K-pop stocks fared well in a week when most stocks on the Billboard Global Music Index, which lost 2.3%, were down amid a rough period for markets overall.
The company says operating profit will rise in 2025 with the return of superstars BTS and improved profitability from Weverse.
The project will be led by Tedder, HYBE chairman Bang Si-Hyuk and HYBE America CEO Scooter Braun.
The Café Tacvba member will debut as a solo artist under DOCEMIL Music.
HYBE’s social/commerce platform also saw a 13% increase in physical and digital merchandise transactions in 2024.
The 20-company Billboard Global Music Index dropped 1.4% to 2,126.33, its fourth decline in the last five weeks.
The platform is pointing the way forward for monetizing artists’ fan bases on social media, but there are questions about its fairness.
The country’s Financial Supervisory Service is looking into whether Bang broke securities laws by striking profit-sharing deals with three major shareholders.
The HYBE subsidiary maintains that its agreement with the K-pop group “remains in full effect.”
Shin's promotion is the latest organizational change in the company's push to expand to new territories and export the K-pop business model.
