[ad_1]
Their final renewal supply was a lot lesser.
News studies on September 20, KST, confirmed that every one BTS members have renewed their unique artist contracts with BIGHIT MUSIC and, by extension, with HYBE.
The group’s chief, RM, even posted the partial contract doc on his Instagram, assuring followers that the seven members are right here to remain collectively.
[rkive] instagram story
(in picture)
‘popular culture artist unique contract’???? @/bts.bighitofficial
#/ARMY
???? 2025 ???? pic.twitter.com/DpzEl2PjXJ— 윤서⁷ (gradual) (@btsinthemoment) September 20, 2023
Since the contract renewal wasn’t anticipated for an additional few years, it taking place this a lot upfront was a nice shock for ARMYs. But a bit of follow-up information in regards to the new contract left jaws hanging.
According to a DAOL Investment & Securities report, HYBE is estimated to spend round ₩21.0 billion KRW (about $15.8 million USD) on every member only for the downpayment of the contract renewal. This is, reportedly, solely part of the whole deposit quantity that BTS members will obtain for signing the contract.
Interestingly, the final time BTS renewed their contracts with BIGHIT MUSIC in 2018, the whole contract deposit quantity per member was ₩7.00 billion KRW (about $5.25 million USD). However, later, the members have been revealed to have every obtained 68,385 firm shares from Bang Si Hyuk (then CEO), which have been, at the moment, priced at $7.7 million, minimal.
If the numbers reported are correct, then the downpayment of BTS’s new contract renewal charge is greater than the whole quantity they earned whereas re-signing their unique contracts again in 2018.
Additionally, the DAOL report said that although the renewal interval has not been revealed but, it’s anticipated to be round 5 years. It is being stipulated that BTS will be energetic once more after the second half of 2025.
BTS
Share This Post
[ad_2]
Content Source: www.koreaboo.com