The project is HYBE's first artist development venture of this scale focused entirely on Latin talent and featuring marquee mentors and coaches.
Here is a round-up of Universal Music Group, Spotify, HYBE and other music companies' earnings results for the quarter ending March 31, 2025.
Universal Music Group, Spotify, Live Nation and Deezer also posted gains following their quarterly earnings reports.
Strong concerts and merchandise revenue helped the company overcome a slow period for recorded music revenue.
Other deals this round: ATC Group acquires a majority stake in Easy Life Entertainment, Triple 8 Management partners with AI company Sureel and more.
The project will put the group's chosen members through HYBE's famed training model before introducing them via a scripted series.
Korean companies fared well even as the 20-company Billboard Global Music Index fell 2.9% due mainly to declines by Spotify, Warner Music Group and CTS Eventim.
With another court battle looming, will the costs to the K-pop giant ultimately outweigh future benefits?
After declaring themselves free of their contract and moving forward with a new name, the group was hit with a legal challenge from HYBE/ADOR. Now, the issue is in the court's hands.
K-pop stocks fared well in a week when most stocks on the Billboard Global Music Index, which lost 2.3%, were down amid a rough period for markets overall.
