The 10 Biggest Music Business Deals of 2023 ...Middle East

K-pop’s growth has reshaped the music business and given financial fuel to ambitious companies with global ambitions. In 2023, this trend was made evident by how many times Korean companies were involved in music’s biggest deals. In each of the last three years, HYBE has acquired or invested in a company to help it diversify beyond K-pop and its tentpole artist, BTS. In 2023, HYBE paid $300 million for hip-hop label and management firm, $114 million for the remaining 51.5% stake in Belift Labs, home of the K-pop boy band Enhypen, and an undisclosed amount for Latin music company Exile Music Group. After raising $822 million

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