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SEOUL, May 23 (Reuters) - South Korean entertainment company HYBE, home to K-pop superstars BTS, said on Tuesday it has signed a music distribution deal with China's Tencent Music.
HYBE, Warner Music Group, Live Nation and more stocks were all up this week on the companies' Q2 2025 earnings results.
South Korea’s Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.
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Tencent invests in K-pop firm, as China restrictions may ease
Tencent of China is acquiring a 9.7% stake in listed South Korean music firm SM Entertainment Co. from K-pop agency Hybe for around $177 million, according to a securities disclosure. Why it ...
HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to ...
Hybe's shares fell 1.47% in Friday trading hours. With other industries under pressure from tariffs, a U-turn from China on its unofficial K-pop ban could inject fresh momentum into South Korea's ...
Hybe's shares fell 1.47% in Friday trading hours. With other industries under pressure from tariffs, a U-turn from China on its unofficial K-pop ban could inject fresh momentum into South Korea's ...
Hybe, the group behind K-pop superstars BTS, said Tuesday that it will sell its remaining stake in competitor SM Entertainment to Tencent's music unit. Hybe has a nearly 10% stake in SM Entertainment.
South Korean entertainment company HYBE, home to K-pop superstars BTS, has signed a music distribution deal with China's Tencent, the Seoul Economic Daily newspaper reported on Tuesday citing a ...
South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.
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