Celebs in News
Taylor Swift

Taylor Alison Swift is an American singer-songwriter. She is known for narrative songs about her personal life, which have received widespread media coverage. At age 14, Swift became the youngest artist signed by the Sony/ATV Music publishing house and, at 15, she signed her first record deal.

Her 2006 eponymous debut album was the longest-charting album of the 2000s in the US. Its third single, "Our Song", made her the youngest person to single-handedly write and perform a number-one song on the Billboard Hot Country Songs chart. Swift's second album, Fearless, was released in 2008.

Buoyed by the pop crossover success of the singles "Love Story" and "You Belong with Me", it became the US' best-selling album of 2009 and was certified diamond in the US. The album won four Grammy Awards, and Swift became the youngest Album of the Year winner.

Related Rumors
city Seoul North Korea Entertainment BTS exclusive Fighting google man Enterprise city Seoul North Korea

SM Entertainment Cancels Share Issue To Kakao As K-Pop Corporate Battle Intensifies

Reading now: 325
deadline.com

The K-Pop world is currently going through one of its biggest ever corporate dramas, with SM Entertainment, the label of BoA, Girls Generation, EXO and Super Junior, fighting off what its management is describing as a hostile takeover from its rival HYBE, home of BTS.

In the latest development, SM Entertainment said today that it was cancelling a share issue to Korean tech giant Kakao Corp and its Kakao Entertainment subsidiary, in a move that appeared to be an attempt to limit HYBE’s influence.

A court in Seoul said on Friday (March 3) that it was upholding an injunction sought by SM Entertainment’s former chief producer, Lee Soo Man, against the proposal that would have given the Kakao companies a 9.05% shareholding in SM Entertainment, along with an exclusive distribution contract.

If the deal had gone through, it would have made Kakao the second largest shareholder in SM Entertainment behind HYBE. HYBE announced last month that it was acquiring a 14.8% stake in SM Entertainment, in a deal that makes it the entertainment giant’s largest shareholder.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA