Music Industry News

Time to Clone BTS? Big Hit Invests $3.6 Million In ‘AI Voice’ Company Supertone

BTS rapper Suga. Photo Credit: Korea Herald BTS agency Big Hit Entertainment has invested about $3.6 million (four million South Korean won) in Supertone, a creator of AI voice-replication technology and audio-enhancement tools. Big Hit recently unveiled the multimillion-dollar investment, which totaled approximately $3.57 million based upon the exchange rate at the time of this […]

Music Industry News

BTS Label Big Hit Entertainment Generates $715MM+ In 2020 Revenue

BTS agency Big Hit Entertainment experienced a 36 percent year-over-year earnings hike in 2020, according to a newly released financial report, for total income of $717.37 million. The 16-year-old company’s 2020 financial performance encompassed a noteworthy year-over-year revenue uptick in spite of the COVID-19 pandemic and the fact that Big Hit earned north of $500 […]

Music Industry News

Is There Room for Another BTS? UMG, Big Hit Are Creating a ‘New Global K-Pop Boy Group’

Universal Music Group and Big Hit Entertainment have teamed up to create “a new global K-pop boy group” in the United States – in addition to establishing a record label for this as-yet-unformed act – as part of an “expanded strategic partnership.” The Big Three record label and the BTS agency recently unveiled their bolstered […]

Music Industry News

BTS Agency Big Hit Entertainment Prepares $63.2 Million Investment In YG Entertainment

BTS agency Big Hit Entertainment is reportedly preparing to invest $63.21 million (70 billion South Korean won) in Seoul-headquartered K-pop agency YG Entertainment. As part of this multimillion-dollar investment, Big Hit Entertainment will front approximately $27.09 million (₩30 billion) in the 24-year-old YG Entertainment’s YG Plus subsidiary, while Big Hit’s beNX tech subsidiary will provide […]