Tag: SM Entertainment

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HYBE Reportedly Looking To Acquire SM Entertainment Again

Recent industry rumors have ignited speculation about HYBE Labels, the powerhouse behind BTS and other global K-pop acts, considering another move to acquire SM Entertainment. These rumors have surfaced amid reports suggesting that Kakao, the multimedia giant, may explore selling SM Entertainment, a claim Kakao has officially denied. The K-pop landscape has been buzzing with discussions surrounding potential acquisitions and their potential impact on the industry.

HYBE Labels Possibly Makes A New Move to Acquire SM Entertainment

The speculation gains context from last year’s headline-grabbing attempt by HYBE Labels to acquire SM Entertainment. The proposed deal, had it materialized, could have reshaped the K-pop landscape significantly. However, the deal fell through for various reasons, leading to a return to the drawing board for both companies.

Recent reports indicate that HYBE Labels might be considering a renewed effort to acquire SM Entertainment, potentially in collaboration with founder and former chairman Lee Soo Man. While Kakao has officially denied the rumors of selling SME, industry insiders are closely monitoring the situation, given the ongoing speculations.

Insiders suggest that other companies are also exploring the possibility of acquiring SM Entertainment, even after the reported breakdown of the deal with HYBE Labels last year. Rumors abound that HYBE chairman Bang Si Hyuk is personally approaching private equity funds with a proposal to acquire SM Entertainment. The involvement of key figures and the potential collaboration with Lee Soo Man adds layers to the unfolding narrative.

Further rumors suggest that Lee Soo Man, after selling a portion of his stake in SM Entertainment to HYBE, may seek to return to the label. This potential move raises questions about the dynamics between the founder and the company’s future direction. Additionally, companies like NCSOFT, F&F (a fashion company), and MGM (an American entertainment group) are reportedly exploring the prospect of acquiring SME.

The K-pop industry, known for its dynamism and strategic partnerships, remains in a state of flux as these rumors circulate. The potential acquisition of SM Entertainment by HYBE Labels or other entities could have far-reaching implications for the global music scene. As the situation develops, stakeholders and fans alike eagerly await official announcements that will shape the future of these entertainment powerhouses.

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Kakao Addresses Plans to Sell SM Entertainment

Kakao Entertainment has officially refuted ongoing rumors about the potential sale of SM Entertainment, putting an end to speculations that emerged towards the end of the previous year.

Kakao Denies Rumors of SM Entertainment Sale Amid Controversy and Audit

The rumors gained traction amid controversies surrounding stock price manipulation during Kakao Entertainment’s acquisition of SM Entertainment, which led to the arrest of Chief Investment Officer Bae Jae Hyun.

The controversy surrounding Kakao Entertainment’s acquisition of SM Entertainment has prompted increased scrutiny, with the parent company currently conducting an audit of SM Entertainment’s financial statements and executives.

The audit was initiated following demands from SM Entertainment’s Board Audit Committee. In addition, Kakao has also sought documentation regarding investments made by SM Entertainment, particularly those executed without prior consultation with the parent company.

Despite the ongoing audit and heightened scrutiny, Kakao Entertainment has consistently and firmly denied any plans for the sale of SM Entertainment. The official statement also emphasizes that no decision has been made regarding the possible dismissal of SM Entertainment’s management team, awaiting the release of audit results.

Is SM Entertainment Losing Traction as an Entertainment Powerhouse?

The rumors surrounding the sale of SM Entertainment have also created significant speculation within the industry and among fans. The denial also aims to provide clarity and dispel unfounded claims about the potential change in ownership of one of the most prominent entertainment companies in South Korea.

As the audit progresses and more information becomes available, both Kakao Entertainment and SM Entertainment will likely face further scrutiny. The outcome of the audit may impact the future trajectory of both companies and influence decisions related to management and financial dealings. The K-pop industry and fans worldwide will also be keenly watching developments to understand the implications for SM Entertainment’s future under the Kakao Entertainment umbrella.

