> 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 sort of “festival” this winds up turning into. 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 (at the very least) 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.
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.
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
concerned_concerned on
this seems like an antitrust law violation lmao. south korea is so unserious tho they barely have any antitrust enforcement and everything there is a monopoly. idk if other antitrust authorities in other jurisdictions will have anything to say
oriverion on
Japan alr have several big festivals that are known. It’s about time Korea make their own.
They shouldn’t aim to compete with Coachella.
Conjo_ on
kcon 2: electric boogaloo
sadhermitcrab on
I thought this was r/kpoopheads for a second
Megan235 on
How is that not an attempt at monopolization?
When all of the biggest market share owners decide to get together to create a product so big it makes it virtually impossible for any outside company to compete with or join they are creating a monopoly.
In a lot of countries that is illegal and would be stopped by the regulatory bodies.
Equivalent-Hunt-2004 on
So now it’s going to be the main festival and groups from smaller companies will be again thrown under the bus, just make the tight control they have over the industry even tighter great
flywithpeace on
They decided that the current drama is not enough so they are quadruple
Ing it and giving it to the next generation.
Far-Highway-3595 on
I don’t think this will go forward like a global festival is ok if its in one place and fix date every year but touring major cities around the world? Won’t it hinder the groups own schedules tho 🤔
riverskrt on
Is this the avengers???
andrmdnt on
I mean Weverse Con does have smaller artists too, so I don’t know that smaller companies would be completely locked out of this.
But I’m not sure I want to go to a festival filled with ONLY kpop stans. I feel like it might be a bit of a nightmare.
BLaCKwaRRioR37 on
so its kcon but only for the big 4
MyFartsSparkle on
the four horsemen of the kpopcalypse probably
creative007- on
Regarding the concerns: Livenation has a near monopoly, 4 companies holding a festival together don’t
40 Comments
> 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 sort of “festival” this winds up turning into. 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 (at the very least) 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
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 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
this seems like an antitrust law violation lmao. south korea is so unserious tho they barely have any antitrust enforcement and everything there is a monopoly. idk if other antitrust authorities in other jurisdictions will have anything to say
Japan alr have several big festivals that are known. It’s about time Korea make their own.
They shouldn’t aim to compete with Coachella.
kcon 2: electric boogaloo
I thought this was r/kpoopheads for a second
How is that not an attempt at monopolization?
When all of the biggest market share owners decide to get together to create a product so big it makes it virtually impossible for any outside company to compete with or join they are creating a monopoly.
In a lot of countries that is illegal and would be stopped by the regulatory bodies.
So now it’s going to be the main festival and groups from smaller companies will be again thrown under the bus, just make the tight control they have over the industry even tighter great
They decided that the current drama is not enough so they are quadruple
Ing it and giving it to the next generation.
I don’t think this will go forward like a global festival is ok if its in one place and fix date every year but touring major cities around the world? Won’t it hinder the groups own schedules tho 🤔
Is this the avengers???
I mean Weverse Con does have smaller artists too, so I don’t know that smaller companies would be completely locked out of this.
But I’m not sure I want to go to a festival filled with ONLY kpop stans. I feel like it might be a bit of a nightmare.
so its kcon but only for the big 4
the four horsemen of the kpopcalypse probably
Regarding the concerns: Livenation has a near monopoly, 4 companies holding a festival together don’t