BTS announces a temporary suspension of group activities. The members will be releasing solo albums beginning with J-Hope. They will continue to film and release RUN BTS, little by little, and return as a group in the future.
(Note this is just a summary of the long article
2021 MAMA Major changes in voting and judging
1) There will be four daesangs: Worldwide Icon, Artist of the Year, Song of the Year, Album of the Year
2) Artist, Song, Album will no longer be fan voted but decided by a panel of judges who will evaluate the quality/artistry
Kim Hyunjung, head of creative for BTS as well as A&R for BTS and TXT has left Hybe to be A&R VP at Columbia Records. Kim joined Hybe in 2017 and worked on collabs between BTS and Coldplay, Halsey, Nicki Minaj and Mega Thee Stallion
One more update. According to a KB Sec analyst, an official announcement video pertaining to the enlistment of members of BTS is expected to be released next week. BTS plans to continue their communication with their fans.
BTS renews its contract with BigHit Music. All seven members of BTS will renew their exclusive contracts with their agency BigHit Music, promising to stay together in 2025 and beyond. The renewals will be made at different times because Jin and Hope are currently fulfilling their
KMCA, on behalf of the 26 member agencies, filed a written objection to the Ministry of National Defense over the guidelines the Ministry set forth in the implementation of the new law allowing postponement of military service for popular culture artists.
The live broadcast of the BTS concert produced blockbuster level results, a rarity for a one night event. Variety, a US media outlet, reported that the BTS concert recorded a global box office of 32.6M USD (40.3B W)
BigHit has highest paying wages in the entertainment industry. An average BigHit employee makes more in seven months than an SM employee makes in a year. There is a large gap between salaried workers and wage workers at SM as well.
Naver Webtoon has teamed up with HYBE and DC Comics. Naver plans to create webtoons or web novels in collaboration with various artists from HYBE, including BTS. Naver also will create original webtoons using DC Comics' worldview/characters.
The platform wars are heating up. According to an analysis of domestic (Korean) Android and iOS user data, BigHit's "Weverse" platform is showing a tremendous rise, leading VLive, the existing strong player, in loyalty indicators such as user stay time and churn rate.
According to Korea Exchange, the 4 major ent co profits for Jan 18 to Mar 19 (compared to previous year same period) are as follows
BH: 36.96%
YG: 5.96%
JYP: -1.53%
SM: - 2.19%
Warner Bros is expected to invest up to 500B in HYBE (fka BigHit Ent) and become a major shareholder. Warner Bros has an investment in HBO Max (through AT&T) is expected to secure exclusive rights to content such as live BTS concerts and documentaries.
BTS Jin has filed paperwork to cancel the postponement granted to him by the Ministry of Sports, Tourism, Culture. He could begin active duty as early as this year.
(Note: because of his age-over 28-he can only serve in the army. Marines, Air Force, Navy is ltd to under 28)
One official said it is only BTS among all idols who have achieved meaningful results and it is likely that this is a phenomenon that occurs at a certain time with only a certain artist. The one-night event is attractive to attempt
LG U+ will partner with HYBE in a pilot reservation system for ticketing using a quantum-resistant cryptography. If a BTS fan makes a reservation for a concert with a smartphone equipped with PUF (physically unclonable function) chip,
As for the masks, everyone was to wear one but there was exception in front of the camera. Initially, the singers took down their masks to accept awards but afterwards, as some singers wore them during the acceptance speeches, others adopted the same stance.
Show! Music Core without BTS ends after 4 years. MBC expressed regret saying that outdated production practices were at fault and Hybe accepted (the apology).
With the exception of BTS, kpop remains a genre that does not have guaranteed sustainability in the US market. According to a global music consulting group, REELS Corp, survey, BTS topped the Kpop genre with 1.42M points for January through June.
