Scooter Braun has hit the news yet again as he managed to join hands with HYBE. Scooter Braun’s recording company has reportedly signed a deal with HYBE! HYBE is also known as BigHit Entertainment and is known to be BTS’ label. Scooter Braun has some other famous pop stars as his client. This includes Justin Bieber, Ariana Grande and Demi Lovato among others.
According to the new reports released by Variety, this new merger between HYBE and Ithaca Holdings Company (Scooter Braun’s recording company) will highly benefit some longtime clients of Scooter Braun. Reports have flown which state that after the deal, around 863,209 shares were put up in the market! Each share was valued at USD 186 which brings the total amount to a whopping USD 160.5 Million.
Out of this, around USD 50 million will be received by Scooter Braun’s pop star clients and longtime employees. They stand to gain a good amount of money from the deal.
Previously, Scooter Braun appeared in the news after Taylor Swift called him out for selling her albums without her consent. He sold 6 of her albums to Shamrock Capital Content Fund without her allowance. This deal was worth around USD 300 million.
