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Netizens Level Out Discrepancy In SM Leisure's Claims That HYBE Is Inflicting Excessive Ticket Pricing In K-Pop - K-pop News
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Netizens Level Out Discrepancy In SM Leisure’s Claims That HYBE Is Inflicting Excessive Ticket Pricing In K-Pop

They raised some points within the factors made by the corporate’s CFO.

On February 20, SM Leisure‘s CFO Cheol Hyuk Jang uploaded a video on the official YouTube channel of the label, expressing his issues concerning the “hostile” takeover of the corporate by HYBE. 

| SMTOWN/YouTube

Within the video, Cheol briefly defined why he’s in opposition to the acquisition, stating three points that may come up from the merger.

SM Leisure Discloses Three Main Considerations For Their Firm And Artists Amid HYBE’s Takeover

He additionally defined his worry that HYBE’s acquisition of SM Leisure will create a market monopoly in K-Pop, which, in response to Cheol, will solely harm K-Pop followers. Taking ticket costs for example, Cheol said that HYBE has taken “benefit of its place within the K-pop market” to cost greater ticket costs. In distinction, SM has saved ticket costs decrease “to permit a broader scope of followers to get pleasure from cultural performances.”

| SMTOWN/YouTube

A graphical illustration on the display confirmed the distinction between the live performance ticket costs of SM artists and HYBE artists. Cheol claimed that other than the unique subsidiaries, HYBE additionally bumped up the ticket worth for its acquired labels. Following this pattern, Cheol stated that an HYBE and SM merger would solely harm concert-goers.

The consolidation of SM and HYBE will speed up the ticket worth enhance, including burden to followers who love and help K-Pop and K-Pop artists.

—Cheol Hyuk Jang

However netizens usually are not satisfied of the logic supplied by the SM CFO. A number of hours after the video was out, the ticket pricing challenge turned a sizzling matter on social media. Those that opposed the reason raised two counter-arguments.

First, netizens argue that as HYBE manages the most important K-Pop group on the earth, BTS, live performance ticket costs are certain to be greater. However even then, netizens imagine the costs are truthful compared to these for Western artists.

Second, netizens famous that the worth factors included within the graphics are completely different for the 2 labels. Particularly talking, the illustration in contrast the common ticket costs of aespa‘s live performance and the V.I.P. ticket costs for TXT‘s live performance, which embrace advantages like sound verify. When comparable tickets are thought-about, there’s little worth distinction between SM and HYBE’s concert events.

Some individuals additionally identified that larger venues and dearer stage manufacturing are legitimate components that may enhance HYBE’s live performance ticket pricing greater than opponents, however not past an inexpensive certain.

Take a look at extra about this challenge right here:

SM Leisure Releases Video Denouncing HYBE’s Takeover Of The Firm, Vows To Shield SM As It Is

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