K-Pop Stars Quit Hybe in Shock Revolt That Slams Studio’s Stock

by
Post Views: 133


K-pop superstars NewJeans pulled the plug on their partnership with Hybe Co., escalating an unprecedented uprising that’s transfixed South Korea, wiping out as much as 7% of the studio’s value on Friday.

The chart-topping girl group called a surprise conference Thursday night and declared an immediate termination of an exclusive and money-spinning contract with Hybe-affiliate label ADOR. It’s one of the more dramatic actions in the history of an industry whose biggest stars are often locked into demanding, multi-year pacts — and are typically reluctant to protest publicly. 

Hybe, best known for catapulting the careers of global sensation BTS, has lost more than $1 billion of its market value since April, when longtime NewJeans manager Min Hee-jin was sidelined by an internal company dispute. The group’s members threatened in September to walk out unless Min was reinstated — a threat they’ve since repeated and now made good on.

The action is likely to trigger a legal battle between the artists and Hybe, South Korea’s largest and most influential music company.

“We are well aware that from today we may not be able to use our current name NewJeans,” NewJeans member Danielle said during the Youtube stream. “However, that doesn’t mean that we are giving up on the name at all. We will continue to fight for new dreams regardless of our name. Just remember that NewJeans never dies.” 

In response, ADOR expressed regret over the group’s decision and claimed the company has not violated the contract. With a few years left on their original agreement, that objection from the management company may result in legal actions that could drag on for months or years. 

“The exclusive agreement between ADOR and the NewJeans members remains in full effect,” ADOR said in a statement via Hybe representatives. “Therefore, we respectfully request that the group continue its collaboration with ADOR on upcoming activities, as has been the practice to date.”

A representative for NewJeans said the group may go through legal proceedings if necessary once they hire a lawyer. It is unclear how the group can continue their activities, whether through a new entity or with another record label. 

The internal strife was sparked when Hybe accused Min of attempting to seize control of the label. She refuted the allegation and publicly denounced the studio.

Min, who owns an 18% stake in ADOR, was ordered by its board to step down from the top management role, while remaining a board member and producer. That’s when NewJeans sent their ultimatum to Hybe, demanding the firm reinstate their ousted producer. Instead, Min stepped down from the board and left the company last week, warning of legal action. 

NewJeans debuted in 2022 as a five-member act and quickly became one of the most popular K-pop bands globally, with hits like Attention and Super Shy. The group helped the music label generate about 110 billion won of revenue last year, contributing to about 5% of Hybe’s consolidated sales. 

“We would certainly love to continue working with Min if we can,” said another member, Minji.

With assistance from Denny Thomas.

This article was generated from an automated news agency feed without modifications to text.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess



Source link

13 thoughts on “K-Pop Stars Quit Hybe in Shock Revolt That Slams Studio’s Stock”

  2. Golden Star Casino läuft schon seit 2012 und wird von Dama N.V.
    Nichts Kompliziertes, einfach ausfüllen und fertig.
    Die Mindesteinzahlung ist niedrig gehalten – gut für Leute, die erstmal
    vorsichtig testen wollen. Der Support ist rund um die Uhr da, falls mal was nicht klappt.
    Was die Spielauswahl angeht – wir reden hier von über 4.000 Spielen von mehr als 70 verschiedenen Anbietern. Also, Golden Star Casino gibt’s schon seit 2012 und
    hat sich über die Jahre ziemlich gut entwickelt.

    Das Programm bietet sechs Stufen mit immer günstigeren Umtauschkursen für Punkte.
    Golden Star Online Casino bietet eine Vielzahl von Boni, um die Spieler zu motivieren und zu beschäftigen, wie z.B.
    Die automatische Anwendung des Bonus vereinfacht den Prozess für neue Spieler.

    Derzeit bietet das Casino keinen Golden Star Casino No Deposit Bonus oder Golden Star
    Casino No Deposit Bonus Codes an. CasinoFM bietet dir einen kostenlosen Vergleich von Online Casinos, durchgeführt mit reichhaltiger
    Expertise. Danach lliegt es am jeweiligen Zahlungsanbieter, wie schnell dir deine Gewinne
    gutgeschrieben werden.

    References:
    https://online-spielhallen.de/wildz-casino-auszahlung-der-ultimative-guide/

    Reply

  3. TOP Online Casinos in Deutschland ⭐ Von Experten geprüfte Auswahl ab Januar 2025 JETZT
    Spielen ♥ Slots, ♢ Tischspiele, ➤ Jackpots und ♤ Live-Casino
    Games. Das beste Online Casino und Spielauswahl, diese beiden gehören einfach zusammen. Ein Kundendienstteam, das 24
    Stunden am Tag und sieben Tage die Woche zur Verfügung steht,
    was das beste Online Casino anbieten sollte, ist schon mal ein guter Anfang.

    Dieser Zahlungsanbieter ist mit PayPal vergleichbar und
    ermöglicht die Ein- und Auszahlung über ein Online-Konto in Minutenschnelle.
    Jeton wird recht häufig bei Casinos ohne deutsche Lizenz akzeptiert.

