>>126741897
theblacklabel is not owned by YG, YG only have 21% of TBL stocks
Teddy has 42% and a venture group has other 28%
hybe owns 90% of pledis stocks, 100% of bighit stocks, SourceMusic and Belift arent even publicly listed but privately owned
TBL is no more a YG company than SM was a HYBE company when they owned a minority stake of it