Scooter‘s Ithaca Holdings company just merged with BTS‘ management HYBE and his client list will become shareholders in the company.
Variety reports that 863,209 new shares in the company were issued and they are valued at $186 a share, which gives a total value of $160.5 million.
A filing related to the deal reads, “Scooter Braun, the largest shareholder of Ithaca Holdings, LLC, and Scott Borchetta, the major shareholder, share 25% of the trading proceeds received, while major artists and executives and employees (39) such as Justin Bieber and Ariana Grande receive their Bonus Shares. We plan to participate in the paid-in capital increase allocated to HYBE for 100% of HYBE’s (one year protection deposit), and we expect that we will be more active as a shareholder in the future.”
Click inside to find out how much money each artist is getting…
Keep scrolling to find out how much each artist is getting…
Justin Bieber – 53,557 shares ($9,961,602) Ariana Grande – 53,557 shares ($9,961,602) J Balvin – 21,423 shares ($3,984,678) Demi Lovato – 5,355 shares ($996,030) Carly Rae Jepsen – 535 shares ($99,510) Asher Roth – 535 shares ($99,510) SB projects president Allison Kaye – 26,778 shares ($4,980,708) SB Projects general manager Jen McDaniels – 10,771 shares ($1,992,246)
Other artists getting bonuses include Florida Georgia Line, Migos rapper Quavo, and producer Andrew Watt.