satoori 45,814 Posted April 2, 2021 Share Posted April 2, 2021 What Korean netizens are saying about HYBE (formerly Big Hit) acquiring Ithaca Holdings, the company behind Justin Bieber & Ariana Grande It was recently reported that BTS's label HYBE has acquired Ithaca Holdings, the company behind big names like Justin Bieber and Ariana Grande. According to a press release on April 2, HYBE is officially merging with Ithaca Holdings, which is a media and entertainment investment company founded by Scooter Braun. The deal states that HYBE will buy all shares of Ithaca Holdings for 1.70 Trillion KRW (USD 1.5 billion) to shareholders and bondholders, acquiring Ithaca Holdings. This means Ithaca Holdings will become a subsidiary of HYBE America. cr. Original post Comments 1. Big Hit, well HYBE, is growing to an unimaginable size. This company is really amazing growing this big over the years 2. Big Hit went from a small label to being bigger than SM, YG, and JYP combined 3. Wow, this means that Bieber and Ariana Grande are going to be managed by HYBE America 4. This is so crazy 5. The company is really going global 6. How far will they expand? 7. BTS members' values are skyrocketing 8. So they weren't bought by an American company, but they bought the American company instead, that's incredible." Article: BTS becomes labelmates with Justin Bieber.. HYBE acquires huge American label Source: Yonhap News via Naver 1. [+191, -1] We really don't know where the end of all this is. Keep going until you get there! Fighting! 2. [+64, -7] So comparable to SM, who only cares about that China money. I support Big Hit for their success in the American market and JYP for their success in the Japanese market. 3. [+35, -6] Just have to watch out for the Chinese investment risks 4. [+17, -1] Proud of them!!!!! 5. [+20, -8] Big Hit feels like they're in too much of a rush 6. [+11, -0] BTS is past the point of a flash in the pan star. They have taken place as legends in history. I'm just worried about China somehow trying to take all the credit. 7. [+6, -0] How far will Bang Shi Hyuk go??? I just hope he doesn't forget that BTS was the foundation for all of this~~~ 8. [+4, -0] Daebak - Source: Naver 1. [+98, -1] Amazing of HYBE for growing globally beyond our imaginations I support BTS for being the blood, sweat, and tears behind this growth. 2. [+37, -0] So Bieber and Ariana Grande will be subsidiaries to Big Hit (in the US) and be managed under them, damn 3. [+38, -3] They're getting bigger and bigger. I'll always support you, BTS. 4. [+22, -0] Wow... how far are they going to go 5. [+13, -0] BTS is worth an amazing amount 6. [+6, -1] Look how different an agency is run when it's run by someone with a Seoul University degree 7. [+5, -0] Wow, daebak! BTS and Big Hit, the best! I hope this gives more room for BTS to spread their wings and enables them to hold all the concerts they want! 8. [+4, -0] Anyone think Big Hit is overextending themselves? cr. - [theqoo] [MARKET INSIDE] HYBE (PREVIOUSLY BIGHIT) TAKES OVER JUSTIN BIEBER AND ARIANA GRANDE'S COMPANY FOR 1 TRILLION Hybe takes over global label Atlas Music Publish for 1 trillion won. On the 2nd, Big Hit announced that it will carry out a paid-in capital increase of about 1.07 trillion won for shareholders. (source: http://marketinsight.hankyung.com/apps.free/free.news.view?aid=202104023098u&category=IB_FREE) original post: here 1. What the? Why are the comments so messy? 2. As long as they don't ask China, I'm fine. Why are people so mad? Our company is doing just fine without China's help 3. Wow how much money will they earn like thatㅋㅋㅋㅋㅋㅋㅋㅋㅋ They're like that rich uncle you have 4. Wow that scale. Bangtan is winning more than if they won in the lottoㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ 5. They're the wall 6. So different from other companies...As long as they don't use Chinese investors, I'm fine 7. I came here to congratulate them but why are there so many haters? ㅋㅋㅋㅋㅋㅋㅋㅋㅋ 8. The comments are so sad....... Why are people calling this media play? ㅋㅋㅋㅋㅋㅋㅋㅋㅋ 9. Are they really "Taking over"? 10. Look at them media playing thisㅋㅋㅋㅋㅋㅋㅋ f*ck 11. This is such a huge deal, I shouldn't sell my Bighit stocks today 12. How can they media play like thisㅋㅋㅋㅋㅋㅋㅋㅋㅋ 13. That's media play cr. Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 2, 2021 Author Share Posted April 2, 2021 related topic: https://onehallyu.com/topic/835169-hybe-america-formerly-big-hit-america-has-reportedly-acquired-scooter-brauns-ithaca-holdings-exclusive/ Link to comment Share on other sites More sharing options...
