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Tag: HYBE

  • Okay-pop band BTS’ company staff accused of insider buying and selling

    By means of AFP

    SEOUL: 3 staff at HYBE, the company at the back of Okay-pop megastars BTS, had been accused of insider buying and selling by way of South Korea’s monetary watchdog over percentage gross sales prior to the gang’s bombshell “hiatus” announcement.

    In a YouTube video posted on June 14 final 12 months, BTS’ band individuals instructed enthusiasts they have been taking a destroy from the supergroup to concentrate on their solo careers, mentioning exhaustion and the pressures in their stratospheric luck.

    The corporate’s percentage worth fell just about 25 consistent with cent when the marketplace opened the day after the announcement, wiping just about 2 trillion received ($1.5 billion) off its price.

    3 HYBE staff, whose identities had been withheld, had prior wisdom of the announcement and offered their stocks prior to it used to be made public, pocketing loads of hundreds of thousands of received illegally, the Monetary Supervisory Carrier stated in a observation Wednesday.

    “We referred the 3 officers, considered one of whom is a workforce chief, to the prosecution with the opinion that they will have to be indicted,” the watchdog stated.

    The watchdog additionally criticised HYBE for making the market-moving announcement in a YouTube video quite than an respectable observation or regulatory submitting, which they stated had “irritated buyers’ confusion”.

    Leisure businesses will have to have a gadget the place vital data for buyers is made public “transparently and thru a proper channel”, it stated.

    Whilst BTS cited exhaustion as a reason why for its determination to droop staff job, many analysts stated the hiatus used to be strategic, with South Korea’s necessary 18-month army provider looming for person band individuals.

    All South Korean able-bodied males underneath the age of 30 will have to carry out round two years of army provider, basically since the nation stays technically at conflict with nuclear-armed North Korea.

    Two of the fame septet’s individuals, Jin and J-Hope, enlisted within the military in December 2022 and April this 12 months respectively, with the rest 5 anticipated to observe within the years — or months — forward.

    HYBE didn’t reply to an AFP request for remark.

    SEOUL: 3 staff at HYBE, the company at the back of Okay-pop megastars BTS, had been accused of insider buying and selling by way of South Korea’s monetary watchdog over percentage gross sales prior to the gang’s bombshell “hiatus” announcement.

    In a YouTube video posted on June 14 final 12 months, BTS’ band individuals instructed enthusiasts they have been taking a destroy from the supergroup to concentrate on their solo careers, mentioning exhaustion and the pressures in their stratospheric luck.

    The corporate’s percentage worth fell just about 25 consistent with cent when the marketplace opened the day after the announcement, wiping just about 2 trillion received ($1.5 billion) off its price.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2′); );

    3 HYBE staff, whose identities had been withheld, had prior wisdom of the announcement and offered their stocks prior to it used to be made public, pocketing loads of hundreds of thousands of received illegally, the Monetary Supervisory Carrier stated in a observation Wednesday.

    “We referred the 3 officers, considered one of whom is a workforce chief, to the prosecution with the opinion that they will have to be indicted,” the watchdog stated.

    The watchdog additionally criticised HYBE for making the market-moving announcement in a YouTube video quite than an respectable observation or regulatory submitting, which they stated had “irritated buyers’ confusion”.

    Leisure businesses will have to have a gadget the place vital data for buyers is made public “transparently and thru a proper channel”, it stated.

    Whilst BTS cited exhaustion as a reason why for its determination to droop staff job, many analysts stated the hiatus used to be strategic, with South Korea’s necessary 18-month army provider looming for person band individuals.

    All South Korean able-bodied males underneath the age of 30 will have to carry out round two years of army provider, basically since the nation stays technically at conflict with nuclear-armed North Korea.

    Two of the fame septet’s individuals, Jin and J-Hope, enlisted within the military in December 2022 and April this 12 months respectively, with the rest 5 anticipated to observe within the years — or months — forward.

    HYBE didn’t reply to an AFP request for remark.

  • Disney+ in handle HYBE, BTS ropes two unique tasks with streamer

    By means of PTI

    LOS ANGELES: South Korean leisure corporate HYBE and the streaming platform Disney+ have entered into an settlement, which contains the worldwide distribution of 2 unique programmes that includes Ok-pop superstars BTS.

    The long-term collaboration will see each firms operating in combination “to show off ingenious excellence from South Korea’s song and leisure trade to the sector degree”, a press unlock said.

    Disney+ may have the rights to flow 5 primary content material titles from BTS studio HYBE, a few of them are the live performance movie “BTS: Permission To Dance On Degree – LA”, authentic docuseries “BTS Monuments: Past The Superstar”, and in the past introduced “In The Soop: Friendcation”, an authentic shuttle truth display, which stars V of BTS amongst different stars of the Korean leisure sector.

