Quality Control, Atlanta Rap Powerhouse, Sells to Scooter Braun’s Hybe [The New York Times]
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Source: The New York Times
Quality Control Music, the Atlanta rap label that isone of the hottest hit machines in contemporary musicThe acquisition is the first major step taken by Braun — who manages pop stars like Justin Bieber, Ariana Grande and Demi Lovato — since he became the sole chief executive of Hybe America last month. The company is a division of the South Korean entertainment firm Hybe, which dominates the K-pop world through itsmanagement of the superstar group BTSThe transaction was announced late Wednesday by Hybe America and QC Media Holdings, the label’s parent entity. The purchase price was not disclosed, but is estimated at around $300 million.“QC is one of the most significant independent labels in the world,” Braun said in a statement to The New York Times. “They not only distribute music, but they also distribute culture. Their artists are the voices of their communities.”The deal takes off the table one of the most coveted independent labels in music and expands the global repertoire of
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