HYBE plans for BTS’ absence with multi-label technique

BTS’ company HYBE has issued a letter to its shareholders discussing its technique forward of BTS’ upcoming break because of obligatory nationwide service.

On October 17, HYBE label Massive Hit Music introduced that each one seven members of BTS intend to serve their obligatory army phrases with out particular exemptions, starting with eldest member Jin later this yr. Of their assertion, the label shared that the group and company had deliberate to reconvene a while in 2025.

Within the wake of the information, HYBE CEO Park Ji-won reportedly issued a letter to its shareholders outlining the way it has deliberate for the hit boyband’s absence within the coming years. “HYBE is assured within the construction that’s been put in place over the previous 10 years,” it stated, in response to Variety.

Park additionally reportedly assured buyers that the company had lengthy been getting ready for BTS’ eventual army enlistment, promising that HYBE’s multi-label technique and large roster of artists can be additional developed within the boyband’s absence.

“By giving autonomy to every label, we be sure that all kinds of music and content material are created [and] even wholesome competitors,” Park stated, sharing that HYBE’s artists’ income (excluding BTS) had elevated by almost three-fold since 2020.

HYBE at the moment oversees a number of unbiased labels, together with Scooter Braun’s Ithaca Holdings, which it merged with by way of its American subsidiary HYBE America final yr. Inside South Korea, HYBE additionally homes Pledis Leisure, Belift Lab, Supply Music and extra.

Its roster of Ok-pop artists embody in style boybands like SEVENTEEN, Tomorrow X Collectively and ENHYPEN, in addition to rising rookie woman teams LE SSERAFIM and NewJeans.