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Wikipedia

Hybe Corporation

Hybe Co., Ltd.[4] (Korean하이브, stylized as HYBE Corporation) is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It has multiple subsidiaries, including Big Hit Music, Source Music, Pledis Entertainment, Belift Lab, KOZ Entertainment, and ADOR, collectively known as Hybe Labels.

HYBE Co., Ltd.
Native name
하이브
Haibeu
Company typePublic
KRX: 352820
Industry
Genre
Founded
  • February 1, 2005; 19 years ago (2005-02-01)[a]
  • March 31, 2021; 3 years ago (2021-03-31)[b]
FounderBang Si-hyuk
Headquarters
Yongsan Trade Center, Yongsan,[1] Seoul
,
South Korea
Key people
  • Bang Si-hyuk (chairman)
  • Park Ji-won (CEO)
  • Scooter Braun (CEO, Hybe America)
  • Han Hyun-rock (CEO, Hybe Japan)
Services
  • Music production, publishing, new artist development, artist management
  • Event organization, IP, technological platform and education business
Revenue 2.1 trillion (US$1.84 billion) (2023)[2]
187 billion (US$163.47 million) (2023)
Owner
Number of employees
Approx. 1000 (as of December 2020)[3]
SubsidiariesSee subsidiaries
Websitewww.hybecorp.com

History

2005–2021: Big Hit Entertainment Co., Ltd.

Big Hit Entertainment was founded on February 1, 2005,[5] and signed the vocal trio 8Eight in 2007.[6] In 2010, the company signed a contract with JYP Entertainment to jointly manage the boy group 2AM.[7] That year, Bang Si-hyuk signed RM as the first member of BTS and launched nationwide auditions to recruit other members for the group.[8] BTS made their debut under Big Hit on June 13, 2013.[9]

In 2012, the company signed Lim Jeong-hee,[10] and formed the girl group Glam as a collaboration with Source Music.[11] The group was active until 2014, when it was disbanded due to a controversy involving one of its members Kim Da-hee. Kim was sentenced to prison after being found guilty of blackmailing actor Lee Byung-hun.[12][13][14]

Following the end of the joint contract between Big Hit and JYP in April 2014, three members of 2AM returned to JYP. Lee Chang-min remained with Big Hit to continue with his solo career and as part of the duo Homme.[7] 8Eight disbanded later that year, after Baek Chan and Joo Hee's contracts with Big Hit ended.[6]

In May 2015, Lim parted ways with the agency, following the expiration of her three-year contract,[10] and Signal Entertainment Group, a KOSDAQ-listed company specializing in artist management and television production, acquired Big Hit through a KR₩6 billion convertible bond.[15] In early 2016, Big Hit ended their stake relationship with Signal and made a full settlement of the bonds.[16][17]

In February 2018, Homme disbanded after member Changmin's contract ended. He left the company to start his own agency, while Lee Hyun continued on as a solo artist.[18] In August, Big Hit and CJ ENM released information stating plans to create a joint entertainment agency, with ownership split 52% to the latter and 48% to the former.[19][20] Filed under the name Belift Lab, the agency debuted its first boy group Enhypen in November 2020.[21] In October, BTS renewed and extended their contract with the agency for seven more years.[22] Big Hit was voted Best Investment Company of the Year at the 2018 Korea VC Awards in December.[23]

Big Hit debuted its second male group, Tomorrow X Together (TXT), in March 2019.[24] Also that month, former CBO Lenzo Yoon was appointed co-CEO alongside Bang.[25] Yoon would focus on the business components of the company. while Bang's focus would be on creative production.[26] In July 2019, the company acquired Source Music,[27] and in August, the video game firm Superb.[28] Thanks to the Weverse and Weverse Shop[c] apps developed by its subsidiary beNX, Big Hit was named the fourth most innovative company of 2020 worldwide by Fast Company.[30]

In May 2020, Big Hit became the majority shareholder of Pledis Entertainment. The label would retain its independence; however, its artists would now receive greater financial support and global. promotions.[31] The Fair Trade Commission (hereinafter KFTC) approved the acquisition in October.[32] Big Hit acquired KOZ Entertainment, a record label founded by rapper Zico, the following month.[33]

In January 2021, news media reported that Big Hit and beNX had invested a combined ₩70 billion (US$63 million) in YG Plus, acquiring a 17.9% stake in the company in a merchandising and distribution deal that would see the aforementioned's artists join Weverse's social media and shop platforms.[34][35][36] Naver Corporation later invested ₩354.8 billion ($321 million) in beNX, acquiring 49% of the subsidiary. In return, it transferred its V Live video streaming service to the latter for the development of a new integrated fan community platform. BeNX was eventually renamed Weverse Company Inc. as a result of the deal with Naver.[37] The merger was approved by the KFTC in May.[38] On February 17, Big Hit and Universal Music Group (UMG) announced a strategic partnership between the two companies to collaborate on various music and technology-related endeavors.[39] At the forefront of the partnership was a joint venture between Big Hit and Geffen Records, a UMG flagship label, that will debut a global boy group through a new, Los Angeles-based label following a global audition program set to air in 2022. Big Hit would be responsible for selecting and training the artists, while UMG would be in charge of music production, global distribution, and marketing.[40] Additionally, other UMG artists, including Yungblud, were set to join Weverse, already home to Gracie Abrams, New Hope Club, and Alexander 23.[41] On February 25, Big Hit announced a ₩4 billion ($3.6 million) investment in a Korea-based AI company, Supertone, that specializes in creating hyper-realistic voices using technology.[42]

2021–present: Hybe Corporation

Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe Corporation in March 2021.[43] The company underwent a complete organizational restructuring, which also saw the name "Big Hit Entertainment" (as relates to music operations) become Big Hit Music under Hybe's new Labels division. The renaming was approved at a shareholders meeting on March 30.[44][45] The company relocated to its new headquarters in the Yongsan Trade Center in Yongsan District on March 22,[44][1] and the rebrand went into effect on March 31.[46] Hybe acquired Scooter Braun's Ithaca Holdings and all its properties, including SB Projects[d] and Big Machine Label Group, through its subsidiary Hybe America[e] in April.[47][48] The corporation invested $950 million (₩1.07 trillion) into the America branch to finance the buyout;[49] $1.05 billion was paid to Ithaca shareholders and bondholders.[50] BH Odyssey Merger Sub, a newly created subsidiary of Hybe America, facilitated the acquisition, and was later dissolved after the deal's finalization.[51][52] The Carlyle Group, a minority shareholder and original investor, sold its stake in Ithaca as part of the deal. Braun joined Hybe's board, while Scott Borchetta retained his position as CEO of Big Machine.[47][53] That same month, Time named Hybe one of the "100 Most Influential Companies of 2021", under the "Pioneers" section.[54]

Japanese streaming platform Showroom announced a business and capital partnership with Hybe in May 2021 to improve its domestic services and expand access to Japanese content in South Korea, the United States, and globally.[55][56] Hybe was added to the MSCI Korea index on May 12, and the index updated on May 28.[57] Following a second organizational restructuring, Bang resigned as CEO on July 1 to return his focus to music production. He was replaced by Park Ji-won but retained his position as chairman of the board of directors.[58][59] In November, Hybe entered into an equity-based partnership with Korean fintech company Dunamu to develop a joint venture NFT business for the creation of digital assets.[60][61] It acquired a 2.6% stake in the company for ₩500 billion ($423.8 million), while Dunamu received a 5.6% stake in Hybe for ₩700 billion ($590 million).[61][62] On November 11, Hybe won a Red Dot Design Award in the Brands & Communication Design category at the 2021 Red Dot Design Awards for its new corporate identity (CI) design.[f][63] The establishment of a new music label, ADOR,[g] was announced on November 12. Chief Brand Officer (CBO) Min Hee-jin was appointed as its CEO and tasked with overseeing the management of the label's first girl group,[h] later announced as NewJeans, which debuted in July 2022.[65]

