Yung Lan, a songwriter/producer who has worked with chart-topping artists including Morgan Wallen, Roddy Ricch and Youngboy Never Broke Again, has sold a portion of his publishing rights to GoldState Music in a mid-seven-figure agreement. So how did the young hitmaker (born Milan Modi) land such a rich deal so early in his trajectory?

“Despite his relatively young career, he has built up and managed a catalog of successful work across genres,” Yonas Aregai, chief of staff at GoldState, tells Billboard. “The appeal was the quality of music.”

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GoldState, which was launched by Charles Goldstuck three years ago, and in April secured $500 million in financing to grow its music portfolio, says it acquired Lan’s publishing rights to songs including Wallen’s “Cowgirls,” a 2023 single with Ernest that hit No. 1 on Billboard’s Country Airplay chart; Fetty Wap’s “RGF Island”; and “Bacc Seat” by Roddy Ricch featuring Ty Dolla $ign, off Ricch’s Billboard 200 chart-topping debut album Please Excuse Me for Being Antisocial.

Outside of the Lan acquisition, GoldState owns rights to notable tracks including Kanye West’s “Flashing Lights,” Sheryl Crow’s “If It Makes You Happy” and Panic! At The Disco’s “I Write Sins Not Tragedies” — all included in catalogs it acquired from Catchpoint Partners and AMR Songs. But the firm also targets deals like the one with Lan that fit within “a sweet spot,” Aregai says: active music creators selling off a portion of their recent repertoire. He adds that creators who sell rights to their older songs during a fruitful career period can earn a something of a premium for their works because “when that artist has a new hit, we know from streaming behavior their back catalog benefits.”

There is evidence of that for “Cowgirls” and another Wallen track that Lan co-wrote, 2023’s “Good Girl Gone Missin,’” both of which experienced a pickup in streaming in March and April ahead of the release of Wallen’s fourth studio album, I’m the Problem, in May, according to data from Luminate.

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For Lan, who emerged from humble roots as a teenage Kanye West fan in rural Virginia, it took observing professional friends and collaborators selling their publishing rights to do it himself.

“I just preferred to do that instead of the long wait,” Lan tells Billboard, referring to the publishing royalty payments that “fluctuate each year” and often take more than a year to receive. “I would rather hold on to my masters. I’m at the peak of my career, and I’m not slowing down anytime soon.”

Preparation for the deal began a year in advance and involved getting an independent valuation, says Ruchir Mohan of 1916 Enterprises, who helped broker the agreement alongside Ploegsma & Shulman lawyer Ben Cline.

Lan — an active investor in Atlanta real estate, private lending and French bulldogs who also has his own studio, Defiant Studios, and production group, Milan Production Group — had kept close track of his publishing rights and the dates when they would revert to him. When those dates approached, his team proactively contacted lawyers to reclaim those rights, Ruchir says.

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“The kind of work he and his team did up front before going to the marketplace, that adds to a catalog’s price point,” says Aregai.

After an introduction was made by Goldstate’s lawyer at Fox Rothschild, Mohan, Lan and Goldstate were able to reach an agreement in six months, says Aregai, adding it is one of the “easiest deals” he’s ever done.

Lan is happy with the outcome and is looking to relocate his Defiant Studios — which is currently located in Richmond, Va. — to Atlanta or Nashville.

“At this point in my career, I’m interested in developing new talent, developing [Milan Production Group] and a lot more No. 1 records. That’s for sure,” Lan says.

SM Entertainment’s consolidated revenue jumped 19.3% to 302.9 billion KRW ($216.5 million) in the second quarter, the company announced Wednesday (Aug. 6). 

Driven by a 1.9 million-unit increase in new album sales, album and digital music revenue of 99.0 billion KRW ($70.8 million) was up 37.9% from the prior-year period. RIIZE’s Odyssey sold 1.93 million units, NCT WISH’s The 2nd Mini Album sold 1.34 million copies and aespa’s “Dirty Work” single sold 900,000 units. In total, SM Entertainment’s new release sales totaled 5.79 million units in the quarter. 

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Concert revenue of 33.6 billion KRW ($24.0 million) was down 1.9% year over year. The SMTOWN 30th anniversary concerts were held in London, Los Angeles and Mexico City. TVXQ! hosted three concerts at the Tokyo Dome. NCT 127 performed six times in Japan and Macau. Ten performed 15 concerts, NCT WISH had 10 performances and SHINee held three concerts. 

