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  1. Big Hit Entertainment spoke up about the issue involving Joseph Kahn. The August 14 episode of SBS' 'One Night of TV Entertainment' covered the recent issue involving Joseph Kahn. The Korean American MV director came under fire for accusing BTS of undergoing plastic surgery and making other controversial remarks about Asians in general. Despite the heavy criticism, Joseph Kahn refused to apologize. SBS reached out to BTS' agency for a comment on the issue. Big Hit Entertainment simply stated, "We have nothing official to say. We will focus on our comeback." BTS is scheduled to release the repackage album 'Love Yourself: Answer' on August 24. cr allkpop
  2. Despite the unfair profit distribution, there are hundreds of trainees that audition for this company every year.The proportion of income distribution between artists and their agency is always a hot topic on the social forums. The list below indicates the profit allocation ratio of 5 big Kpop entertainment companies in the present. You will immediately realize which company is accused of misappropriation and blood-sucking its artists.YG (BigBang, Winner, Black Pink, iKon,…)Contract years: 7 yearsPhysical sales: Agency(50%), Artist (50%)Physical sales renewed: : Agency(30%), Artist (70%)Events: Agency(40%), Artist (60%)Overseas promotions: Agency(50%), Artist (50%)* Dividing income even in circumstance of not reaching the break-over point.YG entertainment is considered the most gracious agency of Kpop. Besides the continuously delayed comeback, YG always gives the best working condition for their artists, which is evident as profit almost distributes in the proportion 50:50. Artists get the higher percentage than their agency in the revenue from event activities and physical sales. Moreover, YG artists have an enjoyable and high individual freedom lifeBig Hit (BTS)Contract years: 7 yearsPhysical sales: Agency(50%), Artist (50%)Physical sales renewed: : Agency(30%), Artist (70%)Events: Agency(50%), Artist (50%)Overseas promotions: Agency(30%), Artist (70%)* Dividing income even in circumstance of not reaching the break-over point.Apart from YG, Big Hit can also be considered as an impartial company referring to the money issue. The enormous revenue Big Hit earns from BTS is obviously demonstrated by the boy group. All of the members receive the equivalent income to their effort. BTS have a lot of overseas promotional activities; therefore, the proportion 30:70 is certainly profitable for each member.JYP (Got7, TWICE, Suzy,…)Contract years: 7 yearsPhysical sales: Agency(50%), Artist (50%)Physical sales renewed: Agency(30%), Artist (70%)Events: Agency(60%), Artist (40%)Overseas promotions: Agency(50%), Artist (50%)* Dividing income even in circumstance of not reaching the break-over point.Though not being a major player compared to SM or YG, JYP always distributes their income equally. JYP artists receive a half of total profit for almost every activity.FNC (CNBlue, AOA, FT Island,…)Contract years: 7 yearsPhysical sales: Agency(60%), Artist (40%)Physical sales renewed: : Agency(60%), Artist (50%)Events: Agency(60%), Artist (40%)Overseas promotions: Agency(50%), Artist (50%)* No income division in circumstance of not reaching the break-over point.Apart from overseas promotions, almost other activities of FNC are divided in the proportion 60:40. Nevertheless, if artists do not reach the break-over point, income will not divide as agreement. This is one of the contract terms that makes FNC artists distressed. AOA confessed that they hadn’t been receiving any settlement for 3 years after their debut as their income didn’t reach the FNC’s break-over point.SM (EXO, Red Velvet, SNSD, Super Junior, SHINee, NCT,….)Contract years: 7 yearsPhysical sales: Agency(95%), Artist (5%)Physical sales renewed: Agency(90%), Artist (10%)Events: Agency(60%), Artist (40%)Overseas promotions: Agency(30%), Artist (70%)* Dividing income even in circumstance of not reaching the break-over point.Presently, SM still remains in their position as the most unfair profit allocation in the entertainment industry, while physical sales are divided in the proportion 95:5. Other activities are also distributed in the ratio 70:30. It is clear that their idols don’t receive their deserving salary to their labor effort. As the evidence, in the history of SM, many idols stood up for their justice such as DBSK, Kris, Luhan, and Tao.Despite being the biggest entertainment company in the Kpop industry, SM entertainment company is always condemned for their rigid profit distribution that has made their idols decide to file a lawsuit against their own agency. However, nobody can deny the fact that SM idols are nearly always famous. This is the reason why this company has hundreds of trainee participate auditions, regardless of its notoriety.
