11 minutes ago, worldwide angel said:

whoever does aespa justice first is who i'm siding with               

PERIOD!!!

 

and whew at the aya nakamura stanning go awff sis

 

as sad as this is. the inner villain in me

wants YG to take advantage of this 

before they get snatched up top 

 

time for J#1SOO's solo  

Just now, MonsterNavy said:

PERIOD!!!

 

and whew at the aya nakamura stanning go awff sis

 

i listen to mothers

i very rarely listen to

people who can not

mother

Not people calling Hybe a monopoly when Kakao is the real monopoly in this equation  

 

 

21 minutes ago, Gui Blackout said:

How is that a problem? Having these groups with longevity and legacy is one of SM's strengths 

It's a complete waste of resources.

 

In times where 4th gen groups are getting around 3 comebacks a year, SM is giving its main gg 1 comeback while still giving comebacks to these 20 year old acts that make absolutely no profit.

 

From a legacy standpoint, it's great for the artists. Financially, it's idiotic. 

Edited February 10, 20233 yr by Gaia

10 minutes ago, paperfectdelusion said:

From fan's perspective yes and I love that! But from a business perspective, those act usually got high contract renewal fee while general album release and touring might barely cover it.

But even from a business perspective having these acts, even at a high cost, is worth it. What sets SM apart is that they have the greatest roster of talent in the industry, by far. It's what made their brand. Hype had to go on shopping spree and mass debut all these groups to manufacture a "Hybe family" similarly to what SM has.

Article: HYBE takes over SM.. purchases Lee Soo-man's 14.8% stake becoming largest shareholder

Source: SBS

 

HYBE, BTS' agency has taken over its rival and largest K-pop agency SM Entertainment.

As a result, the K-pop industry is about to create a mega "dinosaur" agency with BTS, Seventeen, EXO and NCT under one roof.

On the 10th, HYBE announced plans to acquire a 14.8% of the 18.46% stake held by Lee Soo-man, SM's major shareholder and former general producer for 422.8 billion won.

 

Kakao joined hands with SM on the 7th with a paid-in capital increase of 9.05% but HYBE joined hands with Lee Soo-man and quickly overtook them.

HYBE currently houses popular K-pop stars to include Seventeen, TXT, Enhypen, NewJeans, and Le Sserafim, led by BTS. 

SM also has a number of competitive IPs such as TVXQ, Super Junior, SHINee, EXO, NCT and aespa so their combination is expected to have a big impact on the K-pop market. 

 

Regarding the deal, HYBE stated, "The acquisition of SM is aimed at concentrating the global capabilities of both companies to become a game changer in the global pop music market. Prior to signing the contract, Chairman Bang Si-hyuk, founder and largest shareholder, and former SM Executive Producer Lee Soo-man shared concerns about the future of K-pop and formed a consensus on how to find a solution. One of the solutions was a stock transfer contract."

 

"Alongside the acquisition, we will also put a massive knife cut to SM's operating structure. We have confirmed Lee Soo-man's commitment to improving SM's governance structure. HYBE already has the highest level of governance transparency through our board-centered management. We will take an active role in improving SM's governance structure just as we have led industry advancement with a multi-label strategy operation and fandom platform development."

 

"I expressed my respects to Lee Soo-man for his development of K-pop into an industry. I also stressed my willingness to realize the global vision that Lee Soo-man has drawn that includes implementation of his metaverse (Kwangya), establishment of a multi-label system, and his campaign to save the earth. We will continue to expand on this."

 

"Lee Soo-man has decided to receive some fees for 3 years from the end of the contract between his private production company Like Planning and SM but decided not to receive them during the agreement with HYBE."

 

"As a measure to show his willingness improve SM governance, Lee Soo-man also decided to fully cooperate with the improvement of SM's governance structure by transferring his personal stake in SM affiliates to HYBE."

 

We will also be taking public a bid for shares held by minority shareholders of SM at 120,000 won per share. This is the same price as Lee Soo-man's acquisition price. Financing for the open buyout has already been completed."

 

"We formed a consensus with Lee Soo-man to proceed with an open purchase in order to share the management premium he will enjoy with minor shareholders. We plan to create synergy in all business areas with the acquisition of SM as an opportunity. 

 

As a result, the controversy over SM management rights triggered by the production reform plan (SM 3.0) excluding Lee Soo-man and Kakao's stake acquisition seems to have been settled with HYBE's sudden acquisition of SM.

 

The music industry is paying keen attention to SM's shareholder meeting scheduled for next month.

