SM Addresses HYBE's "Hostile Takeover" and it's messy. (pt. 1)
I do not own any of SM's footage or stage mix footage shown in the video, please support the official release!
I can already hear some of the comments, "you obviously bias HYBE like you just hate SM!" Me critically analyzing a COMPANIES response to another and calling out the awful points they make is not me picking a side, I don't like either companies here, so please accept that.
Sources:
• Video
carat.fandom.com/wiki/Sales_a...
koreansalestwt.blogspot.com/2...
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www.forbes.com/sites/tamarher...
www.soompi.com/article/140243...
- The disconnect online on how HYBE works as a company is honestly astonishing if anything. People out here act like HYBE is still a music label and fail to remember that HYBE is a massive Umbrella company. SM needs to be held responsible for this horrible dialogue created online and putting THEIR artists in the crosshairs. Irresponsible by SM, HYBE, and LSM. No one is safe here.
Also at one point I say that TXT sold double what Aespa did in 2022 and they only sold 900k more. Shoutout to Taejiu for not being able to do basic fucking algebra but my point still stands XD.
NOTE: Everything here is an opinion, and I am not a marketing major nor a business major, so please take any opinion from me based on market shares with a grain of salt.
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#hybe #smentertainment #kpop
SM breaking their silence like the beauty gurus in 2018
😭😭
2019
When SM gave a faster statement about this than the situation with Lucas 😭
Frrr
just goes to show how little they care about their artists and their protection, sm is so full of shit.
SM in their blockberry creative era 😍
“Group T” and “Group S” 😭😭😭😭 man it sounds like SM is mad that they’re not as big as they used to be and instead of doing something useful they are crying and waiting for a miracle
ikr
Absolutely 💯
I would be soooo embarrassed if I worked at SM Istg what is this mess🗿🗿🗿 Aren’t you supposed to handle it privately and professionally😭
Yeah you are. This is a complete joke.
the fact that it's between an uncle and his nephew too 💀 targaryen civil war of kpop, dramageddon of kpop
This is black mamba game 🔥
They’re not supposed to handle it privately because they are a publicly traded company so it’s their obligation to share this information with the public. Hope that helps
@@marvsk5703 no.
As a fan of a lot of sm groups, I feel like sm had all of this coming. They have under managed and over worked so many of their artists, ignored the wishes of said artists, ignored the needs/ wants of artists, denied creative routes and freedoms, and SOOOO MUCH MORE. I've always supported the artists versus the company because they never can do anything seemingly right. Hearing they've literally been mishandling the money that goes to the artists and, again, MORE. It's just so beyond disappointing. It makes me so sad to see the people I enjoy and adore be so mistreated. Especially WayV, Aespa, and Mark/Haechan. Other members or these groups and other groups having to perform injured. LITERALLY NO ONE being promoted correctly some worse than others. I'm over it. EDIT! I'm talking about ALL sm artists. Groups like suju, SHINee, Red Velvet, Exo AND MORE have opened up about the mistreatment underneath the company. Also I wanted to mention that, YES, there are other terrible companies out there. I'm not saying hybe is a saint. BTSs early days are a show of that. I'm not a supporter of any company most of the time. Normally a supporter of the art/artists under them. Yes that does support the company itself but I'm not going to blindly stick by what the upper hand does PERIOD.
Don't forget their employee too
@@kittycatsy that too it's all just insanely saddening you know 😕
Yeah, like other companies never done it before, right?
Red Velvet enters the chat
@@kayuberuti of course there are other companies that treat their artists poorly. We've seen so many of them since the beginning of kpop. I don't really support companies ever. I'm here for the artists and art under them. If they can't treat that very person/art with respect then why should I stay silent on the manner. Those things deserve to be praised for their hard work. Their are so many parts that go into making kpop groups work. It's not just the artists but everyone they work with on the daily. But CEOs make the call on how these people are treated and promoted. If they aren't doing their job right then everything crumbles like it is now.
SM is basically destroying whatever credibility they still have by doing these things
Your comment about "this is some BBC shit" made me laugh but I also think there's something to be said about companies acting downright goofy these days. Like companies have always been shady and greedy, we been knew. But recently they've all started airing their dirty laundry, releasing statements that seem like they were written by ten year olds having beef with their classmates, and just acting unprofessional altogether. What's up with that?
Because up to now, kpop companies are run “mobster” style by unprofessional thugs in suits.
CEOs using ChatGPT for their pr statements 😭
Because deep down they are ten year olds throwing fits. And pointing fingers.
If those company walls could talk my friend…
SM Really is exposing themselves at this point ☠
A vocal point I hear about sm Stan’s make is about how if Hybe takes over the company , they will neglect sm 💀 like sm doesn’t already do that to their own artist.
Don’t act dense there’s different types of neglect and yk damn well which one the sm fans meant
@@nagihiro1382 Please enlighten us which kind of different neglect? Red velvet for example, no tours, lightstick, official color...nor comeback these days. What else kind of neglect can Hybe do?
@@fightmebtch there’s the basic needs neglect which is when a company neglects the needs of the idols like rent for their dorms, food and water and general mistreatment which is what was happening to groups like loona, gwsn, ateen and many more. You would never guess these groups were being neglected because they were having comebacks a few times a year and everything seemed fine but no. And then there’s the professional neglect which is what sm is doing rn. They either give their artists too many comeback without a single care in the world (Nct) or no comebacks at all (aespa, f(x)..). Sm only neglects their artists on a professional level their basic needs are met.
