who remembers when @NewJeans_twt performed at music expo 2023 rocking murakami x @RTFKT?that was peak NFT / K-POP cross over for me and nothing else comes close.fast forward to 2025, both new jeans and rtfkt no longer exist. this space is brutal af 🥹. https://t.co/tSdpHs3lHw ...

Core Insights - Netflix's animated film "K-POP: Demon Hunter Girl Group" has achieved over 184.6 million views since its release on June 20, making it the platform's highest-viewed original animated film [1] - The film will have a large-scale release in North American theaters on September 23 and 24, featuring a sing-along format for audiences [3] - The film has sparked discussions in South Korea about its representation of K-POP, as it was produced in the U.S. despite its K-POP themes [4] Group 1 - The film tells the story of a girl idol group secretly acting as "demon hunters" against a demon organization disguised as a boy band [3] - It has led to a surge of user-generated content, including covers and dance challenges, with its two theme songs topping North American music platforms [3] - The film's success has prompted reflections on whether it truly represents K-POP, with some experts affirming its K-POP status due to the involvement of many Korean-American creators [4] Group 2 - Cultural commentators suggest that rather than debating the film's K-POP classification, there should be a focus on global competition and establishing a sense of K-POP identity [4] - The film enhances Korean culture as a transnational phenomenon through its depiction of K-POP concerts and fan culture, contributing positively to Korea's national brand value [4] - However, it is acknowledged that the film is a product of American capital and a Hollywood strategy to leverage Asian culture for global audience appeal [4]

Core Viewpoint - Tencent Music Entertainment Group has achieved a market value exceeding $30 billion, entering the top 10 of Chinese internet companies, but faces challenges in user growth and revenue generation as the domestic online music market approaches saturation [3][4]. Group 1: User Growth and Market Position - Tencent Music's user base has been declining, with monthly active users dropping to 555 million in the first quarter, a decrease of 1 million from the previous quarter [3]. - The company is expanding its Korean entertainment resources and investing heavily in acquiring leading audio platforms to counteract stagnation in growth [3][5]. Group 2: Acquisition of Ximalaya - Tencent Music announced the acquisition of Ximalaya for nearly $2.8 billion, aiming to tap into the online audio market [5][6]. - Ximalaya holds a 60.5% market share in listening time, but has faced revenue growth stagnation from 2021 to 2023, with revenues of 5.857 billion yuan, 6.061 billion yuan, and 6.163 billion yuan respectively [6]. Group 3: Long Audio Content Strategy - Tencent Music is focusing on long audio content, including audiobooks and podcasts, to enhance its content ecosystem, leveraging Ximalaya's extensive library [8][9]. - The company aims to create a comprehensive audio ecosystem by integrating music and long audio content, with a particular emphasis on literature and children's content [8][9]. Group 4: K-POP Market Expansion - Tencent Music is heavily investing in the K-POP market, having acquired a nearly 10% stake in SM Entertainment, a major player in the industry [11][12]. - The K-POP market is significant for Tencent Music, with exports to China growing by 76.4% year-on-year, highlighting the potential for revenue growth in this sector [10]. Group 5: Bubble Application Launch - Tencent Music launched the "Bubble" application, allowing fans to interact with K-POP idols, with a subscription fee of 28 yuan per month [13][14]. - The application has gained popularity, with over 2 million global subscribers and an annual revenue of approximately 3.98 billion yuan [12]. Group 6: Challenges and Future Outlook - Despite the strategic expansions, Tencent Music faces criticism regarding the pricing of its new services and the sustainability of its revenue models in a competitive market [14][16]. - The company is attempting to diversify its offerings and find new growth avenues, but the long-term monetization of these strategies remains to be seen [16].

Core Viewpoint - QQ Music has launched a new paid feature called "Bubble," allowing users to chat with celebrity artists for a monthly subscription fee of 28 yuan, aiming to tap into the potential of fan economy and diversify revenue streams [1][3][11]. Group 1: Product Launch and Market Strategy - "Bubble" is a localized version of the Korean LYSN platform's "Bubble," reflecting Tencent Music Entertainment Group's (TME) strategic expansion into the Korean market [3]. - The launch follows a strategic partnership between SM Entertainment and TME, focusing on collaborative projects, IP business, and local performances, thereby establishing a comprehensive cooperation system [3]. - TME aims to provide a variety of paid services to K-POP fans, including online music content, physical album sales, and fan meeting events, leveraging the growing fan economy [3][7]. Group 2: Historical Context and Fan Engagement - The concept of "Bubble" draws inspiration from Japan's fan clubs, which have historically provided exclusive content and benefits to members, proving effective in engaging fans [5]. - The model of paying for additional information and closer access to idols has been validated by successful examples from both Japanese and Korean idol groups [5][11]. - K-POP fans are accustomed to expressing their support through financial means, making the subscription model appealing despite its higher cost compared to traditional music subscriptions [11][13]. Group 3: Revenue Diversification and Consumer Behavior - TME's exploration of fan economy is a response to the need for new revenue channels beyond music subscriptions, especially after previous controversies regarding repeated purchases by fans [7][9]. - The introduction of "Bubble" is seen as a more sustainable approach compared to encouraging repeated purchases for chart rankings, aligning better with fan expectations [11]. - The high willingness to pay among K-POP fans, driven by a culture of support and engagement, positions TME favorably to capitalize on this demographic [13].

