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Thursday, June 30, 2022

Adverse effects for BTS’s record label after the band’s surprise announcement

a significant stock crash On the Seoul Stock Exchange, the communications group behind BTS, following the successful South Korean band of Hyebe, is one of the main results. k-pop Will announce this Tuesday that it will be temporarily disbanding so that its seven members can focus on their solo careers.

Notably, the company’s title this Wednesday, founded by Bang Si-hyuk, is a . started with 22.82 percent drop Compared to Tuesday’s close, it is thus at a historically low valuation range of 140,000 per share.

Meanwhile, the company’s stock market value has already fallen 60 percent in 2022 and moves closer and closer to its lowest price Since its IPO in October 2020.

When Hybe – then operating under a different structure and under the name Big Hit Entertainment – went public in October 2020, with many analysts expressing doubts about an asset that was traded at the time by one of the few bands. Depends more than 90 percent, BTS .

BTS on their triumphant return to Seoul's Olympic Stadium in March, when they gave their first concert on home soil in two years, photo EFE

BTS on their triumphant return to Seoul’s Olympic Stadium in March, when they gave their first concert on home soil in two years, photo EFE

However, Haibe has significantly diversified its activities over the years, acquiring new labels and bands with apparent great potential such as the recently launched girl group Le Seraphim. In addition, a global audition began last week to hire a new male band.

BTS Temporary Dissolution Announcement

After more than a decade together, and many successes and records behind them, BTS reported that the anniversary of its founding was expected at their traditional annual dinner for fans on June 13.

There, as is customary for this date, their followers receive gifts such as songs, merchandising and a video showing the band members eating and celebrating their anniversary.

At that meeting known as FESTA, it was RM who took the floor and announced that it was time for everyone to work “on their own” and thus develop their solo career.

,We are not separating; we’re just apart sometimeSuga’s words were when it became known that Bangtan would take a break.

BTS in 2014 when they went to the K-Con 2014 Korean Culture Convention in Los Angeles.  afp photo

BTS in 2014 when they went to the K-Con 2014 Korean Culture Convention in Los Angeles. afp photo

The one who talked about it the most and was quite impressed was RM, to many of the group’s leaders. He didn’t hide his grief and eventually cried, “After releasing the Butter and Permission to Dance singles, right now, we’ve lost our direction and I just want to take some time to think.”

“We never know how long we’ll be together, but I hope we last. And even though we can’t perform/act like we used to, I’ve always wanted to be BTS’s RM,” she added.

For his part, Jimin also explained the situation and asked ARMY to accompany him on this new phase, which officially begins with J-Hope’s show at the next Lollapalooza. “Being a group for so long, it’s like I’ve become a machine. I also have my own hobbies and things I want to do on my own,” he said.

Sales record in 2021

In March this year, the International Federation of the Phonographic Industry (IFPI) published today the balance of sales and consumption of recorded music in the world during 2021. And at the top remained the Korean group BTS.

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Reference from clarin www.clarin.com

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