The peer-voted award allows the music business to participate in Billboard's International Power Players ranking of the industry's most influential executives.
The Billboard Global Music Index dropped 0.9% to 1,700.37, marking its first decline in six weeks.
This week's most important music industry stories in Canada.
The singer has been hotly pursued since “act ii: date @ 8” went viral late last year.
Also this week: Live Nation and Oak View Group partner on a historic Nigeria arena, Warner Music Group expands its partnership with an India-based label and more.
Also this week: UMG Nashville creates a new vp role, Go West Creative appoints a CEO and UTA hires an Atlanta pro.
The two organizations will work together to address the stigma of addiction and mental health treatment for Black music workers.
Its backers include Spotify, Live Nation, YouTube, Red Light Management, Bertelsmann Digital Music, Galaxy Digital and others.
HYBE owns 12.6% of outstanding SM Entertainment shares, up from 8.8% prior to the latest transaction.
Other artist deals this week: A. Blomqvist, The Wilder Blue, Bonny Light Horseman and more.
