Big Hit Entertainment, YG Entertainment, Universal Music Group, i Kiswe Mobile will launch a new live streaming platform ‘VenewLive‘together.
Big Hit Entertainment announced on February 10 that YG Entertainment and Universal Music Group decided to invest in it KBYK live, which is a joint corporation of Big Hit and Kiswe Mobile. Big Hit and Kiswe signed a Memorandum of Understanding (MOU) in May 2020 and established their joint venture KBYK Live in September of that year. Since then, KBYK Live has used its live streaming platform “VenewLive” for Big Hit artists, such as BTS‘online concerts’Bang Bang Con: The Live“i”BTS MAP OF THE SOUL: E‘.
YG and UMG plan to grow the “VenewLive” platform as a platform for artists from around the world along with KBYK Live through their joint investments. ‘VenewLive’ plans to showcase various elements of digital performance, such as live chats and the purchase of official products tailored to each artist and their fans in the future.