HYBE Chairman Bang Si-hyuk and HYBE America CEO Scooter Braun have been included in Billboard’s 2024 Power 100 List, showcasing their significant influence in the music industry. Additionally, five other HYBE executives and label affiliates have been recognized, among them Scott Borchetta, CEO of the Big Machine label group under HYBE America, Pierre ‘P’ Thomas, QC Media Holdings CEO, and Kevin ‘Coach K’ Lee, QC Media Holdings COO, underscoring HYBE’s formidable presence in the global music scene.
Billboard, an esteemed American music publication, unveiled its 2024 Power 100 list on Jan. 31 (local time), through its official website. This annual list highlights the most influential individuals in the worldwide music industry. Both Bang Si-hyuk and Scooter Braun were ranked together at number 18 in the “Leaderboard” category, which celebrates 40 industry leaders who have significantly advanced their companies and the music industry at large.
This marks the fourth occasion Chairman Bang has been featured on the Power List, with previous recognitions in 2020, 2022, and 2023. Notably, he received the Clive Davis Visionary Award last year, acknowledging his contributions to the evolution and growth of the music industry. For CEO Scooter Braun, this is the 10th acknowledgment on the list.
The 2024 Billboard Power 100 list gathers some of the most prominent figures in the music industry, including Taylor Swift, Universal Music Group CEO Lucian Grainge, and Sony Music Group Chairman Rob Stringer.
“2023 was the year that the K-pop genre solidified its place on the global business stage,” Billboard remarked, highlighting HYBE’S exponential growth. The publication detailed HYBE’s strategic expansions, including the acquisition of Atlanta-based hip-hop label Quality Control and the foray into the burgeoning Latin music scene through the purchase of Exile Music Group and the establishment of HYBE Latin America.
Billboard further emphasized the worldwide impact of HYBE’s artists, noting the continued success of K-pop on a global scale. Noteworthy achievements include BTS member Jung Kook’s “Seven” topping the Billboard Hot 100, Seventeen’s albums “FML” and “SEVENTEENTH HEAVEN” reaching No. 2 on the Billboard 200, over four million copies sold of Enhypen’s “Orange Blood” album, and NewJeans’ multiple Hot 100 hits and Billboard Music Awards recognitions.
Additionally, Billboard highlighted HYBE’s venture into the U.S. market through a collaboration with Universal Music Group’s Geffen Records, resulting in the formation of the international girl group KATSEYE. “This venture represents our effort to introduce the K-pop system, particularly its training, development, and production models, to a global audience,” Chairman Bang Si-hyuk commented regarding the debut project of the global girl group.
In another significant achievement, Big Machine Label Group CEO Scott Borchetta, alongside Chairman Bang Si-hyuk and CEO Scooter Braun, secured second place in the multi-sector category, celebrated for the accomplishments of their artists Thomas Rhett and Carly Pearce. Additionally, QC Media Holdings’ CEO Pierre “P” Thomas and COO Kevin “Coach K” Lee were ranked 14th in the label category, with their roster of artists including Quavo, Lil Baby, Lil Yachty, and City Girls making notable contributions.
