In a surprising turn of events, ONE HUNDRED announced on May 16, KST, that they have acquired INB100, an entertainment label originally founded by EXO’s Baekhyun.
INB100, known for housing talented artists such as Chen, Baekhyun, and Xiumin from EXO-CBX, will now become one of the three subsidiaries under ONE HUNDRED, joining Million Market, a hip-hop label, and Big Planet Made, an entertainment label.
ONE HUNDRED was co-founded by musician/producer MC Mong and Cha Ga Won, president of the real estate conglomerate p_Arc Group.
In May of the previous year, Big Planet Made refuted allegations claiming that it had sought to recruit EXO members amid their contract renewal discussions with SM Entertainment. The label clarified that MC Mong had merely convened with “his junior artists for a personal gathering.”
The news of the acquisition has sparked a flurry of reactions from Korean netizens:
“What is this?”
“I wonder how much MC Mong said he would give them.”
“Hul…”
“They made the fans who were shielding them into clowns.”
“He made such a dumb decision.”
“I knew this would happen.”
“He was denying the allegation that he was trying to pouch the EXO members.”
“Of course.”
“This is whack.”
“Thought MC Mong’s investment wasn’t true…”
“SM… SM…”
“I guess what SM said was true, now that all the articles are being released now.”
“This is comical.”
As the news continues to unfold, fans and netizens alike are eagerly awaiting further updates on this development.
Source(1)
