Astronomical Hit Entertainment, the administration agency of Okay-pop extensive band BTS, has taken over a medium-sized talent agency that is residence to celebrated lady band GFriend, Astronomical Hit acknowledged Monday.
“Having no longer too lengthy within the past performed its contract to capture over shares of Supply Music, Astronomical Hit will integrate (the company) as its subsidiary,” Astronomical Hit acknowledged in an announcement.
“Supply Music plans to relieve its present administration to characteristic with its hold color and independence as a tune set apart,” it acknowledged.
|(Astronomical Hit Entertainment)|
The takeover is the most contemporary stride by Astronomical Hit to diversify and make bigger its industry portfolio.
Earlier this month, the company launched that this can relocate to a brand contemporary, extensive 19-legend constructing in Seoul’s Yongsan district next Might perchance.
“(With the takeover) Astronomical Hit expanded its spectrum of artists by securing artists within the girl community class who already personal (established) fandom as effectively as trainees with excessive capability,” Astronomical Hit celebrated.
The BTS agency quoted So Sung-jin, the head of Supply Music, as announcing that “I am entirely satisfied to affix the Astronomical Hit set apart … The grand expertise of Astronomical Hit’s creating international artists in a short span of time would possibly perchance perchance furthermore change into a solid background for Supply Music.”
Bang Si-hyuk, the executive of Astronomical Hit, gave the 2 agencies’ shared philosophy because the cause on the relieve of the resolution to capture over Supply Music.
Established by So, Supply Music beforehand launched a girl band in collaboration with Astronomical Hit and is currently residence to six-member band GFriend. (Yonhap)