NJZ Updates and Discussion

[valid sierra]

staedtler is best, the goat himself confirmed

[half knot]

blade sharpened too at that

why would HYBE want to destroy what is quite literally a cultural phenomenon at this point with NJ? MHJ is their best asset, she literally inadvertently gave them the formula and blueprint that they've been following for nearly two years. I will never understand such ego and greed...

[twin cypress]

cause they cant control them easy as that

[acoustic valve]

MHJ is a cultural tour de force for Kpop, bringing a level of artistic legitimacy to the field that is unseen, it's amazing that a company like Hybe is intentionally trying to tear it down when they're literally making money from it. The ego of BSH must be fcking insane

[twin cypress]

mhj keeps newjeans aways from them and other labels

[acoustic valve]

Look, I love the girls and think the NJ brand is phenomenal, but if Hybe doesn't see that MHJ is at the core of this, then they must be blind. Only explanation is that they see it, but BSH's pettiness is so great that he'd want to tear it down instead if he can't put his name directly on it

like will Murakami want to work with NJ without MHJ? Will Tony Leung guest star for free in an MV? Will they get another call from Apple?

[neon kelp]

Yea the ego is so big cause that fatty is literally asking for to get beaten up at this point

[rain spade]

whyy fatttyyy

[neon kelp]

Why not lol

[half knot]

May 2nd is HYBE's earning report for the past quarter. They were severely under expectation in the previous earning report. If they underperform this time as well (compared to investor expectations), their stock might take yet another hit.

At the end of the day, as we get more actual 'facts' about this contract dispute. HYBE just doesn't want MHJ to exercise the 100B in put options after November, and if she's not CEO, it's likely that it would be considered not fulfilling her tenure and wouldn't be able to get that money.

[valid sierra]

https://fxtwitter.com/giaorinrin/status/1785333346547233165
doing these to trademarked logos is something only newjeans can do

[tiny peak]

yeah the branding and identity is so on point, and partly why they're getting these opportunities ... HYBE still doesn't understand that for their groups (at the very least come up with a name that non-koreans can pronounce)

[half knot]

not to mention getting warner to agree to them using powerpuff girls imagery

I don't know how she does it, but she should not be stopped from continuing to do this, literally was turning around expectations of kpop and perceptions of it, but now, we have this.

[valid sierra]

still cant get over the fact that apple agreed to that

[half knot]

somebody at the top of apple really liked nj lol

[neon kelp]

Yea they did

[half knot]

maybe somebody should tweet to tim cook if he wants to buy a kpop company lol

[quick wadi]

ill buy them

[valid sierra]

i saw an aritcle before, tim cook was the one who approved it

[acoustic valve]

Wait, so there's a possibility of MHJ to invalidate this shareholder's meeting and remain? Or nah?

[tiny peak]

so is there a possibility ador can just drag this on for a while?

[half knot]

yeah it'll go to civil court for wrongful dismissal

it's really in both parties' interests to settle this before it goes to court tbh

and most such cases DO get settled out of court before they get too messy

[tiny peak]

i have a feeling, the longer this drags on, it's just going to make HYBE look worse

[harsh dove]

:warning: Tweet with id 1785306599973650597 does not contain any media!

[half knot]

but somehow with this one, we started at peak mess and now they're gonna have to figure out how to climb down. Usually it's the other way around smh.

[ripe mango]

https://x.com/omgakgae/status/1785306599973650597

i woke up reading this on twt XD

[acoustic valve]

unpopular opinion: MHJ knows how to dress and she dresses the way she does precisely because she does. She's a non-conformist and prizes satisfying her own aesthetics before others' expectations

[half knot]

it's not that she doesn't know how to dress. she's like a very early millennial

[mild stratus]

https://fxtwitter.com/omgakgae/status/1785306599973650597

[half knot]

dressing like it's still the 90's is literally how millennials dress. and all of NJ's concepts hinge on that point

it's like how baby boomers never moved on from the 70's styles

I don't know what styles zoomers will be nostalgic about in 20 years time but I hope they don't miss the hairstyles of this era lol

[vale grove]

Any new relevant info?

[waxen musk]

I'm still going through a rollercoaster of emotions with this situation. I've never been so worried and then hopeful in my life.

[outer bone]

ya but thats for egm tho Min heejin has more leverage in board of directors right? which is why im confused why hybe would call for that

didnt mhj refuse it at first and then hybe took( or threatened?) legal action which basically forced them to have that meeting

[dry atlas]

so what i remember is hybe wants ador to hold a bod meeting, and they're gonna be voting on replacing the ceo/whole bod?

so when ador's lawyers said yesterday that they'll proceed with holding that bod meeting, can we assume it'll be a formality and they vote no?

[acoustic valve]

hybe wanted a shareholders meeting, which is where the bod would be voted out, ador refused to hold it at first. But now the court has mandated a date it has to happen

[dry atlas]

5/10 ADOR BOD Meeting
5/30 HYBE General Shareholder's Meeting
https://m.entertain.naver.com/now/article/112/0003694693

so they convene the BOD 5/10 to call for a shareholder's meeting end of may?

how does it work

[serene cloud]

https://vxtwitter.com/cato_o_o/status/1785493811054989609?t=c9PGIh9yRzt9Yia5xlnVuQ&s=19

[outer bone]

but hybes outnumbered.. adors bod is like 3:1 in favor of mhj right and its obv hybes trying to get rid of bod so why ask to hold one when theyre obviously at a disadvantage

[acoustic valve]

so presumably if nothing changes, the bod will be voted out then, they will cite some reason for removing them, likely the criminal charges hybe is pushing. If Ador's bod is eventually acquitted of those charges, they can file a civil lawsuit against Hybe for unfair dismissal, which could overturn the original decision and incur significant penalties to Hybe... so one wonders how strong their case really is if the only evidence they've hinted so far is so weak

[serene cloud]

Yes, and hybe will seek to vote her out on the 30th... im assuming this is what mhj and her lawyers are expecting since they agreed to it and then it will go to more lawsuits

[nimble stream]

Shareholders' meeting is HYBE's meeting so ADOR meeting wont have any say in it

[outer bone]

embezzlement??

[outer bone]

can someone explain what the point of the 5/10 meeting is

[dry atlas]

https://twitter.com/yuijeans/status/1785513252015026498?t=xLfbb2erBbbTBiqr7eT6fQ&s=19

Yui (@yuijeans) on X

There's a real possibility that Hybe and Min Hee Jin could reach an internal settlement to resolve their dispute. However, should Hybe succeed in removing MHJ only for her to later be acquitted and subsequently win a lawsuit, the repercussions for Hybe could be catastrophic. The…

Twitter · May 1, 2024, 3:35 AM

[acoustic valve]

I'm not sure of the specifics, but typically the bod calls shareholder meetings, so i assume the 5/10 date is to force the bod to call for a shareholder meeting. The BOD will likely reject to call one on 5/10. Once this happens, the shareholders can legally force one to happen even without the bod's consent.

No idea on the exact bylaws involved with Ador, but this is usually how things go

[outer bone]

ohhhhh makes sense now

[steep torrent]

praying hybe doesnt have anymore evidence
https://x.com/cato_o_o/status/1785501481166155955

Cato_o_o (@cato_o_o) on X

HYBE can get a bargain of the century if they can prove MHJ breached contract.

Force buy all of MHJ’s stocks at fire sale prices while keeping Ador with NewJeans which is valued at insane levels currently.

Hit 2 birds with 1 stone.

Twitter · May 1, 2024, 2:48 AM

[acoustic valve]

praying this case gets more and more public scrutiny, will make whatever backroom deals hybe is trying to pull in the legal system become harder to pull off. Because you sure as hell know they got something illicit cooking in the back

[upper solstice]

Mhj dresses fine, idk what that user was talking about. Theyre likely just talking about dressing from the perspective of their own interests

[acoustic valve]

we should normalize casual wear; screw formal attire ✊

[lucid yarrow]

I could see them using NJ to blackmail/guilt her like they will work as slaves to pay back all the money they give her from the loss

[acoustic valve]

hmmm, i mean if MHJ leaves, they will work NJ like slaves to maximize profit even without the threat. So it's not exactly a worthwhile threat. You can't threaten with something you're going to do no matter what anyways

[valid sierra]

https://fxtwitter.com/newjeans_loop/status/1743607297707053348
they should see mhj at gda

[dry atlas]

[steep torrent]

i remember that day everyone was pointing out she wore crocs lol

they're actually doing it..
https://x.com/87ma1/status/1785231155681431836

𝕄𝕒𝔼𝕦𝕚 (@87ma1) on X

えっえっ今見かけたんですけど…🧢

Twitter · Apr 30, 2024, 8:54 AM

[hoary frost]

theyre so evil. i hate it

[lucid yarrow]

hope ppl get to have fun not get fired like that cult person just digging up old news/rumours

[ruby garden]

praying for hybe and bsh downfall idc. They should counter sue bsh for breach of trust for tanking the stock and ruining the image of his company through aggressive mediaplay

[short laurel]

That makes me soo mad. We need preservation laws on this soo bad. Soo much content forever lost. I was pissed when it happened. Soo many people worked soo hard to archive soo much n they just removed it. Fk hybe.

[twin cypress]

I think mhj will if she is proved innocent

She already said hybe was the first to break trust

[ruby garden]

good

[acoustic valve]

Going to become Korea's unofficial uniform for speaking up and pushing back against power ✊

[acoustic valve]

Crazy thing is that Hybe media-played it as "well, the companies didn't want to host it themselves that's why it's all lost", when considering how aggresive they were, it was likely they forced the companies to not archive it themselves

[twin cypress]

If she is proven innocent and sues back with extensive evidence of trust being broken hybe will either have to settle by giving her close to majority shares or mhj will push the lawsuit through and free ador

[acoustic valve]

and this is still how most people understand the situation regarding the loss of all Vlive videos

[twin cypress]

Giving her close to majority shares will be hybes best option to continue making money off newjeans

[acoustic valve]

this is like losing custody of ur children to the abusive husband, and then having to start a long lawsuit to try and get them back

[hoary frost]

[dry atlas]

I'm confused too

[tawdry vessel]

Mhj had plans to get out of hybe but she didn't implement them. Therefore, there was no damage caused by it. She legit has a chance against hybe.

[hoary frost]

we dont know what evidences both party has

[tawdry vessel]

yeah as far as we know of

[twin cypress]

How many days has it been since the audit and still no evidence of mhj leaking idols info to the public? They were going crazy with the slander

[lucid yarrow]

that only one that make me side with hybe at first

[twin cypress]

They found the “plans” of leaving hybe that same day nothing else 🤷‍♂️

[ruby garden]

a plan that wouldn't work without them selling their shares lol

[dry atlas]

after the barrage of mediaplay maybe hybe now keeping quiet to keep the public and mhj side feeling complacent

[ruby garden]

they realized their mediaplay backfired so they're doing it privately now

[lucid yarrow]

mhj already said she doesn't care about drama in kpop she doesn't want to compete just make art and have fun with NJ so slandering other group is so out of character but who knows

[tiny peak]

is this the first time a company hired a protest truck?

[dry atlas]

prolly not

[acoustic valve]

im sure it's not the first, but this obviously? Yes

[twin cypress]

I don’t even get why mhj would slander other groups that ain’t even a threat if we being for real. Isn’t newjeans top 1 gg on melon with no songs released this year?

