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HYBE-owned Weverse Magazine has confirmed that its former editor-in-chief was responsible for creating HYBE’s controversial leaked “music industry report,” but the magazine says those reports were not connected to the magazine, and the controversial report was “worked on separately.” The revelation comes amid growing scrutiny of the entertainment giant’s internal practices. The controversy emerged on […]
South Korean K-pop giant HYBE said its net profit basically evaporated in the third quarter and total revenue slipped 2% after after the company earned less from concerts and saw reduced music sales, according to results published on Tuesday (Nov. 5). HYBE’s net profit for the third quarter was 1.444 billion won ($1.05 million), a figure […]
South Korea-headquartered entertainment powerhouse HYBE has published its financial results for Q3 2024 (the three months ending September 30). During the quarter, across all of its divisions, the company generated 527.8 billion South Korean Won (USD $389.2 million at the average exchange rate for the quarter). This represents a 1.9% YoY drop and a 17.6% […]
K-pop giant HYBE’s superfan platform Weverse is launching a set of new higher-priced membership tiers for users on December 1. Current Weverse subscribers pay around USD $24 per year for benefits including exclusive content and announcements from their favorite artists. According to The Korea Herald, the new Weverse launch – dubbed “digital membership” – will […]