You may have noticed from our coverage this week that we’ve been digging into HYBE’s regulatory filings.
By doing so, we’ve been able to paint a realistic picture of the South Korean entertainment giant’s shareholding structure in 2024.
As we reported on Tuesday (September 10), HYBE’s second-largest shareholder is Netmarblea video game developer founded in 2000 Mr. Junhyuk – Relative of HYBE’s largest shareholder, founder/chairman, Fang Shihe.
But HYBE’s shareholding structure isn’t the only interesting detail we uncovered when reviewing the company’s half-year report.
Here’s another one: HYBE’s recent spending Dollar $25 million get one 51% Own shares in an unknown company.
According to the filing, in a section devoted to “events occurring after the writing of this article,” “the combined company entered into an agreement to acquire shares of the other company.” $25 million August 1, 2024.
That section of the regulatory filing adds, “Through this transaction, the combined company’s [HYBE’s] The shareholding ratio is 51%plans to register as a subsidiary in the third quarter.
HYBE’s acquisition of a majority stake in the secretive company follows a trend of M&A deals as the K-pop giant expands globally and enters various verticals beyond music.
In November 2023, HYBE entered the booming Latin music market by acquiring the Latin music company Exile Music.
Last February, HYBE America, led by Scooter Braun, obtained Atlanta rap giant QC Media Holdings aka quality controlHome to artists like Lil Baby, Migos, Lil Yachty and City Girls, this deal is worth it US$300 millionaccording to Filing with the Korean supervisory authority.
However, HYBE’s most notable M&A measure in recent years has been the acquisition of more than $1 billion Braunof Ithaca Holdings 2021.
The company has also invested heavily in labels within HYBE’s multi-label systems, such as Pledis, of which HYBE took a majority stake in 2020.
Elsewhere, just last month, when HYBE announced its Mobile 2.0 At the time of the reorganization, it revealed that it had been “exploring new business opportunities.”
It added that it planned to make “prudent investments” in the following areas: Gaming, audio/speech technology, generative artificial intelligence, original story business (OSB), and integrated online and offline experiences.
Of course, the company has invested in these areas over the past few years.
For example, in gaming, as we reported last month, the company’s video game division, HYBE interactive media, bulge US$80 million Expand its development and publishing efforts. In 2022, HYBE acquired a stake in game developer Flint, the developer of the hit game Dragon Blaze.
According to reports, last summer Entrepreneurial BeatHYBE and its gaming unit HYBE IM investment $21.8 million Korean developer Aqua Tree and another $1.45 million Action Square entered South Korea earlier this year.
At the same time, in the field of artificial intelligence, HYBE reached a $32 million voice artificial intelligence platform deal Super pitch 2023.
We know very little about the companies mentioned in the August 1 regulatory update above, but we’ll be keeping an eye on HYBE’s filings in the coming weeks.
global music business
