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Big Hit Entertainment has acquired Source Music
On July 9, Big Hit confirmed the news posting an article talking more in-depth about the acquisition. In a statement, the company said, "A contract for the acquisition of Source Music's shares has recently been finalized and the company will join Big Hit as a subsidiary. Source Music's management team will remain at the helm in order to maintain the label's independence and unique colors." 
Bang Sihyuk shared, "A shared philosophy behind artist promotion and management was the main driver that brought Big Hit and Source Music together. Since we know each other so well, we expect the acquisition to be a success. I'm pleased that both companies can now begin painting an even bigger picture." 
Source Music CEO So Sung Jin also talked about the acquisition, "I am thrilled that Source Music has joined Big Hit. I believe this to be a prime opportunity for achieving the next level of excellence for the artists, trainees and members of the label. Big Hit's track record of creating global artists quickly and expertly sets a solid foundation for Source Music. … We will strive to provide even more amazing content to our fans through this organic relationship with Big Hit."

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