Big Hit, the South Korean entertainment company behind BTS, will go public in 2020
Around the time of its initial filing, Big Hit disclosed that the company made $85.4 million of operating profits from revenues of $508 million in 2019. That’s also when Big Hit became the biggest shareholder in fellow South Korean company Pledis Entertainment, growing theit pivoted to in 2019 with its acquisitions of label Source Music and game developer Superb Corp.
Universal and Sony, in particular, should be paying close attention here, considering that both companies have dug their claws into the K-Pop movement over the last two years, signing the likes of BLACKPINK , SuperM , NCT 127 , TOMORROW X TOGETHER , Twice , Monsta X , and ATEEZ . While BTS distributes music their music in the U.S. through Columbia, and therefore Sony, the group is not signed to Columbia, and isn’t technically included on the American label’s roster.
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