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The deal is part of Hybe’s push to develop wider international audiences and the company said it will establish a Latin American division for artist management and talent discovery with a focus on brining K-pop style artist development methods to other genres of music.<\/p>\n

Exile was founded in 2019 by Isaac Lee, and the company is a division of the private equity-backed Candle Media.<\/p>\n

Following the acquisition, Lee will serve as Chairman of the board for Hybe’s new Latin American division, the company said.<\/p>\n

The acquisition follows previous reports by Bloomberg that Hybe was gearing up for international acquisitions, as the company seeks to diversify beyond its K-Pop business.<\/p>\n","protected":false},"excerpt":{"rendered":"

SEOUL, South Korea (CelebrityAccess) — South Korean entertainment giant Hybe announced the acquisition of the Spanish language content company Exile Music, marking Hybe’s first foray into Latin America. 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