HYBE announces that it has finalized the acquisition of 14.8% of SM Entertainment's shares, once again assures that 'SM 3.0' plans will proceed uninterrupted | allkpop

HYBE announces that it has finalized the acquisition of 14.8% of SM Entertainment's shares, once again assures that 'SM 3.0' plans will proceed uninterruptedhas released an"open letter to fans, artists, employees, and shareholders of SM Entertainment", announcing that as of February 22 KST, the company has completed the full acquisition of 14.8% of SM Entertainment's stakes, officially becoming the largest single shareholder of the agency.

In the letter, HYBE Labels once again assured that it would grant SM Entertainment full autonomy over its creative endeavors, endorsing the"SM 3.0" growth strategy introduced earlier by the agency. On top of that, HYBE expressed its intentions to share its business model and networking capacities with SM Entertainment as to help guide the agency's unique creative work to global audiences.

Additionally, HYBE Labels clarified that the two fandom platforms affiliated with HYBE and SM respectively,, will continue to"compete" while expanding to a global arena, with opportunities for collaborative solutions in the future.

Don't ruin their songs.

Hybe bought SM share, change CEO back to LSM.. DONE..

its only 14% sm stans react as if they bought the souls of the people

wait for SM uploading video apologizing w/ tears just like those beauty influencers

Kpop is dead

Hybe basically said:'i aint reading allat'

Well congrats another label for hybe to ruin

Ouff Our artists 😭

Wow, that's the end of SM and their idols... ...💥

balladofapotato

Give it a shout to the PR, what a nice touch.

What a lie

BAYARAN ALLKPOP

SIDE EYE

Alaahhh nyangkem

Stop complaining anymore. HYBE even promised that the SM artists will be expanding in North America 'using BTS achievements'... 🫢.

They kick GFriend after buying SouMu

Well SM is done everyone should leave while they can

Enough with the drama sh1t I just want smngg jfck

Hasn't anyone at SM figured out that SM 3.0 is just a copy of the HYBE system? Of course HYBE would just sit back & let SM be. HYBE's goal is to prevent Kakao from becoming a big player in the music scene. It is the one area where kakao has no experience and HYBE is King.

kpop is now boring

🥺I'm worried for my beloved aespa_official RVsmtown ......

They been sayin nothing till now cause THAT’s what professionals do…not go on YouTube making a scare tactic video prematurely, cause you’re scare your company’s doings are gonna be exposed.

EXO disbandment is coming.

As long as this don’t effect sm songs idc

I don't care

💀

Udah resmi yaa.. dari perusahaan induk menjadi anak perusahaan 😂 SM ERA is OVER, sesukses apapun anak perusahaan, akan tetap di sebut pencapaian perusahaan induk hahahaha itulah dunia bisnis

💩💩💩💩

lmao what's with this this sm stan for putting hashtags, IT'S ALREADY ACQUIRED BY HYBE! WHAT ARE Y'ALL CRYING?

PLEASE SM DON'T LET HYBE ACQUIRE SM WE SUPPORT SM, ARTIST AND STAFF SMTOWNGLOBAL SMTOWN_USA SMTOWN_Idn PLEASE_LISTEN_TO_US LISTEN_TO_YOUR_FANS

Yessss

PLEASE SM DON'T LET HYBE ACQUIRE SM WE SUPPORT SM, ARTIST AND STAFF SMTOWNGLOBAL SMTOWN_USA SMTOWN_Idn PLEASE_LISTEN_TO_US LISTEN_TO_YOUR_FANS

PLEASE SM DON'T LET HYBE ACQUIRE SM WE SUPPORT SM, ARTIST AND STAFF SMTOWNGLOBAL SMTOWN_USA SMTOWN_Idn PLEASE_LISTEN_TO_US LISTEN_TO_YOUR_FANS

PLEASE SM DON'T LET HYBE ACQUIRE SM WE SUPPORT SM, ARTIST AND STAFF SMTOWNGLOBAL SMTOWN_USA SMTOWN_Idn PLEASE_LISTEN_TO_US LISTEN_TO_YOUR_FANS

Goodbye , good kpop music. Hello mid and payola

The way HYBE not being a company of SM artists still apologised for all the drama and interruption to their shareholders, artists for the issue that was all created by Chris Lee & LSM, already proves who's more professional. 💛

I hope now EXO leave SM😭😭

Hybe basically said “We are not responding to y’all YouTube videos” 🤷🏽‍♀️

Not matter what Exo-ls will supor EXO. We love them forever. ❤️

SM management are suck, but Lee Soo Man is beyond bajingan

HYBE is super professional bro like I know that's what they're supposed to do since they're a company but damn SM could take some notes, their CEO was straight up crying

A company dramatically cryig here and there releasing vids and for what lmao

Keliatan Bngt kan mna yg profesional 🤭😂

disband the groups now and just leave snsd's legacy, also rv leave them

damn free sm

👏👏

There is a difference between Hype's professionalism and SM's unprofessionalism 😂👌

KAI 카이 The 3rd Mini Album 〖Rover〗 Pre-order💿🛒 YES24: Hottracks: Aladin: SMTOWN &STORE: KAI 카이 EXO 엑소 weareoneEXO Rover KAI_Rover

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

HYBE Grew 42% in 2022, Eyes New Markets in 2023 Through SM Entertainment InvestmentLast year, HYBE’s increasingly diversified business was nearly balanced between its three largest markets: Korea (33% of revenue), North America (32%) and Japan (28%). newjeans impact Imagine that. Solo projects x 7 = $$$ [Younhap News] 'Even though they halted their group activities, BTS generated more than half of the company's sales, with the remaining artists representing about 40%, according to HYBE's CFO Lee Kyung-jun' Why not.... busy buying shares....
Herkunft: billboard - 🏆 112. / 63 Weiterlesen »

HYBE denies the acquisition of SM Entertainment shares is a hostile takeover | allkpopOn February 21, HYBE denied that the acquisition of SM Entertainment shares was a hostile takeover of SM Entertainment.According to Yonhap News, HY… Hybe said “nah leave us alone we out” basically Thank god, we don’t want SM idols to become untalented like HYBE Monopoly
Herkunft: allkpop - 🏆 573. / 51 Weiterlesen »