@@nagihiro1382 None of the groups you mentioned are within Hybe though. So the question still stands, which neglect by Hybe? Because apart from minor things, like someone forgetting to post one member of a group somewhere, I haven't seen much. Biggest thing was the Garam scandal, which they tried to defend her, but the shit spilled daily by an outlet backed by Kakao btw, was too much eventually. On the other side I see Shinee, a group that I very much like, and Key as one of the best and ace artists out there in my opinion not really being supported much. Same for Taemin, I hope he can heal and come back to the stage as he belongs as an artist. But rather then giving him opportunities and also their other groups like Exo, NCT etc. SM created a very superficial group Super M only to upstage BTS, which failed nevertheless, because it was an idea not worked long enough on. Let's also not forget that SM artist don't earn as much, the chaos and overworking of NCT members, neglect of Chinese idols etc. As a BTS lover I can tell you that I would have loved for BigHit to just stay little personal BigHit. But business is not dreamland and reality does evetually hit and it doesn't spare anyone.
@@skarbuskreska you didn’t even know what the sm stans we’re worried about?? 💀 they’re worried about how hybe could possibly neglect the current sm groups (meaning with comebacks) if they take over sm since they have their own groups to manage already
It's sad when an AI group like MAVE is outdoing Aespa at their own concept. The Aespa girls are so talented I want so much better for them. SM hasn't had their stuff together in years. They feel like a relic. All the industry competence is at HYBE, JYP and smaller labels. It feels like SM and YG are both hilariously comfortable underutilizing their artists.
That's because MAVE is a collab by Kakao x Metaverse Entertainment. If Kakao takes over SM then Aespa's concept will be completely swallowed by MAVE. YG knows what they are doing. Their groups are on tour currently. It's a YG thing for years for to not give their groups comebacks every year. It's nothing new here. YG's ceo was doing a great by being a stubborn ceo. Unlike SM,that's going under water. YG isn't as stupid as SM. Kakao can't come for YG because HYBE has shares in YG plus,YG has business with Naver etc. Kakao can only bat an eye to JYP but the ceo hates Kakao.
So here's what actually happened. LSM is getting old. His creative decisions become less and less logical. The Co-CEOs and the board of directors whose mostly younger generations wants him out. LSM refused, so they blackmailed him with his crimes (embezzlement, slave contracts, tax fraud and so forth), which the SM boards knew and just let him do all that, by the way. LSM called their bluff by threatening to sale his shares to SM's direct competitors, HYBE and JYPE (Bang PD and JYP had a meeting about a month before this all mess come to light), so SM board counter him by inviting Kakao into the battlefield. And now we got to enjoy the show. Cheers.
SM is not only about KPOP - they represent actors, models, athletes; talk about disregard for its KPOP artists, what about their stable of representation for all those other working people under contract and their support staff. Focusing only on KPOP felt like clickbait; and then, only mentioning its "strategic partnership" with Kakao almost 3/4 into the presentation as opposed to the HYBE hostile takeover narrative was so deliberate, it was just a huge red flag. I commented on another site that public companies normally issue press releases to the media when they want to communicate their narrative; videos are usually kept in-house to avoid backlash, I mean they have to answer to shareholders. Now SM's dirty laundry is out for the whole world to see. HYBE will continue to operate on the QT/DL because they're not stupid and will likely focus on going through the institutional process to get their work done. Sheesh.
It is because those KPop Artists bring in the most money and not the actors and other artists. Those entertainers bring small share of revenues. That is why they are talking about the KPop Artists.
As someone who doesn't really care about business in kpop or companies in general, I find it so funny how they posted their video basically "calling out" HYBE and thinking they did something with their video when it reality it just reminds me of a teenager sending another teenager those long break up texts saying "It's my fault not yours" 😂
SM entertainment should be ashamed of themselves for the blatant fear mongering. They couldn't be more irresponsible if they tried.
And u think Hybe shouldn't? Hybe only has 14% share and wanted to take over SM? Hybe wanted SM because he knows lots of gems in SM, imagine Hybe dont need to train anymore because all groups and artists in SM already an established and big artists or groups, who in the world Hybe is, the Big Hit that manipulates and bribe MAMA the reason EXO did not attend music awards? Hybe is supposed to be ashamed not SM. SM been around, the founder of kpop not ur Hybe. So funny that Hybe think they can take over SM easily. Hybe think because 5hey have BTS they can do as they pleased. Hybe think they can manipulate SM, sorry Hybe but u can't get, things as u want. U might take over small company but not the big ones with many gems in it. Not all are dummy to be manipulated, be brainwashed and be bought. SM is 5he founder of kpop, has a long history of biggest groups, idols and artists, so don't be so stupid Hybe not all u can buy!
About the ticket point: for it to be a fair comparison it should've been between concerts held in the same stadium/theater and with similar capacity and also between the same type of tickets. I saw someone say that the pricing shown for TXT (or group T) was the one for vip+soundcheck seats while aespa's were general access. But doing a fair comparison or clarifying what data are they using wouldn't help them. About the 100 album releases limit: Hybe artist released 24 albums in 2022 across all labels, counting both Japanese and Korean releases. Even if they were to double that number to 48 it would still leave SM 52 albums for their artists to release, more than enough to cover their 40+ albums objective that they had for this year, so I don't know what they are complaining about.
fair question, is SM release 100 album a year? imagine 100 album of them a year? are they releasing album every week?
