Music Updates

Watch Justin Bieber, BTS & More Celebrate Joining Forces in HYBE & Ithaca Holdings Deal

“It feels like the world is getting more connected and even smaller,” RM noted. SEVENTEEN’s Seungkwan echoed that later on in the nine-and-a-half-minute clip, when he said, “I believe joining forces of these two companies shows that we can become one with music beyond language, country and culture.”

J Balvin sent his love back to BTS, saying, “This is going to be on another level. Such amazing vibes.”

As part of HYBE’s $1.05 billion deal to buy Ithaca Holdings, Braun is paying more than $40 million in equity to artists and staff members out of his stake. A total of 39 people will receive shares about $161 million , based on the current exchange rate, while Braun gets 462,380 shares ($86.2 million). Of his artists, the company filing states Grande and Bieber will each receive 53,557 shares, or almost $11 million apiece; Balvin will get 21,423 shares ($4.1 million); and Lovato will receive 5,355 shares ($1.06 million). 

“The prospects of working together with these amazing teams and stepping further into the global music scene is very exciting,” Bieber said in the video. “I’m thrilled at the potential this alliance holds. Kudos to the teams. … Let’s make history together.”

Artists absent from the video include TOMORROW X TOGETHER from the HYBE side; Ariana Grande, QuavoTori KellyDan + Shay and Carly Rae Jepsen from Braun’s roster; and any of the artists under Big Machine Label Group, which was acquired by Braun’s Ithaca Holdings along with Taylor Swift‘s master recordings, including Florida Georgia LineCarly PearceLady ARascal FlattsSugarlandSheryl CrowThomas Rhett and Tim McGraw.

Watch HYBE and Ithaca Holdings’ latest welcome announcement below.

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