Hybe defends buying into K-pop rival SM Entertainment

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including Hybe CEO Park Ji-won’s defence of his company’s recent acquisition of shares in rival SM Entertainment after its management hit out at the deal, plus concerns raised by two more US senators about TikTok and its Chinese parent company Bytedance and what access the Chinese government has to users and user-data on the video sharing platform. SECTION TIMES 01: Hybe (00:06:51) 02: TikTok (00:19:11) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Hybe CEO defends his company’s bid to control rival SM Entertainment • Hybe boss sets out vision for SM alliance • Two more US senators hit out at TikTok over data concerns • European Commission bans staff from using TikTok on work devices over data concerns ALSO MENTIONED • David Bowie archive acquisition (V&A press release) MORE FROM CMU • Upcoming CMU webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin • Listen to the full Setlist theme tune