NJZ Updates and Discussion

[acoustic valve]

yeh same, its joever for me once nj goes, kpop community in general being so terrible makes me so embarrassed to be considered one

NJ may not be my first kpop group... but it will be my last

[hoary frost]

checking theqoo gives me headache. they bring up all kind of articles and topics. how is this issue so massive? ive never seen something like this

even olympics posts are not that many

[short laurel]

Toxic work culture in korea is huge problem n people resonate with it.

[copper jetty]

Welp. Hybe fucked up with the media play and now all sorts of things popped up because of it too. 😒

I guess they were relying on army fandom. Especially when they mentioned BTS again like please bffr.

[hoary frost]

unintentionally laid a foundation to tarnish their artists image

[short laurel]

Man feeding fandom's nonsense is the worse play. It's spreads waay too much misinformation. A very serious issue that government ignoring

[hoary frost]

im not surprised. I remember during las vegas controversy, hybe handled it awfully and both hybe and bts got a lot of lashings. seems like their pr has not improved one bit

[copper jetty]

But I do feel proud of the tokkis fighting the battle on Twitter though. Hahahahahaha. They're a different breed.

[short laurel]

Idk about that controversy. Can u send me summary article on it?

[hoary frost]

not sure if there is summary article. it was about military issue + hybe flying out 100 journalists and paying everything for them

[short laurel]

Military issue?

[copper jetty]

Which is ironic cause you would think, with the amount of controversy that that fandom gets in, they should've been experts by now.

[hoary frost]

yeah, some tone deaf remarks were made about it. and chief communication officer also said dumb things and ppl were asking him to resign

[short laurel]

So hybe payed usa journalist to be against us military?

[hoary frost]

what? jfsjjdjdd no

[short laurel]

Yea i need proper detail to understand what u said xv

[acoustic valve]

its this https://www.kbizoom.com/anti-corruption-and-civil-rights-committee-is-to-inspect-on-hybes-las-vegas-fam-tour-for-korean-press/

[short laurel]

Thank you.

[hoary frost]

it was about bts enlistment issue. korean journalists were funded to attend las vegas pres con before concerts

[acoustic valve]

but yeh, this recent controversy has made knetz dig up all of hybes past controversies and put them under scrutiny again

[hoary frost]

yeah, thats the worst thing about controversies. it turns into witch hunt and everything is brought back and seen in different light

[short laurel]

That's soo arrogant of hybe. Every korean male idols have to go military service. Just cuz bts is big gives them no right to exception. They are not some special beings to be protected from military work.

[urban orbit]

are all of them in the military?

[reef dawn]

yes

[urban orbit]

when do they all finish?

[short laurel]

all korean men have to go for 18 months be4 they turn a certain age iirc. Age limit is extended for idols already n that's already big compromise by government

[reef dawn]

uuh

[short laurel]

Sorry for offtopic.

[reef dawn]

Some men are excempt though which was the argument with tbs

2025 btw but ye offtopic, continue the military talk in either of the gen chats lol

[short laurel]

There are valid reasons for exception.but Bts members are fully healthy

[acoustic valve]

i wonder if the mass X account deletes are happening due to fandom mass reports, or hybe is actually exercising their resources... maybe a bit of both

but conspiracies hard to squash precisely because of this, sometimes the harder you hit it... the more it grows...

[hoary frost]

i doubt hybe can make twitter accounts delete

they would need headquarters help lol

[urban orbit]

unless you got money involved anything is possible. especially if it defames their company and to protect.

[reef dawn]

I do also feel a lot of people are just looking at anything they can use tbf

[hoary frost]

yeah

it seems like public is also waiting whether mhj's breach of trust case is established

based on comments

[acoustic valve]

tbh, whether its hybe directly doing it or not doesn't matter, it's a fact that these accounts spreading the conspiracy are being targeted and deleted. I've had 1 JP and 3 KR accts I follow disappear, and I don't follow many accts. The fact that people notice its happening is what will fuel it even more...

[short laurel]

The fact that anything against hybe is being deleted but nothing against mhj deleted. Makes it more sus

[acoustic valve]

delulu hybe stans outnumber delulu mhj/nj stans 100 to 1... nothing surprising there

if its really just mass reports, yeah this was what it would look like

[copper jetty]

Thing is it's not just Twitter, it's in YouTube too so would it be possible that it's only by reports and not hybe itself deleting the comments?

[acoustic valve]

[short laurel]

N no dispatch article!

[copper jetty]

Yeah I think someone posted a while ago that they were deleting comments under the omg mv

[copper jetty]

I don't trust dispatch though. They pick sides most of the times and the times they aren't is to only establish their "integrity" bs.

[short laurel]

IK. But consider how big it has become. Everyone posting about it. 😶‍🌫️

[copper jetty]

Welp good night guys.. I need to sleep cause I'll be working in a few hours. I need money to pay for those albums i got 😆

[slate yarrow]

just entered this channel, cults??? 😭

[short laurel]

Ngl. I m enjoying this drama. Can't wait for stock market to open

[acoustic valve]

yeah, i'm only invested in as far as NJ goes, as long as it doesn't hurt them, I'm just watching this like I would a kdrama...

[slate yarrow]

the documentary is gonna be wild

[opaque torrent]

https://www.instagram.com/stories/o_eum/3356261378068648728/

[acoustic valve]

well, ador is finally doing some media play of their own, whether the MV director legitimately felt they wanted to help repair mhj's image, or if mhj asked the employee to post this, is up for people to interpret ig. I'm leaning towards the former because I'd feel the same way frhttps://www.allkpop.com/article/2024/04/director-of-newjeans-bubble-gum-mv-shares-kakaotalk-exchange-with-min-hee-jin-the-day-before-hybes-audit

oh, same post

[opaque torrent]

its ok yours has the translation

and mhj has a solid reputation of treating staff and artists well. like almost to the point that makes her unfit to be CEO based on my judgment of the past week

she treats them like family and friends, whereas a boss or CEO needs more distance and boundaries between themselves and their staff

[acoustic valve]

yeah, you do need a certain amount of sociopathy to be a successful CEO... that is if you think success and money is everything

[opaque torrent]

thats why she conducted herself so unprofessionally when she went after belift

[acoustic valve]

tbf it's also just a different type of management, the stricter impersonal approach is preferable for corporate settings, but if you work in small companies they're all far more casual, with good reason too, it produces better results

The casual approach just has more risk... which obviously becomes a bigger issue the bigger the company, which explains corporate culture and their extensive HR departments. Personally, I still prefer the warmer casual approach to management for myself

[opaque torrent]

sigh in another world, mhj and serian heu could be besties

legit i was excited to see illit's CD is a woman!

[acoustic valve]

me too, i still don't blame her and don't think she set out to copy NJ, she was just hired specifically because hybe/belift saw that her work resembles it, and then she was directed to make something similar

[opaque torrent]

right and mhj wanted to keep her complaint private as to not undermine illit's debut. fucking hybe

[acoustic valve]

the way she's being petty is lowkey funny but in a pathetic way tho

[opaque torrent]

both have been acting disappointingly to a degree imo but i dont blame either

[acoustic valve]

yeah, the blame is with management for allowing it to happen, not on her for just doing her job, making some cool concepts and art with the style management asked for

[vale grove]

Any confirmed updates?

[mild stratus]

hi 11, nice sticker

[dry atlas]

if hybe decides to restructure their multi label system what would that look like

jyp/sm?

[acoustic valve]

probably jyp tbh, if ador stays.... make it like TBL or smth, ideally

[twin cypress]

I was super confused about the cult talk and the og post that was in Korean but this video explained it pretty well. https://youtu.be/mQXCnFnCJQ8?si=ZHP5K1k-9B1IPk0m

So new jeans got the Apple event taken from them due to protesting in the omg video

[dry atlas]

apple event pushed through

"allegedly" needs to be somewhere there, don't say it as fact

[acoustic valve]

dunno bout this video, but i avoid that channel like the plague because it perpetuates unsubstantiated claims as facts, got burnt quite a lot like a year plus ago and have had it blocked since

but if they presenting that stuff without proper context, yeah its just up to what i blocked it for

[twin cypress]

The whole cult talk just derailed everything and now it’s conspiracy 😂

[outer canopy]

I hate this channel sm too 😭 they always do clickbaitish stuff

[dry atlas]

jam can you share the original cult thread in korean

[acoustic valve]

ground zero afaik https://vxtwitter.com/guiltyarchive/status/1784319765810667759

78.9m views 👀

but it's got beyond this original thread, there's a bunch of spin-offs in the quotes adding other stuff too, it's fun if you take none of it seriously ngl

[hoary frost]

I can’t stand this girl

[white arch]

[acoustic valve]

tbh there's not rly any good english language kpop channels anymore, they all just regurgitate opinions they see on twitter and reddit; which are minefields of both biased and false information from International fans... I miss channels like dkdktv

[urban orbit]

https://www.allkpop.com/article/2024/04/director-of-newjeans-bubble-gum-mv-shares-kakaotalk-exchange-with-min-hee-jin-the-day-before-hybes-audit?fbclid=IwZXh0bgNhZW0CMTEAAR26qkSu_KkNOC_TEHAT6aDVbmje8qSMMsV78VxlPG085WgEqKNYASOAvvY_aem_AZsk20iICWQ2RMsDVw51uPfjizBMy0lKkLv8cyRU3Yt0gpCPIaPHRC_M9JcZsghRVj7VX-v0DvTF-r5cPbFdrOBV

[waxen musk]

So what's gonna happen today?

[acoustic valve]

Usually this is the part of the plot where we discover MHJ and Hybe CEO are actually half-siblings
But the script writers been going wild this season, so no idea tbh

[opaque torrent]

bang pd allegedly plagiarized the aesthetics for HYYH https://www.koreaboo.com/news/erotic-magazine-editor-accuses-bang-si-hyuk-stealing-wet-concept-bts/

[urban orbit]

or next breaking news: MHJ and Bang PD have been reportedly spotted in Jeju Island on a date and laughing for tricking the media with all the fake accusations! 🤣

[urban orbit]

WTF!!! Lmao.. This is just getting wild by the minute.

[old cypress]

i guess that's durimimi

[opaque torrent]

yeah there are more newsworthy things that should be going viral rather than a conspiracy. altho i love that everyone knows hes in a cult now, i just wish the omg mv wasn't a part of it. its taking importance away from other valid articles

[acoustic valve]

ohh yeh I remember seeing her twitter thread yest, knetz did a bit of digging and she had made these same accusations 2-3 years ago, but I think she got bullied into silence by army, or maybe it just didn't catch on back then

[opaque torrent]

justice for her man

she should be compensated for it

[outer canopy]

I guess the tarot readings were true after all

[acoustic valve]

I'm not even sure she can be compensated, it's just about the principle for here. The part where Bang PD was proud to say in interviews "Oh, I always enjoyed romantic manhwa, that's where my sensibilities come from" when he allegedly never even knew they existed and got the idea from her, is frustrating to say the least. Like, is it so hard for him to just say "I asked a colleague, and they suggested I research romantic manhwa"?
At this point it just seems like an ego thing where he needs the world to think he's some kind of genius, whether he tells lies to make it seem that way doesn't seem to make a difference for him.

but stealing the "wet" part is kinda low, mayb she should be compensated idk

[acoustic valve]

top comment on korean video about the conspiracy with 220k views.... they have a point, was part of minji's kalguksu incident because of hybe mediaplay? Or is it just that they're suppressing this controversy but didn't do it for minji? This incident is far more viral than whatever happened with minji. hmmm

[old cypress]

it's a lot easier to attack an idol since they can't fight back

sadly

[jade quartz]

what is that?

