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Blockbuster entertainment, YG Entertainment, Universal Music Group, and Kiswe Mobile will launch a new live streaming platform ‘VenewLive‘ together.
Big Hit Entertainment announced on February 10 that YG Entertainment and Universal Music Group have decided to invest in KBYK live, which is a joint venture of Big Hit and Kiswe Mobile. Big Hit and Kiswe signed a Memorandum of Understanding (MOU) in May 2020 and established their joint venture KBYK Live in September of the same year. Since then, KBYK Live has been using its “ VenewLive ” live streaming platform for Big Hit artists, such as BTS‘online concerts’Bang Bang Con: the live‘and’BTS SOUL MAP ON: E“.
YG and UMG plan to develop the “VenewLive” platform as a platform for artists around the world with KBYK Live through their joint investments. “VenewLive” plans to feature various digital performance elements such as live chat and the purchase of official merchandise suitable for each artist and their fans in the future.
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