Article Summary: Hive Entertainment Stock and Recent Controversies
Company Overview:
Hive Entertainment is a South Korean entertainment agency facing recent controversy and stock market fluctuations.
Recent Events:
Video Controversy: A video surfaced online showing Hive Entertainment Chairman Bang Si-hyuk walking with AfreecaTV BJ Gwajeop Seyeon, sparking speculation about a romantic relationship.
Stock Market Impact: The company’s stock price experienced a significant drop after the video’s release but has since recovered slightly.
Shareholder Reactions: Investors expressed dissatisfaction and criticism regarding the video and its potential impact on the company’s image.
Company Response:
Hive Entertainment denied any romantic involvement between Chairman Bang and Gwajeok Seyeon, stating that they met by chance and received advice from the older sister on combating entertainment fraud.
Market Response:
Despite the controversy, some analysts maintain a cautious outlook, citing expectations of performance recovery and upcoming subscription services.
Future Plans:
Hive Entertainment plans to launch its subscription membership service in the fourth quarter, offering ad-free video viewing, digital membership cards, and VOD offline storage.
* The company also has upcoming releases in August, including a mini-album by their US localization group ‘Catseye’ and a Netflix documentary.
Conclusion:
Hive Entertainment faces a challenging situation due to the recent controversy and market volatility. However, the company’s future plans and market expectations suggest a cautious optimism for its long-term performance.