149

41

News
Posted by jennywill Sunday, November 15, 2020

Big Hit credits their jump in 3rd-quarter earnings to acquiring Pledis Entertainment

AKP STAFF



Big Hit Entertainment has recorded an increase to its 3rd-quarter earnings.

According to the label, they recorded 190 billion KRW (~171.5 Million USD) in sales, 40 billion KRW in business profits, and revenue of 27.2 billion KRW (~24.56 Million USD). This is a jump of 54%, 73%, and 92% from the same period as last year, respectively. Compared to the 2nd quarter in 2020, it's an increase of 22%, 38%, and 51%, respectively.

Big Hit Entertainment said, "The album sales were solid, and MD sales increased steadily. The acquiring of Pledis Entertainment helped in the profits of our 3rd quarter."

Shop the story
BTS JIN : VOGUE October 2024
$25
SEVENTEEN S.COUPS & HOSHI Cover : Allure September 2024
$25
SEVENTEEN Official Light Stick Ver.3 Keyring
$35
BTS JIN Cover - W Magazine August 2024
$24
SEVENTEEN JEONGHAN & WONWOO Cover : Allure June 2024
$24
Official SEVENTEEN Lightstick ver. 3
$69
SEVENTEEN JOSHUA Cover - ARENA HOMME April 2024
$23
SEVENTEEN - NANA TOUR with SEVENTEEN 2024 MOMENT PACKAGE
$38
Seventeen Official Lightstick Ver.3
$69
  1. BTS
  2. ENHYPEN
  3. GFriend (Girlfriend)
  4. NU'EST
  5. Seventeen
  6. TXT
  7. BIG HIT LABELS
11 28,529 Share 78% Upvoted
 
Glenn_Fernandez
Glenn_Fernandez149 pts Sunday, November 15, 2020 2
Sunday, November 15, 2020

Very thankful that BigHit acquired Pledis, Kinda sad that Pristin disbanded already though :'(

But still SVT and NUEST looks happy now

15 (+18 / -3)
Share

2 more replies

 
papaya-oyl
papaya-oyl265 pts Sunday, November 15, 2020 2
Sunday, November 15, 2020

I think it’s good that BigHit is actually crediting Pledis and their artists. Some companies could very well just say that it was because of their own groups, and BigHit could very well do that with how popular BTS is. But they’re actually giving credit to the groups that made this possible, and I think it’s important for a company to do that.

13 (+13 / -0)
Share

2 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
misc.
15 hours ago      20,451
(G)I-DLE, Soojin, Soyeon
misc.
BLACKPINK, Rosé
misc.
misc.
15 hours ago      20,451
Byun Woo Seok
(G)I-DLE, Soojin, Soyeon
aespa, ILLIT, LE SSERAFIM, NCT Dream, NewJeans, RIIZE, Stray Kids, TREASURE, TVXQ, TWS, TXT
aespa, Karina, Giselle, izna, NewJeans
misc.
15 hours ago      20,451
BLACKPINK, Rosé
IVE, IZ*ONE, Kwon Eun Bi, Kim Min Ju, Choi Ye Na, Lee Chae Yeon, Jo Yu Ri, LE SSERAFIM, SAY MY NAME
MADEIN
(G)I-DLE, Soojin, Soyeon
New Message

SEND