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K-pop megaband BTS leaves Sony for Universal

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Reuters

(Reuters) -South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group, the world’s biggest music label, dropping Sony Music’s Columbia Records, the music band’s manager said on Friday. Hybe Co Ltd-owned Bighit Music, which manages BTS, did not disclose the financial terms of the deal but said Universal and its American record label Interscope would distribute and market BTS’ music in the United States and other regions. The deal expands the entertainment company’s existing partnership with Universal, as it seeks to boost the popularity of K-pop music globally…

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