• Breaking Down BTS Label Big Hit's 2020 Earnings

    12 days ago - By Billboard

    While other record labels around the world have found growth through streaming during the coronavirus pandemic, Big Hit Entertainment, home to superstar group BTS , has continued to thrive the old-fashioned way: by selling albums and merchandise.
    The South Korean music company - which profits off recorded music, touring and merchandising and licensing - navigated the 2020 concert shutdown and improved revenue 36% to $716.7 million for the year, Big Hit announced Tuesday in its annual earnings report. Albums were Big Hit's big moneymaker last year, accounting for 40.2% of all income...
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