According to Big Hit on the 25th, they recently acquired PLEDIS and secured the position of the largest shareholder.

Both sides, which had been cautious about acquisition and merger rumors, officially confirmed the acquisition and merger.

As PLEDIS joins the Big Hit camp, Big Hit's multi-label system has secured an even stronger artist lineup.

In particular, Big Hit, which houses world-class artists like BTS and the 2019 best rookie group TXT, and PLEDIS, which has a global fandom with NU'EST and SEVENTEEN, will now be under one roof, creating a lineup of male groups that are truly the best in the country.

PLEDIS is expected to continue operating independently even after joining Big Hit, and is anticipated to secure strong competitiveness in business expansion and overseas market entry.

PLEDIS artists will receive systematic support from Big Hit's specialized and segmented business corporations and support organizations.

With Big Hit's overseas business capabilities, global network, and platform technology, proven by the global success of BTS, greater achievements are expected in the overseas market.

PLEDIS CEO Han Sung-soo said, "I am happy to be working with Big Hit, a leader in the Korean entertainment industry.

This will be an opportunity for all PLEDIS artists and staff to take another leap forward."

He added, "I have high expectations for the future that will be shown when PLEDIS's creativity meets Big Hit's strengths.

We will repay our fans with even better content and greater success for our artists in the future."

Big Hit Chairman Bang Si-hyuk said, "Above all, I am happy to be able to collaborate with CEO Han Sung-soo and PLEDIS's creative organization."

He added, "In the future, Big Hit and PLEDIS will empathize through music, grow together, and create great synergy between us."

These are English translations of articles from our GTTOUR Japanese website.