Tag: big hit entertainment
K-Pop giant HYBE merges with Scooter Braun’s Ithaca Holdings
The great K-Pop / Western consolidation continues, with the news that HYBE – the recently rebranded Big Hit Entertainment – is merging with Scooter Braun's investment company Ithaca Holdings. HYBE is acquiring a 100%...
April 6, 2021
Big Hit Entertainment invests in synthetic voice firm Supertone
In December, we wrote about a trend in the South Korean TV industry for shows that brought dead singers back to life using a combination of holograms and AI voice synthesis. Now K-Pop giant Big Hit Entertainment has invested...
February 26, 2021
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...
February 24, 2021
UMG and Big Hit Entertainment to co-launch a US K-Pop label
A livestreamed announcement involving Universal Music Group and Big Hit Entertainment last night, complete with the corporate big guns of both companies, may have raised thoughts of an acquisition or merger of some kind....
February 18, 2021
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...
January 28, 2021
Big Hit Entertainment opens Weverse app to UMG artists
Weverse is the app being used by now-public K-Pop giant Big Hit Entertainment to connect its artists with fans – BTS included. Now the company is opening up the platform to western artists, starting with a partnership with...
November 26, 2020
Big Hit Entertainment revenues grew by 54% in Q3 2020
Now that it's gone public, Korean music company Big Hit Entertainment will be delivering quarterly financial results. The first since its IPO revealed that its revenues grew by 54% year-on-year to 190bn won (around $171m)...
November 17, 2020
Big Hit Entertainment prices its IPO for $4.1bn valuation
The next music company to go public is set to be K-Pop firm Big Hit Entertainment. Now we know how much its IPO is set to value the company at, after pricing was announced. Shares will cost 135k won ($115) each in an offering...
September 29, 2020
BTS given Big Hit Entertainment shares ahead of its IPO
Given BTS's role in the growth of K-Pop giant Big Hit Entertainment, it should come as no surprise that the group will benefit from the company's upcoming IPO. Reuters reported this month that each of the seven members...
September 8, 2020
Big Hit Entertainment reports sharp growth in revenues
As one of the key K-Pop companies, Big Hit Entertainment generates revenues from live concerts as well as recorded music. With its biggest act BTS seeing their world tour cancelled due to Covid-19, you might expect a hit...
August 20, 2020
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...
February 27, 2020
K-Pop firm Big Hit Entertainment’s revenues double to $494m
Big Hit Entertainment, the South Korean powerhouse behind BTS and TXT among others, has revealed its latest growth stats. Its revenues in 2019 topped ₩587.9bn ($494m), doubling those in 2018, and it had operating profits...
February 6, 2020