SM & Kakao's business agreement will give Kakao exclusive rights to artists' music/album distribution + talks open for a co-produced K-Pop group | allkpop

SM & Kakao's business agreement will give Kakao exclusive rights to artists' music/album distribution + talks open for a co-produced K-Pop groupInvestment banking insiders have obtained details surrounding the strategic partnership agreement signed byPreviously, the business agreement between the two sides was simply known as an agreement through which SM Entertainment would issue new stocks for ownership by Kakao.

Now, it's been revealed that the agreement contains several other notable clauses. First, SM Entertainment has agreed to give Kakao exclusive rights to distribute digital albums and physical albums by all SM Entertainment artists, including overseas distribution through Kakao's foreign subsidiaries. Up until now, SM Entertainment artists' albums have been distributed by, a company for which SM Entertainment is a major shareholder.

This just goes to show where yalls priorities are at. Kakao is playing real dirty but yall are silent now. Miss me with that shit

I have been reading and following about this for days now, seeing arguments and honestly I can’t help but just laugh to this 😂😂😂

Dogs that bark do not bite! Now we see the true colors of SM. It’s a shame that they tried to put HYBE in a bad position. HYBE believe in there strategy and they think about the artists, fans and stakeholders. Always staying true to what the believe in. HYBE SM webelievetrust

I just wonder why SM wants to change so badly why do they wanna sell themselves to Kakao or Hybe? I feel like Hybe is probably the better choice but what even happened for them to what any of this

netflix please check this new kdrama. The script is already at season 2.

Season 2 of the drama begins

What the drama ended?

SM Fl0p company 🤭😂

So much noise about hybe but this is no problem now. I'm waiting for a YouTube video statement too now 🤣🤣🤣🤣

this is what SM STAN wants 🤗

SM groups stans would rather be acquired by real capital than be acquired by hybe they just hate hybe😅

Hybe has officially request SM cease the purchase of treasury stock as it can be considered a manipulation of the share price and criminal breach of fiduciary duty prohibited by the Capital Markets Act.

So that's what the guys who did things behind LeeSooMan's back want: to give the distribution rights to Kakao🤨I wonder what they'd receive in exchange? And they want fans' support for this? Kidding? Now I understand why LeeSooMan decided to sell his shares to HYBE, not to Kakao

Let's be honest. SM doesn't want global popularity, all they want is their old big 3 power they had in snsd time so that they can push hybe on the edge

I'll be honest tho. This SM's dream of standing head to head with HYBE is not gonna work if they go with kakao. Kakao doesn't even have assets for global marketing. All they do have is their old a** korean marketing strength that they have been using to sell more of their artists

now where are the stans siding with kakao just because they hate hybe & their artists? kakao will own y’alls 🍑

Man, I literally wrote numerous comments on their stupid yt video about kakao being the actual monopoly. That time people were like, no kakao not gonna participate in production but what now.

Still better than Hybe’s hostile takover.

Begging everyone screaming 'monopoly' to search up what an oligopoly is and stop repeating terms they don't know the meaning of

Lmao there goes your real monopoly. Uhhh the irony 😂😂

Yah berdoa saja semoga kakao menang 💅

So the SM artists will be influenced by both Hybe and Kakao together😂

Don't mees with the artists and don't change their concept or have anything bad happen to them ...

this is what SM stans wants MONOPOLY lmao

See? We've been saying this for days but most SM groups stans didn't believe it. See for yourself what the meaning of 'monopoly' is 🙄

This whole situation is so messy... Anyway, please tune into my indie nudge boyz' new song ❤️ the rent is due

SM....the end...

Are they really going that far to get their lick back?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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....
Source: billboard - 🏆 112. / 63 Read more »

Watch: SM Entertainment Executives Detail Global Expansion And Investment Strategies In New VideoWATCH: SM Entertainment Executives Detail Global Expansion And Investment Strategies In New Video not interested 2 of them said they are resigning 👁️ Another video 😀
Source: soompi - 🏆 574. / 51 Read more »

Breakingviews - Rolling EU debt would boost investment and marketsThe Covid-19 crisis prompted the European Union to turn to an instrument it had rarely used jointly: other people’s money. By promising nearly a trillion euros in new public borrowing, the 27-member bloc has become a big player in international capital markets. Breakingviews rebeccawire Die EU ist korrupt wie keine anderer, an der Geschichte mit EUgate ist jedem klar geworden!
Source: Reuters - 🏆 2. / 97 Read more »