Hybe South Korean music giant has acquired Atlanta QC Media Holdings, the parent company of hip-hop label Quality Control Music, home to Migos, Lil Yachty,Lil Baby and City Girls.
The deal is worth approximately $300 million, with Hybe paying a $250 million purchase price for QC, and issuing $50 million in new stock to QC’s owners Kevin “Coach K” Lee and Pierre “P” Thomas.
Who owns Quality Control Music?
HYBE America
Founded in 2013, Quality Control will fall under the HYBE America umbrella and the leadership of its CEO, Scooter Braun. HYBE America encapsulates SB Projects, as well as Big Machine Label Group, which HYBE obtained through its 2021 acquisition of Braun’s Ithaca Holdings.14 hours ago
.