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BTS Label Merges With Scooter Braun's Company in a Deal Worth Over $1 Billion!

The BTS company HYBE, formerly known as Big Hit Entertainment, is making massive money moves.

The company has merged with Ithaca Holdings, led by Scooter Braun‘s SB Projects, for a deal valued at more than $1 billion, Variety reported Friday (April 2).

HYBE will acquire a 100% stake in Ithaca Holdings and its properties, including SB Projects and clients Justin Bieber, Ariana Grande and Demi Lovato, as well as Big Machine Label Group.

Scooter will join the board of HYBE. Scott Borchetta will remain CEO of Big Machine Label Group. Artists belonging to both companies will participate in the capital increase of HYBE, according to a press release.

HYBE is now set to be one of the biggest entertainment companies with a music focus in the world.

Find out more about the deal inside…More Here! »

Big Hit Entertainment to Create Next Big K-Pop Group With 'I-LAND' TV Series - Here's How to Watch!

The next massive K-pop act might be getting put together before your very eyes.

Big Hit Entertainment, the agency behind the global powerhouse groups BTS and TXT, teamed up with CJENM, Asia’s leading entertainment and lifestyle company, to create a new television series called I-LAND.

PHOTOS: Check out the latest pics of BTS

The show will be available to watch on Rakuten Viki beginning on Friday (June 26). You can watch for free (with advertisements) or without advertisements with tiered subscriptions of Standard for $4.99 a month, and Plus Pass for $9.99.

The series is named after the building, I-Land, where contestants will have the opportunity to be mentored in the hopes of achieving their dreams to be the next K-Pop sensation. The building was designed and built to develop and produce the ultimate idol group.

Here’s more information: “After three years of architectural planning and construction, this colossal structure is a groundbreaking system for the future superstars to live in, train, and perform. Talented performers from around the world have been invited to I-Land where they must undertake and rise to a variety of challenges. Who will be the ones to survive the tests of I-Land and finally stand on the global stage?”

Over 20 young male K-pop trainees, born between 1997 and 2008, will compete in the show. They were selected from auditions held around the world in 2019.

The new boyband’s executive producer will be Bang Si Hyuk, the co-CEO of Big Hit Entertainment, and he will be joined by Zico of Block B and solo star Rain. Namgoong Min is the MC of the show.

We can’t wait to see what happens!

This K-pop girl group is getting everyone excited with this latest teaser for their comeback.