• BTS Label HYBE Turns a Modest First-Quarter Profit

    10 days ago - By Billboard

    HYBE Corporation, the label and management home of K-pop superstars BTS, turned in revenues of $158.7 million and a profit of $14 million in the first quarter of 2021, the company announced Tuesday .
    Without tours or big music releases, HYBE needed gains in what it calls “artist indirect involvement” for a 29% jump in revenue compared to the first quarter of 2020. Merchandising, licensing, content and fan club revenues rose 123% while “artist direct-involvement” - recorded music and concerts - fell 24%.
    These positive first-quarter results don't, however, come close to the company's...
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