[dry atlas]

maybe first time it's so obvious

wait is there new truck

[tiny peak]

no new truck, just remembering how ridiculous it was

[acoustic valve]

like who in the fuck says "we side with hybe" with a straight face? And crowdfunds money to send that message? Legit some of the dumbest shit I've seen. Hybe PR team truly think their fans have the intelligence of single-cell amoebas

[tiny peak]

right? if it was real bunnies, it would be about supporting NJ

[twin cypress]

Le sserafim got like 30+ songs out and still can’t out stream newjeans. I doubt mhj would leak info that would harm lsfm to benefit newjeans

[opaque torrent]

https://x.com/maceism/status/1785327993176690955

NECOZE (@maceism) on X

深夜だから話しますがここ数日の打ち合わせにこれで行って緊張感を出しています。

Twitter · Apr 30, 2024, 3:18 PM

[twin cypress]

W fit

[acoustic valve]

all the fast fashion companies gonna be making this now lol

[ruby garden]

I think it's genuinely because hybe executives are literally former employees of gaming companies. They lack expertise in this field which is why SM was so good with their mediaplay when hybe tried to do a hostile takeover

[acoustic valve]

true, hybe lost that one pretty conclusively

[lucid yarrow]

hybe office halloween every1 cult or mhj costume

[acoustic valve]

it's a nice choice for any workplace ngl... like a rly subtle way to say "f u" to ur boss

[short laurel]

Bro on vlive some groups no.longer Exists. What company? Even those companies are gone. Their content is forever lost. So this point they making is invalid.

[acoustic valve]

i know its invalid, doesn't change the fact that if u ever bring it up, kpop fans will inevitably lay the blame of the lost lives on the other companies instead of Hybe itself, when Hybe was actively working to scrub them off the internet. It's crazy

[lucid yarrow]

record on physical media so even if world ends u can still see it or not

[short laurel]

Again. No where it said she had plans to get out n leave. That was all trying of her to get fairer contract.

[hoary frost]

No she had plans in her katalk messages, thats confirmed. But since it wasn't implemented or didn't show intent, it cannot be used against her legally

But even that 'plan' was pretty much impossible, since Hybe would have to willingly allow her to sell the last 5% of her stocks.

[tawdry vessel]

that kakao whatever it's called

[short laurel]

Didn't she said she was just talking. @acoustic valve explain pls. I m pretty sure mhj wouldn't want to suddenly leave nj even be4 thos drama n everyone saying she had plans to leave

[tawdry vessel]

she's taking the girls with her

[white arch]

jackpot

[acoustic valve]

from memory, there were plans/discussions on kakaot. but afaik, all the plans included taking NJ with her, no?

[hoary frost]

yup

[acoustic valve]

In another world, this happened, and it would've been the greatest heist and all the bunnies cheered

[short laurel]

I thought this was her trying to find ways to fix that 5% thing. But why everyone kept saying that she was planning to leave alone then. I c it alot online.

[hoary frost]

Theres so much misinformation online...

[acoustic valve]

because its mhj and people willingly believe whatever makes her selfish/greedy/evil/etc.

[short laurel]

That's why i assumed u were talking about same thing.

[dry atlas]

just saw this

this might be why ador did a 180 on all the meetings

[half knot]

There may be another reason for the apparent 180

by providing such plans to the court, they avoid an actual ruling or even hearing on the matter, as the court would rather see it resolved without having to act and would give them ample time to figure it out before interfering directly.

lawyers are very good at delay tactics to drag things out (and increase their billable hours)

[outer bone]

Are they still doing the audit

[dry atlas]

oooh i get it

[outer bone]

wouldnt be surprised if she keeps delaying that egm she has like no chance in there

[opaque torrent]

i've read this at least five times and still have no idea what its saying

My guess is she wants to get the ugly part over with so she can start building her case to sue should she be unlawfully removed.

[half knot]

We don't really know how Ador's articles of incorporation are written and what safeguards there exist for sudden and without just cause removal of executives especially the CEO.

Lawyers must be all over that to find even a single word that they can use to their advantage.

[serene cloud]

i'm guessing she's being advised to go through with the steps since they can't be stopped and prepare for the lawsuits afterwards

[half knot]

I don't know. We have basically less than 1% of the information necessary to even guess or speculate what is happening and why it is happening that way.

[serene cloud]

that's why I said it's a guess

[half knot]

It is not true that a majority shareholder can just willy-nilly decide they want to remove anybody from board of directors on a whim. It depends on how the company is structured and what the process and procedures in place for such a move are.

[serene cloud]

ok - then perhaps they may be planning to make an argument through that

[half knot]

oh no, I'm not arguing against you, I'm just seeing a lot of absolutes elsewhere about the situation given we have very incomplete information.

[white arch]

people who fights falls in love

[acoustic valve]

tldr; everything is tbd

[half knot]

MHJ and BSH are both single...

[outer bone]

im fucking crying imagining this person watching the mhj conference thing where shes crying and exposing hybe and one of the first things this person mightve thought ab was "this fit is fireee lemme cop"😭

[half knot]

yeah that happened lol, her fit was sold out everywhere within the hour lol

the company that owns the group UNIS is also responsible for selling MLB stuff in Korea, so that cap sold out quick and they made a lot of money lol

[outer bone]

ahhhhh makes sense

[acoustic valve]

Knetz simping over past MHJ again... these couple of years at ador rly did age her like crazy https://vxtwitter.com/pannatic/status/1785351573444649384

[outer bone]

Unis first cb is gonna have budgettttttt im counting that as a win

[half knot]

she was very pretty in that interview https://www.youtube.com/watch?v=rRQ3f30Csr0

[acoustic valve]

PS. she's way outta bsh's league, in everyway possible

[outer bone]

i alr know someone at netflix is foaming at the mouth brainstorming ab how to make a enemies to lovers kdrama based off this

[half knot]

the wild thing is, if the events of the past 8 days happened in a drama, people would call it farfetched and too outlandish and crazy.

reality is truly stranger than fiction in this situation.

[acoustic valve]

publishers alrdy hounding her DM's looking to sign a bookdeal 100%

[outer bone]

TRUEEE LMAOOO

[half knot]

it's funny how we still expect some sort of rationality and norm from fiction 😄

[twin cypress]

Mhj is a baddie no lie

[half knot]

what was the name of that site that translated stuff from knetz discussions btw? that was down for a while and is back?

[acoustic valve]

pannchoa

[outer bone]

some ppl are going crazy rn esp with the cult stuff

[half knot]

ah yeah she's going crazy translating stuff from the past week at lightning speed

[acoustic valve]

the could've made rest of the year's rent with the amount of traffic they missed these last 9 days

[half knot]

right? lol

[acoustic valve]

google translate works fast its ok, thats what they use anyway

[half knot]

I think that's where the main divide between the korean (and to a lesser extent japanese) side versus the rest of the international kpop communities come from.

In Korea, it has become a national controversy, talked about on places that normally don't care about kpop much. Whereas internationally, it's mostly only talked about in kpop circles with significantly younger audiences who are seeing it primarily as another group stan war.

[acoustic valve]

tbf, this is almost every kpop controversy ever. It's why Inetz opinions are generally always the most deranged and parasocial

even if it does come with a typical "western liberal" flair

[half knot]

western marxist more like it given the tribal mentality it provokes lol

[acoustic valve]

nah, if they were marxist they wouldn't hate Cnetz sm

[outer bone]

literally I saw like three ppl on twitter talk ab lsf summoning demons while in fanwars

[half knot]

to be entirely fair, lsf music videos do contain a lot of occult stuff even by kpop standards. their album intro videos even more so.

[tiny peak]

MHJ is being mythologized too, which they don't seem to quite understand, i think she has like 20 signature catch phrases atp

[outer bone]

i need their ass GONEEEE i thought they were being sued :((

[acoustic valve]

they got rent to pay, they'll never be gon

[half knot]

yeah she's going to be immortalized within kpop and entertainment circles in korea, the memes have millions of views.

the regular news coverage videos of her and hybe's drama, especially the press conference, have millions of views too, which is like not something that happens for purely korean videos

if she was an idol, those 20 or so signature catch phrases she would have to repeat on every variety show for the rest of her career lol

[acoustic valve]

people saying her career is over are coping hard, whenever she gets out of her non-compete, she'll have free reign to do whatever she wants, and it will be successful because her image of being a passionate artist is super famous now. The biggest risk I see is that she's just done with this industry because of all this bs and stress

[nimble stream]

her board meet clothes literally sold out immediately

[marble cape]

could she work in america if she does get fired and blacklisted in korea?

[half knot]

that would literally never happen, the blacklisting part that is.

[outer bone]

i kinda get where some ppl are coming from when the say mhjs career is over since hybe might be petty enough to blist her

[acoustic valve]

Hybe's powerful, but not that powerful, plenty of investors willing to invest in her. And secondly, I think Japan is far more likely, she's also semi-famous there now too

[outer bone]

really? I feel like most companies would be hesitant in hiring her since they dont want hybe on their bad side

[half knot]

HYBE does not have that kind of control over the entertainment industry in Korea. If anything, much of the rest of the companies and production houses hate their guts, and blacklisting would require their cooperations.

[outer bone]

ohhhh which companies can successfully blist someone? sm is the only one im thinking of atm

[half knot]

Even SM would struggle nowadays, they are a ghost of their past selves unfortunately.

You really think Kakao or CJ ENM have HYBE's best interests at heart? Or would they rather see a successful thing from MHJ? I think it would be the latter if it came down to picking between HYBE's behind the scenes unofficial blacklist vs. hiring MHJ lol

[outer bone]

true maybe thats why they were lifting some of the blists

[short laurel]

i learned that many of kdrama stuff are based on irl and in some cases even dumbed down... so alot of farfetched stuff.

[acoustic valve]

part of the reason I think they're trying to destroy her reputation with mediaplay, but that conference was so powerful I don't see how Hybe can ever fully change the course now unless some truly damning stuff comes out, which is extremely unlikely

[half knot]

yeah I always look at k-drama scenarios as idealized, sterilized and simplified examples of stuff that have really happened in Korea. And it does not paint a pretty picture of that society.

[opaque torrent]

do you think chaebols/heirs irl are as quirky and misunderstood as chaebols/heirs in k-dramas? lol they're demons

[outer bone]

off topic was the glory based on irl events? cause maybe its the early onset dementia but i swear a director or someone involved in the production got outed for being a bully

[half knot]

in case of SM, I think the reason blists like ones on JYJ boys have been 'lifted' so to speak is that the entirety of executives and management old guard at SM have been replaced with Kakao's people now. There's literally nobody left there to enforce legacy blists or have any incentives to continue them.

[short laurel]

Red Velvet every MV. they are cult velvet ❤️

[half knot]

I think they are far worse if they are anything like billionaire brats of western elites.

With hobbies and interests and deviancies that we can't even imagine, and k-dramas would never show.

[outer bone]

true lmao

[opaque torrent]

they are closer to squid game than paris hilton

even when jyj were blacklisted they still worked

[half knot]

Jaejoong is quite literally the richest idol today still from his real estate investments iirc lol

[acoustic valve]

just to add, SM's "blisting" of people happened in a different age, and the artist they were blisting doesn't have near the kind of cultural pull that mhj has now. This was during an age where all you needed to blist someone was have good relations with a handful of broadcast networks. Nowadays we're dealing with media platforms such as youtube and tiktok which are far far out of the scope of influence of Kpop companies

[half knot]

I imagine if we lived in the 2nd gen age, girls like Jinni or Soojin would be blisted

[outer bone]

i couldnt find the birthday ver of this but close enough

[opaque torrent]

https://www.koreaboo.com/news/ador-ceo-min-hee-jin-newjeans-messages-support-hung-in-shibuya-japan/

[short laurel]

according to what i heard glory is based on real stories but dumb down alot. which means what really happened was even mroe messedup

[outer bone]

also true with the amount of idols that are able to redebut

[acoustic valve]

not sure if it was a direct story, but its definitely at least an amalgamation of real events that happened... sadly

[outer bone]

ouu what the fuck

[outer bone]

someone do this but with asap PLEEK

[half knot]

I hate to admit it but occult aesthetics are cool, people LOVE evil lol

[short laurel]

in birthday they summoned the bear.

