Big Hit Entertainment Revenue before and after BTS PDF

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Big Hit Entertainment Revenue before and after BTS

Big Hit Entertainment was close insolvency in 2007. Because of the achievement of early groups 8Eight and 2AM, the producer Bang managed to keep the company out of debt and later created the kpop boy-band BTS in 2013. According to a recent report by Hyundai Research Institute Big Hit Entertainment surpassed $1 billion in corporate worth. The estimate anticipated that the actual valuation is between $1 billion and $2 billion. Many people consider that the foundation of Big hit’s success is formed due to the organization's benefit in both the Western and Eastern markets, its lenient policies towards their artists’ imaginative music styles and creativity. Big Hit Entertainment as of now works as a privately owned business. Producer Bang Si-hyuk hold the largest stock from Big Hit Entertainment stock. The second biggest shareholder is a Korean mobile gaming company called Netmarble as it acquired 25.71% by paying 201.4B KRW (191.8M USD) in 2014. As indicated by the Korean Entertainmen's entire year review report, net benefit of Big Hit Entertainment rose 172.7% from 2016, arriving at 24.5 billion KRW, or around $22.9 million USD. It is the most noteworthy as far back as the organization was established in 2005. Big Hit announced its present total assets as 61.2 billion KRW, or about $57 million USD, a long ways from 2007 when the organization almost failed before hitting accomplishment with groups 8Eight and 2AM in the late '00s and mid '10s.

Source: hani.co.kr

For first time Big Hit Entertainment published their reports in March 2018, detailing income at 92.4B KRW (~82M USD). Whenever it goes into an IPO, the organization itself could arrive at an estimation of up to 700B KRW (~624M USD), conceivably removing the commonly incredible "Big 3" organizations SM Entertainment, JYP Entertainment, and YG Entertainment. This would make CEO Bang Si-Hyuk the richest in the South Korean entertainment business because of his huge shareholding position, and leave him with individual possession estimation of generally 350B KRW (~314M USD).

In August 2018, Big Hit Entertainment and CJ E&M, another Korean stimulation organization, discharged data expressing plans to make a joint venture. Recorded under the name Belief, the organization will allegedly be part 52% to CJ E&M, and 48% to Big Hit. The band is set to make a big appearance in 2020. CJ E&M's ongoing attack into idol creation network shows, for example, Produce 101 and Big Hit's growing worldwide auditions are probably going to be the endeavor reasoning of the new organization.

In October 2018, private venture firm STIC Investments got an announced 12% portion of Big Hit Entertainment, a speculation of generally 104B KRW (~93M USD). As per the Investor, Big Hit's posted income and working benefit of 92.4B (~82M USD) and 32.5B KRW (~29M USD) is relied upon to return more than twofold at 230B (~205M USD) and 83B KRW (~74M USD) before the part of the arrangement. Big Hit was casted a ballot best venture organization of the year for 2018 at the Korea VC Awards.

In March 2019 the organization declared their 2018 review report. They encountered a 132% expansion in deals contrasted with 2017 making roughly 214.2B KRW, or about US$ 189.38 million. They had a 97% percent expansion in working benefit for the year making 64.1B KRW (US$56.72 million) and a 105% percent increment in net benefit making 50.2B KRW (US$ $44.41 million)....