@@SS_2022 to get to 100 albums a year they would have to release around 2 albums a week
@@SS_2022 They were definitely not gonna release anything close to 100, they're just trying to gas themselves up 💀
I’m thinking new albums and compilations (a lot of them) with a one or two new songs thrown in to hit the 100 mark. I really hate it when compilations are released. They’re trying to make a quick buck without putting in the time. Money don’t grow on trees for the fans.
@@SS_2022 don't they sometimes release diff versions of albums? Maybe that counts? Anyways this is looking into the future. Once Hybe acquires even more companies eventually it will be a problem. Better to address it early on. It's not like Hybe is stopping at sm.
sm is really dragging itself to filth 💀💀
my experience with diving into the culture of big 3 company stans is that they don't like hybe because hybe = kirby eating up any label they want and also hybe = bts = bad, especially sm stans and also yg stans, although not as much imo. and from what i got out of my experiences with all three is that the big 3 company stans take a lot of pride in the company's independence and how they rose to the top by themselves and are now one of the greatest. so you could probably imagine what their reaction would be when hybe "took away" that independence from sm by becoming it's largest shareholder. just after i heard the news i giggled a lil and started envisioning what twitter would have to say about that topic. so i put down my phone for about an hour to study, log on to twitter and goodness gracious was i not surprised in the slightest.
Wanna know why? Because they belittled BTS and Bighit from the start. When BTS got popular and bighit grew to a much larger company thanks to the success of bts their pride got hurt because the ones they belittled back then is now much bigger and much more popular than their groups 😂
Lmaooo i thought the same thing 😂
I couldn't have said it better myself. There's a difference between genuinely giving criticism to the company and jumping on the hate train for no/silly reasons. I have also been critical of them in the past, but just because I didn't like some of the decisions they were making - doesn't mean I get to blame them for every single little thing that goes wrong at the company. As much as people would like to blame HYBE for everything, they can only do so much because each company/sub-label works independently.
I do wanna say I feel REALLY bad for the artists and other workers who are having to deal with this. This isn’t a acquisition but having gone through that myself(the place I worked at got bought out, I’ve also been on the other side of acquisitions as well lol) when one of the parties throws a fit it makes things much more scary and worse than it has to be. My thoughts go out to them, I hope they’ll be alright.
I've never been in this situation but i can imagine the STRESS everyone is under. They have o make personal back up plans A, B, and C, etc. and be ready for ANY outcome.
SM should just stop because it’s just hurting their artists. They’re trying to put out this narrative that their artists will be ruined but like they’ve just keep giving their artists bad song.
Not the "Group S" and "Group T" 💀💀That shit took me out. 😂This really is such beauty youtuber drama. I hope Hybe just ignores this shit because it's embarrassing. The fact that SM literally admitted that Lee Soo Man used SM for illegal activities over this to try and fight against Hybe is so funny.
You know its bad when even the SM stans are waiting for Hybe to get the company
I get that sm is trying to gain public sympathy, but uploading that video on their main channel makes everything so unserious 😭 Also to add, the concert price they put for txt is the VIP one, but they use aespa general ticket for comparison so 😭
I didn't even believe my eyes when I saw the video lol. Like I assumed it was by some ktuber or smth. It sounds so childish and not something you'd expect from such a big company
like someone in twitter say this thing is like the meme of breaking my silence
sm really just needs to get their shit together😭 atp they just exposing themselves
7:55 For this part, i’m assuming you’re pertaining to how HYBE is not releasing a statement for the public to explain their plans for SM, or at least explain their plans to SM themselves? If yes, just wanted to say that since HYBE is at the stage where their tender offer is still being evaluated, they (HYBE) cannot legally consult or discuss details in advance to the target company (SM), let alone detail it to the public. Just wanted to add more context! 😊 13:59 Additional info about this part. SM is reported to have around 600 employees, but they only surveyed less than half which already makes the data questionable. Also, if I remember correctly, BLIND (the platform they used for the survey) is a Kakao subsidiary so do with that what you will. 👀
Sm wanna boot lick Kakao so badly lmao
wow, even more shady stuff from SM, what did we expect though
Idk if you mention this in the video yet, but can we talk about how they compared TXT’s vip soundcheck prices to aepsa’s general ticket prices 😭 embarrassing to me
It’s such a legit dishonest practice it’s kind of unsettling
@@Taejiu at this point I feel like if they didn’t want a potential “takeover” then they shouldn’t have made their shares public lmao. it’s their own fault and they’re freaking out for nothing.
SM releasing their shitty personal affairs on the same yt channel that they upload mvs and songs for their artists. How pathetic! Thanks to that . Wise people and critics who were in SM's favour r now turning towards hybe.
@@persik3775 it really is embarrassing 😅
some people forgetting kakao had a power trip and 90% of kpop music was Thanos snapped out of spotify. imagine giving them more power.
Whaaat? When did this happen?
@@katharina3362 i think she was talking about IU's discography being pulled out on Spotify.
@@katharina3362 it happened a while ago(i dont remember how long ago it was) i remember everyone was freaking out because a few groups were gone and it was bc of kakao. They eventually fixed it and the music was added back, but everyone was upset and scared.
@@urmumstoe I will definitely look this up, thank you so much :) that sounds so upsetting...
My sister and I are Hybe stans and Reveluvs and honestly we're like HYBE PLSSSS TAKE SM SO WE"LL GET MORE RV COMEBACKS LOLLLLL
It’s sad because all of this happened because SM refuses to improve themselves and expect success instead of working towards success. They have been selfish, stubborn, and arrogant form the very start. And now they are acting out instead of taking this opportunity and using hybe to their advantage. They are acting like this is the end, when they could turn it into a new beginning and treat their fans and artist fairly for once. They remind me of rich people that are used to getting what they want without working for it. They have all these great groups and do the bare minimum to manage them.
