Going Into the World!

< Johnston Group, Warner Music Acquisition, $2 Billion! >

< The end of illegal downloads! >

< Jay Tunes! AllinOne! >

< Johnstone Group, New Payment System and JPoint Disclosure! >

[John Kim, chairman of Johnston Group, in addition to the acquisition of Warner Music, brought out a variety of relevant new technologies and services to surprise attendees. They showed "Music Shield," which blocked the sharing of music from the Internet, "The JTunes Web Store," which made it easy to purchase music files, and "JTunes Manager," which is a one-stop music file management program.

I've gone one step further and brought tension to PayPal and the industry by showcasing the new payment system, 'Checkout' and 'J-Point' associated with various affiliates and other companies.]

And the articles that started pouring out that evening, they organized new terms like "Music Shield," "J-Tunes," "J-Tunes Webstore," and then they analyzed the meaning of each one of them, and he said, "Oh, this is not funny. 'It was worth thinking about.

The first places hit were other major records such as Universal, Sony and EMI, with Universal and EMI stocks falling by more than 10% from the beginning. Sony music was not listed separately when the three super-high singers were deprived of Warner Music, but was weakened when Sony Group shareholders fell by more than 5%.

PayPal is no exception to the fact that the back of your foot is on fire. Paypal's stock price, which hit a very powerful enemy, plummeted. A difficult battle was anticipated from the start due to the ecosystem of the J-Tunes Web Store and the check-out from the background of Myway, and the online point system called J-Point was another threat.

"Sir, investors are sniffing around and getting in touch. What do you want us to do? Should I just ignore it?"

Warner Music is at the Rockefeller Center on 75th Street in New York, and I've set up a separate chairman's office as I have more work to do in New York. I am reviewing the payment paperwork, and Chief Crimson came in and reported that many hyenas are floating around me smelling the value of this set of technologies and services.

I've already been the talk of the year last year, but I've been out of the country for a while at the end of the year and haven't been in the press. Now that we have a leading integration package, I can't help but get noticed. Of course, the smell of rich money makes sense to the people in the financial center of New York snorting.

"So, what do you think of Polo?"

I asked Polo, who came in with me. I wonder what I think as a planner.

"Hm. It's not bad for me to give out a little bit of stock in the long run. If you want to re-defeat the music industry and the media, you need a lot of friends. If we have a stake in a large investor or in a bank, they may act in our favor as well. Now the Johnstone Group was too big to make everything personal."

"Hmm, that makes sense. And what about Mr. Crimson?"

"Yes, I agree with Polo. And there's been a lot of money out there recently, so we need to transfer some new funds. You can borrow it over there, you can sell some of your stock, you can do it for a while. There are more than one or two businesses to drive now."

This is a bit troubling to hear from both of you. So far, most of my business is not publicly owned. I've sold some of my shares in Yahoo or elsewhere, but not for long. My 25% stake is now back and 100% mine.

Do you think we'll get some investment in Warner music? '

The thought that came to mind was to talk to the two people who were playing together. Especially since Casey has been doing business here in New York for quite some time and has a lot of experience. I got in my car and drove to Times Warner headquarters, but when I called to say I wanted to see you for a while, the two of you who were playing said come quickly and get angry.

"Are you two all right?"

"Haha, something's wrong."

"Welcome. What are you doing here?"

"I have a question for you. So, what's up with Turner?"

"What's up? Haha, the movers are slowly moving towards us. I think it would be better if you stepped up and helped."

"Yes?! Me?"

Case and Turner have a strong opposition to being pushed out of a power struggle inside the Times Warner. Case is very shocked by her side's attachment to Levin, and Turner's brother has not hesitated to make offensive remarks to Levin in the last few years, treating him as an outsider and pushing him into an underpaid position.

Turner's brother took a big shot with his CEO Levin last time, and he's been doing a lot of encouraging outdoor activities, which I'm guessing has moved from Levin to Casterner. Especially when yesterday's presentation became a big topic.

Earlier last year, the Levites, the Casterners and the Middle Gang were overwhelming. However, after the second half of the year, the middle wave increased to 4: 2: 4 because of the business that became a mess after the merger. I think if I receive these people who are close to me, I would like to actively assist in the expansion of the force because it is of great benefit.

