Hybe was going to bid for SM to help out Lee Soo Man!!!

But if Kakao has sm I doubt that would happen as they work with Naver

P.s. : btw hybe seem so obsessed with sm stocks or whatever, let it go girl,why u here? u aren't Disney. I thought sm signing with Kakao was clear sign of what position they were, specially after kicking LSM lmao

EYE

we about to become in-laws

lmao truly even kdrama can’t keep up with this saga with all its twists and turns

What k-drama is this

Real life imitating art

Not this twitter account again

So LSM was already suspecting this would happen and called up HYBE? Then SM current directors hurried to backstab him while he was in the US with a fractured arm?

Both SM directors and Kakao say that it isnt their intention to have Kakao swallowing up SM as a whole but I don't see how that isn't the main purpose. Kakao are not the good guys.

And if HYBE managed to get those shares what would this mean for DearU/Weverse?

Quote from paradis

Kakao deal has not gone through as Lee Soo Man has out an injunction, and his case is very strong.

He is senile he was also the reason Kakao/Naver were pulling and pushing for months, he need to go to retirement. It's over girl

whatttt

i was joking yesterday when i said what if hybe buy lsm's shares and become sm's biggest shareholder

now what? this is wild lmao

Doubt this was ever a serious offer.

Hybe's debt ratio is extremely high.

Quote from killingtime1934

But if Kakao has sm I doubt that would happen as they work with Naver

P.s. : btw hybe seem so obsessed with sm stocks or whatever, let it go girl,why u here? u aren't Disney. I thought sm signing with Kakao was clear sign of what position they were, specially after kicking LSM lmao

i think this is explaining the past situation not the current situation.

edit: oh nvrmnd just saw the 7th.

the biggest twist in 2023 will be if hybe indeed decides to buy SM again

oh just saw hybe said : there is no official info delivered regarding this

Quote from paradis

All depends on if court cancels the Kakao SM deal and if LSM amd Hybe can come to an understanding

didnt hybe alr back out of the race? hmmmm it would be interesting indeed.

Imagine doing a bunch of mediaplay for their other groups to be 'The Next BTS' or to front himself as the greatest thing to ever happen in KPOP just to be bought out by BTS' agency (some of it coming from BTS' money as well)

Would SooMan's pride allow this to happen?

i know we joke about lsm, but he's got nothing on kakao in terms of shady dealings

Quote from paradis

Some? Its pretty much majority BTS money....they account for 70-80% of the revenue of that company still if you account for all the different convoluted entries Hybe make in their accounts to show decreased dependence on BTS

That's revenue. I know BTS' role in their company as a major earner. But since, BTS has renewed their contract, HYBE is taking a 'little' less profit from their sales revenue. HYBE also had an IPO 2 years ago, thus raising more money and having more profit taken from other groups like SVT, ENHYPHEN, TXT and the rest.

I'm talking about HYBE's cash flow or the money they kept all over the years after deducting expenses & investments AND the money that they raised from IPO which is huge. If this news is true, then HYBE would need to shell out hundreds of millions of dollars, and a bunch of it would be coming from their IPO's money. Kinda like when HYBE acquired ITHACA HOLDINGS in 2021 with a BILLION dollar. HYBE has no way of paying them off had they not raised so much money from IPO. Simple as that.

I haven't been paying much attention to SM or their business/artists but BTS money is already being stretched thin for that ungrateful company. But at the same time with Hybe lowering their "dependence" of BTS, this move could have bankrupt them more swiftly, which is my endgame. Tough dilemma I'm in.

But imagine pressed and egotistical SM stans having to be under BTS shadow DIRECTLY

Quote from bartkun

so now SM would have all those Starship, HighUp, 1st Entertainment, EDAM under their wing

or like 'semi' under for now, but it would be full for sure if Kakao would acquire whole SM

You must be confused. If the acquisition of shares succeed, then Kakao would own 9% of SM which affects the sublabels/subsidiaries. SM don't own shit to Kakao- it's the other way around. This is actually the reason why LSM backed out with the Kakao deal before. He also wants to co-manage the production/operation of Kakao (not sure which subsidiaries), but the latter said no lol. LSM wants power, but Kakao being the greater evil won't let it happen, so now the major shareholders & executives in SM want to push LSM aside for the greater evil to happen

This might be harsh, but SooMan is a few years away from being buried 6 feet under (respectfully), so if I were him I'd rather spend all my money to enjoy with loved ones than fight these people off. It's just sad.

