Per reporter: Zhang Jing Per editor: Liu Yanmei, He Xiaotao
As the top of the entertainment industry, Jay Chou, in addition to having a sustained influence in the music field, has also invested in many cultural and entertainment projects. For example, in 2012, Jay Chou cooperated with Xi'an True Love Investment Group to open a KTV and settled in Xi'an.
Fanxiang Finance (ID: nbdfxcj) learned that Jay Chou has visited Xi'an many times to investigate the environment, and when it opened, it also appeared in xi'an to build the first KTV campaign for two years of preparation, and looked forward to being able to open "True Love Fantasia KTV" into a chain and be listed on A-shares after five years.
Now that ten years have passed, what happened to the "True Love Fantasy KTV" with Jay Chou's shares?
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Jay Chou's shareholding and exit
Xi'an is Jay Chou's earlier layout of the city, as early as 2012, Jay Chou into Xi'an True Love Fantasia Catering and Entertainment Co., Ltd. (hereinafter referred to as "True Love Fantasia"), and once it entered, it was ten years.
Xi'an True Love Fantasia Catering and Entertainment Co., Ltd. was established in January 2012, the legal representative Wang Yang, the registered capital of 50 million yuan; the business scope includes catering services, food sales, KTV, bars, etc.; and the three words "Fantasia" included in the company's name are exactly the album "Fantasia" released by Jay Chou in 2001.
From the perspective of equity relationship, Jay Chou participated in the shares on January 9, 2012, with a shareholding ratio of 15% and a capital contribution of 7.5 million yuan; Xi'an True Love Service Industry Co., Ltd. contributed 42.5 million yuan, with a shareholding ratio of 75%. Up to now, xi'an has two true love fantasy bell tower stores and jiaotong university stores.
Image source 〡美团 APP screenshot
It is reported that Jay Chou's emphasis on "true love Fantasia" is still relatively high, at the beginning of the opening, in addition to mentioning publicity many times in daily activities, from the decoration drawings to the choice of each prop ornament, Jay Chou has participated. For example, there are many elements that Jay Chou likes in the decoration, and the private rooms of KTV are the names of Jay Chou's albums.
And Jay Chou's three-word empowerment of true love Fantasia KTV should not be underestimated, only from the consumption evaluation of a group purchase platform, most consumers are still running to Jay Chou, in other words: true love Fantasia KTV is no different from other KTV, but adding Jay Chou's BUFF is different. Many JAY fans also expressed their hope that Jay Chou could go to other cities to open a Fantasia KTV chain store.
But recently, Jay Chou waved goodbye to the company that has been cooperating for nearly 10 years.
According to Qixinbao, Xi'an True Love Fantasia Catering and Entertainment Co., Ltd. recently underwent industrial and commercial changes, Jay Chou withdrew from the ranks of shareholders, while Li Jialie, Zeng Xianyu and others withdrew from the ranks of major personnel. On December 21, Pink Lane Finance (ID: nbdfxcj) called the company, but had not received a specific reply as of press time.
Image source 〡启信宝
After being combed by Fanxiang Finance (ID: nbdfxcj), after Jay Chou's withdrawal, True Love Fantasia is now wholly owned by Xi'an True Love Service Business Co., Ltd., and this exit is also traceable. Previously, Jay Chou's company Jewell Music's statement on the true love Fantasia KTV incident said: Although it did not participate in the company's operation, due to the widening gap in many concepts with the major shareholders who actually controlled the operation of the company, it had the intention of withdrawing as early as 2017, but it was not agreed by the other party, and the two sides have long had no business dealings.
Image source 〡 Sina Weibo screenshot
Its songs have been infringed
It is reasonable to say that although it "broke up" on this, True Love Fantasia should have also eaten a lot of dividends in the ten years of cooperation with Jay Chou, for example, True Love Fantasia's actual controller True Love Shares once said in the prospectus: True Love Fantasia KTV has 70,000 song library resources, all of which have official qualification copyrights. It also includes the copyright of Jay Chou's songs.
However, Fanxiang Finance (ID: nbdfxcj) learned from the China Judgment Documents Network that True Love Fantasia had been sued by the China Audiovisual Copyright Collective Management Association for playing 313 music and television works such as "Rainbow", "Happy Breakup" and "Ningxia". It is worth noting that "Rainbow" is one of Jay Chou's works.
From the first-instance civil judgment of the case, it can be learned that the plaintiff, The Music Collection Association, believes that True Love Fantasia used the above 313 musical works in the point song system without permission, did not pay royalties, and used the above 313 music works in the point song system without permission, for the purpose of making profits, which seriously infringed the legitimate rights and interests of the copyright owner; however, the defendant True Love Fantasia believes that the evidence provided by the Music Collection Association cannot prove that it has the right to claim rights over the songs involved in the case, and emphasizes that its music library comes from the VOD system supplier Shaanxi Leishi Electronic Technology Co., Ltd., which has a legal source and is not infringed.
