Despite the pandemic, BTS and BigHit they get big gains in 2020
Written on: February 23, 2021
Big Hit is one of the most important entertainment companies in K-pop, recently the company revealed the huge profits and sales it recorded during 2020.
Big Hit Entertainment started as a small agency, thanks to the important performance and popularity of their groups they managed to expand their power to other entertainment industries and acquired more agencies, forming Big Hit Labels.
The world situation completely stopped live concerts, presentations and meetings with fans, the K-pop industry had to adapt to the new needs of global consumers.
Recently, the company representing Bangtan Sonyeondan shared the economic figures that marked their annual sales and revenue. We tell you all the details below.
HOW MUCH DID BIG HIT ENTERTAINMENT EARN IN 2020?
Due to social isolation and sanitary measures, the groupings of the agency founded by Bang Si Hyuk had to cancel tours, promotional activities and live performances, despite the situation, Big Hit registered very good profits.
According to data from the company itself, their total annual revenue totaled more than 796 billion won, and they also saw a significant increase in earnings of more than 35% over the previous year.
These figures were thanks to the sales of albums, official merchandise and commercial collaborations of their groups. BTS topped the list and racked up 13 million copies sold on Gaon Chart in 2020.
The interest of the international public in purchasing official products, exclusive content and joining fan clubs as members increased by more than 70% in some specific cases, having an impact on the profits of 2021.
Big Hit Entertainment reported that they plan to grow with a balanced force in the coming years. What do you think of the incredible figures that the BTS company added during 2020?
The agency will surely have new development opportunities with its interesting collaboration with an American record label, we invite you to know all the details of: BigHit and Universal Music will launch a boy group with a worldwide impact.