The road to the pinnacle of the entertainment industry
Chapter 13 Artist Termination
"How is the company's financial situation?"
Liu Hui asked Huang Jie.
"The working capital is less than 600 million. The company's copyright income this month is expected to be 1200 million, and there are still 12 days to arrive."
"This month's commercial performance income is about 300 million, and the arrival time is uncertain."
"The artist's salary in arrears is about 500 million, and the employee's salary is about 400 million."
"There are still ten days left, and a 1000 million bank loan is due and needs to be repaid."
"There are also expenses for utilities, property, office supplies, equipment maintenance, updates, etc."
"The specific figures need to be asked to the Ministry of Finance."
With only less than 600 million working capital, Liu Hui's head hurt a little when he heard Huang Jie's words.
"How is the mood of the company's employees?"
Liu Hui doesn't care about artists, what he cares about is the company's employees.
When the artist is gone, he can use the system to train more artists. If the employees are gone, that is the real loss of the company.
"Employees' emotions are a little unstable, but they are not as impulsive as artists."
Looks like things aren't that bad yet.
"Huang Jie, notify the finance department and pay the wages in arrears immediately."
"Only pay the wages of ordinary employees, not artists' wages."
"Notify the artists who request to terminate the contract without compensation to wait for me in the conference room, and I will meet them for a while."
"Mr. Liu, the film and television department still has two projects in progress."
"Nearly half of the filming of a TV series has been completed. Not counting the post-production costs, the daily filming costs need to be invested at 10,000+."
"There is another film that has been filmed for eight days and requires an investment of 10,000+ per day."
"If all the salaries of the employees are paid, these two projects may be suspended due to funding problems."
Huang Jie couldn't understand her boss.
An entertainment company doesn't want to keep its own artists first, but gives priority to paying salaries to ordinary employees, and doesn't even care about the movies and TV series that are being filmed.
"Film and television productions suspended."
"Give me their script and proposal, and I'll take a look at it again."
Liu Hui doesn't know the specifics of these two projects, so he needs to re-examine them.
Now the company's funds are tight, if the quality of the project is not up to standard, and the film is a bad film, there is still time to stop the loss in time.
In the conference room, more than [-] artists were waiting for Liu Hui's arrival.
"Sister Feng, isn't it a little too much for us to do this?"
"What's too much about it? We are exercising our rights according to the law. Who made the company owe us one month's wages."
The one who spoke was Yan Yifeng, the biggest second-tier entertainer of Xinghui Entertainment.
Two months ago, people from Shengshi Entertainment found her.
Everything has been negotiated with Shengshi Entertainment.
There are still two years left in her contract with Xinghui. If it weren't for the huge termination compensation in front of her, she would have thrown herself into the arms of Shengshi Entertainment long ago.
Yesterday she received news from Shengshi Entertainment.
The company was unable to pay wages within the time limit stipulated by the labor arbitration.
This is how she led the artist to force the company to the palace today.
"Sister Feng, I still don't feel very good. After all, the company has trained us."
"So what if we are trained? We have also made a lot of money for the company over the years."
"Why stay in this dead company now that we have better places to go?"
Yan Yifeng persuaded the artists around him.
This can be regarded as Yan Yifeng's sincere words.
She has been in the position of a second-tier artist for eight years, and the resources of Xinghui Entertainment have been unable to push her to a higher position.
After being recruited by Shengshi Entertainment, she gave up Xinghui without hesitation.
Walking into the conference room, Liu Hui looked at the artists in the conference room.
Yan Yifeng, Chi Shang, Zhang Mingming...the pillars of the company's artists were all present, even the three little freshmen who were selected to sing the day before yesterday were also there.
Seeing Liu Hui come in, the noisy voice in the conference room gradually quieted down.
"Every artist in the company, Xinhui has spent a lot of effort in cultivating you."
"When the company encounters difficulties, you can't help each other in the same boat, but are still here to persecute the company."
"You are not ashamed! Ashamed?"
Liu Hui spoke upright and loudly in the meeting room.
Hearing Liu Hui's words, several artists in the conference room lowered their heads in shame.
Seeing this situation, Yan Yifeng stood up hastily.
"Mr. Liu, you don't have to be so domineering."
"The company trained us, but we also made a lot of money for the company."
"Today, we are exercising our rights according to the law."
"The company's delay in arrears of our wages has reached the requirement for labor arbitration."
"We don't want to get to the point where labor arbitration is ripping off the face."
"I hope Mr. Liu can agree with us to terminate the contract without compensation."
Behind Yan Yifeng was Shengshi Entertainment's support, facing Liu Hui, she no longer had any politeness or concerns.
