Save this article to read it later.
Find this story in your accountsSaved for Latersection.
HYBE Corporation, home to BTS, has acquiredScooter BraunsIthaca Holdings.
Formerly Big Hit Entertainment, HYBE will acquire a 100 percent stake through its subsidiary HYBE America.
Braun will join HYBEs board andScott Borchettawill remain CEO of Big Machine Label Group.
Artists of both companies participate in the capital increase of HYBE, according to a release obtained byVariety.
Plus, it will help us to continue to further the careers of the artists we already work with.
An earlier version mistakenly left out a member of BTS.
We regret the error.
