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Kakao Cancels SM Entertainment Investment After Court Order
HYBE’s plan to control competing K-pop company SM Entertainment and thwart a partnership with tech company Kakao took another step forward on Monday when Kakao, responding to a court injunction,...
View ArticleKakao Launches Tender Offer to Buy 35% of SM Entertainment
South Korean tech company Kakao will launch a tender offer to acquire up to 35% of SM Entertainment’s outstanding shares, following a court injunction that scuttled SM’s plan to issue new shares and...
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HYBE v. Kakao: SM Entertainment Shareholders Weigh K-Pop Powerhouse’s Future
SM Entertainment shareholders have until the end of the month to weigh two competing visions for the South Korean music company’s future before its annual general meeting on March 31 — one from SM and...
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Kakao Buys 44% of HYBE’s SM Entertainment Shares, Increasing Stake to 40%
Kakao Corp. and its subsidiary, Kakao Entertainment, increased their share of K-pop company SM Entertainment to 39.9% from 4.9% after purchasing 1.66 million shares from HYBE. That left HYBE with 54%...
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SM Entertainment Artists to Join HYBE’s Weverse Platform Under New Partnership
HYBE announced Monday (Sept. 17) that a dozen solo artists and music groups on the SM Entertainment roster will join its global fan community platform, Weverse, in September. Those artists, who have...
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SM Entertainment and Kakao Launch Joint Division in North America
South Korean companies SM Entertainment and Kakao Entertainment have launched what they are calling a “local integrated corporation” in North American as part of previously hinted-at efforts to...
View ArticleK-Pop Stocks Sink as Member of EXO Leaves for New Agency
Shares of K-pop companies sank this week following news that a member of K-pop ground EXO is leaving SM Entertainment for a different agency. According to reports, D.O. will leave SM Entertainment for...
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Kakao Executive, Company Indicted for Alleged SM Entertainment Stock...
In a stunning wrinkle in the fevered battle between Kakao Corp. and HYBE for a controlling stake in K-pop company SM Entertainment, Kakao’s chief investment officer was indicted Monday (Nov. 13) for...
View ArticleThe 10 Biggest Music Business Deals of 2023
K-pop’s growth has reshaped the music business and given financial fuel to ambitious companies with global ambitions. In 2023, this trend was made evident by how many times Korean companies were...
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The Deals: K-Pop Giant Kakao Signs Licensing Pact With NetEase; Lil Durk...
NetEase Cloud Music struck a licensing agreement with South Korean music company Kakao Entertainment that will allow NetEase to distribute Kakao’s catalog in China. Both companies will work together...
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