The popular music group BTS, which has a huge fan base around the world, made a statement yesterday and announced that they were taking a ‘break’. However, today the group’s music label, HYBE, stated that BTS did not disband, emphasizing that the group’s words were misunderstood and there was a mistake in the translation.
The popular South Korean music group BTS announced that they are leaving with an announcement they made yesterday and that they will continue their separate projects. After this news, which shocked the fans of the group, a new statement came from BTS’s music company today.
Music companies, HYBE, stated in their statements that the ‘pause’ in the group’s discourse was misunderstood and that the group would not disband. It was stated that due to the group speaking Korean, the subtitle was mistranslated.
Shares of HYBE music company lost approximately $1.7 billion in value in 1 day
After the statements made by BTS, the main reason for the company to make new statements was shown as the decrease in share values. As a matter of fact, HYBE said that even though BTS’ statements had passed for a short time, Its shares fell 28%, resulting in a loss of approximately $1.7 billion. It meant they gave.
The summary of the statement made by HYBE after these losses was that the words of BTS group members were misunderstood. The company states that there is no such thing as the dissolution of the group. they will only focus on their own projects for a while reported. After this statement, which relieved the fans of the group, it was stated that the individual works of the group members also won girls.
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Source :
https://variety.com/2022/music/news/bts-hiatus-hybe-stock-drop-1235295190/