I hope when people talk about Hybe they know that doesn't include BigHit
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It was literally previously known as "Bighit labels" so I don't get it when some armys claim hybe has nothing to do with bighit, in fact bighit is hybe and hybe is bighit. Bang PD was who previously owned bighit, now owns hybe. Every deal hybe does directly impacts bighit first later other labels. Ador is the only label under hybe I'd call independent. After them maybe koz then pledis and others.
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It was literally previously known as "Bighit labels" so I don't get it when some armys claim hybe has nothing to do with bighit, in fact bighit is hybe and hybe is bighit. Bang PD was who previously owned bighit, now owns hybe. Every deal hybe does directly impacts bighit first later other labels. Ador is the only label under hybe I'd call independent. After them maybe koz then pledis and others.
How is Ador independent, lol? MHJ stans operate on another plane I swear.
You all really do not grasp the meaning of independent. The label in which Hybe has least shareholding is the most independent of Hybe and Hybe owns 80% of Ador and originally owned 100% of it till it gave some of the shareholding to MHJ. Pledis and Source in fact must have their original shareholders having shares in them still, which could be higher than the 20% MHJ owns in Ador making them more independent of Hybe than Ador is.
Now unless we have the exact shareholding pattern of each Hybe sub label we can proclaim none as independent...in fact since Hybe has more than 50% shareholding to 100% shareholding in its sub-labels, Hybe is the majority shareholder and no one is independent of Hybe
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How is Ador independent, lol? MHJ stans operate on another plane I swear.
You all really do not grasp the meaning of independent. The label in which Hybe has least shareholding is the most independent of Hybe and Hybe owns 80% of Ador and originally owned 100% of it till it gave some of the shareholding to MHJ. Pledis and Source in fact must have their original shareholders having shares in them still, which could be higher than the 20% MHJ owns in Ador making them more independent of Hybe than Ador is.
Now unless we have the exact shareholding pattern of each Hybe sub label we can proclaim none as independent...in fact since Hybe has more than 50% shareholding to 100% shareholding in its sub-labels, Hybe is the majority shareholder and no one is independent of Hybe
Why tf are you mad? Lol obviously I was talking about the creative independence not the shares. I follow a hybe artists and newjeans is never part of their "family projects at all".
I think there’s a couple misunderstandings because ADOR started as a label within HYBE. To put it bluntly, ADOR is a company founded to allow Min Heejin do music and business the way she desires to.
"When I launched ADOR under HYBE, I strongly argued for a complete “lack of interference on creativity and our independent operations”. And as such, HYBE has no say or relation to how ADOR operates and runs production. So it feels weird when I sometimes see ADOR’s music style grouped with SM or HYBE
The
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Why tf are you mad? Lol obviously I was talking about the creative independence not the shares. I follow a hybe artists and newjeans is never part of their "family projects at all".
I think there’s a couple misunderstandings because ADOR started as a label within HYBE. To put it bluntly, ADOR is a company founded to allow Min Heejin do music and business the way she desires to.
"When I launched ADOR under HYBE, I strongly argued for a complete “lack of interference on creativity and our independent operations”. And as such, HYBE has no say or relation to how ADOR operates and runs production. So it feels weird when I sometimes see ADOR’s music style grouped with SM or HYBE
The
Company stans usually piss me off and the ones who stan MHJ are even more irritating with these takes.
Yes I am sure Queen MHJ is absolutely independent and Hybe has no control over her sub label when they own 80% shares
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Big Hit Music is still technically and legally listed under HYBE even if it is given more autonomy because of BTS etc.
A quick Google search can confirm that:
Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe Corporation in March 2021.[43]The company underwent a complete organizational restructuring, which also saw the name "Big Hit Entertainment" (as relates to music operations) become Big Hit Music under Hybe's new Labels division. The renaming was approved at a shareholders meeting on March 30.
We can dislike and hate HYBE as we please but it is not accurate to say that Big Hit is NOT a part of HYBE when it 100000% is. Autonomy and levels of influence of HYBE staff re Big Hit Music decisions is separate matter but I think there is def a lot more going on than what fans who dislike HYBE would like to accept.
Big Hit Music is an independent music label subsidiary under HYBE and even on its website it states it is part of HYBE family etc.
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How is Ador independent, lol? MHJ stans operate on another plane I swear.