BigHit said that they would make an official statement and I don't know if this is the one but BigHit says that BTS is starting a new chapter of group and individual activities. It is a time for each member to grow through various activities and it is expected that
Additional reporting from Chosun: [Hybe] shared that BTS members Jin, J-Hope and Suga are currently serving in the military and the remaining members will announce their enlistment plans sequentially within this year.
Yonhap News reports that it is confirmed that recently all 7 members signed the renewal contract with BigHit Music. Earlier, on the 20th, Hybe had announced that the Board had approved a resolution to renew the contracts with BTS. After the 20th, all seven members signed the
Yonhap News reports that it is confirmed that recently all 7 members signed the renewal contract with BigHit Music. Earlier, on the 20th, Hybe had announced that the Board had approved a resolution to renew the contracts with BTS. After the 20th, all seven members signed the
It is confirmed that Min Heejin did not respond to the request by Hybe to return the company's informational assets such as laptops, etc. Hybe had demanded those asset be returned by 6 PM on 23 Apr. Other Ador execs including VP A (aka VP L)
Hybe has announced interim audit results. According to the audit, Hybe has found secured evidence that under the leadership of Ador CEO there was a plan to take over management rights of Ador. One of the audit subjects admitted that the information assets contained plans
For those who were asking if there was any update on the BTS enlistment issue, Mayor Park Heong-joon of Busan has requested the Office of the President consider BTS' position as PR ambassador for the 2030 Busan Expo bid as alternate service under the arts and personnel system.
Hybe (fka BigHit Ent) re-organized its corporate structure to improve efficiency and expand synergy. Hybe IP and Hybe 360 were merged to increase efficiencies through faster decision-making. BTS's agency BigHit Music will be its own unlisted corporation owned 100% by Hybe.
On the 4th, the Korea Exchange downgraded YG and SM from blue chip companies to mid-sized businesses due to poor performance and increased equity losses. On the KOSDAQ, companies are classified into blue-chip (superior), venture, technology, and mid-size.
According to entertainment insiders, Hybe launched an investigation of Ador CEO Min Heejin and VP L on 22 Apr. Hybe audit team reportedly visited the workspace of the Ador's executives to retrieve computer assets and secure witness statements.
IBK (an investment firm) analyzed that the size of core fandom which directly contribute to the sales of the nationโs top four entertainment companies is ~3.5M. BTSโ agency HYBE has the most โ์ฐํฌโ (best/loyal/real fans). The core fandoms of SMยทJYPยทYG combined barely surpass HYBE
CEO of Hybe, Park Jiwon, sent a company wide email that said the takeover of Ador was planned even before ILLITs debut. To the Ador team, he said that the artists are the priority and every effort should be taken so that New Jeans members are not shaken by this
TenAsia reports that contrary to Min Heejinโs claim that Hybe/Belift never responded to her complaint about Illitโs copying, a reply was sent to her on 22 Mar, day before the deadline she set. The reply was 6 pages of A4 paper sent via email and she confirmed receipt of the email
Kim Jae-joong, formerly of JYJ, has established his own agency. He is said to be preparing for the production of an idol group.
(Note: Kim Jae-joong was one of the former TVXQ members that was blacklisted from broadcast TV nearly two decades by SM Ent)
Hybe will file a criminal complaint with the appropriate police department today against Min Heejin and others (Iโm guessing given that they are in Yongsan that it will be the Yongsan police)
Hybe has announced interim audit results. According to the audit, Hybe has found secured evidence that under the leadership of Ador CEO there was a plan to take over management rights of Ador. One of the audit subjects admitted that the information assets contained plans
As you know, concerts in Korea have been subject to strict social distancing guidelines with limited audiences and no standing, cheering, or singing. Yesterday, a futbol match was held at the Seoul World Cup Stadium with a crowd of 60K people.
BigHit Ent announces that Lee Hyun has renewed his contract with the company. He started with BHE as a trainee in 2005, debuted as a member of Eight, reformed as a duo with Changmin of 2Am in 2010. Since then he has had solo activities including OSTs and self-composed songs.