In January 2022, Hybe published a series of "original stories" featuring boy groups BTS, Enhypen, and Tomorrow X Together in collaboration with Webtoon and Wattpad as part of a planned IP expansion.[66] The BTS comic alone earned over 15 million views within two days of release and was the highest-viewed title ever launched by Webtoon.[67] In March, Fast Company named Hybe the 11th most innovative company of the year globally on its annual top-50 list[68]—ranking first in the Media category[69]—while Time included Hybe on its 100 Most Influential Companies list for a second consecutive year.[70] The company topped the "Leaders" category and was dubbed "The Pop Powerhouse" by the outlet for its acquisitions, expansion into the digital frontier, and transformative strides in the music industry during the pandemic era.[71][72] The following month, Hybe won an iF Product Design Award for "Company Branding" in the Communication category at the International Forum Design Awards held in Germany.[73] Hybe signed a multi-year deal with The Walt Disney Company Asia Pacific in July 2022 to provide content showcasing the Korean music and entertainment industries to a global market. Five programs will be available worldwide on Disney+ and other Disney streaming platforms—a 4K cinematic film of BTS' Permission to Dance on Stage concert in Los Angeles; In the Soop: Friendcation; and BTS Monuments: Beyond the Star, a docuseries of BTS' history from debut to present set to premiere in 2023. Additional content featuring other Hybe artists will also be released.[74][75]

Hybe became the largest shareholder of SM Entertainment in February 2023, after it acquired founder Lee Soo-man's 14.8% stake in the company for approximately ₩422.8 billion.[76] The company subsequently acquired Galaxia SM's 1% stake on March 3.[77] On March 12, Hybe announced that they no longer planned to own the majority stakes of SM Entertainment, said that the bidding war with Kakao could "damage shareholder value."[78] On March 24, 2023, Hybe announced that it will sell its entire stake in SM Entertainment to Kakao by accepting its tender offer launched by Kakao.[79] However, on March 28, Hybe instead sold half of its stakes in SM to Kakao, leaving it only for 8.81%.[80]

On May 23, 2023, Hybe signed a music distribution deal with Chinese streaming platform, Tencent Music.[81]

On August 10, 2023, Hybe announced its acquisition of the remaining 51.5% stake from CJ ENM in Belift Lab, making it as a wholly-owned subsidiary.[82][83]

In November 2023, Hybe confirmed the establishment of its Latin music division, Hybe Latin America, based in Mexico City. Concurrently, they announced the appointment of Kah Jong-Hyun, former vice president of YG Entertainment, as the CEO of this division and the acquisition of the studio Exile Content.[84] In March 2024, Kah Jong-Hyun appointed former EMI and Universal Music México executive Fernando Grediaga as general manager of the division.[85]

Company value and investments

Big Hit Entertainment initially operated as a private company with Bang Si-hyuk as the largest shareholder of its stock.[86] In March 2017, the Korean mobile gaming company Netmarble acquired the second largest percentage of the company, paying a reported ₩201.4 billion ($191.8 million) for 25.71%[87]—its CEO Bang Joon-hyuk, and Bang Si-hyuk are relatives.[88] In October 2018, private investment firm STIC Investments received an undisclosed share of Big Hit for an investment of roughly ₩104 billion ($93 million).[89]

In 2007, Big Hit had four employees and was near bankruptcy, but Bang was able to keep the company afloat after the local success of 8Eight's Without a Heart in 2009.[90] Its value rose over the years thanks to the global popularity of its first boy group BTS.[91] In March 2018, Big Hit's earnings were publicized for the first time. The company reported revenue of ₩92.4 billion ($82 million) and operating profit of ₩32.5 billion ($29 million) for 2017.[92][93] Initial estimates valued Big Hit at up to ₩700 billion ($624 million) if entered into an IPO that very month, making CEO Bang the richest in the South Korean entertainment business due to his large shareholding position, and leaving him with personal ownership value of roughly ₩350 billion ($314 million).[94] By October 2018, the company was valued at more than ₩1 trillion.[93]

Big Hit's success has been attributed to its innovative management style, more like an IT company than an entertainment company, which has become the new standard in the K-pop industry; it includes a wide usage of social media to capture people's interest and transform it into sales, the creation of artist-related multimedia content, and the full use of fandom energy.[95][96] Financials published in March 2019 for the previous year, showed a 132% increase in sales compared to 2017, with Big Hit making approximately ₩214.2 billion ($189.38 million). Operating profit rose 97% to ₩64.1 billion ($56.72 million), while net profit rose 105% to ₩50.2 billion ($44.41 million).[97] By June 2019, the company was valued between ₩1.28–2.22 trillion.[98] As of March 2020, its total value was roughly ₩6 trillion ($5 billion).[99] Big Hit commenced plans to go public on May 21, and applied for a pre-IPO consultation with the Korea Exchange. This is required under South Korean law before a company can file paperwork for an IPO.[100] One week later, the company filed for a preliminary review of their planned IPO.[101] On October 15, Big Hit was listed in the KOSPI index and began trading stocks.[102][103]

In February 2021, Big Hit published its first annual report since going public. The company recorded net income of ₩86.2 billion ($77.6 million) for 2020, a 19.1% increase compared to the previous year's ₩72.4 billion.[104] Operating profit rose 44.3% to ₩142.4 billion, while sales increased 35.6% to ₩796.3 billion[104]—bolstered in part by strong album sales and the company's various acquisitions—with Big Hit experiencing its best quarterly performance yet in the fourth quarter of 2020.[105] Though concert revenue decreased in the wake of the COVID-19 pandemic, merchandise, fan-club, and online-content revenue increased 53%, 71%, and 66%, respectively.[105][106]

Per Hybe's 2021 financial report released in February 2022, the company recorded annual revenue of ₩1.2 trillion, operating profit of ₩190.3 billion, and net income of ₩141 billion ($118 million), a 58, 30.8, and 62.8% increase respectively, compared to 2020. It is the first South Korean music agency to surpass the ₩1 trillion ($838 million) benchmark.[107][108]

Divisions and subsidiaries

Hybe HQ

Hybe HQ is a wholly owned subsidiary of Hybe Corporation. The company comprises three divisions: Hybe Labels, Hybe Solutions, and Hybe Platforms. Under each division are wholly or partially owned subsidiaries of its parent corporation.[109][110]

Labels

This is the entertainment and music production division. Prior to the rebranding, it was known as Big Hit Labels. Subsidiaries within the division operate independently of Hybe Corporation but receive support for creative activities.[44]

Solutions

The "solutions" division is made up of specialized business units for video content, IP, learning, and games. Secondary and tertiary businesses are created based on the creative output of each label.[109] In May 2021, Hybe Edu signed a business agreement with the International Korean Language Education Foundation (IKLEF) to develop Korean-language textbooks for distribution to overseas elementary and secondary schools through the Ministry of Education beginning in 2022. Various other online and offline content will also be created using BTS IP in response to an increasing demand for Korean-language education in foreign countries.[117] On July 2, 2021, it was announced that Hybe Solutions subsidiaries Hybe 360 and Hybe IP had been dissolved and merged into Hybe Corporation.[118]

  • Hybe Edu[j]
  • Superb

Platforms

This is the technology division. It manages the social networking and entertainment platform Weverse, which serves as a hub for connecting and expanding all of Hybe's contents and services.[109] In May 2021, Weverse Company invested in US startup Fave, an F2F platform for fandoms, as part of its plans to strengthen business opportunities in that territory.[119]

  • Weverse Company[k]
    • Weverse
    • Weverse Shop
    • V Live (until its deactivation in December 2022)