You all really do not grasp the meaning of independent. The label in which Hybe has least shareholding is the most independent of Hybe and Hybe owns 80% of Ador and originally owned 100% of it till it gave some of the shareholding to MHJ. Pledis and Source in fact must have their original shareholders having shares in them still, which could be higher than the 20% MHJ owns in Ador making them more independent of Hybe than Ador is.
Now unless we have the exact shareholding pattern of each Hybe sub label we can proclaim none as independent...in fact since Hybe has more than 50% shareholding to 100% shareholding in its sub-labels, Hybe is the majority shareholder and no one is independent of Hybe
The word 'independent' is not the most accurate choice, but I understand what the other user meant. I think it's more about which label distance themselves more from Hybe. In this case, it's Ador, not Bighit. Hybe's higher up gives Mhj a lot of freedom to operate her own company. Ador is still tied to them and control by Hybe too, obviously, but compared to other companies, they're the only one that didn't fully embrace the family agenda that Hybe is trying to create and push with all their subsidiaries and didn't involve much with Hybe extra activities for their groups. And to some degree, they allowed Mhj to do that. Meanwhile, Bighit, well, they're the OG of Hybe, and BTS is the face of that yellow label. Bighit can't simply stop being associated with Hybe especially when Bts still heavily used to promote anything from that label.
Whatever the case may be, BH is listed as one of the subsidiaries under Hybe, promoted under that label, and uses the same building and facilities as the other subsidiaries. If anything happens to Hybe, it will influence Bighit, and vice versa. Bighit is literally included in their financial report every year. BTS (and other BH artists) most likely sign their contracts under both entities, as it involves the Bod of Hybe for the contract negotiations, not only Bighit. If they were two separate entities, this would not happen.
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Bighit did indeed birth Hybe - many of us were around for that so IMO, it can't be denied.
However, it seems obvious to me that those groups who predated that birth - many of whom were with BH for years before Hybe started it's re-structure to be a behemoth who owned a bunch of sub-labels - are not managed the same way as those who came after.
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It's funny when I searched for info about this again that Google placed an akp thread from back in the day at the top of the search results. Our perceptions really change when time passes by.
The thread did remind me of the fact that a section of bighit/hybe shareholders such as Korea's National Pension Fund were firmly against bighit becoming independent. Without the independent label investors might be able to pressure hybe into giving them more specific info about BTS related stuff that they do not like to share. Hybe might not have total control over bighit, but more importantly the independence status guards bighit and its artists from the demands and priorities of hybe's shareholders.
the mentioned thread: Big Hit Music has been successfully hived out as an independent private subsidiary of Hybe despite shareholder opposition
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It's Lee Hyun that the Lee H stands for for under Bighit
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It's funny when I searched for info about this again that Google placed an akp thread from back in the day at the top of the search results. Our perceptions really change when time passes by.
The thread did remind me of the fact that a section of bighit/hybe shareholders such as Korea's National Pension Fund were firmly against bighit becoming independent. Without the independent label investors might be able to pressure hybe into giving them more specific info about BTS related stuff that they do not like to share. Hybe might not have total control over bighit, but more importantly the independence status guards bighit and its artists from the demands and priorities of hybe's shareholders.
the mentioned thread: Big Hit Music has been successfully hived out as an independent private subsidiary of Hybe despite shareholder opposition
Independent and private are two different things here. Big Hit does not have independence and autonomy in the literal sense since it is most likely a 100% subsidiary of Hybe, what it does have is privacy. What the post tweets show is that some of the original minority shareholders wanted direct stake in BH which was denied to them and they have stake only in the parent Hybe and not directly in BH, so in that sense BH is protected from their direct interference in matters that affect BTS, now they can only indirectly intervene via Hybe and not be involved in day to day affairs of BH directly. What making BH private and a subsidiary did is add an additional layer between the external shareholders and BTS, when the reason those shareholders had invested in Hybe was to get direct access to BTS.
While Hybe is publicly listed most of its subsidiaries are not so Hybe is not bound to make as many disclosures about the subsidiaries as it is made to disclose about itself as a parent company which is publicly listed. So Armys who think other Hybe subsidiaries are very different from Big Hit are again mistaken cause if they are not publicly listed either, which most aren't, then they are exactly like BH, no different, except in shareholding and ownership pattern.
Now this is what interests me, I want to know who actually owns how many shares in Big Hit, is it 100% Hybe or are there still other shareholders. A simple google search yields me nothing. I wonder if Hybe discloses the shareholding pattern of its subsidiaries in its annual reports or not.
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