HYBE's Joint Account With SM Entertainment Has People Scratching Their Heads: 'Why are they so overbearing?'
Netizens were puzzled by HYBE's joint account with SM, titled "SM with HYBE." People shared their thoughts on a forum, expressing their shock.
HYBE Launches Online Accounts Regarding Campaign 'SM with HYBE'
On March 2, HYBE revealed the "SM with HYBE" campaign to share their business plans to focus on SM Entertainment's shareholders.
With this campaign, HYBE aims to protect shareholder value from SM Entertainment's current management. The agency also plans to go against the current management's initiation to unsupported financial projections and emotional videos that affect public opinion.
HYBE released a video announcing their plans to safeguard shareholder value. The strategies were relayed by Jung Jin Soo, the chief legal officer for HYBE.
On the other hand, another video was posted, which focused on SM's growth direction and its shareholder policy. The video was presented by Jason Lee, HYBE America's President and the internal Director candidate for SM Entertainment.
Aside from their YouTube releases, HYBE also managed to create a separate account on Twitter. The social media platform was flocked by netizens, who were puzzled by HYBE's "eagerness" on merging with SM Entertainment.
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In a forum, others called the conglomerate as "overbearing" and insisted to stop the two companies' merge. Meanwhile, some netizens expressed disbelief with the whole situation. They voiced out how this was unexpected for SM, considering they are K-pop's pioneers.
Read their comments below:
"Who would've known that SM would come to this one day."
"Already? They are saying that they are together even when things haven't been finalized yet. Why are they so overbearing?"
"Seems like they are just pushing themselves in."
"This is even more innovative than those truck protests."
"Even the HYBE fans wished that SM would go with Kakao. Stop meshing these two together already."
"So, it's an account made for the shareholders? What are they giving to the artists and fans?
Watch HYBE's videos below:
HYBE's Shareholder Proposal
SM's Growth Direction and Shareholder Return Policy
Pink Bloods Deploy Protest Truck In Front Of HYBE
In other news, SM Entertainment's fans, Pink Bloods, HAVE gained attention for sending a protest truck to HYBE.
On February 28, SM declared "protection" of SM's culture, by opposing HYBE's monopoly.
Eventually, it led them to send a protest truck in front of HYBE's building. There, they expressed disagreement over HYBE's purchase of SM Entertainment's largest stake. Some captions were hostile towards HYBE and their artists.
Here are some of the translations:
"Lee Soo Man who did a dine and dash with his tax evasion, and HYBE, the money hungry company, abandon SM. Monopoly destroys culture."
"Don't touch SM's artists. Don't force us to swear at HYBE's artists."
What's your take on HYBE's campaign? Let us know in the comments below!
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