Fantasy vs. reality–the business edition


Gosh, guys, did you know that K-Pop labels spend an average of $2 million to train K-Pop idols?

What wonderful people! Such generous individuals! Isn’t it awful when their talent turns around and sues them for making them live in a place without gas or electricity? Just burn those big piles of money to cook your food, boys!

Seriously: Why does anyone ever believe it when industry sources say that their industry is just the best thing ever? Of course they’re going to say that–that’s their job.

They juuust might be biased, however.

They also juuust might be lying. After all, Stardom famously spent $1.4 million to help Mino get acquainted with cockroaches.

Let us not forget: This is K-Pop. “Spending” $2 million on a trainee typically translates into putting the trainee $2 million into debt. No one’s running a charity here. (Plus, you can make money off a group long before they debut–hence all the pre-debut television shows.)

Not that you would know it from the dumb netizen comments, courtesy of NetizenBuzz. They’re all incredibly cringe-inducing, but I think my absolute favorite is:

[$2 million] is a lot of money, the CEO could’ve just bought a building and taken it easy for the rest of his life but he chose to invest it in them.

I mean, for one thing, this person clearly knows sweet fuck-all about commercial real estate–rest assured, it is not a line of work where you can just plunk down a hunk of money and then take it easy.

For another thing: Why the fuck does choosing Investment A over Investment B make someone a saint? There is not a single investor on this Earth who does not make that decision–they can like or dislike stocks, bonds, particular businesses, commodities, real estate, or K-Pop talent. It’s just a matter of personal preference.

If you have a background in the entertainment industry and not in real estate, it makes perfect sense to invest in talent instead of a building. No one is investing in talent out of pure benevolence–they do it because they think it will work out for them. Hell, they might even be doing it for horrible reasons: K-Pop is certainly not a bad industry to be in if you’re a sexual predator.

And I think it says a lot about the K-Pop industry and its relationship to its talent that the industry feels obligated to put stories out there assuring the public, We’re not ripping them off. They’re all just ungrateful traitors.


2 responses »

  1. Law firms act the same way to their associates. Personally, I think it’s a human factor where, even if you’re not investing out of charity, the fact that you’re managing another person means you are developing some sort of relationship with them, and that makes you bitter when they leave, even if you were in the wrong.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.