[sudden frigate]

LOLOLOL 🤓

MHJ kinda goofy

[short laurel]

Post nice. Comments unfortunate.

Hybe stans has said it guys. Alleged evidence = proof of crime. Comments are sooo disappointing in this allkoop article

[dry atlas]

i actually read it coz of you

[short laurel]

Sorry mel

[acoustic valve]

she literally speaks to what I wish kpop was, it's no wonder I like her sensibilities, don't know if it's possible but it's a good dream nevertheless https://vxtwitter.com/CakeDegg/status/1784753933711462799

[short laurel]

Artists all around the world dreams of this. But then we have billionaires of the world doing art market 😭. (Shitty arts selling for millions or billions even while many amazing artists heavily underpaid)

[velvet wyvern]

Translate please

Who is VIBE?

[white arch]

no locura

[velvet wyvern]

Where ador?

[old cypress]

vibe is just a streaming app

[dry atlas]

is an eng fansite translating a korean translation of an english interview ?

[old cypress]

[acoustic valve]

globalism

[old cypress]

someone help this guy out and send the fastcompany link although it's too late

[dry atlas]

it's in the korean link

idk if they clicked on it though lol

[half knot]

that fastcompany interview was pretty good

[sterile umbra]

hola

what's the update guys (and the tldr as well)

[tiny peak]

if you listen to BTS you're going to be brainwashed and be indoctrinated into a cult

[acoustic valve]

where's the lie?

[tiny peak]

but reading all these unhinged comments in the OMG MV is perhaps ... ironic?

[steep torrent]

just realized its been a week since this started.. sure doesnt feel like it

[half knot]

well here's something interesting, https://jmagazine.joins.com/forbes/view/339599 from Forbes Korea
NewJeans made around 30 Billion won advertising revenue from approximately 31 advertisements/CMs last year.

and had 9 songs in Circle Chart annual Top 200

[tiny peak]

wow! everyone hope you're caught up on sleep, let's have a good week!

[opaque torrent]

old but revelant tea: bang pd and his boys club allegedly screwed a longterm female staff member out of her shares https://twitter.com/myloverjimin/status/1680101157614526464

MYLOVERJIMIN사랑하는그대여マイラバ (@myloverjimin) on X

하이브 주식 상장하면서 일어난 일

Twitter · Jul 15, 2023, 6:25 AM

[half knot]

funny thing is a lot of this stuff coming to light, allegations, conspiracies, or otherwise, had already been discussed ad nauseum among ARMY years back, even the Cyber University thing.

However, as the cult/hivemind, it was decided that they shouldn't let it get out too much and be seen by the public. This has been an excuse for a lot of this stuff to come to public view finally.

which makes their adamant defense of it even more ironic now.

[acoustic valve]

more, drag everything out, sunlight is the best disinfectant afterall

[half knot]

it's a form of, I don't know what to call it, weaponized hypocrisy? tolerating things that would impact them negatively?

a kind of 'must protecc' mentality I guess, unconditionally.

[opaque torrent]

before we couldn't put a face to the victims, i feel

[acoustic valve]

the defining trait of kpop is parasocial relationships, so i get it, still disappointing and ghastly to see though

[opaque torrent]

it used to amuse me that they would brag about the boys completing their degrees and apparently going for graduate thru this 'cyber university' lol im sure even if it isn't a fake university, its probably their managers who are doing the work

[tiny peak]

i'd like to think it's a fake university and that's the reason why (don't need to do any work), because otherwise i'm fairly certain it's affiliated with that cult

[opaque torrent]

https://www.soompi.com/article/1411376wpp/5-bts-members-enroll-in-mba-program-at-hanyang-cyber-university 🫠

[tiny peak]

oh okay I don't think that's the cult university (but who knows)

[half knot]

wait, I take that back, gotta look into again, apparently way too many of these campus-less cyber universities giving degrees in korea

[opaque torrent]

hybe goes too far with the PR... like i am sure no one would think lower of them if they don't have college degrees. its actually worse that this is lowkey propaganda for his cult

[half knot]

Global Cyber University
that's the one they did their bachelors at

[opaque torrent]

talk about diminishing the artists value!

[half knot]

https://eng.global.ac.kr/home/homeIndex.do

[opaque torrent]

probably to confuse ppl

[half knot]

wait how do I delete the embed, wtf lol

that university web page legitimately looks like a scam site ngl

[tiny peak]

oh my god they are featured on their site, which implies some kind of partnership or agreement

[opaque torrent]

jfc they really made bts the face of this cult university

[half knot]

the one that they are doing their MBA at allegedly at least looks like a real school

[tiny peak]

there's no doubt it's a sketchy cult university

like I was giving the benefit of the doubt, that they were attending because it's a joke university, so they can postpone military, but idk anymore

[opaque torrent]

||https://eng.global.ac.kr/user/nd86972.do|| everything is seemingly normal until "BRAIN EDUCATION MEDITATION"

[acoustic valve]

does nobody in that org speak english? "Global Cyber University" screams "SCAM" in bright neon letters for me....

[tiny peak]

oh some dirt is definitely going to surface

[half knot]

it's weird right? the embed is like a virus instead of a normal metadata embed...

can't even remove it normally, I've never seen a URL do that on Discord

also remember that tweet with tens of millions of views where it was "deleted" and the account deactivated? and people claimed that the legal threats made them take it down?

[opaque torrent]

fitting for a cult

[half knot]

It's back, it was just reported too much and the account suspended temporarily.

[opaque torrent]

they reported that k-tokki account that was translating knetz reactions to mhj

[half knot]

in retrospect of all the talk about minimal promotions and blocking opportunities, people are looking back on that calm man interview that happened just an hour after newjeans own livestream

and talking about how they didn't appear on most traditional promotional places that idols normally do for debuts or comebacks, and people at the time thought it was just nj/ador's choice...

[acoustic valve]

Hmmm, I wish I knew how the girls' discussions with their lawyers about terminating their contracts are going, on to be a fly on the wall

[acoustic valve]

yeah ppl dragging up all their old "unorthodox" promotions, we all use to think that Ador was just different, but now ppl seeing it in a different light

[opaque torrent]

ive been reading the comment sections on the k-side -- well just in general. the ones calling mhj greedy for asking for higher pay. i don't think she's going to use that to buy herself a ferrari. she probably wants to start her own company

i need a good translation of the articles that talk about her contract and the contract negotiation

bc i am stuck at - why are they making it so difficult to just lift the non-compute clause or make it straight forward?

[acoustic valve]

I think part of it might also be the girls negotiating with Hybe... because I can't imagine NJ without mhj, I imagine the girls feel far stronger about that than me...

[half knot]

another one https://marketinsight.hankyung.com/article/202404268486r

[half knot]

the thing is, the girls have a contract with ador, not hybe, so I'm not sure what they would be negotiating with hybe for

[acoustic valve]

well, not so much negotiating per se, but exploring their legal options and what could possibly work for them. Because it's not like Ador can terminate their contract rn and then just have mhj leave. The girls will be dealing with hybe one way or the other

[half knot]

I wonder if they can do that, while they still hold power of the executive board lol

that would be sort of the nuclear option.

[sharp acorn]

friendly reminder to all in this thread

[acoustic valve]

There's definitely safeguards against Ador doing that...

[opaque torrent]

i've hit my touch grass quota today already

[half knot]

I don't know, you would think so, but we've seen HYBE not have safeguards with Ador BoD being entirely out of their control lol

[opaque torrent]

vitamin d levels are good despite my flawless spf-clad skin

[acoustic valve]

don't need to touch grass when i got cults to research\

[half knot]

HYBE's a shareholder after all, not management at ador, as of now anyway.

[acoustic valve]

I haven't seen any articles from "legal experts" even consider that a possibility, but I imagine if it was... they'd probably do it

[opaque torrent]

theres been a lot of ambiguous translations. earlier i read one that translated to hybe didn't even offer mhj shares because they'd have to pay taxes, while some said the opposite. like each article had its own way of making either party the victim

soompi idc about queen of tears' soundtrack or ratings, pls translate the new mhj/hybe articles for me

irl queen of tears >>>>

[half knot]

the legal repercussions of them breaking their fiduciary duty of acting in shareholders best interest, depending on their articles of incorporation, would be huge, but at least the girls wouldn't face any legal issues if their own company terminated their contracts. again, a silly farfetched implausible scenario, but we're only on like episode 2/3 of this drama...

[opaque torrent]

https://x.com/NewJeans_NW/status/1784000193119076677 lol

네트워크 (@NewJeans_NW) on X

지금은 뮤비 시청할 시간!

https://t.co/bvEhlnmVy4

Made by 검정해린(뉴진스 갤러리)

Twitter · Apr 26, 2024, 11:22 PM

[prisma ferry]

Translate?

[acoustic valve]

pretty sure its meming a certain other conversation

[half knot]

I'm glad stuff like this is coming to light https://fxtwitter.com/asianjunkiecom/status/1784787136333643911

[prisma ferry]

I will Def support NewJeans however i can

[acoustic valve]

me checking out theqoo reguarly the last week means I've seen 9/10 of these stories before they pop up on twitter

[prisma ferry]

So Dispatch Working with HYBE

[acoustic valve]

old news, but it went from "probably" to "100%" due to last week's reporting

[half knot]

it's not like they have fundamentally avoided covering any scandals involving HYBE artists or anything...

not like almost all HYBE artists were at their little virtual concert years back despite most of them not going to any other program that year

and dispatch was overwhelmingly on the side of HYBE during the HYBE x SM thing last year.

This time though, the public sentiments are so diametrically opposed to dispatch coverage of the issue, people are finally waking up and putting their thinking caps on.

[steep torrent]

i think everyone on twt collectively agree hybe pays dispatch

[acoustic valve]

As an aside, I wonder if any legal experts have considered the possibility of Hybe being sued for breach of trust if they fail to prove MHJ was guilty of it and still try and push her out of her position as CEO. Like, surely there's a case for that being wilful destruction of company value

[steep torrent]

what does recieved the highest level of treatment in the market mean

[orchid field]

we can't trust forbes numbers the source is typically: trust me bro

[buoyant hamlet]

Hybe has been bribing them for years now. If I recall correctly, they were caught paying dispatch reporters full trips to a Las Vegas BTS concert for positive new stories

[prisma ferry]

Fucking HYBE

[half knot]

I believe that means as a group they had the most advertisements and most revenue from said advertisements in this context during 2023, but please correct me if you are fluent in Korean

[prisma ferry]

HYBE Doing this HYBE doing that FUCKING HELL

[half knot]

market leaders always abuse their monopoly. in the olden days, it was SM

[hoary frost]

was there any relevant/official info released

[tawdry vessel]

no

hybe stopped the media play

[marble cape]

anyone have a tldr of the whole situation right now? trying to show a friend

[acoustic valve]

the front of this article before the interview has a pretty good summary: https://www.fastcompany.com/91113146/k-pops-leading-company-has-declared-war-on-itself-this-never-seen-interview-profiles-the-creative-legend-at-the-center-of-it

[marble cape]

i went to reddit and half that shit was misinfo lol

[acoustic valve]

nah reddit deadass useless these days, it's like going on 4chan to learn about qanon

[twin cypress]

Wait did the stock market for hybe open up yet?

