On July 29, Big Hit Entertainment acquired the GFriend’s label Source Music, now it looks like they could be acquiring another label in the near future. Big Hit is under negotiation of acquiring another label that has a popular boy group.
Negotiation between both side is said to be completed, but the agency has not made any official statement. It is due to some last-minute contract mediations taking place. The acquisition will be completed at the latest in 2020.