BIG HIT'S BIG SPEND

Big Hit Entertainment, the entity behind BTS, is pumping $63m into an effort to improve distribution.

The company, whose strength is in intellectual property and platforms, will have an 18% stake in YG Plus, the music-distribution and merchandising arm of YG Entertainment, home to Blackpink, Treasure and AKMU.

Since going public in October, Big Hit’s market cap has risen to nearly $6.7b—up from $4.4b. Its stock price is currently trading at $187.49 a share, having vaulted from $141.86 two weeks ago.

TAGS: Big Hit | YG

BIG HIT'S IPO GENERATES A BIG PAYDAY

BTS: HOW BIG WILL IT BE?

< PREVIOUS STORY

BACK TO RUMOR MILL

		HITS LIST: HORSEPOWER VRRMMMM (5/20a) Check It Out Now NEAR TRUTHS: VARIANTS Celebrity death match underway on album chart (5/17a) Check It Out Now OH, TANNENBAUM! ANOTHER GREAT CAREER HITS THE SKIDS Another talented journalist trapped in the career cul de sac (5/20a) Check It Out Now THE COUNT: LIVE NATION TAPS TYLER, POST, BLINK FOR TOP U.S. FESTS Cornering the market on surefire headliners (5/17a) Check It Out Now STAPLETON, WILSON BIG WINNERS AT THE ACMs A genre mash-up at the home of the Cowboys (5/17a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

Advertise | Contact Us | Privacy Policy | Terms and Conditions (v3 8-6-22)

12 default_left

Website Powered by

BIG HIT'S BIG SPEND

Modal