Analysis News From Deezer’s AI music strategy, to who HYBE might try to buy in Latin Music… it’s MBW’s Weekly Round-UpThe biggest music biz headlines from the past week, all in one place
Analysis HYBE is raising a stack of capital to buy Latin Music companies. Who might it target?MBW picks out 10 companies that might just be on the minds of Scooter Braun and HYBE Chairman, Bang Si-Hyuk
News HYBE is raising $380m to fund more music acquisitions in the US (report)South Korea-based music giant behind K-pop superstars BTS and rising stars New Jeans seeks to expand global presence via M&A
News HYBE inks music distribution deal with Tencent Music EntertainmentDeal will see music from HYBE artists including Seventeen and Tomorrow x Together made available on QQ Music, Kugou and Kuwo
Analysis News HYBE’s revenues grew 44.1% YoY to $306m in Q1, driven by K-Pop stars Tomorrow x Together, Seventeen, Jimin and moreHYBE’s revenues grew 44.1% YoY to 410.6 billion South Korea Won in Q1 2023, according to a new investor filing published on Tuesday (May 2)
News SM Entertainment HQ raided by financial regulator in South Korea (report)South Korea's Financial Supervisory Service is investigating suspected stock manipulation
News HYBE’s Weverse helped it generate over $50m from fan club activities last year. Now SM Entertainment artists are joining the superfan platformPlatform brings together artist-related content such as music videos, teasers, movies and live streams
News Kakao launched a new virtual K-Pop group called MAVE, and the first single has already generated 20m streams on SpotifyVirtual group also 172,000 subscribers on YouTube
News Kakao Entertainment plots global expansion via the US, strikes partnership with Sony’s Columbia RecordsPartnership includes 'global management' of rising K-Pop stars, IVE
News HYBE’s SM Entertainment takeover plan falls short, Kakao launches $960m offer for controlling stakeSM Entertainment’s shareholders are not buying into HYBE’s plan to take control of its rival
News HYBE says it ‘has been considering the acquisition of SM Entertainment for a long time’ as it launches campaign to win support from SM shareholdersHYBE says campaign was developed "to protect shareholder value from inappropriate actions by the current management at SM".
News HYBE warns of potential ‘legal measures’ against SM Entertainment over Kakao deal (report)Rift between K-Pop giants HYBE and SM Entertainment escalates
News HYBE says it ‘can stand shoulder-to-shoulder with the world’s major record labels’ as it secures stake in rival SM EntertainmentHYBE completes deal to acquire 14.8% stake in rival SM Entertainment
Analysis News HYBE revenues soared 41.6% YoY to $1.37bn in 2022, surpassing the 1 billion dollar mark for the second straight yearHYBE posts 2022 financial results