The group also reveals its upcoming new single, "Sound of a Saturday Night."
BMG will support six releases through Martin's Sounds of Crenshaw label, with the first coming this summer.
“The idea was really to give fans a menu of options to choose from,” says APG senior vp of marketing and brands Corey Calder.
Share prices for HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have increased by an average of 75% year to date.
Herrera will serve as the company's director of business development
The new label is the latest vertical for the company, which already boasts management, production and publishing arms.
Hartwig Masuch decides to move up his retirement date, with Thomas Coesfeld assuming the top job in July instead of January.
The latest "Music Industry Action Report Card" expresses concern that "things [might] revert to how they were before."
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
Co-founders Matt Pincus and Ron Perry have been bought out of their stakes in the label, sources say.
