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Posted by yckim124762 pts Wednesday, April 4, 2018

Netmarble invests $190 million in Big Hit Entertainment + becomes 2nd largest shareholder of the agency

BTS

South Korean game publishing company Netmarble is now the second largest shareholder of Big Hit Entertainment


On April 4, Big Hit Entertainment - the home of BTS - announced that they have received a 201.4 billion KRW (189.3 million USD) investment from NetmarbleThe game company now owns 25.71% of Big Hit Entertainment's total shares, making them the second largest shareholder of the agency.


SEE ALSO: Employees accused of insider trading and selling HYBE stock before BTS's hiatus say they didn't know it was "undisclosed information"


Netmarble and Big Hit Entertainment plan to expand their synergy in global music and the game market with their strengthened partnership. Netmarble founder and Chairman Bang Joon-Hyuk is the cousin of Big Hit Entertainment founder Bang Si-Hyuk.


Meanwhile back in February, Netmarble announced the cinematic game 'BTS WORLD'. 

  1. BTS
  2. BIG HIT ENTERTAINMENT
  3. NET MARBLE
  4. NETMARBLE
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