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Posted by yckim124 AKP STAFF Friday, November 30, 2018

BTS reportedly made $40 million from their world tour

AKP STAFF
BTS
BTS raked in millions of dollars from their world tour.

According to a K-pop analysis by Yuanta Securities, BTS is estimated to have made 44.9 billion KRW ($40 million) from their world tour. The average BTS concert ticket price for the world tour was $130. However, a lot of people would purchase the tickets only to put them up for resale, where they could fetch prices of $300 and up.


Success in North America and Europe played a vital role in bringing the huge earnings for BTS. Park Sung Ho of Yuanta Securities commented, "It's very difficult to succeed with a North American tour, so K-pop stars cannot easily proceed with it." However, "Beyond Japan, the North American and Europe are good markets for profit if you can succeed there." He added, "So far, K-pop artists did (often) see success in Japan but rarely in North American or European locations."

Besides BTS, Big Bang's G-Dragon ('Act III: M.O.T.T.E World Tour' by Live Nation) is the only K-pop act who has successfully completed a grand scale North American tour. With a total of 8 shows in 2017, G-Dragon is estimated to have made $7.9 million from ticket sales alone. 

Analyst Park stated that BTS sold 310,000 tickets for the North American leg of their world tour, which is a number that is comparable to Pearl Jam and Bruno Mars. However, BTS commands a higher ticket price on the secondary resale market. The average resale ticket price for BTS was $318 but for Bruno Mars, it was $198.

Up to Q3 of 2018, Big Hit Entertainment has posted revenue of 133,900,000,000 KRW ($120 million) and an operating profit of 35,300,000,000 KRW ($32 million). For the entirety of 2017, Big Hit posted revenue of 92,400,000,000 ($82.5 million) and an operating profit of 32,500,000,000 KRW ($29 million). They have exceeded their 2017 numbers with a full quarter (3 months) to spare.

In September, BTS started the North American leg of their tour, and in October, the tour continued into Europe. Currently, BTS is continuing their 'Love Yourself' world tour in Japan. The tour will continue into Singapore, Hong Kong, and Thailand in Spring 2019. 
  1. BTS
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DetN149 pts Friday, November 30, 2018 2
Friday, November 30, 2018

Incoming: BTS FIRST ASIAN ACT TO DO STADIUM-ONLY TOURS IN NORTH AMERICA.

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asdfghi37 pts Friday, November 30, 2018 2
Friday, November 30, 2018

conveniently skipped the part where they say that gdragon only saw 40% attendance and the company saw literally no profit at all

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