[Official] BigHit and Pledis "No Decision Made on Merger and Acquisition"

Idol group BTS under Big Hit Entertainment.
Photo by Yonhap News

[Asia Economy Intern Reporter Kim Seul-gi] Big Hit Entertainment (Big Hit) and Pledis Entertainment (Pledis) have stated that "nothing has been decided" regarding merger and acquisition rumors.

Earlier on the 18th, Sports Kyunghyang reported, "Ahead of Big Hit's merger and acquisition, Pledis informed its affiliated artists of this decision."

Another media outlet, The Fact, reported, "Big Hit has decided to merge with Pledis and has completed all related contracts," adding, "All detailed arrangements have been finalized, and the contract has been officially signed. Only the official announcement remains."

However, both parties remained tight-lipped about these claims. On the same day, Big Hit said, "We are open to various opportunities, but nothing has been decided yet." Pledis also stated, "As with our previous position, nothing has been decided, so there is no information we can confirm."

The merger rumors between the two agencies also surfaced in January. At that time, both sides said, "Nothing has been decided."

Meanwhile, Big Hit acquired Source Music, home to the idol group 'GFriend,' in July last year. At that time, Big Hit CEO Bang Si-hyuk said, "Source Music and we share similar philosophies in nurturing and managing artists. Since we know each other well, we expect this acquisition to be successful."

Currently, Big Hit houses BTS and Tomorrow X Together. Pledis has artists such as NU'EST and Seventeen.

This content was produced with the assistance of AI translation services.