Bts

Bts

Big Hit Entertainment, Home to BTS, Generated Record $500M In Revenue Last Year

#BTS contributed big time to Big Hit Entertainment's bottom line!

4/1/2020 1:50:00 PM

BTS contributed big time to Big Hit Entertainment's bottom line!

Big Hit Entertainment reported its best year ever in 2019, thanks to releases from BTS and other K-pop stars.

Axelle/Bauer-Griffin/FilmMagicBTS attend the 2019 Billboard Music Awards at MGM Grand Garden Arena on May 1, 2019 in Las Vegas.Big Hit Entertainment, the South Korean company behindBTS, had its biggest year ever in 2019, the company announced in a statement on Tuesday (March 31).

Twitter labeled Trump tweets with a fact check for the first time Coronavirus updates: NHL announces plan to resume season with amended playoffs Richard Herd, 'Seinfeld' and 'Get Out' actor, dead at 87

According to the statement, which referenced its 2019 auditor’s report, last year witnessed Big Hit’s best year to date, with a revenue flow of 587.2 billion South Korean won, or around US$507.9 million, and an operating profit of 98.7 billion KRW, or US$85.4 million.

Big Hit, which is headed by co-CEO’s Bang Si-hyuk and Lenzo Yoon, saw a 95% increase in revenue and 24% increase in operating profit versus 2018’s unaudited numbers that Big Hit previously reported.The company referred to physical sales being a major factor behind its success in 2019, with 3.72 million copies of BTS’s

Map of the Soul: Personaas well as sales of new act TXT’s twoThe Dream Chapteralbums adding to a total of six million album sales. A series of new business ventures andacquisitionsalso helped Big Hit see its immense growth during the 12-month period.“Big Hit pushed for optimizing its corporate structure in 2019 by transitioning into a multi-label system, while simultaneously sustaining explosive revenue expansion and high growth rate,” said a Big Hit spokesperson.

“BTS is making unprecedented achievements as Korean artists, and both TOMORROW X TOGETHER [TXT] and GFRIEND are continuing their growth. Big Hit has also secured an impressive pipeline of trainees; such an expansion of artist IP in conjunction with various business models that are expanding through the company’s corporate enterprise of specialized business entities led Big Hit to expect even further growth.”

For Big Hit and BTS, the hits keep coming. Earlier this month, the K-pop superstars scored their fourth No. 1 on thewithMap of the Soul: 7, Read more: billboard »

Bts is trash KINGS👑LEGENDS BTS_twt bts_bighit BigHitEnt Yea man! btsgrenre did that!!! Wow good for them NoMoreDreamOutNow saswati_n BTS ❤️❤️❤️❤️❤️ this video is awesome🌟 have a look. please subscribe for support. thanks Come fckin again? WHATS WITH THIS TITLE?! BTS_twt Você quis dizer com tudo .......💜

Riniastuti091 Mantan gw semua nih Our legends 💜 kings We proud of them💜🌸 KINGS BEHAVIOUR!💜 BTS_twt congratulations BTS_twt 💜💜💜 BTS u nice..keep going💜💜 chrt_free Read this. The legends💜💜 554bts BTS legends NikkiUwUz_ Yea! ✝️❤️🌷🌷🌷🌷👍 vyshot7 BTS brought Bighit where it is today People: Do u know Big Hit? Me: Oh! BTS!

BTS_twt raised the company with their blood, sweat & tears and BigHitEnt's gonna lead the next generation of k-pop industry. Yall mark my words.💅💅 BTW_twt raised the company with their blood, sweat & tears and BigHitEnt's gonna lead the next generation of k-pop industry. Yall mark my words.💅💅 Great news!

Of course. Only bts is their artist who brings money :D Reis What can I say my kings are the best 😎🔥💅 KINGS💜💅 BTS_twt No one asks It's BTS everyone. It means successful. BTS raised the company.

Germany faces big growth hit in first half, second-half recovery possible: ministerThe German economy faces a major setback in the March-May period but there is still a chance it could make up some of that lost ground in the second half of the year, Economy Minister Peter Altmaier told the Rheinische Post newspaper. These people (as well as the financial markets) are not taking seriously at all the major long-term toll Covid-19 will take on worldwide economic growth. All the European red tape rules: GDPR Basel_III_IV are German & meant to suffocate SMEs... now don't complain! Taxes in Germany & the EU are too high. It was easier to shift nearly all production to China than to reduce red tape! Bunch of idiots! MAGA realDonaldTrump POTUS solution covid-19..every citizen must have a bottle with 250ml vegetable oil.applyin on hands several times a day. Totaly forbiden the use of cloves. Using masks for at least 15 days from applying oil on hand. Then we have al the serios engeries in hospial.must reactivate economy

Breakingviews - Corona Capital: Dividends take a hit(Reuters Breakingviews) - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.

Days After a Funeral in a Georgia Town, Coronavirus ‘Hit Like a Bomb’“We came together at a funeral of someone we love, and everyone came up and got sick.” Albany, Georgia, now has one of the most intense clusters of the coronavirus in the U.S. A funeral has emerged as the source of infection. Zombies... At this point, over a month into US infection escalation, ignorance can no longer be an excuse, wtf did they think was going to happen. Press here 🦠 and then 🤍below to automatically remove age 80+ from your address book!

US authorities working on plan to allow virus-hit ship to dockUS authorities were finalizing a plan on Tuesday to allow a coronavirus-stricken cruise ship, the Zaandam, to dock in Florida after its operator warned that more passengers may die if it is left out at sea. "Already four guests have passed away and I fear other lives are at risk," Orlando I feel so sad no one wants them... I hope they are going to make it on land soon.

Backstreet Boys And Their Kids Belt Out Iconic Hit In Five-Way Video ConcertThe boy band sang 'I Want It That Way' from their respective homes as part of a coronavirus benefit concert. The new hit coronavirus song: 'I'll infect you my way' This takes me back lol

Facebook Aims $100 Million at Media Hit by the CoronavirusFacebook announced that it would dole out $25 million in grants to local news outlets. It will also spend $75 million in a marketing drive aimed at news organizations internationally in response to the economic downturn prompted by the coronavirus. 👉🇧🇷🇺🇸💪👍 ❤️ and can’t he donate to medical supplies