 

Edited February 10, 20233 yr by New Edition

5 minutes ago, katyberry said:

 

 

My Naevis, we love you 

24 minutes ago, paperfectdelusion said:

throwback acts like Super Junior, TVXQ and BoA having more than one comeback within a year

tvxq hasn't had a korean comeback in 5 years and boa has a korean comeback every 1-2 years (it was almost 2 years between better and forgive me) 

idgaf about suju but they're under their own sublabel and management and them having comebacks has no impact on other acts ffs 

I don't think HYBE will be SM's downfall though, I can imagine SM bouncing back from all this messy releases from 2022

worse case scenario is SM 2023 releases might get delayed or pushed back but that's it

38 minutes ago, Vrx. said:

SM was doing fine what happened

Yeah they had to pay taxes but they earned second only to HYBE these past couple of years so wtf gives 

Seems like more of a pre-emptive measure to me than a last resort or having to digging themselves out of a ditch. Their heaviest struggles right now are internal and relevant to the corporate structure, not financial implosion.

1 minute ago, Gui Blackout said:

But even from a business perspective having these acts, even at a high cost, is worth it. What sets SM apart is that they have the greatest roster of talent in the industry, by far. It's what made their brand. Hype had to go on shopping spree and mass debut all these groups to manufacture a "Hybe family" similarly to what SM has.

Brand doesn't pay the bills. Everyone can see SM has been struggling since 3rd gen. They had multiple 2nd gen acts making it big and scoring hits with SUJU, SHINee, SNSD, and f(x). But with 3rd generation they only had EXO and RV. Now its 4th gen and all these groups are popping off and their only successful 4th gen group is already struggling 

 

 

SM's inability to let go of their old groups that are making 0 impact or noise is why they have also struggled to debut new groups. They can't manage 20 active groups. 

 

 

Is it THAT serious  

 

Beating people up in line for concert tickets is INSANE

7 minutes ago, New Edition said:

Alongside the acquisition, we will also put a massive knife cut to SM's operating structure. We have confirmed Lee Soo-man's commitment to improving SM's governance structure. HYBE already has the highest level of governance transparency through our board-centered management. We will take an active role in improving SM's governance structure just as we have led industry advancement with a multi-label strategy operation and fandom platform development."

Welp this confirmed all my worst fears about this

 

What a dark day

1 minute ago, Gui Blackout said:

Welp this confirmed all my worst fears about this

 

What a dark day

Yeah this is the crux of everything. When I read this: "Alongside the acquisition, we will also put a massive knife cut to SM's operating structure. We have confirmed Lee Soo-man's commitment to improving SM's governance structure. HYBE already has the highest level of governance transparency through our board-centered management. We will take an active role in improving SM's governance structure just as we have led industry advancement with a multi-label strategy operation and fandom platform development." I was like 

 

It can be good in some ways, but I really don't know how what's going to be left over when the smoke clears.

4 minutes ago, WeFoundWill said:

 

Is it THAT serious  

 

Between HYBE and Kakao serving endless Game of Thrones cosplay in Korea today, to people assaulting each other in the streets of Mexico for Blackpink tickets, what in the KPOP hell is happening today. Endless mess 

 

Which SM female idol will have to take these kinds of pics with Bang PD?

Are SM artists now no longer allowed to perform on MBC?

Just now, New Edition said:

 

Which SM female idol will have to take these kinds of pics with Bang PD?

I nominate Karina as HYBE’s new princess to battle against one Kakao’s Wonyoung 

6 minutes ago, Gui Blackout said:

Welp this confirmed all my worst fears about this

 

What a dark day

They’re basically saying that they’re just going to cut out Kakao management and the individuals that are beefing with LSM (basically the CEOs/their immediate teams).

 

I wish it meant they would cut SM’s choreographers  

13 minutes ago, Gui Blackout said:

But even from a business perspective having these acts, even at a high cost, is worth it. What sets SM apart is that they have the greatest roster of talent in the industry, by far. It's what made their brand. Hype had to go on shopping spree and mass debut all these groups to manufacture a "Hybe family" similarly to what SM has.

I agree, it's a great thing but there's no reason that Key should be having more push than Aespa. His comebacks look more well thought out than NCT too, and despite what stans say, there's no way the creative direction/execution has anything to do with the artists efforts. There's ways that SM can continue to push all their acts without giving less to the ones who should logically be prioritized.

4 minutes ago, New Edition said:

 

Which SM female idol will have to take these kinds of pics with Bang PD?

Karina, Taeyeon and Boa probably 

1 minute ago, New Edition said:

 

Which SM female idol will have to take these kinds of pics with Bang PD?

its not really that worse than what SM idols has been doing with his artists