Chapter 41 Copyrights of 10 million songs acquired!

Ten days later, Ning Nanshi finally brought back good news. Nearly 40% of China's original singers signed contracts with YY Entertainment.

In order to prevent their works from being pirated and to ensure their future interests, these singers took the initiative to lower their copyright fees, helping Ye Xuan save a lot of money.

Afterwards, YY Entertainment Company waved huge sums of money and spent a full 2.5 billion to acquire digital music and other copyrights of nearly 10 million original songs across the country, which accounted for more than 30% of the market!

If some time passes, the copyrights of these songs will definitely appreciate to tens of billions!

The name of YY Entertainment has spread throughout the music industry. Many people are trying to figure out the background of the company's boss. Although some music platform bosses have also received the news, they are still waiting and watching...

Next, Ye Xuan made another big move.

YY Entertainment announced the establishment of a rights protection department, hired hundreds of elite lawyers at high salaries, and sent lawyers' letters to those music platforms that are still reprinting and playing songs whose copyrights have been acquired.

For a moment, the entire music industry seemed to have experienced an earthquake, and many news media began to report on this major news that was enough to change the rules of the music industry.

For a time, a wave of discussion about genuine and pirated products swept the Internet.

…

…

In the southern suburbs of Shanghai, in a well-known club called Xianglanhai, more than a dozen bosses in suits and ties were chatting together.

These people are all giants in the music industry, and several of them are chairmen of well-known Chinese music platforms.

But everyone looked unhappy, smoking cigars silently, and the atmosphere in the box seemed a bit depressing...

"Old Liu, how's the situation over there?" A middle-aged man raised his head, glanced at the person sitting on the sofa opposite, and asked in a deep voice.

"Humph, I've received more than ten lawyers' letters in the past two days. The negative reputation of the platform for pirating music has spread, and the traffic has plummeted. If things continue like this, the advertising fees for the next quarter will have to be reduced by at least half!"

Both of them are in the business of running music platforms, earning at least 1 billion yuan a year from advertising fees. Now that the copyrights of their original songs have been acquired by YY Entertainment, the number of plays has dropped by nearly 30%, and the former rivals have become brothers in distress.

"You guys are still lucky. My Yuexun music platform is going to close down soon... Damn YY Entertainment, they actually played this trick on us. Who knows the background of their boss?"

"Alas, you guys who run music platforms still have your old foundation to support you, but two of my pirated factories in the south have already closed down! The CEO of YY Entertainment is really ruthless, someone brought the police directly to my factory!"

The man who was speaking was the boss of a pirated disc business. Before the copyright market was not regulated, he could earn at least tens of millions every year. But now YY Entertainment Company was buying up copyrights on a large scale, which directly pushed him into a dead end!

Blocking someone's financial path is like killing their parents. YY Entertainment's series of actions were so swift that these people didn't even have time to react.

Many bosses are also considering whether to copy the business model of acquiring copyrights, but they are unwilling to spend so much money to acquire copyrights. They are extremely depressed and indecisive.

Moreover, the price of music copyright has increased significantly recently due to the actions of YY Entertainment.

"Stop arguing. YY Entertainment wants to break the industry rules and control the entire music market. Does it have so much money? Each of you is worth more than 1 billion yuan. Are you so upset just because you lost such a small amount of money?" An old man in his 50s stood up, picked up his walking stick and knocked hard on the marble coffee table a few times.

Everyone turned their eyes to him. The old man cleared his throat and continued, "We are all businessmen. There are so many copyrights on the market. No matter how big YY Entertainment's appetite is, it is impossible for it to swallow up the whole cake!"

"Mr. Xiao, do you mean... drag it on?"

"Yes, let's just hold him back and wait until YY Entertainment runs out of funds, then we'll see what he does!"

"With so many of us, we can afford to delay him!"

The old man who spoke was very prestigious, and everyone was willing to listen to his advice, but what these people did not expect was that a month later...the first ones to be dragged to death were themselves!

…

…

One month later,

Hotel Geman.

A meeting of senior management of Ye Group was held.

The conference hall on the middle floor of the hotel, which could accommodate more than 300 people, was packed.

Everyone present here holds the position of director, general assistant or above.

At nine o'clock in the morning, Ye Xuan, dressed in a neat suit, walked into the conference room with Ning Nanshi. More than 300 senior employees fell silent.

Ye Xuan walked up to the front platform and casually placed the prepared folder on the table in front of him.

"Please sit down. Most of you here probably haven't actually seen me, right?"

Ye Xuan's eyes roughly swept across the conference hall.

The whole person exuded the majestic aura of a superior.

Many senior executives were shocked.

What an amazing power, even stronger than the old chairman!

Think about it again, the new chairman had just taken office and had used a series of powerful tactics to directly fire several senior executives, and then he had the upper hand in front of the shareholder alliance, making all the shareholders embarrassed, and it was rumored that the major shareholder Jiang Jianqiu was killed by the new chairman.

Taking all these into consideration, this new chairman is definitely not a good person.

Thinking of this, all the senior executives sat up straight and their expressions became much more serious.

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