BREAKING: Big Hit Entertainment Confirmation Has Acquired Source Music Agency - Big Hit Entertainment's agency finally confirmed the news that they had acquired the Source Music agency.
On the morning of Monday (29/07), South Korean media reported that currently the Big Hit Entertainment agency is conducting an M & A process (merging and acquisition) with the Source Music agency that oversees GFRIEND.
Shortly after the news surfaced, Big Hit Entertainment now published an official statement, "We recently signed a contract to acquire Source Music which will become a subsidiary of Big Hit Entertainment. Source Music will retain existing management and maintain the color of music and produce their own music. "
So Sung Jin as CEO of Source Music said, "I'm happy because Source Music can join the Big Hit label. I think this is a great opportunity, both for artists, trainees and our staff. In particular, we hope that Big Hit's ability to create global artists can create a strong foundation for Source Music. We will pay fans with various content through our collaboration with Big Hit. "
While CEO Bang Si Hyuk of Big Hit Entertainment said, "Big Hit and Source Music have the same philosophy of growing and managing artists, so we decided to unite strength. Because we already know each other, we hope that this acquisition can run successfully. I'm happy because we can draw a broader future for both agencies. "
In addition to Source Music, previously Big Hit Entertainment was also rumored to be acquiring another idol agency. (www.kpopchart.net)
On the morning of Monday (29/07), South Korean media reported that currently the Big Hit Entertainment agency is conducting an M & A process (merging and acquisition) with the Source Music agency that oversees GFRIEND.
Shortly after the news surfaced, Big Hit Entertainment now published an official statement, "We recently signed a contract to acquire Source Music which will become a subsidiary of Big Hit Entertainment. Source Music will retain existing management and maintain the color of music and produce their own music. "
So Sung Jin as CEO of Source Music said, "I'm happy because Source Music can join the Big Hit label. I think this is a great opportunity, both for artists, trainees and our staff. In particular, we hope that Big Hit's ability to create global artists can create a strong foundation for Source Music. We will pay fans with various content through our collaboration with Big Hit. "
While CEO Bang Si Hyuk of Big Hit Entertainment said, "Big Hit and Source Music have the same philosophy of growing and managing artists, so we decided to unite strength. Because we already know each other, we hope that this acquisition can run successfully. I'm happy because we can draw a broader future for both agencies. "
In addition to Source Music, previously Big Hit Entertainment was also rumored to be acquiring another idol agency. (www.kpopchart.net)