Merchandise and licensing revenue rose 39.6% to 63.9 billion KRW ($45.7 million). The company attributed the increase to concert merchandise sales, an NCT WISH exhibition pop-up sale and a RIIZE character pop-up event. 

Operating profit — sales minus cost of sales and operating expenses — rose 47.3% to 114.5 billion KRW ($101.1 million). Net income nearly tripled to 30.9 billion KRW ($22.1 million). 

“Moving forward, SM Entertainment remains committed to sustainable growth, not by focusing solely on short-term earnings, but by leveraging the structural competitiveness of our IP and building sustainable revenue models,” CEO Cheol-hyuk Jang said in a statement. “We will continue to strengthen our IP portfolio across generations by establishing a virtuous cycle in which long-standing IPs generate stable profits while newer IPs realize their growth potential through performance-based results.”

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Revenue from SM Entertainment’s subsidiaries grew 25.4% to 141.5 billion KRW ($101 million). SM Entertainment Japan rose 38.6% to 26.0 billion KRW ($18.6 million). SM Culture & Concerts, an advertising and talent agency, fell 24.2% to 21.1 billion KRW ($15.1 million). SM Brand Marketing rose 38.2% to 19.5 billion KRW ($13.9 million) due to an increase in album and merchandise sales. DREAM MAKER, a subsidiary focused on concerts and live events, rose 99% to 14.9 billion KRW ($10.6 million) from concerts by SHINee and NCT 127. KEYEAST, a talent management agency, fell 81.7% to 3.0 billion KRW ($2.1 million) due to fewer drama broadcasts. 

SM Entertainment has a busy release schedule in the second half of the year. Two major albums were released in July: SUPER JUNIOR’s 12th album, released in connection with the group’s 20th anniversary, NCT DREAM’s fifth album, Go Back to the Future. Other releases in the third quarter include mini-albums from aespa and NCT WISH. In the fourth quarter, SM Entertainment will have an album by Taeyeon, a single from RIIZE and mini-albums from NCT DREAM, WayV and Hearts2Hearts. 

The back half of the year’s touring schedule includes tours by RIIZE, NCT DREAM, WayV, aespa, RIIZE and SUPER JUNIOR. 

MGK pays no mind to the people who would gladly purchase tickets to his downfall, as the musician born Colson Baker — and formerly known as Machine Gun Kelly — has revealed that he thinks his haters are merely “conformists” who can’t think for themselves.

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In an interview with People published Wednesday (Aug. 6) ahead of his new album Lost Americana, MGK opened up about why he isn’t bothered by his critics. “The hate for me has become so pop culture that it’s almost like that’s automatically what you say to fit in,” he told the publication.

“That s–t doesn’t even mean anything to me,” he continued. “I’ve let it go completely to where I’m like, ‘Oh, that’s a joke.’ I’ve realized they’re the conformists — you don’t even hate me for a reason that you can actually think of, because all I do is entertain, and entertainment can’t be that serious.”

The rapper-turned-rocker went on to note that most of the hate he gets comes from men. “I think men let their insecurity rule their entirety,” he mused. “I think to them, they’re like, ‘He’s supposed to be like this, because this is this carnal, archaic way of what men are …’ I’m like, ‘Look, we can be protectors and all these other things that we’re supposed to be, and also be expressive and vulnerable and emotional, and we can dress how we want, look how we want.’”

The interview comes just two days before Lost Americana is set to arrive, with MGK appearing to embrace a rootsier musical sound on the LP after previously cutting his teeth on rap music before pivoting to punk rock on albums Tickets to My Downfall and Mainstream Sellout. To promote the record, the Cleveland-bred musician enlisted one of Americana’s biggest heroes, Bob Dylan, to narrate a trailer that dropped in June.

At the time, it was unclear whether it was actually Dylan’s voice in MGK’s video — but on a recent late-night appearance, the latter confirmed that it was authentic. “To be honest, I have no idea how he even knows who I am to this day,” MGK said on The Tonight Show on Monday (Aug. 4). “Something’s going on in the stars where, like, good things keep happening … I don’t know how it keeps happening.”

