Big Hit Entertainment has responded to claims that they would be acquiring Pledis Entertainment.
According to an exclusive report from Ilgan Sports, it was reported that BTS, TXT, SEVENTEEN, and NU’EST would all become agency labelmates, as Big Hit Entertainment decided to acquire Pledis Entertainment. The move would be similar to Big Hit Entertainment’s acquisition of Source Music back in July 2019.
According to the report, Pledis Entertainment would continue to run independently, just like Source Music, only under Big Hit Entertainment’s umbrella. Pledis Entertainment would also move into Big Hit Entertainment’s new building in Yongsan.
We expect that the two companies will create an even more powerful synergy in the future by joining hands. They will open up opportunities such as growing new artists and improving content and their global network based on the combined know-how of both agencies.
Following reports of the news, Big Hit Entertainment has come out to respond to the rumors, denying the reports of the acquisition.
We are open to various opportunities, but we have no decision yet on what the reports are saying.
— Big Hit Entertainment
If the acquisition of Pledis Entertainment goes through, Big Hit Entertainment is expected to further cement themselves as a TOP 3 agency