Abstract
- Scooter Braun has formally resigned as CEO of HYBE America to pursue new ventures, transitioning into an government advisory position
- Regardless of stepping down as CEO, Braun will stay a director on HYBE’s Board of Administrators and function a Senior Advisor to HYBE’s Chairman, Bang Si-Hyuk
In a major growth inside the international music and leisure trade, Scooter Braun has formally stepped down from his position as CEO of HYBE America, the U.S. subsidiary of the South Korean leisure large, HYBE. The announcement, made in the present day, indicators a strategic transition for Braun, who will now transfer into an government advisory position. This announcement comes a 12 months after Braun retired from artist administration.
Braun’s departure from the CEO place permits him to pursue new ventures, although he’ll keep an in depth relationship with HYBE. He’ll proceed to function a director on HYBE’s Board of Administrators and tackle the position of Senior Advisor to the Chairman and CEO of HYBE, Bang Si-Hyuk. This shift, in response to HYBE, allows Braun to discover “different areas of strategic focus whereas remaining intently concerned with HYBE’s long-term imaginative and prescient as one of many firm’s largest particular person shareholders.” HYBE chairman Bang Si-Hyuk stated, “Scooter has been a rare associate, a visionary government, and a real catalyst for cultural alternate. His contributions have been important in establishing our bold presence within the U.S. market. I’m deeply grateful for his management, his astute instincts, and his unwavering ardour for artists. We want him immense success in his thrilling subsequent chapter and look ahead to persevering with our partnership in executing HYBE’s international imaginative and prescient.”
Throughout his tenure as CEO of HYBE America, Braun performed a pivotal position in increasing the corporate’s presence within the U.S. market. His management noticed key acquisitions, together with the Atlanta rap powerhouse QC Media Holdings (High quality Management) in 2023 which options catalogs from Lil Child, Lil Yachty, Metropolis Ladies and early Migos. His time at HYBE additionally noticed him combine top-tier expertise and executives into the HYBE ecosystem. He additionally established the muse for HYBE America’s multi-label construction and mental property growth.
Isaac Lee, a seasoned leisure government who has been main HYBE Latin America as Chairman since November 2023, will succeed Braun as the brand new Chairman and CEO of HYBE America. Lee will now oversee main entities like BMLG (Huge Machine Label Group) in Nashville and QC Media Holdings in Atlanta, along with his continued management of HYBE’s Latin American operations.
In a press release, Braun expressed pleasure in his time at HYBE, calling it “one of the vital inspiring chapters of my skilled journey” and commending Chairman Bang as a “true visionary and a musical genius.” This management restructuring marks a brand new part for HYBE America because it continues its bold international growth.
