A Returner’s Successful Investment Method - Chapter 607



Only Krnovel

Episode 607 Netplay (3)

CEO Rad Herrington got to the point.

“The reason I requested a meeting today is because of negotiations regarding Season 2 of Seven Rounds. We want early access to the net play period for Season 2. “We plan to match the price to the best in the industry.”

“Thank you for the offer.”

The current media industry is led by OTT.

In the past, you had to sit in front of the TV to watch the broadcast time, but now you can find and watch the content you want at any time on your smartphone or tablet.

“Thanks to the advent of Netplay, the base of the content market has expanded and more creative freedom has become possible. “It has been a huge benefit to OTT companies, production companies, and consumers, but it is questionable whether it has been as beneficial to creators as well.”

“What do you mean?”

“Previously, whenever dramas and movies were rebroadcast on TV channels, rerun fees were collected and distributed to actors and writers. However, in the case of Netplay, it is considered streaming, not rebroadcasting. “There is no way to know what the content’s viewership rating is unless it is disclosed.”

CEO Rad Herrington said:

“We are confident that the amount we offered will be more than enough compensation.”

“That would be true for seven rounds. But what about other content? We want a fair distribution of viewing time. Not only for the Seven Rounds, but also for all the content we invest in and produce.”

Well-made content can be loved by the public for a long time.

In the case of a famous American sitcom, although it has been 20 years since it ended airing, a contract for hundreds of millions of dollars was recently signed to launch it on OTT.

“This is a condition we cannot easily accept.”

CEO Rad Herrington looked embarrassed, as if he had never expected to hear such a proposal.

After all, it is a request to change profit distribution and settlement.

If more money is paid to content creators, there is a possibility that Netplay’s profits will decrease.

“As you know, the income of unknown actors and screenwriters has decreased due to the emergence of OTT and changes in the production environment.”

“That is a problem between production companies and content workers, not a problem with Netplay.”

Netplay is all about giving money to the production company.

It is up to the production company to decide how to distribute the money.

However, since this problem can be seen to have been caused by the emergence of OTT in the first place, it is difficult for Netplay to escape responsibility.

“If Netplay first discloses information transparently and sets the right standards, production companies will follow. On the other hand, if we continue to neglect this, it will become a bigger problem in the future.”

Another problem here is AI.

Meanwhile, the development of artificial intelligence software has greatly improved the production environment, but it is replacing the work previously done by actors and writers, posing a threat to their jobs.

In the past, to film a scene where 1,000 soldiers fight, it was necessary to hire 1,000 extras.

So what now?

All you have to do is call dozens of people, shoot a few scenes, and then copy and paste.

That means the jobs of unknown actors are disappearing.

This also applies to scenario work.

For example, in the past, when writing a legal drama, assistant writers had to manually review federal laws, state laws, and precedents to avoid errors.

However, if you use AI, you can instantly analyze the scenario and catch errors.

Furthermore, it is also possible to use AI in creation.

However, even though technology is advancing, there is no way not to use AI.

However, in this process, it is necessary to establish new distribution standards.

That’s why I’m touching on this issue now.

In the first episode, when I was running a chicken restaurant with Sunwoo, I worked without any holidays and didn’t even have time to go to the movies after work.

Since I didn’t have anyone to meet anyway, I usually spent my time at home watching dramas or movies.

Therefore, we know roughly what movies and dramas will be released in the next few years.

I looked at CEO Rad Herrington and said.

“The more content we secure, the more important our cooperation with Netplay will become. Therefore, we ask that you ensure that fair compensation is paid to those who participated in content creation. Then, we will also look positively at Seven Rounds Season 2.”

* * *

[Continue Capital presents new conditions to Netplay regarding the Seven Round contract!]

[Tak Story, we will take the lead in ensuring that repeat fees are distributed fairly to actors and writers according to viewing time!]

[Director Tak Dong-sik, we will do our best to ensure fair compensation is paid to content creators!]

There are over 100 million viewers waiting for Seven Rounds Season 2.

Therefore, everyone expected that if the contract with Netplay was renewed, it would be the highest amount ever paid. Extreme attention was focused on the negotiations, and as the negotiation conditions proposed by Continue Capital became known, the issue of replay fees arose.

This was an issue that had already been raised by the American Actors Guild and the Writers Guild of America.

In fact, while OTT companies have grown, the working hours of actors and writers have increased, but real wages have decreased.

This is a problem that arises as technology advances and the market environment changes.

In the case of movies and dramas, profits are first made through theatrical release and broadcasting, and then secondary profits are made through DVD and Blu-ray releases and TV reruns.

When OTT first appeared, it was not thought to be a very important market, so there were no negotiations between writers and actors regarding repeat fees.

This was true even though it was the largest primary market.

The Screen Actors Guild of America and the Writers Guild of America have repeatedly requested distribution of replay fees and improved treatment for OTT streaming, but the Producers’ Association of America has so far pretended not to notice this.

However, Continue Capital stepped forward and addressed this issue.

Controversy began to grow within Hollywood.

