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on May 29, 2023

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HYBE is raising $380m to fund more music acquisitions in the US (report)

View in browser Music Business Worldwide: News Alert HYBE is raising $380m to fund more music acquisitions in the US (report) HYBE , the music company behind K-pop superstars BTS and rising stars New Jeans , is looking to raise around 500 billion Korean won (approx USD $380m ) to fund acquisitions in the US. That's according to Bloomberg , which, citing people familiar with the matter, reports that the South Korean entertainment giant "is in talks with investors to secure equity financing". The report adds, citing those same people, that HYBE "is open to having both strategic and financial partners". HYBE chairman Bang Si-Hyuk has been vocal this year about his company's ambitions to expand its global presence via M&A and diversify its sphere of influence beyond K-Pop in the global music business. In March, he explained his compa

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