HYBE, a global entertainment lifestyle platform company, agreed to acquire QC Media Holdings, a hip-hop label. Financial terms were not disclosed. "I am so proud and honored to have Coach and P join Bang and myself as our partners. QC is one of the most significant independent labels in the world, working with incredible artists who are, and remain to be, the voices of culture. I'll never forget riding around Atlanta over 20 years ago with Coach discussing our dreams and ambitions and how we said: 'If they let us in the game, we are never going to give it back'. Now, all these years later, we are joining forces to make these dreams a reality. It's important to my team and me that P and Coach continue to have the freedom, and now our global resources, to continue to do what they do best; facilitate and nurture great art and culture," Scooter Braun, HYBE America CEO.