[orchid field]

reddit, twitter and tiktok is brainrot central, they will just rip out a small part of mhj's press con and twist it out of context like how bang pd cucking mhj out of debuting nj first as promised and pushing out lsrf first instead

[short laurel]

Wait is that true? That's saddening cuz bts boys music is soo good. 😭

[arctic sky]

https://imgur.com/PwJkU8Q

[tawdry vessel]

what nj song should be playing

[mild mist]

Only half?

[dry atlas]

According to both HYBE and CEO Min Hee-jin on the 29th, CEO Min sent a reply email this morning saying, 'We will not convene the board of directors requested for the 30th.'

https://www.chosun.com/culture-life/culture_general/2024/04/29/E5FBFR5X3RA3TFCX3KQHQ5TP4Y/

[dry atlas]

as expected

but news is news

[sudden frigate]

So... what now?

[copper jetty]

If they don't convene do we know hybe's resort to this move??

[opaque torrent]

they have to sue of course

[mild mist]

Whatever is written in the sacred book of the cult

[dry atlas]

they already filed to the court for permission to convene extraordinary general meeting

read the article

[short laurel]

So basically mhj says it's illegal of hybe but hybe says it's not.

While mist of you not like me saying this. I hope somehow all 5 girls contract somehow terminate n they get out of hybe. Safety 1st.

[white arch]

what means convene?

[dry atlas]

assemble

[white arch]

[acoustic valve]

afaik they don't have to sue, they can call a general(?) shareholders meeting, which would allow them to revote for the whole board, thus effectively removing mhj anyway. But that takes like another 2-3 months

but yeah, charging her with crimial activity would be faster

[mild mist]

At which point we're neck deep into court and even more confused

[hoary frost]

let her finish NJ1

[opaque torrent]

just let her stick to her original plan of exiting jan 25 lol

[hoary frost]

was that her plan?

[opaque torrent]

thats what hybe claimed

[hoary frost]

u cant leave nwjns ma'am

[acoustic valve]

i hope her shaman works some witchcraft, get NJ outta there too

[opaque torrent]

i was reading another transcript of her presscon. a fact that was missed was that the shaman was mhj's friend first and then she became a shaman... she just shared it like the shaman used to be her dentist and decided on a new career path

do they have degrees for shamanism at cyber university?

[acoustic valve]

i mean "shaman" in Korea is almost the same as a chiropractor in the US

[tiny peak]

i kinda understand the analogy, you see their offices all over the place

[opaque torrent]

what an insult to shamans

[acoustic valve]

well yeah, that and they both deal in pseudoscience, but because society as a whole believes it they aren't seen as quacks

which i got nothing against, if it makes u feel better it makes u feel better, who cares if its placebo

[tiny peak]

what's weird is there are "celebrity" shamans too, with long waits to get to see them

[opaque torrent]

a shaman puts curses on people and enables you to talk to spirits. a chiropractor will dislocate your spine. there is no equivalence!

one is desirable

[acoustic valve]

true, those curses won't actually cause harm

[opaque torrent]

yeah just minor discomfort and some bad luck

[acoustic valve]

about the shaman, if people actually read a full translation of that section, it's kinda sad. She's like "Why's it wrong to see a shaman to make me feel better? Don't you (reporters) do it too? Because of Hybe I was forced to see therapists, but they did nothing for me. My shaman helps me feel better. Is that so wrong?" , I'm paraphrasing here but that's the gist, bit of a downer. Screw Hybe.

[tiny peak]

were they trying to frame her as a President Park Geun Hye

which was a different situation because that involved ... a cult

[opaque torrent]

wow you know who at hybe is involved in a cult

[acoustic valve]

no, MHJ is a good Christian and that was why she was battling BSH and trying to take down the cult from inside Hybe, luckily she had Danielle who's a biblical angel by her side
edit: actually, that's a bit mean to the conspiracy theorists, they don't actually believe the angel part, but they do think BSH believes it... which is why he was scared of Danielle

or so the twitter threads I read suggest

[short laurel]

shaman would be like homeopathy ? since that doesn't really have anything to harm just sugar ??

[valid sierra]

that is why i worship modani

[tiny peak]

i wish the conspiracy theorists would stop reaching so much and also stop bringing other groups into this, because there does seem to be some actual stuff to investigate

[half knot]

yeah but the kind of "journalists" (heavy quotation marks) who would do that are already on HYBE or affiliates' payrolls

and there are a terrifying plethora of past examples where people who looked too deeply into cults were ........ deleted.

[acoustic valve]

yeah that's an angle many international fans just don't get about Korea, whilst conspiracy theory about cults sound ridiculous... and it still is in Korea. The fear of cults influencing and manipulating powerful people and their organizations is a legitimate thing to be wary of in Korea, the cults and their influence actually does run deep there, and they do try to hide it because people react to them exactly like how they did this weekend.
tldr; these conspiracy theorists aren't nearly as crazy as most people who aren't aware of Korean society think they are, but still a bit crazy

[opaque torrent]

https://www.koreaboo.com/news/jungkook-hybe-weverse-cult-dahn-world-allegations-hybe/ dahn world also s eems to operate like an mlm?

[acoustic valve]

mlm and cults, like peanut butter and jelly

[short laurel]

wait till people realise it's not just korea but soo many big companies all around the world are religion controlled.

[acoustic valve]

and so it begins again with japan a day behind or so... I'm actually curious if japanese people are as wary of korean cults... didn't they have the whole shinzo thing blow up in their face not that long ago...

[dry atlas]

why people saying omg tiktoks have been deleted

they're still there, just the song is gone

and that was before all this

[acoustic valve]

confirmation bias, and slight blurring of the details. perfect ingredients...

[half knot]

Why is the song gone again?

[acoustic valve]

this is cute tho

[half knot]

Also can ILLIT's creative director get off her IG? Keeps posting shades on her stories lol

MHJ never even accused her of anything, she only directed it at HYBE execs and Bang PD and the like.

[tiny peak]

i better understand the concern for their safety now, if cults infiltrate the government and who knows what else over there

[half knot]

just a handful of the more public examples of these cults

[tiny peak]

yeah I don't think this is the right timing for her to be shady, it's not helping her group at all at the moment

[waxen musk]

What does the latest pinned about MHJ not attending tomorrow mean for the recent future? Or is it just we will have to wait even longer to find out what the results of everything will be?

What will likely be the most recent update (other than surprise updates)?

[half knot]

She's Ador's CEO, and all the other executives on Ador's board of directors are her own people. In order for a shareholders meeting to be called, the board has to vote in favor of it and convene such a thing, according to whatever mechanism the company's articles of incorporation says. HYBE, through the audit process, called for such a general shareholders meeting, basically to oust the CEO and probably fire the entire board, as they are the 80% majority shareholder. Ador has now refused. HYBE has to go to court and sue Ador, and show that they have the right under Ador's articles of incorporation to call such a shareholders meeting. That can take 1-3 months at least. So for now, unless MHJ steps down herself, she's going to remain CEO and Ador will function mostly as it was doing so all this time.

[waxen musk]

Thanks for explaining all that.

[acoustic valve]

There isn't really an avenue for her to remain as CEO if hybe is set on removing her, it's only a matter of time

i'm guessing she's only holding on for another couple of months out of pride, and to see this CB through... the fanmeet will be very sad for the girls

[half knot]

it's not been a week and we've already gone through a year's worth of twists and turns, giving herself extra time may work in her favor.

including nuclear options discussed before like letting the girls walk after tokyo dome if things are still not in her or newjeans' favor

[acoustic valve]

nah, none of them can afford the penalties, unless they have a legitimate mistreatment case... which who knows, they might

[half knot]

this is obviously speculation but the girls don't need to pay a penalty if their company terminates their contracts mutually.

[short laurel]

unless ador terminate the contract

[half knot]

this has happened many times in kpop.

a very small one but KIOF's company S2 disbanded Hot Issue and let the girls walk with no penalty just a year after debut for example.

[acoustic valve]

but if ador does that surely its breach of trust... and thus they'll be liable for the penalties

[half knot]

Yes, but the girls won't be liable is what I was trying to say. Again, purely hypothetically.

It was one of the fears expressed in one of the negative mediaplay campaign that HYBE was pushing early on.

[short laurel]

well if hybe gonna push this on mhj. might as well she do it for real and protect the girls.

regardless of what happen it will surely damage hybe more if girls got out.

[acoustic valve]

just spitballing; if the girls and mhj are really as attached as they seem. The girls just stay in Hybe, but they have a detailed plan from their lawyers on exactly what kind of evidence they need to gather in order to justify mistreatment. MHJ won't be able to work for at least a year or two anyway due to non-compete, so the girls just aim to terminate their contracts by whenever MHJ can work again. It's a decent kdrama plot

[waxen musk]

Let's say everything goes as MHJ wants and she gets out with the girls and continues NewJeans and owns all their old stuff etc... (I don't believe this will happen lol )... would Hybe still see this version of NewJeans as serious competition or would this new NewJeans be at a serious disadvantage due to lack of resources they had when they were with Hybe? Either way if they can continue their sound and concepts I'm all for it and the general public and tokkis will support them either way.

[half knot]

I really think we're only in part 2 or 3 of this minimum 16 ep drama

[short laurel]

we wil surely c budget hit in that senario but girls are popular they get alot of brand deals. they will be fine.

so hybe will have to c them as serious competition.

[half knot]

there are examples of company transfers involving big bucks. stayc's company moved from the CJ chaebol to Kakao Ent for example.

and it wasn't exactly amicable.

[short laurel]

i don't trust kakao at all. all SM albums shipment are now 1 week late and it hurts mushows.

[half knot]

So it will depend on whether it remains viable for HYBE to retain ador, MHJ or the girls of NJ or not. If there are investors, it's possible at some point HYBE sees this as a loss and lets ador and NJ go for a price. their shares that is, as NJ brand, contracts, etc are all under ador not under hybe.

this multilabel multi company system really wasn't the wisest idea if they wanted complete control of everything.

especially when stuff is registered under daughter companies and subsidiaries rather than straight under hybe.

[acoustic valve]

yeah, i guess somewhere in this is also the possibility of kakao coming in to buy ador or smth... but I'm not sure why hybe would agree to that unless it was an ungodly sum. Maybe if relations keep breaking down and even the artists show clear disdain towards Hybe and it becomes an environment where they won't be of much value to each other

[copper jetty]

Wait is this confirmed already? That the girls' contract itself is with Ador and not Hybe?

Thing is if you've seen hybe financial report, Ador and NJ alone is their 3rd most profitable company. Wouldn't that already be deemed as a loss for them? And if they do release NJ and Ador (which is highly unlikely) they would then be another competitor in the market, and at this point in time with NJ popularity, I don't even think it's going to be a competition much rather NJ would probably demolish their other girl groups.

[half knot]

I am not sure if we have solid written proofs but it has been mentioned in various articles multiple times that NJ members are under contract with Ador, and HYBE is only the parent company/80% majority shareholder. It is also mentioned in original ador announcements back in 2021 and 2022, as well as after NJ debut, that ador had its own separate articles of incorporation, so they aren't just a virtual division/sublabel, but an actual company. Ador also mentioned in one of their statements last week that all the brand deals are signed with Ador, and not HYBE.

