News Hybe/MHJ Civil War Megathread (4 Viewers)

[Xeulgi]

 

[mysteric]

ADOR CEO Min Hee-jin's second press conference — as it happened

Min Hee-jin, producer of girl group NewJeans and CEO of the quintet’s agency ADOR will meet with the press for the first time in a month on Friday after it was decided that she will stay on board as the CEO of ADOR.

koreajoongangdaily.joins.com

stocks went up 5% when she said she’s open to cooperation with hybe, she’s put a ton of pressure on them
she may as well be running a victory lap now

 

[mysteric]

this has to be one of the longest non game or artist threads right

 

[mysteric]

between k dot vs drizzy and now this, ss24 has been feeding the haterism in me well

 

[catonkatonk]

"What I think is that HYBE cannot decide who is loyal and not: An employee who bows to her bosses but isn’t good at what she does, or one who doesn’t know how to mingle but proves her worth through numbers.”
“As an executive, you need to see the numbers,” Min continues. “If the numbers don’t come out as they are supposed to, then the management should be criticized. That objective, radical approach is what is needed here. All the rest of the emotions are all plays on words.”

She's right you know. I mean, within reason. But there's no indication that her success was abusive or exploitative. She's bringing the company money, and the company should allow her to continue to bring them money.
"Oh but she's plot-"
She can't take Ador away from HYBE! It's impossible! So what if she's plotting this that and the other if the cheques keep coming in?
I literally don't get it.

 

[RandAlThor]

She's right you know. I mean, within reason. But there's no indication that her success was abusive or exploitative. She's bringing the company money, and the company should allow her to continue to bring them money.
"Oh but she's plot-"
She can't take Ador away from HYBE! It's impossible! So what if she's plotting this that and the other if the cheques keep coming in?
I literally don't get it.

if so then its crazy stupid to plot, the only possible outcomes are that ya piss off your boss. And infect you/your associates with a bad attitude.

 

[mysteric]

courts are corroborating that hybe at least tried to take the lv deal away from nj to lsfm and that the “leaking of important information to externals” was ador and lv checking the contract because lsfm somehow got the exact same one

 

[mysteric]

caught up with everything else and it seems like mhj won the case as hybe needs to pay all legal fees and the pledis director resigned

 

[mysteric]

nps starting to sell some stocks apparently

 

[RandAlThor]

courts are corroborating that hybe at least tried to take the lv deal away from nj to lsfm and that the “leaking of important information to externals” was ador and lv checking the contract because lsfm somehow got the exact same one

This is weird to me.. ie you would want to know what acts in the company's deals are expressly so you could neg deals similar deals for all.
That way Hybe and its satellites has the upper hand across the board.

 

[Selfmate]

this has to be one of the longest non game or artist threads right

I mean it's a civil war for a reason lol

 

[Selfmate]

courts are corroborating that hybe at least tried to take the lv deal away from nj to lsfm and that the “leaking of important information to externals” was ador and lv checking the contract because lsfm somehow got the exact same one

the counter argument I've seen is that Sakura secured an LV deal way before NJ even debuted

 

[Selfmate]

also details of the court ruling

I'm not going to post the whole thing but one can find it on various sources

aka

Court ruling on the Min Hee Jin/HYBE injunction lawsuit revealed, HYBE must pay legal costs - Asian Junkie

Following getting reports on the results of Min Hee Jin's injunction lawsuit and subsequent details

www.asianjunkie.com

 

[Selfmate]

also I don't even know how reconciliation is possible at this stage

just because hybe is prevented from firing MHJ doesn't mean they can continue to work together...
have you seen some of the things said by both sides??? it's not pretty at all

but when you have a cash cow such as NJ? money solves all problems

 

[catonkatonk]

money solves all problems

You would think.
I'm coming at this from a shareholder perspective. In which case I don't care about the various people's egos. Are they generating money or not?
And on that basis, I'd conclude that it should have been Scooter Braun that they tried to get rid of

If people involved in corporations took it personally when various individuals sabotaged other departments or attempted coups, Microsoft would not exist. Instead they're now the most valuable company in world! In part because of their relationship with OpenAI, in which the board recently attempted a coup...

