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Historia

Big Hit Entertainmentis a South Korean record label, founded on February 1, 2005, after the founding of Big Hit were the team members that the great composer of JYP, Bang Si Hyuk and the then co-CEO of JYP Jungwook, Jungwook retired from this project to be the new CEO of JYP, but still has strong ties between JYP and BigHit

Several artists behind Big Hit such as 8Eighty Lim Jeong Heewith the help of JYPthey debuted the same year that Big Hit was created. It is said that a major investment by Bighit in its early days was JYPwhich, in 2010, signed a joint management agreement on the group’s 2AMto generate profits from tours and concerts from 2007 to 2014

That year, Bang Si Hyuklaunched nationwide auditions and recruited RMas the first member of BTSwho was later followed by the other members of the group, making their debut as a group in 2013

In 2012, the company signed Lim Jeong Heeand the group of girls GLAMwhich was formed as a collaboration between Source Music and Big Hit Labels. The group was active until 2014, when they disbanded due to a controversy over Kim Da Hee

Following the termination of the joint contract between Big Hit and JYP Entertainment in April 2014, three of the members of 2AM returned to JYP, while Lee Chang-min stayed with the company to pursue his solo career and part of the duo MENin addition, that same year, 8Eight was dissolved after Baek Chan and Joo Hee terminated their contracts with the agency

In May 2015, Signal Entertainment Group (Company specializing in artist management and television production), acquired Big Hit through a 6 billion won bond, in the same month, Lim Jeong Hee separated from Big Hit Entertainment

In early 2017, Big Hit terminated its staking relationship with Signal Entertainment Group

In February 2018, HOMME disbanded after Changmin’s contract came to an end, leaving the agency to start his own, while Lee Hyun continued as a solo artist

Lenzo Yoon, was appointed co-CEO of Big Hit Entertainment with Bang Si-hyuk in March 2019. Yoon will focus on the business components of the company and Bang, on creative production

On March 4, 2019, the new agency group, TXTdebuted with the mini album “The Dream Chapter: Star”which quickly achieved great success in sales and views

2021-present: name change to Big Hit Music

On March 10, 2021, various media outlets began reporting news that Big Hit Entertainment reportedly changed its name to HYBE Corporation. Later the same day, the company itself announced its intentions to change its name to HYBE Corporation, the statement reads “…comforting and inspiring people around the world through our music and artist, Big Hit Entertainment continues to make new innovations to the music industry business model. Big Hit strives to become the world’s best music-based entertainment platform company.”

On March 19, 2021, Big Hit Entertainment Co., Ltd. announced that it had changed the company’s name to adapt to the new image and achieve new horizons added to its existing business areas. Big Hit Entertainment had grown over time to become a multi-label company, operating and providing services in different businesses and areas, therefore, Bang Si-HyukcEO and co-founder, saw that the name Big Hit Entertainment did not fully encompass the true meaning and purpose of the company. Big Hit Entertainment began working in areas that were not traditionally covered by entertainment companies, such as the 360 business, the intellectual property business and the education sector. Because of this, the name Big Hit Entertainment no longer fit the agency, and they needed a new name

During the presentation, it was announced that the identity of Big Hitwould not be lost and a new sub-label would be created. At the same event, they announced Big Hit Music as the official name of this new label making it part of HYBE Corporation and HYBE Labels. This new label is set to work independently from HYBE Corporation in the areas of music production, artist management and fan communication

The rebranding took effect on March 31, 2021