LSM leaving SM could be ugly specially for their older artists

    I have sth similar from other fan bases of their 2nd gen artists


    Essentially other SM share holders want SM to go to grind and retire scheme of kpop companies. Keeping groups around at their peak and then just shoo. One of LSM's biggest conditions for selling his share is a 50 year plan by them to not tarnish SM's legacies. More details are coming out with more articles.


    SM current CEOs, management and artists are worried for the aftermath of his departure. Its only share holders that are happy and want to unleash carnage just for extra coin.


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    My opinion on this is that I expected sth like this. Other shareholders dont care about artists and people, just money.


    I think the transition will be extremely tough for SHINee. Other artists always have a chance of leaving SM and starting new with their members even if they have to leave behind their previous works. SHINee doesnt have that, they will have to leave behind their ot5 discography.

  • AllKill VIP

    my take is they will only keep those artists which are still relevant for example SHINee are safe and sound

    but Super Junior which have kind of own sub-label might be left on their own without SM making a push to put them as MC's, host, variety show members here and there because it's time to use all that NCT boys in tv when they are not making music

    SNSD might be similar case, I mean half of group is already out of SM contracts, but other ones might have green light to leave as well

    especially if it will be Kakao which will made an offer and acquire LSM shares

    after all they would have then everything which Gen Z needs: aespa, IVE, STAYC under one roof, just within different subsidiaries

    Quote from bartkun

    my take is they will only keep those artists which are still relevant for example SHINee are safe and sound

    but Super Junior which have kind of own sub-label might be left on their own without SM making a push to put them as MC's, host, variety show members here and there because it's time to use all that NCT boys in tv when they are not making music

    SNSD might be similar case, I mean half of group is already out of SM contracts, but other ones might have green light to leave as well

    especially if it will be Kakao which will made an offer and acquire LSM shares

    after all they would have then everything which Gen Z needs: aespa, IVE, STAYC under one roof, just within different subsidiaries

    I think they will take away resources from their older groups to the point they would leave themselves


    Right now SM gives the same composers, designers, stylists and all of their groups. They will likely keep the top notch people just to work on new groups and left overs for everyone else.

  • AllKill VIP
    Quote from Lulu_Key

    I think they will take away resources from their older groups to the point they would leave themselves


    Right now SM gives the same composers, designers, stylists and all of their groups. They will likely keep the top notch people just to work on new groups and left overs for everyone else.

    you made me wonder about RV situation

    but Seulgi will have her solo soon

    and Joy get's those drama offers

    would be weird if they will try to 'harm' RV

    Quote from jonginmomo

    If they let them leave with the trademarks and no blacklisting it's not necessarily a bad thing. Only if they will be able to sing their old songs though.

    Imagine an exo member going to a variety and not sing Growl :cryingr:

    ofc they wont let them take their trademarks and names. They can still earn money from their catalog with 0 expense. Their shareholders are just money hungry.

    Quote from Lulu_Key

    yup


    They want to stop anything thats not a big money generator


    alot of things I like from SM, like the stations, the orchestra collabs and ofc SHINee will not fair well under the transition

    Honestly I think Stations are more in danger than Shinee/Super Junior/TVXQ... they still sell well and their merch/concerts sell out.

    Quote from Lulu_Key

    Im not that worried about their group work, Its the solo work that makes me wonder.


    I just really hate how money hungry those shareholders are sounding.

    That's a good point... but idk he seems to be reluctant to leave until he can make sure they aren't abandoning stuff. I feel like they have to know that if they want to keep the SMTOWN brand strong they can't just flush everything down the toilet. :/

    Quote from quarkie

    That's a good point... but idk he seems to be reluctant to leave until he can make sure they aren't abandoning stuff. I feel like they have to know that if they want to keep the SMTOWN brand strong they can't just flush everything down the toilet. :/

    I think thats part of the reason he started pushing smtown brand alot for the past two years


    So shareholders cant just do whatever as soon as he is gone

    Quote from Lulu_Key

    I think thats part of the reason he started pushing smtown brand alot for the past two years


    So shareholders cant just do whatever as soon as he is gone

    Yes! I imagine that's part of why they would suggest holding more of them soon including the US. Stuff like the NYE shows are working and bringing in listeners.

    The one thing that TW account is wrong about is saying that LSM's role was limited to music production, claiming that because he officially "stepped down" from the CEO role, he was no longer involved in other aspects of the company like the business stuff, marketing and PR, etc.


    Just like JYP who officially "stepped down" but is still with the company, there's no way in hell these two men havent exerted their influence over every major decision of their respective companies.

    I have never seen a more false title. Leaving will finally open the doors to SM groups having good music again. It's because of that weirdo we have what we have with Aespa and NCT. I still look back at the time before 4th gen when I could have been considered an SM company stan since I used to stan most of their groups. The day LSM leaves and takes his "unique" style with him is the day I pop a bottle of champagne.

