Big Hit Makes More Than 200 Billion Won in Revenue… Holds a Corporate Briefing
2019-08-24 05:14 (KST)
2019-08-24 05:14 (KST)
Big Hit Entertainment (referred to as ‘Big Hit’ below) disclosed that the company made 200.1 billion won in revenue and 39.1 billion won in operating profits in the first half of 2019.
On the morning of the 21st, Big Hit, home to group BTS, held ‘Big Hit Corporate Briefing with the Community’ at Textile Center in Gangnam-gu, Seoul, announcing their present state as well as the future vision of the business.
In this briefing, CEOs Bang Si Hyuk and Yoon Seok Joon were present as well as BeNX’s CEO, Seo Woo Seok. Each CEO revealed specific results and plans of Big Hit’s goal in innovating the customer experience, platform, brand IP, and storytelling IP.
CEO Bang explained, “Big Hit has reached the revenue of 200.1 billion won in the first half of 2019, and this is equivalent to the revenue of the entire year of 2018. Operating profits are also 39.1 billion won, which is almost two-thirds of last year’s 64.1 billion won.”
He continued, “Big Hit is trying to innovate the music industry. We will increase the revenue and expand the size of the market by changing the process of added value being created and expanded, and we will also improve the quality of lives of the members and the workers of the industry by improving the system.”
Big Hit announced that BTS’s TV drama will be released next year. CEO Bang informed that the drama based on the world of BTS has started in cooperation with a famous drama production company in Korea with the goal of launching the drama in the second half of 2020.
He also added that they are preparing for a new game project with Netmarble using the BTS’s storytelling IP, heightening the fans’ anticipation.
Big Hit revealed through this briefing that the company will hold the corporate briefing at least twice a year. They concluded, “Bit Hit’s vision is always headed towards the future. A vision shouldn’t just end as a vision; it becomes a vision when it is realized.”
Below is the full video of ‘Big Hit Corporate Briefing with the Community’ released by Big Hit.
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