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Look: NCT WISH Unveils Teasers for Official Debut in February

NCT WISH releases teaser for their debut single. Credit: Twitter/NCT WISH

The infinite expansion concept of NCT is now coming to an end! And here’s the last unit to make it to the team: NCT WISH. 

On Thursday, January 18, SM Entertainment officially announced that the latest addition to the NCT family will be called NCT WISH. Previously referred to as NCT New Team, the group was formed through the 2023 survival program NCT Universe: Lastart.

Ahead of their highly anticipated debut, NCT WISH unveiled a five-minute trailer. Aside from the clip, they also released the first set of teasers on social media. 

In the series of youthful photos, Sion, Riku, Yushi, Jaehee, Ryo and Sakuya posed as a full group in charming schoolboy outfits.

In addition, the six members also introduced their unique visuals in their individual close-up shots in black-and-white filters.

To recall, the boy group first made headlines in October 2023, after releasing their pre-debut single “Hands Up.” Now, the last NCT unit is ready to formally take on the stage with the upcoming title track “Wish for our Wish.”

According to reports, the said track, which will have two versions — Korean and Japanese, is slated for release in February.

Moreover, NCT WISH, being a Japanese boy group, will be managed by both SM Entertainment and the Japanese label Avex Trex. 

NCT members welcome NCT WISH

Now that the last NCT group has been finalized, their hyungs or older members from other units made sure to warmly welcome NCT WISH.

In the group’s official Instagram account, Taeyong, Johnny, Yuta, Doyoung, Jungwoo were seen showing their support for the new members.

Jungwoo, from the units NCT 127 and NCT DoJaeJung, sent his well wishes for the young group. Furthermore, the vocalist shared that he wishes that the rookies’ future activities will shine in the future and reassured the six members that he is rooting for them.

Meanwhile, NCT’s general leader, Taeyong made the atmosphere lighter with his jokes and even initiated a group hug with the rookie group.

Even the other members were also seen giving brotherly advice to the youngsters as well.

To note, NCT WISH will be NCT’s sixth and last unit. Since being introduced in January 2016, the group has formed five prior groups: NCT U, NCT 127, NCT Dream, WayV, and NCT DoJaeJung. 

Initially, the group was supposed to have seven members. However, in October 2023, SM Entertainment announced that Jungmin will no longer debut with the group due to health concerns. 

Featured image: The last unit of NCT releases teaser for their debut single. Credit: Twitter/NCT WISH

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NCTzens Express Concern Over Haechan’s Early Return From Hiatus

Earlier this month, NCT’s Haechan was seen at Incheon International Airport with his fellow NCT 127 members, preparing to fly to Jakarta for the group’s promotions. This sighting came as a shock to fans, as SM Entertainment had just announced the idol’s hiatus due to tonsillitis the day before. Despite Haechan telling fans about his recovery via DearU Bubble, the news of his return within less than twenty-four hours of the hiatus announcement raised concerns. This was particularly worrying given his back-to-back schedules with NCT Dream and NCT 127.

Fans, initially relieved that Haechan would get the rest he needed, were angered. They criticized SM Entertainment for allegedly overworking him and showing a lack of concern for their artists’ health. This sentiment grew after Haechan informed fans via DearU Bubble that he had been feeling sick and wasn’t in good condition to perform at NCT 127’s Nagoya, Japan concert on January 7.

@7llindream

just want him to be healthy ☹️ #haechan

♬ A Piece of You – Nathaniel Constantin

Haechan expressed his disappointment, saying, “I’m so bummed, I apologize. My fever went up to 39 degrees this morning, so I had no choice but to rest. I know I said I wouldn’t get sick anymore. I’m terribly sorry that I couldn’t keep that promise. But I’ll get well ASAP. I promise to take my meds, eat well, and recover soon!”

On January 10, SM Entertainment announced that Haechan had tonsillitis and would go on hiatus to recover. The agency stated, “Haechan flew to Korea from Japan on January 8 due to flu-like symptoms, a fever, and body aches. The hospital revealed he had a severe case of tonsillitis and that he needed ample rest. Haechan will be taking a rest to fully recover and heal. Decisions about his future activities will be based on his health condition.”

