This article states that HYBE transferred 4.2 billion won, ~2 million USD, and its because they are saying that NewJeans’ work that they used in HYBE’s Rhythm Hive or whatever the hell the game is called is HYBE’s work, not NewJeans’.
Thats like if Fortnite said NewJeans’ songs in the next couple of months is Fortnite’s intellectual property because now its on their game???
Like yes they are an evil company i hope the execs burn in hell
I need a word for Hybe stans that are delusional… something demeaning….
interesting
does anyone have the full translation?
interesting
does anyone have the full translation?
Ms P choa does but we all know she’s blocked round these parts
can't you just copy and paste just the translated parts?
There are concerns that HYBE, aiming to transform into a comprehensive entertainment platform, may be inflating new business revenues through internal transactions among its subsidiaries. This comes after its gaming and software subsidiary, HYBE IM, recognized 4 billion won (2.9M) in sales from another subsidiary, ADOR.
According to industry sources on the 17th, HYBE IM and ADOR reported 4.2 billion won in internal transactions between the two companies for the third quarter of this year, as disclosed at the end of September. HYBE IM accounted for 4.1 billion won in sales from ADOR, while ADOR only recognized 900 million won in sales from HYBE IM.
The only explanation given by both companies for their transactions is that they are related to game royalties. However, there are suspicions in the market that HYBE may be inflating new business revenues by leveraging ADOR, which has seen a surge in sales thanks to the group NewJeans.
Typically, if artists from a label under HYBE appear in a game, the subsidiary would recognize revenue for copyright royalties and similar purposes. However, in the case of the transaction between ADOR and HYBE IM, it is the opposite; ADOR is essentially using HYBE IM's game service and paid for it.
HYBE IM updated its services last August by featuring NewJeans in its game "Rhythm Hive." Given that NewJeans is under ADOR and HYBE IM utilized their intellectual property, one would expect that the revenue should have been recognized by ADOR instead.
A market insider noted, "HYBE is already trying to generate hundreds of millions of won in quarterly sales from ADOR, yet the still-establishing HYBE IM is recognizing revenue for unclear transaction purposes. If this structure continues, it could lead to issues such as a reduction in the amounts that artists should be compensated."
A HYBE representative stated, "It is difficult to confirm specific details regarding the internal transaction disclosures."
source: https://dealsite.co.kr/articles/129742
original post: here
1. Wow f*ck so they just took off 4 billion just like that? Under what pretext??
2. They're just using ADOR to generate money for their gaming company ㅋㅋㅋㅋㅋ
3. Hul?? They're thugs
4. Wow ㅋㅋㅋㅋㅋㅋㅋㅋㅋ HYBE is f*cking scary
5. If they made money by using NewJeans, shouldn’t they be the ones paying for it? Someone should reach out to the Fair Trade Commission about this
6. So they're not only using the fangirls' money, but straight up their artists' salary...
7. F*cking weirdos...
8. NewJeans need to cancel their contract renewal right now
9. And you think the other artists will be fine? ㅠㅋㅋ this is what people should be worried about...
10. Thieves
The problem is the fact that they're stealing regardless of the amount.
The way i’m fighting myself in so many ways for your peace of mind
It is always about the money. MHJ guarded Ador's coffers too well, so they took her down.
It is always about the money. MHJ guarded Ador's coffers too well, so they took her down.
exactly
Hybe stans think it's okay because its chump change. pasted-from-clipboard.jpg
The NJ parents should go to the police if it is illegal or if they want the money for their daughters. Go and burn the boat.
and armies are still fine with BTS staying under HYBE?
Because papa bear will compensate it with west artist collaboration..so everyone will just quite 
Display Morehttps://dealsite.co.kr/articles/129742
This article states that HYBE transferred 4.2 billion won, ~2 million USD, and its because they are saying that NewJeans’ work that they used in HYBE’s Rhythm Hive or whatever the hell the game is called is HYBE’s work, not NewJeans’.
Thats like if Fortnite said NewJeans’ songs in the next couple of months is Fortnite’s intellectual property because now its on their game???
Like yes they are an evil company i hope the execs burn in hell
dude, calm down. Do you think dating Afreeca TV star is cheap? My fellow Mr. Bang needs some money. Just look at her, McDuck is not an option
THAT IS NOT REAL TELL ME THIS IS A JOKE
Define stealing? Its their money so im confused
Especially the Spotify playlisting and promotions seems unlikely without Hybe's western connection and distibution and the budget given to Ador to have a succesful debut without money issue
Nah, it's all organic for NJ.
Define stealing? Its their money so im confused
Its not their money, it should be Adores. Take fortnite for example. They are dropping newjeans skins in December. Because their IP is owned by Adore, to use it fortnite will pay a fee to Adore to be paid to newjeans and they'll also get royalties, likely based on how many people buy the skins or continue using the service because of their characters.
Hybe IM has used their IP but the money going to Adore doesn't make sense, Adore should be making way more from the deal. If Hybe IM made 4.1 billion from Adore, why did Adore only get paid 900 mill? Even if your owned by the same final owner, the IP and income from each subsidiary needs to be accounted for by the subsidiary that earned it/owns the IP. Yeah you can offset, but it needs to be done properly and thats not whats happening here.
Only way these numbers make sense is if the royalty money for the newjeans' IP being used in the game is going to Hybe IM and being treated as their profit. So either they are vastly underpaying Adore for the IP royalties, or they aren't paying them for it at all with the excuse of them being under the same group to make Hybe IM look like its making more money than it is. Either way, the correct amount of money isn't going to flow to newjeans, they only get paid through Adore, so if the money isn't being transferred to Adore, they aren't getting paid.
Define stealing? Its their money so im confused
Labels can't take each other's money wtf.
These stans are idiots because they think their own favorite group is safe if they’re currently in good standing, but this multi label system issue could have EASILY gone differently if BSH preferred the girls in NewJeans over the Le Sserafim members. It would have been exactly flipped, and all it takes now is illit’s management and Le Sserafim’s taking issue with one another (both also have egotistical dickheads running them also) and boom, BSH pulls the plug on all women like his misogynistic ass did for years and years.
These stans are idiots because they think their own favorite group is safe if they’re currently in good standing, but this multi label system issue could have EASILY gone differently if BSH preferred the girls in NewJeans over the Le Sserafim members. It would have been exactly flipped, and all it takes now is illit’s management and Le Sserafim’s taking issue with one another (both also have egotistical dickheads running them also) and boom, BSH pulls the plug on all women like his misogynistic ass did for years and years.
Wonder if Hybe made such a big deal about how much NewJeans was getting paid because they aren't paying any of their idols nearly as much. Most of the labels are in deep debt
Define stealing? Its their money so im confused
Nah. Nobody said something before, not even MHJ. And there is not even one lawsuit. Also, I doubt Hybe was so stupid to do something illegal giving MHJ and Newjeans side another levarage. My guess is that was legal. Unethical? Maybe, but they can't do much about it with that.
Boy, in Kpop a man can't falling in love without being questioned about it? 
Understand the meaning of "bullshit", which aptly describes your entire contribution to the discussion.
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