Company is currently run by a nepo baby who had everything handed to him. The nephew never stood a chance and needs to go. He’s run SM into the ground.
The worst part for me genuinely is SM Stan’s on Twitter. I like groups from both companies. And when I watch the side that’s like “Hybe” Stan’s it’s mostly like “hehehe SM having a bad day lollll” lots of jokes but whenever I see an SM Stan it’s like a full thread tweet about how Hybe is gonna change the infrastructure of all of South Korea if the get shares in SM. It’s pretty clear to me why SM would want Kakao over Hybe tbh. Both will have profit but Kakao is definitely gonna benefit the top bosses in SM in the end.
SM is all about lining the pockets of the people on top. Most business do, BUT: TVXQ / JYJ, INFINITE. To name a few.
I mena it isn't as funny when you think about certain idols under SM who might leave the company, because of this circus that is going on. For HYBE stans it is like a pay day and for SM stans it is like going bankrupt, so obvs both sides aren't at their best behaviour. I personally am not a fan of both companies and am just concerned about SM artists and while without touching what HYBE might or might not do to the SM groups I have to say the groups I like are getting stuck in the middle with actual consequences to their career like aespa's comeback pushback also it is concerning that dreamies are doing a tour right now, I wonder if some NCT members will renew their contracts, so the jokes being made if not sensitive really can rub sb that likes SM's groups the wrong way.
@@duqial literally Hybe can not touch SM groups why do people keep saying that? If they’re is any mistreatment it’s on SM like it has been for years. No one can just act like all of a sudden SM artist are gonna start being mistreated when they have been for years. And if anyone has made this a circus well you can blame SM entertainment for that one because I remember them putting up video after video throwing tantrums on KZhead. And if NCT don’t renew the contract no one should go blaming Hybe considering they have no say over the contract. SM is an independent company in this. I do many people putting blame on Hybe in the future because that’s gonna be the easiest for them. Why blame the company that’s been doing it for years when you can blame the company you hate. So sad for the jokes but you are not seeing the bigger problem.
@@duqial Company stan is the most ridiculous concept I have ever come across. It pollutes any serious discussions about the actual business in kpop. There are actual merits in discussions about how a lot of kpop companies are run mobster style by thugs. There is actual merit in saying that HYBE seems to be running more in line with the world’s standard of a legal and professional multinational corporation because now they are. Is there a way to argue these points without being accused of being a “HYBE stan”. It is cringe beyond imagination.
I just want to know where the pr team of SM is xD
this all could’ve been a meeting or hell, even an email because the way they’re airing out their shit is embarrassing and unprofessional. And wasn’t lsm the one that WENT to hybe? If sm didn’t want that to happen, they should’ve figured their family issues on their own first
the bye sister video of the k-pop world... but fr what is SM doing broooo, they're not only hurting the company's reputation but also all the groups under them
I think other than they don't like change, it's their pride as well, for the employee and company (maybe even the artist too). From being the first company with a lot of History to become "subsidieries" in their baby but giant rival must hurt their pride. And from what I know from asian people, they have a lot of pride.
I hope they won't destroy the musicality of SM.
SM provoking fear into the fans by fear-mongering them is such a cheap move. And sadly, many people are falling for it... 😮💨
All the hypocrisy of SM and blind worship of their fans, as if they didn't acquire Woolim at the height of Infinite AND THEN NEGLECTED THEM!!! I will never forget.
2:03 I did NOT know that FNC was under the SM umbrella 🤯
2 Points. Ticket prices: ARMYs have pointed out that they take premium tickets for Hybe prices, but more regular ones for SM in this graph, so it's basically a lie. Also, I just know that BTS are the biggest group and demand is super high for concerts and it's always the literal Hunger Games when buying tickets. So the prices could be well above average for years already, they are not though. I live in Germany, after Corona concerts started again and I checked for prices and when I tell you some B list singer, that nobody knows apart from Germans, has the same prices as what fans reported for BTS (or even higher) then I don't believe one second that HYBE is the bad guy here. They make more money when they leave the prices average but sell out all the merch on site and with collaborations in the towns around the concerts. Sure, there are always the high price tickets if you wanna be near the stage, but that's the same for other Kpop acts, including SM. Monopoly: can we stop talking Hybe and start talking Kakao? They had some server burn and like 75% of South Korea stood still, no communication, no bank business etc. but HYBE is the bad guy? I personally believe that HYBE eventually wants to become competitive enough against big US (western) market players. Because they dictate the rules and ARMY has seen how they first tried to lure BTS into signing with a US label, then when that didn't happen and the fans had too much power for their taste, they started to change rules, so that BTS couldn't be as successful enough anymore, started rumours about fraud. These changes will reflect on all Kpop artists. They even banned the "paper" Social Media award to the red carpet only because BTS domintaed, how petty can you be? Well, aparently very much so when you fear for your industry plants to not dominate anymore and your revenue goes down. Kpop artists have a lot to offer for other music markets, but the Korean companies will need to work together. Lastly, sorry but I cannot take a business person seriously who does YT videos and creates such misleading and frankly unproffesionally looking graphs. This CEO must have been promised a lot of money by Kakao to panic that hard. He should be fired immediately, no matter if HYBE or anyone else aquires majority of shares. This man clearly does not deserve this job AT ALL and is not to trust as has been shown obviously.
