The move strengthens
set to pick up a 14.8% stake in SM Entertainment for 422.8 billion Korean won . SM was founded by legendary music producer Lee Soo-man, who is widely referred to in South Korea as “the godfather of K-pop.” The company is known for representing hit artists, such as NCT 127, EXO, BoA and Girls’ Generation. News that the two companies were joining forces fired up investors.
also represents prominent bands such as NewJeans, Tomorrow x Together and Seventeen. But its marquee act is currently on hiatus. Members of BTS started individual compulsory military service in South Korea late last year, with the group as a whole expected to reconvene around 2025. Now, to integrate the global expertise of both companies to become a game changer in the global music industry,” the company said in a statement.
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Oh, the Rock n roll of the times. Jamming with this crew at 3am must be a hoot!
This is none of my business
Jung kook and v always the fav one in BTS 💜💜
Ukraine is getting bombed right now…
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HYBE considering acquisition of stake in SM Entertainment | allkpopHYBE is considering an acquisition of stake in SM Entertainment.On February 9, HYBE confirmed reports the company was looking to purchase sh… Before y’all freak in the replies/qrts acquisition of a stake doesn’t necessarily mean they’d have a say over any day-to-day operations. They likely wouldn’t. No xfa 🍿🍿
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