South Korean media firm Big Hit Entertainment is booming until 2020, revealed the company’s founder and CEO, Bang Si-hyuk, on August 13 at a briefing in Seoul.
Despite the crown pandemic that replaced many artists’ travel plans under the auspices of Big Hit, in the first part of the year, KRW’s projected corporate earnings of 294 billion ($244.8 million) and KRW$49.7 billion ($41.4 million) in connection with live profits from music sales. Fixed IP releases and other large-scale projects.
Seventeen, which is under the auspices of Pledis Entertainment, which invested through Big Hit before this year, is described through Bang as a reflection of BTS’ global rise as a leading K-pop band. According to him, the 13-member boy band is developing as the BTS superstar two or three years ago. He described Seventeen as “Big Hit’s next intellectual mega asset [IP].”
Though Bang didn’t announce any specific plans for Seventeen beyond their upcoming digital fanmeet at the end of August, the company has big plans for its artists throughout the rest of 2020: BTS will hold their Map of the Soul ON:E online and offline concert in October, and that same month NU’EST will release a new Japanese album. TXT will also release a new album in the autumn, and a new boyband is currently being produced via the television series I-LAND by BELIFT LAB, a joint venture between Big Hit and CJ E&M.
Beyond 2020, Big Hit plans to launch a new women’s organization in 2021, which Bang described as a “global organization of women from diverse backgrounds and languages”.
Along with art releases, the briefing also addressed the good fortune of logo collaborations with Samsung and Starbucks this year, as well as the launch and IPs released through BTS this year, adding the release of TinyTAN BTS animated opposite numbers and graphic letters. book series. According to Big Hit, it sold 458 official IP products in the first part of 2020.
The company has many versions of IP planned for the rest of the year, adding an e-book on Korean language learning and courses created in agreement with the Korean Foundation and Hankuk University for Foreign Studies, upcoming games and The Most Beautiful Moment in Life: The Notes. 2 on August 25, a sequel to a past ebook that continues to explore the literary global history of the “BTS Universe” that permeates the BTS career.
The company’s report comes when Big Hit is made public, with an initial audience offering [IPO] in progress. The company reportedly recently passed an initial examination to appear on the Korean Stock Exchange and is now eligible to register a securities register with the country’s Financial Services Commission.
I am a new York resident journalist who specializes in foreign music and media and I specialize in the Asian pop culture market and its tendencies. In addition to being a K-pop
I am a New York City-based journalist specializing in international music and media with a focus on the Asian pop culture market and its trends. Along with being a K-pop columnist at Billboard, I’ve written for outlets including NBC News, Entertainment Weekly, The Village Voice, MTV, and Noisey. My first book “BTS: Blood, Sweat & Tears” is out on Aug. 11.