HYBE to discontinue acquisition of SM Entertainment after discussion with Kakao

The Red Hot Chili Peppers are officially back on tour and the beloved band just kicked off the next leg of their world tour.

Riley Keough, who began 2023 celebrating the awards season success of the biopic, but then shortly after dealt with the heartbreaking death of her mother, Lisa Marie Presley, and now is riding high on the success of her acclaimed Prime Video series, . However, the 33-year-old actress' grief over her mother's death has been complicated by budding legal drama between her and her grandmother, Priscilla Presley. In February, two weeks after Lisa Marie's death, Priscilla filed paperwork challenging a 2016 amendment to her daughter's will, which removed Priscilla and Lisa Marie's former business manager, Barry Siegel, as co-trustees and named Riley and her brother, Benjamin Keough, as the new co-trustees.

wcinkala pmc-editorial-manager Variety announced Thursday the programming for its second annual Miami Entertainment Town lunch, to be held on Thursday, April 13, in Miami. The event, in partnership with CN Bank, celebrates the growing entertainment and media industry based out of Miami and recognizes those profiled in Variety’s Miami Entertainment Impact Report. At the celebration, Ronald Day, President of Entertainment and Content Strategy for NBCUniversal Telemundo Enterprises, and Karen Barroeta, Executive Vice President of Production and Development Telemundo Global Studios, will participate in a keynote conversation with Rodrigo Nieto-Galvis, Entertainment Banking Team Leader at CN Bank Miami. The conversation will be centered around Telemundo’s strategy and around music and original programming based out of Miami.

Global brand events veteran Diana Ruiz has been named Executive Vice President, Experiences and Design at Fox Entertainment, the media company announced on Wednesday. She will report to Fox Entertainment and Fox Sports Chief Financial Officer, Jeff Acosta. “With more than 20 years in the global events arena, Diana possesses considerable, proven creativity, discipline and operational excellence,” said Acosta.

Geordie Shore icon Bethan Kershaw has quit the MTV series after growing apart from her fellow cast members, according to reports. Bethan joined the show during its 19th series in 2019 alongside cast members Chloe Ferry, Holly Hagan, Sam Gowland, Sophie Kasaei, Scott Timlin and a whole host of other regulars. After four years on the show, Bethan, 28, decided not to return with the rest of the cast after several on-screen fallings out.

Emily Ratajkowski is friends with Harry Styles’ ex Olivia Wilde, so it’s no surprise she wasn’t thrilled about the pair locking lips over the weekend.

Anderson .Paak aka DJ Pee .Wee is set to spin at the London Alley Playboy After Dark event at The London Alley Estate in Indio, California.Celebrities and influencers will be in attendance at the exclusive fête on April 13, to celebrate ’s 70th anniversary and kick off the 2023 Coachella festivities. London Alley, a creative production studio that has worked on music videos and projects with Ariana Grande, Doja Cat, The Weeknd, Bad Bunny, Post Malone and Lil Nas X, will bring the party to life, all while honoring the lifestyle brand’s iconic history. The event will take inspiration from Hugh Hefner’s 1969-1970 television talk show,, which was formatted like an iconic Playboy mansion cocktail party, with A-list guests including Fleetwood Mac, James Brown, Tina Turner and more.Beyond the rapper’s exclusive DJ set, attendees can expect surprise performances, immersive activations, giveaways, food from Verse LA, cocktails and more.The Playboy After Dark affair is invite only, and the exact address will be provided following an email confirmation.

Larsa Pippen is defending her hairstyle choices.

Patrick Frater Asia Bureau Chief Hybe Corp., the talent powerhouse behind K-pop sensation BTS, said on Friday that it will sell its share stake in agency rival SM Entertainment. The move would finalize Hybe’s admission of defeat in a dramatic takeover battle in which it was out-gunned by Korean tech leader Kakao Corp. Hybe initially bought a 14.8% stake in SM in February from SM’s founder and K-pop pioneer Lee Soo-man. Hybe expected to be able to buy the remaining 3% tranche held by Lee according to agreed conditions and then launched an open offer to other shareholders to buy a further 15%. But SM’s management opposed Hybe’s quasi-takeover and harnessed Kakao and its subsidiary Kakao Entertainment with a range of measures. These included a content distribution deal and the sale of newly issued shares and bonds to the Kakao pair.

Wynonna Judd is set to return to the CMT Music Awards stage, nearly one year after her and Naomi Judd‘s final performance together at last year’s show, which came just weeks before Naomi’s death.