So one could presume, safely guess that the contracts are with ador.

[hoary frost]

yes, recent articles also mentioned that contract is signed with ADOR

[nimble stream]

Lsm cameo when

[short laurel]

lsm is in secret mentor of bangpd.

[cyan rivet]

Nj: send bubble gum link
Nj: ㅎㅎ haven't you watch it?
Me: ㅋㅋㅋ
Nj: Why don't you watch it? ㅋㅋ
Nj: It's a true question
Me: hah? What are you curious about?
Nj: So you aren't going to watch it ㅎ

I think it's a homage.. of bang and mhj

[rapid niche]

@clever zephyr

[hoary frost]

https://x.com/cato_o_o/status/1784923398906212387?s=46&t=lncf7vo09FEx5ZDvXg81LA

Cato_o_o (@cato_o_o) on X

Article titled

“HYBE accusation of 'betrayal' against Min Hee-jin stems from restrictions on exercising stock options when a director is prematurely dismissed.’

Interesting part of this article is also it said, HYBE has indirectly acknowledged that MHJ had some grounds 1/

Twitter · Apr 29, 2024, 12:31 PM

[steep torrent]

its probably gonna be slow from now on then?

[copper jetty]

I don't really understand the contract part. Can someone explain this to me? Like I tried reading it but it somehow flew over my head. 🫠

[short laurel]

https://vxtwitter.com/cato_o_o/status/1784791507704123807

this is the 1st post i've seen where replies are in favor of her on twitter

[opaque torrent]

https://x.com/tmikpop/status/1784915259750334662?s=46

TMIKpop (@tmikpop) on X

Donga Ilbo reports that in Mar 2023, Hybe entered into a shareholder agreement with MHJ to transfer a 20% stake to her. She reduced her stake to 18% and distributed 2% to employees of the company. At that time, there was a good working relationship

Twitter · Apr 29, 2024, 11:58 AM

https://x.com/tmikpop/status/1784915261365108978?s=46

TMIKpop (@tmikpop) on X

as Chairman Bang lent Min Heejin the money (to buy the shares). In December 2023, a conflict arose when MHJ demanded a revision of the shareholder agreement, increasing the valuation from 13x the value of Ador to 30x the value of Ador (for all 18% of her shares).

Twitter · Apr 29, 2024, 11:58 AM

https://x.com/tmikpop/status/1784915262753448349?s=46

TMIKpop (@tmikpop) on X

The revised valuation would increase the value of her shares from 100B to 270B. MHJ also requested a revision to the clause that required Hybe's consent to sell the remaining 4.5% of the 18% of her shares, saying that in conjunction with the non compete, this was a slave contract

Twitter · Apr 29, 2024, 11:58 AM

https://x.com/tmikpop/status/1784915264020079091?s=46

https://www.donga.com/news/Economy/article/all/20240429/124711799/1

Not exactly new but a translation!

And bang pd loaned MHJ $$ - HYBE mediaplay is back

[short laurel]

it's TMI translation so 🧂 i don't trust him.

[opaque torrent]

Yeah I see the bias in their translation

[dry atlas]

haha dcgall gonna send support trucks soon

[short laurel]

where's the source of mhj loaning form bang? just another baseless article ?

[opaque torrent]

The translation made it seem like bang pd wanted MHJ to do so well and believed in her so much he lent her the money for all 20%

But when I read the article, it’s more neutral. Like it doesn’t imply that he was charitable.

[short laurel]

i haven't read it. does it say he lend the money to her ?

[opaque torrent]

People are going to read this and think he was generous, and to a degree he is, but a loan means she has to pay it back… possibly with interest. And it’s meant to have her overlook the non-compete clause that bounds her to HYBE for life should they choose to exercise it

[short laurel]

if really wish i could report him on twitter. but there's no category in report for biased or false information

[opaque torrent]

The bias is not that strong if I am being honest

And the primary source is always linked. Tokkis translations have bias too

[short laurel]

i read his soo many post being shared in all the drama. so his bias i just find too much. especially considering his size.

[old cypress]

Tmikpop tweets nonsense

[steep torrent]

that was an ex army account rebranded pretty sure

[old cypress]

There's no loan. Hybe gave 20% of ador to mhj

[steep torrent]

saw some screenshots of them

[hoary frost]

I want this slogan "Bang Sihyuk, take your hands off NewJeans production"

[opaque torrent]

Well this leak to the media is clearly from HYBE’s side so no matter who reports and translates it, it’s going to include the fact that bang pd lent her money to buy shares in ador. But of course the terms and conditions aren’t included

[hoary frost]

she will do another press con to curse him out

[old cypress]

You posted the translation and it doesn't say anything about lending money to her. Tmikpop made it up

[short laurel]

i m not talking about lend money thing. it's just the way he translates all of the things. little by little it becomes strong. and it reflects in the repleis he gets.

[opaque torrent]

Yeah it does, the last sentence

[dry atlas]

Court sets hearing date for Hive's general shareholders' meeting: "Tomorrow at 4:35 p.m."
https://n.news.naver.com/article/366/0000989358?sid=004

[hoary frost]

wasnt it gonna take few weeks

[old cypress]

It's not about the 20% at all

[dry atlas]

Usually, permission is decided three weeks after the court sets the hearing date. After the court decision, an extraordinary general meeting of shareholders is notified, and an extraordinary general meeting and board of directors meeting are held 15 days later.

[hoary frost]

hybe using all connections to speed the process. we are so over

[dry atlas]

chill

haha

[old cypress]

Lending funds for the day to day operations is my understanding

[short laurel]

@lethal hound can u translate it? we are confused if bang lend money to buy ador shares or he lend money to support ador. ro something else entirely?

[valid sierra]

its loan to buy the 18% shares. which amounts to 3.5 billion won

[short laurel]

i don't think it says that he loaned all of 3.5 billion won. it just said that's how much 18% shares prices was at the time.

[opaque torrent]

Wait Tmikpop skipped the part that HYBE also demanded to extend her contract for another few years… that’s why she asked for the 30x increase. She wasn’t negotiating in good faith. She just wanted out.

[old cypress]

https://vxtwitter.com/T2Roadster/status/1784877336711548992

more info. There's a link to the news article as well

tldr : mhj had 15% from the beginning and when newjeans blew up she got extra 5%. But the 5% is the trap as mhj can't sell these until 2029. And since she can't sell these, the non-compete remains active and she can't leave ADOR. That extra 5% is basically an hidden extension of her contract

article is from Yonhap news

[hoary frost]

2029????????

[old cypress]

according to the article yeah. Not indefinitely but 2029 now

[hoary frost]

what the hell

[short laurel]

from 2023 to 2029 is 6 years. a year beyond legal limit.

[old cypress]

the put option on the 15% can be exercised in 2026 and the remaining 5% can be exercised in 2029

it's different from the previous reports that were saying that the 15% could be exercised on january 2025 so i'm a bit confused

[cyan rivet]

The reporter's name is Kim Minji lol

[old cypress]

iirc even the audit screenshot said january 2025 so i'm confused why it's 2026 now

[short laurel]

4.5% was given last year so 2023. no way it can be till 2029.

[hoary frost]

so they wanna dismiss her, she cant touch nj music snd concepts anymore, but still tied to ador?

[old cypress]

yeah

[short laurel]

yea

[hoary frost]

they just hate nj

[cyan rivet]

Fr

[hoary frost]

bruh

[old cypress]

and she can't even profit from newjeans activities since her share sale price is locked

she signed such a terrible deal

[short laurel]

i m sure hybe would try to lower nj value over time if her shares price wasn't locked.

[hoary frost]

free my girls

[serene cloud]

i'll be honest, it makes sense from hybe's side to extend her contract to match nj's contract

[hoary frost]

they tried

[serene cloud]

they must have realized then she wants to leave - why is she desperate to end her contract when nj contract would still be valid

[hoary frost]

she wasnt desperate to end it tho

[opaque torrent]

yeah she just wanted the clause lifted bc it is unfair to her

[hoary frost]

she wanted better deal

[old cypress]

isn't ador planning to start a bg?

[serene cloud]

but she still wanted it to end at the same time?

[hoary frost]

she didnt agree to extend bc deal was unfair i think

[short laurel]

it wasn't to end it. it's hybe trying to end her career. and yea what they said above

[hoary frost]

no one knows this 😂 it will be just another hybe bg

under different name of label lol

[serene cloud]

idk that's not my reading of the situation but wtv

[old cypress]

the hype boys global audition

[cyan rivet]

It may seem 30 times more demanding, but it is appropriate compared to epr=45

[old cypress]

yeah newjeans is growing, so the shares value should be growing

once again i dunno why mhj accepted such a terrible deal. This is such a L

she said she trusted park jiwon and signed what he presented her

[mild mist]

That was for the ADOR board, not for hybe

[old cypress]

also, why is the donga article so different from the yonhap one? Who is right, who is wrong?

[valid sierra]

must have overlooked, thats why mhj had outside consultation

[hoary frost]

me

[old cypress]

oh the share price isn't actually locked. It's the 2y average operating profit x 13

and mhj wants to raise it to x30

[hoary frost]

as she should

[old cypress]

But I can understand why hybe is against it, it's a lot of money

the larger newjeans grows, the more hybe has to pay to get the 20% back

[hoary frost]

as they should

[opaque torrent]

the donga doesnt even mention that hybe stipulates that she extends her contract. even the articles yesterday mentioned it

it gives the impression that shes just making impossible demands

[old cypress]

yeah i think donga left out a few things

[hoary frost]

donga hybe lapdog confirmed

[old cypress]

and ofc tmikpop picked donga

[opaque torrent]

we can interpret her asking for 30x means shes not asking in good faith. means she just wants to end it where it is... but it could also mean hybe was to meet her in the middle too

[short laurel]

like she asking for 30x hoping hybe to compromise and give like 23x or something ?

[hoary frost]

yea

i hope mhj can drag this out

complete NJ1 pls thanks

[unkempt roost]

i dont think this fact was ever disputed. TMIKpop added it for context

[old cypress]

okay I got it now. Currently the extra 5% is not tied to a put option. Meaning that MHJ can't sell it unless hybe wants to buy the 5%. During the negotiation HYBE agreed to add a put option for the 5% however it would be exercised on 2029. So nothing is agreed upon for the 2029 thing.

[old cypress]

First time hearing it. I don't see any article saying mhj had to buy shares from hybe. My assumption is the 15% was her initial compensation for managing ADOR. It's not uncommon for stock options to be included in someone's package

[unkempt roost]

I might be mixing facts up here but iirc MHJ owns stocks, not stock options. HYBE initially wanted MHJ to have stock options but MHJ argued that the tax for exercising that stock option will be too high (45%), thats why MHJ owns 18% stocks now

[old cypress]

yep, thanks for reminding me i forgot that detail

so hybe did grant her stocks

[unkempt roost]

Which is why they agreed to change the compensation to MHJ buying stocks at a lower value as Ador back then had low valuation, therefore MHJ had to borrow the money to buy the stocks

[serene cloud]

is that common? to lend money for that

[unkempt roost]

they could've probably just granted her pure stocks but iirc it was that she borrowed money to buy the stocks at a lower value not that she was granted it. I'm lazy to find the articles that substantiates this tho

[old cypress]

You're right, HYBE did sell shares to her because she didn't want stock options. I still haven't seen anything about hybe lending her money

[unkempt roost]

i rmb reading several articles mentioning that in passing but im not gonna dig them up lol

IMO the most important detail in that donga article is this "In response, Hive expressed its intention to revise the exercise of the putback option for the disposal of the 4.5% stake, but the negotiations between the two sides reached a deadlock as they rejected the request to raise the standard for determining corporate value."

