Tesla Roadster Reveal Could Feature SpaceX Thrusters in August 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Synlait Milk Denies Fonterra, a2 Milk Takeover Talks 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Add as a preferred source on Google
BTS is being managed by Hybe that has made history in the Kpop industry by surpassing the ₩1 trillion mark in annual sales for the year 2021. The company has become the first management agency in South Korea to attain this huge achievement despite being new compared to the others.
Apparently, the massive global success of the BTS boy group that consists of RM, Jungkook, V, Jimin, Suga, J-Hope, and Jin, was the main reason for Hybe's $838 million annual sales results last year. The company has other artists under its wing, and while they have also contributed, BTS played the biggest role.
According to Yonhap News Agency, the management firm stated in a regulatory filing that was filed on Tuesday, Feb. 22, that its annual sales for 2021 were provisionally computed at ₩1.25 trillion, an amount that showed an increase of 58% compared to 2020.
Along with the boosted sales figure, Hybe also indicated that its operating profit climbed 30.8% on-year to ₩190.3 billion. The projected net profit was at ₩141 billion, which is a 62% gain. It was noted that the agency's album sales surged by 18% from the previous year to ₩378.5 billion.
The numbers make sense because BTS's "Butter" album was a megahit around the world and it sold 7.4 million copies. The track has been no. 1 on Billboard's Hot 100 singles chart for weeks and topped various music charts as well.
What's more, BTS' offline concerts have reportedly generated a total of ₩40 billion in sales, and if the group's online streamings and activities are included, the numbers will tremendously go up and could be the biggest-ever recorded sales at Hybe.
In any case, other albums that raked in profits to up Hybe's sales include records of boy groups - Enhypen, Tomorrow X Together (TXT), and Seventeen. Artists of Ithaca Holdings that were acquired by the company last year, such as Ariana Grande and Justin Bieber, also sold over two million copies of their respective albums.
"Hybe's artists set many records to be kept in history at home and abroad last year," Aju Daily Business quoted the firm's chief executive officer, Park Ji Won, as saying with regards to the company's sales milestone.
