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Big Hit Entertainment, YG Entertainment, Universal Music Group (UMG), and Kiswe will be joining forces to launch a new digital live streaming platform.
On February 10, it was revealed that YG and UMG had become joint investors in KBYK Live, a joint corporation that Big Hit Entertainment launched with Kiswe. Through YG and UMG’s investment, KBYK Live plans to launch the “VenewLive” platform on a global scale with various musicians, including agency artists.
Big Hit and Kiswe signed a memorandum of understanding (MOU) in May 2020 and launched their joint corporation in September 2020. The joint corporation launched the digital live streaming platform VenewLive, which was used to hold online concerts at Big Hit Entertainment.