What happened to Haechan?

But just a few hours after the announcement, Haechan updated his fans. He said he was on the road to recovery. “I think I’m halfway there. Before, it was painful to even drink water. But yesterday, once I got to Korea, I got my shots and took the meds on time. And my mom has been basically forcing me to eat all her food. Drinking a lot of water and sleeping a lot have been helping, too. I’m getting better, for sure. I’m sorry for making you all wait, and I promise to make a full recovery ASAP so I can see you all!”

While fans were happy to hear that the idol was getting better, they didn’t expect him to be back on schedule so soon. On January 11, the NCT 127 members were seen at the airport. They were leaving for their concerts in Jakarta, Indonesia on January 13 and 14. NCTzens were surprised to see Haechan with them. 

NCT 127, Incheon International Airport DEPARTURE

Given that it had been only a day since the idol properly went on hiatus, fans were angered by the situation. They criticized SM Entertainment, accusing the agency of pulling Haechan out of his rest period too soon. They’ve also been demanding answers from the agency on social media. Meanwhile, NCT 127 has since returned to Korea. Fans hope Haechan can get some rest before hitting the road again.

In other news, NCT 127 is set to perform in the Philippines on January 21, 2024, at the Philippine Sports Stadium. – K-Pop News Writer

Featured Image: The fans want nothing more than for Haechan to get well. Source: X/@dreamleeline.

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JYP, SM, YG Entertainment Unveil 2024 Plans

Before HYBE became a major player in the K-pop industry, its growth was mainly driven by three agencies: JYP Entertainment, SM Entertainment, and YG Entertainment. Here’s what these agencies have planned for fans this year.

TWICE “With YOU-th” Mood Film

JYP’s global dominance

JYP Entertainment is set to continue its global dominance in 2024, with its top groups Stray Kids and TWICE at the forefront. Stray Kids, having achieved four consecutive Billboard 200 number ones, will drop two new albums and embark on their third world tour. TWICE, as one of the biggest girl groups around, will make a comeback in February with their 13th EP With YOU-th. They’ll drop a pre-release single on February 2, and the EP itself will follow on February 23.

Aside from preparing for DAY6’s full group comeback, JYP is reportedly working to debut a new boy group. The agency is also set to launch groups born of international collaborations. NEXZ, from Nizi Project season two with Sony Music Japan, and VCHA, from the A2K project with Republic Records, will begin promoting in 2024. Finally, JYP’s partnership with Live Nation for North American performances will give its artists a big platform in the world’s largest music market.

2024 SM GLOBAL AUDITION

SM remains optimistic

In 2024, SM Entertainment’s artists will broaden their reach through diverse channels. The rookie group RIIZE, which has grown in popularity since its debut, is leading the charge. NCT is expected to continue their activities seamlessly despite the anticipated enlistment of some members. SM’s plan is to strengthen its global presence through major performances. These include Key’s solo concert, NCT 127’s third tour, SMTOWN LIVE in Tokyo Dome, and Ten’s first solo concert.

SM is also planning to launch new artists, starting with aespa’s yet-to-be-named sister group. The final team of the NCT system, the Japan-based NCT NEW TEAM, is set to debut after a wildly successful pre-debut tour in Japan.

Despite facing challenges like a change in ownership and an ongoing stock probe, SM achieved record earnings last year. However, its market leadership has weakened, and its revenue heavily depends on loyal fanbases. Even so, SM remains optimistic. In fact, the agency is planning a global audition in 2024 to discover new talent, demonstrating its focus on continued growth and innovation.

BABYMONSTER NEXT PHASE | YG Announcement

YG plans to go all-in

In 2024, YG Entertainment plans to go all-in on promoting BABYMONSTER, with a focus on global expansion. BABYMONSTER will release their second single “Stuck In The Middle” this February, followed by a mini-album in April. The group plans to build a strong industry presence by releasing new music every two months.

