HYBE (formerly Big Hit Entertainment) In The News

SM Entertainment promotes CFO to CEO, appoints new directors post Kakao takeover

Chief Financial Officer Jang Cheol-hyuk promoted to CEO

Kakao officially SM Entertainment’s largest shareholder with 39.9% stake, as HYBE holds onto 8.8%

News culminates months-long corporate battle against SM rival HYBE to take control of the K-Pop agency

HYBE to sell $435m stake in SM Entertainment

Music giant to sell 15.8% stake in SM

HYBE’s SM Entertainment takeover plan falls short, Kakao launches $960m offer for controlling stake

SM Entertainment’s shareholders are not buying into HYBE’s plan to take control of its rival

In victory for HYBE, SM Entertainment ends Kakao deal as court blocks firm from issuing new shares

Seoul court grants provisional injunction to block the company from issuing new shares

HYBE warns of potential ‘legal measures’ against SM Entertainment over Kakao deal (report)

Rift between K-Pop giants HYBE and SM Entertainment escalates

SM Entertainment, the company behind K-Pop stars EXO and Aespa, generated revenues of $198m in Q4 2022, up 18.2% YoY

SM Entertainment posts Q4 financial results

Led by Scooter Braun, HYBE America buys Atlanta rap powerhouse Quality Control

Quality Control, a music, sports, and film and television empire, was founded by Chief Executive Officer Pierre Pierre “P” Thomas and Chief Operating Officer Kevin “Coach K” Lee.