Gui Blackout Posted February 10, 2023 Posted February 10, 2023 Doesn't Korea have antitrust laws? Why are they allowing Hybe to create this glaring monopoly in the industry?
Sheegs Posted February 10, 2023 Posted February 10, 2023 I saw GFRIEND slander and thought to myself how KTRL never changes even after evolution from trogolodytes (atrl) to current homosapiens (stan Twitter). Y’all will never put respect to groups who don’t come from a company who’s logo has the same colour as a prolapse hole or the same colour as piss from a diabetic patient. GFRIEND (with lovelyz) has gave birth to some of these 4th gen groups so put some respect to their names.
Vrx. Posted February 10, 2023 Posted February 10, 2023 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
Eternium Posted February 10, 2023 Posted February 10, 2023 2 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 HYBE pays better so they lost some key employees (MHJ, especially). But really, this isn’t happening because SM is doing poorly - 2022 was their biggest year ever. This is happening because there’s an internal fight between family members and both parties want to spite each other. It’s why the Bang family is so much smarter. One brother built a music empire and the other built a mobile gaming empire and they’ve used the profits to absolutely devour everyone.
Gaia Posted February 10, 2023 Posted February 10, 2023 7 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 None of this would have happened if LSM wasn’t a greedy scammer who is leeching money from SM by forcing them to use his production company that takes insanely high profit margins. SM effectively wants to get rid of any routes LSM gas set up within the company to syphon money “legally”
paperfectdelusion Posted February 10, 2023 Posted February 10, 2023 The problem with SM is that they have too many legacy acts. There's absolutely no reason that throwback acts like Super Junior, TVXQ and BoA having more than one comeback within a year not to mention prioritising them over newer act like aespa and NCT dream. I think neither KaoKao nor HYBE would be happy about that so yeah we should get ready for GFRIEND situation 2.0
MingYouToo Posted February 10, 2023 Posted February 10, 2023 2 hours ago, Dialamba said: Yg better fight for BP because they don’t renew YG is pretty much over. I will say it right now, in terms of potential, BLACKPINK has the ability to do miles beyond what BTS has achieved, the only thing holding them back is really their own ******* label. Had they been under HYBE or whatever competent label, with actual constant releases and sensible promo cycles, they would be neck in neck with BTS globally easily. So YG better act right before HYBE attempts to steal BLACKPINK under YGs nose or Warner or Republic from the U.S. tries to do as well.
Vrx. Posted February 10, 2023 Posted February 10, 2023 7 minutes ago, Eternium said: HYBE pays better so they lost some key employees (MHJ, especially). But really, this isn’t happening because SM is doing poorly - 2022 was their biggest year ever. This is happening because there’s an internal fight between family members and both parties want to spite each other. It’s why the Bang family is so much smarter. One brother built a music empire and the other built a mobile gaming empire and they’ve used the profits to absolutely devour everyone. 1 minute ago, Gaia said: None of this would have happened if LSM wasn’t a greedy scammer who is leeching money from SM by forcing them to use his production company that takes insanely high profit margins. SM effectively wants to get rid of any routes LSM gas set up within the company to syphon money “legally” So it’s basically giving a monopoly to HYBE in an attempt to prevent each other from making more money? How petty is that
Gui Blackout Posted February 10, 2023 Posted February 10, 2023 2 minutes ago, paperfectdelusion said: The problem with SM is that they have too many legacy acts. There's absolutely no reason that throwback acts like Super Junior, TVXQ and BoA having more than one comeback within a year not to mention prioritising them over newer act like aespa and NCT dream. I think neither KaoKao nor HYBE would be happy about that so yeah we should get ready for GFRIEND situation 2.0 How is that a problem? Having these groups with longevity and legacy is one of SM's strengths
New Edition Posted February 10, 2023 Posted February 10, 2023 25 minutes ago, Sheegs said: I saw GFRIEND slander and thought to myself how KTRL never changes even after evolution from trogolodytes (atrl) to current homosapiens (stan Twitter). Y’all will never put respect to groups who don’t come from a company who’s logo has the same colour as a prolapse hole or the same colour as piss from a diabetic patient. GFRIEND (with lovelyz) has gave birth to some of these 4th gen groups so put some respect to their names.
worldwide angel Posted February 10, 2023 Posted February 10, 2023 whoever does aespa justice first is who i'm siding with
WeFoundWill Posted February 10, 2023 Posted February 10, 2023 6 minutes ago, MingYouToo said: I will say it right now, in terms of potential, BLACKPINK has the ability to do miles beyond what BTS has achieved, the only thing holding them back is really their own ******* label. Had they been under HYBE or whatever competent label, with actual constant releases and sensible promo cycles, they would be neck in neck with BTS globally easily. So YG better act right before HYBE attempts to steal BLACKPINK under YGs nose or Warner or Republic from the U.S. tries to do as well. the problem with the "Blackpink would be much bigger under a different label" argument is that It’s flawed. No other company, especially the other big 3, would’ve been able to create the exact Blackpink sound, aesthetic, image or visuals. Which leads to the question if they wouldve ever been as as successful. Truth is that if you take BP out of YG a huge part of their artistic identity is being taken away as well
paperfectdelusion Posted February 10, 2023 Posted February 10, 2023 Just now, Gui Blackout said: How is that a problem? Having these groups with longevity and legacy is one of SM's strengths 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.
New Edition Posted February 10, 2023 Posted February 10, 2023 So is the new SM girl group and SM boy group still happening this year or is Hybe gonna scrap that?
WeFoundWill Posted February 10, 2023 Posted February 10, 2023 the only way BP under ANY other label would work is if Teddy and RTee came with them alongside their 2 go to MV directors
MonsterNavy Posted February 10, 2023 Posted February 10, 2023 3 hours ago, Flomik said: plss - all this mess Jessica and my f(x) girlies really won in the end huh?
MonsterNavy Posted February 10, 2023 Posted February 10, 2023 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
worldwide angel Posted February 10, 2023 Posted February 10, 2023 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
worldwide angel Posted February 10, 2023 Posted February 10, 2023 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
Billionaire Posted February 10, 2023 Posted February 10, 2023 Not people calling Hybe a monopoly when Kakao is the real monopoly in this equation
Gaia Posted February 10, 2023 Posted February 10, 2023 (edited) 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, 2023 by Gaia
Gui Blackout Posted February 10, 2023 Posted February 10, 2023 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.
New Edition Posted February 10, 2023 Posted February 10, 2023 (edited) 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, 2023 by New Edition
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