  3. Article: [Exclusive] CJ-Big Hit launch a joint company... training the 'second BTS'Source: Korea Econ via NateThe company will be named 'Belief' and has a capital of 7 billion won (CJ owns 51%, Big Hit owns 49%) with an intention to create their own global idol group (essentially a second BTS). They will start with a global audition program early next year.1. [+366, -20] No, no, no, this is useless. Just take care of BTS.2. [+348, -18] No... this is the time to be focusing on BTS. Don't get greedy ㅠㅠ3. [+268, -21] I don't care what group Big Hit debuts with CJ, I will remain loyal to BTS! BTS will be the first and last idol group that I will be a fan of.4. [+29, -4] BTS is just now getting started, please focus on them ㅠㅠㅠㅠㅠ5. [+26, -4] Why is Big Hit doing this... ㅠㅠㅠ6. [+26, -2] Ugh... CJ would sooner die than give up on audition shows...7. [+23, -2] Enough with these audition shows ㅡㅡ use that time and money on pushing BTS8. [+21, -1] It's quite obvious that CJ is trying to use BTS and Big Hit's popularity to launch an audition show like 'Produce 101'...9. [+19, -6] Hul ㅡㅡ... well I guess that guarantees this next group immediate fame. Just being known as the direct junior to BTS will be enough to launch them into fame, especially with CJ and Big Hit backing them.10. [+17, -3] Does Big Hit think BTS succeeded because of them? Big Hit hasn't done anything right ㅋ BTS made it all on their own11. [+17, -2] Agencies don't seem to realize that legends like Jo Yong Pil or Seo Taiji's success was never reliant on an agency "training" them12. [+11, -0] Big Hit has fallen for the seduction of a large corporation ㅠㅠ cr netizenbuzz
  4. Big Hit Entertainment and CJ E&M will launch collab joint venture entertainment company in August Plan to take #1 in global contents w/ CJ's management. Will create a new global (KR JPN USA CHN EU) audition program, for new talents airing 1st half 2019. The new audition program will focus on discovering new gems, people without an agency. They are also looking to have people from the show debut as a soloist or in a group
  5. SM, JYP, YG, FNC, Big Hit, Star Empire, and Mystic will partner up to establish the Korean version of VEVONew organization "Music & Creative Partners Asia Corporation" (MCPA)They will serve as the reps for MV distribution on YouTube, other platforms in the future
  6. [THE INVESTOR] On the back of K-pop boy band BTS’ meteoric rise, its label Big Hit Entertainment’s market value could top 2 trillion won (US$1.85 billion) when it goes public, beating its bigger domestic rivals, market experts said on May 29. “Big Hit could beat SM Entertainment to reach 2 trillion won in market value if it goes through with an IPO,” said Lee Ki-hoon, an analyst with Hana Financial investment. In a recent interview, Big Hit founder and CEO Bang Si-hyuk said he is mulling a possible IPO. The agency is home of BTS, the fast-rising boy band that became the first K-pop group to top the US Billboard 200 chart on May 27 with its new album “Love Yourself: Tear.” The markets have been predicting its IPO for the past 1 1/2 years. Industry watchers now believe the label will apply for a preliminary screening in the second half of this year. Big Hit stocks were estimated to be worth around 783 billion won in March when local game developer Netmarble bought 25.7 percent stake for 201.4 billion won. As of May 29, the market cap of SM came to 918 billion won, followed by JYP with 849 billion won and YG with 519 billion won. In terms of operating profit, Big Hit has already bested these three K-pop powerhouses. Last year, its operating profit stood at 32.5 billion won, up 213.5 percent on-year. The figure for SM was 25.6 billion won, while YG posted 25.8 billion won and JYP had 17.9 billion won. This year, Hana Financial expects Big Hit’s sales to exceed 150 billion, while posting an operating profit of 50 billion won. source
  7. Article: 'BTS' Will Bang Shi Hyuk become a 'trillion won company' before JYP's Park Jin Young?Source: Mydaily via Nate1. [+1,234, -116] Bang Shi Hyuk is too humble. If it was Park Jin Young who produced BTS, he would already be out on a million TV shows like 'Knee-Drop Guru', shot a documentary about it, called them a world star every chance he got, maybe even put out a book... He was like that with Rain, I can't imagine with BTS... ugh.. don't even want to think about it.2. [+1,168, -57] Bang Shi Hyuk doesn't like showing off, can't compare the two3. [+959, -38] Wow~~~~ can't believe one team like BTS alone is worth a trillion won...4. [+79, -1] Bang Shi Hyuk once said on a TV