Ibighit.com

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Overview of ibighit.com

IBIGHIT MUSIC, formerly known as Big Hit Entertainment, is a South Korean entertainment company established in 2005 by Bang Si-hyuk. The company is best known for managing the popular boy group BTS, as well as other artists such as TXT, ENHYPEN, and LE SSERAFIM. IBIGHIT MUSIC also operates a record label, a music publishing company, and a concert production company. The company has been credited with popularizing K-pop around the world and has been ranked as one of the most influential companies in the South Korean entertainment industry.


Key Statistics

* Founded: 2005
* Headquarters: Seoul, South Korea
* Revenue: $1.1 billion (2021)
* Net income: $250 million (2021)
* Number of employees: 300+
* Artists: BTS, TXT, ENHYPEN, LE SSERAFIM

History

IBIGHIT MUSIC was founded in 2005 by Bang Si-hyuk, a former music producer. The company's first major success came in 2013 with the debut of BTS, who went on to become one of the most popular boy bands in the world. In 2019, IBIGHIT MUSIC went public on the KOSPI, raising $400 million. The company has since acquired several other entertainment companies, including Source Music, Big Hit Three Sixty, and Pledis Entertainment.

Business Model

IBIGHIT MUSIC's business model is based on managing and promoting its artists. The company generates revenue from album sales, concert tours, merchandise sales, and licensing fees. IBIGHIT MUSIC also operates a number of other businesses, including a record label, a music publishing company, and a concert production company.

Future Prospects

IBIGHIT MUSIC is well-positioned for continued success in the future. The company has a strong roster of talented artists, and it is well-established in the global entertainment industry. IBIGHIT MUSIC is also actively investing in new technologies and businesses, which will help it to stay ahead of the competition.

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