HYBE America has recently acquired Quality Control Music, the Atlanta-based rap label that is one of the hottest hit-makers in music today.
Scooter Braun, who represents pop stars like Justin Bieber, Ariana Grande, and Demi Lovato, has made this acquisition his first significant move after taking over as the sole chief executive of HYBE America last month. In addition, the company also manages BTS, the superstar group in South Korea.
On Wednesday, HYBE America and QC Media Holdings, the label’s parent company, announced the deal, which is thought to have been over $300 million.
“QC is one of the most significant independent labels in the world,” Braun told The New York Times. “They not only distribute music, but they also distribute culture. Their artists are the voices of their communities.”
“We want to take our brand worldwide and need partners with mindsets like ours — ground up, self-made, and building companies from nothing,” Thomas, Quality Control’s chief executive, said in a statement. “All of Hybe’s leaders are entrepreneurs with track records for finding, growing, and amplifying their talent globally.”
Currently, the future value of the group Migos is unclear following the death of Takeoff, who was killed last year. Offset is suing the label over ownership of his solo recordings, and Quavo is currently being managed by Brauns company, SB Projects.