[old cypress]

yeah the yonhap article says the same thing but gives more detail

[unkempt roost]

I think it's the first article I've seen that claims that HYBE accepts that 4.5% as putback option

[unkempt roost]

can you link it to me?

[old cypress]

they accept it but they set the exercise date to 2029 which was a no for mgj

[old cypress]

https://n.news.naver.com/article/001/0014658224?sid=103

[unkempt roost]

interesting indeed

[short laurel]

tbf considering nj popularity. increasing price make sense.

and i heard normally on this scale people demand like x45

[opaque torrent]

there were two articles released over the weekend that covered the negotiations more comprehensively than the donga article lol

but tmikpop chose that one

i see what y'all are saying about them now

[old cypress]

https://www.msn.com/en-us/money/companies/min-hee-jin-demands-30-fold-increase-in-put-back-option/ar-AA1nPVTs same article in english

[unkempt roost]

a detail that the article didnt mention is that whether the non-compete clause will be voided for the remaining of the 5% putback option period because thats the whole reason why it's a slave contract lol

[old cypress]

the slave contract aspect is voided since mhj can sell the 5% without hybe's approval thanks to the put option

[unkempt roost]

really? i didnt really keep up with the news lol

[opaque torrent]

1. https://marketinsight.hankyung.com/article/202404268486r
2. https://n.news.naver.com/article/015/0004978135

both side with mhj on the clause being sus

i think the latter is the "misunderstanding" one

[unkempt roost]

but only after 2029 right? Means that MHJ is still tied to the contract until 2029 regardless?

[old cypress]

correct

I guess that instead of a forever slave contract, it's now a until-2029 slave contract

[valid sierra]

considering how short an idol career is, it feels like forever tho

[unkempt roost]

tbh these details wouldve never been a problem if everything was peaceful lol

[serene cloud]

it's matching nj's contract though

[opaque torrent]

but it wont be just nj that needs the increased income. ador is forming a bg too

[valid sierra]

mhj's contract is only until 2026 right?

[cyan rivet]

Yeah

[short laurel]

i said it above but i m confused. the slave thing i read that company can onyl do it for upto 5 years but 2029 is clearly more than 5 years. so shouldn't that void the contract in court ?

[serene cloud]

wasn't that hybe's offer to remove that condition?

you can sell that piece but only in 2029

so it removes the need for hybe to approve but they also get something in return

[short laurel]

still it's locking her for 6 years.

[serene cloud]

well isn't hybe supposed to get something in this negotiation

i guess the deeper question is if the clause is even valid

[short laurel]

that is what i m asking

[serene cloud]

the you can't sell this piece until we allow it

[old cypress]

The non compete clause is :

• Min Heejin cannot work for another company unless she exits her tenure as CEO of ADOR and sells all her ADOR stock

The current situation :

• She is CEO for 5 years, so her tenure ends in 2026
• She owns a put option allowing her to sell 15% of her shares in january 2025 (or 2026, sources differ on that point)
• She is unable to sell the remaining 5%

HYBE's proposal :

• Grant a put option on the remaning 5% so MHJ is able to sell and fully exit
• However the put option has an exercise date of 2029
• Meaning that she cannot work for another company before 2029 (or 2030)

[short laurel]

doing it but only after 2029 is no different jsut adding a date.

so she locked until 2029

[serene cloud]

well doesn't she want to be locked in to keep working with nj

if she's so highly valued, why would hybe want her to leave in the middle of nj's contract

[dry atlas]

yo ping me when there's another issue

stocks bore me

[short laurel]

what i mean is for how long they can make the put option legally . in this case isn't it goign beyond 5 years. that is basically no different from locking her for 5 years.

[short laurel]

bang's ego is what we specualiting. otherwise there was no reason for it to go public to begin with.

[opaque torrent]

if she didnt, she could just sit still and get her 60 mill

and her escape fantasies wouldnt include taking ador

these contract negotiations are very confidential. the fact that this much has been divulged while theyre still talking is uncommon so there has to be more

[serene cloud]

perhaps

[old cypress]

i remember some reporter taking pictures of the shareholder agreement

also if hybe removes mhj from her ceo position, she is going to be stuck for years unable to work anywhere but as ADOR's creative director

[dry atlas]

*x -c https://twitter.com/omgakgae/status/1784953748067893567?t=GmW1ZJMe5kLhAJjiAbi_eQ&s=19

[harsh dove]

@omgakgae <t:1714401111:d>

This acct managed to rebrand themselves into a trustworthy translation account

[old cypress]

oof

[hoary frost]

can she even work as ador cd if she is dismissed

hybe plans to replace her within 2 months acc to articles

[serene cloud]

yeah i think that bridge is burned

[old cypress]

as a creative director, why not. Hybe can re-hire her

[hoary frost]

please lol

[valid sierra]

with how things are going rn, even if mhj managed to stay as cd, i dont think she can still be in charge

[old cypress]

I assume she will refuse but she will be jobless for a few years unless working on a different field

[dry atlas]

consultant

lol

[hoary frost]

she is not only cd for nj. she is executive producer. u think she will be happy to watch hybe push their way of operating to the group she wholeheartedly created? lol

its just wishful thinking that hybe will keep her on any position after everything

[valid sierra]

thats why they are trying to replace her as ceo of ador

[copper jetty]

They probably won't but is it just wishful thinking of me that they could maybe meet halfway.

[acoustic valve]

would literally be the opposite of everything she does and stands for tbh

[old cypress]

Obviously she will not accept lol, I'm just saying she won't be able to work anywhere else due to the non compete

[acoustic valve]

i mean, u can always just say "f ur non-compete, take me to court if u wanna"

[hoary frost]

nj will be the one taking the hit bc mhj is not just cd for them. she is everything and every creative input comes from her connections as well. sm replaced mhj with ppl who worked with her for years, thats why groups brand identity did not change, but what about newjeans? yemin kim their creative director is member of board, will they keep her, someone who worked w her for decades and followed her from sm to hybe? or do u think bana will continue dealing with hybe tantrums? lol

[acoustic valve]

then again, bsh being the vindictive goblin he is, probably would

yeah NJ is ironically the biggest losers if she leaves imo, like MHJ will be fine, she was going to leave before nj debut anyway, taking a few years sabbatical isn't the end of the world for her.

but for NJ members to lose the creative core of their group at this stage in their career? Hybe is literally just trying to gut the group and any potential it had, absolutely disgusting

[prisma ferry]

I Hope Mhj Press con can be translated I don’t buy media translating it

[old cypress]

https://vxtwitter.com/tikkitokki22/status/1784530180956102732

[acoustic valve]

??? what do u mean by media? Translations of it from news publications are generally pretty accurate, what you should avoid is anything that isn't an actual news source

[dry atlas]

Jerry if you dont trust media who do you trust

[dry atlas]

who's yemin kim

ig

i only know staff from their igs

[short laurel]

the press translation we got so far has been much much better than likes of tmi atleast.

[hoary frost]

yemin kim is actually newjeans creative director

in credits she is always credited as art director. she is basically 2nd person after mhj

she doesnt have ig or at least we dont know.

[dry atlas]

sad

[hoary frost]

ikr

don't get me wrong. hybe can always make hits. even if they rebrand nj or even if nj creative direction becomes bland compared to what we get now (and mind u we are so spoiled), hybe has no problem with hiring 50 songwriters to create hits and put out one high budget mv, but to me newjeans is more than just hits and numbers. can 51 yo male chairman capture their essence and develop their brand as well as current ador staff? i will collapse the day they create fantasy lore and start dedicating songs to those lores, but i will follow newjeans regardless because they have the ability even under bang pd who has no vision or trademark sensibility

[acoustic valve]

it's the difference between Dune films and the recent Star Wars films

[short laurel]

its the hybe's word on giving them counseling that worries me

[acoustic valve]

both successful, SW might even be more successful... but they are not the same at all

[short laurel]

part of reason sw is more successful is cuz it become easier to access compared to past.

[acoustic valve]

hopefully their families and public scrutiny will keep Hybe in check on that front

SW films (recent ones) were also successful because they were clearly heavily market-tested+adjusted films where the primary core of the movies were basically "we built this to appeal to the the largest swathe of demographic possible". Whereas Dune still had a primarily artistic vision behind it

[hoary frost]

good comparison. no offense.

there is so many things newjeans does differently from bang pd groups. so many things that ultimately contributes to creating the brand identity of newjeans. how will it be same under him? i cant even imagine

i think he should go jail for pulling this bs before NJ even has 1st full album. that's the biggest crime here.

[orchid field]

this will never be not funny

[acoustic valve]

yeah the difference between building something to be popular and building something to be art, that then becomes popular. It may look similar to many people, but they couldn't be more different imo. Ugh, thinking about it only makes me more mad at bsh

[hoary frost]

I'm fuming

[copper jetty]

What would be the chances though of MHJ staying???

[hoary frost]

stream Zero

[old cypress]

i still believe hybe will backtrack and mhj will stay. Removing MHJ is bad PR for hybe and they know it's a bad move for newjeans as well

[copper jetty]

Also this also sets a precedent regarding their other subsidiaries so I'm also hoping that hybe backtracks and settles.

[quick wadi]

are we believing in music yet

[hoary frost]

we only believe in money here

[copper jetty]

I'm clinging to that shaman and the tarot reading

[hoary frost]

mhj is equal to whistleblower for them. huge liability. they can even afford losing newjeans in all this mess. there is just no going back

[echo scaffold]

which side are the general public on twitter?

[orchid field]

twitter is being dumb as usual

[echo scaffold]

2 factors i can think of is

1. korean public turned to mhj side after the conference, because of calmative they felt from her

[twin cypress]

Seems like Koreans side a lil more with mhj but Americans side with hybe cause they like their other groups and think mhj is weird

[echo scaffold]

2. BTS fandom is one of the? or most powerful group of people on twitter so their influence has effected general public on twitter

[orchid field]

yea international fans still having tunnel vision rn

[echo scaffold]

but this doesnt apply to people outside korea because of language barrier or most people just read it instead watching it

[twin cypress]

I don’t blame them Stan Twitter probably like teenagers or something

[copper jetty]

Also not helping that ifans mostly get their sources from Twitter and sources who cherry picks the translations or worst case mistranslations.

[orchid field]

yeah i mean one of them even managed to rebrand into tmikpop lmfao

*x https://x.com/nayeonssgirl/status/1784990845596479799

[harsh dove]

@nayeonssgirl <t:1714409955:d>

[opaque torrent]

What is colorcolor?

