HYBE Signs $100M+ Global Distribution Deal with K Wave Media (KWM)

K Wave Media Ltd. (KWM) announces an exclusive global distribution agreement with HYBE covering video and merchandise for BTS, SEVENTEEN, LE SSERAFIM, and other HYBE artists, effective April 3, 2026. The deal targets annual revenue exceeding $100 million and adds commercial infrastructure to HYBE's global ARIRANG World Tour push. The announcement coincides with BTS performing at Goyang Stadium; analysts project the ARIRANG World Tour at approximately $1.45 billion in total revenue.