K-pop megaband BTS drops Sony for Universal – WSJ

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The Grammy-nominated, seven-member band shot to global fame after the release of its English songs “Butter,” “Permission to Dance” and others.

Terms of the deal were not disclosed, the Journal reported https://www.wsj.com/articles/bts-drops-sony-for-universal-11634903732?page=1.

Universal, whose other hit singers and catalogues include Justin Bieber and The Beatles, was spun off by France’s Vivendi (OTC:VIVHY) last month.

Hybe Co Ltd, which manages BTS, Sony Music and Universal Music Group did not immediately respond to Reuters requests for comment.