In a significant recognition of leadership in the global music industry, five executives from HYBE have made it to the ‘2025 Billboard Global Power Players’ list. This announcement, made by Billboard on May 19, 2023, highlights influential figures in music beyond the U.S. It underscores the growing impact of Korean entertainment worldwide.
Among those honored is Bang SiHyuk, Chairman of HYBE, recognized for the fourth time. He is joined by notable executives like Lee JaeSang, CEO; Ka JongHyun, CEO of HYBE Latin America; Shin YoungJae, APAC Head of HYBE Music Group; and Oh YuJin, Head of HYBE 360.
Bang SiHyuk’s consistent presence on this list shows his key role in transforming HYBE into a global powerhouse. The company boasts an impressive roster of artists, including BTS, TOMORROW X TOGETHER, and NewJeans. The recognition of Lee JaeSang and Ka JongHyun as first-time honorees reflects the fresh leadership driving HYBE’s innovative strategies. Notably, Shin YoungJae and Oh YuJin’s consecutive years on the list indicate their sustained contributions to the company’s success.
Billboard recognized HYBE for its recent technological advancements. This includes the acquisition of AI audio company Supertone. This strategic move aims to enhance concert experiences and expand the global reach of its artists. The integration of AI technology, including the ability to pronounce in multiple languages, allows for better engagement with international audiences. This exemplifies HYBE’s commitment to innovation and sets a standard for how technology can be leveraged in the music industry.
However, amidst these accolades, Lee JaeSang has voiced concerns regarding the music industry’s valuation. He argues that streaming revenue is significantly lower compared to other entertainment sectors. This disparity raises questions about the sustainability of the industry and fair compensation for creators and staff. Lee emphasizes that the future of the music industry hinges on responsibly applying technology, balancing artist welfare with equitable practices.
As the music industry continues to evolve, the recognition of HYBE’s executives in Billboard’s Global Power Players list serves as a testament to their influence. Their leadership shapes the future of HYBE and sets a standard for the industry. This reflects the potential for innovation and collaboration in an ever-changing global music landscape.
Key Highlights:
- HYBE Executives Honored: Five leaders recognized in Billboard’s list.
- Bang SiHyuk’s Influence: His role in HYBE’s global success.
- Technological Advancements: AI integration enhancing artist experiences.
- Industry Concerns: Streaming revenue disparities and artist welfare.
Conclusion
The recognition of these executives highlights their achievements and emphasizes ongoing changes within the global music ecosystem. As HYBE continues to innovate, it sets a benchmark for the future of the music industry. Looking ahead, the integration of AI and technology will likely shape music creation and distribution, keeping HYBE at the forefront of innovation.
This article has been written by Kpopmap AI writer and while we have made efforts to ensure the accuracy of the article, there may be errors or inaccuracies.