SM Entertainment and television broadcaster MBC signed an agreement to cooperate on creating new content for the K-pop agency's virtual singer, naevis, the two companies said Thursday.

This makes Tencent the second largest shareholder of SM Entertainment following Kakao and Kakao Entertainment, which own 21.61 percent and 19.89 percent, respectively, for a total of 41 percent.

South Korea's Hybe (352820.KS) said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to ...

Together with SM, which has always supported and empowered us, we will continue to shape an even more remarkable future for TVXQ.” Yunho and Changmin debuted as members of TVXQ in 2003 and have ...

Tencent Music Entertainment Group, Tencent’s online music arm, will purchase Hybe’s 2.2 million shares in SM Entertainment for 243 billion won ($176.6 million), according to a Hybe corporate ...

SM Entertainment has become the second-largest shareholder of GREAT M Entertainment, the agency behind boy group 82MAJOR. On May 23, SM announced that it had signed a share transfer agreement and ...

SEOUL (Reuters) -China's Tencent Music is expected to become the second-largest shareholder of major K-pop agency SM Entertainment, according to a South Korean filing on Tuesday. South Korea's ...