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Scooter Braun has stepped away from his position as CEO of HYBE America.
In line with the official announcement on Tuesday (July 1), the exec will pursue new ventures, whereas taking over an govt advisory position as a director of HYBE’s Board of Administrators and Senior Advisor to the Chairman and CEO of HYBE.
Isaac Lee, described as “a seasoned leisure govt” who has been main HYBE Latin America as Chairman since November of 2023, will turn into Chairman and CEO of HYBE Americas.
Lee can have oversight of BMLG (Huge Machine Label Group) in Nashville and QC Media Holdings in Atlanta, in addition to remaining as Chairman of HYBE’s Latin American operations in Mexico, Miami, and Medellin.
In line with the official announcement, Braun will formally hand over his day-to-day duties to Isaac Lee whereas persevering with to assist HYBE’s enterprise technique and key decision-making “from a board-level perspective”.
The press launch added that this shift will “enable Braun to pursue different areas of strategic focus whereas remaining carefully concerned with HYBE’s long-term imaginative and prescient as one of many firm’s largest particular person shareholders”.
“Scooter has been a rare companion, a visionary govt, and a real catalyst for cultural trade,” mentioned Bang Si-Hyuk, Chairman of HYBE.
“Scooter has been a rare companion, a visionary govt, and a real catalyst for cultural trade.”
Bang Si-Hyuk, HYBE
Added Bang Si-Hyuk: “His contributions have been important in establishing our formidable presence within the US market. I’m deeply grateful for his management, his astute instincts, and his unwavering ardour for artists.
“We want him immense success in his thrilling subsequent chapter and stay up for persevering with our partnership in executing HYBE’s international imaginative and prescient.”
Braun’s transition from full-time artist administration started in June 2021, following the strategic acquisition of his firm, Ithaca Holdings, by South Korean leisure powerhouse, HYBE.
The whole lot of Ithaca, together with BMLG and Braun’s SB Tasks, was acquired by HYBE in a $1.05 billion deal.
“Being part of HYBE and witnessing its outstanding development has been some of the inspiring chapters of my skilled journey.”
Scooter Braun
“Being part of HYBE and witnessing its outstanding development has been some of the inspiring chapters of my skilled journey,” mentioned Scooter Braun.
“Chairman Bang is a real visionary and a musical genius. What he has constructed with HYBE is unparalleled. I’m extremely pleased with our collective accomplishments and stay up for supporting Chairman Bang and CEO Jason Jaesang Lee of their continued success as I step into what’s subsequent.”
In line with the announcement issued on Tuesday (July 1), throughout his tenure as HYBE America CEO, Braun “supplied key steering for vital US acquisitions, seamlessly built-in top-tier expertise and executives into the HYBE ecosystem, and established the muse for the corporate’s multi-label construction and IP-driven technique throughout the Western market”.
Elsewhere at HYBE America, the corporate not too long ago acquired Confirmed360, a Santa Monica-based ‘occasions concierge’ firm Confirmed360, which has been linked to arranging VIP experiences at concert events by superstars from Taylor Swift to Justin Timberlake.
In September, it was reported that HYBE had acquired US public relations company, The Company Group PR LCC.
Braun initially gained prominence by his work managing artists akin to Justin Bieber, Ariana Grande, J Balvin, Demi Lovato, The Child LAROI, and extra.Music Enterprise Worldwide