    Sie bieten Schutz vor neugierigen Augen und sind besonders bei Highrollern beliebt.
    Bequem und bewährt in den Top Kreditkarten Online Casinos für deutsche Spieler.

    Zu den wichtigsten Kriterien gehören Sicherheit, Lizenzierung,
    Spielauswahl sowie Banking Methoden. Besonderen Wert legt er bei der
    Bewertung auf die Seriosität und Sicherheit eines
    Casinos online. Strengen Einsatzlimits gelten und Anbieter an der deutschlandweiten Sperrdatei
    teilnehmen. Mit dem Inkrafttreten der neuen Glücksspielregulierungen gibt es einen verstärkten Fokus auf den Spielerschutz für deutsche Nutzer, sodass z.B.
    Mit dem Inkrafttreten der neuen Glücksspielregulierungen gibt es einen verstärkten Fokus auf den Spielerschutz für
    deutsche Nutzer. Das Bwin Casino überzeugt in unserem Bonus Vergleich nicht nur mit einem Willkommensbonus von 100%
    Gratis Guthaben bis zu 300 € sowie mit 200 Free Spins am
    beliebten Legacy of Dead Slot.

    References:
    https://online-spielhallen.de/novoline-casino-aktionscodes-ihr-schlussel-zu-mehr-spielspas-und-gewinnen/

    Reply

  4. Brisbane grew as a river port serving pastoral
    districts and the Moreton Bay islands, while German and Scottish migrants
    established early agricultural settlements, notably the Zion Hill Mission at Nundah in 1838 and Fortitude Valley named after the Fortitude.Brisbane became the
    capital of the newly separated Colony of Queensland in 1859.
    In response, British forces, including detachments of the 99th and later 11th regiment launched several armed operations through York’s Hollow between 1846 and 1848.
    Raids and ambushes were carried out across the developing settlement, including at
    Breakfast Creek, South Brisbane, the Sandgate district and the Pine Rivers.
    The Brisbane district became a major front of the
    War of Southern Queensland (1843–1855), involving coordinated resistance from Yuggera and Turrbal groups, with support
    from neighbouring Ningy Ningy people, under leaders such as Dundalli, Yilbung and
    the Duke of York.
    The Brisbane River (Maiwar) formed the heart of cultural, economic
    and ceremonial life, with major camps at Barambin (York’s Hollow), Woolloon-cappem (Kurilpa) and Musgrave Park.The central city peninsula was traditionally known as Meeanjin. The city is known for
    its cultural heritage, architecture, museums and galleries, festivals and public art, food, music, sports and active lifestyle, and its
    numerous parks and gardens. Mr Hughes said Star would likely look to
    shore up some of its stronger assets, including the Brisbane casino, ahead of the 2032 Olympics.
    In March, Star, which operates casinos in Brisbane, the Gold Coast and Sydney, had reached an agreement with
    the owners of the other half of Brisbane’s Queen’s Wharf casino and hotel development to take over its 50 per cent stake.

    Mr Costello said it was more in the public interest to let the facility be sold off for “a shopping centre” than to
    prop up a failing casino with taxpayers’ money.

    References:
    https://blackcoin.co/crown-perth-in-depth-guide/

    Reply

  5. Either way, the best casino sites always have a huge variety of games that you can play in demo mode to get a
    feel for them. The software providers behind
    an online casino form the backbone of your gaming experience.
    Look for reputable online casinos with reliable payment options like Visa, Mastercard, and
    e-wallets such as MiFinity and eZee Wallet. If you’re
    looking for exciting new online casinos in Australia,
    there are a few essential things to know.
    All reputable online casinos on our list are optimized for smartphones,
    so you can explore them using your device’s native browser.
    After checking dozens of the best Australian online casinos, we found Neospin to be
    the most trusted.
    Many international sites welcome Australian players operating in a
    legal grey area. Players can access mobile
    casinos through HTML5-enabled in-browser play, which doesn’t require
    downloads, or via dedicated apps for iOS and Android devices.

    Quality customer service separates a good online casino from
    a great one.

    References:
    https://blackcoin.co/best-paying-online-casinos-australia-high-rtp-pokies-2025-update/

    Reply

  6. Food lovers will find over a dozen award-winning restaurants and bars, including Nobu, Bistro Guillaume, and Epicurean. The fully licensed
    casino offers hundreds of pokies (slots), classic table games such as blackjack,
    roulette, and baccarat, as well as exclusive VIP salons.
    It combines high-end casino entertainment, 5-star accommodation, live performances, and premium hospitality in one breathtaking location.
    With everything you need for an unforgettable stay,
    this family-friendly accommodation also boasts a world of entertainment at your doorstep.
    Crown Metropol is a vibrant and distinctly different hotel
    located in the bustling heart of Crown Perth.
    For poker players, a personalized experience discreet gaming in secluded
    rooms with strict safety and security measures. There are a
    variety of excellent pubs and restaurants in addition to the excellent
    casino atmosphere. Fortunately, the 24-hour casino is
    open at all hours of the day and night.

    References:
    https://blackcoin.co/australian-no-deposit-bonus-codes/

    Reply

Leave a Comment