South Korean music label Hybe, which manages K-pop boy band BTS, has said it aims to sell its entire stake in entertainment company SM Entertainment, by accepting a tender offer from South Korean internet giant Kakao. According to a report from Reuters, Hybe will sell its 15.8% stake in SM Entertainment for 564 billion won …
SM Entertainment offers support for Kakao tender offer
K-Pop agency SM Entertainment has revealed its support for a tender offer submitted by South Korean internet giant Kakao, which would see the company hold a 35% stake in SM. Yesterday (Tuesday) Kakao announced a tender offer to buy up to 35% of the company for 150,000 South Korean won (£96/€108/$114) per share. Kakao already …
Ticketmaster cancels remaining sales for US leg of BTS member Suga’s solo tour
Ticketmaster has cancelled the general Verified Fan presale and general onsale for the US leg of BTS member Suga’s solo tour in April and May, due to the level of demand during the first presale. The Live Nation-owned ticketing platform announced yesterday (Thursday) that “due to extremely high demand during today’s Army Member Presale, there …
Tech Stack: Live-streamed theatre, Sydney Festival and more…
Our weekly tech round-up from the world of ticketing and associated industries… League of Live Stream Theater Theatre and tech entrepreneurs Jim Augustine and Oren Michels have introduced the League of Live Stream Theater (LOLST), a non-profit service that will bring Broadway and US regional theatre productions to homes worldwide. The organisation will make its …
Tech Stack: BTS, Formula E and more…
Our weekly tech round-up from the world of ticketing and associated industries… BTS on screen In February, K-Pop fans will be able to watch BTS’ latest concert, ‘BTS in Busan’ in cinemas worldwide. The cinematic cut has been re-edited and remixed for the big screen, and will feature new close-up angles and a whole new …
AEG Presents and K-Pop promoter Powerhouse announce strategic partnership
AEG Presents and K-Pop touring and marketing company Powerhouse have announced a strategic partnership to collaborate on all aspects of live K-Pop business including touring, production, marketing and media. The concert promotion and artist development company started its relationship with Powerhouse in 2010, and worked to produce the SM Town Concert at Staples Center, as …
BTS concert attracts 50 million viewers globally
A free concert from K-pop group BTS in Busan, South Korea, was viewed by more than 49 million people at the weekend. The ‘BTS Yet to Come in Busan’ concert was held in support of the city’s bid to host the 2030 World Expo, as well as promoting Korean culture to a global audience. The …
Tech Stack: Concert streaming, NFTs and more…
Our weekly tech round-up from the world of ticketing and associated industries… Disney+ concerts Disney+ is now including streamed concerts among its content, with performances from the likes of K-pop favourites BTS and musical legends such as Sir Elton John. BTS’ ‘Permission to Dance on Stage’ Los Angeles concert at SoFi Stadium is now available …
J-Hope becomes first South Korean artist to headline Lollapalooza
Artist J-Hope, who is also a member of the K-pop band BTS, has become the first South Korean performer to headline at Lollapalooza. The festival, which took place in Chicago’s Grant Park, was closed out last night (Sunday) by J-Hope on the Bud Light Seltzer stage. Adjacent stages also hosted performances from band Green Day …
BTS to hold concert as part of Busan World Expo 2030 bid
K-pop favourites BTS have become ambassadors for Busan’s World Expo 2030 bid, and will hold a Global Busan Concert to support the city’s effort. Busan Metropolitan City in South Korea is vying to become the host of the 2030 World Expo. Chairman of South Korean entertainment company HYBE, Bang Si-Hyuk and chief executive Park Jiwon, …