(Update: in discussion) WHAT?! BigHit reportedly have made a merger agreement with Pledis

[juhli.livejournal.com]

According to SportsDonga, BigHit Entertainment have made a merger agreement with Pledis Entertainment

This means Pledis groups NU'EST and SEVENTEEN will join BigHit - similar to how BH acquired Source Music with GFRIENDhttps://t.co/hpdhivhbWY

— 파룬 (@balloon_wanted) January 12, 2020

According to multiple entertainment officials, Big Hit Entertainment has recently decided to acquire and merge with Pledis Entertainment

With this, Pledis is also expected to move into the Yongsan office building in central Seoul where Big Hit will expand and relocate in May pic.twitter.com/3Cicp1SOL2

— The Seoul Story (@theseoulstory) January 12, 2020

[Exclusive] Big Hit Entertainment is acquiring Pledis Entertainment, home to NU'EST and Seventeen. Similar to its acquisition of Source Music (home to GFriend), Pledis will become an independent label under Big Hit and will continue to be managed by its current leadership. https://t.co/MTwalQ1nkv

— doolset🍊 (@doolsetbangtan) January 12, 2020

[Official] Big Hit’s representative said, “Although we are open to many opportunities, [the decision to acquire Pledis] has not been made.”https://t.co/0LByIc8QyT

— doolset🍊 (@doolsetbangtan) January 12, 2020

Source: balloon_wanted, daum, theseoulstory, doolsetbangtan 2, _jimintoday_, naver

Update: Big Hit says the decision has not been made.

Comments

[vintage-boom.livejournal.com]

This is one way to fill a roster I guess.

[goshipgurl.livejournal.com]

lol mte. They should snatch up MNH with Chungha next for the successful (female) solo artist in their roster

[thebloomroom.livejournal.com]

Too bad this wasnt done earlier, maybe they could have saved the GGs.

[kyulkyung.livejournal.com]

was there any noticable change in gfriend's management after source music got acquired? i know there was speculation regarding the merge but i'm still shocked.

[azoarka.livejournal.com]

No, no big changes. Pledis is probably going to still operate independently the same way Source music does now then.

[juhli.livejournal.com]

Old rumor post from July about big hit mergin g with another company: https://omonatheydidnt.livejournal.com/24444132.html

Also i feel like a clown right now because i remember back then being so sure about how it was not about Pledis since they have such strong ties to cj e&m.

[lyzame.livejournal.com]

When it was first announced that Bighit will acquire another company besides Source, I just had a gut feeling that it was Pledis...my gut was right lmao.

[adlyeith.livejournal.com]

Wow, that's surprising? I wonder what this means for the Pledis groups, especially since SVT are on their world tour at the moment.

[azoarka.livejournal.com]

Shouldn't be any major changes if you look at how Gfriend operates. Source Music still runs independently, I expect the same for Pledis.

[timetobegin.livejournal.com]

Will this make Pledis less shitty tho???

[scheisse.livejournal.com]

lmao. that bts money is big, big money.
hopefully this means management restructuring since pledis is known to be horrible to their groups.

[infj23.livejournal.com]

Look. I've been insanely busy with work. I can't deal with this and comeback activities at the same time.

This is such an interesting move. What is the connection between BH and Pledis?

[jackieee94.livejournal.com]

Bighit making sure they still make bank while Bts enlist.

he-man woman haters' club ent

[myrrhcat.livejournal.com]

bighit trying to dominate the industry katamari-style, i see

[adenar.livejournal.com]

Weirdly my first thought was 'well they can transfer the pristin girls to source and they can redebut' lol. Still, bts, nuest and svt, gfriend, and txt all under one roof? The power.

[azoarka.livejournal.com]

Looking at how Source Music/Gfriend has operated post acquisition, it looks like Pledis is going to still operate independently too so anyone worrying that this means huge changes to seventeen/nu'est, I wouldn't worry. If anything, I kinda hope this means some corporate restructuring for Pledis if only so seventeen isn't so badly managed by Pledis anymore.

[vintage-boom.livejournal.com]

GFriend had nothing to worry about because they aren't competition for TXT (BTS is in a diff league). SVT and NUEST on the other hand...look at what SM did to Infinite after acquiring Woolim.

[rainstormraider.livejournal.com]

They have this much money?

How many trainees does Pledis have?

And Pledis is a shit show with girl groups so are they gonna do something about that?

[kyokomurasaki.livejournal.com]

My first thought was of the girl groups lol, it's hard to imagine they could be worse off than they already are so maybe this would be a positive change

[rainstormraider.livejournal.com]

I mean they did shelve The Ark.

I need to look up Khan or Kahn or whatever they are called now.

[wafflesnmilk.livejournal.com]

My biggest reason to object this merge is that I’D HAVE TO USE WEVERSE/WEPLY please no...

[mun-chairudo.livejournal.com]

ugh weply/weverse

hate that shit and i am a bts stan /:

[kastih.livejournal.com]

if this means seventeen's managed better then i'm all for it. couldn't they have done this before pristin went to shit....?

[sheisagentleman.livejournal.com]

man, justice for pristin :-/ they were so good

[sheisagentleman.livejournal.com]

i really hope this is good for svt (idk nuest but i hope its good for them too!) not even for pledis/bighit (fuck them companies). SVT are soooo talented and even though the last song i liked was aju nice (lol) i wish them so much success!

[4minutesluts.livejournal.com]

but what does this mean for korea's #1 girl group duo After School?

[lizanka23.livejournal.com]

wait who else from AS is still in pledis? i know there's nana but who else?

[xoxkenzxox.livejournal.com]

Source Music. then Pledis. Are they no longer in the idol business but the company buying business?

[the3rdjester.livejournal.com]

I think we can say that we have a Disney situation here lol

[the3rdjester.livejournal.com]

All I'm gonna say is, whatever happens, I hope Seventeen's creative independence stays intact.

[lizanka23.livejournal.com]

good luck to them. hopefully when bts decides not to perform for some show it won't affect them like it did gfriend