The shopping mall is like a battlefield. The game of bloodlessness is played in all dimensions. In order to establish prestige, Song Ya treats Russell Simmons very savagely and unreasonably in order to retaliate, but this cannot be done with Polygram.
As one of the six largest record companies, www.mtlnovel.com, pays more attention to distribution and copyright management than investment. To buy DefJam, you must buy 50%, otherwise it is meaningless. But they can't do nothing stupidly. When Daniel introduces Song Ya and unites the remaining 50% of DefJam, they will definitely open their mouths to PolyGold Lions, and they will buy it to the monolithic management. There is no way.
"You might as well cooperate with Mr. APLUS. Russell Simmons is already out of date. He is old and his personal interests are in the fashion industry and media. DefJam's huge losses for years are caused by him. Mr. Lyle Cohen, President of DefJam, should I have expressed my attitude to you. And Mr. APLUS’s A+ record has won Fergie, and he has sold more records than DefJam last year.” Linda said.
"We are Poly Gold." The other party said.
Indeed, Polygram has its own confidence in saying this. They bought DefJam only to deploy the hip-hop music industry in the United States. This level of loss is completely affordable. If their resources enter, DefJam's situation will also improve.
Linda didn't know what to say, and looked at Song Ya.
"That's it!"
Song Ya was too lazy to talk to each other. Daniel and Lyle Cohen should have dealt with this kind of thing. They paid for it. Just now they played a hole card to cope with the high tree. There is no reason to be stupid like the time when Motura was driven away. One of the people jumped out to attract all the firepower.
He stood up and reached out his hand to the opponent.
"Goodbye, young man, I have to say that you have left a deep impression on me." The other party shook hands with him helplessly and left.
"What do you mean?" Song Ya asked Linda looking at the other person's back.
"I don't know, but I feel that you, who talk less, have become more domineering and unpredictable in the eyes of others." Linda replied.
Chicago 1990 Chapter 484: Break into DefJam
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All in all, it was a short and brutal business battle. Daniel’s reason was very clear. Russell Simmons had to leave. Even if the head and the boss had a criticism, they could only bear it in order not to affect the prestige of the new president of Sony Columbia Records. Polykin's people communicated with Daniel again after returning to New York and learned that there was no room for change, so they gave up their support for Russell Simmons.
But Russell Simmons really doesn't want to leave. His so-called fashion and media empire is built on DefJam. Without the influence in the East Coast record industry, there will be no singers to help his fashion brand bring goods. Not to mention that the influence of his and Quincy Jones’ VIBE magazine has been greatly weakened, at least his personal influence on the magazine will plummet.
For the final struggle, he began to expose the alliance between Song Ya and Daniel, and in VIBE magazine, he denounced the two as the moths and robbers of Sony Columbia Records. The low bid for this time was a robbery. He also tried to bind himself to the New York hip-hop circle and actively contacted other potential buyers in New York, claiming that even if he sold, he would never sell to Song Ya, only willing to sell to New Yorkers. Some diehards, such as its singers, and influential old hip-hop superstars, stood up and endorsed him, claiming that New York musicians would never accept a Chicago boss, not even APLUS. He was even willing to ask some friends from Russell. Simmons took over the share.
The matter was deadlocked until September 14, when big news broke on the West Coast. MJ did not choose to settle before the court. The plaintiffs Evan Chandler and his son immediately initiated a civil lawsuit against him. This full-scale case came to another. climax.
Daniel's time was very good. No one cares about a small-scale equity battle for East Coast Records. In addition, the recording industry is not a sweet bun at all. The real estate and technology industries are more profitable, and no one wants to mix it up. Entering this muddy water of huge losses for years, after he used the power of the president of Sony Columbia Records to frighten him, Russell Simmons could not find other powerful figures to support him, so he had to bow his head.
"APLUS don't bother to come here in person?"
In the office of DefJam Records, after a series of private transactions unrelated to Song Ya, Russell Simmons picked up the signature pen.
"He's very busy, it's not a big investment." Hamlin, who was sitting opposite, replied.
"The pride of New York hip-hop..."
Russell Simmons glanced around the office. "It's a pity." He immersed himself in signing the documents reluctantly.
Hamlin exchanged glances with Samuel, who was sitting next to him in charge of the financial audit, and both smiled as they understood.
After a series of desperate struggles to survive, Russell Simmons did not completely fail. He was able to retain 9.8% of DefJam's shares. After falling from the largest individual shareholder to Song Ya and Lyle Cohen, he became the No. Three big.
Song Ya, Lyle Cohen, and Mariah Carey are sharing the ten percent of the shares he transferred. Song Ya has invested 4.5 million yuan for the same 9.8 percent of the shares, which is slightly higher than The purchase price of 7.8% of those small and medium shareholders was bought before, for a total of $7.75 million, or 17.6% of the shares. Mariah Carey is here to play tickets, and only a few tenths of a percent is better than nothing.
Excluding the 5% held by Daniel, the remaining 12.6 is enough to ensure that he becomes the largest individual shareholder of DefJam.
Lyle Cohen owns over 11% of the shares and is the second largest shareholder. This cunning guy became ambiguous at the end of the negotiation. He played an important role in Russell Simmons's 9.8% of shares. The role, I want to pave the way for the two people to join forces again in the future with a total of over 20% of the shares.
This is almost a conspiracy, but Song Ya knows that things will definitely not develop as smoothly as Daniel promised, and the musician’s regional complex is real. Russell Simmons provoked the indignation of the New York hip-hop circle and mentioned it to him. When I wake up, this fire must be extinguished in time. If it really burns, he is afraid it will be difficult to control, and there are potential enemies of bad boy records.
And Russell Simmons has forgotten one of his best partners, Rick Rubin. This guy had a good time after moving the music company to the West Coast. His hip-hop singer SirMix-a-Lot has been selling well since its popularity last year. , He helped veteran country singer JohnnyCash's career rejuvenation, and also produced some very good albums and singles for Warner Records, such as the Red Hot Chili Peppers.
Song Ya knew that the guy who was not short of money would definitely be willing to take back the company he founded, especially from his former rival, Russell Simmons. Fortunately, Russell Simmons seemed to hate him more than he hated himself, and did not put him at all. Consider within potential buyers.
Business is business. This sentence is a golden rule in the United States, but people are indeed alive with emotions and desires. To a certain extent, no one can completely abandon emotions to discuss business.
Under the situation where both ends are afraid, compromise is inevitable. Song Ya also has no intention of the actual management rights of DefJam. The president is still Lyle Cohen as agreed.
His investment can increase in value. By the way, he can use this long-established hip-hop label to gain more power in the hip-hop music circle to achieve his goal. Even if DefJam still suffers huge losses every year, it is good for him.