김성수 전 카카오엔터 대표 2심 무죄 이유…엔터사 M&A엔 다른 잣대

The court's decision affirms that entertainment industry acquisitions operate under different valuation principles, where human talent and creative potential justify premium prices over book value. This landmark ruling could influence M&A strategies across the creative sector by establishing that future revenue capability—not current balance sheet—determines fair acquisition value.