[half knot]

like if you wanted to have a beer, the devil would be far better of a seatmate than god lol

make for better conversation too.

[short laurel]

companies 45th anniversary with support to nj and mhj wow.

[opaque torrent]

escucha las palabras de las brujas, los secretos escondidos en la noche, los antiguos dioses invocamos ahora la obra de la magia oculta

[outer bone]

could u count artms's birth mv as an occult aesthetic bc it was so cool

[short laurel]

i haven't looked. i rare watch kpop mv's these days.

[outer bone]

the way they did all that bc they didnt get invited to a birthday party😭

[acoustic valve]

even asap MV heavily leveraged occult visuals, it is very much cool and alluring

[short laurel]

which makes me wonder what they are trying to do considering how big cults is in korea

[half knot]

the sad part is, most of the cults in korea aren't that cool lol

no secret ceremonies with robes and candles and sacrifices that we know of

[acoustic valve]

they're just scams

[half knot]

at least LSM was legit celebrated by freemasons lol

[opaque torrent]

bc they are more jesus coded than witches 😞

https://tenor.com/view/aespa-winter-karina-black-mamba-gif-20994234

[acoustic valve]

ohh rod of iron ministries is amaaaazing

[short laurel]

demon cult in america is the only cult that i like. they scare away serious christians and act llike doign weird stuff but in reality they all just having a party 🤣

[nimble stream]

Do they do sacrifices

[half knot]

yeah US version of satanism was always more of a counter culture thing than a serious evil religious thing lol

although I don't doubt there are branches of luciferianism that are a bit too serious for their own sakes...

[half knot]

regular institutionalized religions do sacrifices too, for example of a recent big profile one related to current events, look up "red heifer sacrifice"

[short laurel]

yea torture animals with weird stuffs.

it's scary when u read about it.

[opaque torrent]

https://www.youtube.com/watch?v=1TlM_B1a8uU

[sharp acorn]

Can yall not discuss cults here

[outer bone]

still have no clue what that green bunnyman was doing

[short laurel]

she's an idol now.

[outer bone]

so unserious im crying

[neon kelp]

[valid sierra]

tokkis are so genz, because who else would do this??

[dry atlas]

i just looked away and now it's all occult and evil

wth

[sharp acorn]

[short laurel]

we are newjeans cult.

[dry atlas]

*x https://twitter.com/Vanessakang0515/status/1785339690444530107

[harsh dove]

@Vanessakang0515 <t:1714493126:d>

[dry atlas]

*x -c https://twitter.com/CakeDegg/status/1785516848857149556

[harsh dove]

@CakeDegg <t:1714535364:d>

FIGHTING MHJ

[outer bone]

the song being magnetic too goodbye

[short laurel]

nj and rm cb i thought were just close by but they are on same freaking day. like they are both under same company stupid hybe.

[dry atlas]

personally,,, does it matter

i doubt the listeners overlap

[short laurel]

they do...

[dry atlas]

What happens next? https://m.dcinside.com/board/newjeans/588408?page=1

[acoustic valve]

literally irl gacha... I hope the government gets involved sooner rather than later, we know the companies ain't gonna regulate themselves that's for sure https://vxtwitter.com/Sugatch27/status/1785295735908614440

[short laurel]

show this to people who calling hybe environment friendly. this is not environment friendly and throwing all that is insult to artists

[half knot]

yeah this is getting some serious coverage among Japanese tweets

lots of other photos, there were thousands of these boxes there lol

[upper solstice]

LOL

[half knot]

I read one comment in korean calling it 'outsourced sajaegi at no cost to the company'

which is actually true, this is just ridiculous lol, and we've seen it over and over for many groups already

[half knot]

ah interesting, they had the same thought as I expressed earlier "Currently, Adore's board of directors is legally using time-consuming methods."

they are obvious legal delay tactics, for whatever reason. this can drag on for much longer than two months.

Perhaps the goal is to drag it out enough until hybe settles it internally through negotiations, or to drag it out until November ...

[acoustic valve]

like, might as well just make card packs and sell them at 70% the price of an album or smth, idk, but this is just painful to watch

[half knot]

The court would rather not interfere if they can help it.

[dry atlas]

has anyone seen that but with nj albums

[short laurel]

nj albums has been all pc in 1 album. which is a solution too. but hybe called them that ador has been non complient with their envronment friendly thing.

[half knot]

I have not seen any photos of NJ mass buying being dumped like that.

Which may be explained by the fact that NJ albums don't have randomized stuff, no gacha.

[short laurel]

like this literally disproved hybe's comment and proved mhj comment.

[half knot]

Or because they are so nicely designed with so much stuff, it would be a waste to dump it.

[outer bone]

Idk why but I find these things happen mainly to boy groups

[acoustic valve]

yeah i think companies will hold onto the gacha with dear life, so i dont see that ending anytime soon

[short laurel]

it happened with RV's birthday album too. i was shocked ot c that. 😦

[half knot]

it's multi-front gacha too. randomized inclusions, randomized preorder bonuses, lottery system for fancalls and fansigns, all encouraging mass buying, on top of tribal stan mentality of must buy more for charts or whatever.

[outer bone]

Mass buying is such a big problem now and it doesnt help that all these ppl buy hundreds of albums to get into fansigns

they really need a one album limit for things like that

[short laurel]

no wonder in america people steals poca's from albums in shop.

[outer bone]

soooo many vers

[acoustic valve]

or at least make a minimalist cardboard jewelcase version with cards, so that can still call it an album, ugh

[short laurel]

and people who are arguing in that thread. their point "it happens in other groups too" like does that change the point ? people are stupid

[outer bone]

I'll admit Im a part of the problem and im encouraging shit like this bc I bought like 8 chill kill albums for the diff versions

[hoary frost]

not really. they dont do much fansigns so i think they have higher unique buyers.

[outer bone]

Well I mean it definitely happens because theres a reason why the same ppl get into fansigns

[half knot]

they instead focus on unique editions of albums instead of relying on randomization, which is surprisingly novel in kpop lol

[half knot]

at least they aren't dumping it in boxes and garbage bags on the side of the street... as far as we know anyway

[hoary frost]

i think they should just give away such albums in better way instead of dumping them near trash. kr fans even leave it near nursery homes and employees there hate it

[outer bone]

However I do support people mass buying but also doing group orders cause at least its going to ppl who want the album

[outer bone]

no clue why these ppl dont do group orders unless theyre gutting each album for photocards to sell

[hoary frost]

no idea. i support everything in moderation. having 300 random photocards is exploiting fans. having 90 fansigns per comeback is just too much as well

circle chart should regulate market imo. ive been saying this for years.

[outer bone]

reminds me when this group had 700 pcs for one album 😭

[hoary frost]

wth?

[outer bone]

ofc the members cant control any of this its all just company greed so like no shade to any of these groups

[hoary frost]

yeah naturally. members sometimes dont even know what is inside album

[outer bone]

I feel bad for these members esp vernon that mans fancalls are painful

[half knot]

one interesting takeaway from this legal analysis is that in case of a dismissal, MHJ's side (including her board) can immediately file for an emergency injunction hearing, and depending on ador's articles of incorporation, there's a very high chance of an initial/preliminary injunction in their favor to reverse the dismissal decision. this means things go as normal at ador for at least 6-9 months, possibly up to two years, as the actual lawsuit can take that long.

HYBE will win eventually, but that eventuality could be anywhere from 2 months to 4 years away.

[short laurel]

or as long as mhj sides fund lasts.

[hoary frost]

seriously...who is comfortable to do so many fansigns? imo it also contributes to parasocial relationship btw idols and fans. i know nmixx had 90 for one cb and ive had like 50 or more for ive mine

[half knot]

honestly, I wonder what goes through idols' heads when they do that many fansigns

A few, it can be cool to meet fans, regardless of how weird they are (hopefully at least they showered lol), but 90+? that's just mentally draining.

[acoustic valve]

i mean, is it any different from most customer service jobs? It's draining and not glamorous, but it's not particularly special tbh

[short laurel]

customer service only do customer service. idols do idol stuff + customer service in 1 job discription.

[outer bone]

right also i HATE when ppl always win fancalls bc of mass buying and instead of asking actual questions they keep asking idols to do stupid shit like pokemon aegyo and lord

[outer bone]

Dear god idk why they keep happening I swear last month there was a chill kill fancall event and that cb happened in november 😭 why are we still going

[hoary frost]

same lol. they make them behave like babies or smth, even touching is uncomfortable to me. i dont like fansign culture, if anything it should be reduced to like 10 fansings max with better system where more unique fans can enter

[dry atlas]

guys

off topic now..

[hoary frost]

back to audit

[outer bone]

real

[kind hill]

so is mhj actually gonna get kicked out?

[white arch]

[hoary frost]

ehhhh

[half knot]

eventually, yes, but it can legally drag out for years potentially.

[outer bone]

gp is in favor of mhj rn right?

[short laurel]

at the minimum we'll get NJ japanese cb with mhj still being ceo. even though she can't enter building..

[half knot]

gp's opinion doesn't necessarily matter, but it can help if MHJ has to sue to reverse the dismissal initially.

[dry atlas]

unless they're shareholders gp support doesnt matter anyway..

[acoustic valve]

by a wide margin they're in favor of mhj, but gp has never really mattered in these sorts of cases...

[hoary frost]

who do u think bang pd will use as benchmark for nj concept? my bet is on Sabrina bc she is popular now!

[kind hill]

aww that sucks, i really liked how she leads her team

[outer bone]

oh shit

[hoary frost]

true

[half knot]

this is why it will eventually become imperative on HYBE, whether by internal or external pressure, to settle this through negotiations with MHJ and Ador, not fight it out in courts.

[outer bone]

but is there a chance public pressure might cause hybe to fold?

[short laurel]

i doubt bang thinking that far

[outer bone]

what am i saying hybes always gonna have meatriders they dgaf

[hoary frost]

dont have much hope in court either. hybe has #1 law firm representing them. dont have hope in musty shareholders either. i wish nj could finish album prep under mhj. ugh

[half knot]

well MHJ has the #2 law firm, but this talk of law firm rankings would really suggest that justice is not blind in Korea and the side with more money can just tilt things in their favor .................................................... which sadly is the truth lol

[acoustic valve]

gp opinion does play a role, but not directly, and its role is miniscule. If this was some other certain countries... gp opinion goes a long way, but this is Korea so don't expect much from public pressure

[short laurel]

justice is blind*

[dry atlas]

i like how some yappers here arent event active in njchat

pls interact w us there too

[short laurel]

sorry mel i like hannicord more. so blame 11

[outer bone]

fuckkkkkk

[outer bone]

dont end me like that

[hoary frost]

whats the name of mhj law firm

[half knot]

a couple of articles say it is "Shin & Kim" for this case

another says she also has "Sejong" law firm on retainer and those were the ones present at the press conference

while HYBE has "Kim & Chang" for this case

[hoary frost]

sejong isnt even top5. its ova

[short laurel]

kim name is soo common

[neon kelp]

fr

[nimble stream]

its amazing to see people knowing korean law firm leaderboard

I cant even name 1 from my country (Türkiye)

[hoary frost]

thank u google and naver

[old cypress]

oh so it's true

That's what i've been saying yesterday, it's all about money. Hybe gets to buy 20% of ADOR for dirt cheap if they fire MHJ. 3B is insane considering the current "value" is 100B and a lot more in the future if MHJ stays.

