Big Hit Entertainment, home to K-pop heavyweights BTS, and its chairman and CEO Bang Si-Hyuk have announced their plans to acquire KOZ Entertainment.
Zico, who debuted with the group Block B in 2011 and had gained notoriety as an underground rapper, is part of KOZ Entertainment which was founded in November 2018. The label includes Zico and songwriter Dvwn. It will join Big Hit along with their other labels including Source Music (home to GFriend) and Pledis Entertainment (that houses Seventeen and NU’EST)
“KOZ values artists and content, and strives for innovation in the music industry,” said KOZ CEO Yoo Seung Hyun. “Its philosophy is in line with that of Big Hit which is innovating the business model of the music industry. Under cooperation with Big Hit, we will continue to find talented artists and advance our global business.”
Meanwhile, Big Hit’s chairman and CEO Bang Si-Hyuk added, “I am happy to stand together with Korea’s top producer and artist Zico. I look forward to the success of KOZ artists in the global market through Big Hit’s global network and organized music production system…I look forward to the synergy that Big Hit and KOZ will create together.” Big Hit added in their release that “the deal is expected to pave way for Big Hit to expand on artist IP and production capacity.”
Big Hit Entertainment recently filed to go public, boosting the company at a global scale and within the Korean music industry. The company is also on the heels of releasing BTS’ newest album BE on November 20 and ENHYPEN’s debut album Border: Day One on November 30.
Zico and Big Hit’s Bang Si-Hyuk both appeared together earlier this year on the singing competition show I-Land where the newest group ENHYPEN was created.
Adriana Chavez is the editor for Vacancy. Email: firstname.lastname@example.org