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Krafton, Tencent Back Black Label’s $80 M Gaming Push

5/27/2026

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Summary

Story summary

Black Label Inc. raised about 120 billion won ($80 million) in a round on May 26 2026.
Krafton Inc. and Tencent Music Entertainment Group co-led the $80 million round, valuing the label at 1 trillion won and planning to use the funds for gaming projects that feature its artists.
The label’s producers scored the Netflix series KPop Demon Hunters soundtrack, which won two Oscars and placed “Golden” at No. 1 on the Billboard Hot 100 in 2025.

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Story summary

Black Label Inc. raised about 120 billion won ($80 million) in a round on May 26 2026.
Krafton Inc. and Tencent Music Entertainment Group co-led the $80 million round, valuing the label at 1 trillion won and planning to use the funds for gaming projects that feature its artists.
The label’s producers scored the Netflix series KPop Demon Hunters soundtrack, which won two Oscars and placed “Golden” at No. 1 on the Billboard Hot 100 in 2025.