BTS agency Big Hit became major shareholder of K-pop company Recently after a series of expansions and recent changes to the South Korean company, Big Hit Entertainment, BTS and TXT announced on May 25, "It Pladis Entertainment has become the largest shareholder, including the K-pop boy bands Seventeen and NU, EST . ''

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According to Big Hit, the move has helped the company pursue its goal of developing its multi-label structure, establishing "a first-string boyband roster in South Korea". Big Hit, which was founded in 2005 by Bang Si-hyuk, has seen huge successes in recent years as BTS has become a unique global phenomenon. The move comes amid rumors of a big hit going public and an IPO in the coming months. The company says that "Pladys, which was founded in 2007 by CEO Han Sung Soo, will maintain the independence of its label despite the move receiving support from Big Hit. Its performers are expected to play a greater role in overseas markets based on Big Hit's global network and platform technologies, whose potential has been proven by the global success of BTS."

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In March, the first waves of the Pleadis takeover were felt when Seventeen was added to Big Hit's proprietary app Weavers. Han said, 'I am thrilled to join forces with Big Hit, a company that is leading the Korean entertainment industry.' Han further added, "This will mark the development opportunity for the label's artists and the entire staff members.  We will try our best to show that arrogant love fans have shown us more and more success for quality content and artists."

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