Chapter 159: Immediate Payment, Xingyao Bankruptcy
Chi Mu was stunned. Kill Xingyao Entertainment?!
Xingyao Entertainment is the most powerful entertainment company in the country. Can it be brought down so easily?
Chi Mu thought about it in his mind, but did not delay. He immediately followed Cheng Ye's request and posted a job update on Weibo, indicating that he was willing to accept the recruitment.
He was very nervous, afraid that netizens would attack the Weibo comment section.
Although they have the advantage in public opinion, many keyboard warriors don't care so much and have done a lot of things to confuse right and wrong.
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Star Entertainment.
Artists who are still working take time out of their busy schedules to check out the trending searches on Weibo.
Whether Xingyao can survive directly determines their future development.
Despite being exploited by the company, they have no better choice.
For them, terminating the contract, paying the penalty, and joining other entertainment companies with less promising development prospects are not the best options.
All artists, including employees, are extremely nervous about the latest developments on Weibo.
Until they saw the recruitment information released by Cheng Ye’s company, they were stunned.
Help pay the penalty?
real or fake? !
Some artists began to waver.
Before Cheng Ye's company, Xingyao Entertainment undoubtedly had the best development prospects.
But after this incident, most people felt that Cheng Ye’s company had a good chance of surpassing Xingyao Entertainment.
With this in mind, many artists secretly dropped their work and planned to go to Cheng Ye's company to ask him face to face.
Assistant Chi Mu had already arranged for his subordinates to wait downstairs in the building.
As soon as we find any artists from Xingyao Entertainment coming, we will notify them immediately.
Chi Mu, who was outside the office door, received a call from his subordinates, and they immediately agreed to let these artists enter the building.
Chi Mu was secretly excited. The boss was so smart. Xingyao Entertainment was facing a crisis, so he took the opportunity to poach employees. It would be much easier to poach employees than when there was no crisis.
Artists are most panicked at this time.
Assistant Chi Mu hurried into the office and told Cheng Ye something, then he hurriedly pulled three personnel officers to arrange for these artists to meet and discuss the signing matters.
President He Wen and the senior executives who were being interrogated in the police station knew nothing about this.
The artists did not make it public. The operations, finance and other staff at Xingyao Entertainment did not directly deal with the artists and did not notice the artists' rebellion.
As for the agents who directly deal with the artists, they have been managing the artists for a long time. Thinking that Xingyao Entertainment would have a hard time surviving this crisis and that Cheng Ye's company could pay the artists' liquidated damages for free, they couldn't wait to go to Cheng Ye's company, all wanting to ask if they could sign them at the same time.
The liquidated damages for agents are not as high as those for artists, but it is still not a small amount.
After getting Cheng Ye's permission, Chi Mu felt relieved to sign them in.
It takes time for artists and their agents to get used to each other. Even if they are not signed, they will have to be assigned new agents. Instead of spending money and time to find new agents, it is better to use ready-made ones.
Chi Mu looked at these people with a smile and completed all matters related to the contract together with the three personnel personnel.
All that was left was to notify Xingyao Entertainment to terminate the contract.
His eyes wrinkled with smile. Xingyao Entertainment had cultivated artists for so many years, and now the boss just picked them up ready-made. It was so cool!
Thanks to the boss's foresight, he did live broadcasts, endorsed advertisements, published pictures, texts and short videos, etc., and earned sufficient original funds for the company.
Otherwise, it is simply unrealistic to pay so much penalty at once.
Having good ideas and matching them with the corresponding abilities is the only way to sign them without any pressure!!
Chi Mu was so excited that he couldn't express it in words. This would completely destroy the industry giant Xingyao Entertainment, and it had poached so many high-value artists from Xingyao.
Doesn't this mean that the boss's company is a rising star? The top entertainment company in the country? !
Thinking of this, Chi Mu quickly reminded them, "Xingyao Entertainment is not just about you artists, there are still a lot of artists who haven't come here yet. If you are satisfied with our company, I believe the boss will lead you to the pinnacle of your life."
Chi Mu cleared his throat and said with a smile: "You can recommend our company to them and help them get out of their misery as soon as possible."
"But there is one thing you must remember. Before you sign the contract with us, don't spread the news. After the contract is signed, I will take you to Xingyao to cancel the contract and help you pay the penalty on the spot."
The artists and their agents could not hide their joy.
The contract of Cheng Ye's company can be said to be a conscientious contract in the industry. The net profit earned is divided equally, unlike Xingyao which exploits their interests.
Moreover, it is clearly written in black and white in the contract that as long as they sign the contract, they will help pay the penalty.
