hollywoodreporter.com 
South Korea’s Hybe Acquires Atlanta Hip-Hop Label Quality Control
South Korean music giant Hybe has acquired Atlanta-based QC Media Holdings, the parent company of influential hip-hop label Quality Control Music, home to Migos, Lil Yachty and Lil Baby.
According to a filing with Korean regulators, the deal is worth approximately $300 million, with Hybe paying a $250 million purchase price for QC, and issuing $50 million in new stock to QC’s founders Kevin “Coach K” Lee and Pierre “P” Thomas.
Established in 2005, and known as Big Hit Entertainment until 2021, Hybe is a multinational music talent agency, label, promoter, event management and production company. The company is home to K-pop phenomenons BTS, Tomorrow X Together and Lee Hyun.
Related Stories
The deal comes as Hybe increasingly looks beyond K-pop and the Asian market for growth and is the first big acquisition under Hybe America CEO Scooter Braun and gives the company control over one of the fastest-growing and most culturally relevant independent labels in the U.S.
Hybe America will now oversee the Quality Control label, with Thomas and Lee remaining in charge, under the direction of Braun. Hybe America also includes SB Projects (clients include Justin Bieber, Ariana Grande, Demi Lovato and Kid Laroi) and Big Machine Label Group (roster includes Tim McGraw, Thomas Rhett and Rascal Flatts).
“Based on hip-hop, QC has been making a strong presence in the American music scene,” Hybe CEO Jiwon Park said in a statement. “With our shared vision, I have high hopes in what we can operate and achieve together.”
“P and I are ecstatic about this partnership with Scooter and HYBE and are confident they can get us to our global ambitions we’ve had in our scope since the beginning of the company as nothing means more than our artists impacting worldwide,” Lee added in a statement. “Over many years, Scooter and I have cultivated real trust and a common way of looking at the world and culture.”
Related News & Content
-
Use wp.media templates to create totally custom modal
Use wp.media templates to create totally custom modal,Following up on this answer I'm trying to determine how to create a modal with completely unique menu items/content than the media modal. If you add a new state you can add a new menu tab and hav... -
Get post by tag
Get post by tag,I want to get several post by tag. So I try to use get_posts() function: <?php $args = array( 'numberposts' => '3', 'post_status' => 'publish', 'tag' => 'travel' ); $ -
Elementor + ACF: How to insert dynamic JSON-LD formatted code into ACF field without sanitizing the script tag?
Elementor + ACF: How to insert dynamic JSON-LD formatted code into ACF field without sanitizing the script tag?,On a normal website, I am able to add JSON-LD structured data, such as below, into a Elementor HTML widget, in a proper way. However, as soon as I insert JSON-LD format into an ACF field (Textarea)... -
Gutenberg InnerBlocks noallowedblocks on parent but allowedblock on Child
Gutenberg InnerBlocks noallowedblocks on parent but allowedblock on Child,This is a continuation of the following post: Custom Gutenberg block with nested InnerBlocks renderAppender not displaying add button I solved one problem but created a different problem. I'm recr... -
Delay Issue: Using Wget with JSON Endpoint – Need Help Understanding Headers
Delay Issue: Using Wget with JSON Endpoint – Need Help Understanding Headers,On a WooCommerce website, I have a REST endpoint created with register_rest_route that returns a JSON response. To perform a routine with a certain frequency and urgency, I have added this instruct... -
How do I change top header background color
How do I change top header background color,Please refer to website: https://virginiafrank.com I cannot get the top header background color (or phone numbers) to change color. I would prefer the background gold and text black. I can't make t... -
How to display the_tags() as plain text
How to display the_tags() as plain text,the_tags by default is displaying as URL. I need to display it as plain text to insert inside HTML attribute. <?php $tag = the_tags(''); ?> <div class="image-portfolio" data-section... -
