But then, IU might be following a different model
This was discussed in the 2017 episode of Happy Together, the links between
IU and Yoo Hee Yeol - association is too long to list
IU andJung Jae-hyung - is also long, from Good Day to Lilac
IU and Peppertones - The Red Shoes- Modern Times
IU and Sam Kim - Ending Scene, Palette
IU and Jung Seung Hwan - 2 songs,
So the talk was about getting IU joining Antenna Music, joking that they can't afford her etc.
Since then,
Jukjae from IU's team signs up with Antenna for his solo career, of all the agencies he could have chosen.
Recently, IU's first composition for another artist, beyond just lyrics, is to Jung Seung Hwan
In The Game Caterers episode, another conversation, but this time about IU buying Antenna Music, and she turned down the offer from YHY.
Finally Kakao M acquires shares of Antenna Music in May.
Since WhyKnock proposes that IU is the effective owner of EDAM, then does it not lead that she has stakes in Kakao M as well and hence has pushed for this investment by Kakao M in Antenna?
Then is IU building a Queendom if not an Empire, all behind the scenes.
A different model from HYBE or the 3, a network of smaller but resilient actors.
In real estate, location is the core, everything else is secondary. In entertainment, content is the king, everything else is secondary. And IU is in a pretty good position, to be the leader of the "Rebel alliance", i.e. everyone who is not in the Big 4. That would give her/EDAM control over the majority of content, Kakao M would be happy counting the profits, taking care of the technology side.
From veterans to the newbies, everyone wants her imprimatur, so she might as well replace YHY via Antenna and the Sketchbook position in a decade or so, a sort of Anna Wintour of fashion, the arbitrator of taste in kpop industry.
Who knows, she might replace MAMA, GDA etc., start giving out her own Bonsangs and Daesangs. :)