Big Hit Entertainment Reportedly Will Perform Merger With Source Music - Big Hit Entertainment is currently rumored to be in the process of merging with another agency.
On Monday (29/07), South Korean media reported that Big Hit Entertainment will carry out an M & A process (mergers and acquisitions) with Source Music agency, which houses the girl group GFRIEND.
A speaker from the Korean music industry said, "The Korean music industry has long known the relationship of Big Hit with Source Music. It seems like the two companies have now decided to make relationships that are more than just partners and join into one agency in order to unite their strengths. "
"I heard that Source Music will move to Big Hit Entertainment's new building in Yongsan. Currently they are discussing which floor will be used by the Source Music agency, "he said.
But reportedly not only Source Music, Big Hit Entertainment's agency is also rumored to be joining other idol agencies.
As revealed by the second guest speaker, "It's true that Big Hit and an unidentified agency are discussing M & A. Even though we cannot provide details of the M & A, both parties responded very positively, to the stage where we have been able to estimate the results in the near future, "he concluded. (www.kpopchart.net)
On Monday (29/07), South Korean media reported that Big Hit Entertainment will carry out an M & A process (mergers and acquisitions) with Source Music agency, which houses the girl group GFRIEND.
A speaker from the Korean music industry said, "The Korean music industry has long known the relationship of Big Hit with Source Music. It seems like the two companies have now decided to make relationships that are more than just partners and join into one agency in order to unite their strengths. "
"I heard that Source Music will move to Big Hit Entertainment's new building in Yongsan. Currently they are discussing which floor will be used by the Source Music agency, "he said.
But reportedly not only Source Music, Big Hit Entertainment's agency is also rumored to be joining other idol agencies.
As revealed by the second guest speaker, "It's true that Big Hit and an unidentified agency are discussing M & A. Even though we cannot provide details of the M & A, both parties responded very positively, to the stage where we have been able to estimate the results in the near future, "he concluded. (www.kpopchart.net)
