Big Hit, YG, UMG to develop joint streaming platform

Universal Music Group (UMG) and YG Entertainment are investing in VenewLive - a joint venture set up by Big Hit Entertainment - to nurture the new steaming platform in an effort to reach more people around the world. Big Hit, the agency that represents BTS, announced Wednesday that YG and UMG have decided to invest in KBYK Live, a company established last May by Big Hit and Kiswe, a U.S. streaming service startup.

source https://www.koreatimes.co.kr/www/nation/2021/02/732_303919.html?fl

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