BTS Boys who created a stir on the internet became millionaires, know the whole story

New Delhi. South Korean boyband BTS or Bangtan Boys created a stir with their first English song ‘Dynamite’. This superhit song of the band was released in August during the Corona period. As soon as the song came on social media, it received a lot of likes from all over the world. An attempt was made to give a message of hope and courage to people through songs amid the coronavirus pandemic. Now there is another good news for the band BTS. Since the hit of the song ‘Dynamite’, the market value of the company has increased to 4 billion dollars (about Rs 29,600 crore).

Founder of Bang Si-Hike becomes billionaire
According to the Bloomberg Billionaires Index, this offer has made ‘Big Hit’ founder Bang Si-hyuk the owner of $1.4 billion. The seven-member band is all in their 20s, but after the song became a hit in August, each of them has earned $68,385 at such a young age. 48-year-old Bang is the sole owner of 43 percent of Si-hyuk Music Company.

Whereas two years ago gaming company Netmarble Corp. After investing $172 million, he got 25% stake. Let us tell you that gaming company Netmarble Corp. The owner is Bang Jun Hyuk, who is a relative of Bang Si Hyuk. Bang Jun Hyek is one of the richest celebrities of South Korea.

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Big Hit got success for the first time in 2009
Bang Si Haik is also known as ‘Hitman’. Bang started his career as a music producer at JYP Entertainment Corp. After this, in the year 2005, he established his own music company ‘Big Hit’, but in the initial phase the company had to face a lot of trouble. The company got its first success in the year 2009 in the form of the song ‘Without a Heart’.

Dynamite song included in Billboard Hot 100
In the year 2014, BTS debuted with their single album ‘2 Cool 4 Skool’. The band’s album proved to be a hit and they were given the ‘Top Social Artist Award’ at the 2017 Billboard Music Awards. Here, the band’s superhit song ‘Dynomite’ has got the first position in the ‘Billboard Hot 100’ chart. Let us tell you that ‘Dynamite’ has become the first Asian song to reach the top of the American rankings since Kyu Sakamoto’s song ‘Sukiyaki’ in 1963.

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Over-dependence on BTS can become a problem
According to IPO filing data, BTS contributed 97 percent of the earnings of ‘Big Hit’ last year and about 88 percent in the first half of 2020. Big Hit’s revenue has declined by only 8 percent to Rs 294 billion in the six months to June, but the company believes that the Corona virus could have a major impact on earnings. It is believed that music company Big Hit’s over-dependence on BTS in terms of earnings may push it towards losses. This is because according to the rules of the country’s army, there is a provision for youth between the age of 18 to 28 to serve in the army for at least two years.

Tags: business news in hindi

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