YG is also ramping up activities with its other groups. AKMU, celebrating its 10th anniversary, has something special planned for fans. BLACKPINK will continue promoting as a group under YG, but Jennie and Jisoo signed with other agencies for solo activities. Lisa and Rosé are expected to follow suit, but no official announcement has been made yet. Meanwhile, boy group TREASURE is expected to maintain a strong presence in Japan and Korea.

Which of these three agencies do you think will make the biggest splash this year? – K-Pop News Writer

Featured Image: JYP, SM, and YG have big things up their sleeves. Source: Icon Ape, Top PNG.

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Baekhyun, Chen, and Xiumin of EXO to Manage Solo, Unit Activities Under I&B100

I&B100 releases new profile photos of EXO's Chen, Baekhyun, and Xiumin. Credit: Instagram/I&B100

Baekhyun, Chen and Xiumin of the K-pop boy group EXO announced on Monday, January 8, their decision to manage their solo activities under I&B100, Baekhyun’s independent label.

Also known as the sub-unit CBX, the trio are set to introduce the members’ individual activities under I&B100. Moreover, they will also be more active with unit activities now that they’re in a separate label.  

In the group’s press release, I&B100 also revealed their plans to revive the members’ musical personalities. As the trio are already entering their 13th year in the industry, the agency shared that the EXO members have been pondering more about their future career plans. 

With this, the move will serve as a starting point for Baekhyun, Chen and Xiumin to experiment and participate more in the artistic process of doing music, including writing and producing songs. According to the agency, it’s the members’ “longtime dreams” to do so. 

“The start of this label is based on long-standing deliberation and aspirations of the members,” IB&100 added.

To note, I&B100 is an agency Baekhyun established himself in June 2023. With Chen and Xiumin also signing under the label, fans are anticipating to see more of CBX activities this year.

After the announcement, Chen, Baekhyun, and Xiumin have now opened their individual social media accounts. Additionally, the agency also posted their first series of solo photos. 

EXO to continue future activities with SM Entertainment

Although the three members are now set to handle their own activities, Chen, Baekhyun, and Xiumin reassured fans that they will continue their group activities with EXO. 

Through a social media post, SM Entertainment commented about the direction of the K-pop boy group.  “Going forward, all eight members of EXO will continue activities together as EXO,” they said. 

Aside from showcasing new music and performances, the label also teased that the group has plans to stage a fan meeting in April. 

According to SM Entertainment, the exclusive contracts of Chen, Baekhyun and Xiumin are still valid with the agreement to allow them to independently conduct personal activities. To recall, CBX previously filed a lawsuit against the label in June 2023. But both parties reached a settlement after a few weeks.

Aside from CBX, member D.O. (Do Kyungsoo) has also parted ways with the agency in  October 2023. Since then, he has pursued activities under Company SooSoo. However, SM Entertainment shared that the “That’s Okay” singer has agreed to participate in EXO’s activities and is currently in ongoing discussions about their future schedules.

“EXO plans to communicate with fans through good music and stages. So we ask for your interest and support in the members’ activities,” SM Entertainment

EXO, which debuted in 2012, released their seventh full-length album Exist in July 2023. 

Featured image: I&B100 releases new profile photos of EXO’s Chen, Baekhyun, and Xiumin. Credit: Instagram/I&B100

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Girls’ Generation YoonA Renews Contract With SM Entertainment

SNSD's YoonA at the APAN Star Awards 2023. Credit: Facebook/Girls' Generation

The pink blood is truly with YoonA of K-pop girl group Girls’ Generation, also known as SNSD, as she signs with SM Entertainment for the third time!

On Wednesday, January 4, SM Entertainment announced that the idol-actress has renewed her exclusive contract with the agency. With this, they’ll be extending their 17-year partnership. 

Moreover, reports claimed that the two parties smoothly ended up with an agreement that is based on the trust and confidence they have for each other. 