    Jessica Kam-Engle, APAC Head of Content material, The Walt Disney Corporate, mentioned the studio is “overjoyed” to be participating with HYBE to show off their authentic content material created with robust artist IP on their world streaming services and products together with Disney+.

    “This collaboration represents our ingenious ambition to paintings with iconic content material creators and best stars in Asia Pacific so their skill may also be loved via mainstream audiences in a couple of techniques. We consider those new titles will captivate shoppers international and stay up for introducing extra song content material on our carrier,” Kam-Engle mentioned in a observation.

    Park Ji-won, CEO of HYBE, mentioned they’re taking a look ahead to this multi-year content material handle Disney.

    “This would be the get started of a long-term collaboration, the place we provide international audiences quite a lot of HYBE content material for lovers who love our song and artists. The Walt Disney Corporate has an extended historical past of franchise-building and selling musical artists, with its exceptional manufacturers and platforms,” added Park.

    In line with the streamer, the collaboration will permit Disney to introduce a sequence of recent titles from HYBE over the following few years, because the leisure platform continues to supply high quality content material in accordance with its song and artists IPs.

    “BTS: Permission To Dance On Degree – LA” is an unique cinematic 4K live performance movie which can be offering subscribers a peek into BTS’ are living efficiency in Los Angeles’ Sofi Stadium in November 2021.

    Acting Billboard hit songs “Butter” and “Permission to Dance”, this used to be the primary time in two years for the reason that pandemic that the band met lovers in individual.

    BTS, comprising RM, Jin, Suga, J-Hope, Jimin, V and Jung Kook, launched their anthology album ‘Evidence’ on June 10 and days later mentioned they’re going to be taking a spoil as a bunch to concentrate on solo actions.

    “BTS Monuments: Past The Superstar”, an authentic docuseries, will apply the fantastic adventure of BTS, who loved an enormous fan following internationally. It’ll be to be had completely on Disney’s streaming services and products subsequent 12 months.

    “With exceptional get right of entry to to a limiteless library of song and photographs during the last 9 years, the collection will function the day by day lives, ideas and plans of BTS contributors, as they get ready for his or her 2d bankruptcy,” learn the synopsis of the display.

    “In The Soop: Friendcation”, an authentic shuttle truth display with a star-studded solid of V, “Itaewon Elegance” megastar Park Website positioning-jun, “Parasite” megastar Choi Woo-shik, “Sturdy Woman Bong-soon” megastar Park Hyung-sik, and rapper Peakboy.

    The programme, which can flow from July 22, options the 5 pals venturing on a marvel go back and forth and playing quite a lot of recreational and a laugh actions.

  • BTS ARMY Questions HYBE’s Silence Over Kim Taehyung-Jennie’s Courting Rumours

    BTS ARMY Questions HYBE’s Silence: BTS ARMY has not too long ago reacted to the courting rumours involving Kim Taehyung and BLACKPINK’s Jennie courting rumours and puzzled the silence of HYBE in regards to the similar. BTS’ V aka Kim Taehyung and BLACKPINK’s Jennie’s footage from Jeju Island had been circulated on-line because the snapshot was once assumed to be that of the Ok-Pop stars. Jennie’s ability control team, YG leisure had replied to the similar pronouncing that had not anything to mention and would replace if there was once every other reaction. HYBE, alternatively, has stayed silent and didn’t dish out any observation. ARMY has accused HYBE of protecting RM’s marriage rumours however no longer talking up when it got here to V aka Taehyung.Additionally Learn – BTS’ Jimin Is going Shirtless in New Mag Duvet, ARMY Reacts: ‘EXCUSE MEE’

    HYBE Clarified RM Marriage Rumours

    RM were given into an argument that came about to be his alleged marriage scandal. RM was once to tie the knot with a fan whom he met at a fan signal all through 2014-15, consistent with studies. HYBE was once fast to factor explanation at the rumours that unfold like wildfire. HYBE issued a observation mentioning the rumours had been unfaithful and that they’re taking motion towards the malicious claims. Additionally Learn – BTS ARMY Have a good time After Jungkook-Charlie Puth Ascertain Collaboration ‘Left And Proper,’ Watch Video

    ARMY Slams HYBE Over Silence

    HYBE has all the time been swift with its responses to such courting rumours in case of any BTS member. Alternatively, the loss of reaction on Giant Hit’s section has left ARMY questioning why didn’t HYBE reply ahead of. ARMY accused HYBE of being biased. They stated the reaction is other on the subject of V as in comparison to RM. Additionally Learn – BTS’ RM Will get Emotional, Says He Feels He Wasn’t Dwelling as much as ARMY’s Expectancies: ‘We’ve Misplaced Path’

