Netizens are reacting differently to the news of LOEN Entertainment investing in A Cube Entertainment.
On November 25th, a post on Pann discussed recent news of LOEN Entertainment buying into a major share of the agency, which handles artists such s Apink and Huh Gak. However, some of the comments reached a number of suspicions that buying into the agency may present a bias in the management of its artists with LOEN Entertainment possibly preferring Apink instead of IU.
As reported, however, A Cube Entertainment will be retaining its own identity without a change of management despite LOEN Entertainment’s acquisition, and will only maximise support between the companies through its network, content production and marketing activities.
Koreaboo has collected reactions from Netizens who commented on the original article from our Korean source. The below comments are the most popular comments at the time of this article being published.
[+ 101, – 15] So Loen bought A-Cube…Loen owns A-Cube…
[+ 98, – 259] So they’re going to end up like Woolim?
[+ 84, – 12] This is the 2nd acquisition between companies but the first was more of a trade in equity so it didn’t have too much meaning but Loen invested 70%?
[+ 35, – 0] It just means Loen owns majority of A-Cube and A-Cube is going to have a lot more to work with nothing more. They aren’t really becoming one company.