Large Hit Leisure, BTS’s Label, Acquires Supply Music

BTS’s label Large Hit Leisure simply introduced that it has acquired Supply Music, a Korean leisure firm that homes the Ok-pop lady group GFriend. 

“A contract for the acquisition of Supply Music’s shares has lately been finalized and the corporate will be a part of Large Hit as a subsidiary,” Large Hit mentioned in an announcement. “Supply Music’s administration group will stay on the helm to be able to keep the label’s independence and distinctive colours.”

After increasing its artist roster with the debut of TOMORROW X TOGETHER in March, Large Hit is making strikes to develop its enterprise right into a multi-label construction. A press launch factors out that the brand new acquisition is an growth of its vary of artists “with an already-established fandom” and a bunch of trainees “with excessive progress potential within the lady group class.” 

“A shared philosophy behind artist promotion and administration was the principle driver that introduced Large Hit and Supply Music collectively,” mentioned Large Hit CEO Bang Si-Hyuk. “Since we all know one another so nicely, we count on the acquisition to be successful. I’m happy that each corporations can now start portray an excellent greater image.” 

Earlier this month, it was reported that Large Hit Leisure will transfer to a 19-floor constructing in Seoul’s Yongsan District subsequent 12 months. The corporate additionally began recruiting teenagers for a hip-hop competitors known as Hit It 7

The press launch states the acquisition is predicted to assist with the expansion of Supply Music artists by “leveraging Large Hit’s world community and platform know-how.” 

“I’m thrilled that Supply Music has joined Large Hit,” Supply Music CEO So Sung Jin mentioned in a press launch. “I consider this to be a primary alternative for reaching the subsequent degree of excellence for the artists, trainees and members of the label. Large Hit’s observe document of making world artists rapidly and expertly units a stable basis for Supply Music. … We are going to attempt to supply much more superb content material to our followers by this natural relationship with Large Hit.”

Large Hit and Supply Music have a protracted historical past of partnerships as each businesses beforehand co-managed the now-disbanded teams Glam and 8Eight. Lee Hyun, a former 8Eight member, is presently signed to Large Hit as a soloist. 

Korean outlet Newsen additionally reported that Large Hit was in talks to accumulate a 3rd company, which is presently unnamed.

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