Posts by atropos

    Some ppl on twitter r already crying that it sounds like usual newjeans lol. Like yes it's newjeans and their sound.

    Mhj did a good job here. She reminded ppl that nj has music that's ready to be released.

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    The way the hybe delulus stans tuned into this conference thinking mhj was going to talk crap about other hybe groups.

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    BunniesTaglist

    IT GIRL OF KOREA

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    "‘Min Hee-jin Conflict’ in Uncertainty… NewJeans May Be Erased from HYBE’s Earnings"
    https://v.daum.net/v/20240927000314960
    Reporter: Kim Jin-wook

    The conflict between Min Hee-jin, former CEO of ADOR, and HYBE has entered a second phase as HYBE rejected the demand to reinstate her as CEO. With the dispute unresolved, the production of NewJeans’ new album has been halted, and there are even movements in the financial market to exclude NewJeans from HYBE's future earnings projections.

    According to the financial sector on the 26th, NH Investment & Securities stated in a report, “In anticipation of the worst-case scenario, we have lowered our earnings estimates under the assumption that NewJeans will no longer be active.” As a result, HYBE’s projected sales for the third quarter (July–September) have been adjusted down by 6.6 billion KRW, to 524.1 billion KRW, with operating profit lowered by 2.4 billion KRW to 59.1 billion KRW. The target stock price was also reduced from 280,000 KRW to 270,000 KRW.

    The activities being omitted include a full-length album release in the fourth quarter (October–December) and a world tour in the first half of next year (January–June), as well as another album in the second half (July–December). HYBE’s estimated operating profit loss due to these omissions is projected to be in the 10 billion KRW range for the second half of 2024, and 25 billion KRW for 2025. Analyst Lee Hwa-jung, who wrote the report, explained, “We are currently assuming the worst-case scenario. If the conflict between Min and HYBE is miraculously resolved, then it’s realistic to expect NewJeans to resume activities.”

    Concerns about "What will happen to HYBE without NewJeans or NewJeans without HYBE?" have been raised in some parts of the financial and entertainment sectors since the conflict between Min and HYBE began in April. The report is being considered significant because it marks the beginning of financial projections assuming “HYBE without NewJeans.” A source in the entertainment industry said, “HYBE has likely already simulated the potential financial outcomes if all NewJeans activities were to cease.”

    The financial market believes that the long-term impact of NewJeans' hiatus on HYBE’s earnings won’t be significant. In the entertainment industry, boy groups have traditionally been more profitable than girl groups, and HYBE's main cash cow, BTS, is set to make a comeback next year. Additionally, album sales for other boy groups like SEVENTEEN and TXT remain strong, while new boy groups ENHYPEN and BOYNEXTDOOR are also selling well. HYBE’s subsidiary-run fan community platform, Weverse, is also set to begin charging for its services soon.

    A source in the financial sector commented, “HYBE’s higher valuation compared to competing entertainment companies is due to the risk diversification achieved through its multi-label system. Even if ADOR, the label behind NewJeans, were to disappear, BTS’s BigHit, SEVENTEEN’s Pledis, ENHYPEN’s Belift Lab, and the girl group LE SSERAFIM's Source Music would remain strong, and HYBE has the potential to cultivate other competitive new artists. From a purely financial and business management perspective, the loss to HYBE without NewJeans may be less significant than the loss to NewJeans without HYBE.”

    It seems unlikely that the relationship between Min and HYBE will recover easily. In an interview with a media outlet on the 26th, Min claimed, “HYBE interfered with my work, leading to NewJeans’ activities being halted,” “HYBE offered me money to leave,” and “They spread slanderous materials about me through a foreign PR agency.” HYBE countered on the same day through their website, stating, “The halt in NewJeans' activities was due to Min’s negligence,” “We never offered her money,” and “We have evidence from the agency confirming they never distributed slanderous materials.” As both sides continue to clash, the situation remains shrouded in uncertainty.


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    Everything that was planned is put on halt.

