The Bangtan Boys have reportedly signed a new deal with Universal Music Group after leaving Sony Music imprint while MNEK has launched his own record company.
AceShowbiz -BTS are reportedly leaving Sony Music’s Columbia Records after signing a new deal with Universal Music Group (UMG).
The K-pop stars signed a three-year deal with Sony back in 2018, but are expected to move to UMG from 1 December (21), according to multiple reports.
Bang Si-hyuk, the founder and chairman of HYBE, the agency which manages BTS, is said to have formed a close relationship with UMG CEO Lucian Grainge in recent years, with Scooter Braun apparently working to initiate the deal between the two organisations.
Meanwhile, Si-hyuk’s friendship with Grainge is in sharp contrast to his relationship with Columbia chairman and CEO Ron Perry who, according to Billboard, had never met the HYBE mogul during their partnership, despite having flown to South Korea on numerous occasions to work with BTS on their music.
BTS have yet to publicly comment on the reports.
Meanwhile, MNEK has launched his own record label.
The musician, who has penned hits for Little Mix, Beyonce Knowles, Madonna, and more, tells Britain’s The Sun newspaper his latest business venture is “about honing in on bringing in young talent.”
“I started out really young and I want to be what I should have had during that time, where I was really figuring myself out,” says the “Head & Heart” hitmaker.
“I want to be a mouthpiece for young artists of colour and really talented people who deserve a chance that maybe major labels aren’t giving them. As an artist myself, I want to be artist-friendly, not ‘business honcho’ all the time.”
The star’s latest release is the Craig David collaboration “Who You Are”, out now, which features on the “Fill Me In” singer’s eighth studio album, “22“, out in May (22).
“Craig is someone I’ve looked up to for a really long time,” beams MNEK.
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