HYBE continues to gain weightHYBE, the music label of South Korean boy group BTS, announced on Feb. 10 that the K-pop powerhouse would purchase its local rival SM Entertainment.The Seoul-based agency plans to spend $334 million to snap up a 14.8 percent stake from SM Entertainment founder Lee Soo-ma
Entertainment giants will join hands to debut K-pop groupSouth Korean label SM Entertainment announced on May 7 that it will join hands with MGM Worldwide Television to debut a new boy band in the United States.The two entertainment giants will organize a TV audition series where American boys will