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    the full statement from Min Hee-jin's side:


    This morning, ADOR’s board of directors resolved to convene an extraordinary shareholders’ meeting with the agenda of reappointing former CEO Min Hee-jin as an internal director. However, since the appointment of an internal director is ultimately decided by HYBE, the major shareholder, it remains uncertain at this point whether Min will be reappointed.


    Meanwhile, the ADOR board claims that on the morning of September 11, they proposed to Min Hee-jin to take charge of NewJeans' production for the next five years. However, this offer was merely an extension of the contract, with no genuine proposals such as removing the numerous toxic clauses, including the unilateral termination rights, from the original draft. Referring to this as a compromise is mere wordplay.


    Former CEO Min Hee-jin is concerned that merely extending her term under a flawed contract would not ensure NewJeans’ normal artistic activities. As a result, she has made her intention to return as CEO clear and has requested a concrete contract with sincere terms from HYBE. She is deeply angered by HYBE’s actions, proceeding with media play before any negotiations, despite the lack of any agreed details on the involved parties, her position, term, or authority.


    It was revealed this morning that HYBE has been engaging in media activities aimed at undermining the achievements of its artists. This raises questions about what they are urgently trying to cover up by suddenly issuing a statement today, and whether they are attempting to drive a wedge between former CEO Min Hee-jin and NewJeans. As you know well, HYBE has often initiated media plays that defy common sense, only to issue another statement to cover up the truth when it comes to light.

    In addition to today's revelations, the authority of the CEO involves the right to defend against various irregularities at HYBE, and there is no valid reason for their dismissal from the position, making the demands unavoidable.


    She’s deeply outraged by Ador’s repeated attempts to manipulate the public and sway opinion through blatant lies, and she feels nothing but sorrow for the harm this has caused to the artist. She hopes the Ador board of directors will demonstrate integrity by engaging in sincere negotiations rather than resorting to media manipulation. Furthermore, we strongly demand that former CEO Min Hee-jin be reinstated to her position as CEO for the sake of the artist’s rightful achievements.


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    Imagine your own company trying to dismiss your success and bad mouth you. All this is mistreatment they have been receiving from hybe. Hybe said they'll protect nj but all they have done is try to ruin them. Lbr nj does have grounds to sue hybe



    Here is a summary of the content covered in **CBS's 'Kim Hyun-jung News Show - Part 2'** regarding the **HYBE - Min Hee-jin case**:


    **Reporter: Jang Hyung-woo from Seoul Newspaper**

    - He is an industrial journalist covering sectors like shipbuilding, aviation, and defense, and didn't know how many members NewJeans had or who Min Hee-jin was. However, after HYBE filed an embezzlement lawsuit against Min Hee-jin in April, he became interested in the HYBE situation.


    On July 17th, after NewJeans' Tokyo Dome concert, Jang wrote an article about NewJeans’ performance in Japan and HYBE's stagnant stock prices. Following the article’s release, HYBE's PR team contacted him to request corrections. While fact-checking is normal, the HYBE PR representative distorted NewJeans’ performance in Japan and made unreasonable statements to Jang, which he recorded and later shared on **CBS radio**.


    ---


    ### HYBE PR’s response on NewJeans' performance in Japan (full transcript):


    HYBE PR representative (Park Tae-hee or Jo Sung-hoon): “You know how it’s said they sold 1.02 million copies? That’s the total, but in Japan, the sales weren’t that high. Since NewJeans is our artist, we must promote them, regardless of the dispute with Min Hee-jin. But the fact is, we need to correct this because the sales in Japan weren’t as high as people think… It didn’t do as well as expected. So, I think that needs to be corrected.”


    ### HYBE PR’s response to a question about Min Hee-jin’s alleged attempt to seize control of the company (full transcript):


    HYBE PR representative: “In this industry, it’s possible to bind only the artist. Once the artist is mentally gaslighted, it all falls into place. It’s possible for an insider to turn evil and seize control of the company, and they can even win an injunction.”


    ---


    Jang Hyung-woo, the Seoul Newspaper reporter, wondered how Min Hee-jin, who owns less than 20% of the shares, could seize control of the company. He, as an industrial journalist, questioned how a minority shareholder could take control despite the parent company holding 80%. HYBE's PR officer responded by claiming, “NewJeans members were gaslighted by Min Hee-jin.” Jang emphasized that this statement was defamatory towards Min Hee-jin and a severe insult to the members of NewJeans. Additionally, he noted that this comment also disregards the court’s injunction ruling.


