Lehua Entertainment’s biggest problem is over-reliance on Wang Yibo, a t...
Hello everyone come quickly to hear me tell you an interesting and elusive story. Our main character is Wang Yibo and his entertainment company, Lehua Entertainment. Their relationship is as confusing as the emotional lines in a TV drama, with both love and hate.
Let's review all the benefits that Wang Yibo brings to Lehua Entertainment. Fame? Massive volume. Traffic? Rolling in. It's simply a money tree for Lehua Entertainment, giving them a successful rise to the throne of the number one star stock. However, behind this success, there was a not-so-good fact hidden.
One day, Lehua Entertainment took out last year's financial statement, and it turned out that, surprisingly, more than half of the revenue came from Wang Yibo, the big brother. Yes that's right, you heard it right, more than half ah! And, what's even more amazing is that artist management actually took up 84% to 90.1% of the entire revenue. This can't help but make me want to ask, is Wang Yibo the real father of Lehua Entertainment?
This real father has become a big problem for Lehua Entertainment. They rely on their artists for a large portion of their income, especially Wang Yibo, who is a big living person. If anything happened to him, Lehua Entertainment would have to shake. And a shake was not a good sign for a business.
What's even more puzzling is that Lehua Entertainment once tried to solve the problem by creating a Korean-style modeling assembly line. This model doesn't work in China! The market is diverse now, how can people sell themselves to you? Talents are not fools, who wants to be at the mercy of a slave contract? Lehua Entertainment's plight is like a bunch of free sheep that can run at any time.
Time is also a big issue. Wang Yibo's contract will end in 2026, and by then, he'll be a free agent. Lowe's Entertainment will have to find an alternative before then or lose the cash cow.
So what is the solution to the problem? Lowe's Entertainment seems to be trying to save themselves through revenue diversification. However, revenue diversification didn't go as smoothly as they thought it would. The revenue share of music IP and pan-entertainment business is far less than that of artist management. This makes one wonder, Lehua Entertainment, where is your breakthrough?
Perhaps learning from other entertainment companies and getting an artist matrix might be a way to do it. But it's not that easy. It's not like you're doing nothing to promote an artist. Lehua Entertainment would have to ponder over this, or else they'd really have to shake a leg when 2026 rolls around.
Well, by this point, do you guys also find this story confusing and elusive? Is there any brilliant solution that really baffles people. However, I believe we all have our own views, come and discuss with me. 2026 for Lehua Entertainment, is it survival or destruction, what do you think? Leave a comment and let me know!
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