Big Hit founder Bang Si-Haik has taken ownership of $ 1.4 billion.
BTS or Bangtan Boys, who caused a panic on the internet with their first English song ‘Dynamite’, have now become the owners of crores. The company’s market value has risen to $ 4 billion (approximately Rs 29,600 crore).
- News 18
- Last updated:September 29, 2020, 8:32 am IST
The Dynamite Song has been included on the Billboard Hot 100 At the same time, BTS debuted in 2014 with its single album ‘2 Cool 4 Skool’. The band’s album turned out to be a hit and was awarded the ‘Top Social Artist Award’ at the 2017 Billboard Music Awards. Here, the band’s super hit song ‘Dynamite’ took first place on the ‘Billboard Hot 100’ chart. Let us know that since Q Sakamoto’s song ‘Sukiyaki’ in 1963, ‘Dynamite’ is the first Asian song to top the US rankings. Also read: Case postponement of bank loan payment until October 5, Center seeks time at Supreme Court More dependence on BTS can cause problems According to the IPO filing data, BTS contributed 97 percent to ‘Big Hit’ last year and about 88 percent of its profits in the first half of 2020. Big Hit’s revenue fell only 8 percent in the six months to June. up to 294 billion, but the company believes the coronavirus could have a major impact on earnings. It is believed that the music company Big Hit’s over-reliance on BTS in terms of revenue could drive it to losses. This is because, according to the rule of the country’s military, there is provision to provide at least two years of service to the youth between the ages of 18 and 28.