show, "I went through so much difficulties in my past that I promised myself that once I became successful, I'd never forget my roots and always be like a hyung to my artists." I hope that promise lasts forever.5. [+76, -5] Yeah, Bang Shi Hyuk really doesn't brag ㅋㅋㅋㅋㅋ6. [+66, -3] It's obvious that he cares more about his artists than his own greed... I'm glad that BTS isn't too fixated on changing their music style to suit the American market. Good luck to everyone!7. [+63, -4] Park Jin Young tried so desperately hard with the Wonder Girls to get on the Billboard and never made it... and yet it was Psy and BTS who never even cared about the international market that got recognized in the end.8. [+54, -4] Doesn't really matter how big Hallyu is in China, Japan, or SEA... all it takes is America recognizing you for that one shot at blowing up.9. [+53, -10] Bang Shi Hyuk did what Park Jin Young failed to do10. [+50, -4] Not one of JYP's artists succeeded in America, it was all media play. Rain? Wonder Girls? Doing a few promos there doesn't mean you're successful. Same for SM. BoA tried but was sorely embarrassed. She was accused of copying Britney Spears ㅋㅋㅋㅋㅋㅋㅋㅋㅋ11. [+50, -5] Park Jin Young's probably seething at this article.. ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ12. [+37, -4] I doubt Park Jin Young cares since he knows he's already been 'saved' and is destined for heaven ㅋ13. [+31, -0] Park Jin Young boasted so hard about Rain being a world star every chance he got... seeing BTS now makes me realize how ridiculous that was back then ㅋㅋ this is why everyone should learn to be humble.. All the idols from huge agencies who looked down on BTS when they were nugus can barely open their mouths now at BTS ㅋㅋㅋ I hope BTS stays humble and stays out of scandals. Show everyone what true world stars are like.
  8. SM: I don't know what you want so I brought everything JYP: I don't know what you want so I'm here instead YG: I don't know what you want so I didn't do anything Pledis: I'm trying to figure out what you want YMC: I don't know what you want so I won't do anything Cube: Who cares what you want Big Hit: I know what you want so trust me and follow me - Pann: Bait style of companies 1. [+369, -7] Pledis has another one - I thought you want this, no? 2. [+252, -17] ㅋㅋㅋ Big Hit is the best 3. [+176, -6] Ugh... SM: I don't know what you want so I brought everything YG: I don't know what you want so it's all mine JYP: I don't know what you want so I'm here instead Cube: I don't care what you want 4. [+145, -5] Big Hit ㅋㅋㅋㅋ This is from BTS' practice video of Not Today ㅋㅋㅋ They know fans too well... 5. [+140, -3] Can be explained in one picture 6. [+115, -0] YMC - I don't know what you want but I want money 7. [+88, -0] YMC - I don't know what you want so please vote 8. [+84, -0] Big Hit - I know what you want more than you do 9. [+72, -0] Woollim - I don't know what you want so I brought my type 10. [+67, -3] I think idols from Cube and Pledis get popular by their own... Seventeen, NU'EST, and Pentagon got popular by their own talent rather than the companies' work. KPKF
  9. Pann: 2017 ranking of physical sales by companies 1. [+141, -5] BTS is daebak 2. [+113, -5] Wow, how many did Big Hit sell with BTS? Amazing 3. [+130, -4] BTS sold 2.6M alone ㅋㅋㅋㅋ Cool 4. [+39, -17] BTS is by themselves and SM has more than 10 teams including subunits and solos... Amazing. 5. [+31, -0] SM has a lot of popular idols like EXO, Red Velvet, SHINee, and NCT so it's not surprising that they're #1. Big Hit and YMC are doing well just with BTS and Wanna One ㅋㅋ That's amazing. I'm surprised that Pledis is catching up. Pledis revived with NU'EST and Seventeen is still a trend. Pristin did well for a rookie girl group. YG is unexpected. Their digital sales are huge but their public recognition is bigger than the fandom. Doesn't mean that they have a small fandom but just big public recognition compared to it. 6. [+29, -0] Is Pledis real ㅋㅋㅋㅋ i'm already annoyed because Pledis will become arrogant with this. Pledis, it's not that you guys are doing well, it's the artists that did well. You guys are only greedy over money and don't deserve to be on the list. 7. [+24, -0] Around Us ㅋㅋㅋㅋㅋ 8. [+23, -0] Big Hit achieved it by BTS alone ㅋㅋㅋㅋ Daebak 9. [+21, -0] It's like the idiom "one successful daughter over ten sons". Big Hit sold that much with BTS alone. Really amazing. 10. [+20, -0] Wow, Big Hit is amazing... Around Us is also made by a re-debuted group. It's cool that they're on the ranking.
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