Music Business Worldwide February 23, 2021 BTS perform during BANG BANG CON The Live BTS megafans who bought shares in Korea’s Big Hit Entertainment last year are looking like master investors right now. According to new documents filed in Korea and reviewed by MBW, Big Hit generated 796.3 billion KRW (approx $676 million) in the 12 months of 2020. That meant Big Hit, which floated on the Korea Exchange in October, saw its annual revenues grow 36% YoY versus 2019. Big Hit’s yearly revenue haul in 2020 was more than twice the size of the 301.4bn KRW the company generated just two years earlier, in 2018. Perhaps what’s most remarkable about Big Hit’s revenue growth last year was that its live concerts division – its biggest revenue-generator in 2019 – saw annual revenues sink by 98% to just 3.4bn KRW ($2.9m) due to the impact of Covid-19.