Why Ariana Grande And Justin Bieber Will Get A Stake In BTS’ Record Label | Forbes

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

What’s the price tag for keeping a roster of global superstars happy these days? For Hybe Corp., more than $230 million, the value of shares the South Korean music juggernaut has pledged to BTS, Ariana Grande and Justin Bieber, in addition to more than $100 million the K-Pop sensation has earned from music sales and touring.

The shares, which Hybe says are for “inspiring morale,” have almost doubled since the Seoul-based company went public in October as Big Hit Entertainment. Big Hit, which was founded by billionaire Bang Shi-hyuk, set a precedent by offering equity to the seven members of the boy-band powerhouse that is now valued at more than $107 million. That puts the band’s total take as a Hybe group at more than $214 million, including $107 million of pretax earnings Forbes estimates the group has earned since 2018, when they blew up on the global music scene.

For Bang, who has a net worth of $2.8 billion, it’s money well spent. BTS represented 87% of the KRW 290 billion ($260 million) Hybe reported for the first half of 2020. That reliance on one group is a key reason for Hybe’s $1.05 billion purchase of Scooter Braun’s Ithaca Holdings, which manages Grande and Bieber, and owns the record company, Big Machine Label Group that is home to Rascal Flatts, Sheryl Crow and Tim McGraw.

The deal, which closes May 7, will bring Braun’s shares valued more than $103 million plus an undisclosed amount of cash. It’s the second big payout in just five months for the impresario, who recouped the cost of buying Big Machine by selling its ownership of Taylor Swift’s master recordings last fall, triggering a bitter public feud with the singer.

Read the full profile on Forbes: https://www.forbes.com/sites/arielshapiro/2021/04/15/bts-made-200-million-with-hybe-now-ariana-grande-and-justin-bieber-are-cashing-in-on-scooter-braun-deal/?sh=56fbb2964e50

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”

Forbes

Forbes

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<