HYBE America, the US division of BTS-fronted South Korean entertainment company HYBE Labels, has officially acquired Quality Control (QC) Media Holdings, which is home to acts such as Migos, Lil Yachty, City Girls, Lil Baby and more.
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The agreement was reported by Variety yesterday (February 8) PT, which detailed that HYBE America has entered into an agreement with QC Media Holdings to merge and acquire the latter. Quality Control is an Atlanta-based hip-hop label covering music as well as sports, film and television. The company was first founded by CEO Pierre “P” Thomas and COO Kevin “Coach K” Lee.
Per Variety, HYBE America’s acquisition of Quality Control was valued at $320million in stock and cash and led by HYBE America CEO Scooter Braun. Braun’s relationship with both Lee and Thomas reportedly dates back to the early 2000s when Braun was still based in the Atlanta.
Welcome to HYBE family, QC Media Holdings!
HYBE will work together with QC Media Holdings to expand and diversify our footprint in the global music industry. pic.twitter.com/8ym86V2fAR
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