The post After BTS Announced Hiatus, Management Label HYBE Lost $1.7 Billion in Market Cap showed up first on Consequence.
Following BTS’ declaration of a “rest,” their administration mark HYBE Co. Lost $1.7 billion in market cap, an enormous plunge that didn’t switch even after the gathering explained, “We are not disbanding.”
The organization’s stock cost plunged an incredible 28%, The New York Times reports, arriving at a record-breaking low of about $108 (139,000 won) per share. HYBE, which was established as Big Hit Entertainment and which rebranded in 2021, made about $1 billion last year, with BTS alone representing a 58% expansion in income more than 2020.
The news is viewed as a negative sign for South Korea’s economy, where BTS contribute about $3.5 billion every year. The Korea Culture and Tourism Institute had felt that the Bangtan Boys would produce significantly more pay as pandemic limitations slackened, noticing that a solitary BTS show could procure $500 at least million.
On June fourteenth, BTS delivered a video where they examined enjoying some time off to seek after performance projects. “I figure we ought to part ways to figure out how to be one once more,” said J-Hope. “I want to believe that you don’t consider this to be something negative, and consider it to be a solid arrangement. I figure BTS will become more grounded that way.”
SUGA added, “dislike we’re disbanding!” But the declaration was immediately seen through a cynical focal point, and South Korean media connected the rest to the most established individual from the gathering, Jin, who is supposed to sign up for compulsory military help before the year’s over.
While trying to subdue their fanbase’s frenzy, BTS put out a second announcement on June fifteenth, underlining that each of the seven will “stay dynamic in different various organizations,” including collectively. There might be less nervousness among the BTS ARMY, yet HYBE’s stock cost has not recuperated.
This “second section” has previously started, and J-Hope is set to feature the end evening of Lollapalooza as an independent craftsman. Last week, the gathering disclosed the arrangement collection PROOF.
After BTS Announced Hiatus, Management Label HYBE Lost $1.7 Billion in Market CapWren Graves
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BTS’ Jungkook Says He Sees ‘All’ That ARMYs Posts Because He ‘Screens Everything’
Regardless of whether he’s continually composing, recording, and performing music with BTS, Jungkook carves out opportunity to see what’s going on via virtual entertainment. He even saw when an ARMY posted about the Seoul Jazz Festival, uncovering that he “screens everything” happening with BTS’ fan base.
Jungkook of BTS performs during the 64th Annual GRAMMY Awards | Emma McIntyre/Getty Images for The Recording Academy
Jungkook is the most youthful BTS part, showing up on “Consent to Dance,” “On the way,” “Margarine,” and “Explosive.” He’s a vocalist, artist, musician, and visual. He even coordinated the “Life Goes On” music video.
Obviously, Jungkook frequently shares his adoration and deference for BTS’ fan base. In June 2022, Jungkook talked with ARMYs on the live stream stage V Live, refreshing him on his most recent experiences inside and outside BTS.
Jungkook says he ‘screens all’ that ARMYs post on the web
Regardless of whether he’s on the planet’s greatest teeny-bopper group, Jungkook actually sets aside opportunity to find the ARMYs. The vocalist affirmed that he likewise watches out for patterns and virtual entertainment posts, in any event, responding to one picture from the Seoul Jazz Festival.
“I went to the Seoul Jazz Festival,” Jungkook told V Live watchers, as per a fan interpretation on Twitter. “That individual I endorsed for had posted it. I saw it. I saw the long post made by that individual. They’ve spoken so well about that occurrence.”
“Indeed, I really do see everything since I screen everything,” Jungkook added. This wouldn’t be whenever Jungkook first recognized a virtual entertainment post, as the icon frequently interfaces with Weverse clients.
Alongside the other BTS individuals, Jungkook made an individual Instagram account in December 2021, with the singer posting selfies, recordings of his canine, and, surprisingly, in the background show content. 온라인카지노
Jungkook shares his appreciation for the BTS ARMY
Jungkook even got a tattoo roused by his affection for ARMY. On every one of his fingers, this symbol added a letter that addressed the seven individuals from BTS. Together, they explained the name of BTS’ fan base. During his 2021 meeting with Weverse, Jungkook depicted the distinctions between performing for ARMY essentially and face to face. 안전놀이터
“There’s the music, the moving, and us,” Jungkook said. “Regardless of whether they’re all in balance, ARMY must be there to finish the scene. With regards to our shows, ARMY are the ones who purchased the tickets, and they’re the principal characters. I think all that we center around returns to ARMY.” 메이저사이트
“We share in one another’s sentiments, and they’re the wellspring of our solidarity, and I think they have collaboration with us,” he proceeded. “It’s sufficiently not to simply say ARMY and us like one another, or that we love one another. There’s something else to it besides that. It’s, well — I don’t have the foggiest idea. It’s difficult to adequately express.” 메이저놀이터