Chapter 258 NewJeans
"What do you want from me?" Chairman Jiang withdrew his thoughts, looked at Min Xizhen opposite him, and asked.
She specifically came to inform him in person about her job hopping?
Min Xizhen wasn't sick; it definitely wasn't just about this.
"I want to represent Big Hit and collaborate with DM Entertainment to produce a girl group," Min Xizhen said, looking at Chairman Jiang. She wasn't surprised that Chairman Jiang knew her intentions went beyond that. If Chairman Jiang hadn't guessed, that would have been strange.
"You're already thinking about new projects before you've even started working?" Chairman Jiang's expression was odd as he teased her.
"The resignation procedures are almost done; it's just these two months," Min Xizhen said without changing her expression.
To be able to leave S.M unscathed, it seemed Min Xizhen had paid some price. He just didn't know what she had given up to make Li Xiuman, that old fox, let her go.
Most likely, money?
As for other things... Li Xiuman was almost running away; even if you gave them to him, he might not want them.
"New girl group..." Chairman Jiang pondered for a moment. "Our new girl group has already been produced and will be announced next month. If you want to collaborate, you'll have to wait until next year."
"Already produced?" Min Xizhen's face showed a bewildered expression. "Why haven't I heard about this?"
DM Entertainment wasn't the unnoticed small company it used to be. As the current benchmark in the girl group industry, there hadn't been any news about them releasing a new girl group?
"It's a girl group I led the production of, and the information has been kept under wraps," Chairman Jiang said with a smile.
"Who is the core trainee?" Min Xizhen asked.
"Jeon Soyeon."
Min Xizhen was also stunned when she heard that name.
"Same name?"
"The same person," Chairman Jiang knew who she was talking about and said with a chuckle.
Min Xizhen looked blankly at Chairman Jiang.
"Has the market trend started to favor this type?"
Min Xizhen's first reaction wasn't to question Chairman Jiang, but to question the market trend.
This remark made Chairman Jiang feel a bit helpless.
When he first decided to make Jeon Soyeon the core of the team, there were many doubts about him within the company. On the other hand, Min Xizhen, an old rival, first reacted by believing him and questioning the market.
Tsk.
The one who understands you best is always your enemy.
"No, it's just my second attempt at a concept group," Chairman Jiang shook his head and said.
Min Xizhen's eyes immediately lit up when she heard this.
"You mean... this is also a concept group? Can concept groups have other branches?"
Could concept groups, which can accommodate various styles, still have different types?
"It's just an attempt. You'll understand the specific content when you see the new group," Chairman Jiang said with a chuckle.
Min Xizhen nodded.
"Looking at it this way, we don't need to rush our collaborative group."
Listening to Min Xizhen's words... so she wanted to create a concept group?
However...
"I haven't agreed to collaborate with you," Chairman Jiang said with a light laugh.
"Sixty percent of the revenue + fifty percent of the operation rights," Min Xizhen confidently stated the conditions.
"Seventy percent of the revenue," Chairman Jiang said with a smile. "Big Hit is a startup company and cannot be compared to S.M or JYP."
Even with S.M and JYP, DM Entertainment got five plus five: fifty percent of the revenue and fifty percent of the operation rights. NMIXX was an exception.
"Seventy percent is too high," Min Xizhen frowned and said. Three percent of the revenue was too little money, not even enough for operational expenses.
"You will agree," Chairman Jiang said with a chuckle, looking at Min Xizhen. "You now need a group to establish your company's reputation. As long as you don't lose money, it's a gain for you."
"Girl groups produced by DM Entertainment have never been below third-tier. Even with a third-tier group, the thirty percent revenue you get will be enough for company expenses. And if the group exceeds this limit, you'll profit."
Min Xizhen pondered for a moment.
"I can agree to this condition, but I want to add one more thing: all members of the new group must have their contracts with Big Hit."
This meant that after the contract expired, Big Hit had the priority right to renew it.
"Okay," Chairman Jiang replied with a smile.
Looking at his expression, Min Xizhen vaguely felt something was off, but she couldn't pinpoint what it was.
Chairman Jiang never did business at a loss, unless he was tricked.
But after what happened with YG tricking him last time, it wouldn't be easy to trick him again, so she genuinely wanted to collaborate.
However, Chairman Jiang agreed too readily, which made Min Xizhen somewhat suspicious.
Judging by his style, he wasn't easy to talk to when it came to girl groups.
Before, he almost wanted to monopolize the entire girl group market, but after a severe beating, he let aespa and NMIXX go to S.M and JYP.
Big Hit only had to pay some revenue to easily get the qualification to collaborate on a girl group...
Something wasn't quite right.
But if you asked Min Xizhen what was wrong, she couldn't say. Could it be because of her? She wasn't that important.
"When... can you connect?" Min Xizhen hesitated for a moment but still didn't ask her doubts. Collaboration was a good thing; it was her original request, and the other party agreeing also aligned with her thoughts.
"Anytime," Chairman Jiang smiled. "I've always had a draft for a concept group in my hands. If you want it, I can give it to you after we sign the contract."
"You really do hide a lot of things," Min Xizhen looked at Chairman Jiang with an "I knew it" expression.
"You always need to have a few backup plans these days," Chairman Jiang said with a chuckle, not denying that he had hidden things.
"What's the difference between the three concept groups?" Min Xizhen asked.
"Hmm... the style, I suppose," Chairman Jiang thought for a moment and said.
"Isn't the style of a concept group non-fixed?"
"If it were truly non-fixed, there wouldn't be a core. Concept groups can also have styles, as there are so many styles. A concept for a certain type of style can also form a concept group."
"I understand," Min Xizhen immediately reacted after Chairman Jiang's reminder. "You mean to refine the concept, categorize similar styles, and thus create different concept groups."
"That's right," Chairman Jiang replied with a smile.
"Why didn't I think of that?" Min Xizhen murmured.
"It's not too late to know now," Chairman Jiang raised his hand to wipe the sweat from his forehead. "It's almost noon. Let's go to the lounge to talk."
Min Xizhen came back to her senses and realized that the temperature was indeed a bit high; she also felt some heat.
"Okay."
Chairman Jiang waved to the caddy.
The caddy, who had been waiting nearby, quickly jogged over at the sight.
"President nim!"
"Bring the car over; we're going back."
"Yes!" The caddy immediately bowed, then took out a walkie-talkie and called for the golf cart.
"Does this group you mentioned have a name?" Min Xizhen asked casually, looking at the approaching golf course.
"Yes, it does," Chairman Jiang smiled. "It's called..."
"NewJeans."
