The credit crunch has affected the global market. TVB had already laid off over 200 workers and they have also frozen the salary of the employees too. TVB has organized "Stronger force Hong Kong" activity yesterady. Stephen Chan, general manager took over 5o TVB artists out to promote this activity. Ah Jei Liza Wang attended the event even though she was ill. Since the global economic crises, the entertainment industry has been hardly hit. A lot of TVB artists are willing to take a pay cut till the economy recovers. Following the success of the series "Moonlight Resonance", Raymond Lam and Linda Chung have been invited to numerous shop opening ceremonies and appaered in commercials. They both said that they would reduce their fees. Raymond said if by reducing his fees, he would get more jobs offered to him, he would accept to get only 70% of his normal fees. He also wanted to work with the company. Raymond stressed "I want people to think that TVB artists are cost effective and we are worth it. Under this economy, there is always room for negotiation for fees. In fact, the credit crunch has not affected me a lot personally because I didn't know how to invest..Although I always wanted a grand home, the house price has been affected too. I am feeling a bit confused." Linda Chung expressed that she had earned a lot last year, but he earning for this coming year maybe reduced. But she doesn't know if her fees would be reduced " She said "I am willing to reduce my fees, even it is cut to 50%, it is still OK with me. But the decision lies with the company. In fact, I am happy that I still have job offers. I am not wouking just to earn money, artists also want publicity too." Moses disclosed that his fees has been reduced quite a while. "In fact, artists only want to work and a chance to work together. Therefore we have to work with the company together in this difficult times " Nancy Sit said even the Chief Executive said the economy is bad,m she is a bit worried "Chief Executive shouldn't say that, that would scare people off. I will be working harder from now on and I will reduce my fees too. Although I have been affected by the credit crunch, the luck red packets I give out in the Chinese New Year will bot be reduced. I have prepared $118,000 already for the lucky red packets, hopping everybody has a happy new Year." Bosco's new record sales are very good. JHe said so far, his fees has not beed reduced. He has a few jobs lining up for him, that includes some stage live shows. That hasn't been afftected too. Susanna Kwan expressed that she is lucky saying "Luckily I didn't invest, I bpought a flat but I live in it. therefore I don't have a problem. My fees have not been reduced . Up till now, my income has increased from last year." She expressed that she is getting older therfore she needs to looke after her own health. Therefore she will rest during the Chinese New Year period. Margie Tsang has a habit of investing in "blue chip" shares and she has been affected following the stock and share slum. She joked 2 I have to work eeven harder, like Jacky Cheung, hopefully, I earn back what I have lost. Although I have lost 40% of "Hong Kong Bank" shares, they are only figures and I am leaving the shares for my son; I am sure the share price will go back up one day." Source:MingPao Translator:dragon888@***/AVN
