Tuesday February 13, 2007 Hong Kong The 26 year-old Edison Chen Koon Hei recently invested $10 million (HKD) to open his own multi-media company, Clot Media Division. Edison is the CEO of the company and his partners include DJ Tommy, Chen Huanjen, and Lin Chienyueh. A press conference was held at the Four Seasons Hotel yesterday announcing the founding of the company. Leaving behind his normal hip-hop look, Edison wore a black business suit yesterday. Edison's godfather, Anthony Wong Chau Sung and director Andrew Lau Wai Keung (of "Infernal Affairs" fame") were also present at the press conference. Clot Media Division will produce movies, commercials, and music albums. CEO Edison said, "Two years ago, I thought about creating my own company, but I was waiting for my EEG contract to expire." "I didn't want to sign with another music company after EEG. I put in a lot of effort and time in a music album, however I only reap X percentage in royalties!" Edison indicated that when he signs new artists, the company's profit-share cut will be less extreme than most music companies. Did EEG take a steep profit-share cut when Edison was under their management? Edison said vaguely, "It could have been better!" Clot Media Division has already signed 2 new artists, who are in training. But Edison insisted that he will not be signing his girlfriend, "Of course I won't sign her! I'll be shocked if she becomes an artist!" Edison hopes to retire at age 32. If there are good scripts, he will continue to film. However he will never retire his microphone [stop singing]! credits: Dramasian, asianfanatics.
maybe he'll sign some underground HK rappers...or even Jin -lol thats what the HK scene needs right now...more variety of music...10 million is most likely from his father's pocket
haha def money from his daddy's pocket. sure the guy had no talent but he's got the connections and networking and that can get you pretty far in life. darn these people and their rich daddies
omg, did you guys see the CLOT clothing? i like i like... but it looks a teeny bit much like BAPE......... but still none the less. hmm even if the dude doesn't have talent and is using his baba's moolah, he's got some serious business skills.
clot clothing is like over price, design wise i like bape more. edison its like ehhh not that great..
wow $10 million...rich people! wow edison to become CEO thats very good, nd alrdy signing 2 new artist =D
I like how shinobi suggested Jin. That's what the world needs. More jin, nobody has the skills in hip hop in HK. Could he be the future or at least usher in a new era?
yay, ive always been an edison fan, so i feel really happy for him to not be a puppet like so many others in the HK industry. Being is rich is nice...
rich daddy? really? i wld have thought it's those music and movies. i wld have guessed i shld be part of his shareholders since I have paid for some of her movies b4. doesn't that entitle me to maybe a 100 shares?
dont kid your self <_<....now and days it's hard to make 10 million...espasially in asia... i dont even think Andy Lau made 10 million and he's been in this industry for 20+ years...only people who actually has earned that much is probably the movie stars chow yun fat and chow sing chee etc. because their films SELL WORLD WIDE.
how do you know how much they make? not like their income is open to the public and of course it varies each year.