They compared Aespa General Admission to TXT VIP 🙈
this whole thing is so ridiculous. and i don’t know anything abt business but from following all this from the start, and people who are involved with business and can simplify it. overall sm is just putting themselves in a bigger mess. and company stans ( sm company stans ) making this about hybe being the bad guy is so weird they do not see their idols as humans and thats sad. to sit here and agree with SM that have already neglected your fav. is ridiculous. i think what ever kakao is up to concerned lsm enough to ask for hybes help. and sm doesnt like that
SM just dropped TWO more videos?! Why can’t they handle their business like adults instead of cheap internet drama. If they spent half as much time handling their business, they wouldn’t be in this situation. Good god SM is being run by petty children!
SM has been the subject of commercializing the KPOP industry and KPOP artists and mass-producing negative images. But all of a sudden, they're pretending to be the most righteous company in the industry. It's so gross...🤢
For the ticket prices, the 2023 txt ticket price they used is for VIP, meanwhile aespa's is standard
Meanwhile Yuehua Entertainment is like "Ahhh, Poor SM."
Yuehua alr knows they Are trash alr tgey Are literally surviving off yena with EVERGLOW barely getting any comeback
Accounting Student here Regarding the shares point Your right There is no guarantee on the reselling of shares It really depends on how the shares are acquired as acquisition of certain shares have terms associated with it. Also market behavior needs to be matched significantly if you use the West‘s market behavior as a reference point.
This is a transactional showdown as part of negotiation tactics between the two sides. So facts typically fly out the window, and mud slinging is part of the show and tell encouraged by the M&A transactional folks who get a guaranteed cut at the end of the deal. The primary goal is boosting stock price by speaking the investors NOT to the Kpop fans.
I think it's both. Talking (subliminal messages through video) to investors for their stock and gaining sympathy from their naive company stans and other gullible average Joe's who don't know what's going on (trying to gain the upper hand in public opinion) . Killing two birds with one stone.......well, TRYING to kill two birds with one stone. It's SM we are talking about🥴.
This video was really good and outlined my thoughts perfectly, it's obvious that SM really needs help
I love NCT127 and i can guarantee that they will become one of the biggest boyband worldwide if Hybe managed them. Same for Aespa, Dream, Red Velvet, and EXO. So much potential to breakout into the western market but always wasted by previous SM management.
Same here but isn't NCT 127 already big. And also as a Hybe fan of many groups from i can say Hybe will manage them a lot better Probaly not overwork NCT members like SM is doing to Taeyong,Mark, Haechan
It just feels like they’re all immature. This is a mess and nobody is clearing things up. I’m worried about the artists and I hope this gets solved soon.
i wouldnt mind paying a high amount on tickets, i mean it's a hybe artist, would you expect cheap and lackluster performances when you watch their concert?
Also it’s literally VIP Sound Heck proves what do you expect with a bg like txt no shit vip tickets are expensive
wow, i didn’t know that hybe was against newjeans’ concept, considering newjeans 100 percent feels like a hybe group.
You do know that all companies under hybe work independently. Hybe only supplies resources and financial backing.
@@nicoleloss7987 yeah, i’m just saying it’s ironic that hybe didn’t like the concept for newjeans, but they still somehow ended up with hybe’s flavor.
@@iamslf do you mean HYBE or BigHit? ‘Cause in terms of groups, only BTS and TXT are BigHit. Le Sserafim is Source Music under HYBE and Enhypen is BeLift [edit: also under HYBE]
@@thylionheart hybe as a whole has a distinct flavor, mainly among the groups that debuted after its creation, since all the other existing groups already had their own style.
@@iamslf for what i see hybe dont have really a distinct flavor, maybe a sprinkle of it? cause most of there group is so different, hybe focused on diversity rather than having one distinction. for what i remember they spread out all of there producer and maybe some of them help each other of one or two.
There is a good video by Arirang News "Battle heating up between HYBE and Kakao to acquire SM Entertainment, what to look at?" that is pretty good to watch if you are interested in this issue.
8:11 that sent me 😂 it really is though. Suddenly becoming like cube and blockberry is the new trend sadly.
Fun fact:Sm Stan’s started a petition a few years ago to get BTS to disband
Another fan fact: sm tried buying bts and them rejecting it was the reason for the petition. SM is famous for buying or blackmailing their competition so them acting like the victim here is funny😂
NO WAY!! 😮
Exols not SM stans in general- Thankfully they've changed since then and they're pretty nice. AT least the ones I know.
@@nadamadani9137Now that isn't true. You can't "buy" a K-pop group, the company (HYBE/BIGHIT) would need to be on the other side of that offer. SM can offer to buy BTS and move them under the label, but there's no source for any of your claims, both the "Buying BTS" and "SM stans one (HYBE nor BIGBIT has confirmed this story so it's just speculation). The only one I know about disbanding BTS was because of the MAMA awards, in 2017? Other than that, I would like an actual source that isn't a friend of yours.
Ofcourse. I recall the 'Break the wings' project that kpoppers casually push under the rug. If anything the fandoms that collectively joined into it are most toxic. Going far beyond Internet hate and putting the group at major stake it had to be taken to the court and the court had to ask the fandoms and particularly those involved organising this shit to stop being big asses or they could be put a case over. The funny bit is how table's turn when some fear. The apology letters (although fake af since I doubt they really feel guilt after ruining posters and posing in front of it with their lightsticks, death threats to the level of having to cancel some events, a full whole guidline sheet on how to sabotage the comeback including it asking fans to make fake accounts, posing collectively with middle fingers during a performance, bullying anyone in favour of bts, false accusations like sajeagi when common sense will let one know it wasn't practically possible for their then broke selves to do that shit etc.) The hypocricy is massive and it's sickening how people target groups or fandoms and say they are just calling them out when they themselves casually throw their past toxicities under the rug.
