SEVENTEEN Went From Nearly Broke to a $250 Million Empire — and Re-Signed to Keep It That Way
kbizoom did the math: an estimated $220–250M generated for HYBE in 2023 alone, from a group whose label once sat on the edge of bankruptcy. on july 13, all 13 renewed. AGAIN.
on july 13 pledis confirmed that all thirteen members of SEVENTEEN re-signed — their SECOND renewal, heading into year eleven. thirteen men. zero defections. in this economy, on this timeline, during this particular season of contract chaos. absolutely feral behavior.
the reveal wasn't even a press release first. s.coups said it out loud, emotionally, on the closing night of the [NEW_] encore run at incheon asiad stadium back on april 5. he told the people who'd been standing in that stadium for it. correct instincts.
now the part that makes the renewal read like a business decision instead of a feelings decision. in 2023 SEVENTEEN moved roughly 15.93 million albums per circle chart — the best-selling artist in the country that year. 'FML' cleared 6.39 million on its own, 'SEVENTEENTH HEAVEN' added 5.94 million, and the FOLLOW tour pulled about $111.5 million from 988,314 people across 28 shows. estimates put the whole year at $220–250 million in revenue for HYBE. the boys ARE the balance sheet.
and yet. the origin story is 'the company could not afford stage outfits.' pledis spent 2012 to 2015 too broke to launch them, pushing the debut back over and over. woozi ended up producing the music, hoshi ended up building the choreo, and the rest split concepts and creative direction between them — so the entire self-producing identity everyone praises now was never a brand strategy. it was survival, in a numbered mesh jersey.
since then: the first k-pop act to speak and perform at the UNESCO Youth Forum in paris in 2023, then UNESCO's first-ever Goodwill Ambassador for Youth in june 2024. the members currently serving in the military will finish their paperwork when circumstances allow, and the company says it's already prepping for all thirteen to reconvene. CARATs, that's YOUR boys.
from 'will this group even debut' to 'this group is a line item.' mother is mothering in a full suit.
Reported by kbizoom. This article is Aegyo Arena's own write-up of that reporting.
Read the original on kbizoom →
le sserafim is closing the 'PUREFLOW' tour in manila and PH fearnot is officially UP
two december nights at MOA arena will be the grand finale of the whole run — presale details inside
manila you're not going to believe your luck: le sserafim picked YOU to end the entire 'PUREFLOW' tour. the finale. the grand closer. the literal 'save the best for last' of it all.
the facts: it's two nights — december 5 and 6 — at the SM mall of asia arena. fearnot membership presale opens september 4 via SM tickets, with general sales following on september 6.
closing a world tour in manila is a FLEX for the fandom — PH crowds are famously feral in the most loving way, and the girls clearly know it. the fearnot are going to be insufferable (affectionate).
mark the presale, set seventeen alarms, and may your queue position be blessed. see you in december, bestie.
Reported by Hellokpop. This article is Aegyo Arena's own write-up of that reporting.
Read the original on Hellokpop →illinois declared an actual 'BTS Day' and chicago is about to be fully unwell
the governor made it official ahead of two soldier field nights on the 'Arirang' world tour
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