Hybe America

Prior to the rebrand, the subsidiary was known as Big Hit America. Following the rebranding, Hybe Corporation bought over all ₩1.7 trillion ($1.5 billion) of Big Hit America's shares, making it a wholly owned subsidiary under the corporation, and it became Hybe America.[51] This was in preparation for Hybe Corporation's acquisition of Ithaca Holdings through Hybe America.[e] BH Odyssey Merger Sub was created as a subsidiary of Hybe America to facilitate its buyout of Ithaca. Once finalized, Ithaca would become a subsidiary of Hybe America, and BH Odyssey would be dissolved.[51][47] The merger is assumed to have been completed in the first quarter of 2021 per quarterly earning reports published on May 14.[120]

In July 2021, Yoon and Braun were appointed co-CEOs of Hybe America, and jointly managed US operations. Yoon was responsible for "the localization of Hybe's K-pop business model in the US" and "oversee[ing] the training, production and marketing process through which new talent is discovered" while Braun focused "on solidifying Hybe's presence in the US music industry" and "cementing [the company's] competitiveness in the stateside market." Chief Strategy Officer (CSO) Jaesang Lee, who led the Ithaca acquisition, was made Chief Operations Officer (COO).[121][59] Plans for the launch of a new global girl group in collaboration with Geffen were announced on November 4; auditions closed on November 28.[122][123] Braun became the sole CEO in January 2023,[124] subsequently leading the acquisition of the American entertainment company QC Media Holdings in February.[125]

Hybe Japan

Following Hybe's second leadership restructuring in July 2021, its Japanese subsidiaries, Hybe Solutions Japan and Hybe T&D Japan,[l] were integrated to form a regional headquarters, Hybe Japan. The Japanese branch operates as an independent entity under CEO and former Hybe Solutions Japan CEO Han Hyun-rock.[126] It oversees music production, music publishing, music copyright management, artist management, and talent scouting and development,[127] as well as facilitates the entry of other Hybe artists into the Japanese market.[58] Hybe Labels Japan debuted its first boy group, &Team, in December 2022.[128] A collaboration with Hiroomi Tosaka of J Soul Brothers, announced in 2021,[129] resulted in the creation of the girl group Moonchild, which debuted in 2023;[130] Hybe Labels Japan co-produces the group with LDH Japan.[131]

Labels

Solutions

  • Hybe Solutions Japan
  • Hybe T&D Japan

Filmography

Drama

Exhibitions

  • "Hybe Insight" (2021) in South Korea[133]

Reality and variety

Concerts and festivals

Date Name Venue Ref.
December 31, 2020 2021 New Year's Eve Live presented by Weverse Weverse (online) [134]
December 31, 2021 2022 Weverse Con [New Era] KINTEX Hall (in-person)
Weverse (online through VenewLive)
[135][136]
June 10–11, 2023 2023 Weverse Con Festival KSPO Dome and 88 Lawn Field (in-person) [135][137]

Philanthropy

On February 13, 2023, Hybe donated 500 million won to support recover from 2023 Turkey–Syria earthquake, by donating money through Save the Children.[138]

Notes

  1. ^ as Big Hit Entertainment Co., Ltd.
  2. ^ as HYBE Corporation
  3. ^ formerly Weply prior to March 9, 2020[29]
  4. ^ manages artists such as Justin Bieber and Ariana Grande
  5. ^ a b Though corporate filing documentation uses the name "Big Hit America" it is Hybe America being referenced. News outlets interchangeably use "Big Hit America" and "Hybe America" to refer to the company acquiring Ithaca for Hybe Corp, indicating that they are one and the same. This article hereinafter uses Hybe America only.
  6. ^ revealed in March by then-CBO Min Hee-jin during the rebrand announcement[44]
  7. ^ acronym for "All doors, one room"[64]
  8. ^ members were selected through the "Plus Global Audition" held in 2019[64]
  9. ^ formerly a joint venture with CJ ENM Entertainment Division[111]
  10. ^ formerly beORIGIN Co., Ltd.
  11. ^ formerly beNX Co., Ltd.
  12. ^ formerly TNDJ

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External links

  • Official website
  • Business data for Hybe:
    • Bloomberg
    • Google
    • Reuters
    • Yahoo!