Give to site admin the option to "skip confirmation email" when adding new user
Give to site admin the option to "skip confirmation email" when adding new user,in wordpress multisite when we give to site admin the option to add new users, site admin dont have the "checkbox" to add the new user without sending the user email with link activation (see the -
Facing Hamas and Tehran, Israel is left with only vengeful madness | Opinion
Facing Hamas and Tehran, Israel is left with only vengeful madness | Opinion,Despite the Terrible Disaster on October 7, and the Failures It Exposed, Israel Is Still Convinced That the Image of the Mad Man Will Ensure Its Security -
Carol Kirkwood stuns in figure-hugging dress amid BBC Breakfast technical chaos
Carol Kirkwood stuns in figure-hugging dress amid BBC Breakfast technical chaos,CAROL Kirkwood stunned in a figure-hugging dress amid a technical blunder. BBC Breakfast was flung into chaos this morning after a string of sound issues. However Carol, 61, was all smiles as she p… -
Families ‘to sue prison’ where loud inmates ‘terrorise kids’ with screaming
Families 'to sue prison' where loud inmates 'terrorise kids' with screaming,Residents living next door to a new prison who say their kids have to sleep wearing headphones and some leave during weekends due to the racket are threatening to sue the prison service -
Doctor Strange’s Secret Wars Role May Be More Important Than You Thought – Looper
Doctor Strange's Secret Wars Role May Be More Important Than You Thought - Looper,According to entertainment leaker Alex Perez, Doctor Strange will find himself confronting his inner struggles as he headlines "Avengers: Secret Wars." -
I’ll Show You The Inside Of 12 Disney Homes, All You Have To Do Is Tell Me Which Movie They’re From
I'll Show You The Inside Of 12 Disney Homes, All You Have To Do Is Tell Me Which Movie They're From,I believe in you. -
Here’s to Our Favorite Tortured Poets
Here’s to Our Favorite Tortured Poets,Taylor Swift and her various modern idiots join a long line of pop-culture poets sanctimoniously performing soliloquies, from real-life figures (‘Shakespeare in Love’) to the fictional but equally tortured (‘Dead Poets Society’). -
‘What Jennifer Did’: Netflix doc explores shocking Ont. murder-for-hire case
'What Jennifer Did': Netflix doc explores shocking Ont. murder-for-hire case,Most of Jennifer Pan's entire life was made up of lies. When her parents began to catch on, she decided to bring in hired hitmen. -
What’s behind the lack of enthusiasm for this year’s music festivals?
What's behind the lack of enthusiasm for this year's music festivals?,The public sentiment about this year's crop of music festivals is an overwhelming "meh." There are good reasons for this. -
JERA backs AboitizPower’s plan to build offshore wind projects
JERA backs AboitizPower’s plan to build offshore wind projects,JERA Co. Inc., Japan’s largest power generation company, is willing to back Aboitiz Power Corp. should it decide to pursue offshore wind projects. -
Insurance penetration declines to 1.75% of GDP
Insurance penetration declines to 1.75% of GDP,The insurance industry saw its net income slightly decline to almost P10 billion in the first quarter amid a drop in the life segment.
Warning: file_get_contents(https://www.scienceradars.com/wp-output-content.php?pg=1&cat=&kw=&lvl=): Failed to open stream: HTTP request failed! HTTP/1.1 526 in /home/wwwroot/xuenou.com/wp-content/themes/chromenews/template-parts/content.php on line 169
Warning: file_get_contents(https://www.bayuexiang.com/wp-output-content.php?pg=1&cat=&kw=&lvl=): Failed to open stream: HTTP request failed! HTTP/1.1 526 in /home/wwwroot/xuenou.com/wp-content/themes/chromenews/template-parts/content.php on line 173
![iFi's GO Bar Kensei Dongle DAC Supports K2HD Technology With Some Samurai Swagger [Updated]](https://i0.wp.com/cdn.ecoustics.com/db0/wblob/17BA35E873D594/33FF/45A11/QTXOLJR4xDKSNMMk2WlTgjaIlvSgcYpeU1xJzUwIoYs/ifi-go-bar-kensei.jpg?w=768&ssl=1 "iFi's GO Bar Kensei Dongle DAC Supports K2HD Technology With Some Samurai Swagger [Updated]")
