SEOUL, July 1 (Korea Bizwire) — Bang Si-hyuk, the legendary music producer behind the success of K-pop supergroup BTS, has stepped down as the chief executive of the group’s agency-label Hybe, the company announced Thursday. Bang’s resignation from the Hybe CEO position was announced as part of a company-wide restructuring of the agency, formerly known [...]
SEOUL, June 15 (Korea Bizwire) — Hybe Co., the K-pop powerhouse behind BTS, has seen its market capitalization exceed the 10 trillion-won (US$8.95 billion) mark amid the boy band’s global popularity, data showed Tuesday. Shares in Hybe closed at 289,000 won on Tuesday, up 2.48 percent from the prior session and marking a four-day winning [...]
SEOUL, May 14 (Korea Bizwire) — Hybe, the K-pop powerhouse behind BTS, Seventeen and Enhypen, has opened what it calls a “music museum” for its artists and fans at its new headquarters in central Seoul. The 4,700-square meter venue spread across two basement floors at Hybe Yongsan features giant screens that show a rotating selection [...]
SEOUL, May 4 (Korea Bizwire) – Hybe Co., the K-pop powerhouse behind BTS, said Tuesday its first-quarter net profit advanced 11.3 percent on-year on the back of strong sales of merchandise. Net profit came to 15.8 billion won (US$17.7 million) in the January-March period, compared with a profit of 14.2 billion won tallied a year [...]
SEOUL, April 6 (Korea Bizwire) — Hybe, the K-pop powerhouse behind BTS, is set to cement its footing here and accelerate its overseas push with a billion-dollar deal to buy Scooter Braun’s Ithaca Holdings. In a surprise move, Hybe on Friday announced a plan to acquire a 100 percent stake in the U.S. media group [...]
SEOUL, April 2 (Korea Bizwire) — Hybe, the company behind K-pop phenomenons BTS, announced Friday a deal to buy a 100 percent stake in American music entrepreneur Scooter Braun’s Ithaca Holdings. Under the deal, Hybe — formerly Big Hit Entertainment — will be acquiring the media company, which owns affiliates like SB Projects, founded by [...]
SEOUL, March 19 (Korea Bizwire) — Big Hit Entertainment, the K-pop powerhouse behind global sensation BTS, on Friday unveiled a plan to change its name to Hybe and ambitions to become what it called an “entertainment lifestyle platform.” “What we think of as variation of music is that of the indefinite realm and I think [...]