hybe, corporation, hybe, korean, 하이브, stylized, hybe, corporation, south, korean, multinational, entertainment, company, established, 2005, bang, hyuk, entertainment, company, operates, record, label, talent, agency, music, production, company, event, manageme. Hybe Co Ltd 4 Korean 하이브 stylized as HYBE Corporation is a South Korean multinational entertainment company established in 2005 by Bang Si hyuk as Big Hit Entertainment Co Ltd The company operates as a record label talent agency music production company event management and concert production company and music publishing house It has multiple subsidiaries including Big Hit Music Source Music Pledis Entertainment Belift Lab KOZ Entertainment and ADOR collectively known as Hybe Labels HYBE Co Ltd Native name하이브Romanized nameHaibeuCompany typePublicTraded asKRX 352820IndustryEntertainmentTechnologyGenrePopdanceR amp Bhip hopFoundedFebruary 1 2005 19 years ago 2005 02 01 a March 31 2021 3 years ago 2021 03 31 b FounderBang Si hyukHeadquartersYongsan Trade Center Yongsan 1 Seoul South KoreaKey peopleBang Si hyuk chairman Park Ji won CEO Scooter Braun CEO Hybe America Han Hyun rock CEO Hybe Japan ServicesMusic production publishing new artist development artist managementEvent organization IP technological platform and education businessRevenue 2 1 trillion US 1 84 billion 2023 2 Net income 187 billion US 163 47 million 2023 OwnerBang Si hyuk 31 6 Netmarble Games 12 1 Number of employeesApprox 1000 as of December 2020 3 SubsidiariesSee subsidiariesWebsitewww wbr hybecorp wbr com Contents 1 History 1 1 2005 2021 Big Hit Entertainment Co Ltd 1 2 2021 present Hybe Corporation 2 Company value and investments 3 Divisions and subsidiaries 3 1 Hybe HQ 3 1 1 Labels 3 1 2 Solutions 3 1 3 Platforms 3 2 Hybe America 3 3 Hybe Japan 3 3 1 Labels 3 3 2 Solutions 4 Filmography 4 1 Drama 4 2 Exhibitions 4 3 Reality and variety 5 Concerts and festivals 6 Philanthropy 7 Notes 8 References 9 External linksHistory2005 2021 Big Hit Entertainment Co Ltd Big Hit Entertainment was founded on February 1 2005 5 and signed the vocal trio 8Eight in 2007 6 In 2010 the company signed a contract with JYP Entertainment to jointly manage the boy group 2AM 7 That year Bang Si hyuk signed RM as the first member of BTS and launched nationwide auditions to recruit other members for the group 8 BTS made their debut under Big Hit on June 13 2013 9 In 2012 the company signed Lim Jeong hee 10 and formed the girl group Glam as a collaboration with Source Music 11 The group was active until 2014 when it was disbanded due to a controversy involving one of its members Kim Da hee Kim was sentenced to prison after being found guilty of blackmailing actor Lee Byung hun 12 13 14 Following the end of the joint contract between Big Hit and JYP in April 2014 three members of 2AM returned to JYP Lee Chang min remained with Big Hit to continue with his solo career and as part of the duo Homme 7 8Eight disbanded later that year after Baek Chan and Joo Hee s contracts with Big Hit ended 6 In May 2015 Lim parted ways with the agency following the expiration of her three year contract 10 and Signal Entertainment Group a KOSDAQ listed company specializing in artist management and television production acquired Big Hit through a KR 6 billion convertible bond 15 In early 2016 Big Hit ended their stake relationship with Signal and made a full settlement of the bonds 16 17 In February 2018 Homme disbanded after member Changmin s contract ended He left the company to start his own agency while Lee Hyun continued on as a solo artist 18 In August Big Hit and CJ ENM released information stating plans to create a joint entertainment agency with ownership split 52 to the latter and 48 to the former 19 20 Filed under the name Belift Lab the agency debuted its first boy group Enhypen in November 2020 21 In October BTS renewed and extended their contract with the agency for seven more years 22 Big Hit was voted Best Investment Company of the Year at the 2018 Korea VC Awards in December 23 Big Hit debuted its second male group Tomorrow X Together TXT in March 2019 24 Also that month former CBO Lenzo Yoon was appointed co CEO alongside Bang 25 Yoon would focus on the business components of the company while Bang s focus would be on creative production 26 In July 2019 the company acquired Source Music 27 and in August the video game firm Superb 28 Thanks to the Weverse and Weverse Shop c apps developed by its subsidiary beNX Big Hit was named the fourth most innovative company of 2020 worldwide by Fast Company 30 In May 2020 Big Hit became the majority shareholder of Pledis Entertainment The label would retain its independence however its artists would now receive greater financial support and global promotions 31 The Fair Trade Commission hereinafter KFTC approved the acquisition in October 32 Big Hit acquired KOZ Entertainment a record label founded by rapper Zico the following month 33 In January 2021 news media reported that Big Hit and beNX had invested a combined 70 billion US 63 million in YG Plus acquiring a 17 9 stake in the company in a merchandising and distribution deal that would see the aforementioned s artists join Weverse s social media and shop platforms 34 35 36 Naver Corporation later invested 354 8 billion 321 million in beNX acquiring 49 of the subsidiary In return it transferred its V Live video streaming service to the latter for the development of a new integrated fan community platform BeNX was eventually renamed Weverse Company Inc as a result of the deal with Naver 37 The merger was approved by the KFTC in May 38 On February 17 Big Hit and Universal Music Group UMG announced a strategic partnership between the two companies to collaborate on various music and technology related endeavors 39 At the forefront of the partnership was a joint venture between Big Hit and Geffen Records a UMG flagship label that will debut a global boy group through a new Los Angeles based label following a global audition program set to air in 2022 Big Hit would be responsible for selecting and training the artists while UMG would be in charge of music production global distribution and marketing 40 Additionally other UMG artists including Yungblud were set to join Weverse already home to Gracie Abrams New Hope Club and Alexander 23 41 On February 25 Big Hit announced a 4 billion 3 6 million investment in a Korea based AI company Supertone that specializes in creating hyper realistic voices using technology 42 2021 present Hybe Corporation Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe Corporation in March 2021 43 The company underwent a complete organizational restructuring which also saw the name Big Hit Entertainment as relates to music operations become Big Hit Music under Hybe s new Labels division The renaming was approved at a shareholders meeting on March 30 44 45 The company relocated to its new headquarters in the Yongsan Trade Center in Yongsan District on March 22 44 1 and the rebrand went into effect on March 31 46 Hybe acquired Scooter Braun s Ithaca Holdings and all its properties including SB Projects d and Big Machine Label Group through its subsidiary Hybe America e in April 47 48 The corporation invested 950 million 1 07 trillion into the America branch to finance the buyout 49 1 05 billion was paid to Ithaca shareholders and bondholders 50 BH Odyssey Merger Sub a newly created subsidiary of Hybe America facilitated the acquisition and was later dissolved after the deal s finalization 51 52 The Carlyle Group a minority shareholder and original investor sold its stake in Ithaca as part of the deal Braun joined Hybe s board while Scott Borchetta retained his position as CEO of Big Machine 47 53 That same month Time named Hybe one of the 100 Most Influential Companies of 2021 under the Pioneers section 54 Japanese streaming platform Showroom announced a business and capital partnership with Hybe in May 2021 to improve its domestic services and expand access to Japanese content in South Korea the United States and globally 55 56 Hybe was added to the MSCI Korea index on May 12 and the index updated on May 28 57 Following a second organizational restructuring Bang resigned as CEO on July 1 to return his focus to music production He was replaced by Park Ji won but retained his position as chairman of the board of