| Big Hit Entertainment said it was teaming with 
				Universal Music Group to find, develop and train the new K-Pop 
				boy band.
 Lenzo Yoon, Big Hit's global chief executive, said the new 
				project would "apply Big Hit's success formula established over 
				the past 16 years to the U.S., the center of the global music 
				market."
 
 The new K-Pop group will record on a new Los Angeles-based 
				record label within the Universal Music Group.
 
 BTS, the seven-member band which made its debut in South Korea 
				in 2013, went on to conquer the highly competitive U.S. music 
				market with top-selling singles and videos featuring a sunny, 
				positive vibe. Last year BTS, which has a vast and fervent fan 
				base, was named entertainer of the year by Time magazine.
 
 Universal Music Group Chief Executive Sir Lucian Grainge said in 
				a statement that the joint venture "will further accelerate 
				K-Pop as a global cultural phenomenon."
 
 The K-Pop industry, which involves rigorous training in dance, 
				singing and language skills, also has produced bands like girl 
				group Blackpink that have expanded beyond Asia to gain 
				international success.
 
 The two companies did not say which U.S. media outlet would 
				broadcast the audition program.
 
 The collaboration has echoes of "American Idol," the popular TV 
				reality show that holds nationwide auditions for a new pop star 
				and whose winner gets a recording contract. The show, now in its 
				18th season, has produced bona fide stars like Carrie Underwood 
				and Kelly Clarkson.
 
 (Reporting by Jill Serjeant; Editing by Marguerita Choy)
 
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