 

[Selfmate]

You would think.
I'm coming at this from a shareholder perspective. In which case I don't care about the various people's egos. Are they generating money or not?
And on that basis, I'd conclude that it should have been Scooter Braun that they tried to get rid of

If people involved in corporations took it personally when various individuals sabotaged other departments or attempted coups, Microsoft would not exist. Instead they're now the most valuable company in world! In part because of their relationship with OpenAI, in which the board recently attempted a coup...

money and power - like I said to someone whether in this thread or another but

both BSH and MHJ are fighting over control of the cash cow that is NJ

(also I'm not that familiar with the Scooter Braun situation - care to enlighten me my friend?)

 

[catonkatonk]

(also I'm not that familiar with the Scooter Braun situation - care to enlighten me my friend?)

His division loses a lot of money for HYBE. I guess people think that Katseye will turn things around for them. I doubt it. I think Ithaca was a bad buy. HYBE is also suffering reputational damage due to Scooter's very aggressive support for Israel (including meeting with Benjamin Netanyahu which, I'll remind you, has had a warrant for his arrest in relation to war crimes requested by the ICC's chief prosecutor). You may have heard about ARMY boycotting this and that. It's primarily because of Scooter, as far as I'm aware.

Plus he is a bitter enemy of Taylor Swift. That's just bad juju having him on board. Nobody crosses Taylor and survives. It's telling that many of his artists have left him. Ariana, primarily, but I hear that him and Bieber barely interact nowadays.

Most of that is irrelevant, I guess, the main thing is that HYBE America's financials are shockingly bad. Like genuinely, how-can-they-lose-this-much-money bad.

Twice As Many HYBE Labels Subsidiaries Lost Money Than Gained In 2023, According To Report

Recently, the total sales and net profits for each of HYBE Labels' subsidiaries was shared online, and the results have many fans surprised.

www.koreaboo.com

Net profit of -$105million.

Really, Big Hit (BTS) is still hard carrying the company, but then I'm reminded that HYBE gave Scooter more HYBE shares than all of the BTS boys combined. And that bit of knowledge genuinely makes the company stanning from some ARMY mystifying to me. I can't forgive Bang & HYBE for that.

 

[Selfmate]

His division loses a lot of money for HYBE. I guess people think that Katseye will turn things around for them. I doubt it. I think Ithaca was a bad buy. HYBE is also suffering reputational damage due to Scooter's very aggressive support for Israel (including meeting with Benjamin Netanyahu which, I'll remind you, has had a warrant for his arrest in relation to war crimes requested by the ICC's chief prosecutor). You may have heard about ARMY boycotting this and that. It's primarily because of Scooter, as far as I'm aware.

Plus he is a bitter enemy of Taylor Swift. That's just bad juju having him on board. Nobody crosses Taylor and survives. It's telling that many of his artists have left him. Ariana, primarily, but I hear that him and Bieber barely interact nowadays.

Most of that is irrelevant, I guess, the main thing is that HYBE America's financials are shockingly bad. Like genuinely, how-can-they-lose-this-much-money bad.

Twice As Many HYBE Labels Subsidiaries Lost Money Than Gained In 2023, According To Report

Recently, the total sales and net profits for each of HYBE Labels' subsidiaries was shared online, and the results have many fans surprised.

www.koreaboo.com

Net profit of -$105million.

Really, Big Hit (BTS) is still hard carrying the company, but then I'm reminded that HYBE gave Scooter more HYBE shares than all of the BTS boys combined. And that bit of knowledge genuinely makes the company stanning from some ARMY mystifying to me. I can't forgive Bang & HYBE for that.

interesting

so what did Scooter Braun bring to the table again? like which artists or which groups?

 

[catonkatonk]

interesting

so what did Scooter Braun bring to the table again? like which artists or which groups?

Here's a list

Here Are the Major Artists Still Managed by Scooter Braun

We've compiled a list of the manager's clients, including when they signed with him.

www.billboard.com

(but of course, at the time HYBE acquired them, he also had Ariana Grande, J Balvin, Indina Menzel, and Demi Lovato. Obviously Ariana was a get, but it's not get if you can't keep her!)

 

[Selfmate]

Here's a list

Here Are the Major Artists Still Managed by Scooter Braun

We've compiled a list of the manager's clients, including when they signed with him.

www.billboard.com

(but of course, at the time HYBE acquired them, he also had Ariana Grande, J Balvin, Indina Menzel, and Demi Lovato. Obviously Ariana was a get, but it's not get if you can't keep her!)

seems like hybe failed to do their due diligence on the artists contracts that bailed lol