에어부산 주식거래 정지, 연장된다
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한투운용, 액티브 ETF 2종 상장… 친환경 분야서 승부수
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BTS Label Owner HYBE Merges With Scooter Braun s Ithaca Holdings for $1 Billion (EXCLUSIVE)
Deal brings Justin Bieber, Big Machine together with K-pop powerhouse
Shirley Halperin, provided by
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HYBE, the company formerly known as Big Hit Entertainment, which is home to BTS, the South Korean pop group, has merged with Ithaca Holdings, the company led by SB Projects (SBP) founder Scooter Braun. In the deal, HYBE will acquire through HYBE America, its wholly owned subsidiary, a 100% stake in Ithaca Holdings and its properties, which includes SB Projects and management clients Justin Bieber, Ariana Grande and Demi Lovato, among others, as well as Big Machine Label Group.
BTS Backer Big Hit Entertainment to Change Name to HYBE Corporation
Rebecca Davis, provided by
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Variety Thursday.
The company has already registered the new name with Korean company regulatory authorities, although the change has not been approved by shareholders. Nor has it been announced to Korea’s stock market regulator. The name change will be addressed at an upcoming general shareholders meeting on March 30.
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Variety and said more information would eventually follow in future press releases, without providing further details.
The impetus for the change reportedly stems from the Korea Exchange-listed company’s desire to position itself as a company that has expanded beyond mere artist management to realize its ambitions of becoming a more comprehensive lifestyle platform. Korean reports state that Big Hit plans to branch out from music production, distribution, artist management, live performance management, internet tech and e-com