B.I. will be stepping down from his position as head of his agency 131 Label.

On February 3, 131 Label officially announced that B. I would be leaving his position ahead of his agency 131 to focus on his music. While 131 labels would be managed by a brand-new team of “entertainment business professionals.”

The agency also announced that B. I had planned to start the year by releasing his global album “Love or Loved Part.2,”. However B. I would now be changing his global album release schedule to return with his second studio album first instead. B. I previously released “COSMOS,” the first half of his second studio album, back in 2021.

According to 131 Label, B.I.’s second studio album is due out in the first half of 2023, while “Love or Loved Part.2” will drop in the second half of the year.

Hello everyone, this is 131.

We would like to announce a shift taking place in company operations as well as in B.I.’s upcoming album release schedule.

1. Change of Direction in Company Operations

Started out as an independent label by B.I, 131 has made significant progress and expansions in business operations last year through the recruitment of hip-hop artist Reddy and placing great attention to artist development. With this as the basis, 131 is now set to restructure the label into a management system operated by entertainment business professionals, in order to fully support B.I and his creative endeavors as a producer and an artist. With this shift, our label will be joined by a diverse group of professionals with expertise in publishing, producing, artist management and more, which will stabilize 131’s business development and growth, as well as establish the ideal environment for artists and producers to focus on music and related promotions.