Big Hit takes over music label of K-pop girl band GFriend

Big Hit Entertainment, the management agency of K-pop super band BTS, has taken over a medium-sized talent agency that is home to popular girl band GFriend, Big Hit said Monday. "Having recently completed its contract to take over shares of Source Music, Big Hit will integrate (the company) as its subsidiary," Big Hit said in a press release. "Source Music plans to retain its current management to operate with its own color and independence as a music label," it said. The takeover is the latest move by Big Hit to diversify and expand its business portfolio. Earlier this month, the company announced that it will relocate to a new, spacious 19-story building in Seoul's Yongsan ...

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