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Saudi Arabia, CJ Group Explore Cultural Collaboration
CJ Group Chairman Lee Jay-hyun revealed to have visited Saudi Arabia earlier this month at the Saudi government's invitation to discuss bilateral cooperation opportunities in various cultural sectors. Lee met with key government officials from the Ministry of Culture, the Ministry of Tourism and the General Entertainment Authority (GEA) to explore possibilities to partner…
September 25, 2024
Business
HYBE Inks 10-Year Deal With Universal Music Group
HYBE has inked an expanded 10-year agreement with Universal Music Group (UMG), providing exclusive distribution rights across the former's roster of artists and labels. Under the partnership, UMG will further collaborate with HYBE’s social-media app Weverse, to bring deeper connection between UMG artists and their fanbase “A partnership of this magnitude only comes together when…
March 27, 2024
Business
HYBE America To Acquire US Hip-Hop Label For AED909M
HYBE America, the US division of the South Korean entertainment conglomerate that's home to BTS, has agreed to purchase QC Media Holdings for AED 909.6 million (314 billion Korean won) in March. Major moves QC Media is the parent company of Atlanta-based label, Quality Control Music, home to musicians such as Migos, City Girls, and…
February 9, 2023
Business
Weverse Fandom Report 2022: Here’s What To Know
Weverse recorded 330 million posts from 53.9 million users in 245 nations in 2022, according to the fan platform’s year-end report, up 17.9 million from last year. Fandom trend The ‘2022 Weverse Fandom Trend,' which analyzed this year’s most popular trends and contents, revealed the app launched 44 new communities this year, bringing the…
December 27, 2022
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