With SM in a hiatus with Mr. Sooman Lee only caring about his own profits, the tiny company Edam Entertainment became Hybe's biggest rival.
Although Edam Entertainment only had one singer, who was also its owner, producer and chief draw, Edam fought Hybe tooth and nail .
But now Edam is once again owned by Kakao, which has acquired SM.
Kakao Entertainment's focus will be on SM, not its longest lasting singer.
The people who will run SM are going to be aggressive, and Kakao, which found a limitation with the former owner of Edam Entertainment, will push SM a lot and shun the former owner of Edam.
SM had a lot of great trainees but they all disappeared and now it is starting anew, but its name value is enormous and it will quickly rebuild its old empire.
I think at some point the people running SM will request Kakao Entertainment to kick out its oldest lasting singer, which will probably be done.
After the person who menaced SM for all these year is ousted, probably around 2024 when Min Heejin will probably take over the control of Hybe acts, it will be a battle for ages - the Old SM under Min Heejin vs the New SM under Chris Lee and the other guy, with the former owner of Edam who might join Min Heejin's forces just to spite Kakao. and BTS (at least some members) collaborating with SM to spite Min Heejin.
There are four players, Hybe, Kakao, BTS and the former owner of Edam Entertainment, and it will be quite a mess.
