Ye Jin then invested $500,000 with George Lucas to establish a special effects company. Ye Jin also respects history and suggested that it be named [Industrial Light and Magic].

George Lucas admired this name very much after hearing it, "Mr. Ye, I think this name is very good. How did you think of this name?"

"I think movies are the art of light and shadow, and movie special effects should be like industry, scale, modular and industrialized." Ye Jin smiled, "so I gave this name."

After hearing Ye Jin say this, George Lucas nodded in agreement.

Hollywood special effects were born since the end of the 19th century, when the movie was invented, and it has been nearly eighty years since then. During these eighty years, Hollywood special effects have also evolved, from shutdown and shooting technology to multiple exposures of masks, from landscape painting technology to forced perspective, from frozen shooting to miniature models...

Although special effects technology is constantly improving, film companies do not pay much attention to it. Many of them have laid off computer special effects departments, and even those giants are no exception.

The existing special effects companies are also very difficult to survive. Most of them are very small companies and can only take on some movies that require less special effects technology, which is far from scale or industrialization.

George Lucas didn't have much ambition at the beginning, just hoped that this special effects company could support the shooting of "Star Wars".

However, now hearing Ye Jin's words, he couldn't help but arouse his desire.

Hollywood has to make thousands of movies a year, and there are many movies that need special effects support. With the popularity of "Jaws", movies like this with thrilling stories and gorgeous special effects will likely be the mainstream of movies in the future.

This requires the support of special effects technology, so special effects companies are actually very promising. If according to what Ye Jin said, "Industrial Light Magic" needs to develop a large-scale, industrialized and modular development route, it may be able to develop well.

"Okay, we're going to call it [Industrial Light Magic]." George Lucas nodded, and his eyes looked at Ye Jin less resistance.

...

After the official registration of Industrial Light and Magic, George Lucas began to recruit personnel to provide special effects technical support for Star Wars.

Ye Jin is actually not a technical control. Although he knows how realistic the computer special effects in his previous life can be achieved, he basically knows nothing about how others did it.

Therefore, Ye Jin did not interfere with how Industrial Light and Magic recruited and how employees developed new technologies, and left them all to George Lucas for work.

Compared to Ye Jin's ignorance, George Lucas is definitely a technical mate. He graduated from the University of Southern California, Los Angeles, and the first step film "thx    1138" is a science fiction film.

In his previous life, under his leadership, Industrial Light and Magic won the Oscar for Best Visual Effects 15 times and became one of the greatest special effects companies in Hollywood. Therefore, it is really appropriate for him to recruit and manage Industrial Light and Magic.

Seeing that Ye Jin handed over all the power of the company to himself, George Lucas was very happy and was not alert to being used by Ye Jin.

He was originally worried that Ye Jin would seize the power in his hands after he bought the shares, but now it is a false alarm. He only holds 50% of the shares, but he can fully control the company, which is really great.

...

Just as George Lucas recruited the special effects team, Ye Jin took the time to go to MCA Records and handed them the mastering of the song "What    Makes     you       Beautiful" he recorded.

"Ye, this song is really good." Jason Bateman clapped and smiled after listening to it, "I said earlier that you are a rare talent, and it turns out that it is true."

"Thank you for the compliment." Ye Jin nodded and smiled.

Jason Bateman then handed him a check.

Ye Jin took it and saw that it was $500,000.

"This..." He looked at Jason in confusion.

"This is the record dividend you deserve. I'll give you these first, and then give the rest slowly." Jason Bateman explained. "Originally, the singer's dividend settlement period was half a year plus ninety days. This is the best-selling company's record in view of your record, so I'll withdraw it to you in advance."

When Ye Jin heard this, he nodded.

The settlement cycle between America's record companies and artists is indeed half a year plus ninety days. Half a year means that the record companies settle royalties with artists every six months. Ninety days is the time for capital turnover.

The reason why there is such a long settlement cycle is that as mentioned earlier, half of the records in the record company do not make money. Therefore, it needs to delay the settlement cycle of the royalty and maintain its own cash flow as much as possible.

You should know that for a record company, the royalties settled by thousands of singers may be as high as hundreds of millions of dollars per issue. This money is postponed to be paid for nine months, and the interest rate alone is a large amount of money.

Because Ye Jin is now popular, the singles he released are more popular.

For singers who can make money for record companies in this way, record companies will also try their best to win over and give various discounts.

Therefore, although the nine-month settlement cycle has not yet reached, Ye Jin still received a dividend of $500,000 first.

A half-million dollar may not seem like a lot, but in fact, this money is definitely a huge sum of money in America. It can buy a beach villa and a super sports car, which is enough for a person to live happily for several years.

As for the remaining dividends, Ye Jin is not worried about not being able to receive them.

Yamelica has third-party companies that specialize in stating record sales and single playback, such as Ascap (Amelica Composer, Lyricist and Music Publishers Association), and BMI (Amelica Broadcasting Music Association).

As well as various trade unions, such as the America Musicians Association, the America TV and Radio Artists Association, etc., it is difficult for record companies to hide their record sales and squeeze out the normal income of singers.

Once found out, the Yamelican union will not forgive you. Therefore, this part of the income is still very secure, and Ye Jin is not worried about his own interests being damaged.

"Thank you." Ye Jin dusted the check and then put it on.

"Mr. Ye, continue to post songs at this speed. After two to three months, your first album will be officially released." Jason Bateman smiled again.

An album usually has ten to twelve songs. Ye Jin basically releases a single every half month, so that he can release an album every six months. Given the good quality of his songs, once the album is collected, the sales will definitely be good.

"Yes, I'm looking forward to it too." Ye Jin nodded.

A single can only sell for ninety cents, while an album can sell for four dollars. With the same sales volume, selling an album will make more money than selling a single.
Chapter completed!