TW: Sexual Assault
It was revealed on the 3 Apr that an idol of a 6 member boy group was handed over to prosecution on charges of molestation and rape of a fellow member during their trainee days and following debut.
An anti-stalking law was passed on the 27 Mar. It will take effect in September. According to the law, stalking is causing anxiety or fear to another person, cohabitant or family against the other person's will without justifiable reasons.
BTSโ J-Hopeโs sister, Jung Ji-woo, will marry in May. Cube Ent shared an official statement with Newsen that the CEO, fashion influencer and YouTuber will be married in May
Source Music posted a notice on Weverse that it was very concerned about the disrespectful mention of other artists' names on public platforms and that these actions have led to numerous malicious posts and unfounded speculations. (On the K side,
An official with the Manpower Military Admin told Star News re Kaiโs sudden enlistment that one can delay enlistment up to five times within two years and it seems that he has used all five up due to various schedules including overseas perfomances
According to a foreign media report, the most popular Kpop artists in Japan based on Oricon CD and DVD sales from 2018 to 2022 are as follows:
BTS: 479B
TWICE: 174B
Seventeen: 133B
TVXQ
Enhypen
article did not give totals for TVXQ and Enhypen
Yesterday, Bang Si-hyuk, chairman of Hybe, appeared on CNN's business show Quest and said that Kpop was slowing down where as Latin and Afrobeats was growing and I guess some people didn't believe that but actually kpop only accounts for 2% of the world music market
BigHit Music will focus on music production, artist management and fan communication, the original activities of the label. It will operate independently focusing on its own business goals.
that it is nearly impossible for people in their twenties to receive the Order of Cultural Merit as one of the criteria to be a candidate for the award is 15 years of activity. Kpop singers who start activities in their teens would not be eligible until their 30s
Pledis Ent posts a larger operating profit in 2020 (16.8B) than SM Ent (6.5B). Pledis Ent has been making steady progress through focusing on album production and artist management. It recorded an operating loss of 300M in 2017 but turned a profit in 2018.
An anti-stalking law was passed on the 27 Mar. It will take effect in September. According to the law, stalking is causing anxiety or fear to another person, cohabitant or family against the other person's will without justifiable reasons.
BigHit and KQ Ent had filed criminal complaints against YouTube Sojang, but the investigations had stalled for over a year because the identity of the YouTuber was not known. After Starship obtained the identity through a court proceeding in California
Itโs a video from the members not the government. And there is no exemption news. The bill is dead and the rep who proposed it may not even be assigned to the National Defense Committee after June.
HBYE announces a new independent label, ADOR, headed by CEO Min Hee-jin. ADOR stands for All Doors One Room. Hybe stays that it will develop a differentiated projects not previously attempted by existing (HYBE) labels. ADOR plans to introduce a new GIRL group in 2022.
Hybe is caught up in a stolen name case by A, a founding contributor known as a BTS dance teacher. (From information on the Kside, it is not Son Sungdeuk who is the only BTS chores I'm familiar with) According to an IT Chosun interview on the 17, Hybe dismissed A in Sept of this
Fifty Fifty updates:
1) Barbie OST MV cancelled / appearance w Margot Robbie in Seoul cancelled
2) KCON appearance cancelled
3) It is known that appearance on large Korean variety show, CF w/ famous sports star, and CF w/ global electronics company has also been canceled
As of the end of last year, BTS accounted for around 60% of Hybe revenue and thus to mislead investors on this issue would likely be considered a material misrepresentation of fact and would subject the corporation to FSS investigations and shareholder suits.
military duties. BigHit Music will donate 1B to Unicef (Korea per the Korean news) of 1B in the name of Army (per the Korean news). In a press release, Hybe said that with the renewal we will be able to see BTS as a whole, which we aim to see in 2025.
Second, individuals who are enlisted are not to engage in profit making activities which is why Jin and J Hope will not be able to re-sign until they are discharged. However, if they weren't committed to re-signing, BHM and Hybe would not be able to make the current statements.
