THEBLACKLABEL, the music label led by producer Teddy, has secured a major round of funding, cementing its position as a global K-pop label.
The company said Wednesday that it successfully closed its Series B funding round on the 20th. Tencent Music Entertainment Group and Krafton (259960.KS) participated as core investors in the round. Existing shareholders, including early investor Saehan Venture Capital, also joined the follow-on investment, citing high expectations for THEBLACKLABEL's future growth potential.
"This Series B funding will serve as a powerful stepping stone for THEBLACKLABEL to leap into a comprehensive entertainment company leading the global market by strengthening our existing capabilities," said Jung Kyung-in, CEO of THEBLACKLABEL.
THEBLACKLABEL's rapid growth is backed by its unrivaled ability to develop new intellectual property (IP) and a robust artist lineup. Under the leadership of executive producer Teddy, who has shaped the legacies of global K-pop acts including Big Bang, 2NE1, and BLACKPINK, the label now houses an extensive roster of artists with global reach, including Rosé, Taeyang, and Jeon Somi, as well as actors Park Bo-gum and Im Si-wan.
The label has proven its capacity to discover and develop new talent through the successful debut of girl group MEOVV in 2024, followed by the debut of co-ed group ALLDAY PROJECT in 2025. It also reaffirmed its influence in the global music market by overseeing the production of the original soundtrack (OST) for the global animated film "K-pop Demon Hunters," which created a worldwide sensation last year by sweeping the Grammy, Oscar, and Golden Globe awards.
These achievements have translated into financial growth. THEBLACKLABEL's revenue rose sharply from 39.3 billion won in 2023 to 42.3 billion won in 2024, before reaching 73.8 billion won last year, marking explosive year-on-year growth.
Expectations are also high for synergies with the new investors as the label expands into global markets. Through its partnership with Tencent Music Entertainment Group, which operates China's largest music and audio entertainment platform, THEBLACKLABEL plans to accelerate its push into the Asian and global music and concert markets. Its collaboration with Krafton is expected to drive a multi-faceted content fusion business that crosses the boundaries of music, video, and games, raising anticipation for the label's next moves.