“You’re right about Continue Capital.”

“So far, OTT and production companies have not properly taken care of our share.”

“Replay fees are the main source of livelihood for writers and actors.”

“Production companies are increasingly reducing labor costs by using AI.”

Accordingly, the Screen Actors Guild of America and the Writers Guild of America launched a relay protest.

“Establish standards for re-hospitalization!”

“Raise manuscript fees and appearance fees!”

“Disclose the OTT box office performance to the union!”

* * *

Darian Harrelson met and spoke with director Benjamin Diaminedi, Corey Duncan, Ben Bryan, and Eden Craig.

Everyone could not hide their surprise.

Darian Harrelson smiled broadly.

“I can’t believe a single word from Continue Capital caused such a fuss.”

Eden Craig was impressed.

“Continue Capital is probably the only one who can make this kind of demand against Netplay.”

Corey Duncan nodded.

“What a great friend.”

Ben Brian greatly sympathized with this situation.

“I had no idea that this issue would be put on the negotiating table with Netplay. Continue Capital is doing great things. “For assistant writers and unknown actors, their livelihoods are at stake.”

He came to Hollywood with the dream of becoming an actor, worked as an extra for a long time with a friend, and wrote screenplays.

And thanks to the scenario he wrote himself, he succeeded in his debut.

As such, we know very well how important it is to distribute repeat fees to unknown actors and writers.

Director Benjamin Diaminedi said:

“If Netplay sets a standard, many production companies will have no choice but to follow suit, which will be of great help to writers and actors.”

Darian Harrelson thought for a moment and then spoke.

“How about we also issue a statement of support?”

Of course, Netplay and production companies will hate it… … I might be at a disadvantage, but I wanted to help Hanmiru in whatever way he could.

Ben Brian immediately expressed his approval.

“I will join you. “Aside from the fact that I was indebted to the water infrastructure, I thought there was a need to improve the treatment of unknown actors and assistant writers.”

Then Corey Duncan pounded his chest with his fist and said:

“I think I’ll hear some criticism from the production company, but I’ll join in as well. “For some reason, I don’t think anything can go wrong with what he does.”

* * *

I met Jiyu at a cafe a little late.

Jiyu, who came in late, saw me and bowed to me.

“Hello, senior.”

“hi. “Did the filming end well?”

“yes.”

The filming of Seven Rounds Season 2 has ended successfully.

There may be additional filming later during the editing process, but for now, the official filming has been completed.

“Thank you for sending the coffee truck and hamburger truck.”

“What is it? “The company sent it to me.”

“Still.”

While drinking coffee and talking, JiU’s smartphone rang.

“wait a minute.”

Jiyu quickly responded.

“boy friend?”

Jiyu then threw up her hands and strongly denied it.

“Oh, no. “I don’t have a boyfriend!”

“I was joking.”

Looking at him with such a straight face, he seems to be worried about a scandal.

Jiyu said, slightly sticking out her lips.

“There really isn’t any. And this is senior Changmin Jung. “I thought I should reply to you since you contacted me earlier.”

“If it’s Jung Chang-min… … uh! That Jung Chang-min? Singer and actor?”

“yes. that’s right. do you know?”

“Of course I know.”

Jung Chang-min is a singer and actor who debuted about 30 years ago.

He achieved great success as an actor by mainly playing comical or snarky characters in movies. And he was even more successful as a singer.

A few years ago, he established his own entertainment company and is preparing to launch a boy group.

“I listened to it a lot when I was a student.”

He sings dance songs well, but when I think of Jung Chang-min, what comes to mind is ballads that touch a man’s heartstrings.

As you sing, your eyes become moist without realizing it.

“I sang a lot at karaoke too.”

“really?”

“huh.”

There are more than ten songs that come to mind right now.

“I like you too, but can you call me later?”

“no.”

Jiyu looked slightly disappointed.

“why?”

“I’m not getting taller.”

In the past, I called out to my girlfriend in front of her and she made me laugh and I was embarrassed.

For your information, this is something other than me that happens to men who sing Jung Chang-min’s songs at karaoke every once in a while.

“Then shall I call you?”

“I’m fine. By the way, why did you contact me at this time? “Because of work?”

Since he is already married and Jiyu and I are more than 20 years older than him, he probably has no special intentions.

“For some time now, you have been contacting me saying that there is a good investment destination.”

“A good investment destination?”

“yes. They told me to come because there was a party hosted by an investment company. “I turned it down a few times, but this is a really great opportunity.”

“If it’s such a good opportunity, do it yourself.”

“ah! He also invested 4 billion won and earned over 5 billion won in one month. “He even personally verified my account.”

I was surprised by those words.

A profit of over 100% in just one month!

I think we should also invest in Continue Capital right away.

“What company is it?”

“What was it? Was it NDY Invest? It’s an investment company that makes value investments in undervalued companies. Professionals such as doctors and lawyers, as well as many celebrities, are members, and they say that if you entrust them with your stock account, they will manage it for you. “There is no need to worry.”

“uh… … .”

for a moment.

Isn’t this what it is?