Big Hit Music
Big Hit Music (Korean: 빅히트 뮤직; formerly Big Hit Entertainment) is a South Korean entertainment company established in 2005 by Bang Si-hyuk. It was rebranded as Big Hit Music by its parent company Hybe Corporation, formerly Big Hit Entertainment Co. Ltd., in March 2021. As of that date, the company manages soloist Lee Hyun, and boy groups BTS and TXT—it is formerly home to soloist Lim Jeong-hee, and groups 8Eight, 2AM, and Glam.
February 1, 2005 (as Big Hit Entertainment)
2005–2021: Big Hit EntertainmentEdit
Big Hit Entertainment was founded on February 1, 2005, and signed the vocal trio 8Eight in 2007. In 2010, the company signed a joint management contract with JYP Entertainment over the boy group 2AM. That year, Bang Si-hyuk signed RM as the first member of BTS and launched nationwide auditions to recruit other members of the group—BTS made their debut under Big Hit on June 13, 2013.
In 2012, the company signed Lim Jeong-hee, and formed the girl group GLAM as a collaboration with Source Music. The group was active until 2014 when it was disbanded due to a controversy involving one its members Kim Da-hee—Kim was sentenced to prison after being found guilty of blackmailing actor Lee Byung-hun.
Following the end of the joint contract between Big Hit and JYP in April 2014, three members of 2AM returned to JYP, while Lee Chang-min remained with Big Hit in order to continue with his solo career and as part of the duo Homme. The year also saw the disbandment of 8Eight after Baek Chan and Joo Hee's contracts with Big Hit ended. In May 2015, Lim Jeong-hee parted ways with the agency, following the expiration of her three-year contract.
In February 2018, Homme disbanded after member Changmin's contract came to an end. He left the company to start his own agency, while Lee Hyun continued on as a solo artist. In October, BTS renewed and extended their contract with the agency for seven more years. Big Hit debuted its second male group, Tomorrow X Together (TXT), in March 2019.
2021–present: Rebranded to Big Hit MusicEdit
On March 10, 2021, several news outlets started to report news of Big Hit Entertainment supposedly changing their name to HYBE Corporation. Later the same day, the company itself announced their intentions to change their name to HYBE Corporation, the statement reads "...comforting and inspiring people around the globe through our music and artist, Big Hit Entertainment continues to make new innovations to the music industry business model. Big Hit strives to become the world's best music-based entertainment lifestyle platform company".
On March 19, 2021, Big Hit Entertainment Co., Ltd. announced they had rebranded the company in order to fit the new image and achieve new horizons added to their existing areas of business. Big Hit Entertainment had grown with time to a multilabel company, operating and serving in different businesses and areas, thus, Bang Si-Hyuk, CEO and co-founder, saw the name Big Hit Entertainment did not fully encompassed the true meaning and purpose of the company. Big Hit Entertainment started working in areas traditionally not covered by entertainment companies, such as 360 business, IP business, and the education sector. Due to this, the name of Big Hit Entertainment did not fit the agency anymore, and they needed a new name.
During the presentation, it was announced that the identity Big Hit would not be lost and a new sub-label would be created. In the same event, they announced Big Hit Music as the official name of this new label making it part of HYBE Corporation and HYBE Labels. This new label is set to work independently from HYBE Corporation in the areas of music production, artist management and fan communication.
The rebrand went into effect on March 31, 2021.
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