[hoary frost]

do they realize that they're basically killing newjeans creative value with this tho? they're so confident with ggs now huh

[old cypress]

I'm sure they do, but it's worth it if they can save 70M+ usd by ejecting MHJ

realistically fans are so locked in that newjeans will continue to have good sales without MHJ

[hoary frost]

will it be same if they cut off everything that made them unique and turn them into just another hybe group? nj fandom is not solidified. they are barely 2 years old and a lot of their hype comes from general public

[old cypress]

will you stop buying nj albums and not go to their concerts if mhj is out ?

[dry atlas]

if they do gacha i might

[hoary frost]

not really. i love nj

[old cypress]

true, gacha sucks

[dry atlas]

would still pay to see them tho

[hoary frost]

whats gacha

[dry atlas]

unless i unstan

random pcs

[hoary frost]

ah

[dry atlas]

imagine buying 1 minji album and getting a dani pc

[lucid yarrow]

time protest if next next cb have rng pc

[old cypress]

They will lose casuals but a lot will stay around just for the girls

[dry atlas]

this is the weirdest shit i don't understand it

why even have member versions if everything still is random

(aside from sales i get that)

[hoary frost]

I hate lores. I don't want hybe to insert weird fantasy lore in their universe. it is so tacky for me

but they will do that just to use their IP and create webtoons and games out of it

[acoustic valve]

nah worst thing is that NJ with mhj at the helm was legitimately doing the whole industry of kpop a lot of good just by existing due to the legitimacy and diversity it brought to the genre; with Hybe benefiting more than anyone since they hold half the Kpop market by themselves. Hybe gutting NJ like this hurts not only them, but the entire industry. Diversity of music and fans is the surest path to sustainable growth, I fail to see how BSH even with his ego thought he could recreate what mhj brings without her. Truly a stupid short-sighted decision even if this was for money, the ego of rich old men knows no limits.

[old cypress]

Ban Heesoo AI debut let's go

[old cypress]

They're focused on the instant profit from ejecting MHJ

But I believe they will reach a deal with MHJ

[hoary frost]

[acoustic valve]

I expect corps to be short-sighted in their search for profit and growth, but this is even more short-sighted my pessimist self would've thought of Hybe

[old cypress]

https://twitter.com/yuijeans/status/1785513252015026498?t=xLfbb2erBbbTBiqr7eT6fQ&s=19 It's not cope, the possibility is real and it's the wisest one

Yui (@yuijeans) on X

There's a real possibility that Hybe and Min Hee Jin could reach an internal settlement to resolve their dispute. However, should Hybe succeed in removing MHJ only for her to later be acquitted and subsequently win a lawsuit, the repercussions for Hybe could be catastrophic. The…

Twitter · May 1, 2024, 3:35 AM

btw hybe earnings report tomorrow

[acoustic valve]

it is cope... but eh, stranger things have happened. Hybe didn't expect the public backlash to be this bad, so there's a slim chance they cut their losses I guess... so hard to tell rn tbh

[old cypress]

They only need MHJ to sell her shares back to hybe and/or to reevaluate the put option she holds

[acoustic valve]

i expect shares to drop below 200k, haven't followed em closely, but I definitely don't think the yoy on 1Q is going to be good...

[short laurel]

if they lose their music and become just like other hybe music. i might listen since they are good but i' won't be much interested since it won't be unique anymore.

[mild mist]

If they get dragged on to momentica imma chae-out

[old cypress]

they will def be on momentica lol it's free money for hybe

[dry atlas]

they were teased for that

but it amounted to nothing

[short laurel]

whats momentica ?

[old cypress]

nft digital photocard platform

[hoary frost]

i wish only change was just nft

[short laurel]

ok i hate nft used in things like this. mroe reason to hate hybe

[arctic sky]

The most useless thing being invented

[short laurel]

there maybe proper use case of nft. it's complicated stuff but not useless. it's just it's being used in things it doesn't belong.

[hoary frost]

where do i donate for protest truck

[acoustic valve]

anything that aims to increase an already bloated and unsustainable finance industry is not good, my 2c

[short laurel]

like youtube with ads.

won't be long when google introduce nft to their ads. but that's off topic

[hoary frost]

i wish contracts were 3 years

nj would be free next year ikr

[short laurel]

rather wish industry was like western. free artists. not tied at all.

[old cypress]

artists are not free in the west lol

[hoary frost]

how is western industry free? theyre chained to contracts just as much

umg contracts are some of the worst

[acoustic valve]

western artists have more creative freedom, but yeah financially they're trapped just as much as Kpop idols

[hoary frost]

there was so much controversy over hollywood records x disney girls contracts. even today zendaya cant release music bc of it

[dry atlas]

saw a comment that said hybe should pull? (forgot the verb) newjeans masters if they do leave

what does that mean ? i didn't really follow Taylor's happenings

[acoustic valve]

but like, creative freedom is arguably more important, esp if ur sum1 like MHJ or a grp like NJ, missing out on a few years of money is nothing, but being creatively sabotaged at this stage in their career? Absolutely awful

[hoary frost]

get up (newjeans version) incoming

[acoustic valve]

just means hybe will be the ones making money from NJ's already-recorded music... which is just the norm in kpop anyway

[hoary frost]

nj music is published under hybe.

but can they pull taylor? aka do re recordings

[dry atlas]

oh i thought they wouldn't be able to perform those

[hoary frost]

they wont if hybe owns it

gfriend cant use their group name bc source music pettiness iirc

they trademarked their name right before disbandment but i think it was rejected first time due to it being too common (not sure how it developed)

nj songwriters do not belong to hybe except Gigi (she is under ador)

not sure if it is possible to do re-recording

[acoustic valve]

not really that big a deal eitherways, since even if they leave it's unlikely they get to keep their name

[old cypress]

NewerJeans

[arctic sky]

NotJeans

[hoary frost]

NaurJeans

[old cypress]

HatGirls

[acoustic valve]

FreshDenims

[hoary frost]

NewJean (s removed)

[acoustic valve]

NuGenes

[hoary frost]

their name is TM-ed under ador

not hybe iirc

[acoustic valve]

yeah, but if NJ somehow does leave hybe, it will almost certainly not be with ador

MewSheins it is

[hoary frost]

MewJeans

theyre the ones taking L in all scenario. i can only pray for hybe downfall

[old cypress]

I'm glad the media is reporting on HYBE being able to buy mhj shares for a bargain if they fire her

[tawdry vessel]

wait why?

hybe being greedy isn't a surprise

[dry atlas]

but now it's out in the open

there are numbers

[old cypress]

it's in the agreement. We weren't sure before but now it's pretty much confirmed

https://n.news.naver.com/article/001/0014663543?sid=103

seems like tmikpop wasn't lying when they said mhj borrowed money from bang pd

[hoary frost]

but wasn't their narrative suggesting that he lent her 16B, not 2B?

[old cypress]

didn't specify the amount. He lent her the entire amount needed to buy the 20% but it was 2B won

[hoary frost]

16b is hybe investment i think. hybe invests money to every label

when they start operations and launch group

[short laurel]

Creative freedom n artists working with multiple labels instead of one is more free than kpop.

[short laurel]

Tmikpop narration was like she borrowed entire 3.something b. But article says 2b. It makes a difference

Time of this drama is bad. I heard about korea launching kpop visa. (Name probably for marketing) But their biggest company in kpop is having a big controversy. Bad timing to market this kpop visa

[opaque torrent]

Bang pd gets to look generous and earns her trust while he sneaks in a clause that could prevent her from working for another company for life when her contract with HYBE is up

Remember she signed it blindly bc she trusted park jiwon and bang pd

[short laurel]

yup

[opaque torrent]

If the mediaplay from HYBE this week is the loan and the bargaining tactic, it may be good news…. Bc it doesn’t seem like they have a case against her

1. It’s a loan she has to pay back. We don’t know the terms and conditions. It could’ve been a tactic to get her to overlook the dubious contract and shows how duplicitous bang pd is

[hoary frost]

i think hybe is still focusing on narrative that mhj used "hybe capital" to create ador - 16b won.

[opaque torrent]

2. Anyone from a mile away that if you ask for the loaf of bread, you get crumbs so of course you have to start unreasonable. Not to mention everyone acknowledges the shady noncompete clause triggered all of this.

[opaque torrent]

And missing the returns on ador has been the best for HYBE and HYBE is ousting the person after establishing they can exploit that persons labor while preventing them from doing the same again outside of the company

[hoary frost]

it was trending on theqoo. https://theqoo.net/hot/3211331958?filter_mode=normal

but ppl know that ador warned 100b won. they made profit even without touring

but articles are trying it with hybe invested and mhj should be grateful

if mhj didnt push for ador creation, newjeans would not even exist. bc new group debut under same agency takes 3-5 years

https://theqoo.net/hot/3211245862?filter_mode=normal

look this is one of THOSE articles which says that MHJ did not start from bottom zico but used hybe capital

[short laurel]

they all forget that mhj name in industry was already big even be4 joining hybe. sure she took 16b for hybe but that's investment. in no company investors gets credited for creating the tool. it's the company's employees. many don't even have any idea who investors of the company are.

hybe in this case is investors. not creator

[hoary frost]

they're trying to change public sentiment with ethical pov. "she used our money, she is ungrateful" but the point of investment is to see profit right? its not like they blindly invested. they knew mhj had ability. that's why they originally hired her and not someone else, they even used her name for other groups she had nothing to do with

[short laurel]

and hybe didn't paid her a single won for using her name outside her job discription.

[opaque torrent]

lol HYBE cosplaying as the make a wish foundation

[short laurel]

that should be grounds for sue right. especialyl in country like korea

[hoary frost]

mhj also said the same in press con. she decided to be in hybe bc she needed money to realize her artistic ambitions. she never denied using hybe capital but she denied that it was ONLY hybe capital that made newjeans successful

[opaque torrent]

The lawyers who looked at the allegations against her said even if she was doing a hostile merger and acquisition to try to dilute HYBE’s shares, it’s not necessarily illegal either

lol if it’s a crime that creatives want independence from their companies, then everyone should be put in jail.

[hoary frost]

yeah, i saw that in one of the articles. even asking investors and such is not illegal

[opaque torrent]

Being “ungrateful” is not a crime

[short laurel]

she's not being ungrateful since hybe made billions of wons from their 16 b won investment.

[acoustic valve]

Is "this goes against the ethics of capitalism! what about the investors!" (in this case a multi-billion conglomerate)... is that rly the angle Hybe wants to play for public opinion? South Koreans aint no marxists but they ain't exactly enjoying the realities of unfettered capitalism either...

[short laurel]

it's hybe being ungrateful of her efforts to realize that investment

[hoary frost]

why does hybe care if mhj credits hybe capital or not for nj success? you make money and investors see that in reports. is that not enough?

i dont get people

[acoustic valve]

its all forced media play

[hoary frost]

yeah this

[opaque torrent]

Istg every accusation has been a confession from HYBE

[hoary frost]

its just BSH ego is hurt bc mhj and nj do not thank hybe in every sentence

[acoustic valve]

and they shouldn't, if BSH had any influence NJ would've never happened, he hated everything about it. Why should he get any credit? it's ridiculous, a rich man's ego knows no bounds

[opaque torrent]

With MHJ, it seems like most peoples hatred for her is the lack of decorum. She was tactless for directly naming groups and idols even tho we would who tf she’s talking about anyway and their hate train preceded her.

Furthermore, she’s so ungrateful asking for independence and fair compensation!

Oh and she has a potty mouth.

[acoustic valve]

tbf "fair compensation" are possibly two of the scariest words you can mutter to a corporation

[opaque torrent]

Their argument against her is rooted in respectability politics rather than principles

[hoary frost]

whose argument? kpop stans?

