Other than their current success with ‘Dynamite’ topping Billboard’s Sizzling 100, in addition to successful the MTV VMAs, the enterprise aspect of issues can be beginning to look even higher than earlier than for BTS.
“WE, BTS, ARE NOT SEVEN; WE WILL BE THE STORY OF YOU, ME, AND OF US ALL.” BTS STAY CONNECTED WITH FANS IN RECORD-BREAKING VIRTUAL CONCERT, MAP OF THE SOUL ON:E
In Large Hit Leisure’s assertion yesterday, it has been introduced that the BTS members are actually shareholders of the company. Large Hit’s shares are valued at 135,000 received (US $115) every and can increase 962.55 million received (US $822 million), making the corporate’s worth a whopping 4.8 trillion received (US $4.1 billion).
Every member shall be granted 68,385 shares, which comes as much as about US$7.9 million after valuation. As such, the group shall be in possession of about 35.5% of the label, and 6.7% of the full 7,130,000 shares.
Extra congrats to BTS. Every member has obtained 68,385 shares of their company and every share shall be value as much as $113 when the company goes IPO this yr. Which means every member shall be not less than $7.7 million wealthy the second shares are listed. In fact it is solely a begin. pic.twitter.com/muyaWvItoD
— Sam Kim (@samkimasia) September 2, 2020
At the moment, Founder and Co-CEO Bang Si Hyuk is the biggest shareholder with 43.55%, adopted by gaming firm Netmarble, which is based by Bang’s cousin, Bang Jun Hyuk.
On Monday (28/9), Large Hit Leisure filed the largest inventory market itemizing in South Korea since July 2017. The transfer finally makes Bang a billionaire and the 7 BTS millionaires. The corporate formally goes public on October 15.
JUST IN: #BTS report label Large Hit Leisure will increase about $820 million from its IPO after pricing shares on the prime finish of the vary.
The itemizing is about to make founder Bang Si-hyuk a billionaire whereas turning the singers into multimillionaires. https://t.co/9aAc2GOX3K
— Bloomberg (@enterprise) September 28, 2020
The rise in shares was finalised after BTS was described because the label’s “principal artist”, being largely accountable for almost all of Large Hit’s earnings. After the coronavirus outbreak, the company was stated to have suffered from barely lowered revenue resulting from live performance cancellations – however managed to recuperate with album gross sales, which have been up by 70%.
By the top of 2018, the variety of workers at Large Hit was 167. After the primary half of 2020, 892 workers members now work for the corporate, therefore the transfer of its headquarters to the brand new workplace in Yongsan, with plans to maneuver in someday early subsequent yr.
— Hyunsu Yim 임현수 (@hyunsuinseoul) September 2, 2020
In keeping with enterprise reporter Yim Hyunsu, BTS “accounted for 87.7% of Large Hit’s income through the first half of 2020, 97.4% throughout the entire of 2019 and 98.2% in 2018.”
He additionally stated that following the rise in shares, the corporate believes the partnership with BTS would develop stronger as artists and creators.
Nevertheless, as Jin is because of enlist by the top of 2021, Large Hit is weighing their choices and alternatives to cut back any threat posed by his absence, equivalent to “equivalent to pre-making albums and different content material and dealing across the schedule flexibly with the bandmates who can be found”.
— Soompi (@soompi) September 3, 2020
This is what some ARMYs have stated in response to BTS proudly owning stakes within the firm:
BTS are actually formally partial homeowners of Large Hit Leisure. So mainly they’re now shareholders of Large Hit. Co- homeowners to simplify. Woah, Jin can now pursue his dream to construct JinHit leisure…. That is enormous guys… Can u hear me? They’re now Co-House owners of BigHit Ent. pic.twitter.com/IXP6eb3uTF
— bubbly⁷ ♡ (@_Gabriellakim) September 2, 2020
BTS are formally partial homeowners of Large Hit Leisure.
As they need to. They deserve this as a result of think about their struggles approach again 2013 then grew to become the largest group on the earth. THE GLOW UP THAT ONLY MATTERS.
— lhai⁷ (@dailyjoonie) September 2, 2020
“BTS are actually formally partial homeowners of Large Hit Leisure”
“every member shall be not less than $7.7 million wealthy the second shares are listed”
Y’ALL SEEING THIS??????? BTS IS RICH RICH
— micks⁷💫 (@jiminoosaurus) September 2, 2020
“BTS are formally partial homeowners of Large Hit Leisure.”
— tannie⁷ •̀ㅅ•́ (@taesnowhite) September 2, 2020
Once you learn this “BTS are actually formally partial homeowners of Large Hit Leisure” You’ll suppose that BTS have been critical, strict, prim and correct, silent and many others. However in actuality they’re… pic.twitter.com/14tR8jmA9B
— Hartsue (@Haaarrrtttsss) September 2, 2020