sorry to burst your bubbles company stans (in conclusion yall 🤡) (aka get owned by facts and logic)

Big Hit was already paying to distribution for BTS's albums before that. They're will still pay after this deal, but probably less. For example if before that they pay 15%, after that they will pay 10% or maybe less. Thus, more money will be left in their pocket from album sales, they will earn more. YG + will of course grow and profit thanks to this share paid. It's a win / win station.

If YG artists join Weverse, it will be a great convenience not only for the artists but also for the fans. Because when there are concerts, you will have the chance to get your ticket with pre-sell without the stress of Ticketmaster thanks to Weverse, which is one of the biggest advantages of Weverse.

So found out some more info.

As YGE is the largest stakeholder in YGPlus, Big Hit and its subsidiary paid YGE $35 million for a portion of their stock in YGPlus.

Although YGE is still the largest stakeholder in YGPlus still owning 35.97% of YGPlus stock after the sell.

Big Hit and its subsidiary owns 17%.

Big Hit also paid YG (Yang Hyunsuk) and his brother Yang Minsuk $13.4 million for their stocks in YGPlus.

Quote from sunshinetea

Literally saw a post by dryheat yesterday and multiple others with that title.....also saw a thread saying that bighit was buying competion and monopolizing the market

My thread said bought YG Plus not YG... and I said it was flashier. All my titles are. Y'all coulda went to the news section for facts

Quote from Blue2012

YGPlus will be the distributor for albums and merch for Big Hit. That was stated in articles by Big Hit officials who clearly stated YGPlus' distribution network is powerful.

YGPlus does distribution for YGE. YGPlus also signed an agreement last year with THEBLACKLABEL. They also have agreements with other labels such as Katie Kim's label, Axis, which is owned by a former YG Creative director.

YGE has a 38% stake in YGPlus, Yang Hyun Suk and YG's brother Yang Minsuk each own about and 15% stake in YGPlus. G-Dragon and Taeyang also have large stakes in YGPlus. BH and its subsidiary will have about a 17% stake. So BH has a small place at the YGPlus table.

Also, YGPlus does more than distribution, they have clothing, cosmetics, YG Foods, they own VIBE with Naver, the modeling roster and Ad sales.

When people buy Big Hit albums there will be a YGPlus logo on it. YGPlus will also appear next to Big Hit albums on Gaon.

So if you buy a Big Hit album or merchandise, part of the sales is going to YGPlus.

No they aren't. YG artists are under YG. YGPlus has agreements with YG, TBL, AXIS and now Big Hit for album and merch distribution.

TBL is a subsidiary of YG.

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BH purchased YHS and Yang Min Suk's stakes, btw, so their direct ownership in YG plus has also reduced.

YGE's stake is also down

So saying that BH has a small place on YGplus table is inherently absurd.

I don't entirely get it. The OP's about how company stans are dumb, and how the deal will benefit both YG and BH and that people should be happy about it... but wouldn't company stans be the only ones who really care about the business dealings of 'their' company?

So the OP's basically company stans telling other company stans (of YG, BH) what the facts of the deal are and how it profits 'their' company?

I mean, if you're not into BH or YG the company but just a K-pop group fan, most of that stuff is either trivial or popcorn entertainment

Quote from paradis

BH purchased YHS and Yang Min Suk's stakes, btw, so their direct ownership in YG plus has also reduced.

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YGE's stake is also down

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So saying that BH has a small place on YGplus table is inherently absurd.

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This information is incorrect, together with Yang Hyunsuk and Yang Minsuk, YGE's share in YGPlus was 49.64%.

After the sale, YGE's stake in YGPlus is currently 35.97% . Big Hit' stake is 7.68% and BNX is 10.24%.

Source

Quote from sunshinetea

Sweetheart, that "flashiness" was false and misleading and you were acting like bts/bighit bought ygplus....which is misleading in itself.....its just average business that benefits both bighit and yg....it wasn't that deep

it's not that serious but you felt the need to tag me about it here lol

The whole thread was troll and full of clownery....and like I said anyone coulda went to the news section.