The contract is legally binding after being stamped and signed, so they have no worries at all.
Such a good thing, they are naturally happy to strongly recommend other artists under Xingyao Entertainment to sign with Cheng Ye’s company.
They looked very happy, assured Chi Mu that they would strongly recommend it, and then returned to Xingyao Entertainment quietly.
Two o'clock in the morning.
The president and senior executives finally ended the police's interrogation and investigation of them, and paid the taxes and late fees in one lump sum.
They were exhausted and just wanted to go home and lie down to rest.
As a result, assistants and subordinates bombarded their phones with calls.
He Wen and the others answered the phone, and their sleepy heads were suddenly struck by lightning! !
"Nearly 90% of the company's artists have defected and signed with Cheng Ye's company?! They also came to Xingyao Entertainment under the leadership of Chi Mu, waiting for us to come back so that they can complete the contract termination?!"
He Wen's face was red, orange, yellow, green, blue, and purple. He seriously suspected that he was not only hallucinating, but also his mind was not clear.
Cheng Ye poached nearly 90% of the artists?!
How can it be!
It's impossible!
In order to prevent artists from leaving the company, he stipulated a high penalty for breach of contract! !
He Wen could still understand two or three artists.
But there were more than 500 artists in the company, and Cheng Ye poached more than 450 of them at once.
This is equivalent to indirectly hollowing out Xingyao Entertainment.
Xingyao relies on these artists to make money, and with so many artists poached, how can Xingyao Entertainment continue to operate? !
He Wen was so angry that the senior executives behind him were all at a loss.
The assistant added tremblingly on the phone, "Boss He, at this critical moment, I dare not joke about this. Who would have known that Cheng Ye would accumulate a huge cash flow in a short period of time, which is more than enough to pay the penalty for breach of contract of these artists."
"In addition to the artists, their managers also defected."
He Wen was horrified, "How can this be! Cheng Ye is so bold! He actually poached so many of my girls?!"
"No, he can't possibly have so much money." After He Wen's anger, he immediately calmed down, "He is 100% just pretending to be rich."
The top executives were panicked, but they calmed down after hearing He Wen's words.
Even at its peak, Xingyao Entertainment would not have been able to generate enough cash flow to pay such a large amount of liquidated damages in one go.
Could it be that Cheng Ye wants to pay in installments? !
He Wen's expression eased. He sneered for a moment. Want to pay in installments? No way!
Not only does it require a one-time payment, but it also requires him to be paid immediately!
Substituting fixed assets of equal value is not an option either!
For these liquidated damages, he only wants 100% of his bank deposits!!
Thinking of this, He Wen and others rushed to the company.
Not seeing Cheng Ye, He Wen was furious, "Where is Cheng Ye?"
Chi Mu replied: "Boss He, it's 3 a.m. now, our boss is of course sleeping and resting."
Sleep and rest?
He Wen and the others were extremely upset. They were so worried and anxious, but Cheng Ye was sleeping peacefully? !
Feeling insulted instantly, He Wen wished he could tear Cheng Ye into pieces.
He Wen's assistant calculated the liquidated damages for all artists and agents, "a total of 570.13 billion yuan."
"Chi Mu, go back and tell Cheng Ye that if he doesn't have the ability, he shouldn't try to be brave." He Wen laughed, "I don't accept installments, nor do I accept any other assets of equal value as a substitute."
"Either pay the full amount in one go, or get out of the company!!" He Wen's voice was full of sarcasm and disdain.
The artists and agents present at the scene suddenly felt a pang in their hearts.
They looked anxiously at Chi Mu, who hoped to change their fate.
Chi Mu's face was calm as he took out a black gold card from his pocket and said, "Boss He, our boss has never thought of paying in installments."
He Wen's pupils suddenly shrank. He stared at the black gold card in Chi Mu's hand and gritted his teeth. "I lied without thinking! I admit that Cheng Ye has business talent, but how long has Cheng Ye's company been established?!"
"It can't even be done in half a year, where did the 570 billion yuan in deposits come from?!"
He Wen laughed and said, "I think you won't cry until you see the coffin. Come on, bring the POS over."
The staff rushed over with the POS machine.
After He Wen took it, Chi Mu handed over the black gold card.
The side of the card is swiped across the POS, and a prompt sound indicating successful payment is heard instantly.
He Wen was shocked. The payment was successful?!
The mood of the senior executives hit rock bottom.
"Mr. He, please sign your name on the official document of contract termination and stamp it with Xingyao's official seal."
He Wen's face turned pale. The other party had already paid the money, and he had no choice but to sign and stamp the document.