"It's just that you are in arrears of one month's wages. It's not that you won't pay it. It's just a few days late. You don't need to do this."
Liu Hui said softly.
Seeing the tough Liu Hui's tone suddenly soften, Yan Yifeng was a little worried that the artists who came with her would soften their hearts.
"Mr. Liu, let's be honest. Those of us don't care about one or two months' wages. It doesn't matter to us whether we pay or not."
"We've found a better place to go."
"If the company does not agree to our request to terminate the contract without compensation, then we will go through the labor arbitration procedure, which will only waste our time and the company's time."
"Mr. Liu, give us a straightforward decision, should we terminate the contract without compensation, or go through labor arbitration procedures?"
"They all found a better place, I think it's Shengshi Entertainment." Liu Hui sneered inwardly.
According to the normal termination of the contract without compensation, the arrears of wages need to be paid off.
Liu Hui's few words made them willing to give up their wages in arrears.
His goal has been achieved, and he doesn't want to talk to them any longer.
"Since you have found a better place and are willing to give up the wages owed to you by the company, then I will not make it difficult for you."
"Huang Jie, you inform the legal department to allow three days to terminate the contract without compensation."
"During these three days, all artists signed by the company to debut are free to terminate their contracts without compensation."
"We only need artists who are committed to the company."
After speaking, Liu Hui turned and left the meeting room.
Liu Hui's words startled Huang Jie.
"As long as the artist is willing to give up the salary owed by the company, can he freely terminate the contract without compensation?"
"If you do this, all the artists in the company will run away."
"A company without artists, is it still called an entertainment company?"
"This boss may be a genius in terms of songwriting, but how can he be an idiot in terms of company management?"
Thinking of this, Huang Jie couldn't help shaking his head.
Hearing Liu Hui's words, Yan Yifeng was ecstatic.
She originally thought that labor arbitration was the only way to go, Shengshi Entertainment even formed a team of lawyers for them.
She didn't expect that Liu Hui would be so forthright that he wouldn't embarrass them.
"Is this Liu Hui's head confused?"
"What if he wakes up and regrets it?"
Thinking of this, Yan Yifeng hurriedly said loudly to the artists around him:
"Follow me, everyone, and go to the legal department to cancel the contract immediately."
The artists who originally wanted to make a big fuss in the company didn't expect things to end like this.
Liu Hui asked Huang Jie.
"The working capital is less than 600 million. The company's copyright income this month is expected to be 1200 million, and there are still 12 days to arrive."
"This month's commercial performance income is about 300 million, and the arrival time is uncertain."
"The artist's salary in arrears is about 500 million, and the employee's salary is about 400 million."
"There are still ten days left, and a 1000 million bank loan is due and needs to be repaid."
"There are also expenses for utilities, property, office supplies, equipment maintenance, updates, etc."
"The specific figures need to be asked to the Ministry of Finance."
With only less than 600 million working capital, Liu Hui's head hurt a little when he heard Huang Jie's words.
"How is the mood of the company's employees?"
Liu Hui doesn't care about artists, what he cares about is the company's employees.
When the artist is gone, he can use the system to train more artists. If the employees are gone, that is the real loss of the company.
"Employees' emotions are a little unstable, but they are not as impulsive as artists."
Looks like things aren't that bad yet.
"Huang Jie, notify the finance department and pay the wages in arrears immediately."
"Only pay the wages of ordinary employees, not artists' wages."
"Notify the artists who request to terminate the contract without compensation to wait for me in the conference room, and I will meet them for a while."
"Mr. Liu, the film and television department still has two projects in progress."
"Nearly half of the filming of a TV series has been completed. Not counting the post-production costs, the daily filming costs need to be invested at 10,000+."
"There is another film that has been filmed for eight days and requires an investment of 10,000+ per day."
"If all the salaries of the employees are paid, these two projects may be suspended due to funding problems."
Huang Jie couldn't understand her boss.
An entertainment company doesn't want to keep its own artists first, but gives priority to paying salaries to ordinary employees, and doesn't even care about the movies and TV series that are being filmed.
"Film and television productions suspended."
"Give me their script and proposal, and I'll take a look at it again."
Liu Hui doesn't know the specifics of these two projects, so he needs to re-examine them.
Now the company's funds are tight, if the quality of the project is not up to standard, and the film is a bad film, there is still time to stop the loss in time.
In the conference room, more than [-] artists were waiting for Liu Hui's arrival.
"Sister Feng, isn't it a little too much for us to do this?"
"What's too much about it? We are exercising our rights according to the law. Who made the company owe us one month's wages."
