HYBE has acquired Atlanta-based QC (Quality Control) - the home of Migos, Lil Baby, and Lil Yachty - for 314 billion KRW (300 million USD)
Based on hip-hop, QC has been making a strong presence in the American music scene. ith our shared vision, I have high hopes in what we can operate and achieve together.All of HYBE’s leaders are entrepreneurs with phenomenal combined history finding talent and taking it to the next levels.founderwhile attending Emory University in Atlanta. After joining So So Def's marketing department, he later discovered Justin Bieber; the rest is history.
This is HYBE's second acquisition of an overseas label. HYBE invested 1 trillion KRW in April 2021 through HYBE America to acquire Ithaca Holdings, home to. HYBE plans to develop a multi-label strategy through mergers and acquisitions to increase its presence in the music market and seek convergence of the music industry and technology.
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