[orchid field]

black and pink

both colors

[echo scaffold]

wow

[opaque torrent]

Ohh jeesh lol

[echo scaffold]

i cant believe there are people who think it is okay to continue without her

[orchid field]

its hard to imagine a newjeans wihout mhj direction and concept

[echo scaffold]

i believe the members dream of bigger stage and they have ambitions

[orchid field]

i've never experienced a gg so authentic it's hard to imagine it not being the way it is

[echo scaffold]

and only in collaboration with mhj it is possible to reach the dream

[twin cypress]

I feel like if hybe gets control of newjeans there is going to be a lot of fighting between the direction the girls want to go and the direction hybe want to go. Kinda how g idle fights with cube a lot

[echo scaffold]

it is already clear that they wont be the most loved one in hybe

[copper jetty]

I'm not surprised if hybe makes them the next fromis_9 or Gfriend.

[orchid field]

i mean we can just take a look at the hybe labels youtube chanel's most recent shorts. 0 newjeans. what the f

[echo scaffold]

have they uploaded any shorts of newjeans

[copper jetty]

Like even a short of their bbg mv?

[twin cypress]

If they did it would’ve been after the Zico reels

[echo scaffold]

like have they ever uploaded any

i think its possible ador just didnt want it

[orchid field]

plausible

[twin cypress]

No they haven’t the only thing newjeans related was minji appearing in the first 2 shorts ever posted advertising the global audition

[copper jetty]

That's 2019? That's been 5 years

[echo scaffold]

maybe ador is not interested to ask for it

and hybe is not interested to do it by themselves aswell

[orchid field]

see this part doesnt make sense because it should be in their interest to promote all sub label's groups

[twin cypress]

If hybe cared about their product’s success they would’ve still posted them at least once 🤷‍♂️

[old cypress]

super shy no?

[copper jetty]

Maybe they didn't care because it wasn't affiliated with bang shit hyuk.

[old cypress]

nvm it was on newjeans account

[twin cypress]

https://youtube.com/shorts/NK-kD2cH0VY?si=x4ghi-SvlU_ctNM4

[old cypress]

it's whatever, nobody checks hybelabels shorts

[orchid field]

HAHAHAHAHH if you go to the hybe website now bubble gum mv is the first thing you see

[unkempt roost]

this is getting into confirmation bias territory guys

[orchid field]

that's fair

[copper jetty]

True my bad

https://x.com/allkpop/status/1784979078237376708?t=3m8hS1KwgySaKGy3SA_cLQ&s=33

allkpop (@allkpop) on X

Legal experts state it would be difficult for #HYBE to establish criminal charges against #ADOR CEO #MinHeeJin
https://t.co/nhrUgubn26

Twitter · Apr 29, 2024, 4:12 PM

[echo scaffold]

The cult thing

[copper jetty]

Is this the same legal posts that were here yesterday?

[echo scaffold]

is really huge, even the current president and the leader of congress' first party leader is involved

[copper jetty]

With that dahn cult thing?

[echo scaffold]

yeah

its not a rumor, they are involved and its matter of how deep

congress' first party leader follows the cult leader on twitter

and the president appointed chairman of communications standard commision

appointed chair man is husband of principal of the danh world foundation school

[outer canopy]

any updates today?

[mild mist]

allkpop :- don't believe it

[steep torrent]

*x -c https://x.com/phamkuromi/status/1784954523037126948?s=46

[harsh dove]

@Phamkuromi <t:1714401295:d>

Oh just found out that Director Shin Woo Seok and Calm Down Man checked in with NewJeans' welcome poster at Incheon airport. 🥺

NewJeans used to appear on Calmdown man live to promote OMG, and he also made a cameo for OMG.

[steep torrent]

we might still have a chance for another shin wooseok mv

[old cypress]

where's shin wooseok in the tweet? I'm confused

oh it's the poster

[serene cloud]

https://imgur.com/txF3NKJ

[acoustic valve]

he tweeted the picture at airport. he and calm man went to thailand 2gether, they bros

[serene cloud]

Question: so there is no recourse to stop the general shareholders meeting right

Or is there something she can still try to do legal wise

[lethal hound]

BTW whoever translated this is wrong. The korean news article states it was 20% and 3.5 billion won was given to MHJ. Hybe further invested more money to continue partnership and Ador. (It does NOT say 3.5 billion won loan FOR 20% )

The translator is taking advantage of the news article paragraph where it mentions the loan and the shares but they are not related. MHJ shares comes from a put option call that was negotiated in the beginning and called upon recently. No personal loans from Bang PD to MHJ

[twin cypress]

I was going to say usually stocks are handed out directly by the main company to the ceos without having to buy them. I was suspicious when I saw they said it was a loan that she used to buy the 20%

[lethal hound]

20% plus the loan was given to MHJ (Not 20% for a loan. this is stupid)

[old cypress]

As expected. I knew it meant more funds for ADOR's day to day operations

[lethal hound]

^ yeah its essentially trying to say that

[hoary frost]

is there anything TMI translates correctly

[old cypress]

bts news probably

[lethal hound]

LOL im reading tmikpop account's historical tweets and..... yeah no one should be taking this account seriously

[hoary frost]

thats why international kpop twt is full of misinformation and fanwars

language/culture barrier added to biased translations just creates so much mess

[lethal hound]

yeah i can see that happening. Dont Chosun and Donga have an english section?? they usually have in-house english speaking journalist writing english articles too on their site no?

[old cypress]

but even google translate was clear

[hoary frost]

I think they do, but not sure if they translate on time

[lethal hound]

Ahh yes it takes time i see. Yeah chatgpt this for unbiased translation but i can see why human translation can take time. it takes me forever to translate too

[hoary frost]

being worse translator than google trans is such an insult

[short laurel]

Use paoago translator for korean actually. Google translator misses way too much. Papago is dedicated korean app so it dies better with korean

[hoary frost]

i use papago

[short laurel]

Ooh i missed your point. :v

[hoary frost]

how does chatgpt work? just ask them to translate?

[lethal hound]

Yup chatgpt speaks korean as well

[hoary frost]

chatgpt unnie

[short laurel]

Would be interesting to c how ai models changing translating algorithms

Won't be long when googles gemini is better translator than google translator

[acoustic valve]

also because by definition international kpop twt is formed of a group of people defined by their parasocial relationships with popstars half a world away that they share no culture or language with. Allegiance and loyalty to whatever their favs are will always trump understanding, reason and logic. It doesn't even matter how large it grows. TBH, most online spaces are like that, kpop just makes it even worse

[lethal hound]

Yeah im interested in AI changing translating algortithms too. Google translate is too dictionary conversion.. it does not account for grammar sometimes and cultural pretexts

[hoary frost]

agreed

[old cypress]

https://vxtwitter.com/tmikpop/status/1784943979177353259

the hearing on the 30th 💀

[lethal hound]

If what tmikpop is saying is true (since this account is biased) im thinking MHJ dont want a board meeting for the official firing of her

[old cypress]

yes she refused to hold the board meeting but the court hearing is due in a month or two

[hoary frost]

is not it tomorrow

[short laurel]

It's already 30th april. Court hearing is today

[lethal hound]

yeah... whatever side ppl are on. it does not look good for her

[hoary frost]

yeah well we can tell

[old cypress]

there is nothing planned on the 30th

[hoary frost]

free newjeans from bang sihyuk clutches

[acoustic valve]

of course it doesn't look good for her, she's a lone woman who's maybe a 2 digit millionaire against a man worth $1.9B USD and his entire fcking conglomerate. What did any1 expect?

[short laurel]

Articles says hearing is today 30th april

[lethal hound]

Saudi fund coming through with that 100 million $ USD investment

[hoary frost]

saudi its perfect time for kpopwashing

[opaque torrent]

The court hearing is today, not the board meeting

[short laurel]

Is saudi even interested in kpop. Since it's very religious country n kpop kinda music n dance is considered haram.

[old cypress]

What court hearing?

[hoary frost]

pls theyre investing in anything

[lethal hound]

Saudi invested Kakao entertainment so maybe likes kpop i ono

[short laurel]

Oo

[opaque torrent]

Since MHJ rejected the request to convene the ador board meeting today, HYBE has to get the court to mandate it. So the court is reviewing it today

[hoary frost]

court will grant it. im sorry bestie

[opaque torrent]

Yeah we all know that

[acoustic valve]

Not to get political; but let's just say there isn't a single pie that saudi funds don't have their hands in. They definitely do not decide how their money moves based on morals, or even political allegiance. Money is money for saudi funds

[opaque torrent]

But we don’t know when

[hoary frost]

mhj delaying the process for few hours so she can finish NJ1

[short laurel]

She's just trying to delay until nj current promo done

[old cypress]

dang I missed the latest news in pinned, ty

[lethal hound]

I agree but in my head im hoping MBS sees this oppotunity and might be a way to take something from Hybe by buying out Ador and giving it to Kakao

[hoary frost]

whats mbs

[short laurel]

Kakao or hybe 2 evils

[hoary frost]

music bank show

[lethal hound]

crown prince of saud arabia that is in charg of the saudi fund PIF

[hoary frost]

ahhh

[short laurel]

Man would be messy sm already stuck with hybe n kakao.

[old cypress]

That was fast, previous articles were expecting a few weeks before the court hearing

[opaque torrent]

Oi let’s not get involved with SA

[short laurel]

Court hearing is today but boarder meeting will take weeks. So it's like she delayed it for weeks

[opaque torrent]

I hope it doesn’t come to that (having Saudi investors)

[hoary frost]

i will wake up with trillions tomorrow and buy ador

[lethal hound]

fine Kakao or coupang investments then

[hoary frost]

Kakao has too many issues

[opaque torrent]

There are so many scenarios I think another one was the shareholders themselves voting?? @acoustic valve talked about that too?

[hoary frost]

hybe wrecked them big time for sm thing

[lethal hound]

could be a revenge oppotunity

[hoary frost]

plus i think fss or whatever is on kakao ass because of monopoly (?) issues

[acoustic valve]

I think the missing link isn't whether people are willing to buy ador because plenty are. What matters is how much Ador is worth to different parties; need to find a buyer that values the purchase of ador at a higher price than Hybe values not-selling Ador.

Hybe has a lot of incentives that pushes that price way up; beyond what any reasonable buyer would pay. Some of these reasons including: BSH's obvious personal vendetta against MHJ, Hybe not wanting to set a precedent of their labels going independent and relatedly, treating this case as an example of what happens if their other sub-labels gets similar ideas to Ador. All of these reasons and more would make Hybe not sell Ador for anything even remotely close to a fair value.

[hoary frost]

yeah theyd rather delete ador and nj

[opaque torrent]

Ador could be under kakao like starship and highup

[lethal hound]

There is another way, private equity firms can just buyout NJ contracts and leave Ador and MHJ creates a new label

[hoary frost]

FTC will have to review Kakao purchase and they might not allow it

[old cypress]

kakao is as bad as hybe

[lethal hound]

Okay screw kakao, just any Private equity firms

[hoary frost]

at least their chairman is not music producer

[short laurel]

Kakao is worse. 1 week shipping delay on all sm albums.

[acoustic valve]

The full price of the contract would be too much, would need to find a way to reduce it, probably through legal means but no idea if that's possible

[hoary frost]

real. they suck

[short laurel]

Seriously so many mushows lost cuz of this delay

[lethal hound]

Yeah i agree. Private equity firms probably thinks the penalties are too high for investment

[acoustic valve]

Kakao's bad... but in different ways. I ironically think Ador would've worked perfectly under Kakao's structure

[short laurel]

Or somehow hybe stocks go soo down korea pension force bang to resign.

