Share prices for HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have increased by an average of 75% year to date.
Herrera will serve as the company's director of business development
The new label is the latest vertical for the company, which already boasts management, production and publishing arms.
Hartwig Masuch decides to move up his retirement date, with Thomas Coesfeld assuming the top job in July instead of January.
The latest "Music Industry Action Report Card" expresses concern that "things [might] revert to how they were before."
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
Co-founders Matt Pincus and Ron Perry have been bought out of their stakes in the label, sources say.
The San Francisco-based company has become a power player that shapes how major competitors do business. Now, it wants to replicate its success on a global scale — without losing its identity.
The French company, facing criticism for operating in Russia, has grown with a digital focus and early bets on emerging markets like India and China.
Denis Ladegaillerie says Believe is "not looking at building or growing" in Russia despite revenue from Russia and Ukraine rising 9.9% in 2022.
