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Vlast CEO Dismisses Rumours Of HYBE Taking Over Plave Okay-pop Group


Printed By: Dishya Sharma

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The virtual K-pop band, Plave, made its debut in 2023. (Photo credits: Instagram)

The digital Okay-pop band, Plave, made its debut in 2023. (Picture credit: Instagram)

Vlast CEO Lee Sung-gu not too long ago spoke on a variety of matters together with the Plave’s future plans.

In view of the current speculations round HYBE taking up his firm, Lee Sung-gu, Vlast’s CEO, cleared the air and defined that each HYBE and YG Plus have invested small stakes to assist with Plave, the digital idol group’s enlargement plans. At a current press convention, Lee Sung-gu started by sharing the plan for the group’s enlargement into abroad markets and revealing the funding particulars. “I don’t know if will probably be this 12 months, however what the corporate is most centered on is Playve’s enlargement into abroad markets. We hope that it’s going to obtain lots of love not solely in Korea but in addition abroad, so we’re specializing in getting ready for that,” he stated.

Vlast CEO Dismisses Rumours Of HYBE Taking Over PLAVE

Dismissing rumours in regards to the digital Okay-pop boy group being taken over, Lee Sung-gu stated, “We obtained funding from HYBE and YG Plus. There have been rumours that HYBE would take over, however that’s not true. Each firms invested a small stake, and the aim of our funding was not as a result of we would have liked cash however as a result of we would have liked lots of assist in increasing abroad.”

He additional added that the funding would assist speed up PLAVE’s abroad enlargement and that the businesses are working exhausting to assist with the idol actions exterior Korea. “I can’t reveal the precise funding quantity as a result of I’ve not but obtained permission from the buyers,” he continued as quoted by the native media.

For the unversed, produced by Vlast, PLAVE is a digital Okay-pop group that marked its official debut in March 2023. It consists of 5 digital people together with Yejun, Noah, Bamby, Eunho, and Hamin. Sung-gu joined the corporate by means of open recruitment in 2002 and has labored in additional than 50 VFX tremendous works.

Vlast CEO Reveals The Secrets and techniques Of Plave’s Success

Throughout the press convention, Sung-gu credited a number of elements to the success of Plave. “After we give it some thought, there have been many individuals who made comparable makes an attempt since we had been getting ready to provide digital idols the 12 months earlier than final. There have been many alternative opinions, however we determined to get rid of humanists,” he stated.

He additionally recalled the primary solo fan live performance, Hi there, Asterum! that was held in April this 12 months, including that the variety of concurrent customers reached round 70,000. “I’m very happy with the live performance, and the members stated it was a extremely good efficiency, so I plan to proceed doing live shows,” he added.

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