Posts tagged with "Justin Bieber"

BTS’s K-Pop Agency buys Bieber manager’s firm for $1B

April 5, 2021

The Korean company that launched K-pop sensation BTS is paying $1.05 billion for a star-studded U.S. media group that has advanced the careers of global songsters Justin Bieber and Ariana Grande, reports Bloomberg.

Big Hit Entertainment, which is changing its name to HYBE, is investing ₩1.07 trillion (US$950 million) into its U.S. unit to acquire founder and producer Scooter Braun’s Ithaca Holdings . Big Hit will pay a total of $1.05 billion to shareholders and bondholders to purchase Ithaca, according to a regulatory filing in Seoul on April 2.

The acquisition of Ithaca would be the first major foray into the U.S. market for Big Hit Entertainment, Bloomberg notes. Braun, currently Ithaca’s CEO, will join the board of HYBE, the companies said in a statement. As part of the transaction, Carlyle Group will sell its significant minority stake in Ithaca, which it has held since 2017.

Braun hailed HYBE’s systems and said the tie-up would create “exponential” opportunities for new and existing Ithaca artists. HYBE Chairman and CEO Bang Si-Hyuk called the deal an “inevitable joining.”

According to Variety, in aligning the two entities, the newly combined HYBE is poised to be among the biggest entertainment companies with a music focus operating on a global scale. BTS and Bieber, alone, bring dedicated fanbases numbering in the hundreds of millions, while Ariana Grande recently surpassed 90 billion streams consumed worldwide, the most ever by a female.

Big Hit helped popularize K-pop, with BTS’s “Dynamite” topping the Billboard Hot 100 in 2020. BTS was the first Asian act to be No. 1 on the U.S. music chart since Kyu Sakamoto held the No. 1 spot for three weeks in 1963.

Research contact: @Bloomberg

Why pink is the ‘statement-making’ hair color trend of the pandemic

January 13, 2021

In a time of pandemic, many celebrities are going out of their way to show that they are “in the pink.” Just last weekend, Chrissy Teigen unveiled a pink-purple do, while Jennifer Lopez’s stylist showed the actor and singer sporting a similar shade just before Christmas.

Variants of the color have dominated 2020’s biggest pop culture moments, and that looks set to carry on in 2021, reports The Guardian.

Justin Bieber went pink for his Yummy video in January, while Lady Gaga went pink in February for her Stupid Love video. And others such as Dua LipaMadonna and comedian Whitney Cummings dyed their hair rose, fuchsia, and bubblegum.

 “In the past year, we’ve sold one pink hair product every 30 seconds,” Alex Brownsell, co-founder and creative director of hair company Bleach, told The Guardian, adding, “which is a 50% increase from the previous year.”

There’s no doubt pink translates well on social. “As beauty influencers and consumers, we tend to lean towards things that are eye-catching and statement-making,” Los Angeles-based celebrity hair stylist DaRico Jackson told the news outlet. “Not only does pink pop on your page, but it matches up on all sides.”

Despite the apparent extremity of choosing the shade as a hair color, it is not an allegiance that needs to last forever. “It’s a low-commitment color that fades or washes out when you get bored of it,” commented Rachael Gibson, editor of the Hair Historian on Instagram.

She added the obvious:  “Pink is a very joyful, positive color, which is frankly what we all need.”.

Research contact: @guardian