{MTL}The Reborn Music Superstar

ch 66 - 70

Chapter 66

PMG's big decision has broken everyone's glasses this time!

Because of the digging of the seal, he is going to pay for it!

It's unheard of, unseen! The sun is going to rise in the west!

PMG said it had negotiated with three other companies to donate 10 percent of record sales to internationally renowned environmental organizations based on the H.E.A.V.E.N environmental theme.

10% of sales is not 10% of profits.

This proportion is very, very high, and singers can only take 1% of sales when they sing, and if there are many people, then divide it from this 1%; The lyricist and composer take 3% respectively, a total of 6%, but if there are many songs and different creators, then use this 6% to divide it, and the arrangement is calculated separately, there is a one-time buyout, and there is also a share; Record stores take 20%-30%.

After deducting other miscellaneous things, such as taxes and the like, the final production and distribution company can get about 50%, but this includes the production cost of the record.

Some records have high production costs, but low sales, it is very likely to lose money, and if the sales are high, the same production cost is allocated to each record, and the proportion of cost is greatly reduced.

This time, Lucky Band wants to donate 10% of sales, which is really, really much, and it gathers five popular singers from four companies, no matter how much money is spent on making records, the upfront investment will definitely not be less.

If H.E.A.V.E.N sells only 10W, donating 10% of sales is estimated to be a loss for PMG.

But everyone knows that Lucky Band can't only sell 10W, the promotional mode of this MINI album is a combination of singles and albums, Ye Ze's single can now have at least 60W level, plus the blessing of the other four popular singers, the sales are definitely not low.

Although they knew that PMG's decision would definitely not lose money, everyone was still very surprised, it was a miracle that Feng Dudui could spit out the fat in his mouth, he had been doing this business for so many years, and the outside world had never seen him bleed so much.

Donating to environmental organizations, this is not an investment, there is no return, even if this gimmick is used to increase the sales of records, but to make up 10% of sales, it is really quite difficult, which is clearly a sum of money that cannot be recovered and cannot be made up.

When Feng Chu made this decision, the other three companies didn't agree very much, let alone them, even the top management of PMG didn't agree very much, the record company exists to make money, and it is not engaged in charity, what a foolish toss!

Feng Dashen,Let's go back to the past, okay?,Aren't you pretty good at making money?,Your current painting style is completely wrong!

But once Feng Chu made a decision, ten cows couldn't pull it back.

Not only did he donate 10% of the record's sales, but he also encouraged the five members of the Lucky Band to donate as well, and the amount was not too sloppy.

"Well......" Feng Chu, who was sitting at the front of the conference room, raised his head and thought about it, "Each of you should donate a million, I personally suggest it." "

Except for Ye Ze, the other four and their agents almost spurted out a mouthful of blood!

Because Ye Ze created a lot and arranged music, the final royalties could probably get about 5% of the sales, and the other four people were a lot less, and the four of them together were not as much as Ye Ze, and everyone could get about 1% in the end, which is still the amount without tax deductions.