iKnife BurnCat 1,729 Posted April 2, 2021 Share Posted April 2, 2021 (edited) Year 2028: HYBE (formely Big Hit) acquaried the last standing entertainment company. They now rule the world. Edited April 2, 2021 by Sugar Daddy 1 1 Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 2, 2021 Author Share Posted April 2, 2021 Just now, Sugar Daddy said: Year 2028: HYBE (formely Big Hit) aquaried the last standing entertainment company. They now rule the world. Kakao M or CJ might beat them in Korea at least 1 Link to comment Share on other sites More sharing options...
rananicolee 10,264 Posted April 2, 2021 Share Posted April 2, 2021 This is going to get very interesting. I have a feeling they're going to try to buy YG because the way treasure joined weverse. also it's wishful thinking. don't take me serious pls. 1 1 Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 2, 2021 Author Share Posted April 2, 2021 The comments are so sad....... Why are people calling this media play? ㅋㅋㅋㅋㅋㅋㅋㅋㅋ because some people can't process what's happening, so they're mind is defaulting to media play...similar to how some ifans/iarmys thought it this was an april fools joke 3 Link to comment Share on other sites More sharing options...
himi 2,493 Posted April 2, 2021 Share Posted April 2, 2021 Now can we have bts and ariana collab right away Also these comments shading SM and companies for focusing on China Netizens really hate them. And their love for America is really showing lol Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 2, 2021 Author Share Posted April 2, 2021 6 minutes ago, himi said: Now can we have bts and ariana collab right away Also these comments shading SM and companies for focusing on China Netizens really hate them. And their love for America is really showing lol True. Tho the shade isn't random. LSM was the one to make the claim a month ago that China is the future for Kpop. Also he's pissed off some knetz with some of his comments about SM in general. Also Koreans have never been afraid to show their preference for America then China. I mean, they're not the only country to do so. Link to comment Share on other sites More sharing options...
YooJeong 6,303 Posted April 2, 2021 Share Posted April 2, 2021 2 hours ago, Sugar Daddy said: Year 2028: HYBE (formely Big Hit) acquaried the last standing entertainment company. They now rule the world. HYBE is gonna be the new Disney lmao Link to comment Share on other sites More sharing options...
renerene 198 Posted April 3, 2021 Share Posted April 3, 2021 Daaaang if Scooter hadn't sold Taylor Swift's masters, HYBE could have potentially owned them (bc Ithaca bought them). 1 Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 3, 2021 Author Share Posted April 3, 2021 (edited) 1 hour ago, renerene said: Daaaang if Scooter hadn't sold Taylor Swift's masters, HYBE could have potentially owned them (bc Ithaca bought them). from r/popheads: "From my understanding, Shamrock Investments owns Taylor's catalog and Scooter will continue to profit from it. I think her masters being owned by Big Machine according to the copyright credit is just by name now and they don't actually own it anymore. But I could be wrong so take my word with a grain of salt." Edited April 3, 2021 by satoori Link to comment Share on other sites More sharing options...
renerene 198 Posted April 3, 2021 Share Posted April 3, 2021 1 hour ago, satoori said: from r/popheads: "From my understanding, Shamrock Investments owns Taylor's catalog and Scooter will continue to profit from it. I think her masters being owned by Big Machine according to the copyright credit is just by name now and they don't actually own it anymore. But I could be wrong so take my word with a grain of salt." when I said Ithaca bought them I mean originally. Scooter purchased them through Ithaca Holdings and then sold them to Shamrock (affiliated with Disney) Link to comment Share on other sites More sharing options...
Elscian 5,139 Posted April 3, 2021 Share Posted April 3, 2021 Imagine what the arikook shippers will do next Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 3, 2021 Author Share Posted April 3, 2021 1 hour ago, renerene said: when I said Ithaca bought them I mean originally. Scooter purchased them through Ithaca Holdings and then sold them to Shamrock (affiliated with Disney) I don't know anything. I was more so posting that for your opinion, if it was true. So I guess it is true base on your answer o.o Link to comment Share on other sites More sharing options...
pinkpanda_spirit 14,647 Posted April 3, 2021 Share Posted April 3, 2021 That’s crazy omg Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 3, 2021 Author Share Posted April 3, 2021 fyi - Ithaca Holdings LLC's revenues were $131,727,000, operating profit was $16,157,000 and EBITDA (earnings before interest, taxes, depreciation, and amortization) was $22,278,000 in 2020. cr. For comparison, BigHit’s 2020 revenue was $717 million, 85% of which was from BTS (around $600m+). So revenue from BTS alone outsold the entire Ithaca more than four times over. cr. 1 Link to comment Share on other sites More sharing options...
penyair 28 Posted April 4, 2021 Share Posted April 4, 2021 so ariana and justin will have that hybe thing at the start of mv? Link to comment Share on other sites More sharing options...
satoori 45,814 Posted April 4, 2021 Author Share Posted April 4, 2021 2 hours ago, penyair said: so ariana and justin will have that hybe thing at the start of mv? there's a hybe into? i've only seen the new bighit intro. Link to comment Share on other sites More sharing options...
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