Major K-Pop Agencies Form Joint Venture for Global Festival
Leading K-Pop entertainment companies SM, JYP, YG, and HYBE are collaborating to launch a joint venture aimed at creating a global K-Pop festival, which has been likened to a "Korean Coachella."
Source Diversity
Source Diversity
Moderate (32/100)Sources
Hybe, JYP, SM, YG to form joint venture for ‘Korean Coachella’
Four major K-pop agencies are joining forces to establish a joint venture to launch a large-scale music festival that could rival global events such as Coachella. According to local media reports Thursday, Hybe, JYP Entertainment, SM Entertainment and YG Entertainment recently submitted a business combination report to the Fair Trade Commission as part of plans to establish a joint venture focused on concert planning. The filing is required, as Hybe is classified as a large conglomerate with ass
By The Korea Herald
Read full article →SM, JYP, YG and HYBE to Launch Joint Venture for Global K-Pop Festival
Tentatively dubbed "FANOMENON" and led by JYP's J.Y. Park, the festival is slated for a December 2027 debut in Korea before rolling out globally in 2028.
By Ariel King
Read full article →Coverage Timeline
Related Stories
Voice Actor Peter Cullen, Who Portrayed Optimus Prime, Dies at 85
25m ago
UEFA Prepares Criminal Complaint Against FIFA’s Infantino Over Failed World Cup Sale
1h ago
Actor Samuel Monroe Jr., Star of ‘Menace II Society’, Dies at 52
1h ago
Eros Ramazzotti Postpones Tour Dates Following Vocal Cord Surgery
1h ago