Wynonna Judd is set to return to the CMT Music Awards stage, nearly one year after her and Naomi Judd's final performance together at last year's show, which came just weeks before Naomi's death.ET can exclusively reveal Judd will team up with recent tourmate Ashley McBryde for their debut television performance set to air live on April 2 on CBS from the Moody Center in Austin, Texas. Following Naomi's death last year, McBryde joined The Judds and they toured together as part of Wynonna's The Judds: The Final Tour, which continued as planned as a tribute to Naomi.Wynonna and McBryde recently kicked off the 2023 leg of the tour, which will also include Brandi Carlile, Kelsea Ballerini, Little Big Town and Tanya Tucker for select dates. Naomi and Wynonna brought down the house at last year's CMT Awards with an unforgettable performance, which also marked their triumphant TV return after more than 20 years.

Respawn Entertainment is opening a third studio to support the development of Apex Legends, weeks after parent company EA laid off over 200 of the game’s testers.Respawn’s third studio will be located in Madison, Wisconsin, and will initially support the company’s battle royale shooter Apex Legends.As reported by GamesIndustry.biz, the studio will be led by Ryan Burnett, who previously worked as Epic Games‘ director of engine production and, prior to that, worked at Call Of Duty developer Raven Software for 14 years.“Wisconsin is quickly becoming a central development hub here,” Burnett told GamesIndustry.biz.

HYBE founder Bang Si-hyuk has opened up about its battle against Kakao to acquire shares of K-pop agency SM Entertainment.Today (March 15), Bang delivered a keynote speech at the Gwanhun Forum, hosted by the Gwanhun Club, an association of senior journalists in Korea. Held at the Korean Press Center in Seoul, South Korea, the forum provided attendees the opportunity to gain insight into Bang and HYBE’s vision of the K-pop industry.During a Q&A session at the event, Bang opened up about HYBE’s recent attempt to acquire SM Entertainment, and its battle against South Korean internet giant Kakao over the K-pop agency.

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Patrick Frater Asia Bureau Chief Korean tech giant Kakao has gained the upper hand in the battle for control of K-pop agency SM Entertainment, after HYBE Corp., the firm behind music idols BTS, said Sunday that it had called off its takeover bid. SM is the second largest talent Korean music talent firm and is behind music acts including Super M, Aespa, BoA and Red Velvet, Girls’ Generation, H.O.T., EXO, Super Junior, SHINee and NCT Dream. HYBE said on Sunday that it will “discontinue the acquisition process […] after observing that the market has been showing signs of overheating due to competition with both Kakao and Kakao Entertainment,” something that it said could “damage shareholder value.”

American music star Chris Brown is entertaining thousands of fans in Manchester this week at his three huge AO Arena gigs. And after the opening night show on Thursday, he decided to continue the party at one of the city's swankiest celeb haunts.

She was the mediator. Prior to Lisa Marie Presley‘s death, Riley Keough served as the go-between for her mom and grandma Priscilla Presley.

K-pop agency SM Entertainment has released a statement in support of internet giant Kakao’s tender offer to buy a large stake in the company.Yesterday (April 7), Kakao – which currently holds 4.9 per cent of the SM Entertainment – announced a tender offer to buy up to 35 per cent of the company for ₩150,000 per share. If successful, this bid would make Kakao the largest shareholder of the K-pop agency, over BTS label HYBE, which has acquired nearly 16 per cent of SM.Soon after Kakao’s announcement, SM Entertainment released a statement signalling support for the deal, citing “[Kakao’s] respect [for] the current management’s efforts to address factors that have hindered SM Entertainment’s growth”, according to CNN.In the statement, SM Entertainment also said that the Kakao deal would “ensure autonomous and independent management of the company, as well as the continuous and independent activities of SM artists”, per Yonhap News Agency.“Unlike HYBE seeking to take over SM’s board of directors through a hostile merger and acquisition, Kakao is the best horizontal and strategic partner for the successful implementation of the ‘SM 3.0’ vision as it respects SM’s own tradition and identity,” the statement reportedly said.Following Kakao’s tender offer yesterday, shares of SM Entertainment jumped 15.07 per cent to close at ₩149,700.

Shamier Anderson reveals what it was like beating up Canadian royal and legend, Keanu Reeves, in “John Wick: Chapter 4” in a new interview with ET Canada.

K-pop agency SM Entertainment, escalating its battle against BTS label HYBE.Kakao and its subsidiary Kakao Entertainment said today (March 7) in a regulatory filing that it is tendering an offer to buy up to 35 per cent of SM Entertainment for ₩150,000 per share – a 25 per cent hike over HYBE’s own bid last month. If successful, the offer could see Kakao own nearly 40 per cent of the entertainment agency, up from its current 4.9 per cent stake.“With the direction of the three companies’s growth facing a threat, Kakao decided it is inevitable to secure the largest shareholder position to protect the partnership with SM Entertainment,” Kakao said in a statement, per Reuters, adding that the bid is to ensure stable management at the music label.Kakao’s new offer sent SM Entertainment shares soaring 14 per cent to ₩148,500 today, according to Reuters.