‘Rolling Stone’ and ‘Billboard’ publisher purchases 50% stake in SXSW

by: Rugby Scruggs Apr 23, 2021 Rolling Stone, Billboard, and Variety‘s publisher, Penske Media Corporation has purchased a 50% stake in Austin, Texas-based music, technology, and film festival South by Southwest, better known as SXSW. While the founders have owned a majority stake in the festival since 1987, the recent sale makes Penske the largest …

BTS’ label purchases Scooter Braun’s management company

by: Ariel King Apr 13, 2021 HYBE, formerly known as Big Hit Entertainment and the record label that is behind K-pop superstars BTS, SEVENTEEN, ZICO, GFRIEND, and more, has acquired Scooter Braun’s label group, Ithaca Holdings. The $1 billion deal sees HYBE purchase the company that manages Justin Bieber, Ariana Grande, and Demi Lovato. Additionally, the …