MGK’s experimentation with various genres over the course of his career is one of several reasons why he thinks certain people hate him without actual cause. But as he said to People, he just doesn’t care: “I became so hated for, what has become apparent to me, no reason … just because I artistically express myself, through fashion, music, whatever.”

He added, “I choose to not stay contained into a societal box.”

A$AP Rocky’s adding to his acting lore, as he’s set to star alongside Rose Byrne in A24’s If I Had Legs I’d Kick You movie. The Mary Bronstein-directed dramedy released a trailer on Wednesday (Aug. 6), which finds Byrne playing a mother, who works as a psychotherapist, in the midst of crashing out. Conan O’Brien, Christian Slater and Danielle Macdonald are among those filling out the cast.

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“With her life literally crashing down around her, Linda attempts to navigate her child’s mysterious illness, her absent husband, a missing person and an increasingly hostile relationship with her therapist,” reads a logline for the film.

As for Rocky, he’s in the role of a character named James, who appears to be a neighbor who might know a little too much and is looking for a partner-in-crime to get into some mischievous activities. “Yo, crazy pants, I was gonna partake in surfing the web for some things that I’m into,” the rapper deviously says in the clip.

If I Had Legs I’d Kick You is slated to hit theaters on Oct. 10. The movie was the darling of Sundance Film Festival, where it premiered, and Rose Byrne won the Silver Bear for best lead performance at the Berlin Film Festival.

Prior to the A24 flick’s arrival, the Harlem rapper-actor is set to star in Spike Lee’s Highest 2 Lowest alongside Denzel Washington, which will be released in theaters on Aug. 22 and will land on Apple TV+ on Sept. 5. Rocky has a pair of songs (“Trunks,” “Both Eyes Closed”) slated to appear on the Highest 2 Lowest soundtrack dropping on Aug. 15.

Lee previously raved about Rocky’s acting, saying he held his own with Denzel on set.

“Yeah, don’t sleep on A$AP. In this film, Denzel and A$AP go toe-to-toe,” Spike teased on The Tonight Show. “What’s interesting is, even before I got involved with this film, I always thought that A$AP looked like he could be Denzel’s son. There’s a big resemblance. So when you see it on the screen, it adds an element of father and son.”

Watch the If I Had Legs I’d Kick You trailer below.

The Contenders is a midweek column that looks at artists aiming for the top of the Billboard charts, and the strategies behind their efforts. This week, for the upcoming Billboard Hot 100 dated Aug. 16, we look at whether Chappell Roan’s new single will be able to get into the mix with KPop Demon Hunters and Alex Warren in the fight atop the Hot 100. 

Chappell Roan, “The Subway” (KRA/Amusement/Island/Republic): Like New Yorkers anxious to get to work on time, Chappell Roan’s fans had been waiting for “The Subway” far longer than they’d initially expected. Roan had debuted the song at a couple live dates in summer 2024, but for the next year, there was no indication of an imminent studio release. Then finally, last month, reports of Chappell filming a new music video in New York began to circulate, followed by an official announcement weeks later that the song would finally arrive on the evening of Thursday, July 31, with an official video to follow Friday morning.  

Fans were certainly ready for the dreamy new song, which debuted atop the Spotify Daily Top Songs USA chart — with over 3.9 million streams in its first full day of release, a high for 2025 — while also briefly topping the iTunes real-time chart, and shooting to the top of YouTube’s Trending chart for music once its video was released the next morning. (The song’s impact on the Apple Music real-time charts has been somewhat less, as it has thus far peaked at No. 6.) The song’s daily numbers have perhaps inevitably receded from that first-day boom, but remain robust, with “Subway” reigning for most of the week on the Spotify daily chart. 

Will it be enough for “The Subway” to pull in atop the Hot 100? That might be a challenge, as it will not be getting any help from physical sales — the vinyl single of the song sold on Roan’s website is currently scheduled to ship “on or before Halloween” — and not much support yet from radio, thoughthe song has early boosters in SiriusXM’s Hits 1, iHeartMedia’s WIHT Washington, D.C., and Cox Media Group’s WBLI Long Island, N.Y., with far more stations still playing her enduring hit “Pink Pony Club” (No. 11 on Radio Songs this week).  

