BTS is under the company HYBE Corporation, formerly known as Big Hit Entertainment. HYBE is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk. The company manages BTS and other popular K-pop acts like Tomorrow X Together and Seventeen. In 2021, HYBE merged with Scooter Brauns Ithaca Holdings in a $1 billion deal that places BTS in the same stable as heavyweights Justin Bieber and Ariana Grande. HYBE owns multiple subsidiary labels and management companies including Ithaca Holdings, boasting a range of artists including BTS, Ariana Grande, and Justin Bieber.