How it started
History
2005–2021: Big Hit Entertainment Co., Ltd.
Big Hit Entertainment was founded on February 1, 2005, and signed the vocal trio 8Eight in 2007. In 2010, the company signed a contract with JYP Entertainment to jointly manage the boy group 2AM. That year, Bang Si-hyuk signed RM as the first member of BTS and launched nationwide auditions to recruit other members for the group. BTS made their debut under Big Hit on June 13, 2013.
In 2012, the company signed Lim Jeong-hee, and formed the girl group Glam as a collaboration with Source Music. The group was active until 2014, when it was disbanded due to legal actions against one of its members Kim Da-hee. Kim was sentenced to prison after being found guilty of blackmailing actor Lee Byung-hun.
Following the end of the joint contract between Big Hit and JYP in April 2014, three members of 2AM returned to JYP. Lee Chang-min remained with Big Hit to continue with his solo career and as part of the duo Homme. 8Eight disbanded later that year, after Baek Chan and Joo Hee's contracts with Big Hit ended.
In May 2015, Lim parted ways with the agency, following the expiration of her three-year contract, and Signal Entertainment Group, a KOSDAQ-listed company specializing in artist management and television production, acquired stakes in Big Hit through a ₩6 billion (US$5.24 million) convertible bond. In early 2016, Big Hit ended their stake relationship with Signal and made a full settlement of the bonds.
From Wikipedia’s article on Hybe, shared under CC BY-SA 4.0.2