BTS agency Hybe buys stake in rival SM Entertainment

Yahoo Finance Live anchors discuss news that Hybe has purchased a stake in rival SM Entertainment.

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BRIAN SOZZI: A battle of the bands in South Korea as Hybe-- Hybee?

JULIE HYMAN: Hybe.

BRAD SMITH: Hybe.

BRIAN SOZZI: Hybe. The agency representing pop supergroup BTS just took a stake in rival SM Entertainment, which owns bands like Girls Generation and Super Junior. Well, I guess I'm dating myself a little bit. I haven't heard some of those bands, but unless, of course, I've heard of BTS. And this is quite the, I guess, merger of big names in this industry.

JULIE HYMAN: Yeah, I mean, any time you mention anything going on with BTS, obviously, you get a spike in interest. So--

BRAD SMITH: Oh, yeah.

JULIE HYMAN: --now BTS buying into-- BTS's owner, excuse me-- buying into-- you know, it makes sense.

BRAD SMITH: BTS had their own McDonald's meal. Anybody who reaches that or amasses that-- well, not anybody, but most times, if you get your own McDonald's meal, you're in a pretty good trajectory. But for, I think, BTS and now Hybe and the Hybe deal here, too, I mean, it just continues to signal so much of the music dominance right now that is coming out of some of the international groups. And they're taking the world by storm. I mean, I got to create a weekend playlist for you. I know you do your five-hour gym workout, so perhaps I'll get you one.

BRIAN SOZZI: I'm very excited to hear all 27 of BTS's songs that you've--

[BUZZER]

--carefully curated for me. Thank you, Brad.