Big Hit Entertainment, YG Entertainment, Universal Music Group, and Kiswe Mobile will be launching a new live streaming platform 'VenewLive' together.

Big Hit Entertainment announced on February 10th that YG Entertainment and Universal Music Group decided to invest in KBYK Live, which is a joint corporation of Big Hit and Kiswe Mobile. Big Hit and Kiswe signed a memorandum of understanding (MOU) back in May 2020 and established their joint corporation KBYK Live in September of the same year. Since then, KBYK Live has been utilizing its live-streaming platform 'VenewLive' for Big Hit artists, such as BTS' online concerts 'Bang Bang Con: The Live' and 'BTS MAP OF THE SOUL ON:E'. 

YG and UMG plan to grow the platform 'VenewLive' as a platform for artists around the world together with KBYK Live through their joint investments. 'VenewLive' plans to showcase various digital performance elements such as live chatting and purchasing official merchandise tailored to each artist and their fans in the future.