directors 58 59 In November Hybe entered into an equity based partnership with Korean fintech company Dunamu to develop a joint venture NFT business for the creation of digital assets 60 61 It acquired a 2 6 stake in the company for 500 billion 423 8 million while Dunamu received a 5 6 stake in Hybe for 700 billion 590 million 61 62 On November 11 Hybe won a Red Dot Design Award in the Brands amp Communication Design category at the 2021 Red Dot Design Awards for its new corporate identity CI design f 63 The establishment of a new music label ADOR g was announced on November 12 Chief Brand Officer CBO Min Hee jin was appointed as its CEO and tasked with overseeing the management of the label s first girl group h later announced as NewJeans which debuted in July 2022 65 In January 2022 Hybe published a series of original stories featuring boy groups BTS Enhypen and Tomorrow X Together in collaboration with Webtoon and Wattpad as part of a planned IP expansion 66 The BTS comic alone earned over 15 million views within two days of release and was the highest viewed title ever launched by Webtoon 67 In March Fast Company named Hybe the 11th most innovative company of the year globally on its annual top 50 list 68 ranking first in the Media category 69 while Time included Hybe on its 100 Most Influential Companies list for a second consecutive year 70 The company topped the Leaders category and was dubbed The Pop Powerhouse by the outlet for its acquisitions expansion into the digital frontier and transformative strides in the music industry during the pandemic era 71 72 The following month Hybe won an iF Product Design Award for Company Branding in the Communication category at the International Forum Design Awards held in Germany 73 Hybe signed a multi year deal with The Walt Disney Company Asia Pacific in July 2022 to provide content showcasing the Korean music and entertainment industries to a global market Five programs will be available worldwide on Disney and other Disney streaming platforms a 4K cinematic film of BTS Permission to Dance on Stage concert in Los Angeles In the Soop Friendcation and BTS Monuments Beyond the Star a docuseries of BTS history from debut to present set to premiere in 2023 Additional content featuring other Hybe artists will also be released 74 75 Hybe became the largest shareholder of SM Entertainment in February 2023 after it acquired founder Lee Soo man s 14 8 stake in the company for approximately 422 8 billion 76 The company subsequently acquired Galaxia SM s 1 stake on March 3 77 On March 12 Hybe announced that they no longer planned to own the majority stakes of SM Entertainment said that the bidding war with Kakao could damage shareholder value 78 On March 24 2023 Hybe announced that it will sell its entire stake in SM Entertainment to Kakao by accepting its tender offer launched by Kakao 79 However on March 28 Hybe instead sold half of its stakes in SM to Kakao leaving it only for 8 81 80 On May 23 2023 Hybe signed a music distribution deal with Chinese streaming platform Tencent Music 81 On August 10 2023 Hybe announced its acquisition of the remaining 51 5 stake from CJ ENM in Belift Lab making it as a wholly owned subsidiary 82 83 In November 2023 Hybe confirmed the establishment of its Latin music division Hybe Latin America based in Mexico City Concurrently they announced the appointment of Kah Jong Hyun former vice president of YG Entertainment as the CEO of this division and the acquisition of the studio Exile Content 84 In March 2024 Kah Jong Hyun appointed former EMI and Universal Music Mexico executive Fernando Grediaga as general manager of the division 85 Company value and investmentsBig Hit Entertainment initially operated as a private company with Bang Si hyuk as the largest shareholder of its stock 86 In March 2017 the Korean mobile gaming company Netmarble acquired the second largest percentage of the company paying a reported 201 4 billion 191 8 million for 25 71 87 its CEO Bang Joon hyuk and Bang Si hyuk are relatives 88 In October 2018 private investment firm STIC Investments received an undisclosed share of Big Hit for an investment of roughly 104 billion 93 million 89 In 2007 Big Hit had four employees and was near bankruptcy but Bang was able to keep the company afloat after the local success of 8Eight s Without a Heart in 2009 90 Its value rose over the years thanks to the global popularity of its first boy group BTS 91 In March 2018 Big Hit s earnings were publicized for the first time The company reported revenue of 92 4 billion 82 million and operating profit of 32 5 billion 29 million for 2017 92 93 Initial estimates valued Big Hit at up to 700 billion 624 million if entered into an IPO that very month making CEO Bang the richest in the South Korean entertainment business due to his large shareholding position and leaving him with personal ownership value of roughly 350 billion 314 million 94 By October 2018 the company was valued at more than 1 trillion 93 Big Hit s success has been attributed to its innovative management style more like an IT company than an entertainment company which has become the new standard in the K pop industry it includes a wide usage of social media to capture people s interest and transform it into sales the creation of artist related multimedia content and the full use of fandom energy 95 96 Financials published in March 2019 for the previous year showed a 132 increase in sales compared to 2017 with Big Hit making approximately 214 2 billion 189 38 million Operating profit rose 97 to 64 1 billion 56 72 million while net profit rose 105 to 50 2 billion 44 41 million 97 By June 2019 the company was valued between 1 28 2 22 trillion 98 As of March 2020 its total value was roughly 6 trillion 5 billion 99 Big Hit commenced plans to go public on May 21 and applied for a pre IPO consultation with the Korea Exchange This is required under South Korean law before a company can file paperwork for an IPO 100 One week later the company filed for a preliminary review of their planned IPO 101 On October 15 Big Hit was listed in the KOSPI index and began trading stocks 102 103 In February 2021 Big Hit published its first annual report since going public The company recorded net income of 86 2 billion 77 6 million for 2020 a 19 1 increase compared to the previous year s 72 4 billion 104 Operating profit rose 44 3 to 142 4 billion while sales increased 35 6 to 796 3 billion 104 bolstered in part by strong album sales and the company s various acquisitions with Big Hit experiencing its best quarterly performance yet in the fourth quarter of 2020 105 Though concert revenue decreased in the wake of the COVID 19 pandemic merchandise fan club and online content revenue increased 53 71 and 66 respectively 105 106 Per Hybe s 2021 financial report released in February 2022 the company recorded annual revenue of 1 2 trillion operating profit of 190 3 billion and net income of 141 billion 118 million a 58 30 8 and 62 8 increase respectively compared to 2020 It is the first South Korean music agency to surpass the 1 trillion 838 million benchmark 107 108 Divisions and subsidiariesHybe HQ Hybe HQ is a wholly owned subsidiary of Hybe Corporation The company comprises three divisions Hybe Labels Hybe Solutions and Hybe Platforms Under each division are wholly or partially owned subsidiaries of its parent corporation 109 110 Labels This is the entertainment and music production division Prior to the rebranding it was known as Big Hit Labels Subsidiaries within the division operate independently of Hybe Corporation but receive support for creative activities 44 Big Hit Music Lee Hyun BTS RM Agust D J Hope Jin Jimin Jungkook V Tomorrow X Together Belift Lab i Enhypen Illit Source Music 112 113 Le Sserafim ADOR NewJeans Pledis Entertainment 114 115 Seventeen BSS Baekho Minhyun Bumzu Nana Yehana Sungyeon Fromis 9 TWS KOZ Entertainment 33 Zico BoyNextDoor 116 Solutions The solutions division is made up of specialized business units for video content IP learning and games Secondary and tertiary businesses are created based on the creative output of each label 109 In May 2021 Hybe Edu signed a business agreement with the International Korean Language Education Foundation IKLEF to develop Korean language textbooks for distribution to overseas elementary and