I find this whole situation so childish on both company’s but especially SM (no i’m not taking HYBE side i dislike HYBE and SM equally). SM should of made a shareholder or whatever it’s called meeting instead of making a whole video and posting it online why the hell is SM bring the public into this it’s ridiculous atp both company’s should handle this professionally and behind closed doors.
5:20 the correction we've all been waiting for! jokes aside, i actually cant believe how incompetent and foolish sm are acting. absolutely embarrassing
Nah fr, first time taejiu has said “aespa” properly.
Was SM so helpless that they need their fans to fight for them? Just fight your enemy behind close door, and make statement after. If you are artist then I get it, it's a person vs a company, but big company vs big company? Come on
As a person who takes business they are just talking out of their ass. I have taken business for 4 years now even though I am somewhat bad at it still but I can clearly tell when a business is talking shit and it’s disappointing. SM has been in the industry for 20+ years now they should know how to simply make a video with things to back up the claims they say very easily but when a company doesn’t know what the term monopoly means it takes years off my life span.
Exactly. I think the two younger CEO just wanted LSM to be gone completely and honestly LSM have been trying to sell his share in the last few years or so. I think it’s only when LSM realised the younger CEO is selling SM to Kaokao, then he realised younger CEO simply do not care about the future of SM nor the entertainment/kpop industry as a whole. Which is why LSM is stepping in again to try and do what is best for SM in the long run
Literally my reaction when that statement came out. Like how did they even come up with those reasons, especially how they are all just hypothetical😭😂
I saw a tweet saying that the graph SM showed compared hybe vip prices with their own regular prices, I haven't seen the graph myself but if that were the case...sheesh
I just want to know who are the people making decisons for SM artist and how does their buisness model work atm because the last few years, red velvet and aespa have been underwork but NCT have been overworked? doesn't even seem like anyone is in charge of red velvet tbh isn't it good that seventeen ticket prices have rise after they got aquired by hype? it means they are popular????? huh??? korea is a free trade country, kpop fans is not promise cheap concert ticket what i'm so confused by sm's statement why didn't SM also make a presentation on what will happen if kakao bought the share? what does kakao bring to the table? that kakao will spared negative article news online with non sm idols????
SM a bunch of big hypocrites it's so funny!! The "neglect" argument they're trying to sell, did they forget they had F(x) in their roster? Who never got a comeback since 2016 until they were all confirmed to have left around 2020~2021? I'm not even gonna talk about promo of their active groups and how some fans had to coop up funds to promote them because SM wouldn't. If they weren't part of the Big 3 and didn't have the power to blacklist in the music industry I feel like a lot of their artists would have left.
"Small Kpoptuber Has a Better Understanding of the Economy than One of the Biggest Entertainment Company, more at 11"
Lemme guess. They're gonna make their newer artists or anyone "soft" make a video about how worried they are and that this is causing them mental problems. Then fans will go, "Oh poor oppa/unnie."
HYBE IS NOT THE ONE ON KZhead CRYING LIKE A 15 YEARS OLD
This is one of the best videos on this subject. I believe that the Artist will be much better under HYBE period! But appreciate all your points.
Also key words for that Employee survey thing. I think there would be people worried if it was a “hostile takeover” which it’s not… but they probably told all the employees that it is
On 15 Feb, Hybe sent out a shareholder proposal for the board of directors of SM. Candidates for CEO and BOD were not named. There are generally two kinds of directors: inside works at the company and outside who does not work at the company Inside Directors: Lee Jae-sang, President of Hybe America Jeong Jin-soo, CLO of Hybe Lee Jinhwa, head of Hybe Business Planning Outside Directors: Gang Nam-gyu, partner GAON law firm Hong Soon-man, Prof of PA at Yonsei Lim Dae-woong, UNEP Finance Initiative Other non-exec directors: Park Byeong-moo, partner at VIG Partners Auditor: Choi Gyu-dam The BOD appoints the CEO and it is not on the agenda of the 31 Mar shareholder meeting. It is expected the CEO will be decided at the first bd mtg following the shareholder meeting (TMIKpop)
All that video did was show what SM would do if they were in HYBES position. Because let’s be real SM is ruthless. Anyways I’m curious to see if HYBE will even respond, they’ve already asked SM to work their shit out and then SM does this.😂
I don't think they can comment on the situation due to them buying majority of shares. If they say something and change the price of shares then that would be MANIPULATION of stock prices. So, they probably are staying out of making any unnecessary comments that would hurt them. That is smart.
@@1flash3571 hybe is playing smart because they know they have won alr
SM is just mad hybe is putting in good work into their groups. If SM did better they wouldn't have this issue in the first place. Literally giving Red Velvet, one of their best money makers, zero promo and mediocre marketing.
Smh nct has full albums and world tours but rv doesn’t like wtf
Hybe literally hasn't done anything with their groups yet. They are mad, because their think they are loosing what they consider as rightfully theirs, while like LSM showed it isn't. Who knows what is going on behind the scenes, deals this big are messy.
