheeks.
That's over ten million Chinese yuan in penalty fees!
The other party actually agreed to pay for it without saying a word!
He also promised to release an album for himself every year from now on, with songs written specifically for it...
Even Psy, the star of tonight, probably wouldn't receive such treatment!
"In that case, I'll leave this matter to you."
"If we can leverage Tencent's influence to reduce some of the breach of contract penalty from Kakao, that would be even better."
After confirming that IU was willing to join his studio, Wang Yueheng turned to look at Mo Zixue and said.
At the same time, remind the other party not to forget to use their status as a shareholder of Tencent to put pressure on them.
The exorbitant breach of contract penalties imposed by Kakao Entertainment are typically standard clauses used when artists take legal action against each other.
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