Chi Mu put away the documents with a smile, "Now that the matter is settled, I won't bother you anymore. Goodbye, Mr. He."
The artists and their agents felt relieved, as if the stone that had been weighing on their hearts had finally been lifted.
They happily followed Chi Mu and left Xingyao Entertainment.
He Wen was furious and clenched his fists. He was not willing to accept that Cheng Ye had brought the listed company he had devoted half his life to to survive!
"Mr. He, what should we do? The company's stock price can't fall any lower. We won't make any money even if we sell the company's stock."
"Yes, the company is unable to operate normally, and it will take time and energy to continue to train new artists."
"Alas, I just paid the tax and the company has become like this."
He Wen frowned tightly, "Fortunately, we got a huge amount of liquidated damages, which can help the company survive the difficult times."
Once the company has gotten through the difficult period, he will find an opportunity to take revenge!
"Something terrible has happened!" The assistant ran over, sweating profusely.
He Wen is so annoyed.
As soon as he heard that something bad had happened, he had a premonition that the matter was very serious.
The assistant said bitterly: "Boss He, the company's employees are on strike, and they all want to terminate their labor contracts with us."
"Haha, they can afford the penalty?!"
The assistant said awkwardly, "Boss He, we only set huge liquidated damages for artists and agents. For other ordinary employees, we have never paid much attention to them and have never agreed on liquidated damages."
The monthly salary of ordinary employees is only a few thousand or tens of thousands of yuan, unlike the salaries of artists and agents, which can easily reach hundreds of thousands or even millions.
They don't take ordinary employees seriously, nor do they care about the meager money they earn from liquidated damages from ordinary employees.
Hearing this, He Wen was furious. "You mean, even if they resign, we can't do anything about it?!"
The assistant nodded and said, "Yes. Mr. He, our company has just paid taxes and late fees. We don't have much cash flow and are at risk of bankruptcy at any time."
"The liquidated damages we received today can make up for our cash flow, but if all our employees go on strike, the company will not be able to operate normally even with the support of cash flow."
He Wen was annoyed. "It's just a lack of labor. It won't lead to bankruptcy."
The assistant hesitated and sighed, "Those entertainment companies that we once suppressed are now suppressing us in turn."
"What?!" He Wen's eyes widened in anger, and he almost cursed, "You are so cold-blooded and heartless to suppress Xingyao when she is at her most vulnerable time!!"
"Mr. He, I have investigated and found that Cheng Ye bribed the presidents of these entertainment companies, so they are united in suppressing us."
He Wen's heart almost stopped because of the depression in his chest.
Now that Xingyao Entertainment is in danger, deliberately suppressing it at this time is tantamount to trying to bankrupt Xingyao Entertainment completely.
I didn't expect Cheng Ye to be so thoughtful and want to kill Xingyao without giving him any chance to survive.
He Wen sat on the ground in confusion, his mind filled with the news that Xingyao Entertainment was about to go bankrupt.
He absentmindedly instructed his assistant, "Put all of the 570 billion yuan in savings into the company. I don't believe they can successfully suppress it."
The assistant's voice was even more desolate, "Boss He, it's not just those entertainment companies, Cheng Ye's company is the backbone."
"Cheng Ye blatantly stated on his social media account that anyone or any company that cooperates with Xingyao Entertainment is an enemy of Cheng Ye's company."
When He Wen heard the bad news, he was shocked.
The top brass had any glimmer of hope left, but it was all extinguished at this moment.
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Chu family.
Early the next morning, Chu Xiyan saw the news about Xingyao Entertainment's bankruptcy. She felt mixed emotions and her mood was indescribable.
Yesterday, Xingyao Entertainment was in a serious crisis, and now it has gone bankrupt?
Chu Xiyan pursed her lips and hurriedly called the housekeeper to confirm the authenticity of the news.
Three minutes later, after confirming the reliability of the news, Chu Xiyan sat on the sofa in a daze, not coming back to her senses for a long time.
She smiled at herself. Cheng Ye, whom she once looked down upon, had now established a company and directly replaced Xingyao Entertainment.
Thinking that Cheng Ye’s girlfriend was Jiang Mian, Chu Xiyan felt extremely upset.
But what to do, she fell in love with Cheng Ye.
Cheng Ye’s gentleness will only be reserved for Jiang Mian. It would be great if his gentle side could be revealed to herself.
Chu Xiyan somehow took out the love letter she had written to Cheng Ye from her pocket.
She had written this love letter a few days ago, but had never had the chance to send it.
Chu Xiyan secretly swore that she would be brave for once and personally deliver the love letter to Cheng Ye! !