star of the peninsula

Chapter 1057 Tasteless
The second to last day of June was Sunmi’s comeback, and the last day was Weeekly’s debut.

It doesn't make any sense to Chen Chen. It's just that PlayM wants to buy some promotion on Tik Tok to give out some money. But Hong Seung-sung's face should not be very good.

But don’t forget that PlayM was formerly called Acube, and don’t forget that Weeekly is actually the legitimate junior sister of APink.

"The online concert is about to enter the final debugging stage. Please take a look at the live effect to see if there are any problems."

"Also, let's see if there are any functions that need to be modified in the live broadcast room. There is still time to make changes now."

Chen Chen was leisurely drinking tea in Cube Entertainment and invited Boss Hong to inspect the Tik Tok live broadcast room of (G)I-DLE's online concert.

Seeing that Hong Shengben was already a little overwhelmed, he didn't deliberately bring up Weeekly's matter to make things difficult for him.

"Boss Chen, do you have any free advice for me?" Hong Shengcheng asked shamelessly.

"Will you listen to me?" Chen Chen looked at Hong Shengcheng, and waited for him to nod before he spoke slowly, "Then I do have a piece of advice for you. Turn off the reward function in the live broadcast room. You have to pay to enter this live broadcast room to watch the concert, and turning on the reward function is a bit too greedy, and it's not good for your reputation."

"..."

Hong Shengcheng did not answer immediately because he really could not make the decision to close the reward.

Cube Entertainment is very short of money, especially since the (G)I-DLE world tour has been unable to go ahead due to the recent global epidemic. Without the income from concerts, they are even more short of money.

Everyone knows that the tips given by fans in the live broadcast room will provide Cube Entertainment with a huge amount of working capital, a very large amount that is almost net income.

It cannot be said that this income can save Cube Entertainment now, but at least it can solve the urgent problem, so Hong Shengcheng couldn't bring himself to ask for it.

"Can the tipping process be made more respectable?" Hong Shengcheng stammered, "I know it's not respectable to tip at an online concert, but can it be made a little more respectable?"

"Yes." Chen Chen nodded, "Just open the lowest level of reward gifts."

Those who want to reward will definitely give, no matter what kind of gift it is, and they will not stop until they reach the amount they want. Therefore, those who only open up the lowest level of reward gifts will lose out to those who want to give a little but find it troublesome.

However, while losing those people, you will also gain a group of viewers who will think, "It's not worth much anyway, just click a few times." Overall, you may still make some money.

"Good! This is a good idea!" Hong Shengcheng's face, which had been a little pale, instantly turned rosy. "We just gave fans a channel to express their excitement. The value of the gift has been set very low, which means that we don't want to receive tips but the fans insist on giving them!"

"Then" Hong Shengcheng rubbed his hands and asked greedily: "Do you have any better advice?"

"That's all. If there is any more, we can only make some moves on the gifts." Chen Chen shook his head this time. "The price of Tik Tok's gifts is quite reasonable. There is no need for Cube Entertainment to design a set separately."

"Okay." Hong Shengcheng was a little disappointed. "But it's okay this way. It would be great if it can go smoothly."

"The concert Blu-ray disc can be stuffed with some concert highlights, and then burned and sold earlier. There will be many fans willing to pay for it." Chen Chen pointed out another way to make money, "especially the fans in the neighboring Sakura Country, who are very willing to buy the disc."

"We have prepared for this, but you won't make much money from this." Hong Shengcheng shook his head, "It can't be used as the main product for operation."

"It's OK as long as you are prepared. I don't want to say more." Chen Chen stood up. "Is there anything else you want to talk about? If not, I will leave." "Yes."

Hong Shengcheng stood up as well, but did not speak for a long time.

"Just say it if you have any." Chen Chen urged, "You don't want me to guess this, do you? That's what you want to say!"

"It's a little hard to say, but I'm also a person who cares about my reputation." Hong Shengcheng groaned for a long time before finally speaking, "It's like this, I want to ask C headquarters to buy the shares of Three Point Star Ship held by Cube Entertainment."

So that's it. I really couldn't open my mouth because I was literally asking Chen Chen for help, which was very embarrassing.

But President Hong really has no other choice. Cube Entertainment's finances have reached a very tight point, and now a large amount of funds is needed to alleviate the situation.

The revenue from online concerts can definitely help solve this problem, but the quantity is not enough, not the time.

The ticket settlement and gift settlement of various live broadcast platforms take a long time, especially for such large accounts, which will take even longer. I'm afraid that Cube Entertainment may not be able to hold on when the settlement comes.

"No, I'm not interested." Chen Chen's cold answer made Hong Shengcheng feel disappointed. "I know that Cube Entertainment is in financial difficulties, but there is no entertainment company that is not in financial difficulties right now, and C headquarters is no exception."

Whether it is true or false, Chen Chen will say it, who can expose him?

"The price can be negotiated." Hong Shengcheng swallowed his anger and held Chen Chen's arm. "The current Starship shares are definitely more valuable than when they fell. Cube Entertainment is willing to sell them to C headquarters at the purchase price at that time."

"Wow~" Chen Chen couldn't help but raise his eyebrows, "You did make a big concession."

After Starship kicked KakaoM away and attached itself to C Headquarters, the value of the shares must have increased a lot compared to the time of the tug-of-war. Selling Cube Entertainment to C Headquarters at the low price at that time was indeed a very profitable business for Chen Chen.

"But C Headquarters really can't take it." Chen Chen refused again. "Whether C Headquarters has these three points or less, the relationship with Starship will not change. But if C Headquarters uses its own liquid funds to buy these three points, it will have a huge impact. It may affect the progress of several projects."

"..."

The room fell into silence, and Chen Chen was obviously the more comfortable one.

He was not in a hurry at all. If C headquarters did not accept these three points of Starship shares, other entertainment companies would not accept them either. Even KakaoM had no interest in it.

The situation is not good for everyone. No one can bear the sudden reduction of working capital at this time. Besides, three points are really not a lot. Even if you get them, there is no way to shake the C headquarters which has taken more than 40 points. It is of no use at all.

It's tasteless to eat but a pity to throw it away. This is the current situation of the three Starship shares in Cube Entertainment's hands.

Of course, if Hong Shengcheng is willing to exchange Three Points Cube Entertainment shares for working capital, Chen Chen will definitely agree without hesitation. Well, not necessarily. Chen Chen would rather refuse first to stabilize Hong Shengcheng and does not want to expose his ambitions so early.

Anyway, matters involving Cube Entertainment shares are another matter and will not be settled in this round.

……

(End of this chapter)