Hybe

History

Big Hit Entertainment was founded on February 1, 2005, and signed the vocal trio 8Eight in 2007. In 2010, the company signed a contract with JYP Entertainment to jointly manage the boy group 2AM. That year, Bang Si-hyuk signed RM as the first member of BTS and launched nationwide auditions to recruit other members for the group. BTS made their debut under Big Hit on June 13, 2013. In 2012, the company signed Lim Jeong-hee, and formed the girl group Glam as a collaboration with Source Music. The group was active until 2014, when it was disbanded due to legal actions against one of its members Kim Da-hee. Kim was sentenced to prison after being found guilty of blackmailing actor Lee Byung-hun. Following the end of the joint contract between Big Hit and JYP in April 2014, three members of 2AM returned to JYP. Lee Chang-min remained with Big Hit to continue with his solo career and as part of the duo Homme. In early 2016, Big Hit ended their stake relationship with Signal and made a full settlement of the bonds. In February 2018, Homme disbanded after member Changmin's contract ended. He left the company to start his own agency, while Lee Hyun continued on as a solo artist. In August, Big Hit and CJ ENM released information stating plans to create a joint entertainment agency, with ownership split 52% to the latter and 48% to the former. Filed under the name Belift Lab, the agency debuted its first boy group Enhypen in November 2020. In October, BTS renewed and extended their contract with the agency for seven more years. Big Hit was voted Best Investment Company of the Year at the 2018 Korea VC Awards in December. Big Hit debuted its second male group, Tomorrow X Together (TXT), in March 2019. Also that month, former CBO Lenzo Yoon was appointed co-CEO alongside Bang.…