Connect with us

BTS

BTS release ‘Be’ on November 20, their production company valued at US$4 billion

Thaiger

Published

 on 

PHOTO : BTS performing 'Dynamite' live at the NPR studios this week - NPR

“Even in the face of this new normality, out life goes on and imparts a message of healing to fans and to the world.”

Big Hit, the label behind South Korea’s mega pop outfit BTS, have announced that pre-orders have already started this week and general release of their new album is due on November 20. They’ve described the highly anticipated as “the most ‘BTS-esque’ music yet”, whatever that means!

The unlikely pop music heroes, who have burst through the bamboo ceiling and made an Asian band the biggest pop act in the world, announced the date of their second album release for 2020. ‘Map of the Soul: 7′ debuted on top of the Billboard chart on March 7, 2020, marking BTS’ fourth Number 1 album. In 2019 they matched The Beatles record of 3 albums to reach the Number 1 position in the same calendar year.

The arrival of their new album, simply titled ‘Be’, is the band’s answer to reach out to their fans, called ‘ARMY’, since they had to cancel their entire 202 sold out stadium concert world tour.

The announcement of the new album follows the release of the hit single, and summer disco bob, ‘Dynamite’, their first all English-written song, and their first song to reach the Number 1 on Billboard’s Hot 100 main singles chart for 3 weeks (over a 4 week period). The song not only reached the Number 1 position, it debuted at Number 1.

‘Dynamite’ broke the YouTube record for most views in a 24 hour period, racking up an astonishing 101.1 million views. The band also has another 4 songs in YouTube’s Top 10 most viewed videos in 4 hours.

Here they are performing ‘Dynamite’ at this year’s VMA awards (they also won 4 VMAs)…

(The link, if the video doesn’t play… https://youtu.be/zJCdkOpU90g)

They’re also the first K-pop act to reach the Number 1 spot on the Billboard chart – Psy and ‘Gangnam Style’, despite its worldwide success, only reached the Number 2 spot in 2012.

The company behind BTS, Big Hit Entertainment, completely unknown until their sole act BTS started rising through the ranks of South Korea’s K-Pop, and then take on the world pop market, has priced its initial public offering at the top of its range last Monday, as hopeful buyers chased South Korea’s largest listing in 3 years.

Institutional investors expressed interest in more than 1,000 times the number of shares on offer. Even the die-hard BTS fans are putting in bids in the hopes of securing even one share in what analysts expect to be South Korea’s hottest listing this year.

Here’s a live version of ‘Dynamite’ and some of their other songs, performed last week on NPR…

(The link, if the video doesn’t play… https://youtu.be/gFYAXsa7pe8)

Big Hit priced the IPO at 135,000 won (US$114.99) per share, the top of an indicative price range of 105,000-135,000 won announced earlier this month.

Big Hit reported a 49.7 billion won (US$42,695,950) profit for the first half of 2020 as its online concert and merchandise sales on the Weverse app more than offset the stadium concert and event cancellations during the Covid-19 pandemic. Big Hit have kicked off a few more acts in recent years but 99% of the company’s revenue comes from just one band, BTS. BTS is short for their full Korean name Bangtan Sonyeondan (방탄소년단), translated loosely as Bulletproof Boy Scouts.

The 7 members are RM, Jin, Suga, J-Hope, Jimin, V and Jungkook and have been working together since around 2011 but debuts in June 2013. Coming from a ‘no name’ production company they battled the tough ‘pop blood sport’ of K-Pop and had very difficult times in their early days before breaking into the world market sometime around 2016. Their success in the US has only really been over the past 2 years.

The IPO will makes the 7 BTS members instant multimillionaire stockholders, as Big Hit CEO Bang Si-hyuk gave them 68,385 shares each, worth nearly US$7.9 million at the issue price, in August.

The pricing values Big Hit at around 4.8 trillion won (US$4,124,989,920), literally off the back of just 7 young Korean men, their talent and their legion of fans.

