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International Business Times UK
International Business Times UK
Entertainment
J. Alas

Did HYBE Steal from BTS To Pay Off Scooter Braun's Debt?

HYBE faces renewed scrutiny after reports allege BTS-generated revenue helped settle debt linked to Scooter Braun’s Ithaca Holdings acquisition deal. (Credit: BTS Official Facebook)

HYBE is a South Korean entertainment company best known for managing and producing global music acts, particularly in the K-pop industry. It was founded in 2005 as Big Hit Entertainment and later rebranded as HYBE in 2021, and is the home of internationally acclaimed KPop group BTS.

Recently HYBE returned to the headlines after they were accused of using BTS' funds to pay off Scooter Braun's debts after acquiring Ithaca Holdings.

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