HYBE AND UNIVERSAL MUSIC GROUP ANNOUNCE NEW GLOBAL ALLIANCE
SEOUL, South Korea, March 26, 2024 /PRNewswire/ -- HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years. The agreement gives HYBE's roster of groundbreaking artists and successful labels access to UMG's leading global network.
- SEOUL, South Korea, March 26, 2024 /PRNewswire/ -- HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years.
- Under the partnership, UMG will further collaborate with HYBE's global superfan platform Weverse, bringing more of a direct connection between UMG artists and their fandom.
- UMG is an iconic music company and together with HYBE, the potential is endless.
- Sir Lucian Grainge, Chairman and CEO of Universal Music Group, said, "Chairman Bang, Scooter Braun and Jiwon Park have brought an innovative and progressive vision to the industry that underscores music's global power.