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[Alpha Biz=(Chicago) Reporter Kim Jisun] HYBE, an entertainment company, is more than three times stronger in the music market share compared to SM Entertainment, JYP Entertainment, and YG Entertainment, according to a report.
"The average value of the sound source of Big 4 Entertainment, including HYBE, is 2.5, but in the case of Hive, it turns out to be 9," Mirae Asset Securities said in a recent report. "It is 3.6 times the average."
The actual album sales record also supports this. Recently, BTS Jungkook's New York Times Square performance has made headlines every day, and his solo album "Golden" is also breaking sales records at home and abroad. A total of 2,147,389 copies of "Golden" were sold on the first day of its release alone, marking the highest first-day sales among albums released by Korean solo artists.
Seventeen's record-breaking march is also in progress. The mini 11th album 'SEVENTEENTH HEAVEN', released on the 23rd of last month, sold more than 5 million copies for the first time in K-pop history. Adding to the achievements of its 10th mini-album "FML," which was released in April, Seventeen has sold more than 16 million albums this year alone.
TOMORROW X TOGETHER (TXT)'s "Chang: FREEFALL," released on the 13th of the same month, sold 2.25 million copies in a week from the release date. As a result, TOMORROW X TOGETHER broke its own initial record and recorded the first "Double Million Sellers" for two consecutive albums in the shortest period of debut (four years and seven months) among K-pop artists.
Also, LE SSERAFIM was the first K-pop girl group to rank first in the Melon "Top 100" and daily charts with "Perfect Night." "GODS," the theme song of the "2023 LoL World Championship," sung by New Genes, recorded the highest number of music video views and Spotify streaming on the first day among the championship theme songs.
HYBE explains that this "career high" update by HYBE artists is the result of HYBE's expansion strategy that has been in operation for many years.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
