With the brand new and tumultuous feud taking place between ADOR‘s CEO, Min Hee Jin, and HYBE Labels, discussions in regards to the latter Ok-Pop label and its subsidiaries have spiked on-line. At this time, stories of assorted allegations in opposition to Min Hee Jin have been shared, which embrace:
- ADOR’s inside administration (Min Hee Jin, deputy CEOs A and B) receiving exterior consulting relating to ADOR administration, which helped them arrange a plan to take over administration rights from HYBE.
- Min Hee Jin and deputy CEOs A and B leaking data to overseas funding advisors, personal fairness companies, securities agency analysts, and consultants, together with contract data signed between ADOR and HYBE.
- Accusations that that they had secretly tried to govern public opinion on HYBE artists negatively to create a foul impression for HYBE.
- Private artists’ data was leaked, together with images and media of the trainees earlier than their debut, in addition to private well being data.
Additionally, there are accusations made in opposition to Hee Jin that allege she is utilizing NewJeans, ADOR’s single artist, as leverage over HYBE and persuade them to launch fairness of the corporate. She has additionally claimed that BELIFT LAB‘s new lady group, ILLIT, is plagiarizing her personal group.
ILLIT copying NewJeans just isn’t one thing that BeLift Lab did themselves, however HYBE was associated to it as effectively. HYBE, who claims to be the chief of Ok-Pop, was blinded by income, and they’re copying profitable tradition contents with none hesitation in any respect. ADOR has by no means allowed anybody to repeat NewJeans’ outcomes.
— Min Hee Jin
The feud between the 2 events is ongoing, with no clear indication to the way it’s going to finish. It has many followers discussing the potential outcomes, although, and a publish was even made on Reddit in regards to the income of HYBE Labels’ subsidiaries to see how a lot they might lose in the event that they now not had NewJeans.
Unsurprisingly, BIGHIT MUSIC (residence of BTS and TXT) stays the highest-earning of HYBE’s subsidiaries. In 2023, that they had property that totaled as much as about $387.9 million USD, with a debt of $167.8 million USD. Their total revenue final yr got here to $102.4 million USD, with their debt to asset ratio being 43% and their ROA (return on property) ratio coming to 26%.
Pledis Entertainment (which owns SEVENTEEN, fromis_9, and TWS) is their next-biggest earner. Their property totaled $139.3 million USD in 2023, with a debt of $52.9 million USD and total revenue at $44.0 million USD. Their debt to asset ratio was 38%, and their ROA ratio was 32%.
HYBE Japan (residence to &TEAM) surprisingly is their third most-profitable, with $291.4 million USD in property final yr and $125.5 million USD in debt. Their complete income got here to $36.4 million USD, with a debt/asset ratio of 43% and an ROA ratio of 12%.
ADOR is subsequent in line. Their property totaled $45.0 million USD in 2023, spectacular for a still-young lady group like NewJeans. Their money owed got here to $15.9 million USD, with their total revenue coming to $19.4 million USD. Their debt/asset ratio was 35%, and their ROA ratio was 43%.
Their three different subsidiaries — SOURCE MUSIC (LE SSERAFIM), BELIFT LAB (ENHYPEN and ILLIT), and KOZ Entertainment (BOYNEXTDOOR) — had complete income of $8.88 million USD, $3.86 million USD, and -$5.29 million USD respectively in 2023. SOURCE MUSIC’s property had been at $19.5 million USD with money owed at $16.9 million USD, BELIFT’s property had been $38.6 million USD whereas their money owed had been at $18.1 million USD, and KOZ’s property of $10.2 million USD had been outweighed by their debt of $11.3 million USD.
This knowledge was shared on a Reddit publish not too long ago, and right here’s how persons are responding.
Does your opinion on the Min Hee Jin/HYBE feud change with these statistics?
Share This Post
Source: www.koreaboo.com