secondary schools through the Ministry of Education beginning in 2022 Various other online and offline content will also be created using BTS IP in response to an increasing demand for Korean language education in foreign countries 117 On July 2 2021 it was announced that Hybe Solutions subsidiaries Hybe 360 and Hybe IP had been dissolved and merged into Hybe Corporation 118 Hybe Edu j SuperbPlatforms This is the technology division It manages the social networking and entertainment platform Weverse which serves as a hub for connecting and expanding all of Hybe s contents and services 109 In May 2021 Weverse Company invested in US startup Fave an F2F platform for fandoms as part of its plans to strengthen business opportunities in that territory 119 Weverse Company k Weverse Weverse Shop V Live until its deactivation in December 2022 Hybe America Prior to the rebrand the subsidiary was known as Big Hit America Following the rebranding Hybe Corporation bought over all 1 7 trillion 1 5 billion of Big Hit America s shares making it a wholly owned subsidiary under the corporation and it became Hybe America 51 This was in preparation for Hybe Corporation s acquisition of Ithaca Holdings through Hybe America e BH Odyssey Merger Sub was created as a subsidiary of Hybe America to facilitate its buyout of Ithaca Once finalized Ithaca would become a subsidiary of Hybe America and BH Odyssey would be dissolved 51 47 The merger is assumed to have been completed in the first quarter of 2021 per quarterly earning reports published on May 14 120 In July 2021 Yoon and Braun were appointed co CEOs of Hybe America and jointly managed US operations Yoon was responsible for the localization of Hybe s K pop business model in the US and oversee ing the training production and marketing process through which new talent is discovered while Braun focused on solidifying Hybe s presence in the US music industry and cementing the company s competitiveness in the stateside market Chief Strategy Officer CSO Jaesang Lee who led the Ithaca acquisition was made Chief Operations Officer COO 121 59 Plans for the launch of a new global girl group in collaboration with Geffen were announced on November 4 auditions closed on November 28 122 123 Braun became the sole CEO in January 2023 124 subsequently leading the acquisition of the American entertainment company QC Media Holdings in February 125 Hybe x Geffen Katseye Ithaca Holdings Atlas Music Publishing Big Machine Label Group BMLG Records Big Machine Records The Valory Music Co Mythos Studios Raised in Space SB Projects SB Consulting SB Management SB Ventures Schoolboy Entertainment Schoolboy Records with Universal Music Group Sheba Publishing Silent Labs QC Media Holdings Quality Control Music Solid Foundation Management Quality Films QC SportsHybe Japan Following Hybe s second leadership restructuring in July 2021 its Japanese subsidiaries Hybe Solutions Japan and Hybe T amp D Japan l were integrated to form a regional headquarters Hybe Japan The Japanese branch operates as an independent entity under CEO and former Hybe Solutions Japan CEO Han Hyun rock 126 It oversees music production music publishing music copyright management artist management and talent scouting and development 127 as well as facilitates the entry of other Hybe artists into the Japanese market 58 Hybe Labels Japan debuted its first boy group amp Team in December 2022 128 A collaboration with Hiroomi Tosaka of J Soul Brothers announced in 2021 129 resulted in the creation of the girl group Moonchild which debuted in 2023 130 Hybe Labels Japan co produces the group with LDH Japan 131 Labels Hybe Labels Japan amp Team 24Kumi citation needed Naeco 132 Yurina Hirate 132 Solutions Hybe Solutions Japan Hybe T amp D JapanFilmographyDrama Youth TBA with Chorokbaem Media Exhibitions Hybe Insight 2021 in South Korea 133 Reality and variety I Land 2020 Mnet with CJ ENM and Studio Take One amp Audition The Howling 2022 Hulu Japan amp Hybe Labels YouTube Channel R U Next 2023 JTBC amp Belift Lab Concerts and festivalsDate Name Venue Ref December 31 2020 2021 New Year s Eve Live presented by Weverse Weverse online 134 December 31 2021 2022 Weverse Con New Era KINTEX Hall in person Weverse online through VenewLive 135 136 June 10 11 2023 2023 Weverse Con Festival KSPO Dome and 88 Lawn Field in person 135 137 PhilanthropyOn February 13 2023 Hybe donated 500 million won to support recover from 2023 Turkey Syria earthquake by donating money through Save the Children 138 Notes as Big Hit Entertainment Co Ltd as HYBE Corporation formerly Weply prior to March 9 2020 29 manages artists such as Justin Bieber and Ariana Grande a b Though corporate filing documentation uses the name Big Hit America it is Hybe America being referenced News outlets interchangeably use Big Hit America and Hybe America to refer to the company acquiring Ithaca for Hybe Corp indicating that they are one and the same This article hereinafter uses Hybe America only revealed in March by then CBO Min Hee jin during the rebrand announcement 44 acronym for All doors one room 64 members were selected through the Plus Global Audition held in 2019 64 formerly a joint venture with CJ ENM Entertainment Division 111 formerly beORIGIN Co Ltd formerly beNX Co Ltd formerly TNDJReferences a b Jeong Hee yeon March 22 2021 빅히트 사옥 이전 용산으로 공식 Big Hit office relocated to Yongsan Official Sports Donga in Korean Archived from the original on March 28 2021 Retrieved March 28 2021 HYBE SOARS TO NEW HEIGHTS ACHIEVING RECORD BREAKING KRW 2 TRILLION IN REVENUE AND HISTORIC OPERATING PROFIT OF 2023 HYBE Corporation Official Website February 26 2024 Big Hit Entertainment Who We Are section Archived from the original on February 11 2021 Retrieved February 11 2021 HYBE Co Ltd Company Profile and News Bloomberg Markets Bloomberg Archived from the original on April 2 2020 Retrieved November 4 2021 방탄소년단 만든 이 남자의 헉소리 나는 히트곡들 BTS the man who made these hit songs Kookmin Daily in Korean December 6 2017 Archived from the original on July 21 2018 Retrieved June 22 2020 via Naver a b Yoon Sung yeol February 21 2014 단독 에이트 7년만에 잠정적 해체 각자 음악 활동 Exclusive 8Eight temporarily disbanded after seven years their own music activities Star News in Korean Archived from the original on June 22 2020 Retrieved June 22 2020 via Naver a b Lee Min ji Danbi Hong Grace April 9 2014 2AM s Jo Kwon Im Seulong and Jung Jin Woon Return to JYP Entertainment Newsen Archived from the original on March 12 2016 Retrieved June 22 2020 via Mwave 세상의 총알을 막아내는 소년들 그룹 방탄소년단 Group BTS boys who block the world s bullets Cuvism Magazine in Korean July 22 2013 Archived from the original on June 6 2015 Retrieved June 22 2020 Danbi Hong Grace June 12 2013 Video BTS Asks about Your Dreams in No More Dream MV Mwave Archived from the original on February 5 2015 Retrieved June 22 2020 a b Hwang Hye jin June 12 2013 Big Hit Reveals Lim Jeong Hee s Contract Ended in May Newsen Archived from the original on December 30 2015 Retrieved June 22 2020 via Mwave Lee Eun jeong January 15 2015 이병헌 협박한 가수 소속된 걸그룹 글램 해체 The girl group Glam whose singer threatened Lee Byung hun was disbanded in Korean Yonhap News Archived from the original on February 25 2015 Retrieved October 3 2018 글램 결국 3년 만에 해체 이병헌 협박女 다희 이지연 실형 선고 Glam finally disbanded after three years Lee Byung hun blackmailed Da hee amp Lee Ji yeon 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Herman Tamar October 17 2018 BTS Extend Contracts With Big Hit Entertainment Until 2026 Forbes Archived from the original on October 19 2018 Retrieved June 22 2020 Lee Sang yeon December 6 2018 한국벤처투자 Korea VC Awards 2018 개최 Korea Venture Investment host Korea VC Awards 2018 Money Today in Korean Archived from the original on June 22 2020 Retrieved June 22 2020 via Naver News Kelley Caitlin February 6 2019 BTS s Label Reveals Tomorrow X Together Will Debut March 4 Forbes Archived from the original on February 7 2019 Retrieved June 22 2020 Herman Tamar March 7 2019 Big Hit Entertainment Appoints New Co CEO Following Rise Of BTS Launch Of TXT Forbes Archived from the original on December 7 2019 Retrieved June 22 2020 Lee Jung ho March 6 2019 빅히트 방탄 성장 주역 윤석준 공동 대표이사 선임 Big Hit Ballistic Growth Leader Yoon Seok jun appointed as co CEO Star News in Korean Archived from the original on March 6 2019 Retrieved August 3 2019 