@@duqial that’s the thing sm can’t find shit to talk about sm mistreating it’s grps at all so they make up whatever be they can pull from their asses just to slander hybe for being professionals at what they do and not making themselves look like idiot
i truly don’t get how SM is trying calling this a “hostile takeover” because lee sooman didn’t discuss the sale with shareholders but that is literally what SM did with the Kakao shares…
I don't care if I spend a lot of money buying txt ticket because I know it will be worth it 😊
Plus they were vip tickets being compared lmao
Everything you said is spot on💯
SM Releasing a video about this like it’s some KZheadr drama is just so unprofessional
This 100% reminds me of the different Dramageddons that the beauty KZhead space went through.
Oh my gosh I remember some younger friends going on and on about it and I had no idea what was happening. When I finally got around to it, I had to roll my eyes. It was so petty and should have been kept personal.
sm doesn’t even understand how laughable their statement was
Is this the dramageddon for K-pop?
They're spreading Lee sooman dirts to win the shareholders reunion in March but it doesn't matter cause the korean public are hostile about kakao taking sm cause kakao main shareholder is Chinese and you how Knet feels about Chinese nowadays
All i see from upper sm management is a mix of greed, immoral and bad deeds in the past and last ditch efforts to stop uncovering the same.
Technically it is a hostile takeover because SM doesn’t want Hybe there. IMO LSM said, oh you don’t want me there? Fine, I’ll leave, but you won’t get it either. SM is playing the public opinion card. They know there’s little they can do, so they’re trying to get the public on their side. I laughed at their ticket prices graphic. If they could, SM would’ve charged way more. But, as it stands, they’re using it as fuel to their public opinion game. Look, I’m nicer, I charged less for tickets! Stock prices will drop to what they used to be for a while. They’re now at a much higher price than usual because ppl wanna make money off this Hybe deal. Once it’s over, it’ll stabilize. For a while, the uncertainty of what’s new will make prices drop, or they could rise due to Hybe’s influence, if it’s seen as a good thing. Either way, ppl aren’t happy with SM 3.0 either, so unless more details abt that come to light to make investors feel it’s a good choice, they’ll walk away and prices will drop. The market is all about trust. Trust that I can make money with you, else I’ll take my money out. Their point about releases is weird. It may be that way in SM, but Hybe couldn’t care less. They literally released Butter and 0X1=Lovesong (and Fever) within days of each other.
“Technically” this is NOT a “hostile” takeover.
It is not a hostile takeover since the owner of the legitimate shares or the legitimate major shareholder sold his shares to hybe. The real hostile takeover is what the co-ceos did behind LSM who made new stocks and didn't consult or basically hid the fact they made new shares and sold it to kakao. That is what you call hostile takeover and not what hybe did.
@@matthewmacaraeg3594 the hostile takeover isn’t about the shares LSM sold to Hybe. It’s about the tender offer to try to get 40% of the shares.
@@marar8045 that is what they planning to do but can you call that hostile? They are buying it for a much higher price than what the price kakao bought the illegal shares.
@@matthewmacaraeg3594 but that’s the definition of hostile takeover. SM doesn’t want Hybe to do that. SM wanted Kaokao to buy those shares. Let me be clear, I’m not saying one is good or bad. It’s just corporate stuff. Imo Hybe should steer clear of SM. Idk what Hybe wants to gain from all of this, but they should strike a deal to get the best they can and leave. But who knows, I’m not a business major, just a lawyer. I can tell what’s lawful, not what’s profitable. And without full access to everything, it’s hard to tell.
How can they literally state txt's VIP tickets and there own artists regular tickets.💀💀
One of his key points was hybe would effect their artists' output, when ironically sm does this themselves. And the rest is laughable in the sense that it is essentially implying sm knows more about business than hybe, and if they did then hybe would have never been the go-to by LSM in the first place. And then they post that on smtown, which is fucking hilarious when you realize the last 4 vids are all in regards to this sm drama, meanwhile nct and key are below that probably wondering if that's part of their promotion. This is probably Chris Lee trying to convince fans that sm is great, has honor, etc., and trying to maintain its value, but honestly I think tge guy is an idiot and LSM was at the very least a great producer and more experienced. So having hybe as the largest shareholder is the biggest upside to this.
I can't believe anything any of the players in this drama are saying because they are at war. Lee Sung Soo said when Aespa heard their comeback for Feb was cancelled that they cried: trying to gain sympathy for himself like he cares? THEN, I saw a video where the Aespa members said they didn't cry when they heard and even laughed when they heard it? SO, I can't believe anything and am just going to see what happens. But my heart is with the artists as it must be confusing and scary to see their CEO and CO-CEO at war and tearing at each other publically: SHAMELESS!! This is k-drama in reality.
tbh i still can't wholly grasp the situation and also it's 3 am lol. my main thought is that these companies are foolish for spreading out all this dirty laundry and creating useless drama and speculation. but otherwise it's just rich people doing rich people things... i just hope that none of the artists suffer because of all of this!
Sm is more foolish
@@pao94 very foolish! this is all such a mess
That’s what happen when you have incompetent family relative taking over business. SM obviously don’t how to run things now and expect helping hands.
okay im going to put this up straight SM, They don't know what they are doing.
I just want an Æspa comeback, I don't care about any of this 😭 I'm kinda hoping Hybe comes out with their own video, think James Charles "No more lies" 😂
to avoid common fucking sense I lold
I really am buffeld by some peoples reaction to this and taking sides like in a sports game. They're corp giants, offcourse they are not honest an caring and only think about money and proffit, that's how they got here duh
Exactly.
10K, congrats!
