The Actual Amount Of Contract Renewal Fee That HYBE Paid For Each BTS Member

For Kpop fans, the contract renewal between the management company and the artists is a matter of concern. Among them, BTS seems to be one of the groups that makes fans feel most secure about re-signing the contract without any controversy.

In September last year, experts rated the BTS members' contract renewal fees as the most valuable in the industry. Recently, кσяєαn media also revealed the true value of the contract that BTS re-signed for the second time with HYBE, surprising fans.

Meanwhile, fans also agree that with the position and profit that BTS brings to HYBE, it is a worthy number:

As all fans know, last September, all members of BTS agreed to renew their contracts early, continuing to work as a group even after 2025, when their military service expires. members ended. This is the third time BTS has signed an exclusive contract with HYBE. The first time was when BTS debuted in June 2013, then they renewed their contract early with Big Hit Music in October 2018.

According to Chosun, BTS is thinking a lot about renewing their contract with Big Hit Music. The reason the 7 members agreed to extend their contract is because they have a deep emotional attachment and are determined to maintain their activities as a group. Meanwhile, when talking about the moment BTS agreed to renew their contract, Bang Si Hyuk couldn't help but get emotional: "There are many options for superstar artists like BTS. The fact that they chose to renew their contract is in itself a recognition that we have done a great job with BTS and our history of working together. It also seems like a congratulation to me".

With BTS renewing their long-term contract, fans are bursting with happiness because the group's future activities will be remained. BTS also showed that they have broken the ¢υяѕє of Kpop industry. They has been active for more than a decade while maintained their reputation and not changed their debut lineup. At that time, experts also αѕѕessed that to maintain this, HYBE spent a large amount of money on "contract renewal fees".

In 2018, when BTS first renewed their contract with HYBE, they had to spend about 21 billion KRW (15.7 million USD). With BTS's current position and commercial value, кσяєαn media estimates that the amount of money HYBE has to spend in this second extension exceeds more than 21 billion KRW. In particular, they also discovered that in HYBE's 2023 audit report, 'other mandatory intangible αѕѕets' among HYBE's intangible αѕѕets increased by 43 billion KRW.

Based on this number, кσяєαn media said that it may be a necessary payment made in advance for group members when they renew their contracts. This renewal fee is then recorded in the financial statements as an intangible αѕѕet. 43 billion KRW for BTS is equivalent to an advance payment of about 6 billion won for each person, a huge number. This amount does not even include the shares in HYBE that BTS received, showing the true value of top stars.

This financial revelation further increased the public's attention and anticipation when BTS began their comeback from eldest brother Jin in June this year:

- I guess they calculated the profits of the tour correctly and signed again.

- Looking forward to their group activities. Please come back soon

- BTS deserves it, considering the revenue they generate during 10 years

- It's BTS, 6 billion per member seems reasonable

- HYBE probably can earn more than this amount. Look at the way BTS dominate the world

- It's possible for BTS. I'm happy because I want to see them for a long time as a complete group ㅋㅋ

- Wow, I'm so jealous. They are true the top idols

- But considering HYBE's profit, it doesn't seem like much

- Compared to their popularity and influence, this seems minimal

- So excited to welcome Jin and next members. When they return as a group, they will give us the best things

- HYBE can get all that back just by sending them on a world tour once

- Their tours, albums, projects... were successful, so I'm really looking forward to the next one after discharging