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Hybe vs. Edam - The World Conqueror vs a Local Notable


Yknocker

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Hybe is at least 100 times bigger than Edam.

 

Even we add all of Kakao Entertainment, the chief singer of Edam is the biggest star in Kakao Entertainment, and arguably Kakao itself as seen in this ad

 

 

Kakao launches a webtoon (which is big in Korea) service and it only shows Lee Jieun's face.

 

Since Lee Jieun basically is the face of the entire Kakao company.

 

===

 

Hybe is rumored to try to buy out Mulgogi Music (Mulgogi means 'fish' in Korean), whose sole artist is  the trottist Lim Youngwoong, for about $27 million.

 

However, the owner of Mulgogi, someone who watched over Lim Youngwoong from when he was a nobody, decided against it since he expected to earn more than that amount by promoting Lim Youngwoong. Perhaps he might have remembered what happened to Source Music as well.

 

The very fact that Hybe tried to acquire the trottist shows it is aware that although Hybe has conquered the world, it still has little local presence, so since Lim Youngwoong is the only person in Korea who could counter IU domestically, Hybe tried to acquire him.

 

A local ruler does not fear a king, a dictator or the Emperor of the World. No matter how powerful the adversary is, he , or in this case she, is supreme in her turf. With all these arrangements going on for years, she knows eventually the ruler will go away while she and her clan will still be ruling the town.

 

So, no matter how successful Hybe will become, it will never really be able to eliminate Edam since Edam will retain local support , no matter what.

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Korea's music indusrty isn't self-suffiecent complety yet, which is why it relies on exporting to other industries (West, China, Japan, etc.) to make more money. Until they're able to change that, local stardom will always be less profitable then global stardom overall....However local stardom do provide easier access to local public recognition and legacy.

 

 

 

_________

 

"Hybe is rumored to try to buy out Mulgogi Music (Mulgogi means 'fish' in Korean), whose sole artist is  the trottist Lim Youngwoong"

9/2/2021 - HYBE Denies Reports Of Their Acquiring Lim Young Woong’s Agency https://www.soompi.com/article/1486938wpp/hybe-denies-reports-of-their-acquiring-lim-young-woongs-agency

 

 

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1 hour ago, satoori said:

Korea's music indusrty isn't self-suffiecent complety yet, which is why it relies on exporting to other industries (West, China, Japan, etc.) to make more money. Until they're able to change that, local stardom will always be less profitable then global stardom overall....However local stardom do provide easier access to local public recognition and legacy.

 

 

 

_________

 

"Hybe is rumored to try to buy out Mulgogi Music (Mulgogi means 'fish' in Korean), whose sole artist is  the trottist Lim Youngwoong"

9/2/2021 - HYBE Denies Reports Of Their Acquiring Lim Young Woong’s Agency https://www.soompi.com/article/1486938wpp/hybe-denies-reports-of-their-acquiring-lim-young-woongs-agency

 

 

I said 'rumored', and since the deal fell through Hybe is denying

 

If it went through, we would have seen a pic of Lim Youngwoong shaking hands with Mr. Bang and a BTS member.

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3 minutes ago, Yknocker said:

I said 'rumored', and since the deal fell through Hybe is denying

 

If it went through, we would have seen a pic of Lim Youngwoong shaking hands with Mr. Bang and a BTS member.

possibly. tho according to the article hybe confirmed again that theY didn't seak out a deal. 

 

lol bts(?) ...SJLLSLFJFKDLS

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41 minutes ago, satoori said:

possibly. tho according to the article hybe confirmed again that theY didn't seak out a deal. 

 

lol bts(?) ...SJLLSLFJFKDLS

That's what the companies say for a failed deal since the person doing the negotiation loses face.

 

Lim Youngwoong is fairly big in Korea, and if he did join Hybe a BTS member would probably have been there to greet him.

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5 hours ago, Yknocker said:

A local ruler does not fear a king, a dictator or the Emperor of the World. No matter how powerful the adversary is, he , or in this case she, is supreme in her turf. With all these arrangements going on for years, she knows eventually the ruler will go away while she and her clan will still be ruling the town.

I like how dramatic this reads considering you're talking about 2 different companies, art

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8 hours ago, Yknocker said:

That's what the companies say for a failed deal since the person doing the negotiation loses face.

 

Lim Youngwoong is fairly big in Korea, and if he did join Hybe a BTS member would probably have been there to greet him.

True. Tho the second confirmation seem ed quite adamant FGHJKFSSJK

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Assessing Kakao M merely by the musical acts/labels under it, is a poor way to judge it. It has a huge chunk of the Music distribution market, owns Melon etc. Its revenues are not dependent on in-house labels or subsidiaries alone -even if one of them is the giant IU.

Do you think the projected IPO valuation of Kakao M, 18 billion dollars is just because of IU, come on?

As to Lim Youngwoong, I am betting on IU doing a collab with him soon, which should bring out fantastic lamentation pieces from you. 

I look forward to those. 

 

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