The Fair Trade Commission (hereafter KFTC) has officially approved Big Hit Entertainment and Pledis Entertainment’s M&A (merger and acquisition). The KFTC is an administrative organization that regulates economic competition and imposes restrictions to prevent companies from monopolizing markets. On October 18, the KFTC announced that they had approved Big Hit Entertainment’s acquisition of 85 percent of Pledis… Continue reading Fair Trade Commission Officially Approves Big Hit Entertainment’s Acquisition Of Pledis Entertainment
Tag: Pledis Entertainment
Reports State Pledis CEO Han Sung Soo Took Royalties For IZ*ONE’s Songs Under Wife’s Name
Han Sung Soo, the CEO of Pledis Entertainment, is reported to have unfairly profited from royalties of IZ*ONE’s music. On May 26, Dispatch released an exclusive report that the CEO had claimed to have been involved in writing lyrics for eight of IZ*ONE’s songs under the name “So Jay.” According to the report, “We Together,” a song… Continue reading Reports State Pledis CEO Han Sung Soo Took Royalties For IZ*ONE’s Songs Under Wife’s Name
Big Hit Entertainment Becomes Largest Shareholder Of Pledis Entertainment
Big Hit Entertainment has acquired Pledis Entertainment. On May 25, Big Hit officially announced that the company is now the largest shareholder of Pledis Entertainment. Pledis Entertainment will be a label of Big Hit Entertainment but will still be operated independently. Pledis producer Han Sung Soo will add to the powerful lineup of Big Hit’s creative… Continue reading Big Hit Entertainment Becomes Largest Shareholder Of Pledis Entertainment
Reports Of Big Hit Acquiring Pledis Entertainment Resurface + Both Agencies Respond
Reports of Big Hit Entertainment acquiring Pledis Entertainment have surfaced once more. On May 18, media outlet The Fact released a report quoting a source from the music industry who is allegedly familiar with the internal affairs of Big Hit Entertainment and Pledis Entertainment. The source stated, “The two companies have completed final negotiations for… Continue reading Reports Of Big Hit Acquiring Pledis Entertainment Resurface + Both Agencies Respond
Pledis Entertainment Warns Of Legal Action Against Violation Of NU’EST’s Privacy
Pledis Entertainment will be taking action to protect NU’EST’s rights to privacy. On May 13, the agency posted the following statement: Hello, this is Pledis Entertainment. Thank you for your love and interest in our artist NU’EST. However, there have recently been a number of cases of people who have crossed the line in their expression of interest in NU’EST. Despite our… Continue reading Pledis Entertainment Warns Of Legal Action Against Violation Of NU’EST’s Privacy
Kyulkyung Shares Statement About Contract Disputes With Pledis Entertainment And Chinese Agency
Following Pledis Entertainment’s announcement of their lawsuit against Kyulkyung for breach of contract, Kyulkyung has released her own statement on her Weibo account. Kyulkyung wrote the following post on March 25: Due to many serious problems during the cooperation process and careful consideration about my career development, I, Kyulkyung, formally sent a proposal of termination of… Continue reading Kyulkyung Shares Statement About Contract Disputes With Pledis Entertainment And Chinese Agency
Pledis Entertainment Files Lawsuit Against Kyulkyung For Alleged Breach Of Contract
On March 25, Pledis Entertainment revealed an official statement through their legal representative to announce that they had filed a lawsuit against former PRISTIN member Kyulkyung for a breach of contract. Read a full translation of the statement below: Hello, this is lawyer Kim Moon Hee of law firm Jipyong, representing Kyulkyung’s agency Pledis Entertainment (hereafter… Continue reading Pledis Entertainment Files Lawsuit Against Kyulkyung For Alleged Breach Of Contract
Pledis Entertainment CEO Han Sung Soo Steps Down As IZ*ONE’s Producer
On March 9, Pledis Entertainment CEO Han Sung Soo announced on Instagram that he was stepping down from his position as IZ*ONE’s producer. His statement reads: Hello, this is Pledis Entertainment CEO and IZ*ONE producer Han Sung Soo. After working as a general producer for the group IZ*ONE since their debut for a total of three albums, I… Continue reading Pledis Entertainment CEO Han Sung Soo Steps Down As IZ*ONE’s Producer
Big Hit And Pledis Announce Launch Of SEVENTEEN’s Weverse Fan Community
SEVENTEEN is the newest artist to join Weverse! Weverse is a global fan community platform launched by beNX, an entertainment platform company that is a subsidiary of Big Hit Entertainment. BTS, TXT, and GFRIEND previously launched communities on the application. Big Hit Entertainment held a corporate briefing on February 5. At the event, co-CEO Lenzo Yoon… Continue reading Big Hit And Pledis Announce Launch Of SEVENTEEN’s Weverse Fan Community
Big Hit Responds To Reports Of Its Acquiring Pledis Entertainment
Big Hit Entertainment has officially responded to reports that it is acquiring Pledis Entertainment. On January 13, Korean news outlet Sports DongA reported that—in a deal similar to its acquisition of Source Music last year—Big Hit Entertainment was in the process of acquiring Pledis Entertainment. Later that morning, Big Hit Entertainment responded by simply stating,… Continue reading Big Hit Responds To Reports Of Its Acquiring Pledis Entertainment