    ---


    ### HYBE’s PR representative visiting the newsroom with evidence (full transcript):


    In May, HYBE’s PR representative (Jo Sung-hoon) visited the Seoul Newspaper office and showed screenshots of Min Hee-jin’s KakaoTalk conversations, saying, “Your director seems to dislike us.”

    Jang responded, “Our director is focused on revenue.”

    Jo then said, “I’ll ask you to correct the small facts, but separately, we need to calm your director down somehow. Otherwise, we’ll have to keep writing in detail, and that’ll be exhausting for me, too.”

    Jang, confused, said, “I didn’t even know who was who, and I still don’t know what this is all about.”

    Jo replied, “Let’s set a date soon. We need to bring you on board quickly, it’s exhausting.”


    ---


    Jang concluded that HYBE’s PR activities appeared to reflect the company’s broader strategy. He noted that as a major corporation, HYBE engages in advertising and sponsorships with media outlets, but since the Seoul Newspaper does not specialize in entertainment, there had been little interaction with HYBE. However, Jo’s suggestion hinted at using newspaper advertisements as leverage for more favorable articles about HYBE.


    Additionally, HYBE’s top PR executive (presumed to be Park Tae-hee) even proposed playing golf with the director of the Seoul Newspaper. Often, relationships are built through golf, where advertising and sponsorship deals are proposed. However, Jang confirmed that the director refused the golf offer after July 17th.

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    i dont understand, what does it mean ador has no garanted dept?


    and why would hybe want them to have it?


    and i guess then big hit will be the only one left without...

    I myself don't understand it well but they need money to pay off the debt so they maybe using their sub- labels as a way to get it

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    The thought of what's going to happen is getting me tense 😬

    I just want everything to be fine for newjeans.

    Also it's really does make me curious what hybe end game was in doing all this? To capture ador most probably? They definitely had a motive and didn't make all this public because they have to. I mean now they are saying they'll keep all the discussions they are having with nj private and not release it to public. It was a way to get mhj out so they didn't need to pay her and get ador to themselves?

    Ppl saying nj is not being mistreated as they are doing ads for iphone and ck

    Like how is doing ads connected to being mistreated? And all these deals were done during mhj time. The new management is not the reason for any of these ads.


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    Rose wasn't sure of what she was doing. She first most probably thought she'll stay in YG. Then looking at other girls she also started making her own company. Then realised it's not easy to do it unless u have been preparing for it for months. It's obvious the other 3 girls were always going their own way and the company set up was going on for months.

    Remember all those articles about how rose maybe renewing with YG? She even did that holiday collection with them. She couldn't arrive at a decision for her career unlike the other girls imo. The delay in her activities isn't really very surprising when u consider all the factors.

    There are rumors that she is shooting for a mv and her album is on the way.

    Honestly I hope she has gotten a good deal with TBL.

    Nmixx -See that?

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    Fromis_9- Supersonic

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    Currently I feel karina is bigger than Wonyoung everywhere. SM has also gotten much more serious about taking karina to next level.

    Wy popularity has gone down with ive popularity going down. Not surprising as Ive was the biggest reason her popularity became bigger after izone. Before wy was the most popular 4th gen it girl in Korea and internationally. Wy needs to find something outside of beauty and fashion. I still think she had the most influence among 4th gen girls but right now karina is overshadowing.

    Example 1


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    u cant look at this and not tell me mys aren't bored bc why that has 35k likes, every am fandom is the same until they face their fate (by sm), it's rinse and repeat with them

    I really want to know how mys bot the likes to this level? Even blink doing hate tweets rarely get this much interactions as much as my ones do. I know lsf is very disliked but still 44k for this lame tweet?



    On topic of thread - Most mys started hating on lsf extra on Twitter because perfect night blocked drama from #1 iirc.

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    BlinkTaglist

    I am loving her airport looks. So simple and nice. Pretty girl

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