{‘Hybe America’ Lee Jae-sang, Ithaca merger and acquisition → Eastern and Western music
market innovation business plan announced.}
{President Lee Jae-sang said, “It was important to establish a strategy and connect policies for the continued growth of the business beyond Asia and North America.” He said that Hybe America's role in accelerating the entry of Korean and Japanese artists into the North American market is also being explored.}
{I spent 1 trillion won to acquire it... Rumors of famous singer leaving Hybe America
Scooter Braun, CEO of Hive America.}
The acquisition drive of Hive America, the massively deficit label of HYBE, Itaca Holdings.
Meanwhile, the mention of local U.S. producers makes one wonder if it refers to Grammy-winning producers...
{ Jaesang Lee, CEO of HYBe America, “Blockchain scalability is limited, NFT is the answer” Jaesang Lee, CEO of Hive America, argued that non- fungible tokens (NFTs) could be used to solve the scalability problem of blockchain technology, which has been pointed out as a problem.}
{HYBE ‘Levels’ deficit… Share value halved}
{However, contrary to expectations, Levels has not been able to avoid deficits ever since its establishment. Sales in 2022, the first year of establishment, were 229 million won. Initially, a lot of expenses were spent on marketing and promotion, resulting in an operating loss of 9.9 billion won and a net loss of 9.8 billion won for the period.}
The Levels, which claimed NFTs were the solution, are also in the deficit party.
They're just making things worse as they go.
There's a reason why a company with a market cap of 9 trillion has a first-quarter net profit of only 29 billion won.
With these old men occupying all the positions...
+Is there anything they've done well? → I've been searching for two hours... but can't find anything;;; If anyone finds something, please share... The more I search, the more I realize that Hive America is a complete mess with no hope of revival.
Even QC Music, which was bought for 300 billion won at the behest of Scooter Braun, is in trouble... and now Scooter Braun is being mentioned in the Puff Daddy incident.ㅎ;;
THE COMMENTS:
- Fail.
- Holding onto a losing hand.
- Looks like they're sending the negatives to shut down Ador. If that's the case, they might as well leave NewJins.
- This company is also doomed. Why are they only bringing in losers?
- Even after losing 1 trillion won, they can still sit in the CEO position. The cartel is so firmly established. They fire competent women but keep incompetent men as CEOs. Lol.
- Shareholders, wake up and push back a bit.
- Apart from Min Hee-jin, does this company have any executives capable of making money? Lol.
- Glad I sold the stocks a while ago.
- Why are HYBE shareholders quiet? It seems like this company's stock will be in shambles in a few years.
- Even if they believe in the same religion, they're still keeping those who squandered money.
- Lol, doomed.
- Thought it was Park Ji-won. Lol.
- What was this person's career before joining HYBE?
- reply to comment 13, Drinking?
- Lol, hope it fails, hope it fails more, hope it fails even more.
- At this point, one should suspect if they're spies from other companies.
- Lol, it's really going to fail.
- Is this the person who lost 1 trillion won...?
- Does HYBE only have people like this? Even the head of the Won Foundation is a failure, past or present.
- Competent women get fired for not listening, while men who form cartels and squander trillions of won are sitting comfortably as CEOs. This is just modern Korean society in a nutshell.^^
- Isn't this the one who should be fired? Lol.
- Even after messing up everything, they still keep their positions. It's so damn easy to live in this world as a man .
- Fucked up.
- Just sell Ador to Min Hee-jin.
- 29 billion won is embarrassing no matter how you look at it.
- Seems like they just wanted to bury Ador...
- They're blatantly walking the path of failure.
- How can all the male executives in that company be so incompetent?
- NFTs as a solution? Lol.
- It's serious;;;
- Trying to shut down Ador lol, is NewJeans' future just a tour of misfortune?
- It's done for.
- Let go of NewJeans, you bastards.
- Who the hell is turning Ador into an empty shell now? Lol.
- It's all about greed.
