@tmikpop
TMIKpop
9 months
As of the end of last year, BTS accounted for around 60% of Hybe revenue and thus to mislead investors on this issue would likely be considered a material misrepresentation of fact and would subject the corporation to FSS investigations and shareholder suits.
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@tmikpop
TMIKpop
9 months
BTS renews its contract with BigHit Music. All seven members of BTS will renew their exclusive contracts with their agency BigHit Music, promising to stay together in 2025 and beyond. The renewals will be made at different times because Jin and Hope are currently fulfilling their
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@tmikpop
TMIKpop
9 months
military duties. BigHit Music will donate 1B to Unicef (Korea per the Korean news) of 1B in the name of Army (per the Korean news). In a press release, Hybe said that with the renewal we will be able to see BTS as a whole, which we aim to see in 2025.
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@tmikpop
TMIKpop
9 months
Another K article said that the new exclusive contract period begins in 2025 () which is consistent with previous reports in the IPO documents that the previous contract renewal signed in 2018 would terminate at the end of 2024.
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@tmikpop
TMIKpop
9 months
I'm going to anticipate some questions here. First, a board resolution for renewal of contracts is unusual and suggests that there is some significant payout (either cash or shares) that required board approval.
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@tmikpop
TMIKpop
9 months
Second, individuals who are enlisted are not to engage in profit making activities which is why Jin and J Hope will not be able to re-sign until they are discharged. However, if they weren't committed to re-signing, BHM and Hybe would not be able to make the current statements.
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@tmikpop
TMIKpop
9 months
Source for the 60% figure:
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@ksjdeluna
rara
9 months
@tmikpop Baby languange? 😭
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@ttaeekookk
Daenerys Targaryen;༊
9 months
@tmikpop Hah aku ga ngerti
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@pjm_kg
dami⁷
9 months
@tmikpop crazyyy
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@jhi_bangtan
𓆩 GJ 𓆪
9 months
@tmikpop 60% of revenue is an insane amount of number
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@catyoonsie
Iny⁷ ꩜ .ᐟ
9 months
@tmikpop Hardest level of English:
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@Chocolataelove
Chocolatae⟭⟬𝒥𝑀𝓊𝓈𝑒
9 months
@tmikpop More than half of hybe's income is from BTS?😲😲😲they better treat the boys like kings
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@tresblue62
tres(ꪜ) Golden (busy)
9 months
@tmikpop They wouldn't risk so much on it without corroborating with the members Sure they are in military right now but such statements can only be released after verification from all members
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@Jkmaicena
Dalis
9 months
@tmikpop Namjoon posted this in his IG ,so ...🕴️
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@kucinggendut__
a y .
9 months
@tmikpop BUSET.
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@koolovethighs
Koku⁷ ✧ᵐᵘˢᵉ✧
9 months
@tmikpop FATHERS
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@minimanimo_uwu
L sofia
9 months
@tmikpop what type of payout could it be?
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@7jkmin
min875
9 months
@tmikpop I understand perfectly, thank you
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@savatryce
xis
9 months
@tmikpop seventeen could never
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@ot7_Jinssi
mitz•◡•⁷ | ᴾʳᵒᵒᶠ🔍⍤⃝🔎
9 months
@tmikpop Damn!! Hybe is nothing without BTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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@Wally04758938
Layover
9 months
@tmikpop the current contract runs until June 2026 because military service cannot be included in the contract. So Bighit is not lying by saying that they meet again in 2025. already covered by the current contract. I find this announcement really unclear.
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@Ajumeoni1
∞=8=BTS+ARMY:TAKETWO
9 months
@tmikpop Is that Hybe revenue or BH revenue? Sorry, cant read the naver post. 🙏💜
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