"This statement reflects the collective positions of 25 chief directors at SM Entertainment, including co-CEOs Lee Sung Soo, Tak Young Joon, as well as all other officers who hold positions above division chief.
Back on February 3, SM Entertainment announced plans to enter its new, key phase 'SM 3.0', transitioning from a single producer to a multi-production/multi-label system. But as soon as this new phase was announced, it is being reported that hostile merger and acquisition attempts are being carried out, attempts which not only undermine SM's much deliberated decision, but also the values of SM Entertainment which it has built up alongside its artists all these years.
SM Entertainment is a company made up of approximately 600 employees, working hard each day in the hopes of raising SM Entertainment's status to that of the #1 entertainment company. It is also a company which, on the basis of its employees' efforts, has led the K-Pop industry proudly until this day. With the new phase 'SM 3.
The strategic partnership between SM Entertainment and Kakao, publicly announced on February 7, marks a move in securing the necessary components to fulfill 'SM 3.0'. The partnership is sure to demonstrate a powerful synergy effect in strengthening the global reach of SM's IP content with various applications. This vision for a mutually beneficial strategic partnership has been discussed and agreed upon thoroughly with Kakao.
Idc but pls disband exo and let Lucas start his onlyfans career
These two suck. And Chris Lee is a backstabbing nepo baby.
Acting like no artists would side with lsm and hybe and all be accepting of kakao and the current ceo who only been around a couple years and done shit for the artists
So wait. Who did Lee soo man sell shares to? Hybe or kakao? Like different ppl r saying different things and I don't understand all the business thing. Did hybe do it to take over SM or to save SM? Can someone explain?
Im still waiting for Exo comeback 😒
Of course they would.. with Hybe's acquisition of LSM's shares, SM execs can't move on their own. Meaning no illegal secret business deals or else Hybe can sue them. This is actually a big risk for Hybe for many reasons, but I trust that BangPD knows what he's doing.
JYJ looking at this mess after 15 years:
what's wrong with kao kao?
The plot thickens… go on 🍿👀
Well, i was lucky that i already watched reborn rich, but the ending so f*ck up. I hope all artist under SM will be alright
Lee-Soo man literally went if I built the house I can tear it down. This whole situation is the more you fuck around meme. The only ones who got hurt are the artists while LSM gets paid.
Lah ini anunya sabyan?
Lagian lu nusuk duluan, ya ditusuk balik
Kwangya in HYBE
Did you really ask each of the SM artists about this? 😒 We don't care if your alliance with kakao was to implement SM 3.0, because we don't want SM 3.0!!!
🤔
Fall of kpop might be near
Sm also has restaurants and shopping centers and among the shareholders there are many artists from the record company. In any case as far as the record company is concerned, even if it remains independent, it is the end of SM as we have known it. Now is SM-HYBE
This story is getting ridiculous. I don't think he's sold all his shares but a part that allows HYBE to have the upper hand. But for those who are wondering, yes, it's not just about music.
The tea is hot
now would be the perfect time to pull the classic sm move where they give a gg a comeback amidst sm chaos.. I'm thinking AESPA FULL ALBUM!!!😁😁
CEO XIA Junsu of PalmTree Entertaiment enjoy all this drama
Perang bisnis
waduh waduh
We all know that if Bang PD takes over SM (sorta) SM artists will finally be treated better and actually make music they like 🤣
just give us kji3 already
'Hostile acquisition' and yet they were the one who started talks behind LSM. What I see is a very greedy and ungrateful nephew 🫣
SM IS LEGEND...they shoul keep independent..if they under whatever it is, i'm sure they can be original like they used to be
Next episode of this drama when
Big story short hybe is helping lsm so that kakao can't buy anymore shares.....as kakao is a threat to kpop itself....as u can know how kakao manipulated the news over 4th gen gg like nmixx lssfim nwjns gidle for ive as strship is under kakao no hate to ive just telling the facts
And kakao isn’t?
Itaewon class but real life
These became the CEO's on March 10 2020, that will be 3 years ago in a few weeks time. You could notice small changes since around then
Can’t beat them buy them
As long as this feud doesn’t mess with the artists’ comeback then I couldn’t fkn care less. PS. I’m still waiting for SuperM so don’t fck this up for me SM istg
This is the real civil war 🤦🏻♂️
WKWKWKWK NITIP JEJAK
Your operation is quite explosive in the entire business world
Gelar tiker dulu guys keknya seru nih
i don't care.. i'll be siding with anyone who treat c-line and j-line better..
Feels like a cold war between famous agencies
I suppose they can start to look for new jobs now. Hostile takeover is what these people tried to pull
Damnn they are shameless
😵😵😵😵
Gatau berterimakasih anjr mrk ni
BITCHHHH IM TIRED OF THIS ALREADY JUST GIVE US AE1!!
chill guys!! this is just episode 1 we’re just started please be seated.
Like makjang kdrama
Kulang kayo sa teamwork bhieee..
I’m on their side
LOL
SM STAN AND HYBE STAN PLS STOP THE WAR, STOP THE KARMA THINGS GUYS. NOT FUNNY AT ALL. IT’S BASICALLY KAKAO VS THE WHOLE KPOP INDUSTRY, and i just hope non of the artist would affected of this situation
Lemme grab my popcorn 🍿 I'm loving this
Will be an interesting battle for control. Kakao has more than enough resources to battle HYBE and LSM. Let’s see what happens next episode. 🍿
Arent they the ones who sold shares of sment to kakao without LSM in the 1st place? Did they forget already? The audacity lol
Demand LEE SOO MAN 😒 figthing 👏👏👏💯🔥🔥
🤢🤮
Can’t wait to for them to make a kdrama based on this 🤣🤣 it’s giving reborn rich and every business succession kdrama ever made. We’re getting it in real time
we just want aespa comeback
waduch,,,,
CAPE AING, DER LAH KUMAHA MARANEH
LSM has been embezzling funds from SM to his shell company for years. He needed to go.
CAN WE JUST GET THE AESPA COMEBACK!!!
Lah yg mulai siapeeeee ngaca
THE HELL IS GOING ON 😭😭
I love that they are crying about a hostile takeover when they themselves where in the process of a hostile takeover to get LSM out lmao. They can dish it but can't take it.
not them bringing artists into this no i'm seated 🪑
Hostile gimane, orang yg bikin perusahaannya sendiri yg jual sahamnya.
Makin panas aje ini
I don't like the acquisition tbh but it's better than these 2 have the keys to SM. But I get what they are saying, since Hybe is still a minority, it's as if they already have a control of the label. Tho sooner or later Hybe will get it, so yeah at this point they are threatened
WKWKWKWK anjir seru bgt ini
Between them and Lee Soo Man, one did shady dealings while the other announced interest in joining hands with HYBE and actually followed through with it.
This is like a kdrama and in kdramas evil shit happens so If kakao or those two 🤡’s do something to BTS it’s on sight 🥊
Tried to stage a coup but got hit with a takeover oooops 😅🍿
Are we seeing Reborn Rich ver. 2
this shit is so fun
chris lee mending lu tobat dah