Big Hit Entertainment revenues grew 36% to $716.7m in 2020
K-Pop giant Big Hit Entertainment had an excellent 2020 despite the Covid-19 pandemic. Its financial results, published yesterday, revealed that the company behind BTS’s revenues grew by 36% last year to KRW 796.3bn (around $716.7m). The breakdown is very interesting too. Concert revenues dropped off a cliff, unsurprisingly: down 98% to KRW 3.4bn. However, album sales […]
Big Hit Entertainment investing in K-Pop rival YG Entertainment
As we’ve found out when reporting on any story comparing BTS and Blackpink, different K-Pop fandoms can be… competitive. So it’s anyone’s guess what they’ll make of the news that BTS’s parent company Big Hit Entertainment is planning to invest 70bn won (around $63m) in rival YG Entertainment, which includes Blackpink, Bigbang and Psy among […]
A BTS-fuelled IPO is still on for Big Hit Entertainment
Warner Music Group is having an IPO. Universal Music Group will be having an IPO. And now K-Pop giant Big Hit Entertainment’s plans for its own initial public offering appear to be progressing too. The company, whose biggest star is BTS, has now chosen the banks and brokerage firms who’ll be handling its IPO, according […]
BTS fuelled Big Hit Entertainment surge in first half of 2019
Korean music firm Big Hit Entertainment held its latest media briefing yesterday, and dropped some impressive numbers to show how its business is surging in 2019. The company’s revenues in the first half of 2019 were more than 200bn Won (around $166m) – already more than Big Hit’s revenues for the whole of 2018. And […]
Report: Big Hit Entertainment may launch own streaming platform
Music Ally has been reporting recently on BTS World, the mobile game launched as a partnership between BTS’ management company Big Hit Entertainment and gaming firm Netmarble. Now a report claims the companies may be looking to do something even more ambitious together: “to launch a brand-new music-streaming platform”. That’s according to the Korea Herald, citing […]
BTS success fuelled record year for Big Hit Entertainment
You may have noticed that K-Pop band BTS are just a little bit popular around the world. That’s now translating into financial success for the company behind them, Big Hit Entertainment. The firm reported a 132% growth in its annual revenues to 214bn won (around $190m) in 2018, with an operating profit of 64.1bn won […]