[hoary frost]

reality: nj will stay under hybe without mhj, they have to follow bang pd direction, watch them tour every 6 months in usa and asia. they will not renew after 7 yr contract is expired. welcome actressjeans

[old cypress]

I don't know, suit and tie people tend to creep over profitable activities

[acoustic valve]

or u know, BSH chokes on some greasy pork belly tonight and falls into a permanent coma. anything is possible

[lethal hound]

LOL LMAO

[old cypress]

Even if they say "don't worry you'll be 1000% independent", it won't change much; just look at hybe

[short laurel]

I feel like parents would try to get girls out somehow?

[hoary frost]

if they have 1 trillion

[lethal hound]

Or pull a 5050

[short laurel]

Nj contract isn't worth 1 trillion

[hoary frost]

its worth 150million acc to articles

[short laurel]

Usd?

[old cypress]

It's not worth losing money over contract penalties

[hoary frost]

yeah

[lethal hound]

Its upwards of 100-200 million $ USD

[acoustic valve]

The difference is we didn't know Hybe had the over-inflated ego and pride of BSH running it, if this was purely about what rationally makes the most financial sense for the whole company; Hybe wouldn't be where it is now in regards to Ador

[hoary frost]

210 billion won excluding damages to brand deals

thats why i said lets start gofundme

[lethal hound]

korean won and japanes yen is falling so could be a steal.. jk

[old cypress]

yeah but for kakao or any company, the most financial sense is to work idols as much as possible so they generate as much profit as possible

[hoary frost]

was 5050 forced to pay penalty

hybe will bury them. its SM but on steroids. i might get chills

[lethal hound]

their penalty clause was different but 5050 got their contract thrown out favorable to the label

[acoustic valve]

Ador is making good money, more than any other non-BG in the company and the highest profit-margins.

[lethal hound]

So 5050 got 0 payment so they got screwed

[short laurel]

So nj will become fromis...

[lethal hound]

this will be my predition

[old cypress]

yes but it can be increased YoY. It can be more

[hoary frost]

chile...i might faint

[acoustic valve]

it's certainly not going to be more now without mhj and this public spat

[lethal hound]

the only way out i see is the saudi and the singaporean fund pulling a crazy

[hoary frost]

public opinion might change as soon as the case is established and they start getting mhj

thats why im worried for nj.

[short laurel]

I doubt hybe can do anything to recover Korean go favour. Seriously doubt returning bts members are enough

Since it involves cult

[lethal hound]

Also arnt GFriend a victim of hybe too??

[acoustic valve]

if this was china, public opinion might matter, but this is SK, it won't matter much

[hoary frost]

now its going crazy but once it calms down, main topic will be contracts stocks and actual management issue. hybe painting mhj as greedy and ungrateful will not help nj image either. esp if any of the accusations are actually proven

[hoary frost]

yeah... everything dies down eventually

[old cypress]

the cult allegations prob already lost credibility since it's tied to all kinds of weird shit

[hoary frost]

we should brace ourselves and prepare to cry during tokyo dome

[acoustic valve]

I got a feeling the girls will do a lot of crying themselvees...

[hoary frost]

bsh will get karma for this.

[hoary frost]

[short laurel]

Public stocks in hybe it does somewhat.

[old cypress]

I still don't think mhj will be ejected. She will reach a deal with hybe before

[short laurel]

Gfriend disbandment was so out of nowhere that even girls were surprised

[lethal hound]

did you see that anger text from MHJ to Jiwon?

aint coming back from that

[old cypress]

Yeah but there's newjeans. Will MHJ leave Newjeans ?

[acoustic valve]

The stock market does not represent the public, far from it in fact. It represents a relatively small group, a group that is wealthy and values numbers more than anything else

[lethal hound]

she might not want to but she might be forced too

[short laurel]

Ofc but that doesn't mean companies value won't be affected with the way hybe handling it n how big of a news it's making. At the very least hybes clean image is gone

[hoary frost]

i love coping too

[hoary frost]

does naver finance discussion room represent it

[old cypress]

Everything started with the shareholder agreement renegotiation. MHJ wanted the put option on the 5% and the 30x multiple that's how they fought

[lethal hound]

From the text it seems like they were fighting before that

[old cypress]

yeah but it got beyond repair at that point

[hoary frost]

does not hybe want ador to be affected so they can buy mhj shares for lower price

[acoustic valve]

oh yeah, hybe is definitely taking a hit. It's just that it only matters as far as it can affect BSH's intentions... and I don't think he's letting this go even if 100% of GP is against him, it's alrdy close to that anyway

[acoustic valve]

that's basically the same as r/wallstreetbets no?...

[hoary frost]

yes tbh

[lethal hound]

what is GP?

[short laurel]

General public

[old cypress]

BSH only owns 30% of hybe, he's not immune to pressure from other shareholders

[short laurel]

His brothers company is largest shareholder after him so he is kinda

[hoary frost]

shareholders are all his besties minus pension fund

[old cypress]

everyone with a brain can see that newjeans is better off with MHJ. The biggest problem for hybe is MHJ wanting a 30x multiple on her put option

[hoary frost]

there is no light in this tunnel

[old cypress]

since it'll cost them way too much

[hoary frost]

what a world we live in..

[short laurel]

Only 1 option left. Breech of trusts. Terminate girls contract n let them go. Others suffer in jail : 😭

At the very least hybe will get some dmg. N girls will have freedom

[hoary frost]

what happens if ador terminates contract with nj

[short laurel]

Ador staff will be in big trouble

[hoary frost]

ador staff better pray theyre not kicked

ador got only 38 employees

[short laurel]

Someone said earlier if they terminate nj contract. Hybe will have valid reason for brech of trusts n there will be lawsuit but girls will be free!

[hoary frost]

I support women's rights and wrongs

lets be free

[lethal hound]

lawsuit

[hoary frost]

well tbh everything is up to parents. nj were all minors when contract was signed right

[acoustic valve]

If MHJ is pushed out, it won't matter too much whether the girls leave or stay immediately anyway. They can't work together until MHJ's non-compete is over. So in that sense, everything hinges on that first. Maybe if they can shorten it to only a year or two. The girls will plan to find a way to leave Hybe by then.

[short laurel]

That's not what i m saying

I m saying it's better that girls get out n do something ekse than sitting under hybe alone. Especially with hybe forcing their counseling.

[lucid yarrow]

and hope for the love of god Hybe really not cult

[acoustic valve]

yeah i know that's what ur saying. hm, I guess that's a possibility, just don't see how the maths works out for them in that case. As bad as staying in Hybe is, it's probably not bad enough to consider going through all the penalties and still not be able to work with MHJ

[hoary frost]

7 yrs is a lot. i want newjeans to continue having fun and enjoy their life. i dont want it to turn into obligation.

[short laurel]

That's why i was cooping about contract termination. In that case it's adors board that is in trouble but girls 100% free.

[old cypress]

I think that if HYBE has a call option to acquire MHJ's shares in case she doesn't complete her CEO tenure, then firing MHJ will essentially give HYBE 100% ownership of ADOR

[twin cypress]

honestly since you brought up parents it reminded me why is hybe reportedly trying to talk to the parents instead of the njs members. is it because the members arent trying to talk to hybe so hybe has to resort to reaching out to the parents?

[old cypress]

Apparently it's standard practice to have a safeguard like this. If true then HYBE has a vested interest in firing MHJ and it's not really a battle of egos

[acoustic valve]

Assuming the board has enough empathy for the girls to take that penalty, the girls would also probably have enough empathy for the board to not let them suffer such severe penalties for an outcome that isn't that much better anyway. The point is that they get to remain with MHJ and her team, they won't get to eitherways under this scenario (unless MHJ's non-compete is abolished)

[short laurel]

Wasn't that hybe refused to talk to parents 1st?

[hoary frost]

majority of them signed contract as minors. they also have minor members now. its natural to reach out parents first as parents felt distrust towards hybe

[short laurel]

That's why i was coupion

[hoary frost]

yes

[short laurel]

They only contacted them after mhj called hybe out on this xD

[hoary frost]

they refused to explain delayed debut. they did not communicate with them regarding current events either

[acoustic valve]

I've seen sources going for this angle, but honestly it seems like slight mediaplay by Hybe. None of this makes financial sense considering how much MHJ is worth to Hybe in terms of creative and brand power. Even if she did kick up a fuss every now and then inside the building.

[old cypress]

they might have a calculation between paying for 20% of ador at a bargain price now versus having to pay 20% of ADOR later at really expensive price (since the put option is calculated based on the 2y average operating profits of ADOR x 13)

not to mention that mhj wants to increase it to x30. They might have calculated that they'd make more money by firing mhj now even with the lower projected sales

[hoary frost]

backstabbers

[old cypress]

This is the only thing that makes sense as why HYBE wants mhj out, for me

[acoustic valve]

I think it's a factor, but to blow it up the way it did? When they could've just continued negotiating? It's not like they had to agree to anything mhj asked for. BSH's ego and pride is definitely coming into play here, at the cost of what makes the most financial sense. Perhaps not too surprising, because it's the same thing for MHJ

[old cypress]

they probably didn't expect to lose the PR battle

[acoustic valve]

That's for sure, nobody could've predicted MHJ's press conference

[old cypress]

now either they keep through or they reach a deal with MHJ about the put options

[hoary frost]

thats why u dont go against creative ppl!

[short laurel]

No it's doesn't make sense financially. They could've fired her without going public. The fact they made it public is definitely ego issue

[old cypress]

they can't fire her without making it public, they probably wanted the public opînion to side with HYBE so everything goes smoothly

[short laurel]

No. Orivate company. Public opinions does not matters. They could've nade it public after court case.

[acoustic valve]

I don't think they had grounds to fire her eitherways, the mediaplay was to create a situation where they can claim "Keeping her on will damage Ador's value too much and thus we are firing her", and then MHJ will be trapped in a years long court-case to prove she was unfairly fired, and probably lose because public opinion will matter in this case

[vale grove]

Hi guys any news since yesterday

[short laurel]

They went to public too early n too aggressively.

[old cypress]

and IMO they're doing it only because of money, not because of fragile egos or whatever

[acoustic valve]

nah, u seen those texts from bsh? in particular about aespa and his sourness at NJ getting on BB100? That man is petty as fuck

a pathetic goblin and ghoul of a man

[old cypress]

yeah but I don't think they're doing it because of that

[short laurel]

Still things started too early. It doesn't make sense no matter how u spin it. Media play the way they did it was far too aggressive. If it was about money keeping her the way she doing things n keeo negatiating longer made more sense

Mhj value is not low especially with nj.

[acoustic valve]

yeh, literally what I'm saying haha (not in that msg, but I agree with ur overall point)

[old cypress]

Negotiations reached a dead end it seems

hybe decided to go with the nuclear option. Either to strongarm mhj into accepting their conditions, or to fire her. In either case it's a win for hybe

[short laurel]

Still could've done more. Going public just burnrd all possible options for everyone

[urban orbit]

where you hear this?