But if the new song can gain a little extra momentum on streaming late in the week, and maybe find a small extra boost or two — like Roan’s Island labelmate Sabrina Carpenter did on her way to a No. 1 debut for “Manchild” a couple months ago — it’s not impossible that “Subway” could find its way to the top. And regardless, a debut in the top three seems very likely, which would make the song the highest-charting of Roan’s career, passing the shared No. 4 peaks of current signature hits “Good Luck, Babe!” and the aforementioned “Pink Pony Club.”  

HUNTR/X, EJAE, Audrey Nuna & Rei Ami, “Golden” (Visva/Republic): It’s six weeks now into the pop culture takeover of KPop Demon Hunters, and against all odds, the soundtrack is still growing. The Netflix soundtrack currently claims the No. 2 spots on both the Billboard 200 (with the full film soundtrack) and the Hot 100 (with HUNTR/X’s “Golden”), with the gaps shrinking every week between it and Morgan Wallen’s I’m the Problem and Alex Warren’s “Ordinary” on the two charts, respectively. 

It’s a little closer to clearing that final hurdle on the Hot 100, with “Golden” having long lapped “Ordinary” on DSPs — it’s now led Streaming Songs for two weeks — and also sitting right behind it on the Digital Song Sales chart this week (Nos. 4 and 5, respectively). The question of radio remains, but “Golden” is also starting to really make its presence felt there: the song is up 73% in plays Aug. 1-4 over the same period the week before, according to Luminate, and approaching the top 25 on Pop Airplay next week.  

If “Golden” continues to surge, this could be the week it has its moment atop the Hot 100. 

Alex Warren, “Ordinary” (Atlantic): Don’t count out “Ordinary” just yet: After finally starting to slip in radio airplay last week, the nine-week Hot 100 No. 1 has rebounded slightly this week, and the song should secure an eighth week atop the Radio Songs chart. This is happening while his subsequent single “On My Mind” with ROSÉ is also gaining in airplay and his brand-new “Eternity” is also drawing some early radio attention. And like “Golden,” “Ordinary” has been discounted to 69 cents on iTunes for this tracking week — and is benefiting from buzz over his and Luke Combs’ Lollapalooza performance of the song – meaning Warren and his team are still hoping to secure that benchmark 10th week atop the Hot 100 before potentially falling to Roan or HUNTR/X.  

For all the readers, publicists, Kayteighs and finalists of the world, Tuesday night (Aug. 5) was the moment of culture that made us say culture was for us.

For the first time, Bowen Yang and Matt Rogers‘ annual, sardonic take on pop culture awards ceremonies — the Las Culturistas Culture Awards — was televised to the world on Bravo. What started as a bit on the pair’s hit podcast Las Culturistas, in which Yang and Rogers would spontaneously make up ridiculous awards categories for their audience’s entertainment — was transformed into a high-production value send-up of the glitz, glamour and utter self-seriousness of shows like the Grammys, Oscars and Emmys.

It certainly helped that the pair pulled in a stellar list of celebrities to come celebrate with them, including legendary actors like Allison Janney, Jamie Lee Curtis and Jeff Goldblum; beloved pop girls Reneé Rapp, Jensen McRae and Lucy Dacus; and even the main cast of The Real Housewives of Salt Lake City.

Those stars were there to see who would win the evening’s biggest awards, ranging from the Pop Crave Award for Excellence in Journalism (which went to Amelia Dimoldenberg of Chicken Shop Date fame) to the Titanic Award for Monoculture (rotisserie chicken won in a stacked category that included the The White Lotus, the letter “S,” Miss Piggy, and Wicked).

When it came time for the actual festivities to begin, Yang and Rogers wasted no time in skewering the award show format, proving definitively that “every podcast should also be TV,” and that “everything on TV should be a gay fever dream,” as they pointed out in their opening monologue.

With the ceremony now available to stream on Peacock, the question remains; which of the evening’s buzzy bits managed to outshine the others? Below, Billboard looks back at the first televised Las Culturistas Culture Awards and picks the five best moments from a night of excellence in pop culture.

Howard Stern unexpectedly returned from his long summer break on Wednesday morning (Aug. 5) to pay tribute to one of his favorite musicians, longtime friend of the show Ozzy Osbourne. With Ozzy’s “Mama, I’m Coming Home” playing the background, Stern said he was playing the song because, “Ozzy’s gone and I’m profoundly sad.”

