@idol.filter: J.Y. PARK SAYS HE HAD TO PERSUADE HYBE, SM & YG TO JOIN FANOMENON! 👀 J.Y. Park spoke at the National Assembly about the upcoming FANOMENON festival and the cooperation between HYBE, SM Entertainment, YG Entertainment and JYP Entertainment. The four agencies have established a separate company for the project, with each contributing the same amount of capital and holding equal voting rights. J.Y. Park explained that the companies' leading artists could earn two to three times more if they held their own concerts instead of participating in FANOMENON. He said this meant the agencies would have to sacrifice tens of billions of won in potential earnings over the next few years. He admitted that convincing them to make this sacrifice was difficult, saying, "I begged YG, I begged SM and I begged HYBE". However, the four agencies ultimately agreed because they believed in the festival's long-term vision and its potential impact on the wider K-culture industry and other sectors. FANOMENON is currently planned for December 2027 and will combine K-pop concerts, a fan-voted awards ceremony and various K-culture programs. #kpop #yg #jyp #hybe #smentertainment

IDOL FILTER

Open In TikTok:

Region: PL

Wednesday 07 October 2026 21:57:22 GMT