guess we’re all working with assumptions
until either side starts showing actual receipts, everything currently are assumptions.
guess we’re all working with assumptions
until either side starts showing actual receipts, everything currently are assumptions.
she’d need to attract a stupidly rich and naive investor that would buy out NJ and THEN make money against (I assume) a hostile hybe/their resources
assuming the reports were true that they were courting Saudi and/or Singaporean investment...$145M is a rounding error for them.
reports out saying that HYBE will demand 210B won if NJ were to seek contract termination.
armys roasting them on the alleged mistreatment is funny😂.
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those were all after they hit it big...they ain't like illit who were attending PFW predebut when no one knew who they were and everyone thought they were New Jeans.
“Discrimination between subsidiaries”… HYBE Multi-Label became ‘poisonous’?
Red Velvet is still exists, regardless of whether you like any other their post 2018 work. The survival of the other SM groups she worked on didn't end up depending on her continued involvement either. Thinking New Jeans would survive without her just like everyone else in the industry survives without her is hardly delusional.
SM groups survive because they don't disband any of their groups.
buying playlists is expensive
[Exclusive] Ador is scheduled to announce its official position on the afternoon of the 24th regarding the management rights conflict with HYBE
Regarding the management dispute between HYBE and Ador, it has been reported that Ador is scheduled to announce an official position on the afternoon of the 24th.
According to the pop culture industry on this day, it was reported that Ador will reveal its official position through its legal representative on the 24th in relation to the questionnaire raised by HYBE asking about the facts such as Ador's information leak and plot to steal management rights.
Min Hee-jin, CEO of Ador, defined the exercise of HYBE's right to audit Ador as 'Illit's New Jeans copy incident' and denied the fact that it was related to the takeover of management rights, claiming, "I raised the issue of the suspicion of imitation, but did not receive an answer." I have done it. Additionally, CEO Min is not responding to HYBE's request to return the company's information assets. The original return deadline was 6 p.m. on the 23rd. An industry official said, “I understand that HYBE has requested the Ador board of directors to convene a board meeting on the 30th and has also sent a letter requesting CEO Min’s resignation.”
In the world of popular culture, there are concerns that if the dispute between HYBE and Ador continues into a legal battle and is prolonged, the hard-earned tower of K-pop could collapse.
According to the industry, HYBE and Ador are preparing for a legal battle by appointing Kim & Chang Law Firm and Sejong Law Firm, respectively, as legal representatives. If a legal battle breaks out, the situation could last for years. First of all, it takes two months just to decide on a provisional injunction to hold an extraordinary general meeting of shareholders, and if a lawsuit is opened on the issues that the two sides are currently facing and it goes to a higher trial, it is difficult to predict when the dispute will end.
The one suffering so far is the K-pop industry, which was built with great difficulty. First of all, there is a natural loss to HYBE and HYBE shareholders. Although there are no problems with New Jeans' comeback in May, there may be restrictions on future activities. Producers representing New Jeans, such as 250 and FRNK, are likely to have difficulties working with New Jeans without CEO Min. Securities analysts are analyzing Ador's contribution to be 10% of HYBE's operating profit last year. In addition, it is predicted that volatility in HYBE's stock price will be inevitable until the dispute is resolved, so shareholders are expected to suffer continued losses. HYBE's market capitalization evaporated by 850 billion won after the dispute broke out.
Momentica, a digital photo card exchange platform operated by a joint venture between HYBE and Dunamu, apologized after being caught trying to steal the portrait of a singer belonging to another management company without prior consultation.
Momentica said, "We have received a problem from SM regarding the use of Riize's portrait in SNS promotional posts without SM's prior consent. We apologize to SM and to the fans who have been waiting for the service for the lack of sufficient review and consultation in advance." “I tell you this,” he said.
Levels, the operator of Momentica, is a joint venture established by HYBE, the No. 1 entertainment company in Korea by market capitalization, and Dunamu, which operates cryptocurrency exchange Upbit, for the NFT business. Platform Momentica allows you to purchase idol NFTs with lemons, which are commonly used as currency. This NFT consists of a video containing the idol's photo or voice, and is a digitized version of the physical photo card, which is considered a necessity in the fandom.
So far, the service has been focused on singers from HYBE labels such as Seventeen, Le Seraphim, and Enhyphen, and Riize, a member of SM Entertainment, has attracted attention as a 'Be-Hive' singer. However, upon confirmation, it was discovered that SM had not discussed any service collaboration with Momentica. Not only the ‘promotional post’ but also the ‘service’ itself was not discussed in advance.
An entertainment official said, "As the economic value and importance of K-pop singers' IPs are growing, companies that provide services using them must be more careful. Nowadays, just mentioning their names without prior consent is considered IP infringement." “As this can be an example, if you blindly open a service without consultation, you could be held legally responsible,” he advised.
New Jeans Hyein, meaningful words posted on illit's debut day, 'stop copying'
On March 25th, Hyein posted several photos on PHONING, New Jeans' fan communication community. Among these, the photo that caught people's attention was a photo of Hyerin lying face down, with the words "stop copying" written in very small letters.
The problem was the posting date of the photo. This is the debut date of Aillet, a girl group under the same hive label, Belif Lab. The reason why the photo, which passed by without meaning at the time, is receiving attention belatedly is because CEO Min Hee-jin, who is in charge of everything at New Jeans, is currently facing backlash by claiming the similarity between New Jeans and illit and branding it a 'New Jeans copycat'.
There are various interpretations regarding ‘stop copying’ that Hyein left behind. While some say that it was aimed at illit when she debuted, there are quite a few opinions that defend it by saying that it was directed at Hyerin, who wore the same clothes as herself.
Only Hyein herself knows the true intention of posting the photo, but it is causing a big stir. Regarding this incident, the general consensus was that New Jeans and CEO Min Hee-jin should be viewed separately, but as the article took the form of targeting CEO Min Hee-jin, 'New Jeans Mom' and 'New Jeans' should never be viewed separately. This proves that it is difficult.
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Is that the Kim Jae Joong and was he in Weverse con last year cause he is not listed as new
the alienation has begun...there is no turning back for NJ.
That won't do them much good with the public turning on them. They're in a tough spot.
they rather go down guns blazing than acquiese and play second fiddle to illit...the new alphas at HYBE.
I think the parents might need to release some sort of statement because the way all the articles are worded- and the way MHJ stated things- many people are starting to conclude that the parents and the girls support MHJ's takeover of Adore.
they supporting the one person in HYBE/ADOR that has their backs
Didn't MHJ say she already discussed it with them in one of her statements?
MHJ received the blessing of the members and their parents before she released her statement.
tried to watch it but his voice is so grating.
disband them. HYBE doesn't need them anymore, they have NJ 2.0.
or are they...