[opaque torrent]

Yes and HYBE

[dry atlas]

navier who is 2501x2501 on ig, makeup artist or photographer ?

[hoary frost]

Lee Sol, make up

[dry atlas]

ty

[acoustic valve]

fck it, if the intial rulings don't go well, I hope kakao or smth bankrolls mhj in an endless litigation case against hybe https://vxtwitter.com/cato_o_o/status/1785664386800996660

[hoary frost]

she cant win

[acoustic valve]

probably not, but then again none of us knows the details or how much proof they have, so who knows. what she does lack though is money

[hoary frost]

[short laurel]

reply post retweet. that person cleared soo many p* allegations against mhj. after reading that. kpop fandom really need some serious mental health.

[opaque torrent]

Oh do you have the link?

[short laurel]

the 1st reply to the post https://twitter.com/expmhj/status/1552490114130923522

✩ (@expmhj) on X

Here’s a detailed thread on the current situation surrounding ADOR’s CEO Min Heejin and her group NewJeans.

It includes official sources, provides context and is not biased. Consider retweeting this so it can reach a bigger audience.

#NewJeans #뉴진스 #MinHeejin

Twitter · Jul 28, 2022, 3:04 AM

she's been blamed on soo many cases without any reason. i feel bad

2 years old post and not spread enough.

[mild mist]

Did they blame her for Garam yet?

I always need to make a conscious effort to say 'garam' rather than 'garak'

[dry atlas]

i saw that reply and thought it was accusing her as usual

was actually the opposite wew

[hoary frost]

yes and global warming

[short laurel]

qrt's on this post though. will question if we are eve nreading the same post.

[serene cloud]

They've blamed her for every single scandal

[neon kelp]

global warming

[acoustic valve]

at least it doesn't happen as much here anymore, well, this chat at least

[steep torrent]

really really great article
https://kosicoso.substack.com/p/why-i-think-min-hee-jin-is-_____

[dry atlas]

"CEO Min must faithfully participate in the investigation by the investigative authorities, which will begin soon, and wait for the court's decision. The legal review that determines there is sufficient cause for breach of trust has already been completed, and many other illegal acts have been discovered, so action will be taken against them as well."
https://n.news.naver.com/article/001/0014663543?sid=103

[hoary frost]

they mean audit?

[dry atlas]

yeah

wait this is from hybe statement (allegedly? idk i haven't seen the actual statement)

[hoary frost]

sounds like hybe statement

[waxen musk]

"increasing national fatigue" made me laugh. The only thing Hybe is correct about.

[opaque torrent]

"We will not respond to the war of exhaustion to reduce the attempt to seize illegal management rights into a compensation-related dispute and a frame of retaliation," Hive said. "This issue has already been meticulously planned by CEO Min for the seizing of management rights of Aodore, and the internal accusations claimed by Representative Min was also part of the audit."

"Me representative Min must be diligent in the investigation of the investigation authorities, which will begin soon, and wait for the court's judgment," he said, adding that "the review of the law that there is a sufficient reason for the reindemntion has already been completed, and a number of other misconducts have been found and action will be taken on this."

It’s all said by HYBE’s side

[acoustic valve]

fwiw; doesn't matter whether they found sufficient evidence or not, making a strong statement that they found sufficient evidence was always going to be the statement they put out. For practical reasons

[hoary frost]

lets cope until she is kicked

[opaque torrent]

The whole purpose of this audit and reporting her to the police was their scheme to sway public opinion against her and get her to give up on her side, as it looks right now

[acoustic valve]

Same way when you're a defendant, the only statement you'd ever put out is "I'm not guilty and they don't have sufficient evidence"... to say anything else is detrimental to your defense.

[opaque torrent]

It was not to protect ador/HYBE IP or done on behalf of shareholders interests

[acoustic valve]

There is no world where a plantiff says "we have not found sufficient evidence yet, but we're looking and I'm sure we'll win!" lol

[opaque torrent]

If i put my tin foil hat on, i would argue bang pd lending her $$ was setting a trap for this moment if he ever views her to be stepping out of line

[upper solstice]

fuck bang pd 🗣️

[acoustic valve]

Never felt such ill will towards a single person before

[hoary frost]

[short laurel]

that's a really good article.

[short laurel]

comments on this post. people saying hybe taken over naver.

[acoustic valve]

navers mostly middle aged men too, so like the demographic most likely to be supportive of hybe

[short laurel]

i hope after q1 results tomorrow hybe's stocks crash.

[acoustic valve]

https://tenor.com/view/stonks-bad-stonks-stonks-cat-bad-stocks-cat-bad-stonks-cat-gif-11522299758188203870

[hoary frost]

at least MHJ core is alive... this reactors outfit

[serene cloud]

interesting article

[opaque torrent]

This is a solid article but I disagree with this. I think international fans have criticized them just as much for their singing

I think ifans hate her bc they simply conflate her criticisms towards leadership with criticism of the artists themselves (which the article does make a note of)

It’s not much deeper than that lol

[acoustic valve]

the article's good overall imo... but that's a glaring misuse of "hate-speech" in that screencap... she's local Korean i guess?

[opaque torrent]

Yeah it is a good article

[short laurel]

and @acoustic valve what i think is what most korean c about ifans is mostly kpop international fans. in which case majority of them are kinda like that. but like if u take us for example, we agree with koreans in mhj case. but koreans have more exposure to twitter and reddit in regards to kpop and so they end up with that conclusion.

while cultural misunderstanding will be there. but if u show the entire case to someone outside kpop. chances of them being fairer are higher.

but non kpop people are not reading this case much

[acoustic valve]

oh, i agree with her portrayal of Ifans, at least as far as the terminally online are concerned, like most online communities they just love making up things to get mad about. I think there's also a silent majority of international fans that are far more sensible than what we see on twitter/tiktok/etc. but that's another story...
The article is good though, if for at least giving some of these always online fans a measured perspective

[short laurel]

nha your last point. they will ignore this article or insult them.

[acoustic valve]

most of them, but a few will change their minds or at least not be as stubborn about it

[hoary frost]

when i look at tmikpop qts, i know this is the case

[copper jetty]

So if hybe acquired ador and NJ, does that mean we're going to get a group photo with bang?

[hoary frost]

ugh

[upper solstice]

keep bang pds grubby hands away from em

[neon kelp]

fatty hands

[waxen musk]

This article perfectly sums up how I used to feel about MHJ and her relationship with the girls. While I was always very appreciative of her support for the girls and how there are many examples of her treating them well, I was always very cautious of her. Things have changed over the course of the past week reading this thread and understand the Korean perspective.

At the start of last week when I used to feel that way towards MHJ I was all ready to accept the future of NJ without her. I was preparing myself for it. Now more than a week later I am totally not prepared for it and think I will be devestated if let's say two months from now NJ will never be with MHJ again. Bubble Gum, the album photos and Right Now enforced this need I have for NJ and MHJ to be together forever and now I can no longer prepare myself for the outcome that I was preparing myself for last week.

A lot has changed for me in one week.

I should say it's obvious that Hybe showing how they really are contributed more to my opinion on them than what I wrote above contributed to my opinion on MHJ. This is also another reason why I cannot prepare myself for NJ without MHJ when last week I could.

[serene cloud]

they already own 80% of ador so

[slender jungle]

can we not be fatphobic lmfao

[copper jetty]

Let me cope though. I'm still not ready

I think I'm on my grieving phase. 😭

[mild stratus]

guys, honest question. do yall want this thread to be serious or u dont want us to be too strict about it?

[hoary frost]

we should discuss within existing cord rules. it should be serious, but it is inevitable that sometimes it touches other topics that might not be strictly about audit. everyone is anxious about this situation and it can't be helped, but mods should intervene when there are unnecessary remarks made or conversation is too off topic.

[mild stratus]

bet

[hoary frost]

personally for me its too hard to go to reddit or even twitter to search reasonable opinions, updates or even analysis of current situation. here are users here who offer different pov and it is nice exchange overall. i hope we wont get too personal even if we feel some sort of resentment and unfairness due to current situation. we all want the best for nj and are worried. so lets maintain this place in peaceful manner. mods can deal whenever we cross line so maybe at least one mod should observe this place. thank u for putting up with us

[mild stratus]

i was just talking about the memes, but if yall dont mind them, its fine

[hoary frost]

not me getting seriou .... i dont mind it as long as channel is not spammed i guess

[copper jetty]

Also, it helps us cope with what's happening really. So please don't ban memes at least. We promise to stay on topic

[hoary frost]

we are on tokkium and coping with everything huh. desperation is real

I watch mhj freestyle time to time to laugh

[copper jetty]

Thing is I think MHJ might have a chance of counter suing hybe if they don't find anything or if nothing sticks. So, I'm still hoping for a long battle.

That is if hybe doesn't find anything on her.

[hoary frost]

well whatever hybe found, they already submitted to police

we will see how it is investigated and later debunked by mhj side

[copper jetty]

How long does police take to investigate and arrest though??

[hoary frost]

no idea 💀

[copper jetty]

Will it be debunked in court? Or in investigation??

I don't really know how this type of things go

[hoary frost]

idk how it works, i think based on police investigation, case could be either dismissed (?) or forwarded to prosecution (?). maybe i should start studying law or something

[copper jetty]

At this point tokkis have been analysts, lawyers etc. Already.

[hoary frost]

google knows

[copper jetty]

So rn the case is probably in the police investigation or prosecutors

[hoary frost]

police

[copper jetty]

We'll have to see how it unfolds and depending on what the evidence is, the public perception of MHJ can stay as it is or it could go to a 180.

[hoary frost]

true

[serene cloud]

tokkis will be getting their kr law degrees soon

[hoary frost]

Bernice & Co law firm opening soon

[copper jetty]

Graduated from Tokkium University based in Tokkiville.

[serene cloud]

[hoary frost]

https://x.com/cato_o_o/status/1785758674465571114?s=46&t=lncf7vo09FEx5ZDvXg81LA

Cato_o_o (@cato_o_o) on X

This is the translation of the comment.

“For those who didn't interpret the news correctly:

Even if the result of Min Hee-jin's embezzlement is "false," holding a shareholders' meeting based on embezzlement allegations is necessary to remove her from her position.

2/

Twitter · May 1, 2024, 7:50 PM

[old cypress]

yep

[hoary frost]

[acoustic valve]

4th row is where its decided a charge happens or not

[dry atlas]

i cant believe it

compared to x and reddit, pannchoa actually has the "sane" comments

[hoary frost]

really? thats surprising. i wanted to check it but currently avoiding everything like a plague

[acoustic valve]

the difference between a regular koreaboo and dedicated koreaboo that tries to understand it beyond kpop and kdramas

ironically

[serene cloud]

Yeah pannchoa comments are divided

[hoary frost]

industry official aka hybe saying mhj asked to have sole right for nj contract termination earlier this year or something in this line https://n.news.naver.com/article/005/0001693073

[half knot]

That floats the same theory we talked about here a few times in the past, that the goal is to terminate the contract NJ girls have at some point as a nuclear option.

And it seems even as of now given board of directors are all MHJ's people, the article does seem to indicate while she does not have sole termination rights, she could do it. The extraordinary general shareholders meeting could also be hinging on this fact.

[dry atlas]

so she requested it and was denied

[half knot]

she requested to have sole termination rights, so she could decide without convening the board of directors.

[hoary frost]

if she breaks contract, she will betray aka breach of trust automatically no?

[half knot]

that depends on their articles of incorportation, we really have very incomplete information to make that determination.