In the end, the court ordered True Love Fantasia to immediately stop playing and delete the infringing music television works involved in the case from the song system of its business premises, and compensate the Music Collection Association for losses of 9100 yuan. Among the infringing works are 3 MVs called "Rainbow", but these 3 "Rainbows" are not the works of Jay Chou, and the songs of the same name composed by Liang Jingru are sung by Liang Jingru, who compose the lyrics of Ah Xin and Liang Bojun, and the songs of the same name composed by Yu Quan and Du Dewei respectively.
Therefore, "the KTV invested by Jay Chou cannot play Jay Chou's songs" is a misinformation like Zhang Guanli Dai. Jay Chou himself heard about the infringement of True Love Fantasia KTV, and also expressed his support for the unchanged position of legal copyright and respected the judicial judgment of this case.
True Love Fantasia makes money?
Although Jay Chou's Jewell Music previously said that Jay Chou wanted to quit after falling from the major shareholders who actually controlled the operation of the company in many concepts, after investigation, it was found that although true love Fantasia KTV was far better than its peers in terms of geographical location and fame, its ability to make money was not ideal.
So, in the nearly ten years of the stock, did Jay Chou make or lose?
According to the equity transfer letter previously released by Xi'an True Love Service Co., Ltd., the parent company of True Love Fantasy, from 2013 to July 31, 2015, the total operating income of True Love Fantasia was 17,483,51722 yuan, and the net loss was 616,966,200 yuan; the profit and loss attributable to Jay Chou in the current period was 92,544,990 yuan.
Image source 〡 China SME Share Transfer System
That is to say, True Love Fantasia is still in a state of loss in the nearly three years since its opening, and True Love Fantasia also opened a new bell tower store in 2017, which is also a large cost expenditure; although True Love Fantasia has not released specific revenue data in recent years, according to the previous revenue as an example, True Love Fantasia, which currently has two stores, also faces many uncontrollable factors.
For example, in 2015, the group purchase APP to compete for the market, each KTV used all its strength to grab users at a low price. Some insiders frankly said that in recent years, the price of KTV has hardly risen, not only has not risen, but also dropped by about 50% compared with the previous two years; in 2017, Jay Chou has the idea of withdrawing shares, and no longer participates in the operation of true love Fantasia; since the end of 2019, the new crown pneumonia epidemic has been repeated, and offline activity venues have been stopped at every turn.
Therefore, even if it is hung up in the name of "Jay Chou's shareholding", for large-scale offline meeting places such as True Love Fantasia, it has indeed suffered a certain degree of crisis, and the cost of maintaining operations has only increased.
The parent company failed to go public
It is worth mentioning that True Love Shares, the parent company of True Love Fantasia, submitted a public transfer prospectus to the share transfer system in November 2015 to be registered on the New Third Board, but due to a number of financial data inconsistencies and other errors in the public transfer prospectus of Xi'an True Love, it was officially rejected and revised.
According to rough statistics, a total of 12 data were incorrect in the financial data given on page 68 of the xi'an True Love public transfer prospectus, including the cost of the main business from January to July 2015, and the main business income and cost in 2014. These errors may also be due to the company's reversal of the 2014 and January-July 2015 data listings.
After the rejection, the official website did not see the re-application of True Love Shares, and the listing was also gone.
In addition, after the understanding of Fanxiang Finance (ID: nbdfxcj), True Love Fantasia has become the executor many times, and it was filed by the Xi'an Intermediate People's Court on February 28, 2020, with the subject of enforcement of 70,720 yuan; in February 2018 and September 2018, it became the executor twice, with the subject of execution of 41,037 yuan and 20,692 yuan respectively.
True Love Shares, the controlling shareholder of True Love Fantasy, was also listed as an executor by the Xi'an Intermediate People's Court on February 28, 2020, with the subject matter of execution of 82,400 yuan and 65,553 yuan respectively, and 38,887 yuan on July 3, 2020.
Suspected copyright infringement, untrustworthy execution and other behaviors once caused an uproar, but also let Jay Chou, as one of the shareholders suffer from public opinion, completely contrary to Jay Chou's low-key image has always been; turning to the level of operation, did not provide shareholders with positive dividends, therefore, this Jay Chou withdrawal is also normal.
Reporter | Zhang Jing Editor| Liu Yanmei, He Xiaotao, Du Hengfeng, Wang Jiaqi
Proofreading | Cheng Peng
| the original article of the daily economic news nbdnews |
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