I already TOLD people of what could happen

Thread

Theory: Sooman is sabotaging SM Behind The Scenes so he can launch his new company

Allegedly, Sooman was ousted from SM and he's no longer able to embezzle about 40% using his private company, Like Planning, like he used to. Now that the company he founded is no longer his, he may be thinking, "I created SM, I can destroy SM". You'd be pretty mad too if you lost a source of a lot of easy money. According to this theory, Sooman loyalists in SM are sabotaging the company under the guise of incompetence: picking bad songs on purpose, delaying comebacks, creating…

godkingteshub

Feb 2nd 2023

Thread

I post my SM sabotage theory > couple of hours later SM publicly posts their "new strategy" - Coincidence?

On February 3, 8:37 AM KST I make my theory thread about SM being sabotaged by the now ousted Sooman.

forum.allkpop.com/thread/149722/
Some hours later, at 12:01 PM KST, SM posts in their official twitter and youtube their "SM 3.0" new IP strategy plan.

twitter.com/SMTOWNGLOBAL/status/1621343078216007680


youtube.com/watch?v=n4WSs3ebprw


The whole video looks like something made to be shown only to investors/stockholders rather than the general public. They never release stuff like this on their…

godkingteshub

Feb 3rd 2023

Quote from paradis

Seeing how you have no idea how the contract is structured, its a big assumption to make.

I don't need to know their contract details to know that BTS is keeping more profits than HYBE now. This doesn't need for further discussion.

Quote from paradis

That little less share is still enough to keep that company running primarily. Not to mention all of that IPO money is cause of BTS being a Hybe group.

Look, you don't need to tell me this. Everyone knows this including kpop stans.

Why is Hybe collecting slimy CEOs that start with the letter S.. Scooter and now Sooman. Stop Hybe stop.

Quote from bartkun

but this is actually good that they didn't?

because you would have your Microsoft kind of situation?

like you know one company the world eater

and Kakao is hella big conglomerate but it isn't a company which is only known from kpop,. it's the opposite

so it can rather be situation that SM would be something like Big Hit or even HYBE

and those all other subsidiaries of Kakao could become like a subsidiaries of SM

you know how HYBE has Big Hit, Pledis, Source, ADOR,

so now SM would have all those Starship, HighUp, 1st Entertainment, EDAM under their wing

or like 'semi' under for now, but it would be full for sure if Kakao would acquire whole SM

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so you'd rather kakao added yet another tentacle in their already big monopoly than have hybe and lsm come to an arrangement? kakao is not known for kpop because they have melon, kakao talks, kakao games, etc.

Quote from nevermindmejin

Why is Hybe collecting slimy CEOs that start with the letter S.. Scooter and now Sooman. Stop Hybe stop.

Isn't "Hitman" Bang PD dating a woman MUCH younger than him? I don't think Scooter or Sooman are.

Quote from bartkun

yap I would rather have that because those agencies which are under Kakao might have many groups when put together but that's it

Kakao having another tentacle ain't my problem, especially knowing that Kakao CEO actually had plans to change some things and just as there is Kakao Games, Kakao Bank etc. he wanted there to be Kakao Entertainment focusing on Kpop, acting etc.

Kakao already has kpop labels (starship, edam, etc.). The fact kpop stans don't know this doesn't make them less of a monopoly than hybe. And your first sentence describes hybe? They're a conglomerate of several labels, sm would be another one.

Quote from sweetenerstan

Imagine doing a bunch of mediaplay for their other groups to be 'The Next BTS' or to front himself as the greatest thing to ever happen in KPOP just to be bought out by BTS' agency (some of it coming from BTS' money as well)

Would SooMan's pride allow this to happen?

Display Spoiler

And if HYBE succeeds, then I guess it's only a matter of time until they plan on buying YG & JYP

BangPD is very close with JYP himself and HYBE is already YG's partner. What will they become if it ever happens?

Actually, BTS earned more as a group than YG + JYP combined this year, so these companies are a great filler to fill the void for the mean time.

Kidding aside (kinda), they surely are busy shopping while BTS is on hiatus tho.

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im very confused ?? i really don't think lsm would ever agree to have their company ran by hybe , lsm never even agreed to having kakao get so many shares in sm. Why is hybe a white knight when they are not less shady than anybody else , how would it help out lee soo man if they were the main shareholders??

Quote from allfandomssuck

So LSM was already suspecting this would happen and called up HYBE? Then SM current directors hurried to backstab him while he was in the US with a fractured arm?

Both SM directors and Kakao say that it isnt their intention to have Kakao swallowing up SM as a whole but I don't see how that isn't the main purpose. Kakao are not the good guys.

And if HYBE managed to get those shares what would this mean for DearU/Weverse?

I think they would have the rules cleared up like for ex HYBE wont mess with Dear U’s development etc