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Calling him “one of the fabulous guests” of all time on his SiriusXM show, Stern invited Metallica drummer Lars Ulrich on to discuss Osbourne’s passing on July 22 at age 76 of a heart attack and the to describe the vibe at at Osbourne’s final concert, the all-star Back to the Beginning gig on July 5 in Birmingham, England.

Ulrich first recalled the time in 2006 when Metallica inducted Black Sabbath into the Rock and Roll Hall of Fame and played a few of their songs as Ozzy, guitarist Tony Iommi, bassist Geezer Butler and drummer Bill Ward looked on from the audience. He described the “generational element of respect and love” he and his bandmates had for their metal forebearers and inspirations, despite, or perhaps because of, Metallica’s subsequent success. “They were the generation that helped shape, and ultimately dictate, what we became” he said of Sabbath and their ilk.

That’s why when Back to the Beginning musical director Tom Morello called in September asking Metallica if they’d take part in what was being billed as Ozzy’s final show the answer was a quick hell yes. “For him to feel that the journey was coming to a respectful end, that fulfilling end that he needed so the book could be closed… and I knew in my heart that he wanted to do that,” Ulrich said of Osbourne’s determination to play one more show for fans despite the many serious health issues that had kept him off the road for seven years.

“Of course we were [like] ‘f–k yeah!,’” Ulrich said of Metallica’s answer to the invite to honor their musical heroes. Stern reminded Ulrich that he once said that heavy metal should have probably just been called “Black Sabbath” given how influential the band was to the genre. “You’ve always had this complete love for Ozzy,” Stern said to Ulrich, before wondering if Lars had gotten a chance to say a personal goodbye to his friend. “Did you have a sense he was going to be dead in a few days?” Stern wondered.

“No, no… we hung, we said hello, we hugged,” Ulrich said of the interactions he had with Osbourne over the 3-4 days they were in Birmingham for the show. He described longtime Ozzy photographer Ross Halfin pulling together group shots of Ozzy and his Sabbath bandmates on one of the first rehearsal days, with Ozzy taking his seat on the huge throne he performed from during the gig.

“He was there and the Sabbath guys were there and we all positioned ourselves around [Ozzy] and Ross was directing traffic and he asked me to sit on the armrest of Ozzy’s throne next to Ozzy,” Ulrich said during the shoot that he said felt like a “class reunion.”

“It was such a great moment, because you walk in and it’s, ‘Oh my God, there’s Steven Tyler! Oh my God, there’s Chad Smith! Oh my God, there’s Sammy Hagar! Oh my God there’s Yungblud!,’” Ulrich said before describing sitting on the armrest and hugging it out with Ozzy before asking him what it felt like to be back in his hometown for this final bow.

“He was very eloquent and very sharp in his answer,” Ulrich said of Osbourne, who grew up about a mile or two from the stadium where the show took place. “We were just sitting doing small talk, but it was so warm and he was very present, coherent. It was just his body that was not in good shape, but his mind… he was eloquent and talking and in the moment.”

He and his Metallica mates were also among the few on hand who got to watch Black Sabbath’s soundcheck the next day. “All the rest of us were just losing our f–king minds and then they started playing ‘War Pigs’ with the lights on and the show and air raid sirens and then we were obviously, as fans — and I don’t think I’m speaking out of turn here or being disrespectful — as fans I think there was a sense from all the other musicians and friends of Black Sabbath who were there… we were hoping for the best. We wanted it to be the best. We wanted it to be a grand slam, but we didn’t know, because ultimately none of us knew what kind of shape they were in.”

As they continued playing “War Pigs,” Ulrich said everyone realized that Sabbath sounded just as good, if not better than ever. “Then Ozzy came in singing and sounded great, hit all the notes and the lyrics and the timings and everybody was like, ‘this is gonna be fine, they’re gonna f–king kill it,’” Ulrich said he thought.

There were no final goodbyes, Ulrich said, because nobody felt that this was the definitive end. “Obviously it was the end of the music and the end of the live experience, but it wasn’t like… yes, he wasn’t in great shape, but nobody walked away from that three or four day weekend going, ‘that’s the last time we’ll see Ozzy,’” he said.

So, when Osbourne passed two weeks later, Ulrich said the shock of the “surreal” news was “indescribable.”

