It is suspected that SM Entertainment artists will no longer be able to appear on MBC due to the largest shares held by HYBE (HYBE LABELS Collage, SM Entertainment, MBC)
The impact of HYBE LABELS taking over SM Entertainment's largest shares is now starting to be feared.
SM Entertainment artists are expected to find it difficult to appear on various MBC programs due to HYBE LABELS' move.
Given the relationship between HYBE LABELS and MBC which has not been well since 2019.
Previously it was known that HYBE LABELS had become the largest shareholder of the agency founded by Lee Soo Man, SM Entertainment.
HYBE LABELS now owns 14.8% of SM Entertainment shares, purchased from Lee Soo Man for approximately 5 trillion Rupiah.
However, because of this, netizens are now worried that SM Entertainment artists, such as EXO, NCT, and aespa, will no longer be able to attend MBC because of HYBE LABELS' relationship with the television station.
It is known that in 2019, BTS, who was supposed to appear at the MBC Gayo Daejejeon, was absent because they had to appear on the New York Times Square stage.
But BTS can still appear on SBS's year-end show. Although HYBE offered to present BTS' pre-recorded performances, MBC is known to have turned down the offer.
SM Entertainment artists are afraid of being affected by the 'cold war' between HYBE LABELS and MBC.
Making them also unable to attend various MBC programs, such as the Gayo Daejejeon and Music Core.
HYBE LABELS itself is known not only to stop at 14.8% of shares. They plan to take over small shares of SM Entertainment.
40% of the shares are targeted to be controlled by HYBE LABELS, which has the support of Lee Soo Man, on March 1, 2023. /kpopchart.net
