Tell us a little bit about your position here, and I understand that you've said
that Hyde's offer price for some entertainment is too low.
So give us your rationale. Sure.
Thanks for having me. So, yeah, we own the very latest
disclosed position in entertainment is about 1 percent.
So we didn't disclose any further information more.
But our well, our asked to hire is that given that the board announced this new
plan called S and Deal 3.0, which involves the shift into the market for
you're seeing from a single producer Somali into a five plus market producing
system to increase the volume of the new songs and the launches of the new Idol
groups, we expect that the operating profit and revenue can triple or more in
the next three to five years. And given that, I think that, you know,
the hundred to 120 thousand Kenyan one or deal for price is too low.
We think at least it needs to be meaningfully upgraded.
We're going to come out with a more stronger rationale with the presentation
in the next couple of days. What are you planning to do with a line
stake in Sam depending on if Heim actually goes ahead and offers a higher
price? Yeah.
So we think that if there are two things that we ask for Hive.
One is to increase the share price and also they are just offering to buy just
25 percent of the stake of the public. So they'll be meaning that there be 60
percent remaining public blood there. But we think that could be a meaningful
problem for the shareholders because there'll be a significant conflict of
interest between hype and some entertainment.
If if they don't buy a hundred percent. So we we're gonna push them to buy the
remaining 60 percent as well. At the same price.
So if they don't give on that point, I think we're going to just continue our
campaign and our work to demand that complete buyout.
And if they actually do that and then you take the company private, then we
will have to be we'll be able to sell. But right now, the House plan is just to
buy 40 percent. So I don't think right now their plan is
to to buy the entire stake. What do you think a CAC should do?
Do you think they should come back with a higher offer?
So I don't know. But it's going to be pretty weird in
Korea. It's different from other other parts of
the world. You know, if you own 30, 40 percent and
control the board, then you have basically everything.
You control basically everything. And if CAC end up just owning ninety
nine percent in a sense, then a highball is 40 percent is going to be pretty
accurate. And from CAC perspective, you know, it's
going to be just giving money to hive of 200 million dollars.
So I think it's going to be pretty weird.
So we'll see if that actually have those CAC.
We'll have to do something to defend their strategy position.
So but it's too early to tell if to say, but I'm watching.
Hopefully, you know, there's some some product development, but it's hard to
tell at this moment. As an upcoming board member, I'm curious
as to whether you see the potential for internal strife, because as part of
this, we know that a lot of these artists and producers incapable of
having deep loyalty to founds a. Who do you think this will create
problems down the track? No.
All right, now, so that the new board, so the SEALs, the founder is now out of
the company. He's been here, retire from the company
like like 10 years ago. He's been the producer as deep as the
contractor with the company for the last maybe 10 years.
But yeah, I mean, he is he's been running around.
He's been the head producer. But the day to day work has been done by
the management and the people there. So asset management and the board,
basically, they are now all bond together, especially even dog artists.
They're all with that. My understanding is that, you know,
supporting the new management plan of S M 3.0 even after the retirement of some
money. So there'll be no issue.
And but I think what's going to be an issue is that if high actually end up
acquiring 40 percent all by Sam and tried to control the board, then they
could they could create some problem because the you know, the employees and
the management of this and they have very high pride and, you know, but they
becoming one of the sub labels so high. And, you know, if you think about the
prospect of the artist in that, that's also a big change.
So I'm a little bit concerned that, you know, if that actually happens, there
may some undermine some of the moral of the employees and artists.
Also, there'll be some strategy changes in the direction of the company.