More to cut millions in the HYBE deal for Justin Bieber and Ithaca Holdings

This is not the first time Shares have been received from artists HYBE. When The company Went public on the Korean Stock Exchange last October, Of the seven members BTS Each Found શેર 8 million worth of shares. But sources say there is an equity awardEd ItkaNo. Artists Bran is coming out of the innings.

HYBE, the company behind Powerhouse K-Pop Group BTS, said on Friday (April 2) that it would Pay 1. 1.05 billion in cash and shares to acquire Ithaca Holdings, In the move Designed to help Korean company Establish a strong U.S. presence in music and entertainment while raising its profile for American financial investors. According to the terms of The deal, which is expected to close in about a month,Bran will join the board HYBE And Borchetta will be the CEO of Big Machine Label Group.

The deal marries Big H.That EntertainmentNo. Labels with management company and Ithaca Entertainment Holdings, These include Big Machine Label, SB Projects Management Company and his interests in film and gaming through Mythos Studios and 100 Thieves Gaming.

Since its announcement in October, HYBE has joined South Korean and U.S., including Universal Music Group. Increased BTS’s global reach with a range of small labels, joint ventures and strategic partnerships with Labels. The deal was signed by the company in the US. Close to the market and constantly taken to the founder and CEO Bang Si-hukAim to create HYBE in the international entertainment group.

In February, HYB and Universal announced the Korean company Create Combined label and co-production one with Geffen Records American IdolTo find the next global K-pop boy band-like show. The new label will run from Los Angeles, where HYBE plans to open a new expansion U.S. Office later this year.

For HYBE, Ithaca Holdings will put pressure on the company to diversify its artist roster ahead of BTS, which boosted the company’s sales of 97% in 2019, especially the military service needed for the group’s oldest members is still coming in two to three years.

This Ithaca Holdings The deal was announced after trading on the Korea Stock Exchange closed Friday, In which Share of HYBEs – which still trades under Big Hit Entertainment – Off 243,000 KRW (21 214.97) per share, giving the company a market capitalization of 8.5 trillion KRW (27 7.27 billion), just below its 8.7 trillion KRW valuation in its first day of trading. On 15 Oct

In addition to paying with big Hit Shares, using at least 120 million to HYBE debt To FinancialE Deals, According to a HYBE filing. The stock share probably comes with an up-period c-up period, which means that the recipients cannot trade it until a certain date.

Financial Music Officers Said they were Especially stunned by the Ithaca assessment Then Bran and Ithaka’s financial assistant, this Carlyle Group, Sold Crown Gems of Big Machine Labels – Taylor Swift List Shamrock Holdings for about 300 300 million The last November. It was After 16 months They bought Big machine.

In Big machine Editing, Sources say Ithaca acquired 80% The company Deals that give Big machine The valuation of about 80 380 million leaves Borchetta and possibly some of his investors with a 20% stake that has apparently turned into Ithaca shares.

In addition to Swift catalogs, large machine labels Will Bring HYBE Florida Georgia Line, Carly Pierre, Lady A, Jennifer Nettles, Rascal Flats, Sugarland, Sheryl Crow, Thomas Reshet, Tim McGraw, Brantley Gilbert and Ally Young Band.

Before, Billboard The Big Machine averaged about 100 100 million in 2015-18, with revenues of approximately વ્યા 40 million before interest, taxes, depreciation and redemption. But since the Swift catalog generated a lot of revenue, it was also responsible for outside profitsMargin contribution Overall about three-quarters of EBITDA, Billboard Calculation.

S.Ins Borchetta sold a large machine to Etheka, PThe range for musical wealth has increased Significant, Universal Music Group acquires EBTD 30 times since its deal with Tencent Musical entertainment. Is UMG Expect more than its planned stock from Fur later this year.

Given that multiplication, Billboard An estimate of 9 50,950 million for a large machine alone is up to the top end. But before that, Ithaca sold Swift’s catalog to Shamrock Holdings for about 300 300 million. Without the Swift catalog, Big machine Is worth half – Anywhere 300 million to 50 650 million. This means that the remaining Ithaca holdings in technology, film and gaming have contributed significantly to the evaluation of Ithaca.

Regardless, Carlyle can group Emerged as The biggest winner in Deal. Ithaca Holdings And HYBE Said Friday that Carlyle After initially investing in the company in 2017, Ithaca will sell its significant minority stake.

EWayne Before the Swift catalog sold out, Sources indicate that Carlyle was the sole beneficiary of the 300 300 million that Sharmarock paid for the Swift catalog.

With a larger machine and SB holdings, HYBE will Significantly increase it US Holdings. And joint management and label rosters of Bieber, BTS and Grande Will Give HYBE More Firepower in the entertainment lifestyle market.

This Can deal Also This means that HYBE is a potentially inherited swift headache. Expressed the pop star Her Resentment Last year Above Learned that Braun owns the list through Big Machine Acquisition. She said she wanted to, but never gave her the chance to buy back the list. She then condemned the deal and all those involved. She continues to own her own publication.