119

121

News
Posted by Sophie-Ha Thursday, January 28, 2021

Is Big Hit Entertainment rising to become the 'One Top' agency as the era of the 'Big Three' is coming to a close?

AKP STAFF

It seems that the era of the 'Big Three (YG, SM, JYP)' is becoming a thing of the past as Big Hit Entertainment is rising as the 'One Top' agency in the entertainment industry in South Korea.


On January 27th, Big Hit Entertainment held a board meeting making a decision as Naver intends to invest a stake in Big Hit Entertainment, home to BTS, through a "stock exchange" method. Big Hit Entertainment has also decided to invest 70 billion KRW ($63 million) in YG PLUS, a subsidiary of YG Entertainment.


Big Hit Entertainment is completely breaking down the three major agencies' systems that have been around for about 20 years by establishing an artist content platform called Weverse that various artists such as BTS, Seventeen, TXT, ENHYPEN, NU'EST, GFriend, and Zico can be found in. Now, as Big Hit Entertainment joins hands with Naver's VLive, the K-Pop entertainment industry is gathering under the system formed by the agency home to the global group BTS.

According to the announcement, Big Hit will work with Naver to create a new global fan community platform that integrates users, contents, and services of both companies. Big Hit, which has accumulated experience and know-how in the entertainment market for a long time, will lead the business as the largest shareholder. Naver will focus on technology capabilities to maximize the synergy between the two companies. As Big Hit takes over Naver's V LIVE, SM and JYP's future has also emerged as a matter of particular interest. A Big Hit official said, "Until the specific direction is confirmed, Weverse and V-Live will operate the same as they currently do." Still, many wonder if SM and JYP artists will be joining the new platform created by Big Hit Entertainment and Naver.

Big Hit Entertainment and YG PLUS have also agreed to lay the foundation for strategic cooperation and cooperation in various business areas that each company is developing, including production and distribution of merchandise and content. YG PLUS artists' global membership business will be carried out as Weverse and YG PLUS will collaborate with Big Hit's music and music distribution and MD business. Other artists, not from the Big Hit label, who entered Weverse include CL, P1Harmony, Weeekly, Sunmi, Henry, Dreamcatcher, Cherry Bullet, and Gracie Abrams. It is only a matter of time before BLACKPINK and other YG artists join Weverse that is becoming a popular and powerful global fan platform.

  1. BTS
  2. misc.
130 30,490 Share 50% Upvoted

112

Kirsty_Louise
Kirsty_Louise23,028 pts Thursday, January 28, 2021 27
Thursday, January 28, 2021

The big3 will always be the big3. Regardless of sales or profit, they have debuted a lot of successful and legendary groups. It’s not just about money, it’s reputation and impact on the KPop industry. BigHit is having a lot of success right now but only time will tell if they can maintain it and debut more successful groups in the future.

Share

27 more replies

71

aliyyy
aliyyy276 pts Thursday, January 28, 2021 10
Thursday, January 28, 2021

I think I’m the only who thinks that Big Hit will never be a part of the big 3 or have more success. With only two bigs bands for me it’s impossible and it’s not only the number but also the impact. The big 3 have their styles you know when an artist is a part of yg sm or jyp. It’s not just about making money for me it’s more. The Big 3 are wayy too big my opinion

Share

10 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

New Message

SEND