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Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe Corporation in March 2021. [44] The company underwent a complete organizational restructuring, which also saw the recording and management arm of Big Hit Entertainment spun off into an independent label named Big Hit Music under Hybe's new Labels division.
Republic Records is an American record label owned by Universal Music Group (UMG). Based in New York City, it was founded by Avery Lipman and Monte Lipman as an independent label in 1995, and was acquired by UMG in 2000.
With the change, the Big Hit record label was renamed Big Hit Music . [18] [19] [20] On April 1, 2021, Hybe announced through a board resolution that it would separate the label business (Big Hit Music) from Hybe and establish a new company with 100% of the stake held by Hybe. [21] On July 1, 2021, Big Hit Music became a subsidiary of Hybe. [22]
It’s remarkable enough that Republic Records has been Hitmakers label of the year four out of seven times — but they exceeded themselves in 2023 with 12 of the top 25 songs on our chart.
Hybe, the Korean entertainment group behind BTS, saw revenues and profits both grow by more than a fifth in 2023 as album sales doubled and post-COVID conditions allowed more concerts. The company ...
HYBE, the company formerly known as Big Hit Entertainment, which is home to BTS, the South Korean pop group, has merged with Ithaca Holdings, the company led by SB Projects (SBP) founder Scooter ...
Universal Music Group (UMG) owns, or has a joint share in, many of the record labels listed here.. According to the UMG official website, the main labels are Abbey Road Studios, Capitol Music Group, Decca Records, Def Jam Recordings, Deutsche Grammophon, EMI, Interscope-Geffen-A&M, Island Records, Mercury Records, Motown Records, Polydor Records, Republic Records, Verve Label Group, and Virgin ...
It seems incredibly corny to say that Republic Records’ ethos is contained in the label’s first-ever monster hit, Chumbawamba’s 1997 anthem “Tubthumping”: “I get knocked down, I get up ...