[hoary frost]

also she asked this in Feb, seems like this shit was brewing for a long time, yet hybe had to attack her right before newjeans cb

[half knot]

At the same time, if she and her board are dismissed in the midst of NJ comeback scheduling, that could be interpreted as a breach of trust too by the shareholders (aka HYBE) and court could reinstate her. I've also been reading and listening to various korean legal analyses of this while at work this morning and it seems this is going to be a very long battle, with potential 30 day delays over and over until the court has to intervene in some shape or form.

It seems unlike the US, shareholder rights in Korea are fairly limited.

[hoary frost]

its already exhausting enough, imagine what long battle will feel like

[half knot]

Assuming it still plays out in public, it'll be a mess for HYBE that's for sure. And a mess mentally for MHJ, her board and NJ girls.

But more than likely, it'll just play out in the background with occasional results made public through court transcripts.

And it is very possible that Ador will continue to function as normal for the most part with MHJ at the helm for some time.

[hoary frost]

today is hybe conference call. in few weeks, jin cb, so stocks will bounce. im amazed how well the time is picked

[half knot]

I don't know if BTS solo comebacks have had any real impact on HYBE stock prices.

[hoary frost]

nah he cbs from military not solo cb

two members will be back this year

[half knot]

We'll see I suppose. HYBE stock doesn't seem to follow any real trends aside from when it crashes or has a big correction.

[hoary frost]

it will surely affect stocks due to expectations

[half knot]

Another analysis was talking about how HYBE will win eventually (with regards to Ador board of directors), but that timeframe could be significantly delayed, and if HYBE is still not acting in the interest of NewJeans as a group and the members, it could be seen as a breakdown of trust between artist and company, and under some 2017 regulations with regards to artist contracts, they could request a termination if it becomes overwhelming, especially if it can be shown that HYBE as a parent company had neglected NJ.

That's the balancing act that HYBE has to play for the courts right now, to show that dismissing MHJ and the rest of the board isn't against the interests of Ador as a company and its current sole artist group.

It's another example of how this multi-company, multi-label system with each company having their own unique articles of incorporation is coming back to bite HYBE in the royal behind.

[half knot]

in general, expectations are usually priced in well ahead of time, rather than reacting momentarily unless a surprising announcement is made.

[hoary frost]

interesting. i dont think nj can win contract termination lawsuit tbh. assuming there is not enough ground

[lucid yarrow]

is any of sublabel not 100% hybe?

[half knot]

most of them aren't 100% HYBE.

[hoary frost]

bighit and belift are 100% iirc

rest are around 80%

[half knot]

It's not a novel system since that's how for example Kakao Entertainment is as well, some of the sublabels and companies under them are only 30-40% Kakao owned.

But the difference is that Kakao Ent doesn't insert themselves into every company's affairs like HYBE does. As far as we know anyway.

[acoustic valve]

they somehow managed to extract all the cons of such a system, but not exploit the pros of diversity and market expansion rather than just pure growth either. Why have this system if you were gonna let labels put out similar products? Pure pride so that BSH can have the most "successful" group? smh

[half knot]

NuMoney and all that. No long term generational goals.

[acoustic valve]

Or just pure ego and pride, I'm still split on which one it is, or just both

[hoary frost]

honestly only ador and koz are genuinely independent. bsh even tried to insert himself in seventeen but got boycott as answer.

[half knot]

ironic given those are the ones that were created after HYBE reorganization lol

[hoary frost]

he basically does not want independent labels. should not hybe call them just divisions then?

[half knot]

A bit too late for that lol

But it does show significant cracks and problems with this system so they'll likely be rethinking it.

[hoary frost]

i dont think big corp subsidiaries are micromanaged by parent company tbh (like samsung or toyota etc) or at least thats my impression

[half knot]

It does depend on the industry. Alphabet (Google)'s various subsidiaries that were created when they reorganized to Alphabet are definitely micromanaged, while Microsoft's various subsidiaries are usually slowly absorbed into the company and hollowed out.

Disney also significantly interferes in all its subsidiaries' businesses.

[hoary frost]

living up to korean disney name

[half knot]

But Universal, Sony, and Warner's music side generally leave the sublabels to their own devices and only jump in when they see an artist blowing up and back that.

[acoustic valve]

It's ironic, because one of the main pros of such a system is it allows various labels and teams to work synergistically and not cannibalize each other in the natural competition that would occur. Now it happens so that another sub-label is doing exactly that to your brand, how is Ador meant to react? Especially when the parent company has consistently shown favoritism against you.

[hoary frost]

yeah, conflict of interest and bias when chairman is directly involved in labels is real issue imo. i get why mhj mentioned it

[acoustic valve]

That's another approach, completely hands off, but that's not the case with hybe...

[hoary frost]

the way she said that everyone trying to suck up to him

[half knot]

If she can prove that, there's a real case to be made that her dismissal is against company interests and artist interests and could get a preliminary injunction against any HYBE votes to oust her, as one legal analysis put it.

[hoary frost]

completely hands off is impossible but u should not be threatening label to snatch resources or should not diluting their brand value or everything else that was said in KKT

[half knot]

I am really hoping they put away the knives and sit down and talk this out like adults, but they are acting like children so that'll likely take a while to get to that stage.

[hoary frost]

i feel like she is basically kicked and there is no hope but still giving hell to hybe one last time for that

[half knot]

There's a lot of pieces on the table that they could negotiate over, most of which we don't even know about.

But one thing's for sure, they're both in for a fight.

[hoary frost]

[half knot]

this one's funny

[acoustic valve]

There's always a chance as far as we know, since we don't know the any of the details that would make the difference

[hoary frost]

i just feel so sad for the girls

[acoustic valve]

reddit users coming oh so close to realizing they live in their own tiny manufactured hugbox of opinions and reality, but still not accept it, is a timeless category of reddit post

[half knot]

other than the stress and reading all the stuff online, nothing functionally will change for the girls for at least a few months imo

[lucid yarrow]

plz plz plz hybe dont be in cult

[half knot]

it's kind of ironic since usually the crazy ones are comment sections of pannchoa, akp, youtube, twt, etc. and kpop redditors had the more balanced approach. but in this case, at least in the popular subreddits, they've collectively lost their minds and heavily suppress any dissenting opinion. in a sense, they've become like the rest of reddit, as is unsurprising I suppose, just echo chambers.

[hoary frost]

i think ador made statement?

https://www.slist.kr/news/articleViewAmp.html?idxno=545700

they are denying that mhj requested contact termination rights

[half knot]

"This shows once again whether HYBE is fighting for public opinion by distorting and squeezing the truth," They said. "And if we are going to continue to disclose the contents of the 'negotiation' of the contract between shareholders, we propose to resume negotiations on the contract between shareholders."

[dry atlas]

why is it conflicting

[half knot]

I don't know how she would win but holy shit her comebacks are gold.

[hoary frost]

difference in auto trans?

[half knot]

She's basically saying this was one of the steps in their contract renegotiations between HYBE, Ador and NJ, not a one time request.

Like part of the haggling and bargaining process.

[hoary frost]

she said get back to the table if u gonna air it all out

[dry atlas]

ah nvm i saw refuted, but it's the same thing below the pic

[dry atlas]

makes sense

[lucid yarrow]

lol i dont want pay more

[acoustic valve]

BSH and MHJ should rly just battle this out by both of them producing a diss track, this will allow them to flex their egoes as well

[half knot]

have you seen BSH talk? if the amount of words MHJ fit in her presscon was to be narrated by BSH, it would last 10+ hours.

[acoustic valve]

BSH can even have the handicap of having BTS delver it

[half knot]

kek

[acoustic valve]

nah they both produce a diss track for one of their artists, BSH can pick whatever artist he wants under hybe, i think that's fair

[hoary frost]

mhj already topping charts with her freestyle, bsh is silent. bigger beef than kendrick jcole drake metro boomin and whoever was there

[serene cloud]

https://vxtwitter.com/soyamoyas/status/1785518003746140325?t=kBEAc-AvcIGU7TNIzLfCQw&s=19

[acoustic valve]

imagine mhj, 250, frnk and beenzino working together to create a hip and trendy pop diss track delivered by NJ? I think it will be legendary

[hoary frost]

we will be streaming

every morning hybe wakes up and chooses to leak the details of contracts and negotiations via industry official. love their dedication

bsh entering pr room: "what are we disclosing today?"

[half knot]

It really does seem like they didn't have a coherent strategy here, and just went with what the company heads told them to go with

sort of reminds me of how badly the PR battle went for BBC vs. Chuu and later the rest of LOONA.

just on a much larger scale.

[hoary frost]

bbc tried it w smear campaign

also why is ador putting out statements via some obscure media outlet? damn fjdjdjdjs

[acoustic valve]

agree, but this is what happens when you create a company of yes men who are either afraid to speak up to their boss, or their opinions are not valued.

[valid sierra]

looks like shareholders are pressuring hybe, hence the leakage of information, since stocks is still not rising

[hoary frost]

they will reassure shareholders via today's conference call

watch park jiwon say they will support newjeans cb activities for nth time

[half knot]

this was their last earning report, it did not go well for them

"estimate" is the investor and analyst expectation

[valid sierra]

despite RM comeback announcement seventeen sales going well

everything is really not well

[lucid yarrow]

korea pension

[half knot]

I'm in no way an economist or even that well versed in stock, but the general consensus I've read about this seems to state that when a stock price and company valuation is severely overinflated, even the slightest confidence shakes can shift the price 5-25%, and that seems to be the case with HYBE's rollercoaster of a stock.

as compared to more stable companies and industries.

[hoary frost]

yeah, they did have some up and downs. at one point i think they were around 400k but then below 150k, it seemed to be stabilized

[dry atlas]

soty incoming

[half knot]

very interesting shifts in the past month alone

You can see how ILLIT debut was being priced in already from mid March

but the audit stuff and the conflict came out of nowhere and it crashed back down

most stock trading is done by algorithms and bots rather than individual investors, so it's not surprising that positive news shifts things up and negative news brings things down.

[hoary frost]

yeah

when was nj cb and tokyo dome announcement?

[valid sierra]

the rise was due to newjeans comeback announcement

[half knot]

that would also be a factor true

[hoary frost]

i think it was march 25-26

[half knot]

you are right haha

[vale grove]

Has anyone else been getting a huge influx of Korean tiktoks and reels talking about "mhj core" and really just rallying behind her?

[hoary frost]

tiktok algorithm

[half knot]

the min heejin hastag (in hangul) has been blowing up, so it's not surprising that the algorithm is pushing it to adjacent topics and fyps

[hoary frost]

5th gen it girl and main rapper

[vale grove]

I've been purposely ignoring all kpop content just bc this whole situation irritates me but mhj really has been going viral. Korean public opinion is really on her side

[half knot]

it's gone quite a ways past kpop sphere in korea, yes, while overseas it's mostly only within fandoms

[tiny peak]

stocks are about potential value and growth, and undermining your extremely successful, influential, fast growing sublabel is not a good sign for that

[half knot]

if only MHJ and BSH could take this advice to heart, just hug and kiss and move on lol

[tiny peak]

so yeah SVT and RM are good signs, but not so much for growth and potential

[half knot]

yeah it's not like HYBE stock is a stable commodity stock people park their money in to just keep up with inflation and take the divident payments. It's a high risk high reward extremely volatile stock.

[lethal hound]

Yay i was referring to this law last week

[old cypress]

thought so, the board is mhj people...

