On June 13, BTS celebrated its 7th anniversary with a record-breaking virtual concert that would never have happened if things had gone differently. “While we greatly appreciate the time we have spent with Sony (Columbia/Orchard) and will be eternally grateful for all they have done and will continue to do, we look forward to our next chapter in partnership with Universal.” Black rose. They are one of the most popular Korean bands right now. The band debuted in 2016 and that means their contract expires in 2023. Passionate fans of K-pop superstars, BTS, remember the band`s humble beginnings when they first signed with the K-pop big hit Entertainment leadership team in 2010. THE ARMYs were able to see the group become the giants they are today, as one of the most popular bands in the world, and although their fame can be attributed mainly to their talent, the recognition is also due to their impeccable management. The K-pop boy band BTS, which conquered the world in 2017 and continues to do so, may have to take a break. With jin, the oldest member, approaching his 30th birthday and conscription, millions of fans around the world are wondering what the band will look like in six years. BTS reportedly said goodbye on June 13, 2020, but it`s glad they didn`t.
In June 2021, Yoon Sang Hyun, a member of the National Assembly, proposed an amendment to the law that calls for the release of individuals who have rendered exemplary service and made a significant contribution to the country. BigHit Entertainment has denied the rumor. In addition, there is an important reason why BTS will not dissolve in the coming year 2020. Each K-Pop Idol group signs a contract that binds them to their company for 5 to 10 years. BigHit confirmed that their contract expires in 2026 and not in 2020. Based on this comment, it looks like Big Hit Entertainment`s contracts will last five years before they expire. Therefore, their contract will not be renewed until 2023, and since the relationship between BTS and Big Hit seems strong, it can be assumed that they could renew the contract until 2028. On June 16, Jimin also mentioned BTS` contract during his live stream on YouTube. If the members had not agreed to renew their contracts, BTS would have ended on June 13, 2020 and the seven would have separated. With the initial renewal, the band has achieved achievements that no one could have imagined – collaborations with the greatest Western artists and nominations for the Coveted but infamous Grammys. During the show, Jin stopped to inform viewers that BTS` contract with Big Hit Entertainment would have ended on his seventh birthday (aka this year!) if the band members hadn`t decided to extend their contract in 2018.
In a statement sent to MBW today, a HYBE spokesperson said: “We have decided to sign a new contract with Universal Music Group/Interscope regarding sales and marketing in the US and other regions. BTS debuted in June 2013 and had seven-year contracts. This is the norm in the K-pop industry, although some artists also have five-year contracts instead of seven. Based on the terms of its original contracts, BTS should have been dissolved in June 2020. While 2020 isn`t the year we expected, it has a few positive aspects. The first is that BTS is still together and will be for years to come! Fans have speculated that BTS` renewed contract also takes into account their convocation period. In December 2019, the South Korean parliament passed a law raising the age limit for K-pop artists to 30. However, fans refuted these points in a Reddit thread, claiming that the video was just a clickbait. Reddit user YANN_LIFE said, “They certainly seem to be types of workaholics [sic].
I think they are fine, given that as soon as one of them gets injured, they are immediately put to rest. And I think that`s their decision, that`s how they work. You certainly have days off. But like any workaholic who loves their job, they always come back to their work as their only passion. This is our 7th anniversary. If things had gone the way they were originally supposed to, yesterday would have been the end of our contracts, but I am very grateful to have met the members as well as a good company. I am relieved that we can be together much, much longer. Usually, the contract of K-Pop groups ends around 7 years.
From now on, the Blackpink will not disband, as this group made its debut in 2016 and its contract expires in 2023. According to their latest contract extension, BTS will remain under their Big Hit Entertainment label until 2026. This means that even if all the members showed up in 2020, they would be back on stage and performing under Big Hit for at least three more years. In October 2018, BTS extended its exclusive deal with Big Hit Entertainment and achieved great things in 2019 and 2020. “Originally, our contracts were due to end yesterday. But because we have found a good agency, we will fortunately be able to stay with our colleagues much longer. I`m getting very emotional,” Jin said. The BTS contract is expected to end in 2020 with Bighit Entertainment, as each contract in South Korea can be for a maximum duration of 7 years. But BTS decided to terminate his contract for the 7th anniversary. Now the contract with HYBE ends in 2024.
In the midst of a whirlwind world tour that has seen them sold out across North America, Europe and Asia and made history several times, the seven members of South Korean boy band BTS have extended their contracts with Big Hit Entertainment. BLACKPINK`s contract will be extended until 2028. According to the email, the renewed contract is for 7 years. On the 18th. In October, Big Hit Entertainment sent an email to its company`s employees and stakeholders announcing that BTS had renewed its contract with the agency. In an emailed statement Wednesday, BTS said: “We respect our mentor, producer [and founder of Big Hit] Bang Si-Hyuk, who showed us a vision of our future even before the debut and helped us shape our perspective on the world and music. With the support of Big Hit Entertainment, we will continue to strive to do our best for fans around the world. “As someone who worries a lot by default, I certainly thought about Bangtan`s workload. Overall, I think it`s okay to trust BigHit and/or BTS itself; BigHit seems to be trying to compensate for the constant exposure with small pauses, and if one of the members expressed discomfort/exhaustion, I`m sure the fandom would immediately protect and defend him. Take a look at some of the fan theories about what the future might hold for K-pop supergroup BTS.
BTS signed a seven-year contract extension with BigHit in 2018 It was essentially a huge sigh of relief and a reason to celebrate for fans around the world who knew they would have the guys in life for years. And although rumors of mismanagement have plagued the band for several years, it appears that BTS has extended its contract with Big Hit Entertainment until 2020. Stay tuned for everything we know about the group`s latest decision. In a statement from Big Hit, the company announced that BTS members – RM (Kim Namjoon), Jin (Kim Seokjin), Suga (Min Yoongi), J-Hope (Jung Hoseok), Park Jimin, V (Kim Taehyung) and Jeon Jungkook – have signed with the company under which they were founded for another seven years. The news of the renewal comes before their current contracts expire next year and will extend the band`s contracts with Big Hit from that date until 2026. Six years is a long time, so it is possible that members may or may not renew their contracts to focus on a more peaceful life. BTS members Jimin, Jungkook, RM, Suga, V, Jin and J-Hope are all single right now, but there have been a lot of dating rumors and girlfriends around them. According to reports, BTS signed his contract in 2016, and later they extended their contracts with Big Hit for another 7 years, and since they renewed the contract, it will expire in 2026. This literally means that BTS will dissolve in 2026.
“From three days, we wouldn`t have been able to see each other if we hadn`t all renewed our contracts,” Jimin said. He said BTS hugged each other on the occasion of their 7th birthday and thanked each other while talking about their near-dissolution. BTS debuted in June 2013 and had more than a year left on his contract. In general, a contract extension takes place just before the first contract expires, but in the case of professional sports, an early extension can be a strategic step if a player is considered extremely valuable. The company also announced that it would build a team around BTS that will provide “systematic support and investment” in the law and his career. “Our philosophy is to offer the best to artists who are experiencing unprecedented global success,” said Big Hit. The announcement of the seven-year contract extension was made by email to all Big Hit employees and shareholders. Big Hit said: “Our philosophy is to support our artists who are achieving significant success globally to the best of our ability. After many discussions with the seven members of BTS, we have agreed to a contract extension in order to keep their career stable and long-term.