HYBE was “on the verge of closing down” before BTS – Armessa Music News


HYBE founder and chairman Bang Si-hyuk has revealed that his company was “on the verge of closing down” before BTS.

Bang Si-hyuk recently made a guest appearance on the tvN talk show You Quiz on the Block, alongside fellow record executive J.Y. Park, the founder of JYP Entertainment.

During his appearance on the programme, the HYBE chairman opened up about how the company (then known as Big Hit Entertainment) was “pretty much drowning in debt” before the boyband’s debut, saying that they had owed about ₩10billion (US$7.4millon) at the time.

“We were seriously on the verge of closing down the business. But I managed to make BTS debut right before it went bankrupt,” he said, per SBS Star, adding that he had “no idea that BTS would become this big”.

“[BTS’ 2015 mini-album] ‘The Most Beautiful Moment in Life: Part 1′ received great love, and that was when I got the feeling that BTS would succeed,” Bang continued. “A little while after that, [BTS’ 2016 single] ‘FIRE’ literally went on ‘fire’.”

BTS in 2022. Credit: Axelle/Bauer-Griffin/FilmMagic

Later, Bang Si-hyuk also opened up about how “unbelievably happy” he is that BTS decided to renew their contracts with HYBE for the second time. “Honestly, I don’t think I’ve been that happy in a long while,” he said.

The businessman explained that “there are tons of agencies that a globally popular act like BTS can sign with”, but the septet’s decision to stay with HYBE “proved that we did well as a management agency”.

“When the members of BTS came to me and said, ‘Hyung, we believe in you. Let’s give it another try’ […] I was jumping around in joy,” he added. “It has been over 20 years since I’d been in management. And those two weeks were the happiest weeks of my life after I entered this field.”

Bang’s comments come shortly after BTS member Suga revealed that he thought the boyband 2015’s ‘The Most Beautiful Moment in Life, Pt. 1′ would be their last album.

Meanwhile, Jungkook’s ‘Seven’ has become the fastest song to reach 1billion streams on Spotify. The BTS singer also recently enlisted David Guetta for new remix of the hit single.

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– Armessa Music News

BTS’ Jungkook announces first solo concert, ‘Golden Live On Stage’ – Armessa Music News


BTSJungkook has announced details of his first solo concert, which will be titled ‘Golden Live On Stage’.

The show will be held in the weeks following the release of the singer’s upcoming debut solo album, which is also called ‘Golden’.

Jungkook will headline Seoul’s Jangchung Arena in Seoul, with the concert set to stream online for fans around the world. It will take place on November 20 at 8pm KST (11am GMT), with tickets available for fans who hold ARMY membership or who have purchased ‘Golden’ from the Weverse Shop.

“Jungkook ‘Golden’ Live On Stage will feature performances of various tracks in the album,” a notice on Weverse read. “We eagerly anticipate your love and support you’ll bring to this unique showcase with the artist.”


While Jungkook has performed solo before – including at the recent Global Citizen festival in New York – ‘Golden Live On Stage’ will mark his first full-length concert as a solo artist. Further details on ticketing and the livestream will be announced in the coming weeks.
Jungkook will release his first solo album ‘Golden’ on November 3. The record will feature 11 tracks, including the recent singles ‘Seven’, which featured Latto, and ‘3D’, which saw the star team up with Jack Harlow.

With ‘3D’, Jungkook became the first Korean solo artist to score two Top Five singles in the UK. His latest release landed at Number Five, while ‘Seven’ peaked at Number Three.

Meanwhile, the singer recently spoke about feeling grateful towards his haters during a listening party. While holding an online event on Stationhead to promote ‘3D’, the BTS member referenced a comment from one fan who said they were “looking into [supporting] other idol groups”.

He replied that the commenter was “free to do so”, but that he is “grateful for those who support me”. Later, Jungkook added that he is also “grateful for even the malicious comments”. “It means they’re spending their time on me. I’d consider that some sort of interest. Right? They’re different kinds of fans,” he said.

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– Armessa Music News

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