Yuehua Entertainment.
The higher-ups were in a meeting.
CEO Li sat there, at a loss.
The Legend of Sword and Fairy was indeed popular, but it would take a long time to get a return on investment.
And there was a very important factor to how entertainment companies earned money.
Those entertainment companies relied on their artistes to earn money.
If that wasn’t the case, the entertainment company wouldn’t have focused on nurturing their celebrities.
Xia Wanqiu was an artiste from Yuehua Entertainment.
Xia Wanqiu was still the top female artiste of Yuehua Entertainment. Her popularity was very high.
If Yuehua Entertainment wanted to develop, they needed money.
Because no investor was willing to invest in The Legend of Sword and Fairy.
Yuehua Entertainment and Lin Fan jointly invested in the television drama The Legend of Sword and Fairy.
The television drama was indeed successful.
But Yuehua Entertainment’s money had not been earned back.
The company still needed funds to operate.
Once celebrities became popular, such as some girl groups, once they became popular, they would have tons of advertisement deals and participate in all sorts of shows. They could earn a lot of money.
And the company could earn dividends from this money. The company would deduct their share first before distributing the money to the celebrities.
The company might take 20-30% of the earnings. If it was a more unscrupulous company, it might take 70-80%.
In Yuehua Entertainment, the company would take 20% of the artist’s earnings, such as the fees for accepting endorsements and profits.
This was because Yuehua Entertainment required a lot of capital to nurture an artiste. It was only right for them to receive some profits.
The main leads of the extremely popular “The Legend of Sword and Fairy” were Lin Fan, Xia Wanqiu, Su Xiaoyu, Xu Yang, and Lin Jingjing.
There were also a few actors who were not as popular as these five.
Among them, Xia Wanqiu and Su Xiaoyu were the most popular. Lin Fan’s popularity also increased a lot. Xu Yang was also Yuehua’s number one male artiste. His popularity wasn’t low, but because he wasn’t acting as the main lead and was a supporting character, he couldn’t compare to Lin Fan.
Lin Jingjing’s acting skills were not bad, but what she was really good at was singing. She was a singer and many fans liked her singing.
After a television drama became popular, any entertainment company should be able to get their capital back and earn more money.
Yuehua Entertainment was an exception.
The reason was simple.
As the main lead, Lin Fan rejected all endorsements.
Originally, Lin Fan wasn’t Yuehua’s artiste, nor was he Yuehua’s top screenwriter. He was just a nominal screenwriter for Yuehua. Yuehua Entertainment also had to give Lin Fan a considerable contract fee.
If Lin Fan didn’t accept endorsements, the company would lose a lot of income.
Su Xiaoyu was one of their top female celebrities. She did not lack money, so she did not accept any endorsements. The company could not do anything to Su Xiaoyu.
Xia Wanqiu would have accepted many endorsements. She was one of the company’s important sources of income.
However, after Lin Fan appeared, Xia Wanqiu rejected more than twenty endorsements.
The endorsement fees of these twenty-odd companies added up to at least 30 million!
All 30 million yuan had been wasted.
Only Lin Jingjing and Xu Yang accepted some endorsements, but not many companies wanted them to endorse their products.
Right now, it could be said that other than CEO Li, who was supporting Lin Fan and Xia Wanqiu, the other higher-ups on the board of directors had some objections.
“CEO Li, the company nurtures so many celebrities and gives them resources. It’s not to let them sit there. Looking at the big celebrities in the entertainment industry, how many celebrities don’t take on any endorsements?”
“The Legend of Sword and Fairy could never have become so popular without Lin Fan. I agree with this. However, Lin Fan helped Xia Wanqiu reject the endorsements of more than twenty companies and caused the company to lose more than 30 million. What should we do about this loss? Who will make up for the company’s lack of funds?”
“CEO Li, I think we should have a good talk with Xia Wanqiu and Lin Fan. If they want to establish themselves in the entertainment industry, they have to learn to accept some things. Why would anyone not want to earn more money?”
The shareholders said. Of course, they were a little dissatisfied.
After all, they opened a company to earn money.
The television series had become popular now but did not earn any money. Who would not be angry after seeing this situation?
The two top female celebrities of the company did not go out to take on endorsements, and the company still had to spend a lot of operating costs to help promote Xia Wanqiu and Su Xiaoyu.
These shareholders could not say anything.
This was also the reason why entertainment companies usually did not let their female artistes have scandals.
Once there were scandals, it would affect the future of the female artiste and the company’s money.
Seeing so many shareholders angry, CEO Li sighed.
In reality, CEO Li was also under immense pressure.
The company needed money for everything.
CEO Li knew what kind of person Lin Fan was.
Could the company force Xia Wanqiu and Su Xiaoyu to take on endorsements?
If he forced them, Lin Fan could totally build his own entertainment company.
With Lin Fan’s ability, he could create countless popular television dramas and write countless classic scripts.
“CEO Li, although Xia Wanqiu’s popularity has increased a lot, she still has to accept endorsements.”
“Lin Fan keeps saying that he wants to help Xia Wanqiu find new endorsement deals. I’m afraid he won’t be able to find one. He rejected so many endorsements. How can he find an endorsement company?” a few shareholders said.
CEO Li looked at everyone and said, “Alright, we’re having a meeting here today because I just want to let you guys know how important Lin Fan is to the company. Also, Xia Wanqiu and Su Xiaoyu’s backgrounds are not something ordinary people like us can afford to offend.”
“We can only believe in Lin Fan when it comes to endorsements. I’ve already handed the right to handle Xia Wanqiu’s endorsements to Lin Fan. Lin Fan can completely decide what endorsement Xia Wanqiu chooses.”
“If you continue today, what I want to tell you is that I hope you know how deep Lin Fan’s background is.”
“Lin Fan is a major shareholder of a five-star hotel. At the same time, he has the technology building worth billions. The value behind Lin Fan is immeasurable.”
“I’ll put my words here.”
“If any of you dare to force Xia Wanqiu or Su Xiaoyu to take on endorsements.”
“I can guarantee that after their contract period ends, Yuehua Entertainment will lose two big female celebrities, a genius screenwriter, and a genius director.”
“It’s fine if we earn less money. Most importantly we must rope in Lin Fan and Xia Wanqiu. Don’t fuss over money.”
“You have to know what kind of person Lin Fan is. Lin Fan is a screenwriting and directing master. At the same time, he has superb acting skills. His abilities far exceed everyone’s imagination.”
“Do you think such a person won’t be able to help Xia Wanqiu find an endorsement?”
“With Lin Fan around, no one needs to worry about Xia Wanqiu.”
“I don’t want to repeat what I said.”
“Lin Fan is in charge of all the endorsements for Xia Wanqiu!”
