Big Hit Entertainment, Home of BTS, and Universal Music Unveil Expanded Partnership, Including New Label

Big Hit Entertainment, the South Korean company that brought BTS to the world, and Universal Music Group today announced an expanded strategic partnership that will see the two companies working together to “increase opportunities for artists through innovation and technology, whilst expanding the global reach of K-pop music and culture around the world,” according the announcement. The partnership includes a newly created label that will operate from Los Angeles and will work closely alongside teams from Big Hit America, Geffen Records and UMG to launch this project.

Artists on UMG — the world’s largest music company — will explore enhanced “direct to fan” communications through Big Hit’s Weverse, a community-based platform that allows loyal artist fans to engage and interact, see and hear new content and purchase new products. Weverse is already being utilized by UMG artists Gracie Abrams, New Hope Club and Alexander 23, with Yungblud amongst the

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Global Payments Gains on Expanded Use of Electronic Payments

Global Payments Inc. GPN is set to grow in the long run on the back of increased global consumption and an uptrend in electronic payments as well as integrated payments.

The company’s intensified focus on strengthening its software-driven payments makes it stand out in the industry. Ongoing investments in technology led to the transition in the company’s business mix toward technology enablement, which is expected to represent 60% of its revenues (up from 30% in 2015) and fuel significant growth by the end of 2020 with a balanced portfolio across owned SaS, partnered software, and e-commerce and omnichannel assets.

The acquisitions of APT in 2012, PayPros in 2014 and Heartland in 2016 also expanded the company’s technology platform. Its open software arm was further extended by the buyouts of AdvancedMD and SICOM. Global Payments’ robust technology solutions will continue to set its class apart in the marketplace and position it

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