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South Korean music giant Hybe has acquired Atlanta-based QC Media Holdings, the parent company of influential hip-hop label Quality Control Music, home to Migos, Lil Yachty and Lil Baby.
According to a filing with Korean regulators, the deal is worth approximately 300 million, with Hybe paying a 250 million purchase price for QC, and issuing 50 million in new stock to QC’s founders Kevin “Coach K” Lee and Pierre “P” Thomas.
Established in 2005, and known as Big Hit Entertainment until 2021, Hybe is a multinational music talent agency, label, promoter, event management and production company. The company is home to K-pop phenomena BTS, Tomorrow X Together and Lee Hyun.
The deal comes as Hybe increasingly looks beyond K-pop and the Asian market for growth and is the first big acquisition under Hybe America CEO Scooter Braun and gives the company control over one of the fastest-growing and most culturally relevant independent labels in the U.
According to a filing with Korean regulators, the deal is worth approximately 300 million, with Hybe paying a 250 million purchase price for QC, and issuing 50 million in new stock to QC’s founders Kevin “Coach K” Lee and Pierre “P” Thomas.
Established in 2005, and known as Big Hit Entertainment until 2021, Hybe is a multinational music talent agency, label, promoter, event management and production company. The company is home to K-pop phenomena BTS, Tomorrow X Together and Lee Hyun.
The deal comes as Hybe increasingly looks beyond K-pop and the Asian market for growth and is the first big acquisition under Hybe America CEO Scooter Braun and gives the company control over one of the fastest-growing and most culturally relevant independent labels in the U.
- 2/9/2023
- by Abid Rahman
- The Hollywood Reporter - Movie News
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Academy’s Science and Technology Council Adds New Members
The Academy of Motion Pictures Arts and Sciences have appointed David Pierce, Andy Serkis and Jeffrey White to it’s Science and Technology Council 2021-2022 membership, bringing its roster to 25 individuals.
Pierce’s previous roles include working as an assistant chief and chief operations officer at the National Audio-Visual Conservation Center at the Library of Congress — where he was responsible for the acquisition, conservation, documentation and digitization of the public archives of motion pictures, TV and radio sound. Pierce has been an Academy Member-at-Large since 2019.
Serkis is an award-winning actor with performances including “The Lord of the Rings” trilogy, “King Kong,” “The Planet of the Apes” trilogy, “Star Wars: The Force Awakens” and will next appear in “The Batman.” He has been a member of the Academy’s Actors Branch since 2012.
White, who is currently an executive producer consulting with Drafthouse Films,...
The Academy of Motion Pictures Arts and Sciences have appointed David Pierce, Andy Serkis and Jeffrey White to it’s Science and Technology Council 2021-2022 membership, bringing its roster to 25 individuals.
Pierce’s previous roles include working as an assistant chief and chief operations officer at the National Audio-Visual Conservation Center at the Library of Congress — where he was responsible for the acquisition, conservation, documentation and digitization of the public archives of motion pictures, TV and radio sound. Pierce has been an Academy Member-at-Large since 2019.
Serkis is an award-winning actor with performances including “The Lord of the Rings” trilogy, “King Kong,” “The Planet of the Apes” trilogy, “Star Wars: The Force Awakens” and will next appear in “The Batman.” He has been a member of the Academy’s Actors Branch since 2012.
White, who is currently an executive producer consulting with Drafthouse Films,...
- 12/7/2021
- by Jennifer Yuma
- Variety Film + TV
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ABC Signature has enlisted Cj Enm’s Jiwon Park as its VP Drama Development.
At Cj Enm America/Studio Dragon International, Park served as VP Series Development and managed the TV and film slate for its U.S. office, which included Parasite, Snowpiercer and the hit Korean drama Crash Landing on You. She served as a producer of Snowpiercer for TNT/Netflix and oversaw development of projects from Cj’s partnership with Skydance.
She previously managed The Age of Shadows and I Saw the Devil director Jee-woon Kim for English-language projects.
Her international background will serve to identify and develop global and diverse content for ABC Signature across streamers, cable and network.
At Cj Enm America/Studio Dragon International, Park served as VP Series Development and managed the TV and film slate for its U.S. office, which included Parasite, Snowpiercer and the hit Korean drama Crash Landing on You. She served as a producer of Snowpiercer for TNT/Netflix and oversaw development of projects from Cj’s partnership with Skydance.
She previously managed The Age of Shadows and I Saw the Devil director Jee-woon Kim for English-language projects.
Her international background will serve to identify and develop global and diverse content for ABC Signature across streamers, cable and network.
- 6/2/2021
- by Alexandra Del Rosario
- Deadline Film + TV
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