Tag: south korea

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K-Pop agency Big Hit Entertainment may be worth $1bn

With BTS playing to packed stadiums in the west, the excitement around the global potential of K-Pop continues to grow. That’s now including a bumper valuation for agency Big Hit Entertainment, which is behind the band....
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Korean streaming service Melon faces royalties investigation

Melon is one of the oldest music-streaming services in the world, but the South Korean service is now facing an investigation into its handling of music royalties between 2009 and 2011. The Korea Times reported that the...
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BLACKPINK video has biggest YouTube premiere to date

The video for ‘Kill This Love’ by BLACKPINK has taken just three days to pass 100m views on YouTube – the fastest video to do so in YouTube’s history. Uploaded on 4th April, the video by the South Korean girlband...
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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...
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South Korea had around 8.5m music subscribers at end of 2018

We’ve heard a lot about the global growth of K-Pop music in 2018, thanks to BTS and the artists following in their slipstream. But in South Korea, there’s also a lot to be encouraged by in the way the digital-music business...
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Country Profile – South Korea 2019

The inexorable rise of K-Pop has brought South Korea to international attention but it’s not the sole driver behind a strong physical and streaming market and a noteworthy leap in recorded music revenue
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South Korean mobile-music services raise download prices

It’s a happy new year for music rightsholders in South Korea, as new regulations came into effect raising the royalty share from music-streaming services from 60% to 65%. News site The Korea Bizwire reported that a number...
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Korean internet-radio service Spoon Radio raises $17m

South Korean internet-radio service Spoon Radio – or rather its parent company Mykoon – has raised a $17m funding round. The investors include Goodwater Capital, which was an early investor in Musical.ly according to TechCrunch,...
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Spotify falls foul of BTS Army with chopsticks-emoji tweet

And *that* is certainly a headline we couldn’t have envisaged writing when this bulletin started life 15 years ago, folks… Spotify probably thought it was having some light-hearted fun when it published a blog post called Five...
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K-Pop companies team up to create ‘the Korean version of Vevo’

YouTube has played a significant role in the spread of K-Pop music far beyond its homeland of South Korea, from Psy’s ‘Gangnam Style’ to the recent global success of BTS – and plenty of artists in between. Now a group...
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South Korea gets new system for distributing streaming revenues

There are changes afoot in the way streaming revenues in South Korea are divided up between the streaming platforms and rightsholders (and thus musicians). From next year, rightsholders will get a 65% share of the streaming...
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K-Pop stars BTS are getting their own YouTube Red series

YouTube has been one of the main engines behind the global success of K-Pop band BTS in the last year. Now they’re getting their own series on its YouTube Red subscription service. The eight-episode series is called...