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Posted by Janie-Reign 12 days ago

Netizens discuss how HYBE once considered acquiring a stake in SM Entertainment

AKP STAFF

Netizens are discussing the hypothetical case of HYBE acquiring a stake in SM.

On an online community forum, netizens talked about the article concerning the battle between Naver and Kakao Entertainment to obtain shares in SM Entertainment. In the original article, it is stated that HYBE Corporation (formerly Big Hit Entertainment) had considered acquiring a share, but the plan was aborted following a careful examination. 

Netizens and fans of artists in both companies shared their thoughts on this news. While some figured that the merger would have produced a K-pop "powerhouse," others thought that it would have been a loss for HYBE to be involved with SM at this point. Some comments include:

"Wow...SM? SM being bought? First of all, that in itself is news. The fact that the empire built by Lee Soo Man is now being divided and distributed to other music labels..."

"HYBE acquiring a part of SM would mean being too involved with little fragments of things, such as the promotions and the auditions taking place abroad like in China"

"This just shows how much money HYBE has"

"I'm glad that this didn't happen. It would be too homogenous. Too much of a single company monopolizing everything"

"It would have been interesting to see their aesthetics merge..."

"Um, HYBE almost bought it -- they couldn't do it in the end. That must mean either the contract would have been a negative deal for HYBE or just that the financial conditions weren't probable"

"Curious how SM would have changed if it were part of HYBE"

"This would have been interesting"


What were your reactions to this thought?

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Nana8989
Nana8989590 pts 12 days ago 8
12 days ago

This would have really destroyed competition within the industry. You can't have one company monopolizing and controlling everything. SM, YG, JYP and Hybe/bighit should stay separate.

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ad19
ad192,918 pts 12 days ago 6
12 days ago

In my opinion, SM is what Johnny & Associates is for Japan...the most important pop talent agency...it's the backbone of Korean pop music.

Like it or not, SM was and is the most important kpop school or better said, ACADEMY and the best producers in kpop. They just need to be more agressive in promoting their artists.

Hybe/Big Hit is centered on a single group. They didn't and don't spend money, time and resources scouting for talent and training new artists. They just want to make immediate profit.

Now, Hybe wants new idols to replace BTS (when they'll not be on trend) but bc they don't have their own talent scouts and school and to Identify and Develop Special Talents, they have to get idols by entering in partnership with other agencies. I just hope not with SM. SM doesn't need Hybe. They need to expand not to deliver idols for those agencies that just want profit

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