“We were all just so stunned,” Ulrich said of the universal reaction among Ozzy’s many musical compatriots and friends. “So sad. But at the same time he got to live, to accomplish that concert and that appearance that had been in him since before COVID. He got up there, he played [five solo songs and four Sabbath songs]…. and I think probably if you’re going go play [a] little quarterback/psychiatrist, Monday morning, maybe it was just a load off his shoulders and he got to accomplish what he wanted and maybe he just sort of let go.”

Stern praised Osbourne as a great friend, but also a “great radio guest,” who would always do something wacky on his show, with both men also noting that Ozzy was funny, warm and caring and, as Ulrich said, “made everybody laugh that was in the room.”

Ulrich also said he’s spent his time off this summer checking out Oasis on their reunion tour, including a gig at Wembley Stadium in London on Sunday night (Aug. 3). Asked by Stern if he went backstage to “counsel them” on how to get along — in reference to formerly battling brothers and Oasis co-founders Liam and Noel Gallagher who split for 16 years following a last straw backstage row in 2009 — Ulrich said he could assure Howard that “the love up on stage and the love in the stadium… they don’t need any counseling. They’re getting along like a house on fire. It’s beautiful.”

Metallica famously brought in a therapist in the early 2000s to hash out their toxic intergroup dynamics, but when Ulrich noted that he was also at the first Oasis reunion shows in Cardiff, Wales on July 4, he said there’s nothing the Gallaghers need from him. “As awesome and as next level as it was in Cardiff a month ago, which was the first show in 15 years, it was even better at Wembley a couple days ago. They don’t need any counseling or advice from me,” said self-proclaimed “huge” Oasis fan Ulrich, who has seen the band between 20-30 times over the years.

Though they were happy to discuss Ozzy and Oasis, the ostensible reason for the chat was to announce the year-round Maximum Metallica channel on SiriusXM, which will launch on Aug. 29 on channel 42 and the SiriusXM app. To help launch the channel, the band will play a live show at Stephen Talkhouse in Amagansett, N.Y. on Aug. 28.

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Step into a classic with the new release of the Air Jordan 4 Retro “Rare Air” sneakers. Turning back the clock to the mid ’80s, the “Rare Air” colorway pays homage to the early imperfect production woes of the famous Air Jordan sneaker line. From mismatched samples, offbeat logo placements and unintentional variations, this unique AJ4 colorway combines style and storytelling into an eye-catching silhouette. For $220, this fun edition can be yours now on Nike.com.

When the Air Jordan 1 first released, it sparked worldwide acclaim — but not before one too many incorrect samples landed at retail partners around the globe. Instead of shying away from the production inconsistencies that plague most first-generation products, the Jordan brand embraced the imperfect hodgepodge placements of logos and stitches and flipped the narrative, highlighting them in this premium Air Jordan 4 that feels equal parts heritage and a must-have collectible for sneaker fans.

This fresh iteration of the Air Jordan 4 line features a premium mix of leather and suede combined with signature Jumpman DNA colors to honor Jordan’s heritage. Details such as removable tongue patches and bold Nike Air heel branding give the silhouette a custom feel, while the “Rare Air” insoles add that extra touch of exclusivity.

The Air Jordan 4 “Rare Air” sneaker is available now on Nike.com for $220. Like most Jordan releases, sizes will surely go fast. Shop the release below before they sell out.

Jordan 4 'Rare Air' Sneakers: How to Buy It Before It Sells Out

Air Jordan 4 Retro “Rare Air” Sneakers


South Korea’s HYBE said on Wednesday (Aug. 6) that its second quarter revenue rose 10.2% year-over-year to 705.6 billion KRW ($516.7 million), while operating profit jumped nearly 30% of 65.9 billion KRW ($48.3 million) due to successful global tours and releases from several of its artists, including BTS members Jin and j-hope.

Concert and merchandise revenue rose by mid-double-digit percentages following tours by SEVENTEEN, TOMORROW X TOGETHER and LE SSERAFIM in the first half of the year. J-hope’s 33-show tour, Hope On The Stage, sold nearly half a million tickets from February to June, followed by his headlining performance at Lollapalooza Germany. Jin’s 18-show run in nine cities marked his first tour as a solo artist.

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HYBE executives said that news of BTS members completing their mandatory military service in South Korea and regrouping drove monthly users of its super fan platform Weverse to an all-time high of 12 million users, showing that the boy band’s enduring success is still a main driver for HYBE’s business.

