> South Korea’s four major entertainment companies—HYBE, SM, JYP, and YG Entertainment, are moving to establish a joint venture to create a global festival.
>
> The plan is to hold a festival domestically every year starting in December 2027 and expand it into a global festival touring major cities around the world starting in May 2028.
>
> „Specific governance structures, such as the composition of the CEO and the structure of the board of directors, have not yet been finalized.”
They saw NCAA conference realignment making a power4 and said hold my beer.
blackflamerose on
Huh. Interesting. If this goes anywhere I would be keeping an eye on it to see the results.
3-X-O on
Not sure how to feel about this one
TravelBeauty20 on
So…….are they trying to get around SBS, MBC, and KBS? It sounds like they’re trying to compete with the year end shows.
They want a December festival in Korea, which is cold then. It can’t be a true music festival with multiple stages and overlapping performances in an indoor venue.
99-dreams on
Manifesting a BTS-Exo-Red Velvet-Twice-Blackpink album, just for fandom chaos :p
But in all honesty, definitely hoping for some collabs between these labels as a special album or something
SarahJFroxy on
Coachella competitor 🔥🔥🔥
no but really I just know GA tickets are gonna be $1200 per day 🫠💀
JohnCenaJunior on
They are going to invest in a ai startup, aren’t they?
Big_Yak5396 on
cautious yet extremely curious to see what this winds up being. not holding my breath because 3/4 of these companies consistently piss me off but for all of their names to be in the same headline without it outright involving some sort of stock turmoil or fan-waring…….. something interesting will surely come out of this, right?
Efficient_Summer on
Create a festival that will surpass Coachella. So we don’t have to send our bands there.
First Hybe tried to buy Coachella, now this. Interesting times..
AccurateInflation167 on
Hell yea WE JUMPIN WE POPPIN WE JOPPING 2.0
CaramelDays on
Hear me out…Squid Game: Idols
Moist-Coach-60 on
They want their coachella
candybuttons on
the lebanese power in this festival alone could save me
Extendableskeleton on
Wasn’t this something JYP himself wanted to have happen in the future? Am I remembering it correctly?
Maybe he was the one to head this idea.
sweet_arachne on
i mean, i wouldn’t *mind* an event where i can see a bunch of my favourite groups at once. i’m not sure i trust it though, and it’ll probably be a bloodbath trying to get near any stage.
emeraldrose1 on
Very intrigued to see how a festival jointly run by companies with fairly different performance approaches will operate. However, I can already tell the lineup (and therefore ticketing) will be crazy! I envy any fan who will be able to attend the first iteration 🙂
betchugonlikeme on
this feels….. important like in 5 years we’ll all come back to this post and be like „damn we had no idea what was coming“
Nynasa on
We’re getting interactions like never before
Chemical-Drawer-8425 on
maximizing their joint floppery /ref
kr3vl0rnswath on
It sounds more like KCON than Coachella.
KilluaGaKill on
I wonder if JYP felt betrayed when he saw reports of HYBE trying to buy Coachella.
ebeka on
i mean it sounds kind of interesting, but tbh the ones who’d suffer most are smaller companies that can barely keep the lights on rn.
and the cycle would just get worse. nugu groups pioneer something fresh, it blows up, and then suddenly one of the big four makes a polished version of that exact sound and the original gets buried. and now this. imo not great for the *kpop ecosystem*
random_person0902 on
Could you imagine if they made an album with songs from all the performing artists and groups. The absolute chaos that would be.
In actuality though, I wonder if they are all just sick of how 3rd party companies run award shows so they decided to fight fire with fire and go by „the enemy of my enemy is my friend“ route.
Odd_Ad5840 on
Planting the seed for a league of Kpop groups, legitimising sportification of kpop.
RemindMe! 5 years
ExternalRound1805 on
I feel bad for all the artists and groups from smaller labels. Im so sick of capitalism ruining everything
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> South Korea’s four major entertainment companies—HYBE, SM, JYP, and YG Entertainment, are moving to establish a joint venture to create a global festival.
>
> The plan is to hold a festival domestically every year starting in December 2027 and expand it into a global festival touring major cities around the world starting in May 2028.
>
> „Specific governance structures, such as the composition of the CEO and the structure of the board of directors, have not yet been finalized.”
https://x.com/YGFacts_sprt/status/2044601877015539721
Damn it, I was hoping for a supergroup
They saw NCAA conference realignment making a power4 and said hold my beer.
Huh. Interesting. If this goes anywhere I would be keeping an eye on it to see the results.
Not sure how to feel about this one
So…….are they trying to get around SBS, MBC, and KBS? It sounds like they’re trying to compete with the year end shows.
They want a December festival in Korea, which is cold then. It can’t be a true music festival with multiple stages and overlapping performances in an indoor venue.
Manifesting a BTS-Exo-Red Velvet-Twice-Blackpink album, just for fandom chaos :p
But in all honesty, definitely hoping for some collabs between these labels as a special album or something
Coachella competitor 🔥🔥🔥
no but really I just know GA tickets are gonna be $1200 per day 🫠💀
They are going to invest in a ai startup, aren’t they?
cautious yet extremely curious to see what this winds up being. not holding my breath because 3/4 of these companies consistently piss me off but for all of their names to be in the same headline without it outright involving some sort of stock turmoil or fan-waring…….. something interesting will surely come out of this, right?
Create a festival that will surpass Coachella. So we don’t have to send our bands there.
one of them watched this and was like damn i miss that https://youtu.be/i3BxCdaCjE0?si=4C90tO_JJeL57rwe
First Hybe tried to buy Coachella, now this. Interesting times..
Hell yea WE JUMPIN WE POPPIN WE JOPPING 2.0
Hear me out…Squid Game: Idols
They want their coachella
the lebanese power in this festival alone could save me
Wasn’t this something JYP himself wanted to have happen in the future? Am I remembering it correctly?
Maybe he was the one to head this idea.
i mean, i wouldn’t *mind* an event where i can see a bunch of my favourite groups at once. i’m not sure i trust it though, and it’ll probably be a bloodbath trying to get near any stage.
Very intrigued to see how a festival jointly run by companies with fairly different performance approaches will operate. However, I can already tell the lineup (and therefore ticketing) will be crazy! I envy any fan who will be able to attend the first iteration 🙂
this feels….. important like in 5 years we’ll all come back to this post and be like „damn we had no idea what was coming“
We’re getting interactions like never before
maximizing their joint floppery /ref
It sounds more like KCON than Coachella.
I wonder if JYP felt betrayed when he saw reports of HYBE trying to buy Coachella.
i mean it sounds kind of interesting, but tbh the ones who’d suffer most are smaller companies that can barely keep the lights on rn.
and the cycle would just get worse. nugu groups pioneer something fresh, it blows up, and then suddenly one of the big four makes a polished version of that exact sound and the original gets buried. and now this. imo not great for the *kpop ecosystem*
Could you imagine if they made an album with songs from all the performing artists and groups. The absolute chaos that would be.
In actuality though, I wonder if they are all just sick of how 3rd party companies run award shows so they decided to fight fire with fire and go by „the enemy of my enemy is my friend“ route.
Planting the seed for a league of Kpop groups, legitimising sportification of kpop.
RemindMe! 5 years
I feel bad for all the artists and groups from smaller labels. Im so sick of capitalism ruining everything