    Take a look at the twitter reactions from ARMY:

    glance how briskly hybe shuts down abt marriage rumors on RM however no longer launched any unmarried observation abt taehyung’s courting rumors lmao

    — this consumer misses jimin (@mydailymochi) June 24, 2022

    Humorous how briskly Hybe shuts down RM’s marriage rumor however stored silent on Taehyung’s courting rumor

    — テテ⟭⟬ ⁷ (@winter_fayeee) June 24, 2022

    Giant Hit denied immediately to RM
    What about Taehyung courting rumours

    — Grim (@Grim26101502) June 24, 2022

    Hybe close down hearsay of jhope courting rumours and rm married however its been one month of taehyung and jennie they didn’t make any observation https://t.co/cO4vu6Q2Tm

    — TAEHYUNG PARIS (@c_shria) June 24, 2022

    See how fast they had been with RM however silent in regards to the Taehyung and Jennie factor. Im telling y’all hybe deliberate that rumor to hide up garams bullying scandal. https://t.co/lragdWluwl

    — ye (@_loonaevis) June 24, 2022

    from “we will’t verify or deny” of taehyung’s rumours to “that’s completely pretend” of rm’s rumours, giant hit did completely verify taehyung and jennie are a factor. recover from it y’all, existence is going on https://t.co/kCjsDgyjAD

    — nirilia (@stressedpisces_) June 24, 2022

    BTS, often referred to as the Bangtan Boys, is a South Korean boy band that was once shaped in 2010 and debuted in 2013.

    For extra updates on Kim Taehyung and Jennie, take a look at this house at India.com.

  • BTS ‘hiatus’ spurs 28 in line with cent drop in HYBE inventory, corporate says phrase was once mistranslated

    Through IANS

    SEOUL: Korean song corporate HYBE, which represents Okay-pop superband BTS, misplaced $1.7 billion of marketplace price inside the first hour of inventory buying and selling on Wednesday (June 15) following the band’s hiatus announcement.

    On Tuesday, June 14, the seven crew individuals introduced that they’re going on a hiatus — by means of a translator — to pursue solo paintings, which just about instantaneously knocked HYBE stocks in South Korean business down by way of just about 28 in line with cent, experiences ‘Selection’.

    HYBE stocks had fallen by way of almost about 25,000 gained on Wednesday morning and endured to drop during the day, wiping out $1.7 billion of marketplace capitalisation.

    Inside the first hour of buying and selling, the stocks surged fairly from their place to begin of 140,000 gained to 145,500 gained. The corporate is these days headed for its lowest shut because it went public in 2020.

    On the other hand, on Wednesday HYBE launched a observation backpedaling on the usage of the phrase “hiatus.” The crowd had spoken in Korean of their video announcement and the phrase “hiatus” was once utilized in English subtitles. “BTS don’t seem to be taking a hiatus. Participants can be focusing extra on solo tasks presently,” the observation stated.

    ALSO READ | Okay-pop megastars BTS on ‘hiatus’, this is all we all know

    Moreover, BTS’ Jung Kook went live to tell the tale the V Are living app and clarified the misunderstandings additional announcing by means of a translator that the band can be operating on solo tasks, however that does not imply that they are going to forestall operating as a crew. He additionally reiterated that BTS don’t seem to be disbanding — as they insisted all the way through the announcement — simply taking a brand new path in making plans, as they’ll proceed capturing their “Run BTS” internet collection at the V Are living app.

    The explanation got here in a while after Jung Kook dropped a solo unmarried devoted to the gang’s fan ‘Military’ known as ‘My You’, experiences ‘Selection’.

    Within the 9 years since their debut, BTS made up 27 in line with cent of HYBE’s US album gross sales and streams, moreover making up just about all the corporate’s traveling source of revenue. In line with HYBE’s 2021 fourth-quarter profits document, BTS drove a 980.5 in line with cent (yoy) building up in live performance gross sales, incomes the corporate roughly 49.7 billion gained ($42,000,000). The vast majority of the ones profits got here from BTS’ ‘Permission to Dance’ concert events in Los Angeles.

    In 2021, HYBE received Ithaca Holdings from Scooter Braun which expanded the corporate from its BTS-driven income and took up 45 in line with cent of the South Korean corporate’s US album gross sales.

    BTS additionally not too long ago launched their 35-track anthology album ‘Evidence’ (Giant Hit/Geffen) which is now projected to debut with the yr’s second-biggest gross sales of the yr, following Harry Types’ ‘Harry’s Space’.