Kakao Entertainment plots global expansion via the US, strikes partnership with Sony’s Columbia Records
South Korea-based music companies are going to have a major impact on the US industry in 2023 (even more...
Entertainment
From Believe’s $800m in annual revenues to HYBE ending its SM Entertainment takeover bid… it’s MBW’s Weekly Round-Up
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our...
HYBE pulls out of bid to acquire 40% stake in SM Entertainment
HYBE, the South Korea-headquartered music giant, has officially ceased its attempt to acquire a 40% stake in rival K-pop...
HYBE’s SM Entertainment takeover plan falls short, Kakao launches $960m offer for controlling stake
The corporate drama playing out in the music business in South Korea just entered its latest act. South Korean...
HYBE warns of potential ‘legal measures’ against SM Entertainment over Kakao deal (report)
The battle between K-Pop giants HYBE and SM Entertainment escalated over the weekend as HYBE, the agency behind BTS,...
From HYBE’s stake in SM Entertainment to Live Nation’s $9.6bn investment in artists… it’s MBW’s Weekly Round-Up
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our...
K-Pop giant SM Entertainment generated revenues of $198m in Q4, up 18.2% YoY
South Korea-based entertainment giant SM Entertainment, whose founder recently sold a 14.8% stake to rival HYBE, the company behind...
Silver Lake to start looking for buyers for entertainment and ticketing giant TEG (report)
Silicon Valley-based technology investment firm Silver Lake is preparing a sale of Australia-headquartered live entertainment and ticketing company TEG,...
BTS Label HYBE buys $334m stake in AESPA label SM Entertainment
There is a lot of consolidation going on amongst the giants of the K-Pop industry. Earlier this week, we...
Confirmed: Concord acquires Hitco Entertainment record label assets
Concord has acquired what it says are “certain assets” of Hitco Entertainment, “including (with limited exclusions) its entire sound...