Latest news with #HybeCo
Bloomberg
02-07-2025
- Entertainment
- Bloomberg
BTS to Release First Album in Four Years in Bid to Reclaim K-Pop Crown
BTS is launching its first album in four years next spring, a high-stakes comeback for the K-pop sensation, its agent Hybe Co. and South Korea's music industry. The seven-member group which grew from unknown boy band to global juggernaut, commanded sold-out global tours and Billboard Music awards, with appearances at the United Nations and the Qatar World Cup.
The Star
29-05-2025
- Business
- The Star
K-pop giant Hybe opens Beijing office in hope China will lift ban on Korean pop concerts
BEIJING: Hybe Co, the company behind K-pop sensation BTS, has opened its first office in China in the wake of rising expectations that Beijing will soon lift a near-decade-long ban on Korean pop performances in the mainland. K-pop's largest company opened an outpost in Beijing last month, according to a Hybe spokesperson. That comes as Hybe and rival SM Entertainment Co. have ramped up their China business teams over the past few months. Widespread expectations that China will soon end an unofficial ban on K-pop performances - in place since 2016 - is spurring a flurry of preparation throughout the industry and boosting shares. Hybe shares are up 40% this year. SM Entertainment's stock price have jumped around 70%, while Blackpink manager YG Entertainment Inc. shares are up more than 75%. China's biggest music streaming platform operator Tencent Music Entertainment Group plans to buy a nearly 10% stake in SM Entertainment, a move that's expected to resume K-pop music distribution and help fuel a possible K-pop resurgence in the world's No. 2 economy. Compared to SM, whose artists toured mainland China before the K-pop ban, Hybe has had little exposure in the market. Instead, it's pivoted its business to the US and Japan, acquiring Ithaca Holdings, the label that represents Ariana Grande and Justin Bieber. - Bloomberg
