BTS agency Hybe beats concert slump with 30% profit gain (2024)

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BTS agency Hybe beats concert slump with 30% profit gain? ›

SEOUL -- The South Korean entertainment company behind the K-pop sensation BTS grew its group operating profit 31% to 190 billion won ($159 million) last year as music and merchandise sales offset slow concert revenue.

BTS average more than $8 million a night during a Los Angeles swing late last year, selling about $33 million worth of tickets during just four nights. That's more than all but 10 tours made during the entirety of 2021.

According to a new investor filing, HYBE's annual revenues grew 41.6% YoY to 1.77 trillion South Korea Won.

BTS' 'Permission to Dance on Stage' Broadcast Grosses $32.6 Million - Variety.

BTS were also the first Asian act to sell out the Rose Bowl. According to Billboard Boxscore, the North and South American leg of the tour generated $51.7 million in ticket sales and played to 384,498 fans over eight sold-out shows, becoming the highest-grossing concert tour in month of May 2019.

J-Hope. J-Hope net worth is estimated to be around $24-26 million, making him the richest BTS member. As per the site, the main dancer, lead rapper, and sometimes unique vocalist of the group owns a $2 million apartment in Seongsu-dong, Trimage Complex, Seoul.

A few weeks prior to its IPO, Big Hit handed 478,695 common shares in the company to the seven members of BTS. So on Thursday, the company's flagship group ended up with $108 million in shares, or $15.4 million per group member.

A report from February found that all seven members of BTS currently own more than 10 billion won (around $7.6 million) worth of HYBE stock each. Members Suga, Jimin, V, and Jungkook equally own 68,385 shares each.

A portion of those lucky enough to get the free tickets received them through an online portal operated by BTS agency Hybe. Others got their hands on passes through ticket vendors or by participating in promotional campaigns by corporate partners.

How many tickets did BTS sell for their concert? ›

The quartet of concerts racked up an incredible $33 million in sales, and the group managed to sell an astounding 214,000 tickets to fans who traveled to the city from not just across America, but the entire world.

As per reports from Touring Data, BTS earned $56.4 million from 623,761 tickets for their Allegiant Stadium concert, including the live show at MGM Arena and the live stream online.

They've also both swept up a vast number of awards, BTS with a staggering 407, The Beatles with 12, bearing in mind a lot more award shows exist now compared to when The Beatles were active.

BTS outsold some of the top groups in K-pop. A report also revealed that Big Hit Entertainment had a total of 563,022 BTS albums sold in 2015, outselling two major agencies (YG Entertainment and JYP Entertainment) in South Korea.

According to Celebrity Net Worth, J-Hope's net worth is $20 million, which is about the same for every member of BTS. However, according to multiple sites like Seoul Space and KpopStarz, J-Hope is reportedly the richest member of BTS, having a net worth of around $30 million.

What helped him to the position of the wealthiest member of BTS is his smarts. Pretty early on in their success, 2016, to be precise, the member invested in real estate. Koreaboo reported that he purchased a high-end apartment in Seongsu-dong, Seoul.

$500,000 per year donated by BTS for two years, beginning 2021.

All seven members of South Korean K-pop group BTS are set to become multi-millionaires, when their label Big Hit Entertainment goes public in October. Soaring demand for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares priced at the top of the expected price range.

Is HYBE a billionaire? ›

But Hybe has rebounded since, and revenue rose 56% to 1.2 trillion won ($939 million) in the first nine months of 2022 from the previous year, exceeding the sales of its three rivals combined. Bang has regained about $800 million, pushing his fortune to $1.8 billion, according to the Bloomberg Billionaires Index.

More Stories by Gil Kaufman. BTS members Jin, J-Hope and RM recently unloaded nearly 32,000 shares in their management company HYBE's stock, netting the trio a cool $8.4 million according to regulatory filings.

BTS does not own their masters however the members of the South Korean group BTS are reported to be receiving around $7.7 million in share awards when the record label company that represents them goes public.

According to Forbes, BTS' net worth in 2023 was estimated to be between $120-150 million, prior to the IPO of HYBE Entertainment. The members of the group have achieved immense success and wealth due to their exceptional skills in singing, dancing, and rapping. BTS is a South Korean boy band formed in Seoul in 2013.