“We plan to provide full support to Lim Yoona, who is actively working in various fields across dramas, movies, and on stage, so that she can shine even more and continue to be an artist who makes a global influence,” SM Entertainment said in a statement. To conclude their post, the agency also asked the fans to continue supporting the artist. 

YoonA throughout the years

For those unaware, YoonA debuted as a member of the girl group Girls’ Generation in 2007. Widely known as the group’s “center,” the singer received love from both local and international fans for her unrivaled visuals.

In the same year, YoonA ventured into the world of acting by starring in a small role. In 2008, she bagged her first lead role in the KBS drama You are My Destiny. Since then, the idol-actress has proven that she can excel both on stage and on screen. 

Among her remarkable dramas include The K2, Prime Minister & I, and Big Mouth. Recently, her latest drama, King the Land, secured her numerous awards including the 2023 APAN Global Star Award, Idol Champ Best Actress Award. Moreover, she also received the Idol Champ Best Couple Award, with her King The Land co-star Lee Junho.

Aside from being an idol and an actress, YoonA has also distinguished herself as a reliable host. Throughout her career, the Girls’ Generation member has hosted several shows including the MBC Music Festival, which she began hosting in 2015.

In 2024, she’ll be embarking on her YOOnite fan meeting, which will kick off in Seoul, South Korea. After that, the idol-actress will visit seven cities across Asia to meet her international fans. To note, this will be her first solo fan meeting after six years.

 

Furthermore, she’s also expected to make her comeback on the big screen soon. Earlier reports claimed that she’ll be starring in the 2024 film 2 O’Clock Date. Although additional details about it are yet to be revealed.

Featured image: SNSD’s YoonA at the APAN Star Awards 2023. Credit: Facebook/Girls’ Generation

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EXO’s Baekhyun Rumored to Establish Own Agency

Baekhyun poses for EXO's latest album 'Exist.' Credit: Facebook/EXO

From being an outstanding performer, Baekhyun of the K-pop boy group EXO is now rumored to take on a new venture in his career. This time, as an agency owner and a CEO. 

On Wednesday, January 3, several Korean media outlets reported that Baekhyun has launched his own label, I&B100. According to Tenasia, the idol has already completed the formal registration of the company. Moreover, the artist has also allegedly formed its team of internal directors in the label.

To recall, reports about I&B100 first made headlines last year as the EXO vocalist allegedly established the agency in June 2023.

Furthermore, the same report by Tenasia also claimed that his fellow EXO members, Chen and Xiumin, will also be joining the said label. 

However, neither Baekhyun nor SM Entertainment have yet to address the reports about the label. 

If proven to be true, I&B100 will be Baekhyun’s second owned company. In August 2023, the singer revealed that he set up One Signature with his friend Kasper. Notably, the EXO member said that the agency aims to produce good choreographers and dancers.

As there’s no confirmation yet about Baekhyun’s agency I&B100, EXO fans are worried as to what it means for the group. Especially considering how there’s several huge changes in EXO for 2023 alone. 

SM Entertainment’s earlier statement abouts Baekhyun and EXO

To note, Baekyun, Chen, and Xiumin filed a lawsuit against SM Entertainment in June. The EXO-CBX sub-unit cited unclear handling of earnings and slave contracts as their motivation. However, both parties have reached a settlement after an almost three-week legal battle. 

In August, Baekhyun revealed his plans to establish an agency in a live broadcast on Instagram. With that, he also clarified that he will remain with EXO. “I will be operating a company while staying with SM Entertainment. And continue to be active with EXO members,” he said.

Moreover, SM Entertainment also released a statement saying that their exclusive contract for the three EXO members are still in place. “We cannot reveal the specific conditions. But in accordance with the agreement with the company, we have made it possible for the three members to engage in their individual activities,” they added.

In October 2023, SM Entertainment confirmed that EXO member D.O will have his contract expired by November. Shortly after, it was announced that D.O. will be pursuing his acting and individual activities through Company SooSoo. Despite being in a new agency, SM Entertainment emphasized that D.O. will still continue his EXO activities under them. 

