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Scooter Braun Steps Down as CEO of HYBE America
Scooter Braun will step down from his role as CEO of HYBE America and will move into a consulting role.
Braun was one of the most powerful artist managers in the music industry, but he became the object of Taylor Swift’s ire in 2018 after he acquired Big Machine Label Group and, with it, the rights to her first six albums. The Seoul Southern District Prosecutors’ Office is looking into allegations that a former HYBE executive illegally earned profits of up to $176,500 dollars (240 million won) through stock trading using insider information, per The Korea Times. Elsewhere, reports of unlawful conduct at the hands of HYBE’s Founder and Chairman, Bang Si-hyuk, surfaced in December on account of the executive being monitored by Korea’s Financial Services Supervisors.
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