However, an insider with further knowledge of the situation responded to allkpop that Naver does not plan on closing down the app. Earlier this month, a piece of false information began circulating on Twitter, spreading misleading information based on a screenshot from Namuwiki, a public wiki where anyone can edit.Īccording to the excerpt on Namuwiki, HYBE would " disintegrate VLIVE to create WeVerse + beNX platform through an acquisition from January 2021," and that “ as a result, the majority of artists and fans who are not affiliated with HYBE LABELS have simply been thrown into the air." HYBE Labels has no plans to close down ' V Live.'Ĭontrary to the misinformation currently spreading online, HYBE has no plans to close down the popular Naver application.
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