K-pop
Big Hit acquires Pledis in push for expansion
May 25, 2020
Big Hit Entertainment has become the biggest shareholder of its smaller rival Pledis Entertainment, the company said Monday. The acquisition is the latest in a series of moves to expand Big Hit’s presence in the burgeoning K-pop industry. Last year alone, the firm acquired Source Music, the music label for girl band GFriend, and game music company Superb. With the addition of Pledis, the firm now boasts an extensive roster of artists under its roof in a multi-label system, bringing som