In regard to BIGHIT, the only three artists under the company are BTS, TXT, and soloist Lee Hyun. The format of HYBE following the Ithaca merger | All of the artists under the different labels work within HYBE but are operated by their own subsidiaries. HYBE is a corporation and acts as an umbrella company for many different subsidiary labels, including BIGHIT, BE:LIFT, ADOR, Pledis, and Source Music. Yet, as BIGHIT started trending, many netizens shared confusion about how the company is a separate entity and how it impacts the current situation with SM Entertainment. the zay chapter⁷ | SEEING TXT February 9, 2023īighit is private so me and bts are good the rest of y’all have fun though /UsU0qkgI99 Laughing at all of this knowing bts and txt are safe no matter what bc bighit ent is private btxt archive ✧ stream temptation! 🐿🎂 February 20, 2023

Really the smartest thing he has ever done is making bighit music private before he stepped down we love yew bang sihyuk! Im just enjoying and having fun with the sm/hybe drama, because bts and txt are safe thanks to pd making bighit private /XqHyOSMqfn While netizens emphasized “private,” it’s more that the company is running as a separate entity with the ability to make its own decisions. In particular, they praised Bang Si Hyuk for making BIGHIT MUSIC independently run back in 2021 before the Ithaca merger. On social media, netizens couldn’t hide their relief that amongst the drama, HYBE K-Pop groups like BTS and TXT were seemingly safe from everything that was going on. Yet, amidst the new video coming out, some netizens were shocked to see the phrase “BIGHIT” trending. In the video, Cheol Hyuk Jang shared his views on the “Hostile Takeover” from HYBE after the company acquired 40% of the shares of SM Entertainment after buying them from Lee Soo Man. On February 20 (KST), SM Entertainment’s CFO, Cheol Hyuk Jang, released a video revealing his take on the situation. SM Entertainment’s founder Lee Soo Man | SM Entertainment One of the biggest stories in K-Pop right now is the situation occurring between SM Entertainment and HYBE. On February 10, HYBE announced it had purchased Lee Soo Man’s shares, making it the largest shareholder in the company. | Home of WB Movies, TV, Games, and more! (function(w,d,s,l,i).

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