The BTS Net Worth figures are tough to find; however, we can estimate our best based on their salary, endorsem*nt deals, and other projects. One thing we know for sure is that each BTS member has a base salary of $8 million a year.

As for royalties, BTS on Spotify received over $23 million between 2019-2020 and has become the highest-paid K-Pop band on the streaming platform. The latest BTS' Dynamite, released in 2020, received over 7,778,950 streams on Spotify and even set the record on becoming the highest Spotify Debut.

Per the Korea Times, BTS can earn up to about $4.5 million for every Korean brand they endorse—and that fee soars even higher when it comes to global endorsem*nts.

BTS sold more than 100,000 seats for their Busan concert and become Sold Out in just minutes !!! The media could not be played. According to many fans who were in the queue for the raffle, there were 450,000 people in the waiting room initially.

What concert did BTS sell out? ›

BTS' Busan concert venue filling up within 35 seconds proves their untouchable popularity. BTS have once again proved why they are called the sold out kings of K-pop. The boy group managed to fill up an entire stadium within just a few seconds.

BTS' concert saw 50,000 people in attendance in Busan and garnered 49 million viewership during livestream; group performs 'RUN BTS' for the first time. Through in-person concert, in-person live broadcast, online live stream and TV broadcast, the concert was viewed from 229 countries/regions.

BTS: The tickets for Bangtan Boys' upcoming Las Vegas concerts sold out within a few hours. A few fans were lucky to get their hands on the tickets. The tickets for BTS' upcoming Permission To Dance On Stage - Las Vegas went live on Wednesday and as expected, within hours the tickets were sold out.

The roughly 200,000 seats sold by BTS represent only a fraction of the visitors who will arrive in Southern Nevada during the Friday-Saturday, back-to-back weekend engagements.

How Much Does A Rock Band Make Per Concert? A rock band typically makes anywhere from $500 to $5,000 per concert, depending on the size and popularity of the band. Larger, more popular bands can make upwards of $10,000 per show. Musicians in the United States earn an average of $35,000 per year.

BTS cashes in on worldwide concert streaming, earning $90m in 3 days - Nikkei Asia.

Bts pays an average hourly rate of $823 and hourly wages range from a low of $712 to a high of $958.

However, the monetary cost involved is quite high. According to information provided by sources close to HYBE 4 years ago, it is estimated that BTS charges close to $5 million for a private concert.

That can leave anything between 50% and 70% of the gross, but there are no hard and fast rules for how that is divided between the act and the promoter. A commonly quoted figure is that the promoter will take 15% of what is left and the act will get 85%.

The oldest 100,000-crowd concert reported to Billboard Boxscore is Grateful Dead's gig at the Raceway Park, Englishtown, New Jersey on September 3, 1977. The concert was attended by 107,019 people, which remains the largest ticketed concert in the United States to date.

How much do idols get paid per concert? ›

A typical Kpop Group is six members…so they will split 10% amongst themselves. So let's say an event brings in $1 million. The Kpop entertainment company will take $900,000, and the group will take $100,000. That leaves around $16,000 per member.

They earned how much? BTS' Vegas shows among highest-grossing of 2022. K-pop superstars raked in over $35 million at Allegiant Stadium concerts.

As per a report in Seoul Space, BTS members have a base salary of $8 million a year. They also hold shares of HYBE stock which are valued at an additional $8 million for each member. Apart from being a member of globally famous BTS, these members also release their own singles and albums.

Although they have a lavish lifestyle, the BTS members are known for their humble personalities and do not publicly flaunt their fortunes. The members have donated to many charities, including food banks, animal shelters and children's medical funds.

Sources reveal that BTS members have a base salary of around $8 million per year.

Tours and Albums Sales Account for Most of Their Wealth

Thanks largely to those touring revenues, the members of BTS earned a combined $50 million between June 2019 and June 2020 and roughly $7 million per member.

BTS. Everyone's favorite K-Pop group, BTS, has a maximum booking price of $1,499,000 to tie them up with the other five artists.

1. Types of membership. There are two types of memberships provided - ARMY Membership, which costs $22, and ARMY Membership Merch Pack, which costs $150. Memberships can only be purchased via the Weverse Shop.