BTS Helps Label Big Hit Entertainment to Record Result In 2018

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The South Korean leisure firm behind BTS loved main good points in 2018, thanks partly to their world-famous boy band.

On Tuesday (March 19), Big Hit Entertainment revealed that it had practically doubled its working revenue in 2018 versus the prior 12 months, to 64.1 billion Korean gained ($56.72 million). Operating revenue was up 97% % from 2017.

The firm additionally posted income of 214 billion KRW ($189.38 million), a 132% on-year achieve. Big Hit’s 2018 web earnings was 50.2 billion KRW ($44.41 million), up 105% year-on-year.

“Following 2017, 2018 was the 12 months that confirmed finest document in each charge of return and the scale of enterprise, as a result of BTS’ record-breaking path and growth in enterprise areas,” the company stated in an announcement, stories The Korea Herald. “We constantly improved our administration system to innovate enterprise mannequin in music trade, whereas found new areas of enterprise.”

BTS topped the Billboard 200 final 12 months with each May’s Love Yourself: Tear and August’s Love Yourself: Answer, which bought over 5 million album models mixed in response to the International Federation of the Phonographic Industry's year-end accounting.

Earlier this month, Big Hit Entertainment announced the promotion of former chief enterprise officer Lenzo Yoon to co-chief government officer alongside the corporate’s founder Bang Si-hyuk. The firm just lately launched a brand new boy band TOMORROW X TOGETHER -- often known as TXT --, which debuted on the Billboard 200 earlier this month. 

BTS are set to launch a brand new album, Map of the Soul: Persona, on April 12 forward of their upcoming Love Yourself: Speak Yourself stadium tour dates. The album has already bought over 2.6 million copies in pre-orders alone.