Many consider the company's profit in both the Western and Eastern markets, Big Hit's relatively lenient policies towards their idols' creativity, and innovative music styles to be a cornerstone of the label's success.īig Hit Entertainment currently operates as a private company. Varying reports consider the current total value of the company at roughly 1T KRW (~891.5M USD). Due to the success of early groups 8Eight and 2AM, Bang was able to keep the company afloat and later created sensationalist group BTS in 2013. In 2007, Big Hit Entertainment was near bankruptcy. With the change, the Big Hit record label was renamed Big Hit Music and is now a subsidiary of HYBE. On March 19, 2021, Big Hit announced that it had been renamed to Hybe Corporation to emphasize its wider array of business units and ventures. In October of the same year Big Hit Entertainment announced BTS renewed and extended their contract for seven years.
He left the company to start his own agency, while Lee Hyun continued on as a solo artist. In February 2018, Homme disbanded after member Lee Changmin's contract came to an end.
#Txt debut members full
After a year, Signal Entertainment Group made a full settlement of the bonds. BigHit issued a 6 billion won convertible bond Signal Entertainment Group in 2015. In early 2017, BigHit ended their stake relationship with Signal Entertainment Group. In May 2015, Lim Jeong-hee parted ways with Big Hit Entertainment, following the expiration of her three-year contract with the agency. Signal also owns Better ENT, the agency founded by actor Song Seung-heon as well as another record label, Jungle Entertainment. In May 2015, Signal Entertainment Group (Signal), a KOSDAQ-listed company specializing in artist management and television production, acquired Big Hit through a KR₩6 billion (~ million) convertible bond. The year also saw the disbandment of 8Eight after Baek Chan and Joo Hee's contracts with Big Hit ended. įollowing the end of the joint contract between Big Hit and JYP Entertainment in April 2014, three of the 2AM members returned to JYP, while Lee Chang-min stayed with Big Hit in order to continue with his solo career and as part of the duo Homme.
The group was active until 2014, when they disbanded due to a controversy over one of the members, Kim Da-hee, who was sentenced to prison following accusations of blackmail in relation to actor Lee Byung Hun, she was later identified as a sasaeng fan, a dangerously obsessive fan. In 2012, the company signed Lim Jeong-hee, and the girl group GLAM was formed as a collaboration between Source Music and Big Hit entertainment. BTS made their debut under Big Hit in 2013. That year, Bang Si-hyuk launched nationwide auditions and signed RM (formerly known as Rap Monster), as the first member of BTS, which was then followed by the other members of the group. In 2010, Big Hit Entertainment and JYP Entertainment signed a joint management contract over the boy group 2AM. Big Hit Entertainment was founded on February 1, 2005, and signed the vocal trio 8Eight, consisting of Lee Hyun, Baek Chan, and Joo Hee, in 2007.
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