K-pop icons BTS shocked the ARMY nation on Tuesday (June 14) with the surprise announcement that they are going on an indefinite “hiatus” to allow each man time to focus on solo ventures.
00:00BTS announced yesterday that they were taking a hiatus and a wave of news came after. Let's break it down.
00:18HYBE, parent company to BTS saw their stock plummet.
00:21The Korean music company lost 1.7 billion dollars of market value in the first hour of trading on Wednesday.
00:27Company-wide, BTS accounted for 27% of HYBE's U.S. album sales and streams in 2021, according to the company's fourth quarter investor presentation.
00:35HYBE released a statement saying it's not a hiatus, but the group will allow themselves to express their individuality through the release of solo albums and collaborations with other artists.
00:43Adding, J-Hope will mark the beginning with his upcoming solo album.
00:47You may know that J-Hope has already announced the headline Lollapalooza in Chicago in July.
00:51I think it's important. I think it's important to go into chapter 2.
00:56I think it's important to go into chapter 2.
01:01I think it's important to talk about those things.
01:03And worldwide handsome J-Hope opened up to Weverse magazine after the announcement, saying he's more confident in stating,
01:09I think the biggest change in my mind is that now, even if there is a major project in the works, I think I can do it now.
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