Recently, with SM Entertainment's entry into the Korean capital market as a seller, many large entertainment companies focusing on the cultural industry, including Kakao, CJ, NAVER, and HYBE, have become interested in this established entertainment company.
Now let's take a look at SM Entertainment's progress related to the sale of the company's transfer!
As one of the original performing arts planning companies in South Korea, SM Entertainment, which was founded in 1995 by Lee So-man, has successively launched many well-known idol idol groups such as S.E.S, Myth, Oriental Shenqi, Girls' Generation, and EXO by virtue of the great success of H.O.T.
These names alone show that SM has been the best entertainment company in the industry for decades. After the establishment of SM, Li Xiuman maintained the right to operate the company for nearly 26 years.
However, as he grew older, Li Xiuman recently decided to sell 18.73% of SM's shares.
Therefore, at present, many large companies such as Kakao Entertainment, CJ Group, NAVER, HYBE and many other large companies have a strong interest in acquiring SM Entertainment.
It is reported that around the details of the company's operating rights, although Li Xiuman has communicated in detail with a number of alternate enterprises, he has not yet obtained any results.
However, the capital market generally believes that Kakao Entertainment may be the most powerful candidate among several companies.
At present, Kakao Entertainment's "Melon", which is mainly based on music production and distribution, performing arts management, image content, etc., and represented by sound source services, has a very large reputation in the Korean entertainment industry.
Once Kakao Entertainment acquires SM, then the two super large entertainment companies can make greater breakthroughs in many aspects through the "strong alliance".
Because original content such as TV series and movies exclusive to the artist is one of Kakao Entertainment's strengths.
If Kakao Entertainment acquires SM, then a large entertainment group can be formed in the capital market of the Korean entertainment industry after NAVER and HYBE.
It is reported that Kakao Entertainment's direct competitor is actually CJ Group. Although CJ Vice President Li Meijing has been staying in the United States before, in order to acquire SM Entertainment, he has just met with Li Xiuman recently.
CJ E&M, the most representative subsidiary of CJ, is one of the representative enterprises of Korea's cultural industry, and it controls almost all of The music industry in Korea, and its influence is very large.
In addition, CJ E&M also has a series of businesses in many fields such as film, records, and radio channels, and once they acquire SM, its influence is very huge.
Naver and HYBE also wanted to try to buy SM's shares, but in the end Lee Xiuman explicitly refused. As a result, the only competitors that actually acquired SM are currently Kakao and CJ.
As early as a few years ago, Li Xiuman had repeatedly considered selling SM Entertainment. Over the course of these years, Mr. Lee was detained on suspicion of corruption in 2003 and ran into friction with the Fair Trade Commission.
In addition, after his wife died in 2014, he has not been very interested in the operation of the company, so he decided to sell SM Entertainment. While news of the sale of the company has been circulating since a few years ago, the specific list of candidates has only recently been confirmed.
However, after K-POP fans around the world learned that Uncle Man was going to sell SM Entertainment, they strongly discouraged him from thinking twice! Because netizens believe that K-POP music cannot be without SM and Li Xiuman.
After all, an epoch-making performing arts company like SM Entertainment, if it only disappears from the historical stage in the form of a sale, it is definitely a huge loss for fans.
So what do you think of Li Xiuman's practice of selling SM? Feel free to express your views in the comments section.
#李秀满出售SM娱乐 #
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