"By the way, investors are getting in touch all the time. I'm thinking of solving some of Werner's share of music. I'd like to hear a yes, a no, or a different opinion."

I briefly explained my current situation. Some money comes in from Google, Myway and Johnstone electronics, and he also said there's a lot of money going out, very 'bold' investments, mergers, big donations.

Case told me about the fundraiser and said he would look into it if he wanted to. Once you have told us the basics about Warner music, your plans for the future, and the starting price, you decide the date, and then advise that if you drive the competition, the final selling price will go up ~ in the current atmosphere. Based on the description, I've also done it several times myself, so I give very specific advice. Turner said he wanted to attend, so I'd give him some discount.

Warner Music and J-Tunes started a huge fire and users started coming to the J-Tunes Beta Webstore on the day of the announcement. Of course, no matter how many people came, our servers didn't shut down.

The formal opening was held on February 1, but even if there was a minor issue, everything was back to normal, so we were able to secure one million members in three days after the first announcement. People who come to the site say, "Do you want to use my Google ID? The question 'Yes' immediately resulted in a large number of visitors becoming subscribers.

The J-Tunes manager was particularly popular with users. You could convert the music from an existing CD to an MP3 file and transfer it directly to a mobile device, and vice versa, so that it could be easily used by users who don't know computers well.

On the first day, users commented that it was very convenient, and in a few days, 2 million copies were downloaded, engaging with portable players on the market.

It is said that while I saw the bread, I live as a sacrifice. I felt that Warner Music was the best time to raise money every day, so I prepared to hold an investment presentation in New York with Case's help.

Rumor has it that I've been selling some of Warner Music stock to private investors has led investors in New York to become enthusiastic, and the agency has been busy with phone calls, so I need to capture more of them.

As Warner Music rose, the stock price of the rest of the records was going down. The Johnstone Group announced that the number of beta-state subscribers to the J-Tunes webstore had broken through 1 million in three days, resulting in Sony's stock price dropping by more than 5% that day, leading to a total drop of 15% for five days.

Sony Americas account for about 35% of Sony's total. Many of them are from records and films, and rumors spread that the record business was hit, and that the Johnstone Group was preparing for another leap with polygrams and newly acquired Marble Entertainment.

The acquisition was just moments away from the finalization, but the sudden increase in interest in the Johnstone group seemed to reveal the acquisition as reporters were digging into the entertainment business.

In the meantime, music appeared on the J-Tunes Web Store. I posted 200,000 songs in the beginning, and now I'm converting, organizing and uploading them overnight with contractors. Time was more pressing because there were already too many users and the word formal open became colorless.

There is no place like Korea to push. Thanks to this, Johnstone Electronics and the newly launched Johnstone Systems are working 24/7.

South Korea's Johnstone Card was also busy working on the last stage of the J-point system, checking the music shield at the group level and putting the songs on the J-Tunes Web Store on the blocklist.

As well as fixing and smoothing errors in the J-Tunes program, associates from the U.S. and South Korea were excited to stabilize new services.

Warner and Marble Entertainment are both new acquisitions in Manhattan, New York, not far from here. At least the two places in New York together asked me to drive them to one building.

Compared to Warner music with 3,500 employees, Marble is only 250, and there are no major obstacles to moving in the street.

As I was about to acquire the two companies and finalize my investment, I continued to stay in New York for many days. Even if you can go to LA for 4-5 hours, you can't help but feel comfortable staying at a hotel if things continue to work.

I worry a lot about getting invested. Initially, they were going to get invested exclusively in Warner Music, but people were paying more attention to Johnstone entertainment. Warner Music itself, of course, is considered to have surpassed several times the acquisition price. The outcome of the initial letter of intent to invest. There has already been an offer to buy 25% of the shares for $2 billion, which has already quadrupled.

However, my head got complicated when an institutional investor offered to buy 10 billion dollars' worth of Johnstone Entertainment.

'Dammit, $10 billion is a lot of money to worry about.'

There's too much to do for 20 billion dollars if you only sell it for 10 billion dollars. I can also acquire a few companies that I care about, especially the Time Warner Cable, build it into a large-scale engineering center that researches new technologies, and now hotels in New York are shit cheap, I can put one or two hotels in shopping baskets for the Johnstone Hotel.

