Article: "(Blind) HYBE held an internal briefing today regarding the SM acquisition"
Source: The Qoo
<blind
[Broadcast-enter lounge]
HYBE @IFtt78
"I listened to the HYBE-SM related briefing today."
"To sum it up,
"Lee Soo-man has no management rights, only royalties, no participation in producing, no hand-on management or anything after resignation.
HYBE has no intention of shaking up SM and changing it.
HYBE is already multi-label, and guarantees independence with SM.
If SM and HYBE merge, of course, there will be a lot of synergy so that's why they took over.
That's basically what they talked about today."
<blind
SM Entertainment @lill1111p
"Ok, if that's literally it."
HYBE @kkkkikikli
"I'm really glad"
HYBE @jljjii
"Shihyuk-nim, Seongsu-nim, Heejin-nim, and Seongjin-nim are still busy, they don't have to produce for other people's companies."
<blind
HYBE @KeOk12
"It was a well organized briefing session."
HYBE @182hsj2
"It was 10 minutes of talking and then it was over. Lee Soo-man will no longer be involved in management, he'll just be paid royalties. He won't even produce. They have no plans to shake up things and haven't thought of doing it. They put a lot of emphasis on that."
HYBE @182hsj2
"There has been a lot of nonsense and rumors going around the past few days so they probably thought they need to address things right way. They must've been in a panic and decided to quickly hold the briefing session."
- ㅋ ㅋ ㅋ ㅋ ㅋㅋ ㅋ ㅋ ㅋ ㅋㅋ ㅋ
- ??
- So Lee Soo-man just ate the money and left???
- But Lee Soo-man and Bang Si-hyuk shared their initial joint statement already..? This seems entirely different from that?
- Eh, so why did Lee Soo-man sell? And at such a cheap price too??
- They why did Lee Soo-man sell? Did he just use his shares as a tool to retaliate against the company that kicked him out??
- But there were rumors all the directors will be replaced according to Bang Si-hyuk's tastes? So they're going to respect SM's legacy?
- They're only saying this to appease internal staff ㅋ ㅋ ㅋ ㅋ ㅋ
- SM needs change but they won't be changing anything??
- Whenever management changes, they always shake things up...
- I just hope it goes well and they stick to their words ㅠㅠㅠㅠㅠ
- So SM will remain a separate company and label.. idk if I believe this..
- If they stick to their words then it'll be a win-win for both SM and HYBE
- Please HYBE, take over music production at SM!!
- Please shake things up a little with Yoo Young-jin for our sake!!
- Kick out Yoo Young-jin!
- It's a pity I had really high expectations for SM 3.0
- So it's HYBE's SM
- If that's the case, is this really good for SM fans?
- OP that wrote that comment and all the replies except one were all HYBE employeesㅋ ㅋ
- Please stick to that word.. 'independent'
- Good.. this is how it should go.
- Disband Got the Beat and no more Kwangya!!!