After The Acquisition of Ithaca Holdings, BTS Members' Shares in HYBE Also Increased Drastically
HYBE Labels is one of the biggest and well-known entertainment companies in South Korea. Currently, it houses many agencies, one of which is the agency that oversees BTS, namely Big Hit Music. As previously known, apart from a career as an idol under Big Hit Music, each BTS member also owns a share of the HYBE Labels company.

The value of shares owned by BTS members, RM, Jin, Suga, J-Hope, Jimin, V and Jungkook at HYBE Labels at the beginning of the distribution was worth 8 million USD.

Then on April 2th, HYBE Labels made acquisitions in Ithaca Holdings which is the agency of famous artists in the United States such as Justin Bieber and Ariana Grande. This acquisition certainly affected the value of HYBE Labels' shares which increased rapidly after the acquisition process.

One of the well-known media, Forbes noted that the value of shares in HYBE Labels owned by 7 BTS members has currently grown to reach 15.3 million USD. (www.onkpop.com)

Post a Comment

Previous Post Next Post