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Big Hit credits their jump in 3rd-quarter earnings to acquiring Pledis Entertainment

AKP STAFF
Posted by jennywill Sunday, November 15, 2020



Big Hit Entertainment has recorded an increase to its 3rd-quarter earnings.

According to the label, they recorded 190 billion KRW (~171.5 Million USD) in sales, 40 billion KRW in business profits, and revenue of 27.2 billion KRW (~24.56 Million USD). This is a jump of 54%, 73%, and 92% from the same period as last year, respectively. Compared to the 2nd quarter in 2020, it's an increase of 22%, 38%, and 51%, respectively.

Big Hit Entertainment said, "The album sales were solid, and MD sales increased steadily. The acquiring of Pledis Entertainment helped in the profits of our 3rd quarter."

  1. BTS
  2. ENHYPEN
  3. GFriend (Girlfriend)
  4. NU'EST
  5. Seventeen
  6. TXT
  7. BIG HIT LABELS
11 28,991 Share 78% Upvoted
 
Glenn_Fernandez
Glenn_Fernandez149 pts Sunday, November 15, 2020 2
Sunday, November 15, 2020

Very thankful that BigHit acquired Pledis, Kinda sad that Pristin disbanded already though :'(

But still SVT and NUEST looks happy now

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papaya-oyl
papaya-oyl265 pts Sunday, November 15, 2020 2
Sunday, November 15, 2020

I think it’s good that BigHit is actually crediting Pledis and their artists. Some companies could very well just say that it was because of their own groups, and BigHit could very well do that with how popular BTS is. But they’re actually giving credit to the groups that made this possible, and I think it’s important for a company to do that.

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