BTS swept the top ranks of the US BB year end chart
World Album Artists-1
Hot 100 Artist Duo/Group - 8
BB 200 Artist Duo/Group - 5
BB Global 200 Artists - 10
BB Global 200 Excluding US - 6
Digital Song Sales - 11
Top Album Sales Artists - 5
A couple pieces of HYBE news. BigHit Music announced that BTS Group member Jin will apply to cancel his enlistment postponement at the end of the month (Oct) and will follow the enlistment procedure of the Military Manpower Admin. The members will enlist sequentially.
3Q 2023: Hybe
Revenue: 537.9B (โ 20.7% YOY)
Op Profit: 72.7B (โ19.8%)
Highest revenue for a 3Q since its inception thanks to the domestic and international activities of BTS V, Seventeen, TXT, Enhypen, Le Sserafim, New Jeans.
According to the revised Military Service Act, pop culture artists can postpone their military service until the age of 30 if they are recommended by Minister of Culture, Sports and Tourism and the recipient of a cultural medal or award. The association points out
Two days ago there was a rumor that producer Pdogg of BigHit Music was dating weather caster Kim Ga-young but BigHit said that they could not confirm as it was producerโs private life but this morning Kim Ga-young confirmed it herself on MBCโs morning radio show
raising suspicions that there was an "idol mobilization order" issued. Dispatch published an article where it quotes several insiders saying that they couldn't refuse what was perceived to be a national event. Hybe is sending BTS photo cards
A person accused of impersonating a BTS member and leaking unreleased music was sentenced to one year in prison. On 19 Jan, a judge in the Seoul Central District Court Criminal Div 27, sentenced Mr A to one year in prison.
Why do kpop groups release Japanese language albums? It is not done for US which is being targeted now with the occasional English album and an English song or two or even China. The reason is Japan is the most loyal overseas market.
Some analyses indicated that the BTS-led increase in national brand value and economic trickle-down effect is greater than that of hosting the Olympic games....However, it is premature to say that Kpop has entered the global mainstream.
Initially HYBE said it wouldn't respond to MHJ but they issued a statement of rebuttal today.
1) Takeover of management rights was just a joke. There are records of discussions held over several months documented in chats and work logs. These talks occurring repeatedly over
The Korea Fair Trade Commission (KFTC) has launched investigations into the alleged tie-in sale of idol photo cards by entertainment agencies. (tie-in sales are considered anticompetitive as it requires you to buy X product that you don't want to get Y product that you do)
Chosun Ilbo with additional reporting. MHJ had a two track plan to remove New Jeans from Hybe
1) Pressure Hybe to sell to private equity funds
2) Take New Jeans and form a separate company.
To do
#2
Ador planned to say Hybe treated NJ unfairly,
More articles are coming out about the discrimination between the singers and the presenters (actors/actresses). Photos uploaded on the SNS of various participants reveal waiting rooms separated by curtains with actorsโ names on them whereas 1/2
There's a lot of news on the Hybe v Min Heejin dispute but let's start with the most important one and that's what is going to happen with New Jeans. Per several analysts, New Jeans' comeback will continue as planned.
Article: The dispute between Hybe and Ador CEO Min Heejin,
Spokesperson for Seoul Regional Military Manpower Association gave a statement to JTBC that there has been no change in the regulations. Both ordinary ppl and celebs are permitted to postpone enlistment up to five times within two years
An official with the Manpower Military Admin told Star News re Kaiโs sudden enlistment that one can delay enlistment up to five times within two years and it seems that he has used all five up due to various schedules including overseas perfomances
this time will be a nourishment to fuel a long-running BTS team in the future. (meaning that the individual activities will nourish a long-term BTS team) The [individual activities] will be actively/enthusiastically supported by the label.
I'm going to anticipate some questions here. First, a board resolution for renewal of contracts is unusual and suggests that there is some significant payout (either cash or shares) that required board approval.