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

3 Comments

3 Comments

  1. Avatar

    Mike

    Friday, October 2, 2020 at 8:06 pm

    Their music is utter crap

  2. Avatar

    Pilar peña

    Saturday, October 3, 2020 at 3:45 am

    Sigo BTS hace 3años y sus canciones me gusta por sus letras que inspiran a amarse y no rendirse son 7 jóvenes talentosos .con grandes valores y sobre todo humildes .sus canciones y sus bailan son geniales

  3. Avatar

    Strider

    Sunday, October 4, 2020 at 9:47 am

    Ok boys, here’s a six-string guitar, a bass, a B3 Hammond organ with twin Leslie speaker cabinets, a drum kit, two trumpets and a trombone… Now get up there on that stage and play me something. How about I Got The Feelin’ by James Brown…??? That’s what I thought.

You must be logged in to post a comment Login

Leave a Reply

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Thailand28 mins ago

Umbrellas out, more monsoonal rain in the wake of ‘Dianmu’

Thailand1 hour ago

Sunday Covid update: 125 deaths and 12,353 new cases

Thailand10 hours ago

Record-breaking 1 million Covid-19 vaccines given yesterday

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Technology13 hours ago

Junk messages must now be blocked by Thai mobile carriers

Kanchanaburi15 hours ago

Abusive Kanchanaburi temple rehab centre ordered to close.

Phuket16 hours ago

Phuket begins new subdermal injection method for vaccines

image
Join the conversation on the Thaiger Talk forums today!
Bangkok16 hours ago

Police bust hotel party with ecstacy and ketamine, 59 arrested

Coronavirus (Covid-19)17 hours ago

Phuket Covid-19: 5 new deaths and 4 new Sandbox infections

Thailand18 hours ago

Saturday Covid-19 Afternoon Update: full provincial totals

Phuket21 hours ago

Phuket man finds 30 million baht surprise on beach: “whale poop”

Malaysia22 hours ago

Transgender who fled to Thailand faces extradition to Malaysia

Coronavirus (Covid-19)24 hours ago

Saturday Covid-19 Update: 11,975 infections, 127 deaths

Thailand2 days ago

Thailand News Today | Nov 1 reopening proposed; arrest for “sexy” officer cosplay | September 24

Coronavirus (Covid-19)2 days ago

Covid-19 UPDATE: Provincial totals, vaccinations and more

Coronavirus (Covid-19)2 days ago

Contrary to Anutin, US says delivery of vaccines awaits Thailand

Tourism4 days ago

Travel data to Thailand for 106 million people unprotected online

Economy6 days ago

Cuts to import duty on alcohol, cigars, part of plan to entice wealthy foreigners

Crime5 days ago

OnlyFans content creators arrested by Thai police on pornography charges

Thailand5 days ago

Party at luxury villa in Phuket raided, homeowner allegedly assaults police officer

Coronavirus Vaccines6 days ago

Doctors say cardiac arrest caused death of man given AstraZeneca booster shot

Coronavirus (Covid-19)7 days ago

Covid-19: Detailed info on vaccinations, hospitalisations, and provinces

Thailand6 days ago

Around 20 people arrested at Koh Samui restaurant for drinking alcohol, gambling, playing pool

Bangkok5 days ago

Governor says Bangkok will only re-open when safe to do so

Thailand5 days ago

Bangkok re-opening Criteria, Thai Airways keeps Struggling | Good Morning Thailand | Episode 93

Phuket3 days ago

Police suddenly began raiding Patong bars selling alcohol

Pattaya4 days ago

October Pattaya reopening on schedule according to mayor

Thailand6 days ago

Morning Top Stories | No approved October re-opening, Phuket easing restrictions | September 20

Crime4 days ago

Ex-cop “Joe Ferrari,” other officers charged with violating discipline policy over suspect’s death

Phuket7 days ago

Phuket domestic travel rules need streamlining, officials discuss

Thailand5 days ago

Government warns that posting pornographic material is illegal following OnlyFans creator being questioned by police

Thailand2 weeks ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand7 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism7 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket7 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism7 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand8 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand8 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand8 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand8 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand8 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand9 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand9 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand9 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending