Big Hit Entertainment has officially confirmed on January 13 that it is acquiring Pledis Entertainment.
Similar to the acquisition of Gfriend’s label, Source Music in 2019, Korean News outlet Sports DongA reported that Big Hit was in the process of acquiring Pledis Entertainment.
However Pledis Entertainment will continue to exist and operate as an independent label, like Source Music. But if both companies move forward with the acquisition, then they (especially Pledis) will most likely to move into Big Hit Entertainment’s new building in May 2020.
Similar to the acquisition of Gfriend’s label, Source Music in 2019, Korean News outlet Sports DongA reported that Big Hit was in the process of acquiring Pledis Entertainment.
However Pledis Entertainment will continue to exist and operate as an independent label, like Source Music. But if both companies move forward with the acquisition, then they (especially Pledis) will most likely to move into Big Hit Entertainment’s new building in May 2020.