11:50 The problem here is the fact that they compared HYBE's VIP and/or soundcheck tickets and SME's regular tickets. No f- wonder they are higher
I put this in the description but I’ll put it here too so I can correct my mistake. I say that “TXT sold double the albums aespa did in 2022” as you can see that’s obviously not the case if you do basic fucking algebra. My point still stands as txt sold 900k more but like damn I been doing so much calculus that I’m forgetting basic algebra 💀😭 help me. Part 2 is out here: kzhead.info/sun/p6einNxpa36adps/bejne.html
It's all good, you got your point across so good job regardless 😂
SM HYBE out🤬🤬🤬🤬🤬🤬🤬🤬🤬☠☠💩💩💩💩💩
SM CFO use VIP ticket price of TXT'concert with regular ticket price of NCT's concert to support his narration that HYBE is highest ticket price of concert in KOREA🤣🤣🤣🤣 he think KPOP STAN never check actual ticket price of HYBE & NCT ??? hahahha CFO SM ent Disguisting. Hahahha All of can check even BTS
Actually the graph they showed is also incorrect, the TXT ticket prices were for the VIP seats and SM groups prices were for general seats, TXT general seat price is in same range as SM offers so that was really shady and unprofessional imo
Lmao did sm think kpop fans are illiterate? I'll never forget how they compare txt's vip+soundcheck ticket to that of aespa's regular ticket n directly framing hybe for raising ticket prices, Wtf?
The SuperM and GOT comparisons have got to stop. SuperM did not bring the revenue that was invested in them, hence why GOT hasn't gotten same treatment. SuperM was overall a waste of money, they aren't gonna risk it again with a higher rate of it failing.
Why didn’t LSM just give the company to Sunny 😂 his nephew is destroying the company fr
Hoping that the artists and staff are protected while the powers that be try to fix this mess. When parents fight, the children always suffer. Make no mistake, this a desperate move from the SM top management to manipulate public opinion and paint HYBE as the bad guy. I mean HYBE's not perfect but the success of their artists and labels is proof the they are doing a lot of things right. If anything, SM should welcome the best practices from HYBE.
It is their pride as the once a Biggest KPop company, and the Founder of KPop that is getting in their way. They can't let that go, or is having hard time letting it go.
Remind me like a kid telling her mom why he doesnt want some veggies, well if things well become official, its done for them, they cant control money stuffs fully...Hybe isnt perfect company they even s*cks sometimes but lets admit they did great in the groups under them from boy group until their new ggs one great example is Fromis 9 whom after many years they had their full album even the lightstick..knowing them as well you are right, they are letting their subs company freedom to make their own mark, making impactful cb and not keeping them in Hybe basement so I dunno why does SM acting like a "victim"...and knowing Kakao, the same company whom many people say release "bad articles and rumors for Aespa are the one whom SM trusted now? They are afraid of unfair treatment from they are doing since then...hayyysss hope SM artist will not be fully affected of their drama🤦
Points very well factually stated.
I don't think you have a lot of understanding of how bussiness work to say that this is not a hostile takeover.... A hostile takeover is a way to take away a company by shares or board voting, w/o the knowledge of their CEOs or Major owners. In this case HYBE may not have more that 51% of shares but if it has the major amount of shares they can have the final say in any BUSINESS decisions, in the way shares are split now since SM is a public traded company. Most of shareholders are minor.SM has the major with Kakao an Lee so man. But if HYBE had already bought SM stocks and now getting the LSM stake in sm, that can make them the major shareholder overnight and since the deal with Kakao wasn't approved and done. Both companies can't have the stake on SM because that would be monopoly since Kakao owns a lot of middle size companies and hybe has it labels. So LSM DID A Hostile takeover in a way to put the Kakao agreement in pause and not be ousted of the company like previously plans stated. The Board can vote but if the HYBE deal goes through they have the final say period. And they can shape SM in which way they want. Now it's between the Korean government to sort this mess out.
Yet sm literally illegally moving kakao into a position of power (the only true monopoly in Kpop is kakao btw) is not a hostile takeover?
@@Taejiuto be a hostile takeover it has to be something done without the CEOs, shareholder or board of directors knowledge. The Kakao agreement was something that was approved by SM company as whole, The thing is LSM said he would be out in the 3.0 phase of the company and act as independent contractor but when he learned that Kakao would be joining in he did the HTO over night. Because he feared with Kakao getting in his contracts of music licensing and distribution made under his own company would felt trough because Kakao can distribute them w/o paying a third party (just like Kakao distributes most of kpop to Spotify right now). So in a way was shady...
@@Taejiu but in a way I do agree with you that the way his nephew is handling this is very messy and not professional at all.. this stuff should be handled privately and between regulators and lawyers.. He can be putting himself in a really position of being outsted (with a good severance package of course) and if his claims can't not be 100% backed in a court of law... He can put himself in a case of slander and defamation...
@@twoohoot not disagreeing LSM is shady af. But they did not disclose this with him. That was an illegal move by the company. They didn’t discuss it with their largest shareholder. They did it on purpose. Everything else I agree with you on.
@@Taejiu and just to aid one of the points of the video... When shares are being sold into large quantities the price drops, and that can make SM Break. Because the average shareholder that has SM Stocks will sell to get their money back before the stock drops even further... Making the stock drop even more.. So even if this deal don't go through LSM is hurting SM in the long run just by this move. Because the SM shares are going down with this... And his nephew CO-CEO is not helping ...
that video and the controversy with Lee Sooman and his nephew got SM as a company looking like a cartoon supervillian. this is goofy and I feel bad for the artists getting caught in the crossfire like Key who's spoken up about his frustrations about some promotion ideas that he'd like to do but can't because the company is preoccupied