Entertainment News Briefs: HYBE Audits ‘NewJeans’ Label, JioCinema Cuts Subscription Prices, Taylor Swift Fans Flock to London Pub, and More
Record giant HYBE audits ‘NewJeans’ label as infighting returns to K-pop
In the world of K-pop, drama seems to be never-ending as South Korea’s largest music company, HYBE, is currently auditing the management of one of its labels, NewJeans. The reason behind this audit? Suspicions that the label is planning to break away from the company, adding to the long list of internal disputes within the industry.
HYBE is the powerhouse behind globally renowned groups like BTS and Seventeen, but even its success hasn’t shielded it from the infighting that seems to plague the K-pop scene. The news of the audit caused HYBE’s shares to drop nearly 8% on Monday, highlighting the seriousness of the situation.
Meanwhile, in India, the streaming war is heating up as JioCinema, run by Reliance Industries, has slashed its subscription prices to compete with giants like Netflix and Amazon Prime. With prices as low as 29 rupees ($0.3480) a month, JioCinema is making a bold move to capture a larger share of India’s $28-billion media and entertainment market.
On a lighter note, Taylor Swift fans are buzzing over a London pub, The Black Dog, which was mentioned in the singer’s latest album, “The Tortured Poets Department.” The pub has seen a surge in visitors since the album’s release, with fans eager to experience a piece of Taylor Swift’s world.
In the world of Hollywood, Silicon Valley and Tinseltown are colliding as David Ellison, son of billionaire Larry Ellison, makes a bid for Paramount Global. With a background in both technology and entertainment, Ellison’s bid could bring a fresh perspective to the storied studio.
And in the music world, Brazilian DJ Alok is blending modern electronic dance music with traditional indigenous songs from Brazil in his latest album, “The Future is Ancestral.” This unique fusion is a testament to the diversity and creativity in the music industry.
From Eurovision fever boosting travel to Sweden’s Malmo to young Russians embracing K-pop and anime, the entertainment world is alive with excitement and innovation. And with John Lennon’s lost 1960s acoustic guitar set to go up for auction, the legacy of music legends continues to captivate audiences around the globe.