    Quote from SMsKKSilence

    I have never seen a more false title. Leaving will finally open the doors to SM groups having good music again. It's because of that weirdo we have what we have with Aespa and NCT. I still look back at the time before 4th gen when I could have been considered an SM company stan since I used to stan most of their groups. The day LSM leaves and takes his "unique" style with him is the day I pop a bottle of champagne.

    the other shareholders want to invest less/ get rid of their older groups


    I dont care what type of music their future groups will have


    The older groups are doing what they want anyway, LSM isnt producing for them

    This is my concern too. While watching the SMTOWN concerts, I was struck by the amount of time dedicated to the older artists and particularly their solo work, which is where I’d think we see the biggest hit. Many of them are not in the current discussion on charts although they have a dedicated fanbase and can generate a profit. I think most of the groups are fine but there might be less commitment to giving almost every member of a popular group a solo album with a shift in focus on only the most popular members. Additionally, smaller solo sellers may find their budgets slashed or not able to get that second or third album.


    I think SM has been smart to have multiple groups and artists as revenue streams - even if EXO dominated their sales/revenue at one point and NCT dominates now, there’s still about half of that which is made up with the other groups.


    I also suspect we’ll never see another NCT-like project again where the group was given time to grow and be successful rather than just cutting bait.

    im not so much concerned for the older acts but if they really lower their standards when it comes to the volcas cause then im gonna stop listening to sm songs all together probably


    but i mean whatever will happen will happen

    Quote from the101

    This is my concern too. While watching the SMTOWN concerts, I was struck by the amount of time dedicated to the older artists and particularly their solo work, which is where I’d think we see the biggest hit. Many of them are not in the current discussion on charts although they have a dedicated fanbase and can generate a profit. I think most of the groups are fine but there might be less commitment to giving almost every member of a popular group a solo album with a shift in focus on only the most popular members. Additionally, smaller solo sellers may find their budgets slashed or not able to get that second or third album.

    yup!


    I think under LSM direction atleast SM tries to keep everyone happy.


    I finally got what I wanted for Key with Gasoline and the fact that they are talking about reducing funding and resources to older groups already its concerning and leaves me with bitter taste.

    SM has many weaknesses, but one true strenght was that older acts were still able to have a career in their company - also giving older idols a solo career in which they had more freedom to release the kind of music they really wanted to release, creating musical variety and keeping the company legacy strong, and also SM was special because of collaborations between groups like "S.M. the ballads", "S.M. the performance" and the whole Station project.

    If you remove this from SM, it becomes like any other company

    Quote from T_O_M_O_M_I

    SM has many weaknesses, but one true strenght was that older acts were still able to have a career in their company - also giving older idols a solo career in which they had more freedom to release the kind of music they really wanted to release, creating musical variety and keeping the company legacy strong, and also SM was special because of collaborations between groups like "S.M. the ballads", "S.M. the performance" and the whole Station project.

    If you remove this from SM, it becomes like any other company

    imagine thinking the good thing you are known for is your problem


    money hungry hyenas

    Quote from Lulu_Key

    yup!


    I think under LSM direction atleast SM tries to keep everyone happy.


    I finally got what I wanted for Key with Gasoline and the fact that they are talking about reducing funding and resources to older groups already its concerning and leaves me with bitter taste.

    It’s especially a shame because to some degree their plan was working. SMTOWN concerts and cross-promotions between older and younger artists led me into the discography of the older ones and to be interested and engaged in their new work. So now I’ll spend dollars on my faves, but also dollars (or at least streaming coins) on the older ones too. This is a healthy ecosystem where all your eggs aren’t in one basket.

    I went to look up data on the top soloists..by the numbers, EXO, Shinee and RV members will be fine + Taeyeon. Other Gen 1 and 2 members not so much.


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    Key will land in 2022 list with the updated number too


    I still like stuff from Changmin solo and Kangta and BoA too


    It would be a shame for their solos to get scrapped

    I understand both points of view. Shareholders want LSM gone because he takes a significant part of SM's benefits to it's own company, and this hurts the inmediate profit of these investers.

    LSM wants SM to keep it's legacy, way of production and family image and I feel like he often prioritize this long-term vision over inmediate profit.


    As long as the overall artistic direction of the company keeps being the same and they can keep contacting the same kind of producers they use now AND they keep respecting their own artist long-term career they will be fine.

    I think whoever steps up as a new big investor must understand that SM has it's own colour, history and legacy. Striping away any musical identity of their groups will result on bandwagon-stanning of people who won't care or benefit the groups long-term and will instead go for the new shiny thing. K-pop is a very fast-paced industry but SM has to keep prioritizing legacy over hype, with or without LSM. It's what makes them THE textbook K-pop company.

    Quote from Lulu_Key

    imagine thinking the good thing you are known for is your problem


    money hungry hyenas

    Kpop has always been about money, but at least when the founder was still in the company, it was different. Yes, some LSM ideas and concepts might have been bizzare, but at least he tried to create something different for every SM group, he created kpop as what it is today too. What drives me nuts is how these people can't understand that creating SMTOWN made fans of singular groups interested in other SM groups, eventually creating more profit for the company, and that giving older acts solos might not bring as much money to the company as giving newer acts a comeback, but it builds loyality between older fans and the company, the same older fans that will fill out venues for concerts.


    Now they will do everything for that quick paycheck,, rushing comebacks and overworking newer acts evern more

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