NewJeans Announces Termination of Contract with Hybe, Leading to Shares Fall
11/30/24, 1:05 AM
Location
seoulIndustry
media and entertainment
music
Type
contract
Members of K-pop group NewJeans held a press conference to announce the termination of their contract with Hybe, causing shares in the entertainment giant to plummet. The announcement follows months of tension between the group and the company, impacting Hybe's market value.
Company Info
Location
seoul, seoul, south korea
Additional Info
HYBE, formerly known as Big Hit Entertainment, is a global entertainment powerhouse that has evolved into a comprehensive multi-label system with affilates including BIGHIT MUSIC, BELIFT LAB, SOURCE MUSIC, PLEDIS Entertainment, KOZ ENTERTAINMENT, ADOR, HYBE LABELS JAPAN, NAECO, and HYBE AMERICA. The company focuses on K-Pop and has recently expanded into the Latin music market.