Yesterday, I’ve learned that a South Korean multinational entertainment company, HYBE Entertainment who is the home of a super popular K-Pop band BTS, became a shareholder for a K-Pop music company, SM Entertainment, which cause a huge controversy for the past week. Correct me if I’m wrong.
I want to know more about shareholders like what they do, what they process. I’ve been surfing the Internet for information and seeing how many labels or companies were under HYBE.
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Yes, that is correct. A shareholder is someone who owns a portion of the company’s stock, which gives them certain rights within the company. Shareholders have the right to receive dividends, vote in corporate elections, and have a say in the company’s direction. Shareholders also have the right to sell their shares in the company and gain profits from any capital gains. HYBE Entertainment is now a major shareholder in SM Entertainment, which means that it now has voting rights and a say in the company’s direction. Additionally, HYBE Entertainment now has access to SM Entertainment’s vast library of music and artists, giving it a major boost in the K-Pop industry.
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