The Walt Disney Firm Asia Pacific and Korean music big HYBE have signed a world content material deal.
The settlement contains the worldwide distribution of 5 main content material titles from HYBE, which embrace two unique collection that includes the corporate’s flagship Okay-pop group, BTS.
Of the three HYBE initiatives (two of that are BTS-related) introduced thus far embrace BTS: PERMISSION TO DANCE ON STAGE – LA.
This unique cinematic 4K live performance movie options BTS’ dwell efficiency in Los Angeles’ Sofi Stadium in November 2021, the primary time in two years for the reason that pandemic that the band carried out in individual.
The deal additionally contains IN THE SOOP: Friendcation, a journey actuality present with a solid together with V of BTS, Itaewon Class’ Search engine optimization-jun Park, Parasite star Woo-shik Choi, Hyung-sik Park, and Peakboy.
Additionally coming to Disney will likely be BTS MONUMENTS: BEYOND THE STAR, an authentic docu-series following BTS that includes what Disney says is a “huge library of music and pictures over the previous 9 years.
Disney provides that the brand new BTS docu-series will characteristic “the day by day lives, ideas and plans of BTS members”, as they put together for his or her “second chapter”.
BTS introduced their “new chapter” final month after they revealed that they are going to be taking a break to deal with solo initiatives.
HYBE-owned label BIGHIT MUSIC confirmed that the group will likely be specializing in solo initiatives going ahead, however insisted that they may also stay “energetic as a bunch”.
Information of a BTS ‘hiatus’ triggered HYBE’s shares to fall by practically 25% to 145,000 South Korea Gained on Wednesday June 15, wiping round $1.5 billion from the Okay-pop big’s market cap worth.
Within the press launch saying its strategic collaboration between with HYBE, Disney says that itwill introduce a collection of latest titles from HYBE over the subsequent few years, “because the leisure platform continues to supply high-quality content material primarily based on its music and artists IPs”.
“This collaboration represents our inventive ambition – to work with iconic content material creators and high stars in Asia Pacific so their expertise might be loved by mainstream audiences in a number of methods.
Jessica Kam-Engle, The Walt Disney Firm
Jessica Kam-Engle, APAC Head of Content material, The Walt Disney Firm, stated: “We’re thrilled to be collaborating with HYBE to showcase their authentic content material created with highly effective artist IP on our international streaming companies together with Disney+.
“This collaboration represents our inventive ambition – to work with iconic content material creators and high stars in Asia Pacific so their expertise might be loved by mainstream audiences in a number of methods.
“We imagine these new titles will captivate shoppers worldwide and stay up for introducing extra music content material on our service.”
“The Walt Disney Firm has an extended historical past of franchise constructing and selling musical artists, with its unparalleled manufacturers and platforms.”
Park Ji-won, HYBE
Park Ji-won, CEO of HYBE, stated: “This would be the begin of a long-term collaboration, the place we current worldwide audiences a variety of HYBE content material for followers who love our music and artists.
“The Walt Disney Firm has an extended historical past of franchise-building and selling musical artists, with its unparalleled manufacturers and platforms.”
In keeping with investor filings revealed in Might, HYBE generated revenues of South Korea Gained (KRW) 285 billion within the three months ended March 31.
That Q1 income determine converts to roughly USD $226 million at present alternate charges, a rise of 59.8% year-over-year.Music Enterprise Worldwide
