Also this week: Music Venue Trust acquires its second small venue in the United Kingdom, CAA partners with Veritone to create a synthetic IP vault and more.
The year saw K-pop companies making mega moves on a global scale, while the catalog market remained hot.
South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina Chung, who had been running the company’s ventu…
Kakao chief investment officer Bae Jae-hyun is accused of inflating SM’s share price to thwart HYBE’s bid for a stake in the K-pop company earlier this year.
Kakao chief investment officer Bae Jae-hyun is accused of inflating SM’s share price to thwart HYBE’s bid for a stake in the K-pop company earlier this year.
The Billboard Global Music Index fell 3.1% to 1,313.44, lowering its year-to-date gain to 12.5%.
The “integrated corporation” in the world’s top music market is an expansion of SM and Kakao’s existing partnership.
South Korean tech giant Kakao wants a piece of the action in the generative AI race, and today it made a bid for it, with big updates to its AI image generator Karlo and its KoGPT large language model and a new fund to back AI image generating startups. Kakao’s AI division Kakao Brain‘s launch…
After losing its bid for a controlling stake in the K-pop agency to rival bidder Kakao, HYBE has struck a platform collaboration with its former target.
HYBE still owns an 8.8% stake in the competing K-pop company after Kakao purchased an additional 1.66 million of its shares.
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