Group 1 - The core point of the article is the strategic acquisition of SM Entertainment shares by Tencent Music, marking a significant move in the Korean entertainment industry and enhancing Tencent's position in the K-POP market [1][2][4][5]. Group 2 - HYBE sold its remaining 9.38% stake in SM Entertainment to Tencent Music for 243.3 billion KRW (approximately 1.29 billion RMB), making Tencent the second-largest shareholder after Kakao [1][2]. - The acquisition follows a fierce battle for control over SM Entertainment, where HYBE initially attempted to gain control by purchasing shares from the founder but ultimately retreated due to Kakao's strong position [2][3]. - Tencent Music's investment is part of a long-term strategy to expand its content library and enhance user engagement, leveraging SM's extensive artist training system and IP resources [4][6][7]. Group 3 - The collaboration between Tencent Music and SM Entertainment began in 2019, resulting in significant growth in streaming and sales metrics for SM artists on Tencent's platforms [4][7]. - Tencent Music aims to integrate SM's resources into its operations, enhancing its transition from a content distribution platform to a content production and operation platform [5][7]. - The acquisition is expected to increase Tencent Music's paid subscription appeal, as it will have access to popular K-POP content, potentially raising the average revenue per user [9]. Group 4 - The deal is seen as a strategic move for HYBE to divest non-core assets and focus on its key business areas, such as developing new girl groups and restructuring its labels [3][8]. - SM Entertainment is undergoing a transformation phase, attempting to reduce reliance on a single producer after the departure of its founder, which has led to internal conflicts and financial challenges [3][8]. - The acquisition also positions Tencent Music to capitalize on emerging opportunities in the metaverse and IP development, aligning with its broader strategic goals [7][9]. Group 5 - The financial implications of the acquisition are notable, as Tencent purchased shares at a lower price than HYBE's previous acquisition cost, allowing for potential future value appreciation [7][8]. - Despite the opportunities, there are risks associated with SM's internal management instability and ongoing financial challenges, including the need to pay royalties to the former founder until 2092 [8][9]. - The transaction reflects a broader trend of integration between traditional entertainment companies and internet giants, reshaping the global music industry landscape [8][9].

Group 1 - The article highlights the rising global influence of K-POP, particularly through the success of groups like BLACKPINK, which have become prominent figures in the fashion industry, evidenced by their appearance at the 2025 Met Gala [1][3] - K-POP artists, including BTS and BLACKPINK, have become favored by major brands across various sectors, leading to collaborations and endorsements that enhance their commercial value [3][5] - Newer K-POP groups like NewJeans are also gaining traction with major brands such as Coca-Cola and McDonald's, indicating a trend where K-POP idols are leveraged for brand marketing [3][5] Group 2 - The emergence of K-Brand, which capitalizes on the popularity of K-POP, is evident with the opening of flagship stores like emis in China, showcasing the commercial potential of K-POP's influence [5][7] - The article discusses the evolution of K-Brand from merely using idol collaborations to establishing their own brand identities, focusing on unique marketing strategies and product designs [16][25] - K-Brand's success is attributed to a well-developed star-making system and the strategic packaging of idols, which enhances their appeal to both fans and brands [14][16] Group 3 - The article notes the rise of experiential marketing, such as idol experience venues, which allow fans to engage with K-POP culture in a commercial setting, further extending the influence of K-POP into consumer experiences [8][11] - The collaboration between BLACKPINK's Lisa and CELINE is highlighted as a significant example of how K-POP idols can drive substantial revenue growth for brands, with CELINE's revenue reportedly doubling from €1 billion to €2 billion [11][14] - The article emphasizes the importance of visual culture and branding in K-POP, where aesthetics play a crucial role in attracting consumers and enhancing brand recognition [27][30] Group 4 - The article discusses the increasing globalization of K-Brand, with Korean beauty brands achieving significant export growth, particularly in the U.S. market, which saw a 57% increase in imports of Korean cosmetics [25] - K-Brand's marketing strategies are evolving to incorporate cultural narratives and consumer psychology, allowing them to resonate with a broader audience beyond just K-POP fans [48][50] - The article concludes that the success of K-POP and K-Brand offers valuable lessons for other markets, particularly in leveraging cultural narratives and social media for brand engagement [49][50]