via Naver Kelley Caitlin July 28 2019 Big Hit Entertainment BTS s Label Acquires Source Music Forbes Archived from the original on October 11 2019 Retrieved June 22 2020 Kim Eun ae August 19 2018 빅히트 음악게임 회사 수퍼브 인수 방시혁 긍정적 가치 가져다줄 것 공식 Official Bighit acquires music game company Superb Bang Sihyuk It will bring positive value Osen in Korean Archived from the original on June 22 2020 Retrieved June 22 2020 via Naver weverseshop March 2 2020 From 9 March 2020 the global fan merch app Weply is changing its name to Weverse Shop All your Weply account information will remain the same on Weverse Shop You can shop your favorite merch without having to worry about a thing More info here Tweet Retrieved June 22 2020 via Twitter Mehta Stephanie March 10 2020 Millions of BTS fans use these 2 apps to connect and shop No tech startups needed Fast Company Archived from the original on March 10 2020 Retrieved June 22 2020 Herman Tamar May 25 2020 BTS s Agency Big Hit Becomes Majority Shareholder Of K Pop Company Pledis Home To Seventeen amp NU EST Forbes Archived from the original on June 2 2020 Retrieved June 22 2020 Kim Seong October 18 2020 이제 진짜 한솥밥 식구 공정위 BTS 세븐틴 소속사 결합 승인 Now we re really in the same pot Fair Trade Commission approves BTS and Seventeen s agency combination News1 in Korean Archived from the original on February 18 2021 Retrieved February 17 2021 via Naver News a b Benjamin Jeff November 18 2020 Big Hit Entertainment To Acquire Label Founded By Korean Super Producer Rapper Zico Forbes Archived from the original on November 18 2020 Retrieved November 19 2020 Frater Patrick January 27 2021 BTS Agency Big Hit Entertainment to Invest 63 Million in Rival YG Variety Archived from the original on January 27 2021 Retrieved February 17 2021 Stassen Murray January 27 2021 BTS s Label Big Hit Now Owns Part of Rival K Pop Company YG Rolling Stone Archived from the original on January 27 2021 Retrieved February 11 2021 Choi Ji won January 31 2021 Big Hit partnership with Naver YG Plus a win win for entertainment industry The Korea Herald Archived from the original on January 31 2021 Retrieved February 25 2021 Yoon Zo yeon January 27 2021 Big Hit Naver and YG join forces in a big K pop stock swap Korea JoongAng Daily Archived from the original on January 27 2021 Retrieved February 17 2021 Kim Hyun su May 13 2021 FTC gives go ahead for merger deal between V Live and Weverse The Korea Herald Archived from the original on May 13 2021 Retrieved June 9 2021 Benjamin Jeff February 17 2021 Big Hit Entertainment amp Universal Music Group Detail Partnership For Boy Band Technology Offerings Forbes Archived from the original on February 18 2021 Retrieved February 18 2021 Aswad Jem February 17 2021 Big Hit Entertainment Home of BTS and Universal Music Unveil Expanded Partnership Including New Label Variety Archived from the original on February 23 2021 Retrieved February 18 2021 Perez Lexy Sun Rebecca February 17 2021 Universal Music Group and Big Hit Records Partnering to Debut New Boy Group The Hollywood Reporter Archived from the original on February 18 2021 Retrieved February 18 2021 Murray Stassen February 25 2021 Big Hit invests 3 6m in AI fake voice startup Could it clone BTS s vocals Music Business Worldwide Archived from the original on February 25 2021 Retrieved February 26 2021 Hwang Hye jin March 11 2021 빅히트 하이브 HYBE 로 사명 바꾼다 방시혁 의장 사내이사 후보 Newsen in Korean Archived from the original on March 20 2021 Retrieved March 19 2021 via Naver a b c d Choi Ji won March 19 2021 Newsmaker Big Hit Entertainment to change name to Hybe The Korea Herald Archived from the original on March 19 2021 Retrieved March 19 2021 Yeo Gladys March 19 2021 BTS agency Big Hit Entertainment rebrands itself as HYBE NME Archived from the original on March 19 2021 Retrieved March 19 2021 Jung Min ha March 30 2021 하이브 이름 바꾼 빅히트 투자 전문가 박영호 사외이사 선임 Big Hit renamed Hybe appoints investment expert Park Young ho as outside director The Chosun Ilbo in Korean Archived from the original on March 31 2021 Retrieved March 31 2021 a b c 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10 2021 Retrieved May 12 2021 Seo Hye jin May 12 2021 MSCI 지수 정기변경 HMM 하이브 SKC 녹십자 등 4종목 편입 Regular change of MSCI index 4 stocks HMM Hybe SKC and Green Cross included Financial News in Korean Archived from the original on May 12 2021 Retrieved May 12 2021 via Naver News a b Aswad Jem Davis Rebecca July 1 2021 Bang Si hyuk Steps Down as CEO of BTS Powerhouse HYBE Variety Archived from the original on July 4 2021 Retrieved August 15 2021 a b Stassen Murray July 1 2021 Bang Si hyuk Steps Down As CEO Of Hybe Formerly Known As Big Hit Entertainment Music Business Worldwide Archived from the original on July 12 2021 Retrieved August 15 2021 Shin Min hee November 4 2021 HYBE sets its sights on webtoons web novels NFTs and more Korea JoongAng Daily Archived from the original on November 4 2021 Retrieved November 4 2021 a b Cho Jeehyun November 4 2021 Hybe and Dunamu enter equity based partnership for NFT business Pulse News Archived from the original on November 4 2021 Retrieved November 5 2021 Stassen Murray November 4 2021 Get Ready For BTS NFTS HYBE To Acquire 421M Stake In Crypto Firm And Launch Collectables JV Music Business Worldwide Archived from the original on November 4 2021 Retrieved November 5 2021 Yoon Sang geun November 11 2021 하이브 CI 2021 레드닷 디자인 어워드 본상 수상 영예 공식 Hybe CI 2021 Red Dot Design Award Bonsang Award Official Star News Archived from the original on November 11 2021 Retrieved November 10 2021 via Naver a b Lee Jae lim November 12 2021 HYBE to establish new music label with Min Hee jin at helm Korea JoongAng Daily Archived from the original on November 12 2021 Retrieved October 9 2022 Chin Carmen July 22 2022 Hybe s latest girl group NewJeans make their much anticipated debut with Attention NME Archived from the original on July 22 2022 Retrieved October 9 2022 Choi Ji won January 12 2022 Hybe to premiere webtoon series featuring BTS this week The Korea Herald Archived from the original on January 12 2022 Retrieved March 31 2022 Ramachandran Naman January 19 2022 BTS Online Comic 7Fates CHAKHO Hits 15 Million Views Global Bulletin Variety Archived from the original on January 20 2022 Retrieved March 31 2022 The World s 50 Most Innovative Companies 2022 Fast Company March 8 2022 Archived from the original on March 8 2022 Retrieved March 8 2022 Laporte Nicole March 8 2022 The 10 most innovative media companies of 2022 Fast Company Archived from the original on March 8 2022 Retrieved March 8 2022 Bruner Raisa March 30 2022 Time100 Most Influential Companies of 2022 HYBE and Bang Si hyuk Are Transforming the Music Business With a Little Help From BTS Time Archived from the original on March 30 2022 Retrieved March 31 2022 Lee Gyu lee March 31 2022 HYBE Pinkfong listed on TIME s 100 Most Influential Companies The Korea Times Archived from the original on March 31 2022 Retrieved March 31 2022 BTS agency HYBE makes TIME 100 most influential companies list anew GMA News Online March 30 2022 Archived from the original on March 31 2022 Retrieved March 31 2022 Ko Seung hee April 22 2022 하이브 세계 3대 디자인상 2관왕 iF 디자인 어워드 2022 본상 Hybe Wins Two of the World s Top Three Design Awards iF Design Awards 2022 Bonsang Herald Economy Archived from the original on April 22 2022 Retrieved April 25 2022 via Naver Brzeski Patrick July 11 2022 Disney to Produce Three Projects Featuring K Pop Supergroup BTS The Hollywood Reporter Archived from the original on July 12 2022 Retrieved July 11 2022 Frater Patrick July 11 2022 Two BTS Series to Play on Disney Streaming Services Following Deal With Hybe Variety Archived from the original on July 12 2022 Retrieved July 11 2022 Hong Yoo February 10 2023 SM founder Lee Soo man joins hands with Hybe to counter SM s Kakao partnership The Korea Herald Archived from the original on February 10 2023 Retrieved February 10 2023 Oh Dae seok Kim Minu March 3 2023 Galaxia SM sells its entire SM Entertainment stake to Hybe Pulse News Archived from the original on March 9 2023 Retrieved March 9 2023 Frater Patrick March 11 2023 K Pop HYBE and Kakao End Hostilities in Takeover Battle for SM Entertainment Variety Archived from the original on March 12 2023 Retrieved March 12 2023 Kim Hyunsu March 24 2023 K pop takeover battle loser HYBE to sell 437 mln stake in SM Reuters