Is Big Hit and YG going together?

Is Big Hit and YG going together?

Under terms of the deal with YG, Big Hit is investing in YG PLUS, a subsidiary that focuses on global artist-membership-related businesses. YG PLUS will leverage Weverse to reach out to more global fans while supporting Big Hit's music distribution and merchandising businesses.

Is Big Hit buying YG?

As reported by Korea's Yonhap News Agency, the deal will see Bang Si-hyuk-led Big Hit, and its subsidiary beNX, invest 30bn won and 40bn won, respectively, in YG's merch and distribution affiliate, YG Plus. ...

Is Big Hit buying Blackpink?

Big Hit Entertainment, the powerhouse behind BTS, will invest approximately $63 million in the rival company that formed Blackpink.

Is G friend under Big Hit?

K-pop girl group GFRIEND is now part of Big Hit Entertainment's family! ... Big Hit Entertainment said in an official statement, “A contract for the acquisition of Source Music's shares has recently been finalized and the company will join Big Hit as a subsidiary.” Source Music is GFRIEND's original music label.

Who is the most loved K-pop group?

BTS is arguably *the* most popular K-pop group around the globe and with good reason. Their accolades include: becoming the first artists in iTunes history to have eight songs hit number countries, breaking the record for most viewers for a YouTube premiere, and absolutely crushing a U.S. stadium tour.

Is YG still part of the Big 3?

YG Entertainment has officially lost their 'Big 3' status. According to a report by Sports Seoul on the 27th, the new 'Big 4' as evident by market capitalization is now composed of: SM, JYP, CJENM, and Big Hit.

Why did G friends disband?

Wondering what the GFRIEND members are doing after disbandment? Here's what our fav girls have been up to. As of , the six-year contract of girl group GFRIEND with their label Source Music came to an end. The members decided not to renew the contract and, furthermore, got separated from each other.

Who are YG Entertainment and Big Hit Entertainment?

• YG Entertainment and Big Hit Entertainment have formed a joint strategic partnership to further improve both agencies. According to the press release shared by YG Entertainment, they have formed a strategic partnership with Big Hit Entertainment and will cooperate in various forms.

Who is GFriend now part of big hit?

• On July 29, it was announced that Big Hit Entertainment acquired Source Music, an agency that is best known for forming popular girl group GFRIEND. This means that GFRIEND is now a part of Big Hit.

What is the partnership between YG and big hit?

• The partnership will create a connection between the two companies in multiple areas, such as content distribution, content, and media platforms. In particular, it is noteworthy that online and offline platforms that are being developed by both companies will be expanded through the partnership.

How much money does Big Hit Entertainment have?

• Along with the partnership announcement, Big Hit Entertainment and their subsidiary company beNX have invested ₩70 billion KRW ($63,367,059 USD) into YG PLUS, with ₩30 billion KRW coming from Big Hit Entertainment and ₩40 billion KRW coming from beNX.