- Where was this person originally from? Doesn't seem to be from the entertainment industry.
- When I searched, this person was recommended as a board member when they were trying to acquire SM last time...
- Damn, I feel sorry for NewJeans only...
- Are they really idiots? NewJeans achieved remarkable sales as a label alone, and they're kicking out Min Hee-jin and keeping those losers lol. How stupid is this?
- Incompetent.
- Utter incompetence.
- When they talked about acquiring Assem, this person said they wanted to make it like Kia and Hyundai. Lol. This person is from Hyundai.
- I'm going crazy lol.
- There's no thief like them
- Gathering only those kinds of people is a talent.
- Here... All the competent executives are leaving quickly lol. I was wondering why they left when HYBE was doing well, but seeing this incident unfold, it's understandable... We need to sharpen our eyes when it comes to hiring, seems like they're lacking in management skills and only bringing in politiciansㅠ
- Shameless.
- Seems like they're trying to shut down Ador.
- Sigh.
- Just when HYBE fails because of this person.
- Are they sending them to mess everything up?
- If you can't do your job to that extent, shouldn't you be fired normally?
- Are they receiving songs from Scooter Braun here?
- Seems like they're trying to ruin NewJeans. Understandable from their parents' perspective.
- Performance-based incentives are meaningless. The executives squander 1 trillion won and still keep rising.
- Whoaㅋㅋㅋㅋㅋㅋ
- Not just HYBE, but many well-established people on the executive team are also in the red.
- They're trying to ruin it all. Trying to push the A-level copycats, but trying to send the rest to ruin. Bastards.
- Why is this person even in the company...?
- Wow, truly incompetent.
- The hand of loss.
- Bang Si-hyuk is the biggest problem, keeping such incompetent people. Lol.
- Incompetence should have its limits.
- Seeing HYBE's current situation, I only think I did the right thing by cutting losses. Owner's risk is crazy.
- Now I see the company is just filled with idiots.
- Shouldn't shareholders stand up?
- Even now, everyone should withdraw from HYBE stocks...
- Isn't he an X-Men sent to ruin it?
- All shareholders seem to be idiots, that's why it's gotten to this pointㅋㅋㅋㅋㅋ They're just ranting, saying they should take responsibility for my shares, but even that seems insufficientㅋㅋㅋㅋㅋㅋㅋㅋ
- It's funny that they're still occupying positions despite messing up this much.
- Owner's risk is high, shareholders should bail out.
- Let it just fail^^
- Oh, truly surreal...
- Pathetic...
- What about NewJeans now?
- If they only cared about company profits, they should've just used Min Hee-jin and utilized her appropriately, keeping a balance. Acting like this because they offended a few old men's feelings, is this a big corporation?ㅋㅋㅋ
- I'm really curious about Bang Si-hyuk's thoughts.
- Innovating the Eastern and Western music market... What a joke.
- Ador is going to fail.
- Isn't it time for shareholders to stand up?
- Are they giving executive positions to people like this who just play golf with Bang Si-hyuk and hang out in clubs, regardless of performance?ㅋㅋㅋ It's irrelevant.
- Yeah, they're doing great lol.
- Frustrating as hell, damn..
- Trying to promote incompetent people and ruin a label led by someone who delivers results, that's HYBE... HYBE will just fail on its own.
- What's this person's background? A member of Bang Si-hyuk's club or something? Wasn't this the old guy who used to talk nonsense about military issues, but was he in the insurance business or something, completely unrelated?
- What was this person doing originally? Is he the Jung Yong-jin of the entertainment industry?ㅡㅡ Even though people in the entertainment industry often say they need new talent because they're stuck in their old ways, it feels like everyone is coming in from the IT side. Like how prosecutors understand politics and mess everything up, there are a lot of people in the entertainment industry who look down on those who didn't come from there and think they're better than them. But why can't HYBE let go of the Japanese market? Just like Lee soo man can't let go of China, why are they like this? I don't know.
ORIGINAL POST HERE
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