Kmedia reports HYBE CEO Park Jiwon announced that HYBE had signed a joint venture agreement with visual special effects company Giant Step to develop “real-time type content.” HYBE said, “This strategic partnership is to display innovative results as a global leader in this +

constantly changing media and content market.” Giant Step is a company that specializes in visual effects and real time content solutions; they lead the VFX-based video content industry in domestic and foreign TV ads, movies ans nee media. They’ve been recognized for +

their competitive edge with collaborations with Disney, Netflix and other global content producers and are expanding their business into real time business solutions by using real time engine technology. They also have an advantage in the augmented reality (AR) field, including +

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bora 🍂

@modooborahae

4 Nov

HYBE Q3 investor call:
• HYBE artists Q4 activities:
- SVT: 1.8m sales of Attaca; 2 online concerts in Nov
- TXT: release first EP in Japan
- Enhypen: 880k sales Oct album; 1 yr anniversary events
- BTS: 4 offline concerts in Nov/Dec
• with BTS’s LA concerts as the start +

more offline concerts are gradually coming in the future for all HYBE artists
- concert and tour merch revenue are expected to rise with the start of offline concerts
++

• Weverse/VLive:
- SpotLive integrated into Weverse; going to combine weverse’s photo upload/text communication capabilities with VLive’s video functions like live-streaming capabilities
- more details will come closer to the launch in the first half of 2022
+

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bora 🍂

@modooborahae

4 Nov

Kmedia reports on HYBE’s Q3 record-breaking earnings report. HYBE announced revenues of ₩341B ($288.1M) and operating profit of ₩65.6B ($55.3M), which is subject to change from the external audit. Revenue rose by 79.49% and operating profit rose by 63% compared to 2020 Q3. +

The growth came mostly from revenue from albums, merch and licensing. Revenue from albums including BTS’s single album Butter and TXT’s repackage album rose 21% compared to Q2 to be ₩129.7B ($109.5M). Revenue from merch & licensing grew 53% to be ₩76.7B ($64.8M). +

Revenue from artists’ advertisement appearance fees and management rose by 56% to be ₩33.8B ($28.6M). Weverse also showed a 20% growth compared to the previous quarter with 6.4M monthly active users (MAU). ++

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bora 🍂

@modooborahae

26 Oct

[Exclusive posted 10:33 am KST] Herald Economy reports HYBE and Dunamu, operator of cryptocurrency Upbit, are pursuing a share-swap deal of ~₩500-900B and will issue goods from artists like BTS as NFTs and establish a joint venture in the US to create a metaverse business. +

HYBE is believed to be issuing ₩400B worth of private convertible bonds. Mirae Assets is expected to manage the CBs and invest ₩250B themselves via their subsidiary. In other words, Mirae Assets is planning on investing in both HYBE and Dunamu as a financial investor (FI). +

HYBE and Dunamu are said to be in discussion to gain close cooperation through a share swap deal and Mirae is interested bc of the high growth potential of digital assets that's expected through the NFTs. If the contents & goods of BTS who have fans all over the world are +

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