[old cypress]

just my assumptions

[urban orbit]

oh

[short laurel]

Not really a win I'd say. Hybe still lost money. Theyll probably make it back with bts members returning soon. But i still say it's not win. They distroyed their most popular gg

It's just win for bangs ego

[old cypress]

realistically newjeans won't be destroyed. Fans will still buy their albums to support the girls

plus initially on this thread a lot of people wanted mhj out, hybe mediaplay did work to some extent initially

[short laurel]

With mhj gone we don't know their future path. Itll be definitely be different or even end as fromis. But could've bern more if mhj sticked

[old cypress]

A lot of you liked illit so whatever hybe will come up with newjeans it won't be too bad

[acoustic valve]

MHJ's creative and brand value is a real thing, there's no future where an ador without her is worth more than if she stayed. It's hard to think an arts-based industry won't understand that point. Especially since it's publicly acknowledged anyway even outside of industry insiders

[urban orbit]

i dont want these girls to get affected if she leaves. she was a mother to them and its going to b tough on em

[old cypress]

unless hybe has to buy 20% of ador when mhj exercises her put options

currently it's worth 100B iirc, and that's based on the first 2 years. The first year, ador operated at a loss.

that value is guaranteed to explode so the amount hybe will have to spend increases dramatically

[hoary frost]

i dont approve hybe creative or music direction, in this essay i will..

[upper solstice]

IT’S OVER

[short laurel]

I don't even know illit members name. All i know is magnetic, people called them like newjeans be4 drama. Now after drama ppl saying "but they are not like nj".

[hoary frost]

lets not drag back this topic to them

[upper solstice]

Was the statement that MHJ was going to leave Jan 2025 from hybe?

[hoary frost]

yeah, it was said here

[short laurel]

Mhj nvr said she leaving. It said she has option too

[acoustic valve]

this theqoo comment sums it up for me: Men can't distinguish between personal and professional matters when it comes to jealousy... it's gross.
whether u think it's a gender matter is debatable, but it's definitely true in the case for BSH

[urban orbit]

options so complicated. ive lost hundreds

[short laurel]

The contract is complicated. We don't even know full details of it

[urban orbit]

yea and media just releassing bunch of untrue rumors

[short laurel]

Yea

[old cypress]

the media is also releasing takes from lawyers but yeah a lot of unconfirmed stuff

[short laurel]

Basically majority of discussion we just had are all speculations.

[urban orbit]

at this point theyre just finding stuff to itch or hate about hybe and mhj

[short laurel]

I actually love when they hate on hybe. Theyve accumulated alot of brainrot twter fans. They need haters

[hoary frost]

whats important is how police stuff, court stuff snd shareholder stuff goes. i got Zero.mp3 hopes. let me convert to religion again and pray

[short laurel]

Join hybes cult n pray to all might hybe god

[hoary frost]

i only pay respects to Bernice cult

[old cypress]

I think that the police stuff isn't very relevant since even if the breach of trust charges are dismissed, hybe will still able to fire mhj.

it's prob just mediaplay

[hoary frost]

its important for public!

[short laurel]

Mhj lossing is confirmed pretty much(like 90%) so yea

[hoary frost]

10% being thoughts and prayers

[short laurel]

Yea

[acoustic valve]

in this case, MHJ might have a case for suing Hybe for being unfairly fired, which creates more options

[old cypress]

yeah but it'll take years

[short laurel]

Hybe needs an external audit

[old cypress]

Personally I think hybe will reach a deal with mhj moments before firing her

[short laurel]

Honestly bridge for deal is long burnt. That mediaplay was waaaay toooo much. So idk if hybe will do that or she'll agree

[urban orbit]

dont think she'll reach a deal if she doesnt take the girls with her

[acoustic valve]

SK needs to be a society where billionaires cannot do everything they want with impunity, well that applies to most countries, but still

[hoary frost]

its hard to be a child of divorced parents

[old cypress]

hybe can make her choose between newjeans and money

[urban orbit]

she mentioned though money is not an issue to her.

[hoary frost]

we choose newmoney

[short laurel]

Problem with sk is it's those few billionaires that's keeping their gdp high. Like samsung practically own majority of sk. Land is too small low of resources. Without them sk society will be hard

[acoustic valve]

Similar issues almost everywhere else, at a fundamental level; those billionaires are rich because of the Korean people, not the other way around

[short laurel]

Other society will still be fine. As for korea their companies are basically all over the world. They not have much natural resources to begin with.

[old cypress]

then hybe can very well say "hey, we remove the slave contract clause and you keep full independence at ador, but you sell your shares back to us"

[urban orbit]

that is very true as well.

[old cypress]

and if she accepts, everything goes back to normal

[hoary frost]

hybe can pressure her a lot w full stake

[short laurel]

Then next day the 100% owner now hybe fires her on grounds of misconduct orive implanted by hybe

[urban orbit]

I hope she spills all the dirty tricks that HYBE does if they end up firing her

[hoary frost]

we need kakaotalk leaks of park jiwon and bsh

[old cypress]

yes and no. If the bylaws guarantee ador full independance then hybe can't do anything without changing the CEO. It's been that way until now despite hybe owning 80%

[urban orbit]

what's a bylaws?

[acoustic valve]

like an artist contract; but for companies

[short laurel]

Bylaw everything that happened so far wouldn't happen cuz no ine follows law

[urban orbit]

gotcha i see.

[old cypress]

the contract between hybe and ador sort of. It's been like that until now

hybe owns 80% of ador but can't interfere bc of that. Only way for them to intervene is to remove the CEO

[short laurel]

But like all ador staff sre mhj people. Withh 100% ownership they might try to implant their own people when they try to make agreement with her.

[old cypress]

They will implant their own people at the board probably, but the CEO is the one who handles the business not the board

[short laurel]

Still can influence decisions in future. Like leaving a tumor unattended

Or time bomb.

[old cypress]

Probably not. But that's enough theory for tonight lol

[short laurel]

We yapped alot tonight

[old cypress]

I don't want to mislead people who comes here so i'll stop

[hoary frost]

[short laurel]

Yea desclamair: everything said until now are all speculations based on articles on pins which in itself are mostly speculations

[outer canopy]

So if the court hearing tomorrow isn't in favor of Hybe, what happens next?

[short laurel]

Everyone except hybe wins n everything goes to normal.

But chances of hybe lossing is close to 0. With any decimal remaining being thoughts n prayers.

[upper solstice]

i dont want to be forced to listen and watch hybe slop

[acoustic valve]

if it was up to BSH we'd just be getting Hype Boy regurgitated once every 6 months. Not surprising since he's exactly as toxic and competitive as the average kpop fan, and thats what kpop fans complained about every NJ release "Oh, i wanted hype boy instead"

[old cypress]

hybe boy girl crush

[dry atlas]

[serene cloud]

too lazy to look: if she gets removed, what happens to her stock? does hybe automatically get it back/buy it back?

[acoustic valve]

tbd

[old cypress]

according to lawyers, the standard practice is hybe has a call option to buy her shares back at a low price, but impossible to tell without looking at the shareholder agreement

[serene cloud]

[old cypress]

https://n.news.naver.com/article/366/0000989305 this gives more details

[tawdry vessel]

dont lose hope, mhj has a chance in winning this against hybe

[serene cloud]

one thing i just realized: if she was so keen on leaving, was the boy group auditions a show?

well i guess they would have bought the trainees too (in the scenario where a buyer comes in)

[twin cypress]

She wasn’t keen on leaving at all 😂. 18% shares means she is stuck for life unless hybe lets them free. She was probably super frustrated with all the behind the scenes drama that ador people were writing their frustrations out

[acoustic valve]

damn, the press conference's full transcript, not even including the questions from reporters is almost 16000 words when auto-translated. That's like a 60-page book

[valid sierra]

imagine suffering this much because ure very good and successful at what you do. damn mhj got it bad

[acoustic valve]

people should be rewarded according to the amount of value their work generates, and not who has more money. socialist revolution when 🫡

[fervent yacht]

tbh i never thought id see the day that mhj is the hero in a situation...

[waxen musk]

I do wonder if MHJ being "tortured as a slave" while being at Hybe is something she can accept if it means she continues to do what she wants for NewJeans and the girls. Of course this is an extreme hypothetical unlikely to happen.

[acoustic valve]

tbf, not every1 buys into all the slander about mhj even back at the start, some of us just find it too tiring to argue against some of the most annoying people on the internet

[fervent yacht]

true

[opaque torrent]

bang pd is in a cult. has allegedly exploited two female creatives for their labor and ideas and never fairly compensated them. he is currently maxmizing his resources to bury another one. wants to invest in shady models that are environmentally detrimental and undermines more creatives.

known for overworking BTS and scrapping groups without second thought (gfriend, trainee A)

mhj has only been known for her work in all of the 20 years she was at sm. she worked from the bottom up and was never involved in any drama. is constantly praised by her industry peers and some have gone to become great friends with her. has made sure her first group is properly compensated, well rested and get to see their families despite being rookies (the years where idols hustle the most)

its been easy for me to support mhj

[neon kelp]

https://youtu.be/aWlhA38LSS0?si=Xp1C-G77JB5OrcJN

they really made a meme out of this

[timber shell]

nah that mhj ppg 😭

[neon kelp]

lol

[nimble stream]

4h left

[arctic sky]

of what?

[steep torrent]

someone said its basically a marilyn monroe jayne mansfield type of situation?

how accurate is that? idk anything about that lol

[nimble stream]

Board meet

[opaque torrent]

https://n-news-naver-com.translate.goog/mnews/article/421/0007511224?sid=102&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

this article is trending. hes a very popular commenter sigh. i hope her side responds

[marble cape]

what does it say?

oh nvm it translated

[opaque torrent]

ok i was under the impression that the "30x" demand came from hybe's official rebuttal

but that was just a number leaked to the media. hybe isnt liable for it being true or false

[serene cloud]

https://vxtwitter.com/soyamoyas/status/1785156022178554323?t=vqGKSz40AdMH8mEVN8sxWQ&s=19

[lethal hound]

https://www.youtube.com/watch?v=PJ3C_KFswco

LOL people online going goofy with this

[opal zodiac]

subbing press conf. rn, whats the best way to translate what she's being accused of legally? 배임- breach of trust or malfeasance?

[serene cloud]

I've seen breach of trust but idk if that's accurate

[ocean arch]

[opaque torrent]

Breach of trust bc that’s what’s used in most eng articles

[arctic sky]

respect

[tawdry vessel]

but what? I don't have a twt acc so i cant view the second part

[sudden frigate]

same like numbernumber. 5050 😅

[valid sierra]

https://www.tiktok.com/@kozico0914/video/7363242051581873426?lang=en
bro this is kinda sad, look at the comments

[harsh dove]

@kozico0914

[arctic sky]

"i thought they were NJ" ?

[sudden frigate]

That's not cool tbh 😦

[opaque torrent]

kpop stans are such scumbags

[tawdry vessel]

go tell hybe and leave the members alone

[lethal hound]

omg i just saw the comments

[half knot]

Corporate malfeasance would be the more technically accurate term, but your viewers might not understand it, so you may have to leave a note as to what it means.

[fervent yacht]

...

hey i was watching that

[serene cloud]

[hoary frost]

just thinking about the jamboree incident got me all worked up... we don't know if it was hybe or ador that pushed them there last minute, but i got a feeling ador didnt like it.. i pray mhj can stay to protect the girls

[acoustic valve]

me too... or please let the lawyers find a legal loophole where they can all leave...

[opal zodiac]

mhj claims she was offered the role of CEO at SM before she left right?

[acoustic valve]

according to auto translation of the transcript; yes