With major backing, Jackson acquired the distributor Vydia and signed stars like Usher and Snoop Dogg to the "best capitalized music company” going head to head with the world’s big three.
The companies are wrestling for control of SM with competing board slates at the March 31 annual meeting in Seoul.
The announcement came a day after a court injunction forced Kakao to cancel its plan to acquire a 9.05% stake directly from SM.
HYBE also sends a letter to SM demanding the current board terminate a pact with Kakao and withdraw its Kakao-nominated director candidate.
The actor will release his first single in the coming weeks.
Tech giant Kakao had agreed to buy shares as part of a partnership agreement, which SM founder Lee Soo Man opposes; he turned to rival HYBE instead.
"[P!nk] is one of the smartest, hardest-working, businesswomen out there and that shows in everything she does," says RCA's Val Pensa.
UMG also reported publishing revenues rose nearly 35% on the year.
Warner Music Central Europe co-president Doreen Schimk has a backstory worthy of a movie – and it was made into one.
Kader previously held positions at Clubhouse and Instagram.