Given the situation with D.O, it appeared that it might also be the case for Baekhyun should the rumors of his new agency be true. Which means that the group’s fandom, EXO-Ls, can be reassured that EXO will continue to perform together despite being under separate agencies.

Featured image:BBaekhyun poses for EXO’s latest album ‘Exist.’ Credit: Facebook/EXO

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SM Entertainment Launches 2024 Global Auditions

SM Entertainment artists gather together for SMTOWN concert. Credit: Facebook/SMTOWN

Ever dreamed of being the next K-pop superstar? Well, here’s the chance you’ve been waiting for to be labelmates with SM Entertainment artists. 

In a 20-second video clip released on Tuesday, December 12, SM Entertainment has officially launched its 2024 Global Auditions. 

As per the details posted, anyone born from 2005 to 2013, regardless of gender or nationality, are welcome to apply. Notably, young aspirants will then be evaluated in the categories of vocal, dance, rap and acting.

Moreover, the auditions will kick off in Seoul on January 6, 2024. After that, there will also be auditions held across several cities in South Korea including Daegu, Busan, Daejeon, Gwangju, Gangwon, Wonju and Jeju Island. 

Bringing the auditions to a global scale, SM Entertainment will also reach various countries including Thailand, Japan, Canada, and USA. According to the schedule released, the international auditions will be held between February to March 2024. 

After the first round of online registration, applicants who passed the initial screening will be invited for an on-site audition. Then, the final winners will get the opportunity to get trained or sign an exclusive contract with the renowned agency.

In addition, the application period for the said talent search event will only be from January to March 2024. Aspirants can send their application and learn more about the opportunity through SM Entertainment’s global site.

More about SM Entertainment

Established by record producer Lee Soo Man in 1995, SM Entertainment has since become one of the biggest and most successful K-pop agencies in history. For those unfamiliar, they are home to powerhouse acts like TVXQ, Super Junior, SHINee, Girls Generation, EXO, Red Velvet, NCT, and aespa. Moreover, the agency has built a reputation for their artists’ talents, particularly their exceptional vocals.

In September, the agency debuted their newest boy group RIIZE, who immediately gained popularity for their trendy tracks “Get a Guitar”, “Memories” and “Siren.” Aside from RIIZE, the agency also formed the final unit for NCT called NCT New Team. 

With the 2024 Global Auditions already on its way, K-pop fans have high expectations for the potential addition to the label. 

Featured image: SM Entertainment artists gather together for SMTOWN concert. Credit: Facebook/SMTOWN

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NCT 127 Confirm Delay of Winter Single Album

Fans are already excited about NCT 127’s upcoming winter single album. However, it has just been revealed that the physical release of ‘Be There For Me’ is going to be delayed.

NCT 127’s Winter Single Album Physical Release Delayed By One Day

SM Entertainment has confirmed a one-day delay in the physical release of NCT 127’s upcoming winter single album ‘Be There For Me’. The physical version, initially set to be released on December 26, will now be available on December 27, as officially announced on December 8.

“Due to production issues, the physical album release date, which was originally announced as December 26, has been postponed to December 27,” the agency confirmed in a statement. “We apologize for inconveniencing the fans who have been waiting for the physical release of the winter special single album ‘Be There For Me’. Starting from December 27, we will release the [physical album] right away and make it so that you can find the album at offline stores.”

However, fans can still anticipate the digital release of the single album. Likewise, the accompanying music video for its title track “Be There For Me” will be on the originally scheduled date of December 22. The announcement also provided clarity regarding the adjusted timeline for the physical release. This way, fans can adjust their plans accordingly.

NCT 127’s winter single album is poised to bring seasonal warmth and festive vibes to their discography. The group’s ability to blend diverse musical styles and deliver captivating performances has garnered them a dedicated global fanbase. The anticipation surrounding “Be There For Me” remains high. Fans are also eagerly looking forward to the release of both the digital and physical versions of the album.

The NCT 127 single “Be There For Me” is still set for release on December 22. The album will then be made available on December 27, 2023.

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