Yesterday, Oriental Daily revealed that a turning point was reached in the former deadlock dispute between TVB and the Hong Kong Recording Industry Alliance, dubbed as the Big Four Recording Companies, which included EMI Group, Sony Music, Universal Music, and Warner Music Group. Since TVB’s majority stakeholder, Charles Chan (陳國強), was caught in the a stalemate with the Big Four Recording Companies for a period of time, he asked good friend, Eric Tsang (曾志偉), to intervene on TVB’s behalf. Due to Eric’s good relations with Universal Music’s executive management, there was a turnaround in the deadlock, bringing the contract negotiations back to the table. As a result of Eric’s intervention, TVB and the Big Four Recording Companies have reached an agreement regarding the royalty distribution. An outstanding issue in the contract negotiations was whether singers partnering with TVB will be allowed to appear on other rival television stations. The reporter contacted Eric Tsang, who was on an airplane at the time and could not respond to the media’s inquiries. TVB Deputy Director of External Affairs, Tsang Sing Ming (曾醒明), indicated that there was a turning point in the dispute between TVB and the Big Four Recording Companies. Both parties were sincere in wishing to resolve the contract dispute and meet for further negotiations. The two most critical points in the negotiations involved the amount of the royalties and the terms of the contracted singers. Mr. Tsang was uncertain whether the contract dispute with the Big Four Recording Companies will be resolved prior the TVB Anniversary. Since the agenda for the TVB Anniversary has already been planned, it will be difficult to incorporate the singers into the TVB Anniversary program. Creds: Oriental Daily/oncc/Dramasian
Eric might have a mouth that not everyone likes.... But he's a sincere person that would help out anyone who needed it..... I WANT SUPER TRIO BACK!!! AS long as Eric and chin ka lok is the host, i DONT CARE how many shitty hosts there will be..... I JUST WANT IT BACK!!!
Another reason why TVB wants to resolve this issue is, they don't want the big 4 and TVB to have farther problems because new rival TV companies will want those big 4 artists as well.
He should bring back super trio But anyhow, ill laugh if the other company was just bluffing so TVB would treat their artist better.
The dispute had gone on for too long...lets hope this will be finally resolved, and let the music be heard across the board...
I have to agree! Eric Tsang only have a big mouth but he is always willing to help other ppls like friends and family when they need his help. Good man!
