Record giant HYBE audits ‘NewJeans’ label as infighting returns to K-pop
In the world of K-pop, drama seems to be never-ending as South Korea’s largest music company, HYBE, is currently auditing the management of one of its labels, NewJeans, amidst suspicions of a potential breakaway. This internal dispute has caused HYBE’s shares to fall nearly 8% on Monday, highlighting the seriousness of the situation.
HYBE is known for housing multiple labels behind globally renowned groups such as BTS and Seventeen, making this audit a significant development in the K-pop industry. The infighting within the company sheds light on the competitive and cutthroat nature of the music business, especially in South Korea, where K-pop reigns supreme.
Meanwhile, in India, the streaming war is heating up as JioCinema, run by Reliance Industries, has slashed its subscription prices to as low as 29 rupees a month. This move is expected to intensify the competition with streaming giants like Netflix and Amazon Prime, as Reliance aims to solidify its position in the rapidly growing Indian media and entertainment market.
On a lighter note, Taylor Swift fans are buzzing with excitement as they flock to The Black Dog, a pub in London, after it was mentioned in the singer’s latest album, “The Tortured Poets Department.” The pub’s events and social media manager, Lily Bottomley, shared that the buzz started online before the album’s release, further solidifying Taylor Swift’s influence on pop culture.
As the worlds of Silicon Valley and Hollywood collide, David Ellison, son of billionaire Larry Ellison, is making waves with his bid for Paramount Global. With a background in technology and a passion for movies, Ellison’s bid could potentially reshape the future of the storied studio.
In the midst of all this, Brazilian DJ Alok is taking a unique approach to his music by infusing indigenous songs from Brazil into his dance tracks. This fusion of traditional and modern elements showcases Alok’s creativity and cultural appreciation in the music industry.
Overall, the entertainment world is abuzz with excitement, drama, and innovation, making it an exciting time for fans and industry insiders alike.