32.1 C
Dubai
Thursday, May 15, 2025
spot_img

Korea Entertainment Producers Association openly criticizes current SM management for conflict with Lee Soo Man

[ad_1]

With the current domestic turmoil SM Entertainmentthis Korea Entertainment Producers Association Issue a formal statement publicly criticizing current management conflict Between SM and the former chief producer Li Xiuman.

On February 15, Korean time, the Korean Entertainment Producers Association, which has about 440 record producer members, issued a statement saying, “We are gravely concerned about SM’s situation

The association first stated, “SM is the representative organization of South Korea, and it is a veritable Hallyu iconic company, laying the foundation for Kpop Hallyu. He is a leader. He is a proud pioneer of Kpop and a legacy that preserves our record producer pride. ” They also stated thatWatching the latest SM scandal, record producers couldn’t hide their shock, anger and confusion.

describe Alignment partnerson behalf of the minority shareholders of SM, as “Wolf with goat’s skin‘ they said, “They don’t care about culture or understanding of production systems and keep changing their language

SM’s current management unilaterally and arbitrarily used a fund company called Align Partners to expel producer Lee Soo-man, without even seeking the understanding or consultation of the largest shareholder and founder Lee Soo-man and his artists.“they said.”This is a hostile M&A initiated by Align Partners, current management and large corporations, so it is a market disruptor

They emphasized that “This is an act of betrayal by SM’s current management“And That Guild”It cannot be condoned.

The association concluded its statement by saying: “We hope that SM will return to normal in the near future, and we will closely monitor the development of SM.We warn the Korean Entertainment Producers Association not to stand idly by if the usurpation of management rights that destroys the industry ecosystem continues



[ad_2]

Source link

Related Articles

UAE Star-Studded 2025 Concert Calendar: Jennifer Lopez, Rod Stewart, and More

UAE  is poised to deliver an electrifying array of concerts and cultural events throughout 2025, featuring performances by global superstars and a diverse mix...

Art Dubai Fair 2025 Shines as Global Cultural Powerhouse Amid Economic Uncertainty

Art Dubai Fair 2025 stood as a powerful testament to the resilience and evolution of the international art scene. The fair defied odds by attracting...

UAE to Witness Rare Astronomical ‘Smiley Face’ in the Sky.

UAE are in for a delightful cosmic treat as a rare celestial event is set to grace the skies on the night of April...

Aurora Magic Continues: Northern Lights Dazzle Skies Across the North

Aurora Magic Continues: Northern Lights Dazzle Skies Across the North The mesmerizing dance of the Northern Lights continues to captivate skywatchers across the northern hemisphere,...

Oscar Piastri Seizes Saudi Grand Prix Victory, Takes Lead in 2025 F1 Championship

Oscar Piastri delivered a commanding performance at the 2025 Saudi Arabian Grand Prix in Jeddah, securing a pivotal victory that vaulted him to the...

Latest Articles