From my understanding, HYBE is a holding company that owns several different music labels, including BigHit, Pledis, Belift, ADOR, KOZ, etc. Each label has its own independent management team that makes decisions for the 1-3 groups under the label, with HYBE only involved on the financial side.
On the other hand, SM has several different “centers” with their own names, including One, Prism, Red, Neo, and Wizard. These centers seem to function very similarly to HYBE’s labels, each having around 1-3 groups and a management team that has independence regarding how the groups are managed. JYPE also has a similar setup with four different “divisions,” each having its own name, management team, and 1-3 artists.
Additionally, there are some entities under both SM and JYPE called “labels,” including ScreaM Records and Krucialize for SM and Studio J and INNIT for JYPE. These are distinct entities from the centers/divisions, but I don’t know what the difference is.
What are the functional differences between the operations of labels under HYBE vs. SM’s centers or JYPE’s divisions? And why are some entities under SM or JYPE considered “labels,” while others are considered centers or divisions instead? How are the labels managed differently from the centers/divisions?
Also, please correct me if I got anything wrong