[hoary frost]

ador board yes

[lethal hound]

but remember consipiracy is also a good justification for firing

[old cypress]

https://twitter.com/Phamkuromi/status/1785672027640303935

Chericheri／(≧ x ≦)＼🍒🍀 Positive Tokkis no worries (@Phamkuromi) on X

And Nine Muses Sera Ryu comment ❤️

Twitter · May 1, 2024, 2:06 PM

oo ryu sera

[tawdry vessel]

hybe have the power to do it but mhj can fight back and claim for unfair dismissal

[lethal hound]

Yeah true its up to the courts at that point

[half knot]

it's interesting that bada felt that she needed to make it a proper post rather than a disappearing story

[old cypress]

yeah bada is goat tier

[hoary frost]

r ppl surprised that nj has signed contract w ador and not hybe? i remember rm shared his contract bit on ig and it mentioned bighit music not hybe

[acoustic valve]

if this was america half the industry would come out and say "f hybe"... and it wouldn't make much of a difference to what actually happens

[hoary frost]

i think artists sign with their labels not hybe

[half knot]

it shows a fundamental misunderstanding of the multilabel system, yes

and it's mostly on HYBE for portraying it like they are SMTOWN family or something

[hoary frost]

yeah i was scrolling theqoo and it seems they dont understand

[half knot]

they've been in their sublabels business so intimately, it's no surprise people associate the artists with HYBE and not their own company

[old cypress]

they think it's like SQU4D in jyp

[hoary frost]

this was the bit rm shared this year iirc

it clearly states bighit music

[old cypress]

you can also check their earnings reports, it clearly states that the artists belong to their sublabels

[hoary frost]

i was actually looking thru dart fss site today to see the investments each label received but it loads for a century on phone so i gave up

[half knot]

yeah that site is slower than dialup internet lol

gotta download the pdfs but then translating it will be more difficult

[hoary frost]

right. i dont have that much patience duh fjdjdjd

i will check on laptop later ig

[half knot]

it's also fairly difficult to search stuff on there, it's so bad lol

but that's government sites in general for ya

[old cypress]

when did hybe setup ador?

[half knot]

it seems to have been established formally September or November 2021.

[old cypress]

kk q3 or q4 2021

[hoary frost]

first time it appeared on quarterly report for 2022 2Q i think

but label was announced in Nov 2021

[half knot]

and the first time their assets went from 100M won to 16B won was in Q3 2022 report, showing the investment from HYBE

it happened in 2-3 payments iirc, it's been a while since I've looked at this

[old cypress]

ok so they setup ador first then invested in it

[sharp acorn]

here's my observation

[lofty compass]

She demand terminate nj contract

Ador denies

[half knot]

Mel, since the HYBE side article is pinned, perhaps Ador's response should be pinned too.

[dry atlas]

ador statement re: request to sole right to terminate nj contract https://m.entertain.naver.com/article/076/0004140441

[half knot]

❤️ thanks

[dry atlas]

first part wasn't there earlier

[twin cypress]

What’s the tldr of that article?

[acoustic valve]

wow I actually kinda missed pannchoa commenters, I thought I was invested in this drama but they've actually dug through even the cult claims and found extra evidence on top... truly next level. Looking forward to more insights from that crowd about Hybe vs Ador, they clearly going places sane people dare not tread. Picture related:

[acoustic valve]

which one, the ador response? "Hybe is misrepresenting facts, if Hybe would like to keep leaking details about our contract negotiations we might as well just start the negotiations again"

[twin cypress]

Oh so hybe just leaked another thing to slander mhj?

[half knot]

yes basically

[acoustic valve]

yep, its another day that ends in Y afterall

[dry atlas]

https://m.entertain.naver.com/article/076/0004140441

[twin cypress]

What’s their reasoning of why she would want to terminate newjeans contract?

[dry atlas]

ador's full statement

[old cypress]

seems like it. I don't really see why mhj asked to bypass her two bff

[dry atlas]

all sites should just include the whole statement after the article

[mild stratus]

"HYBE’s management used this to infer that Min Hee Jin was on a quest to usurp management rights and power."

[twin cypress]

The articles are cool but the translation just makes it hard to follow

[half knot]

this kind of speculation might come back to bite HYBE during any court proceedings

[dry atlas]

not used to johnny not being yellow

[hoary frost]

the whole hybe ador thing made people convince that SM's decision to pick Kakao over HYBE was the most reasonable and smart hybe image truly in trenches

[old cypress]

https://youtu.be/5FedLH7FPc0

idk if it's the right channel but choreographer is saying that the moves are too similar to newjeans

[acoustic valve]

tbf, it's not exactly a rare opinion...

[old cypress]

of course

[tawdry vessel]

hybe wants the public opinion to sway back in their favor but people arent dumb to buy all the media play

mhj press conference is iconic already

[old cypress]

they bought the media play until mhj's press con exposed hybe

[hoary frost]

https://m.newsen.com/news_view.php?uid=202405020839120410

[tawdry vessel]

mhj said the choreographers were mad so there's that

[hoary frost]

@dry atlas is this new statement

[dry atlas]

gg

they're now trading blows

[acoustic valve]

There's also something to be said that the people in charge (mostly old men) have not truly grasped just how much the media landscape has changed and continues to do so rapidly, you can no longer fabricate and manipulate public opinion the same way you once could with media play (which is primarily exerted through institutional media). They consistently overestimate its ability to do so, as we're witnessing all over the world
eta: It's still extremely powerful... just not capable of changing the tide 180 like it would've been able to even just 10 years ago

[dry atlas]

ador's response to hybe's press release from 4/26: https://m.newsen.com/news_view.php?uid=202405020839120410

is the date correct

[old cypress]

reporters did well taking a bunch of mhj pics they're gonna need these

[hoary frost]

it is really long statement from ador

[half knot]

oof that's a big statement

[old cypress]

neat time to read

[hoary frost]

they mention x30 included boy group forecast

[hoary frost]

someone read it for me

[old cypress]

“They claim that they are providing laptops and downloading existing data to ensure that there is no disruption to work, but this is not true, and the process of confiscating the vice presidents’ laptops without giving them time to download existing work data was also not common sense.” lol

[arctic sky]

Hybe is truly pathetic

[old cypress]

damn the article is a long tldr followed by the actual statement

[dry atlas]

yeah i jump to the statement

next time try to find articles with the actual statements like this one ty

[old cypress]

They psychologically pressured the vice president into signing the consent form to provide information, saying, 'If you cooperate, there will be no problem.' The next day, the vice president's KakaoTalk content will be released to the media. This is a serious invasion of privacy and human rights. holy shit

[dry atlas]

"This should be Saddam

i keep seeing this lol

wonder what's the correct translation

[acoustic valve]

I'd say Hybe would not be dumb enough to commit blatant coercion... but at this point I honestly don't know considering what we know about how they've been executing this takeover of management rights

[old cypress]

drama writers rn :

[half knot]

blatant coercion is even part of their justice system process, it's totally believable.

[hoary frost]

finished reading they kinda ate

[tiny peak]

ADOR always wins (i hope)

[acoustic valve]

private chat, not public, confidential, etc

[half knot]

lol I know it's a huge mistranslation but this should be saddam is just too funny, almost in line with her presscon catchphrase "is this north korean?!!"

[hoary frost]

mhj calling out flawed multi label system again gag it for me

[acoustic valve]

gotta take a few more jabs whilst the stock market is still open

[old cypress]

on earnings day lol

[hoary frost]

fairy grandmother come and buy ador shares

[half knot]

30 minutes before earnings call lol

let's see what happens. the last one didn't go so well for HYBE

[old cypress]

they missed so hard lol

[dry atlas]

is that public

can we listen it

[old cypress]

[half knot]

I think? I don't know https://www.reddit.com/r/bangtan/comments/135km5r/230502_hybe_q1_2023_investor_conference_call_and/

this is from last year this time, and it seems that one could listen in

it's not yet on their site https://hybecorp.com/eng/ir/event/content

[upper solstice]

i am gaining hope of a mutually beneficial resolution every day

[half knot]

it's still not too late

[grim shell]

I missed a lot over the past 24hrs, is it over for Min Heejin?

[old cypress]

In addition, "Hive promised CEO Min Hee-jin an additional 10% of Adore's shares as a stock option when signing the stock sale agreement and shareholder agreement in March of last year." We learned that it was impossible to grant these stock options to CEO Min Hee-jin, and that they were suggested by Hive. It was a matter of ‘trust’. “It was,” he explained the situation. this is new info

[dry atlas]

i thought there would be more yapping

are you guys still digesting it

[old cypress]

seems like ador hired consultants to manage their media comms

[rain spade]

I'm completely lost

[old cypress]

I wonder why the kakaotalk message is not timely despite it being from april 4th

[valid sierra]

because hybe said that ador have been planning to steal management rights since january

[old cypress]

ahhh ic

[valid sierra]

with this, looks like mhj will be staying in ador

[acoustic valve]

i'm gonna renew my supply of copium too

[old cypress]

they just need to reach a deal

there's still time before the shareholder meeting so they're gonna fight and see who has the upper hand

[hoary frost]

for the sake of nj future, it would be best to reach a deal, but its getting messier every day

[urban orbit]

https://www.koreaboo.com/news/ador-min-hee-jin-newjeans-planned-contract-accuse-hybe-response/?fbclid=IwZXh0bgNhZW0CMTEAAR2JN5q2hVRAD-sW610Vfm0gBBqGmCXp_0mhcr2EBA_pPiBIpInbbIpVylk_aem_AauxLt0WJVEzqwrmWV0IogNsK73D8OGpaHY_W3vwm9KKx62jxa-gp9wtWFy91M1Y98MEiFbkt2d98GVSIZKjmXbk

[old cypress]

ador released 2 statements at once, reporters are probably confused atm

oh hybe earnings are out

they missed again @half knot

[serene cloud]

down 73%

[arctic sky]

https://tenor.com/view/blacrswan-gif-26079757

[hoary frost]

give mhj independence and money and she will cook and provide blueprint for kpop for few more generations. ability to use capable people is also skill and hybe seems to lack that skill. what a shame. i pray for the girls well-being regardless of where they will be in the future. i still hope mhj x nj can continue together.

[old cypress]

hybe

[short laurel]

Meaning no breaks for artists

[twin cypress]

That’s what happens when newjeans has yet to drop 😂

Newjeans and bts are the money makers

[short laurel]

Will they push returning bts members to be active asap? Like a month long break is needed at the least after military service

[twin cypress]

They probably panicking off that 73% drop no wonder they want take over newjeans and put them to work

[old cypress]

their justification is little activities in q1 compared to last year and TWS and illit debut costs, but still managed to profit thanks to TWS and illit good sales

[valid sierra]

https://fxtwitter.com/pannchoa/status/1785703579082187023
pannchoa revived and changed sides

[half knot]

big oof, this after their bad performance the previous earning report does not reflect well on them

on top of going on a crusade to destroy one of their fastest growing label and its associated artist and the person responsible for their success...

but I suspect the pseudo-crash that happened with the MHJ fiasco would already account for this bad performance priced in.

