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BTS boys who created panic on the Internet became millionaires, know the full story

New Delhi. South Korean boy band BTS or Bangtan Boys made a big splash with their first English song ‘Dynamite’. This super hit song by the band was released in the middle of the Corona period in August. As soon as the song hit social media, it also got a lot of likes from all over the world. In the midst of the coronavirus pandemic, an attempt was made to send a message of hope and courage to the people through songs. Now there is another good news for the band BTS. Since the success of the song ‘Dynamite’, the company’s market value has risen to $4 billion (about Rs 29.6 billion).

Billionaire becomes founder of Bang Si-hike
According to the Bloomberg Billionaires Index, the deal has made Big Hit founder Bang Si-Hike the owner of $1.4 billion. The seven-member band is in their 20s, but has grossed $68,385 each at such a young age since the song’s hit in August. The 48-year-old is the sole owner of 43 percent of Bang Si-Hike Music Company.

While two years ago the game company Netmarble Corp. He got a 25% stake after investing $172 million in Let us tell you that the game company Netmarble Corp. is owned by Bang Joon Hyek, a relative of Bang Si Hye. Bang Jun Hyek is one of the richest celebrities in South Korea.

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Big Hit was first successful in 2009
Bang Si Hike is also known as ‘Hitman’. Bang started his career as a music producer at JYP Entertainment Corp. After this, in the year 2005, he set up his own music company ‘Big Hit’, but in the initial phase the company had to struggle a lot. The company got its first hit in 2009 with the song ‘Without a Heart’.

Dynamite song on Billboard Hot 100
At the same time, in the year 2014, BTS debuted their single album ‘2 Cool 4 School’ (2 Cool 4 Skool). The band’s album turned out to be a hit and they were awarded the ‘Best Social Artist Award’ at the 2017 Billboard Music Awards. Here, the band’s hit song ‘Dynamite’ took first place on the Billboard Music Awards. Billboard Hot 100 list. We tell you that ‘Dynamite’ has become the first Asian song to reach the top of the American charts since Kyu Sakamoto’s ‘Sukiyaki’ in 1963.

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Over-reliance on BTS may become a problem
According to data from IPO filings, BTS contributed 97 percent of their profits in the ‘Big Hit’ last year and about 88 percent in the first half of 2020. Big Hit’s revenue decreased by only 8 percent to $294 billion in the six months through June, but the company believes the coronavirus could take a big hit to earnings. It is believed that music company Big Hit’s over-reliance on BTS in terms of profits may push them towards losses. This is because, according to the rule of the country’s army, there is a provision for young people between the ages of 18 and 28 to serve at least two years in the army.undefined

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