Bambino 24,303 Posted April 2, 2021 Share Posted April 2, 2021 The Korean company that launched K-pop sensation BTS, HYBE (formerly known as Big Hit Entertainment) is paying $1.05 billion for a 100% stake in Scooter Braun's Ithaca Holdings and its properties - which includes Big Machine Label Group, SB Projects and management clients Justin Bieber, Ariana Grande and Demi Lovato, among others. Artists of both companies will participate in the capital increase of HYBE to further strengthen the ties between the two companies. The deal encompasses a range of services including management, label services and publishing for a combined roster that includes BTS, TXT, Seventeen, GFriend, Enhypen, NU'EST among other HYBE acts, with Justin Bieber, Ariana Grande, J Balvin, Demi Lovato, Thomas Rhett, Florida Georgia Line, Lady A and more artists on the SB Projects and Big Machine rosters. Braun will join the board of HYBE and Scott Borchetta will remain CEO of Big Machine Label Group. In November 2020, Braun sold the master rights to Taylor Swift’s first six albums, released by Big Machine, for a deal believed to be worth north of $300 million. Link to post Share on other sites More sharing options...
Horny Chicken 9,083 Posted April 2, 2021 Share Posted April 2, 2021 That boyband makes a lot of money. Link to post Share on other sites More sharing options...
GucciGa 3,729 Posted April 2, 2021 Share Posted April 2, 2021 Me when Scooter Braun is mentioned 😇 Link to post Share on other sites More sharing options...
Sneaky Oliver 22,236 Posted April 2, 2021 Share Posted April 2, 2021 I hate how this industry is treating artists like football players. You should not be able to just sell someone’s art and career like that! Link to post Share on other sites More sharing options...
yes and 4,884 Posted April 2, 2021 Share Posted April 2, 2021 In November 2020, Braun sold the master rights to Taylor Swift’s first six albums, released by Big Machine, for a deal believed to be worth north of $300 million. Is there any info to whom? As far as I remember, he still obtain some of her rights on her previous records Did you think I'd show up in a limousine? No Link to post Share on other sites More sharing options...
shoful 13,304 Posted April 2, 2021 Share Posted April 2, 2021 2 minutes ago, Sour Candy said: In November 2020, Braun sold the master rights to Taylor Swift’s first six albums, released by Big Machine, for a deal believed to be worth north of $300 million. Is there any info to whom? As far as I remember, he still obtain some of her rights on her previous records If I remember correctly their name was like Shamrock something. He still benefits from the use of those songs though foe a decade I think "My name is Dita, I'll be your Mistress tonight..." Link to post Share on other sites More sharing options...
weed 74,473 Posted April 2, 2021 Share Posted April 2, 2021 That's insaneeeeeeeeeee omg. They are definitely going to force BTS onto the charts, surpassing 1D's success (in the US) by far. That's wild... I wonder how this will turn out. BTS on Ariana's + Justin's next album sksksks Link to post Share on other sites More sharing options...
Ryusei 61,110 Posted April 2, 2021 Share Posted April 2, 2021 more money to fund genocide with, great. Musery Link to post Share on other sites More sharing options...
Hunney 20 Posted April 2, 2021 Share Posted April 2, 2021 8 minutes ago, Ryusei said: more money to fund genocide with, great. They are korean not chinese. Link to post Share on other sites More sharing options...
Guest Tony Posted April 2, 2021 Share Posted April 2, 2021 58 minutes ago, Bambino said: In November 2020, Braun sold the master rights to Taylor Swift’s first six albums, released by Big Machine, for a deal believed to be worth north of $300 million. So... What now? (Not shade, I’m just confused) Link to post Share on other sites More sharing options...
OMonster 14,724 Posted April 2, 2021 Share Posted April 2, 2021 So, Justin, Ariana and Demi now share the same team as BTS... and the same team that owns Taylor Swift's discography. That's way too much power concentrated in one boardroom. subtext / fantasy Link to post Share on other sites More sharing options...
JazzGa 14,623 Posted April 2, 2021 Share Posted April 2, 2021 It will be interesting to see if there is conflict between the Korean management and promotional expectations (those boys in BTS work HARD constantly) and American musicians and celebrities pushing for more autonomy and freedom, less tours and traditional release schedules, etc. My old cat is a tough man, but i cant deny the way he bites my hand and he stabs me, he grabs me by my heart <3 Link to post Share on other sites More sharing options...
Werk 13,166 Posted April 2, 2021 Share Posted April 2, 2021 3 hours ago, Ryusei said: more money to fund genocide with, great. 2 hours ago, Hunney said: They are korean not chinese. No I think they're talking about how Scooter allegedly funds the genocide in Yemen Link to post Share on other sites More sharing options...
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