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.
Total revenue also slipped 2% for the South Korean K-pop powerhouse.
Following the ruling, the embattled executive vowed to go “all the way” in her legal pursuit to regain her former position.
A portion of the document, which includes harsh commentary on the K-pop industry and some young artists, was made public during a court hearing last week.
The Former ADOR CEO is calling for an independent third-party to examine the claims.
The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
Led by Chinese music streamer Cloud Music and K-pop giant HYBE, the Billboard Global Music Index rose 0.2% to 1,832.97.