Revenue from recorded music sales, concerts, advertisements and appearances, which HYBE lumps together as “artist direct involvement revenue”, rose by 5.7% year-over-year to 447.9 billion KRW ($328 million). While revenue from recorded music fell by 8.4% to 228.6 billion KRW ($167.4 million) year-over-year due to lower vinyl sales, revenue from concerts was up 31% to 188.7 billion KRW ($138.2 million). Earnings from HYBE artists’ advertising and appearances rose by nearly 1% to 30.6 billion KRW ($22.4 million).

Major releases in the quarter included Jin’s EP Echo, which reached No. 3 on the Billboard 200; j-hope & GloRilla’s single “Killin’ It Girl,” which reached No. 40 on the Billboard Hot 100; SEVENTEEN’s HAPPY BURSTDAY, which was among the highest selling albums in the first half of 2025 in Korea; ENHYPEN’s mini album DESIRE: UNLEASH, which reached No. 3 on the Billboard 200; and ILLIT‘s 3rd mini album bomb.

Revenue from segments artists aren’t directly involved with — including official merchandise, intellectual property licensing, content and fan club memberships — totaled 257.8 billion KRW ($188.8 million), with merchandise and licensing revenue jumping a whopping 40% to 152.9 billion KRW ($112 million). Fan club revenue rose 46% to a record-high 34.6 billion KRW ($25.3 million).

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Though it does not break out Weverse’s financials, HYBE executives said revenue for Weverse rose 41% in the second quarter compared to the first quarter. The platform averaged 10.9 million monthly active users (MAUs) in the quarter.

HYBE CEO Lee Jae-sang spent several minutes on a call discussing earnings to address the restructuring of its HYBE America operations. In July, the company named Isaac Lee, previously chairman of HYBE America and chairman of Latin America, as CEO of HYBE America, taking over from Scooter Braun, who transitioned to advisory and board director roles.

Lee said the reorg was more than a short-term change and grew out of a review of the North America division’s past four years.

“It is about shifting our business focus to label business,” CEO Lee said. “Given that earnings from management business tend to fluctuate depending on the level of activities by artists, we would like to strengthen the label business to generate stable earnings based on streaming, thereby improving profitability and business fundamentals.”

The move flattens management of HYBE’s America and Latin America operations, with the aim of connecting its operations in both places “to further strengthen and broaden [HYBE’s] global business.”

Tom Holland has starred in several blockbuster movies, but for many fans, his most memorable performance was when he competed against Zendaya on Lip Sync Battle in 2017.

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And while appearing on Gordon Ramsay’s YouTube series recently, the Spider-Man actor recalled how his iconic rendition of Rihanna’s “Umbrella” — which was complete with backup dancers, umbrella props and a rain machine — came at the cost of a promise he had made to his costar-turned-fiancée beforehand. “It’s so funny, Zendaya and I, we were chatting at the time about what we were gonna do, and we had agreed that we would take it easy,” he began.

“That was the agreement, that it was like, ‘I’m not gonna do anything crazy, you’re not gonna do anything crazy,’” he continued. ‘We’re just gonna keep it nice and easy breezy.’”

Despite their promises to each other, Holland says that his showcase got “crazier and crazier” during rehearsals as the creative team kept adding ideas. The result was an extravagant medley of “Singing in the Rain” and “Umbrella,” which found the actor taking the stage in a cropped wig, leotard and fishnet stockings. (“They were my granny’s, actually,” he told Ramsay, who asked whether the latter garment had belonged to Holland’s mother.)

At a certain point leading up to the performance, the Marvel star says he just had to lean into the spectacle. “I was like, ‘F–k it, I wanna wear fishnets and do this, and I want a wig and a quick change,’” he told Ramsay, laughing.

Fortunately, Zendaya surprised Holland with an over-the-top performance of her own, also breaking their promise to keep things simple in favor of dazzling the Lip Sync Battle crowd with a flashy take on Bruno Mars’ “24k Magic.” Plus, Holland says his performance — which would quickly go viral and still frequently resurfaces online — showed fans a new side of him.

“What was really great about that is people didn’t know that I could dance,” added Holland, who sang and danced as the titular role in Billy Elliot the Musical on the West End long before he was Spider-Man. “I kept that quiet, I don’t know why. And I came out with a bang.”

Relive Holland’s Lip Sync Battle performance by watching above.