Naver aims to gain a greater competitive edge in the fandom industry by teaming up with Big Hit Entertainment. Naver revealed this day that they would be creating a new global fan community platform by collaborating with Big Hit Entertainment and combining the users, content, and services of V LIVE and Weverse, the platforms owned by each company. It was also decided that beNX would be renamed to WEVERSE COMPANY Inc. As a result of the investment, Naver gains a 49 percent stake in beNX, and Naver’s V LIVE business will be transferred to beNX. On the afternoon of January 27, Naver held a board meeting and decided to invest 410 billion won (approximately $371 million) into Big Hit Entertainment’s subsidiary beNX, which operates the fan community platform Weverse. Big Hit Entertainment and Naver are joining hands!
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