Big Hit, the Company Behind BTS, Will IPO in 2020

  • 📰 RollingStone
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Big Hit, the South Korean entertainment company behind BTS, will go public in 2020

Around the time of its initial filing, Big Hit disclosed that the company made $85.4 million of operating profits from revenues of $508 million in 2019. That’s also when Big Hit became the biggest shareholder in fellow South Korean company Pledis Entertainment, growing theit pivoted to in 2019 with its acquisitions of label Source Music and game developer Superb Corp.

Universal and Sony, in particular, should be paying close attention here, considering that both companies have dug their claws into the K-Pop movement over the last two years, signing the likes of BLACKPINK , SuperM , NCT 127 , TOMORROW X TOGETHER , Twice , Monsta X , and ATEEZ . While BTS distributes music their music in the U.S. through Columbia, and therefore Sony, the group is not signed to Columbia, and isn’t technically included on the American label’s roster.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 483. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I wish they’d go behind closed doors

RT TO VOTE MTVHottest BTS BTS_twt

I can't wait to see bighit get bigger 🤗

YES go have your own office!!!!!

perhaps they'll talk about this during the community briefing?

bigshit wbk

Wbk this

👁

Kepo gara2 bighit go public ke bursa efek. Gila. PBV 2x aja ga kebeli itu saham. Apalagi 23x PBV nya. Market cap nya 4 trilliun?! PBV 23x?! Udah kayak Apple, Amazon, dkk astaga 🤯🤯🤯

august 21st

YEsss! Go BH

“BTS, Big Hit’s crown jewel, earned more from touring than any other musical group on the road in 2019, generating more than $196 million from less than 50 shows and outgrossing even The Rolling Stones.” For all those who ask, Why is BTS among this list of top stars?

Big Hit Ent is probably one of the best companies who have an excellent strategic planning, we often joke about them planning everything since December 4, 1992 😂👏💜

Yes ! cut that mf

Kpoop

Did they... did they just find this out? Like ARMYs has full on learning session to understand what's going on with BigHit and the other companies finances?

columbia and sony cant do shit for bts anyways

Second to last sentence 'While BTS distributes music their music in the US..'-- typo?

BigHitEnt buy Ariana Grande, Demi Lovato and Justin Bieber please.

BigHitEnt BTS_twt

Super Girl 🦸🏾‍♀️🦸🏾‍♀️🦸🏾‍♀️ Kissme Burna x PeeRocky_bz ⚪ afrobeats afropop

Oh?

Put them on the cover!

No matter what Happens, WE ARE GONNA STAY WITH BTS TILL THE END. ARMYS ARE ALWAYS THERE FOR OUR BOYS! MTVHottest BTS BTS_twt

Hi! New army here. What does going public mean?

dynamite out august 21

Best wishes for BigHit

How much to buy stock in BH you think? You think they'll let me buy 1$ worth 🤣😂😅

minaBtsOT7 Is it good or bad yall 🥺👉👈

yumikook95 Txt are actually signed? I didn’t know Not just distribution like bangtan? Just wondering

'The group (BTS) is not signed to Columbia, and isn’t technically included on the American label’s roster. Will Big Hit cut out the middle man following its eventual expansion? Pass the popcorn.'! 🥰💜 BTSARMY BTS_twt

Big hit makin big moves like always 🎶💜

Bighit don’t play games and neither does ARMYS ....expect us

Pre-save Dynamite by BTS_twt: Spotify: Apple Music: And Pre-order a digital copy:

Let's go, Bighit 🔥

Don’t forget to vote for bts for the vmas

'Will Big Hit cut out the middle man following its eventual expansion? Pass the popcorn'...

God I wish the I'm Fine performance was still up on youtube.

If they thought bts was something now... y’all ain’t seen nothing yet! BTS_twt 💜💜💜

Love manufactured art

Australia Australia Latest News, Australia Australia Headlines