Archived from the original on March 24 2023 Retrieved March 24 2023 Yim Hyunsu March 28 2023 Kakao s stake in K pop agency SM climbs to 40 HYBE retains 8 8 Reuters Archived from the original on April 5 2023 Retrieved May 25 2023 Yim Hyunsu May 23 2023 South Korea s HYBE signs deal with China s Tencent Music Reuters Archived from the original on May 25 2023 Retrieved May 25 2023 Yoon So yeon August 10 2023 HYBE fully acquires K pop agency Belift Lab from CJ ENM Korea JoongAng Daily Archived from the original on August 10 2023 Retrieved August 10 2023 Frater Patrick August 10 2023 Enhypen Backer Belift Lab Acquired by K Pop Giant Hybe Variety Archived from the original on August 10 2023 Retrieved August 10 2023 K pop giant Hybe buys its first Latin music company The Straits Times November 13 2023 Archived from the original on November 13 2023 Retrieved November 13 2023 Mexico Ursula Medina El Sol de HYBE firma coreana que maneja a BTS abre oficina en Mexico El Sol de Mexico Noticias Deportes Gossip Columnas in Spanish Retrieved March 10 2024 Big Hit Entertainment Who We Are section Archived from the original on June 23 2020 Retrieved June 23 2020 Kim Chang won April 4 2018 Game maker becomes second largest shareholder of BTS agency Aju Business Daily Archived from the original on April 6 2018 Retrieved February 17 2021 Heo Ji eun November 6 2023 넷마블 하이브 지분 6 블록딜 처분 5688억원 규모 Economist Archived from the original on November 8 2023 Retrieved November 8 2023 via Naver 방준혁 넷마블 의장과 방시혁 하이브 의장은 방씨 일가 친척 관계다 같은 성씨에 혁 자 돌림을 쓰지만 사촌 지간은 아닌 것으로 알려져 있다 Netmarble chairman Bang Joon hyuk and Hybe chairman Bang Si hyuk are relatives of the Bang family Although they use the same second syllable Hyuk it is known that they are not cousins Kwon Il woon November 10 2018 스틱인베스트 BTS에 1040억 베팅 Paxnet News in Korean Archived from the original on August 3 2019 Retrieved February 17 2021 Kim Sohee December 17 2017 Mogul Behind K Pop Boy Band BTS Considers IPO Bloomberg Archived from the original on December 23 2017 Retrieved February 17 2021 Kim Yeon joo Kim Hyo jin June 7 2019 BTS label Big Hit Entertainment joins the ranks of unicorns HRI report Pulse News Archived from the original on September 27 2020 Retrieved December 11 2020 Lee Ji Yoo March 26 2018 Expectations high for BTS backed Big Hit Entertainment s IPO The Investor Archived from the original on November 7 2018 Retrieved August 3 2019 via The Korea Herald a b STIC Investments invests W104b in Big Hit The Investor October 11 2018 Archived from the original on November 7 2018 Retrieved December 11 2020 Choi Man soo March 27 2018 양현석 넘은 박진영 BTS 대박에 방시혁 1위 Park Jin young over Yang Hyun seok Bang Si hyuk is No 1 thanks to BTS The Korea Economic Daily in Korean Archived from the original on July 29 2019 Retrieved August 3 2019 Kang Myoung Seok Jeon Yu Rim Gukby Sim April 1 2019 Big Hit Entertainment New Generation to introduce a new future of K pop Ize Archived from the original on April 5 2019 Retrieved December 11 2020 Park Hee A Gukby Sim April 1 2019 Big Hit Entertainment The Decisions that Made Big Hit Ize Archived from the original on April 5 2019 Retrieved December 11 2020 Herman Tamar March 20 2019 BTS Helps Label Big Hit Entertainment to Record Result In 2018 Billboard Archived from the original on March 21 2019 Retrieved February 17 2021 Kim Yeon joo June 6 2019 BTS 소속사 빅히트엔터 유니콘 됐다 BTS agency Big Hit Entertainment became a unicorn Maeil Business News in Korean Archived from the original on June 8 2019 Retrieved February 17 2021 Bae Dong ju March 2 2020 과열로 치닫는 빅히트 몸값 3조원에서 6조원으로 2배 껑충 Big Hit s value jumped Double the price from 3 trillion won to 6 trillion won JoongAng Ilbo Economist in Korean Archived from the original on April 7 2020 Retrieved February 17 2021 via Naver News BTS agency Big Hit may file for IPO as early as this week Pulse News May 27 2020 Archived from the original on June 6 2020 Retrieved February 17 2021 BTS agency Big Hit applies for preliminary review for listing Yonhap May 29 2020 Archived from the original on May 28 2020 Retrieved May 29 2020 via The Korea Herald Ji Min kyung October 15 2020 빅히트 시초가 27만원으로 코스피 입성 세계적으로 사랑받는 기업되겠다 종합 Osen in Korean Archived from the original on October 17 2020 Retrieved February 17 2021 via Naver Cirisano Tatiana October 15 2020 BTS Label Big Hit Entertainment Doubles Shares in Smash Stock Market Debut Billboard Archived from the original on October 15 2020 Retrieved February 17 2021 a b Big Hit Entertainment 2020 net profit up 19 1 pct to 86 2 bln won Yonhap News Agency February 23 2021 Archived from the original on February 26 2021 Retrieved February 26 2021 a b Big Hit s 2020 net soars amid unrelenting BTS popularity The Korea Herald 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Belift Lab Acquired by K Pop Giant Hybe Variety Archived from the original on August 12 2023 Retrieved October 8 2023 Hwang Hye jin July 28 2019 빅히트 측 쏘스뮤직 인수 계약 자회사 편입 독립성 유지 공식 Official Big Hit s Source Music Acquisition Agreement Incorporates Subsidiaries Maintains Independence Newsen Archived from the original on February 18 2021 Retrieved February 17 2021 via Naver Kyung Ji min July 28 2019 빅히트엔터테인먼트 쏘스뮤직 인수 멀티 레이블 구조 강화 공식입장 Big Hit Entertainment Source Music Acquisition Strengthens Multi label Structure Official Position Osen in Korean Archived from the original on February 18 2021 Retrieved July 12 2020 via Naver Kim Na yul May 25 2020 빅히트 플레디스 최대주주 지위 확보 뉴이스트 세븐틴으로 최고 라인업 공식 Official Big Hit secures the position of the largest shareholder in Pledis Top lineup with Nu est and Seventeen The Korea Herald in Korean Archived from the original on February 18 2021 Retrieved February 17 2021 via Naver Hwang Su yeon 더 이상 논쟁은 싫어 주결경 플레디스 계약해지 통보 후 SNS 심경글 게재 종합 entertain naver com in Korean Archived from the original on May 14 2021 Retrieved February 2 2022 Kim Jin seok April 17 2023 지코 아이돌 보이넥스트도어 5월 30일 6인조 데뷔 JTBC in Korean Archived from the original on April 17 2023 Retrieved April 18 2023 Kim Yeon ji May 18 2021 하이브 에듀 해외 초 중등학교 공교육용 한국어 교재 개발 착수 Hybe Edu launches development of Korean language textbooks for public education in overseas elementary and secondary schools Daily Sports in Korean Archived from the original on May 18 2021 Retrieved May 18 2021 합병등 종료보고서 Merger etc Closing Report in Korean Hybe Corporation July 2 2021 Archived from the original on September 4 2021 Retrieved September 4 2021 Kyung Ji min May 17 2021 위버스컴퍼니 미국 플랫폼 스타트업 FAVE에 투자 공식 Weverse Company Invests in US Platform Startup FAVE Official Osen in Korean Archived from the original on May 18 2021 Retrieved May 18 2021 Hybe Corporation May 14 2021 Hybe Quarterly Report dart fss or kr Financial Supervisory Service Archived from the original on June 2 2021 Retrieved July 15 2021 Choi Ji 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February 27 2023 Archived from the original on February 27 2023 Retrieved July 13 2023 a b 平手友梨奈がHYBEに移籍 日本を超えてグローバルなステージへ Natalie in Japanese December 21 2022 Archived from the original on December 21 2022 Retrieved December 21 2022 Dong Sun hwa May 14 2021 HYBE INSIGHT BTS museum opens to public The Korea Times Archived from the original on October 28 2022 Retrieved October 29 2021 Mamo Heran December 30 2020 How to Watch BTS Halsey Lauv amp More on Big Hit Labels 2021 New Year s Eve Live Billboard Archived from the original on December 30 2020 Retrieved February 18 2021 a b Gong Mi na 하이브 31일 합동 공연 개최 세븐틴 저스틴 비버 합류 공식 Hybe joint concert held on the 31st Seventeen Joining Justin Bieber Official Starnews in Korean Naver Archived from the original on December 7 2021 Retrieved December 7 2021 2022 Weverse Con New Era Venewlive Archived from the original on December 13 2021 Retrieved December 13 2021 2022 Weverse Con New Era Venewlive Archived from the original on December 13 2021 Retrieved December 13 2021 Ko Seung hee February 13 2023 하이브 5억원 SM 2억원 타이거JK까지 튀르키예 강진에 기부 Hive 500 million won SM 200 million won Tiger JK Donation to Turkiye Earthquake Herald Economy in Korean Archived from the original on February 14 2023 Retrieved February 14 2023 via Naver External linksOfficial website Business data for Hybe BloombergGoogleReutersYahoo Retrieved from https en wikipedia org w index php title Hybe Corporation amp oldid 1218685547, wikipedia, wiki, book, books, library,

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