Netizens are shocked that BTS’ agency ‘HYBE” begins a joint business with YG and JYP.
On August 19, “YG Entertainment” announced that it began a massive joint business with HYBE and JYP Entertainment.
According to the announcement of “YG Entertainment”, the three entertainment companies co-invested in its subsidiary “Forest Factory”.
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“Forest Factory” is reportedly a printing company which is specialized in manufacturing albums and MDs for K-pop agencies.
With the investment, “Forest Factory” will introduce large-scale production facilities to meet growing demand from the global K-pop market.
Industry experts comment that HYBE decided to begin a joint business with the two entertainment companies to conquer the global music industry.
Netizens have taken to SNS to express how surprised they are at the unexpected joint business between BTS’ agency HYBE and the two companies