You can also acquire the energy-related facilities and assets that Enron currently has in common with measles. Right now, I'm preparing to acquire power facilities in California, and I'm greedy to hear the word "energy" or "massive power consumption that goes into turning data centers."

The reason institutions are so obsessed with Johnstone Entertainment is because of course they own the license to use the core technology of J-Tunes, the Music Shield, and the Web Store. In other words, Warner Music is just a servant no matter how much money he makes. Once you're away from Johnston Entertainment, you become a regular music record company. However, financial experts in New York are not fools, so there is an eye that pierces the investment.

'I can see the money right now, but I'm sorry to give mine to someone else. Tsk.'

I'm trembling alone, and someone's coming in. This is Mr. Crimson and Mr. Brandt, the CEO of Warner Music. However, my face is slightly reminded.

"No? What happened this morning?"

"Yes! I'm here to see the chairman, and I came up with Brandt because he has good news."

I have a strong feeling that the news is good news. In fact, today is the first day that Jenny Lopez's remix, J to the.LO The Remix, is released at the J-Tunes Web Store. We've attracted a lot of big singers recently, but it still takes a little time to work with Warner Music because of our contractual relationship with existing companies. The first batsman was Lopez's record.

"So, how much have you sold so far?"

"Chairman! Don't be alarmed. As you can see, there have been over 30,000 downloads of albums from yesterday's government to today's time in the Web Store. With this trend, I'm cautious about 60,000 today, 400,000 in a week."

"400,000? Well, now that you've set your price at $11.99, your projected revenue is around $4.8 million. Is this a lot?"

I don't know what the actual net profit would be if sales were this high. First of all, the production and advertising costs are low, so the net profit is quite good, but the lack of experience does not give me a sense of how successful this is.

Usually CDs are sold for $17-19, but they disagree when pricing online albums. Some associates offered to pay a staggering price of $9.99, while others said it would be difficult to raise the price once, at $13.99, and later discounts if needed. After all, I cut it off halfway to $11.99, and it was fine.

"Haha! This is really something. Especially with remixes, it's not easy to sell tens of thousands a week. This is even better than Michael Jackson's biggest remix ever and Madonna's You can dance."

I heard Brandt's explanation and it worked. Heheheh. I'm sober from the start...

"When I first said you were only going digital, I was very worried. And he was also intrigued because he didn't promote it to a station or to an existing channel. Hahaha."

"I'm really excited about our J-Tunes Web Store right now. Of course, the promotion of this album, the first demonstration case, will happen on its own. and they're exporting online ads from Myway and Google. It's just that there's less reliance on existing media."

It is no wonder Brandt is not familiar with the promotion process of the online channel in Johnston Group. However, I was somewhat certain. It is because I already have considerable experience with 'floating’ through Myway and Google.

"I was worried about you, Miss Lopez, but your manager must be a little upset. I'm going to cut my profits in half by raising the basics and reducing my running warranty because I'm worried about getting ahead. I don't see why we did such a good thing. Hahahaha."

"Phew, I know. Let's make sure Miss Lopez doesn't get upset. Huff."

This time I dared to create a CD and choose a way not to release it to the store. It is the first completely digital album. We did this because this was not a new album, but a remix, and the singer was a superstar, and he was confident in promoting it.

But it was an adventure, and at first Jenny Lopez and her manager disagreed. I guess I wasn't as grumpy as I used to be. After several persuasions, he signed a contract to significantly increase the base coverage amount in case it succeeded, and lower the running warranty instead of taking a substantial amount regardless of success. However, this is how the sales volume is recorded. Hehe.

Starting this afternoon, articles from the Internet newspapers and various sites have been spreading rapidly to announce the success of the J-Tunes Web Store.

< J-Tunes Webstore, great first album ever! >

< First fully digital album opens a new music distribution channel >

< J-Tunes Package, First Home Run! >

Artwork Reviews

Released in January 2002, the J to the.LO The Remix remix album ranked third in its history and sold 156,000 copies only in the United States in its first week.

We sold 1.5 million copies in the United States for a year, four million copies worldwide.

For the record, Michael Jackson's history and Madonna's Eucandance sold six or five million copies, respectively.