Chapter 484 Breaking Into Def Jam

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All in all, this was a short and savage business confrontation. Daniel’s reason was very clear. Russell Simmons had to leave. Even if there were complaints from the capital’s capital, in order not to affect the prestige of the new president of Sony Columbia Records, he could only endure it. Polygram's people communicated with Daniel again after returning to New York, and learned that there was no room for change, so they also 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 of the record industry on the east coast, there will be no singers to help his fashion brand. The influence of his and Quincy Jones' VIBE magazine will not be 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 he also angrily denounced them in VIBE magazine as moths and robbers of Sony Columbia Records. The low bid for this acquisition is basically 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 it, he would never sell it to Song Ya, only willing to sell it to New Yorkers. Some diehards, such as the singer under his banner, the influential old hip-hop superstar stood up and endorsed him, claiming that New York musicians would never accept a Chicago boss, not even APLUS, and he was even willing to start with some friends from Russell Simmons took over that part of the stake.

The matter was deadlocked until September 14th, when the big news from the West Coast came, MJ did not choose to settle before the court, the plaintiff, Evan Chandler and his son, immediately initiated a civil lawsuit against him, this case once again came to a climax.

Daniel picked the timing very well. No one cares about a small-scale equity battle for an East Coast record company. In addition, the record industry is not a big deal now. The real estate and technology industries are much more lucrative, and no one wants to get involved. Into this muddy water of years of huge losses, after he used the power of the president of Sony Columbia Records to scare him back, Russell Simmons couldn't find other powerful figures to support him, so he had to bow his head.

"Is APLUS too lazy to come here in person?"

Inside the offices of DefJam Records, Russell Simmons picked up the signing pen after a series of private deals that had nothing to do with Song Ya.

"He's busy, it's not a big investment," replied Hamlin, who was sitting across from him.

"The pride of New York's hip-hop scene..."

Russell Simmons looked around the office, "It's a pity." He buried his head and signed each document reluctantly.

Hamlin exchanged glances with Samuel, who was sitting next to him and was in charge of financial auditing, and both smiled understandingly.

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, and fell from the largest individual shareholder to Song Ya and Lyle Cohen. three big.

The ten percent of the shares he sold are being divided among Song Ya, Lyle Cohen and Mariah Carey. Song Ya invested 4.5 million for the same 9.8% of the shares, which is slightly higher than Previously, I bought 7.8% of the purchase price from those small and medium shareholders, a total of 7.75 million knives, 17.6% of the shares. Mariah Carey is here to play tickets, and only a few tenths of a percent of what she won is better than nothing.

Excluding the 5% that was held on behalf of Daniel, the remaining 12.6 is enough to ensure that he becomes the largest individual shareholder of DefJam.

Lyle Cohen accounted for just over eleven percent of the shares and was the second largest shareholder. This cunning guy became ambiguous again at the end of the negotiations. He played an important role in Russell Simmons being able to retain the 9.8% of the shares. role, and wanted to lay the groundwork for the reunion of the two people with a total of 20% of the shares in the future.

This is almost a conspiracy, but Song Ya knows that the development of things will definitely not be as smooth as Daniel patted his chest to ensure, and the regional complex of musicians is real.

Russell Simmons reminded him after stirring up the indignation of the New York hip-hop circle that this fire must be extinguished in time, and he was afraid that it would be difficult to control if it really burned, and there were also a bunch of potential enemies of Bad Boys Records.

And Russell Simmons forgot one of the best partners, Rick Rubin, this guy has a good life after moving his music company to the West Coast, and his hip-hop singer SirMix-a-Lot has been selling well since he became popular last year , he helped veteran country singer Johnny Cash rejuvenate his career, and also produced some well-received 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 himself, and did not put him at all. Potential buyers within consideration.

Business is business. This sentence is a golden rule in the United States. It is true, but people are indeed living people with seven emotions and six desires. To some extent, no one can completely abandon their feelings and talk about business.

In a situation where both sides are starting to be afraid, a compromise is inevitable. Anyway, Song Ya has no intention of the actual management of DefJam, and the president is still Lyle Cohen's according to the agreement.

His investment can increase in value, and 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 loses money every year, it is also good for him.

DefJam owns some of the copyrights of the records of well-known rappers in the 1980s, and they have signed retirement contracts with many of them. Although this is one of the reasons for their huge losses, those old guys still exist on the streets of the East Coast. It has a lot of influence and can add a lot of bargaining chips to the Chicago conference he founded. He also plans to learn from Russell Simmons and let those old guys help bring goods for his A+ clothing.

And he was too busy to fight with others, and he didn't even show up at DefJam headquarters in New York until the deal was closed.

The acquisition preconditions set by Daniel were completed, and then Sony’s 50% DefJam shares were transferred to PolyGram. The transaction price remained unchanged at 50 million. According to this price, Song Ya owned 10% The value of the 7.6 shares rose to 17.6 million in an instant. Regardless of the part held by Daniel, the 7.75 million investment made a round of investment and made a net profit of nearly 10 million, which more than doubled.

Daniel's return is really interesting, he is much better than Motura in this regard, for himself.

Of course, he has to hold those shares for at least two years as a show, otherwise it would be too ugly, and no one will take over this price at present, just like the 60 million worth of Russell Simmons in the heyday of DefJam, it is just imaginary, Book companies that like to spend money randomly in the United States have gradually lost their voices. With the increase of piracy, the record industry is also going downhill. The best time seems to have passed. From this point of view, Daniel’s selling price is also considered reasonable. The capital’s capital is definitely unhappy, but there is nothing to complain about. After all, the huge loss was caused by Motura’s tenure, and Daniel can also be regarded as wiping his predecessor’s ass.

"Get the accompaniment version out."

The vocal cords were also swollen, and Song Ya, who was in a good mood, brought all the scores of dancing out of my life to the A+ record and handed them over to her production director Dion Wilson, "It will be completed before next year."

"So many songs?"

Dion Wilson was very surprised when he got sixteen thick scores, "Is it the soundtrack of my life?"

"Yes."

Because of a voice problem before, Song Ya made very detailed notes on both the lyrics and the score of the song, "The requirements are all above."

He found BeWhatYouWannaBe's share, "I don't want a black gospel-style choir for this song. I can find a white or even a European choir."

"Then I'll make a budget first?" Dion Wilson asked.

"Go."

"By the way, is your voice better? Your WanttoWantMe performance at the VMAs was well received. Your fans are also petitioning. Sony Columbia Records asked if they want to release another single?"

"No."

He has a psychological shadow on this song now. After explaining the matter in a few words, he went to the office to deal with the backlog of documents. When he came out, he saw William Adams and the three of them poking their heads out of the small recording studio. Say hello to yourself "BOSS."

"Yo."

He casually raised his chin, and after bumping fists with the three of them, he planned to dodge them.

"Well, Snoop Dogg asked you to call him back," William Adams said carefully.

"Oh." Song Ya agreed.

"Will you call back?"

"Yes?"

Song Ya was perfunctory. Snoop Dogg's bodyguard shot dead a West Coast hip-hop singer who fought with him last month. He is now being investigated by the police. Bai Xia himself praised the other party for his high EQ. For this kind of role, he has always stayed away from him, and Linda made excuses to refuse the call. He didn't expect to come to talk to his singer now.