News Hybe/MHJ Civil War Megathread (4 Viewers)

magali

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NewJeans petitioned the court RE: MHJ's injunction. The contents of the petition are not known, but it is widely speculated that it was in favour of MHJ.

Yikes lollol.




So the album sales "push" thing is super interesting just from a general industry perspective.
It seemed HYBE sent out "questionnaires" for MHJ to answer twice in April, and in one of them she brought up the idea that HYBE was fraudulently pushing first week album sales and that they offered to do the same for Get Up.
HYBE responded to all of her concerns (not just those), on April 22nd, and the entire email is included.

They do actually acknowledge that a "push" was talked about, but it was informal and apparently would never have been carried out, which is kind of funny. But also we get some solid numbers for HYBE's overshipment in 2023, the number of albums Ador wanted to produce for Get Up, and the number of Get Up copies still in inventory. Results may surprise!
The downturn in album sales is real. But also, it seems that HYBE renegotiated distributer contracts to make shipbacks harder. There's an obvious consequence to this, which is that if you foist a bunch of unsellable albums onto a distro or retailer, they won't order so many next time around. I think we're already seeing this play out in the industry - when was the last time an agency put out the pre-order mediaplay?
I go awol on the weekends and now NJ is filling petitions in favour of MHJ? cool - more drama is better???? (for Us lol)
 
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well if the rumours are true and we'll probably find out today then NJ (and/or their parents) are firmly in the fight now
prob a bad idea to back mjh. She seems to ahve done a nice job building the group and picking styles, but has broken down with the high level details.
 
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prob a bad idea to back mjh. She seems to ahve done a nice job building the group and picking styles, but has broken down with the high level details.
history is written by the victors so too will the goodness or badness of their decision
I mean eventually they would have to choose a side one way or another since they are the main "issue" in this fight
 
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history is written by the victors so too will the goodness or badness of their decision
I mean eventually they would have to choose a side one way or another since they are the main "issue" in this fight
Teh narrative that Hybe wants to just vanish NJ is delusional. Feels like the crazy that infected teh 50/50 parents and kids.
the HYBE execs would be in the same trouble mjh is if they purposely tanked a subsidiarity, that was generating profits

What's more likely is they appoint/hire a new leader for Ador.
Unless the parents want to front the money and buy Ador out right.
 
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Teh narrative that Hybe wants to just vanish NJ is delusional. Feels like the crazy that infected teh 50/50 parents and kids.
the HYBE execs would be in the same trouble mjh is if the purposely tanked a subsidiarity, that was generating profits

What's more likely is they appoint/hire a new leader for Ador.
Unless the parents want to front the money and buy Ador out right.
neither MHJ nor NJ/parents could afford it...
there were rumours that NJ individually got paid $5m USD last year EACH
NJ is one of if not the top GG right now - no sane company would let them go for anything less than a king's ransom

Both MHJ and Hybe have said some interesting stuff as well as some crazy stuff - who knows what a court will decide and ultimately I couldn't give two shits about either MHJ or Hybe or ADOR or BSH or any of those in power I just hope that NJ is doing something to protect themselves - lawyer up - speak to a therapist since I can't imagine all this nonsense is doing wonders for their mental health
 
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Police to question Hybe officials over complaint against sublabel executives

SEOUL, May 20 (Yonhap) -- Police will question officials of Hybe, the country's largest K-pop company, this week over a complaint it filed against its sublabel ADOR CEO Min Hee-jin on charges of attempting to take over the company that manages popular girl group NewJeans, Seoul's police chief said Monday.

Seoul Metropolitan Police Agency Commissioner Cho Ji-ho made the remark during a regular press briefing, saying that Hybe officials have expressed a willingness to appear for questioning after last week's injunction court hearing.

"We will call them in for questioning this week," Cho said. "After that, the necessary procedures will go ahead in a speedy manner."

Last month, Hybe filed a complaint against Min on charges of breach of trust, claiming it has secured evidence supporting its claim that the management plotted to seize control of the label under Min's initiative.

However, Min has denied the allegations, saying it is impossible to seize control of the company under the current shareholder structure.

Source: https://en.yna.co.kr/view/AEN20240520007900315
 
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she apparently passed it off as a joke

the real issue is they say the members are aware of the contents and still chose to support her????
there is a good chance that the members submitted the petition before the MHJ contents went out to the public. wonder how the members feel now about this.
 
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there is a good chance that the members submitted the petition before the MHJ contents went out to the public. wonder how the members feel now about this.
that is possible but I'm pretty sure they were made aware of the contents beforehand
I think Hybe being a prudent company would have shown the members the information to sway them in hybe's favour
 
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[Exclusive] ‘All-out effort to fire Min Hee-jin’ Hive, outline of new Adore executives
Hive, which is making an all-out effort to dismiss Adore CEO Min Hee-jin, is also preparing for a new CEO and board of directors to lead Adore.

According to Ten Asia coverage on the 21st, Hive is accepting applications for additional support from internal and external personnel for the new CEO position of Adore until the 24th. At the same time, he is said to be closely seeking out and contacting appropriate personnel. There was industry speculation that the selection of the new Adore representative included personnel related to not only domestic but also overseas artists. Once the application and recommendation process is completed, the outline is expected to be released early next week. Hive plans to carry out reputation checks and verification of potential candidates until the extraordinary general meeting of shareholders is held from the 25th, and to establish a new CEO and Adore board of directors through the extraordinary general meeting of shareholders on the 31st.

Meanwhile, following the dismissal of CEO Min, Hive is preparing a support project for the future activities of the group New Genes and member care. The position is that a specific plan will be put into operation immediately after the dismissal of Representative Min, and New Genes activities will proceed without a hitch.

Source: https://m.entertain.naver.com/article/312/0000663132
 
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