BTS' label Big Hit Entertainment's net profit has exceeded those of the three biggest entertainment agencies of South Korea: SM Entertainment, YG Entertainment, and JYP Entertainment.
Big Hit's success is accredited to BTS.
According to Financial Supervisory Service's report on March 22, the entertainment agency made a net profit of about USD 23M, which is a 173% increase from last year's. Big Hit's assets have also increased to USD 57M, which is 221% of that of last year.
On the other hand, the audit reports submitted by SM Entertainment, YG Entertainment, and JYP Entertainment show that the three companies have had a total profit of USD 10M, 23M, and 18M.
In the twelve years of company's history, it is the first time that Big Hit Entertainment has made a larger profit than the three giants of the South Korean entertainment industry.
It is all thanks to BTS that Big Hit Entertainment has had such a financially successful year. The group's single released last year, LOVE YOURSELF: HER, has sold 1,490,000 copies, making it the most album sold in K-pop's recent history.
By Grace and Arin Kim firstname.lastname@example.org