Hybe released an additional statement conveying some terms of the stock purchase agreement with LSM in response to concerns he is trying to still maintain control.
Note: the following terms essentially cut off LSM from SM for at least three years including any profit
In Japan, a fourth Korean Wave is taking place lead by the consumption of dramas with Crash Landing on You, Itaewon Class, and It's Okay Not to Be Okay. Experts say that Kpop such as NiziU and BTS have played a major role in driving the K-drama boom in Japan.
The National Pension Fund was the largest buyer of BigHit stock from the day of the listing until today. They own a total of 1.61m shares. Also, competition for IT professionals is fierce. Over 100 Kakao/Naver IT people have moved to BigHit in the last year.
BigHit's stock is soaring this year. After its listing in 2020, the stock price plummeted but recently it is up over 50% and nearing its listing date price. The expectations for platform company BigHit are being materialized through business agreements with YG, Naver and UMG.
Hybe has called for an emergency shareholder meeting of Ador to reassert management rights. It is not known whether the shareholder meeting will take place as the Ador Board of Directors must institute it and the Ador board
One expert said that the BTS hit song Dynamite is popular among the general public. Even people who do not like Korea like BTS. This is in contrast with the Japanese fandom of groups like TVXQ and Twice.
Min Heejin has answered the audit questionnaire. Ador gave a warning to Hybe that if the contents of the questionnaire were disclosed to the outside world, legal action would be taken. She has not relinquished her laptop yet.
Another K article said that the new exclusive contract period begins in 2025 () which is consistent with previous reports in the IPO documents that the previous contract renewal signed in 2018 would terminate at the end of 2024.
Yonhap is reporting that on 10 Feb Hybe has signed the contract to purchase Lee Sooman's shares, 14.8% for 422.8B making Hybe the largest shareholder of SM Ent.
Hankyung exclusively reports that Hybe has made an offer for 14.8% of SM Ent owned by Lee Sooman at 120K per share for a total of 430B. In addition, a tender offer will be made on 1 Mar at the same price to secure an additional 25% of SM Ent.
The noise over whether YG Ent Jennie (Blackpink) violated COVID-19 quarantine rules continues after four days. Jennie released a number of photos including one showing seven people holding ice cream. Current quarantine rules ban private gatherings of more than five.
@Wurous
album sales doesn't equal to people listening to the music and the music penetrating other markets. kpop isn't even the most listened to music in South Korea
Hybe's fair value exceeds 5tr and may be designated as a conglomerate. FTC defines a conglomerate as a group of companies with total assets of more than 5tr. If a company is designated as a conglomerate, it is required to disclose large-scale internal transactions
MHJ held an over two hour press conference and there are multiple articles about it. I think the best summary is actually from Elle Korea. They summarized MHJโs position as follows:
Originally MHJ was to produce a girl group after moving from SM to Hybe.
at which time the postponement provision is of no use. The KMCA points out the lack of equity when venture capitalists and those benefiting from venture capital are allowed postponement as well as high culture, artists, and athletes (who receive exemptions)
Not going to translate all of it but Snowdrop, the drama starring Jisoo, is the subject of a Blue House petition calling for the suspension of the broadcast. Currently the signatures are 297K two days after the petition was posted.
Kpop is suffering a famine of performance halls. World class pop star artists skip Korea because there is no large venue that can accommodate more than 40,000 people per event...Jamsil Main Stadium began remodeling in Aug of 2023 (not scheduled to be completed until Dec 2026)
This is a score calculated using the same aggregation criteria as the Billboard chart. Of the 3.2M points allotted to KPOP artists, BTS holds 44.01% of the total genre. Blackpink came in second with 250K points (excluding individual work).
It is reported that earlier this year CEO MHJ's requested the exclusive right to be able to terminate the New Jeans contract. This demand came after Hybe and MHJ engaged in a battle over the valuation (30x) and timing (when she could execute the put option) of her shares.