, booked a 21% increase in net profits in the three months to June 2021 and said that its artists had returned to “full-fledged” activities following the coronavirus hiatus.
Album sales rose by 96% to KRW107 billion due to new releases from BTS, Tomorrow X Together and Seventeen. Content sales surged by 146% to KRW 91.3 billion due to the success of BTS’ online fan meeting in June, HYBE reported. Revenue earned from advertisements, artist appearance fees, and management increased by 77% quarter-on-quarter to KRW 21.6 billion .
At a conference call held after the results announcement, management returned to the theme of international expansion, saying that it will boost staff at its major hubs in Korea, the U.S., and Japan.
THE MUSIC INDUSTRY
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sony Group Delivers Profit Growth as SPE and Games Earnings RetreatProfit increases from music failed to outweigh declines from film and TV and from games at Japanese electronics and entertainment giant Sony Group. But, overall, the group was able to report a 9% i… Imagine if they still made phones. Sony Sony Pictures might not be for sale but they followed in Paramount's footsteps selling off many of their films to streamers rather than giving them theatrical release including The Mitchells vs. the Machines, Vivo and Cinderella
Source: Variety - 🏆 108. / 63 Read more »
JPMorgan upgrades Under Armour to overweight after earnings beat, thinks stock can run 30% higherNew for subscribers: JPMorgan upgrades Under Amour to overweight after earnings beat, thinks stock can run 30% higher. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
The Duo Who Help the Fashion Industry Land Dream JobsBilly Clark and Clayton Apgar have worked with many in the fashion industry on career moves, and they’ve put their secrets in a book for all. I’d like to be Linda Fargo assistant 😁
Source: wwd - 🏆 24. / 68 Read more »
Roku tops earnings expectations but account growth comes up shortRoku Inc. delivered better-than-expected earnings and revenue Wednesday but its shares slipped in the extended session after active-account growth came up... Hilarious
Source: MarketWatch - 🏆 3. / 97 Read more »