HYBE Completes a Historic Key Acquisition to Merge with QC Media Holdings, Inc.
Pictured from left to right: HYBE Chairman Bang Si-Hyuk, QC CEO Pierre “P” Thomas, QC COO Kevin “Coach K” Lee, and HYBE America CEO Scooter Braun. Photo credit: Eric Ray Davidson.
QC, founded by CEO Pierre "P" Thomas and COO Kevin "Coach K" Lee, is among the most influential labels, responsible for groundbreaking acts such as Migos, Lil Yachty, Lil Baby, and City Girls.
HYBE signs a historic agreement with QC Media Holdings, Inc., the parent company of Pierre "P" Thomas and Kevin "Coach K" Lee's music, sports, and film & television empire ("QC"), significantly expanding its footprint in the music landscape while diversifying the company's offerings as it continues to be one of the world's most dominant entertainment and lifestyle platforms.
This merger acquisition is part of HYBE's larger vision, that is shared by Bang, Scooter, and the rest of the company's leadership: to create a truly global entertainment platform rooted in music, the artists who create music, and the dedicated fans who are inspired by that music.
"P and I are ecstatic about this partnership with Scooter and HYBE and are confident they can get us to our global ambitions we've had in our scope since the beginning of our company as nothing means more than our artists impacting world-wide. Over many years Scooter and I have cultivated real trust and a common way of looking at the world and culture. An added bonus of this partnership is the fact that both QC and HYBE have existing relationships with the UMG family and that will create an easy flow that will benefit the artists. The artists of QC are our focus and their best interests will be incredibly supported with this partnership," said Kevin "Coach K" Lee, Co-Founder, COO of QC.