The one who spoke was Yan Yifeng, the biggest second-tier entertainer of Xinghui Entertainment.
Two months ago, people from Shengshi Entertainment found her.
Everything has been negotiated with Shengshi Entertainment.
There are still two years left in her contract with Xinghui. If it weren't for the huge termination compensation in front of her, she would have thrown herself into the arms of Shengshi Entertainment long ago.
Yesterday she received news from Shengshi Entertainment.
The company was unable to pay wages within the time limit stipulated by the labor arbitration.
This is how she led the artist to force the company to the palace today.
"Sister Feng, I still don't feel very good. After all, the company has trained us."
"So what if we are trained? We have also made a lot of money for the company over the years."
"Why stay in this dead company now that we have better places to go?"
Yan Yifeng persuaded the artists around him.
This can be regarded as Yan Yifeng's sincere words.
She has been in the position of a second-tier artist for eight years, and the resources of Xinghui Entertainment have been unable to push her to a higher position.
After being recruited by Shengshi Entertainment, she gave up Xinghui without hesitation.
Walking into the conference room, Liu Hui looked at the artists in the conference room.
Yan Yifeng, Chi Shang, Zhang Mingming...the pillars of the company's artists were all present, even the three little freshmen who were selected to sing the day before yesterday were also there.
Seeing Liu Hui come in, the noisy voice in the conference room gradually quieted down.
"Every artist in the company, Xinhui has spent a lot of effort in cultivating you."
"When the company encounters difficulties, you can't help each other in the same boat, but are still here to persecute the company."
"You are not ashamed! Ashamed?"
Liu Hui spoke upright and loudly in the meeting room.
Hearing Liu Hui's words, several artists in the conference room lowered their heads in shame.
Seeing this situation, Yan Yifeng stood up hastily.
"Mr. Liu, you don't have to be so domineering."
"The company trained us, but we also made a lot of money for the company."
"Today, we are exercising our rights according to the law."
"The company's delay in arrears of our wages has reached the requirement for labor arbitration."
"We don't want to get to the point where labor arbitration is ripping off the face."
"I hope Mr. Liu can agree with us to terminate the contract without compensation."
Behind Yan Yifeng was Shengshi Entertainment's support, facing Liu Hui, she no longer had any politeness or concerns.
"It's just that you are in arrears of one month's wages. It's not that you won't pay it. It's just a few days late. You don't need to do this."
Liu Hui said softly.
Seeing the tough Liu Hui's tone suddenly soften, Yan Yifeng was a little worried that the artists who came with her would soften their hearts.
"Mr. Liu, let's be honest. Those of us don't care about one or two months' wages. It doesn't matter to us whether we pay or not."
"We've found a better place to go."
"If the company does not agree to our request to terminate the contract without compensation, then we will go through the labor arbitration procedure, which will only waste our time and the company's time."
"Mr. Liu, give us a straightforward decision, should we terminate the contract without compensation, or go through labor arbitration procedures?"
"They all found a better place, I think it's Shengshi Entertainment." Liu Hui sneered inwardly.
According to the normal termination of the contract without compensation, the arrears of wages need to be paid off.
Liu Hui's few words made them willing to give up their wages in arrears.
His goal has been achieved, and he doesn't want to talk to them any longer.
"Since you have found a better place and are willing to give up the wages owed to you by the company, then I will not make it difficult for you."
"Huang Jie, you inform the legal department to allow three days to terminate the contract without compensation."
"During these three days, all artists signed by the company to debut are free to terminate their contracts without compensation."
"We only need artists who are committed to the company."
After speaking, Liu Hui turned and left the meeting room.
Liu Hui's words startled Huang Jie.
"As long as the artist is willing to give up the salary owed by the company, can he freely terminate the contract without compensation?"
"If you do this, all the artists in the company will run away."
"A company without artists, is it still called an entertainment company?"
"This boss may be a genius in terms of songwriting, but how can he be an idiot in terms of company management?"
Thinking of this, Huang Jie couldn't help shaking his head.
Hearing Liu Hui's words, Yan Yifeng was ecstatic.
She originally thought that labor arbitration was the only way to go, Shengshi Entertainment even formed a team of lawyers for them.
She didn't expect that Liu Hui would be so forthright that he wouldn't embarrass them.
"Is this Liu Hui's head confused?"
"What if he wakes up and regrets it?"
Thinking of this, Yan Yifeng hurriedly said loudly to the artists around him:
"Follow me, everyone, and go to the legal department to cancel the contract immediately."
The artists who originally wanted to make a big fuss in the company didn't expect things to end like this.
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