K-Pop group BTS' label Big Hit posts profit jump as it prepares for IPO

K-Pop group BTS' label Big Hit posts profit jump as it prepares for IPO

REUTERS/Brendan McDermid

Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw a 27% jump in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic.

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