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K-pop's biggest labels seek merger clearance for global festival JV

By Jenny Lee ( April 16, 2026, 09:26 GMT | Insight) -- South Korea’s four biggest K-pop agencies are seeking antitrust clearance to establish a joint venture for a new global music festival project, in a move that would bring some of the industry’s fiercest rivals together under a single platform. Hybe, SM Entertainment, JYP Entertainment and YG Entertainment have notified the Korea Fair Trade Commission of the planned venture, which the regulator has begun examining, MLex was told.South Korea’s four biggest K-pop agencies are seeking antitrust clearance to establish a joint venture for a new global music festival project, in a move that would bring some of the industry’s fiercest rivals together under a single platform....

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