The app was developed by Weverse Company (formerly beNX), a subsidiary technology company of
Hybe Corporation (formerly Big Hit Entertainment) specializing in digital platforms and customer service. According to Weverse Company then president, Seo Wooseok, the app was developed to offer a platform for
K-pop artists to interact with fans "on a deeper level" than that offered by YouTube or Twitter, which emphasize content delivery over communication. According to Jenny Zha, CEO of the digital media consultancy firm Infinitize, K-pop "market leaders like
BTS", who have amassed significant fan followings, no longer need to focus on being discovered but rather on monetization and ownership of their content. Zha, in an interview with
Billboard, explained that "labels want to [...] create an asset they can own and mobilize for other artists and ventures because they know that fans will follow to where the content is. It creates more security for the label for the long term." On January 1, 2023, V-Live service was officially terminated. == Platforms and content ==