Chapter 50

The contract that Li Haoyan prepared for Jin Yufan was so impressive that it would undoubtedly cause a huge upheaval and turmoil in the entire Korean music industry, and even the entertainment industry. To put it bluntly, if the contents of this contract were to be known by the public, Jin Yufan and Li Haoyan, and even DSP Entertainment, would face the boycott and suppression of the entire entertainment industry.

A contract that could make any artist in the Korean entertainment industry yearn for it would inevitably make artists under other agencies think about changing to better contracts. They might not expect to have the same待遇 as Jin Yufan under DSP Entertainment, but at least they wouldn't want to be far behind. After all, he was just a newcomer, and if a newcomer could have such a good contract, why couldn't they have one too?

This outcome would inevitably lead to other agencies facing a headache when their artists demand better contract terms, and they might even have to improve the treatment of their artists. Doing so would undoubtedly result in significant losses for the agencies themselves. The DSP Entertainment, which triggered this situation, would naturally be hated and boycotted by all other agencies.

Since you've caused such a loss for us, you shouldn't expect to have it easy either. Even your artists under DSP Entertainment wouldn't have it easy. They would be firmly boycotted and suppressed in any place and any occasion. This is without a doubt.

Similarly, as the party involved, Jin Yufan would also not have it easy. Other agencies would remind their artists of their treatment, but only for those with status, popularity, and influence. For third-rate artists, the agencies wouldn't care. If you dare to demand better treatment, you'll be put on ice and suppressed. After all, to the agencies, you're just a third-rate artist. Suppressing and putting you on ice isn't a big deal. The company doesn't expect you to make money for them, and you can't make money either. Why not take this opportunity to completely suppress and put you on ice, allowing you to leave the entertainment industry, and save resources to cultivate new talent? What's the harm in that?

The final result would be a large number of third-rate artists being eliminated by their own agencies. After these people are eliminated, they would naturally harbor resentment. They might not dare to target the massive agency, but they could target Jin Yufan.

In the entertainment industry, who doesn't have a few friends? After a call, with a mentality of envy, the friends of these third-rate artists, and even some third-rate artists who didn't demand better treatment and survived, would also look at Jin Yufan with extreme displeasure and target him in various aspects.

In short, if the contract that Li Haoyan gave to Jin Yufan were to be leaked, Jin Yufan would definitely not be able to continue in the Korean entertainment industry. The artists under DSP Entertainment would also be suppressed by other agencies and artists, and DSP Entertainment would not be able to resist, possibly leading to its decline or even bankruptcy.

There's no way around it. When the time comes, everyone would know that DSP Entertainment has offended the entire entertainment industry. There would be no future for development in DSP Entertainment, so who would be willing to join DSP Entertainment as a trainee or debut as an artist?

Without a steady stream of trainees and artists, DSP Entertainment would naturally lose its fresh blood and would not be able to survive in the entertainment industry. Bankruptcy would only be a matter of time.

Jin Yufan couldn't help but take a deep breath and pick up the contract again, carefully reading it.

At least one month of rest per year, of course, this rest period does not include the busiest time of the year for artists. This means Jin Yufan's one month of rest can only be taken at other times, and he is absolutely not allowed to rest during the year-end. However, considering Jin Yufan's special circumstances, he is allowed to rest for half a day on New Year's Day to spend it with his grandmother.

At least half a year per year is guaranteed for Jin Yufan to develop in Taiwan and China, ensuring his popularity in the Chinese-speaking region. Of course, this is not an absolute six months. The time spent in the Chinese-speaking region or Korea will be decided based on the situation at the time.

In terms of song creation, the copyright fees are entirely Jin Yufan's, and he gets all the profits. DSP Entertainment does not take a single cent.

If Jin Yufan does not need the songs he creates, he can sell them to DSP Entertainment first, and the agency can buy them at the highest market price.

Of course, Jin Yufan can also sell his songs privately to others, without having to sell them to DSP Entertainment, or even give them away for free.

In terms of advertising and album income, the revenue split between Jin Yufan and DSP Entertainment is 1:9 (since you're a trainee, the company has to pay you a salary, and the costs for teachers, costumes, etc., are all money. The first year is for paying off debts, so a smaller share is normal). After three years, it becomes 2:8. If Jin Yufan continues to sign with DSP Entertainment after the contract ends, the revenue split adjusts to 3:7. If Jin Yufan decides to stay with DSP Entertainment for life, the revenue split rises to 5:5.

In terms of film and television, the revenue split in Korea is 3:7, and after renewal, it becomes 4:6. If Jin Yufan stays with DSP Entertainment for life, it becomes 5:5. For films and television outside of Korea, the revenue split is 5:5, and after renewal, it becomes 6:4. For life, it becomes 7:3. Of course, this is also considering that a portion of the income would be taken by the overseas agency when Jin Yufan is working abroad, hence the higher revenue split.

Of course, this is not absolute. In terms of film and television, there is also a detailed revenue split based on the artist's value. For example, if Jin Yufan participates in a film or TV series and earns 1 million RMB, the revenue split is 3:7.

If Jin Yufan's value exceeds 3 million RMB, the revenue split becomes 4:6, and after renewal, it becomes 5:5. If Jin Yufan's value exceeds 5 million RMB, the revenue split becomes 5:5, and after renewal, it becomes 6:4. If Jin Yufan's value exceeds 10 million RMB, the revenue split becomes 6:4, and after renewal, it becomes 7:3. If Jin Yufan's value exceeds 10 million RMB, the revenue split becomes 9:1.

In terms of concert income, considering that concerts mainly depend on the artist's popularity and influence, the final revenue split given by Li Haoyan is 5:5. This is not too much, but it's not too little either. After all, Jin Yufan gets 50% of the net income, while DSP Entertainment gets 50%, which still includes all the expenses for the concert, such as venue rental, lighting, costumes, and staff.

Of course, during concerts, there are also various merchandise and souvenirs related to the artist. The revenue split for these is 1:9, and Jin Yufan gets this 10% because of his face, which can be considered as a copyright fee.

However, compared to other income, holding a concert is a huge source of income for artists. Concerts are indeed the most profitable means for artists in the Korean music industry. Of course, album sales were also very profitable, but considering the exploitation and blood-sucking nature of Korean agencies, this is not the case in the Korean music industry.

Jin Yufan carefully examined the final points and found that the income terms were truly impeccable. This contract could be called a super contract, far better than the one offered by Taiwan's Universal Records.

Especially in some small details, it was very considerate, even accommodating to Jin Yufan. What could Jin Yufan be dissatisfied with? What could he be dissatisfied with?

This contract was simply a super contract, so good that it seemed unreal. Jin Yufan couldn't help but look up at Li Haoyan with a puzzled expression and ask, "Why, why would the company, or rather, President, give me such a super contract?"