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Is Blackpink leaving YG?

The globally renowned K-pop girl group Blackpink’s exclusive contract with YG Entertainment ended in August, but it remains unclear whether or not the group will renew their contract with the agency and rumors over the group's future have continued to circulate. The rumors were further fueled after Blackpink's Rose was spotted in Paris with Ron Perry, the chairman and CEO of Columbia Records. A pictu...

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Digital divide sees senior citizens having difficulty using kiosks

Digital divide sees senior citizens having difficulty using kiosks

Seoul , Soult-ukpyolsi , South-korea , Gyeonggi , Kyonggi-do , Namyangju , Korea , Bahk-eun-ji , Lee-sun-hwa , Eunpyeong-district , Gyeonggi-province

Researcher Says Comebacks of BTS, SEVENTEEN, & More Will Make up for the Loss in HYBE's 1st Quarter Sales and Profit

By
Apr 22, 2021
HYBE saw a decrease in album sales in the first quarter of 2021, potentially affecting the total sales and operating profit. But a researcher said that comebacks of BTS, SEVENTEEN, and other artists will help improve the earnings in the second quarter.
On April 22, media outlets reported that HYBE's earnings in the second quarter of this year will grow with the help of Ithaca Holdings and comebacks of K-pop artists like BTS, SEVENTEEN, NU'EST, and GFRIEND, according to a researcher of KB Investment & Securities.
HYBE's 2021 1st Quarter Sales and Profit Expected to Be Lower Than 2020 1st Quarter
Researcher Lee Sun Hwa shared that they maintained the Buy rating and target price of HYBE to 305,000 won. Lee continued that they expect the sales and profits of HYBE (formerly Big Hit Entertainment) to be lower than last year as there has been a decrease in album sales in the first quarter of 2021.

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BTS company Hybe looks onward, upward with Ithaca merger

BTS company Hybe looks onward, upward with Ithaca merger
Posted : 2021-04-06 16:08
Updated : 2021-04-06 17:04
In this Jan. 26, 2020, file photo, South Korean K-pop band BTS arrives for the 62nd annual Grammy Awards in Los Angeles. AP
Hybe, the K-pop powerhouse behind BTS, is set to cement its footing here and accelerate its overseas push with a billion-dollar deal to buy Scooter Braun's Ithaca Holdings.
In a surprise move, Hybe on Friday announced a plan to acquire a 100 percent stake in the U.S. media group in a US$1.05 billion deal that would bring together some of the world's biggest pop musicians ― BTS, Justin Bieber and Ariana Grande to name a few.

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BTS agency acquires Ithaca Holdings, joins K-pop, U.S. artists

BTS agency acquires Ithaca Holdings, joins K-pop, U.S. artists
By
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BTS performs on "Good Morning America" in Central Park in New York City in 2019. File Photo by John Angelillo/UPI | License Photo
Ariana Grande arrives for the Grammy Awards at Staples Center in Los Angeles in 2020. File Photo by Jim Ruymen/UPI | License Photo
Justin Bieber attends the unveiling ceremony honoring Sir Lucian Grainge with the 2,685th star on the Hollywood Walk of Fame in Los Angeles in 2020. File Photo by Jim Ruymen/UPI | License Photo
SEOUL, April 6 (UPI) -- The South Korean music label representing BTS is acquiring Ithaca Holdings for $1.05 billion.

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STIC speeds up divestment from BTS agency

STIC speeds up divestment from BTS agency
Posted : 2020-12-22 16:51
By Park Jae-hyuk
STIC Investments is accelerating efforts to exit its investment in Big Hit Entertainment, the label of K-pop phenomenon BTS, in an attempt to maximize profit.
The domestic private equity firm (PEF) sold 400,000 shares for 66 billion won ($59 million) in a block deal. This came two months after the third-largest shareholder of Big Hit unloaded 196,177 shares for 61 billion won, Oct. 15, the first day of the entertainment firm's listing on the benchmark KOSPI bourse.
Market analysts expect STIC will sell additional shares when the lock-up period is over on Jan. 15. The PEF agreed earlier it would not sell 70 percent of its stake in Big Hit for three months after its listing, to reduce the market overhang impact. Market overhang refers to a buildup of selling pressure for a stock among traders, who have mostly held back due to fear of a decline in the stock's value.

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