MBW’s Stat Of The Week is a chain during which we spotlight a knowledge level that merits the eye of the worldwide song business. Stat Of the Week is supported by means of Cinq Song Crew, a technology-driven document label, distribution, and rights control corporate.
Jungkook is a solo celebrity.
On the time of writing, consistent with stats to be had publicly on Spotify, the HYBE-signed Ok-Pop artist has 35,578,104 per thirty days listeners at the song streaming platform.
BTS, the superstar Ok-Pop team of which Jungkook is a member, has 34,981,739 per thirty days Spotify listeners, which means that that he has formally overtaken his personal band’s per thirty days listener rely at the platform, by means of 596,365 per thirty days listeners, consistent with our calculations.
Jungkook has noticed exceptional good fortune during the last month following the discharge of his hit unmarried Seven, that includes rapper Latto, on July 14.
It’s price noting that Jungkook has accomplished his huge per thirty days listener base on Spotify with no need launched an album.
In line with Spotify knowledge, Seven’s debut day at the carrier noticed it draw in 15.995 million chart-eligible international streams.
That was once sufficient to make it the most important debut 24 hours for a brand new collaboration observe in historical past, and the time the most important new unlock at the carrier thus far this 12 months.
The observe debuted at No.1 at the Billboard Scorching 100 chart (dated July 29, 2023), and on the time of writing, has been streamed over 413.3 million instances on Spotify on my own.
Seven has additionally held the No.1 place at the Spotify International Best 50 chart for the previous 5 weeks.
Jungkook’s newest unlock arrived round 9 months after HYBE Company showed that BTS was once about to head on hiatus, whilst a few of its contributors satisfy obligatory army carrier of their house nation of South Korea.
As famous by means of MBW closing month, the discharge was once a big take a look at for HYBE’s post-BTS technique around the globe.
That technique, HYBE defined on the time, consisted of 2 portions: In the beginning, it deliberate to increase a ‘multi-label’ construction to accommodate superstars outdoor of its flagship team and largest income generator, BTS.
Secondly, it could depend at the solo releases of BTS contributors equivalent to Jimin, Jin, Suga, and Jungkook to fulfill BTS fanatics till the gang reconvened in 2025.
This plan, offered by means of HYBE’s international CEO, Jiwon Park, didn’t absolutely reassure the corporate’s shareholders, with HYBE’s percentage worth hitting an rock bottom on October 13, 2022, the similar month that HYBE showed BTS’s hiatus.
That was once down shut to 1 / 4 of the Publicly-traded corporate’s all-time percentage worth top of 400,500 KRW in November 2021.
Since then, on the other hand, HYBE has greater than proved that it will possibly generate vital gross sales within the absence of BTS.
Maximum not too long ago, in Q2 2023, throughout all of its industry devices, HYBE clocked revenues of KRW 620.99 billion ($470 million), up 21.2% YoY.
For the primary part of 2023, virtual and bodily album gross sales got here in at 22.7 million, already surpassing the 22.2 million bought in all of 2022, HYBE mentioned in its income observation.
The labels’ biggest-selling artists in H1 have been SEVENTEEN (8.87 million albums), Stray Children (6.07 million) and TOMORROW X TOGETHER (3.54 million).
Jung Kook’s now not the one solo BTS member to accomplish neatly this 12 months.
His bandmate Jimin launched his solo album FACE on March 24 and HYBE showed in its Q1 investor presentation that the album bought 1.45 million copies international on its first day, changing into the primary solo Ok-Pop artist to promote greater than one million albums on unlock day.
HYBE has additionally noticed good fortune outdoor of BTS, specifically with 13-member Ok-Pop team Seventeen, who’re signed by way of HYBE label Pledis Leisure.
In line with HYBE, Seventeen’s ’tenth mini album’ FML bought 3.99 million copies on its first day (April 24), which HYBE mentioned is a “new global document” for a Ok-Pop album. HYBE showed to MBW that the ones 3.99 million copies bought best come with bodily gross sales.
South Korea-based chart corporate Hanteo, whose real-time bodily album chart tracks album gross sales from over 1,100 document shops international, reported that FML bought over 4.5 million bodily copies international in its first week.
Hanteo additionally reported that FML racked up 4.64 million preorders, making it the most-preordered Ok-Pop album of all time, on the time. (JYP-Leisure-signed Ok-Pop band Stray Children breaking the document in June). Again in 2020, HYBE-signed superstars BTS’s Map of the Soul: 7 won 4.02 million pre-orders.
In the meantime, previous this month, we discovered that HYBE is taking complete regulate of BeLift Lab, the label that’s house to Ok-pop stars Enhypen.
BeLift began out as a three way partnership between HYBE and CJ ENM, proprietor of South Korean pay-TV song channel Mnet.
In line with HYBE, the deal “marks an important step ahead in HYBE’s strategic multi-label construction, increasing its content material and artist portfolio even additional”.
In a press unlock shared with MBW, HYBE says that it’s obtaining a 51.5% stake within the label from CJ ENM, that means that it’s going to now personal 100% of BeLift.
In line with native stories, HYBE is purchasing CJ ENM’s 51.5% stake in BeLift for 150 billion South Korea Received (approx. USD $113.8m)
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