Take a fresh look at your lifestyle.

BTS DENY They’re Breaking Up After Announcing A ‘Hap’ Wipe Out 34% Of The Label’s Market Cap

0

K-Pop icons BTS have denied splitting up just one day after announcing a “gap” that has since wiped out 34 percent of their record label’s market cap.

The South Korean band now insists Tuesday’s statement was “lost in translation,” after apparently saying they were taking a break to pursue solo projects.

While band members will pursue solo projects, they will remain an active group for the foreseeable future, it has been claimed.

According to TMZ, BTS backed off, sparking rumors that they were being tempted to stick together after their announcement plunged record label stock HYBE by 34 percent. That wiped nearly two billion from the company’s market cap.

The wildly successful band, which has a famously huge and hysterical fan base, sparked the frenzy after announcing Tuesday at their annual FESTA dinner.

In Korean and with English subtitles on the occasion of the band’s nine-year anniversary, band member RM said it was time for them to work for themselves and announced that they are on a “temporary hiatus.”

But music fans have heard the “temporary hiatus” rule from other bands in the past and fear it’s a way to gently pass the news of a split to fans.

BTS sent its millions of fans and investors on their label in a frenzy after announcing Tuesday at their annual FESTA dinner, which celebrated their nine years together.

But the popular South Korean band's management debunked those reports on Wednesday, saying the message was lost in translation.

While band members will pursue solo projects, they will remain an active group for the foreseeable future, they said

But the popular South Korean band’s management debunked those messages on Wednesday, saying the message had been lost in translation. While band members will pursue solo projects, they will remain an active group for the foreseeable future, they said

Their label, HYBE, reported that its shares are down 25%, wiping out nearly $1.7 billion of its market value.

Their label, HYBE, reported that its shares are down 25%, wiping out nearly $1.7 billion of its market value.

On Tuesday, the popular South Korean band announced that they are on a “temporary hiatus.”

Members Jungkook, 24, Jin, 29, RM, 27, V, 26, Suga, 29, J-Hope, 28, and Jimin, 26, burst into tears during the Festa video as they spoke while taking time off to ‘to grow’. †

V said during the video, “J-Hope told me this before, this time we were able to focus on our solo work, and later, when we got together as a group, that synergy was like no other.”

On the South Korean live streaming app VLive Wednesday, bandmate Jungkook is said to point out the ‘misunderstanding’ on video.

Official English subtitles have not been added to the hour-long streaming video.

A BTS representative told Rolling Stone that the group will not disband, but that some members will pursue their own projects.

The rep also told the outlet that BTS will be shooting a video for “Run BTS” in the coming months.

Tuesday’s unexpected announcement sparked anger among investors in HYBE.

“They have planted ‘dynamite’ in the hearts of shareholders,” someone wrote on a Samsung Securities stock trading platform, referring to one of the group’s hit songs.

HYBE stock has performed relatively poorly in recent months, with the company’s CEO and some BTS members gaining shares totaling $10 billion in December.

“I always thought BTS was different from other groups, but the problem with K-pop and the whole idol system is that they don’t give you time to mature,” RM said on the FESTA video.

‘You have to keep making music and keep doing something.’

And Jimin added: “We can’t help but think about our fans, no matter what happens, we want to be the kind of artists that are remembered by our fans.

“I think now we’re starting to think about what kind of artists we want our fans to be remembered for.”

“I think that’s why we’re going through a difficult period at the moment, we’re trying to find our identity and that’s a tiring and long process.”

V insisted it wasn’t a split, adding that they will get back together later “when we get back together as a group, that synergy will be like no other.”

J-Hope then said, “I think we should take some time apart to learn how to be one again. I hope you don’t see this as something negative, but as a healthy plan. I think BTS will get stronger that way.”

SUGA then said, “It’s not like we’re breaking up!”

Saying goodbye to their old life...for now: Things won't be the same again, but along the way they get back together

So many tears: many band members had to wipe tears during dinner

So much emotion: several band members cried and tried to comfort each other and laughed every now and then

After the video was shared, V shared a note with Weverse.

“For the past ten years, we have never stopped looking at what lies ahead… Now, this is just the beginning, the first steps we are taking to ensure that we will stay together as Bangtan for a long time to come.”

He added: ‘The purple cord connecting ARMY and Bangtan is strong and will never break.’

Individual members already have enough going on themselves: Jung Kook released a solo single on Sunday called My You.

And J-Hope has been announced to headline the Lollapalooza festival in Chicago in July. Suga has released solo mixtapes in previous years.

BTS is a South Korean boy band that was formed in 2010 and debuted in 2013. They are also known as the Bangtan Boys.

In December 2021, they said they needed some time to charge. And also in 2019 they took a mini break.

US Visit: BTS was seen at a White House press conference with White House Press Secretary Karine Jean-Pierre in May in Washington, D.C.

US Visit: BTS was seen at a White House press conference with White House Press Secretary Karine Jean-Pierre in May in Washington, D.C.

In 2021, the group’s management company Big Hit Music said in a statement: “We would like to inform you that BTS plans to take a second official extended rest period since their first in 2019. BTS continued to engage with fans. come. in 2020 and 2021 amid the Covid-19 situation, achieving astonishing results to cement themselves as top performers worldwide.”

In 2019 it was also announced that the band needed some time.

“This rest period will be an opportunity for the members of BTS, who have relentlessly pushed their way towards their goal since their debut, to recharge and prepare to re-present themselves as musicians and creators,” it was shared at the time.

“It also gives them the opportunity to enjoy the ordinary life of young twenty-somethings, albeit briefly.”

New tune: Earlier this month, they released the music video for Yet To Come (The Most Beautiful Moment) from their compilation album Proof.  Seen in April

New tune: Earlier this month, they released the music video for Yet To Come (The Most Beautiful Moment) from their compilation album Proof. Seen in April

On Friday, the group released their latest album Proof, a compilation that combines some of their greatest hits with rarities and unreleased tracks.

Accompanying the new hits package was a video for the newly released single Yet To Come (The Most Beautiful Moment), featuring the members in a serene desert setting.

The cover of BTS’s new album features the group logo, two trapezoidal doors in the shape of semi-open doors, although they were flanked by some more abstract white shapes against an all-black background.

“The BTS anthology album that embodies the history of BTS will be released as they begin a new chapter as an artist who has been active for nine years looking back on their efforts,” said a statement from BTS’ management group Big Hit Music. last month.

“The three-disc anthology album Proof contains many different tracks — including three brand new songs — reflecting the members’ thoughts and ideas about the past, present and future of BTS,” it concluded.

The septet previously hinted at the album’s release date during the Las Vegas residency shows in April.

Leave A Reply

Your email address will not be published.