Tencent Music Invests in The Black Label, Valuation Surpasses $660M

The Black Label just shattered its valuation at one trillion won, a staggering $660 million, with Tencent Music backing the investment. That massive 80 million dollar raise values the studio behind K-pop's Demon Hunters soundtrack at one trillion won, roughly 660 million dollars. The Black Label joins the ranks of music industry players, boasting major backing from Tencent Music.

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