The Likelihood Of Big Hit Entertainment Filing For An Ipo Grows Thanks To Bts

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The likelihood of Big Hit Entertainment filing for an IPO grows thanks to BTS
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The likelihood of Big Hit Entertainment filing for an IPO grows thanks to BTS

With idol group BTS on the rise and securing million dollar-based contracts for various endorsements, agency Big Hit Entertainment's company value is also increasing.  Big Hit Entertainment is currently a private company but according to financial analysts, they're predicting that Big Hit will be going public and filing for an IPO in the near future.

SEE ALSO: BTS reportedly aiming to come back in September

On July 23, according to the Finance and Services Committee, BTS signed an exclusive two-year contract with KOSDAQ listed company GMP Co., Ltd. and their subsidiary cosmetic company Gonsen worth 3.6 Billion KRW ($3.2 million).

How Ravi & Jellyfish Entertainment Reacted To 'BOMB' MV Controversy
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How Ravi & Jellyfish Entertainment Reacted To 'BOMB' MV Controversy

VIXX's Ravi just dropped MV for his new song "BOMB" as his solo debut but it received a lot of controversies. He then said his apology for not being careful about some scenes in the MV.

On his Twitter account posted on Jan. 9, Ravi left a message for everyone that he was really sorry for some scenes in "BOMB" MV that caused discomfort. Some scenes on the music video contained objectification of women and he sincerely said his apology for not being careful, Soompireported.

VIXX's agency, Jellyfish Entertainment, also released their official statement saying that the agency took full responsibility on that. They also added that they promised to continue working hard and producing more good music.

JYP Entertainment to purchase and remodel a large building for its new company headquarters
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JYP Entertainment to purchase and remodel a large building for its new company headquarters

It has been reported that JYP Entertainment will be purchasing and remodeling a large building in Seoul's Olympic Park to be used as their new company headquarters. This has gained attention as to whether they will be using their treasury stock worth 20 Billion KRW $17.8 million (approx.) into this building.

They have decided to leave their current building that has been used since 2002. Currently, they are using five different buildings for its operations with the main building in Cheongdam-dong but have now decided to move to one large building that can house everything and everyone within the company under one roof. With the location close to the Lotte Tower, Han River, and many other attractions, it seems to be a smart and calculated move in order to expand to a wider audience across the world. 

JYP Entertainment Expects Huge Jump In Ticket Sales Due To TWICE And GOT7
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JYP Entertainment Expects Huge Jump In Ticket Sales Due To TWICE And GOT7

Thanks to the boom of TWICE and GOT7, JYP Entertainment is expecting even higher ticket sales in 2017 and 2018 than they received in 2016.

Hana Financial Investments looked into JYP Entertainment and determined that they were on track to smash the company record for number of concert tickets sold.

The graph on the right shows the breakdown of tickets sold between JYPs three main groups 2PM, TWICE, and GOT7 since 2012. Ticket sales for got TWICE and GOT7 are expected to skyrocket in 2017 and 2018 while 2PMs will drop as more members enlist in the military.

Entertainment Expert Identifies The Strength and Weakness Of SM, YG, and JYP
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Entertainment Expert Identifies The Strength and Weakness Of SM, YG, and JYP

Newsis has released an extensive report outlining the strengths and weaknesses of the BIG3 K-Pop labels. Koreaboo has translated the full report below.

The big 3 companies each have their own strengths and weaknesses, but who are the groups that could potentially be the next big thing.

The Hallyu Wave is showing no signs of stopping, and the leaders of it are SM Entertainment, YG Entertainment, and JYP Entertainment. Each of the 3 companies are surprisingly similar in age.