Tag: big hit entertainment

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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%...
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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...
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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...
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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....
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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...
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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...
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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)...
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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...
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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...
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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...
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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...
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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...