[old cypress]

yeah

[acoustic valve]

Knetz dragging up this old article from an SM insider source during last years SM takeover and it's pretty damning of Hybe's system... it's only been proven to be correct since and not mere slander. https://theqoo.net/hot/3212063204?page=1

[serene cloud]

i mean isn't htat what they did for runext, all of the trainees came from all sublabels

[half knot]

it's pretty common knowledge that one of the reasons PLEDIS was bought by Big Hit was their trainee system/program

and that has resulted in a shared pool of trainees in that building that all use the same trainers, coaches, facilities and otherwise

[acoustic valve]

yeah that's something they openly admit, it's the 2nd part of that excerpt which makes the system untenable, the way Bang wants to have overarching control like LSM, yet also maintain "independent" labels. It's a clash of interests that can't be fixed and waiting to blow up

[short laurel]

So hybe doesn't believe in music as they didn't understand creativity at all. They should be sued for their tagline

[acoustic valve]

As it evidently blew up... spectacularly

[half knot]

not enough, they need a reckoning for their arrogance one day

[acoustic valve]

tbf, i was lowkey rooting for hybe during the sm takeover because I bought into their lies about the independent system... if hybe treats ador like this, imagine how awful it would've been for sm

[short laurel]

Hybe sm thing was sooo messy in media n fans. Sm fans wanted neither hybe nor kakao but hybe fans kept thinking that we wanted kakao. N i hated that media play

[acoustic valve]

they dodged a missile with that one... even though kakao is still terrible for different reasons, they wouldn't be actively sabotaging your operations at least

[echo scaffold]

missunderstood sorry

[short laurel]

Yea i m talking about fanwar

Imagine how many groups would've been disbanded or abandoned if hybe won control over sm

[opaque torrent]

i'm not an expert, but i feel like if you engage with the 'feud' in good faith, you should be able to discern what is mediaplay and what is valid. valid as in it might not be necessarily cold hard facts, but a fair concern by either party.

i say this bc without doing that deep of research, its as plain as day to me that the 30x was a negotiation tactic and ador was in the planning stages of forming another group. why did people immediately jump to 'greed' when there are much more reasonable conclusions?

also why can't people pay attention to what can be a direct quote that holds more weight and what is indirectly leaked/speculated to avoid libel?

so far ador has made direct statements from a representative. most of what hybe released, you cannot find a direct source/quote, just leaks and speculations

[echo scaffold]

감사가 시작되고 흑색 여론전이 심각해지자, 민희진 대표의 안위가 심히 걱정된 부대표는 하이브의 주요 경영진을 찾아가 일방적 여론전을 멈춰달라고 요청했습니다. 하지만 하이브 경영진은 지금 민희진 대표를 걱정할 때가 아니라며 '피소될 경우 실무자인 네가 꼬리 자르기를 당하면 물어내야 할 피해액을 어떻게 감당하려고 그러느냐', '가족을 생각하라'는 등의 발언을 하며 하이브에 협조하라고 회유했습니다. '협조하면 문제 없을 것'이라며 부대표를 심리적으로 압박해 정보제공 동의서에 서명하게 하였습니다. 다음날, 부대표의 카톡 내용이 언론에 공개됩니다. 이는 심각한 개인에 대한 사생활 침해이자 인권 침해입니다.

최근 민희진 대표의 법률대리인이 선임계 제출을 위해 용산경찰서에 확인한 결과, “해당 문건을 작성한 당사자인 부대표는 피고발인에서 제외되었음을 확인했습니다”

As the audit began and the black propaganda campaign intensified, the vice president, who was deeply worried about Min's safety, went to Hive's key executives and asked them to stop the one-sided propaganda campaign. However, the Hive executives said that now was not the time to worry about Min, and urged her to cooperate with Hive, saying things like, "If you are a practitioner and get your tail chopped off, how are you going to pay for the damages you will have to pay?" and "Think about your family." They psychologically pressured her into signing the information agreement, saying, "If you cooperate, there will be no problem. The next day, the contents of her KakaoTalk messages are released to the media. This is a serious violation of personal privacy and human rights.

Recently, Min Hee-jin's legal representative checked with the Yongsan Police Station to submit a seniority system, and found that "the deputy CEO, the party who wrote the document, was excluded as a defendant."

DeepL로 번역함 (https://www.deepl.com/app/?utm_source=ios&utm_medium=app&utm_campaign=share-translation)

someone wanted this reference fewdays ago

how mr.A happend to betray her

[opaque torrent]

i feel like that translation is not sufficient

[short laurel]

Soo many people gonna be so done with kpop if hybe got their way 😭

[half knot]

yeah this bit's gonna need a proper translation as well as further expansion

[short laurel]

@lethal hound what do you think of translation here?

[acoustic valve]

Ador by comparison has been dealing with this issue in the public sphere with far more good faith than Hybe, whether that's mostly out of a difference in how much legitimate legal leverage they hold, or just out of a difference in resources available, I'm not too sure yet

[opaque torrent]

https://pannative.blogspot.com/2024/05/ador-ceo-min-heejins-official-statement.html

i think ador is saying, how can the author of the so-called damning documents be excluded from legal action, if hybe was serious about taking action against the perpetrators? this was a targeted attack at ceo min. in hybe's official statement, they said they filed charges against the vp, but they lied.

[tiny peak]

was that supposed to be the "whistleblower" from their original media play

[opaque torrent]

yeah

[tiny peak]

i hate them so much

[serene cloud]

So the VP was the whistleblower?

[opaque torrent]

under blackmail

[serene cloud]

And now he's getting excluded from the lawsuits?

[half knot]

it would not be surprising to eventually learn this executive who had gone from HYBE to Ador and is responsible for taking "sensitive documents" as well as providing the so-called damning evidence was just a trojan horse from HYBE to ruin Ador.

[opaque torrent]

no thats not the point lol

[dry atlas]

is this guy also on ador's board?

[opaque torrent]

no both her vps are her friends from sm

[half knot]

yeah, this person is apparently 2nd in command

[opaque torrent]

this guy released a statement the next day saying the contents of the documents were never conveyed to mhj and i interpret ador's statement as defending him

[tawdry vessel]

No wonder mr a suddenly flipped, his family got threatened. Im sorry mr A and fuck you hybe

[dry atlas]

bod = ceo mhj + VP shin + director kim who all came from sm
mr A = another vp who transferred from hybe to ador

correct?

[opaque torrent]

https://n.news.naver.com/article/001/0014648336 the guy with the damning documents said he never showed them to mhj

ador is saying he was blackmailed to sign some consent form, not realizing they were going to be leaked to the press.

the part about him not being listed as a defendant is suspect to ador because the incriminating documents are his.

maybe i am reading it weird. we need a native speaker lol

[half knot]

this is what I remember from the very first round of articles, I can't confirm its accuracy

[acoustic valve]

yeah this sounds pretty accurate

[opaque torrent]

ahhh i see

[half knot]

there are three other executives aside from MHJ at Ador

plus the auditor who now would sit at their BoD meetings

two of them came with her from SM, another one transferred from HYBE to ador (but is on her side?)

[opaque torrent]

confusion is HYBE's MO

[half knot]

and the entire saga hinges on this hybe to ador executive and the evidence found in his messages and his laptop and his words.

even if I was to give him the benefit of doubt, maybe even unbeknown to him, he was being used to instigate this whole situation, kind of like FBI undercover in radical cells pushing them do to a little terrorism

just so HYBE could turn around and destroy ador and MHJ's reputation

a bit of a setup

[opaque torrent]

on another discord, a lot of my friends were saying if mhj was smart, she would let this guy take the fall... but i am glad she hasn't thrown anyone on her team under the bus. it speaks of her character

[acoustic valve]

it's looking more and more like hybe has a weaker and weaker case on paper, and are instead trying to rely purely on money and everything it buys to try and win this case..... which to be fair is how law works much of the time, so still up in the air for me how this pans out...

[half knot]

it's too much. This has been what, 9 days now?

we've gotten a month or two's worth of drama and revelations in such a short time.

[short laurel]

Considering how bad it had become. N that korea has to promote their upcoming kpop visa thing. It would be bad if court is influenced by hybe's money. Not a good look at kpop

Or korea

[acoustic valve]

we always knew NJ was going to make history... just not in this manner, if NJ and MHJ prevails at the end they'll truly be the nation's GG with or without hybe

[half knot]

if the market leader with around 50% of the market dominated by them is this messy, it def does not paint a good picture of everything in kpop.

[opaque torrent]

its still amazing to me that mhj managed to neutralized that sadistic onslaught of character assassination with her press conference

[tawdry vessel]

this whole thing has been all over south korea and everyone seems to be tuning in so therefore it is hard for hybe to bribe the judges right?

[opaque torrent]

usually the person who pulls the triggers first shapes public opinion

[acoustic valve]

yeah that blatant coercion and tinge of blackmail was the personal touch to bring this drama up another notch, if I was a kdrama scriptwriter I'd do it exactly this way

[short laurel]

O this kdrama will come for sure someday

[opaque torrent]

i dont think shes overreacting when she said they wanted to ---- her

[short laurel]

Bet someone writting a manhwa on it already

[opaque torrent]

k-media has so much blood on its hands

[acoustic valve]

direct bribes are rarely used in our current system... it's all about connections and favors... but i'm hoping even the judge will be too scared to do anything that's not completely by the books given the public attention. Hybe's a big company... but not that important in the grand scheme of korean society

[short laurel]

N there has been nothing from dispatch right? XD

[opaque torrent]

hybe did lose that case a while back against gfriend over IP remember?

[half knot]

Dispatch is just full of positive articles about HYBE artists achievements right now.

Not a peep about this drama after the first salvo. If it was any other company, they'd have 20 page expose by now

[short laurel]

Dispatch credibility was already low. Now it reached negative

[acoustic valve]

people digging up every past controversy they broke and wondering "did hybe pay for this?"

On rereading; this section actually provides a plausible reason as to Hybe overreacted so fast, on top of the longstanding issues. If MHJ was half as scathing in her internal document to Hybe's executives as she is here... I can certainly see petty men with overinflated egos pulling all this off out of spite more than rational thought

[waxen musk]

Just caught up. How the hell does Hybe continue to look worse than the devil himself lol.

[acoustic valve]

truly disappointing... but not surprising

[half knot]

this is what happens when you make a deal with the devil in your cult /hj...

[opaque torrent]

https://x.com/kchartsmaster/status/1785871082471182339 sorry kakao for saying you were the bigger evil

Kpop Charts (@kchartsmaster) on X

The Korean Fair Trade Commission has approved Kakao’s acquisition of 39.86% stake of SM Entertainment shares with corrective measures conditions to ensure fair competition and to prevent damage to customers.

1. Kakao is banned from refusing or delaying music supply requests from…

Twitter · May 2, 2024, 3:17 AM

[acoustic valve]

same... I still hate you Kakao but my apologies for thinking you were more destructive than Hybe to the Kpop industry

[short laurel]

If foolish rich businessman are this bad. What about smart businessman who keeps a good public opinions both outside n inside but in reality is scamming everyone

[short laurel]

Is this about sm album being delayed by 1 week ever cb?

[acoustic valve]

the thing is, the entire system is a scam, you don't need to act like Hybe to make money, and lots of it. If anything, what Hybe is doing right now is counteractive to making money beyond the extremely short-term. But at least smart business people are predictable... unlike what's happening rn

[short laurel]

True

[half knot]

now Kakao Ent can go public with their IPO ...

which they've been meaning to do for years, but now they have their crown jewel (SM)

it's interesting that the Korean FTC imposed a monitoring commission on Kakao specifically with regards to Melon anti-competitive behavior though.

[acoustic valve]

it's honestly a decent and practical method, assuming it's executed in good faith

stonks for kakao, there's some kpop investors with a bit of free cash on their hands rn

[short laurel]

I doubt ftc will allow kakao in ador hype situation

[acoustic valve]

truck currently in front of hybe...

[opaque torrent]

https://www.soompi.com/article/1658566wpp/ador-releases-in-depth-statement-in-response-to-hybes-stance

[acoustic valve]

i meant the retail-traders that dropped their hybe stock over the last week and a half haha

[short laurel]

Ooh

[lucid yarrow]

who sent the truck was it u

[acoustic valve]

i wish

[short laurel]

Any difference between this n previously translated post above?

[opaque torrent]

google translate: D+/C-
pannative: C+
soompi: B

[short laurel]

Ohk

[neon kelp]

LMAO the payback
sooo good

[short laurel]

I'll bother with rereading if we get A translation

[half knot]

soompi's is pretty good, as close as we're gonna get from anywhere I guess.