SEOUL, March 19 (Korea Bizwire) — Big Hit Entertainment, the K-pop powerhouse behind global sensation BTS, on Friday unveiled a plan to change its name to Hybe and ambitions to become what it called an “entertainment lifestyle platform.” “What we think of as variation of music is that of the indefinite realm and I think [...]
SEOUL, Feb. 23 (Korea Bizwire) — Big Hit Entertainment Co., the management agency behind global superstars BTS, said Tuesday its net profit rose 19 percent last year from the previous year amid the growing popularity of its flagship K-pop group. Net profit stood at 86.2 billion won (US$77.6 million) in 2020 on a consolidated basis, [...]
SEOUL, Feb. 10 (Korea Bizwire) – K-pop giants Big Hit Entertainment and YG Entertainment as well as global music powerhouse Universal Music Group have inked a partnership to nurture a streaming platform aimed at helping artists go global, the companies said Wednesday. Big Hit, the agency behind global sensation BTS, said YG and Universal have [...]
SEOUL, Jan. 27 (Korea Bizwire) — Big Hit Entertainment, the agency behind global star BTS, announced on Wednesday that it plans to invest 70 billion won (US$63 million) in YG Entertainment, one of the biggest K-pop agencies in South Korea. Under the deal, Big Hit and its affiliate beNX will invest 30 billion won and [...]
SEOUL, Nov. 12 (Korea Bizwire) — K-pop megastar BTS is set to appear in a year-end concert organized by its agency, Big Hit Entertainment, the agency-label announced Thursday. Big Hit Entertainment, which also runs a namesake label, said the seven-member act will be included in the lineup for the “2021 New Year’s Eve Live presented [...]
SEOUL, Oct. 19 (Korea Bizwire) — Shares in Big Hit Entertainment, the creative nest of K-pop superstar BTS, continued to suffer an extended slump on the third day since the company’s market debut as some institutional investors dumped the stocks. Big Hit shares tumbled 5.74 percent to close at 189,000 won (US$165), far underperforming the [...]
SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop superstars BTS, debuted on South Korea’s main bourse on Thursday, building a valuation higher than the country’s next three largest entertainment companies combined. Big Hit shares opened at 270,000 won (US$236) on Thursday on the Korea Exchange and jumped by the [...]
SEOUL, Oct. 13 (Korea Bizwire) — Tens of trillions of won are floating around stock markets after last week’s fierce competition for the subscription of Big Hit Entertainment, the management agency of K-pop superstar BTS, data showed Tuesday. Retail investors, including BTS fans, chipped in 58.4 trillion won (US$50.8 billion) in the agency’s two-day subscription [...]
SEOUL, Oct. 6 (Korea Bizwire) — Big Hit Entertainment, the management agency of K-pop phenoms BTS, drew a near record-high amount of deposits from retail investors Tuesday, the last day for the subscription for its initial public offering (IPO) next week. Since Monday, retail investors have subscribed for around 1.43 million Big Hit shares, or [...]