LABEL BEHIND BTS SET TO START A LABEL SERVICES BUSINESS IN THE US? | VALHOLLA NOW RADIO | EP1 (PT3)

HYBE is starting a label service and here's why I think there's very little chance for new players to enter this sector.
"The South Korean music power that is home to BTS and SEVENTEEN has revealed that it is entering the fiercely competitive and highly profitable label services sector. The company has announced its new initiative christened HYBE 2.0 and the appointment of a new CEO, Jason Jaesang Lee, who would be succeeding the former CEO, Jiwon Park.
Launching Label Services in the U.S.
HYBE, which generated revenue of $1.66 billion last year, is pushing into the U.S. label services business through its HYBE AMERICA division, led by CEO Scooter Braun. The company will create a new division to provide labels and artists with end-to-end solutions in distribution, marketing, and promotion."