Tumgik
#again we dont know anythinggoing on behind the scenes so like....its anyones guess at this point
nako-doodles · 2 years
Note
does hybe largely = bangpd? bc i thought he'd have them in his best interest :/ i know he stepped down but i honestly dont know too much about the behind the scenes stuff. dont the guys have a lot of stock in h*be too?
well yes and no. hybe is a corporation that is owned by bang (who has....almost 35% of the shares) w 7 different companies under it, including bighit music, which manages bts. bts owned almost 500k shares before nam2seok sold....30ish k shares in 4th quarter 2021? so about 1% of the shares. i know when bang stepped down to be producer/chairman, the dude who used to be ceo of nexon became the next ceo. the last co-ceo of bighit ent is now ceo of the american branch of the company w ugh sco*ter br*un .
tldr; we've entered the mike eisner part of hybe's board aka more ip more money more expansion more monopolization. bang pretty much holds substantial deciding power but can still be overruled. and bts have creative powers and annual vacay re: their renegotiated contracts but idk of much else. their stocks are largely symbolic (a HUGE symbol but a symbol nonetheless since they cant buy more bc theyre employees and trading them is a dicey game bc #insider knowledge)
3 notes · View notes