HYBE still owns an 8.8% stake in the competing K-pop company after Kakao purchased an additional 1.66 million of its shares.
The Big Machine Label Group CEO suffered injuries while racing in the Trans Am Series in Atlanta on Sunday.
HYBE will offload its 15% stake to its South Korean rival, marking an official end to the bidding war that erupted over SM.
"We’re now targeting our approach to radio to be more strategic," Goodman says.
After 40 years, the independent company's current roster includes Passenger, Syml, Banners, the Album Leaf and others.
Chairman Bang Si-hyuk says HYBE must have a “sense of urgency” in efforts to grow outside its home country.
For far too long, the music industry has perpetuated a system that benefits a select few at the expense of marginalized communities.
Here are six major takeaways from the SXSW 2023 panel "How Music, Entrepreneurship, & Independence Intersect," moderated by Billboard's Heran Mamo.
The marketing expert played a key role in the campaign for Morgan Wallen’s "One Thing At A Time."
The band, which also signed with BMG for publishing, has already enjoyed two No. 1s on Billboard's Mainstream Rock Airplay chart.
