Big Hit Music Revenue, Valuation, Funding & Investors

Big Hit Music is valued at $525M as of April 2018, a 3.6x multiple on its last reported $144M revenue.

Last Big Hit Music valuation

$525M

Strategic investment · Apr 2018

Last Big Hit Music funding round

$190M

Strategic investment · Apr 2018

Big Hit Music revenue

$144M

Strategic investment · Apr 2018

Key investors in Big Hit Music

  • IMM Investment
  • Netmarble
  • Alpenroute Asset Management

Big Hit Music Overview

About Big Hit Music

Big Hit Music is a Seoul-based entertainment company managing K-pop artists including idol group BTS and soloist Lee Hyun. Established in 2005, it produces music albums, organizes concerts, and handles global tours for its acts. The label distributes content through partnerships with Universal Music Group and operates fan platforms like Weverse for international engagement.


Founded

2005

HQ

South KoreaSeoul

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$144M (Apr 2018)

Valuation

$525M (Apr 2018)

Sectors

Big Hit Music Valuation

Big Hit Music is currently valued at $525M, based on its strategic investment round in April 2018.

The $190M round was led by Netmarble, with participation from Alpenroute Asset Management and IMM Investment.

Big Hit Music valuation by funding round

Big Hit Music valuation by funding round
DateStageValuationRevenue Multiple
Apr 2018Strategic investment$525M3.6x

Big Hit Music Revenue

Big Hit Music's latest recorded revenue is $144M, as of its strategic investment round in April 2018. At a $525M valuation, that implies a 3.6x revenue multiple.

Big Hit Music revenue by funding round

Big Hit Music revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2018$144M$525M3.6xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Big Hit Music Funding History

Big Hit Music has raised a total of $190M across 1 funding round.

Big Hit Music funding rounds

Big Hit Music funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2018Strategic investmentNetmarble (lead); Alpenroute Asset Management; IMM Investment$190M$525MBig Hit Entertainment (now HYBE Corporation) is a South Korean entertainment company founded in 2005 that manages K-pop boy band BTS and other artists. The company operates music labels, artist management, and fan engagement platforms. In April 2018, Netmarble, a Korean gaming company, invested 201.4 billion KRW to acquire a 25.71% stake, becoming the company's second-largest shareholder after founder Bang Si-hyuk who held approximately 43-45% ownership. At the time of this investment and as of end of 2018, Big Hit was expanding its entertainment portfolio, having acquired music label Source Music which manages girl group GFriend, and was preparing for eventual IPO listing. The company launched Weverse, an online fan community and commerce platform, to diversify beyond traditional music label operations.

Who has invested in Big Hit Music?

3 investors have backed Big Hit Music across its funding rounds, including IMM Investment, Netmarble and Alpenroute Asset Management.

Lead investors include Netmarble.


Big Hit Music Investors

Investors in Big Hit Music by funding rounds participated
InvestorHQRoundsRoleFirst check
Alpenroute Asset ManagementSouth KoreaSeoul1ParticipantApr 2018

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Acquisitions by Big Hit Music

Big Hit Music has acquired 2 companies to date.

Last acquisition by Big Hit Music was on April 2nd 2021. Big Hit Music acquired Ithaca Holdings Limited for $1.1B.


Latest Acquisitions by Big Hit Music

Ithaca Holdings Limited
Pledis Entertainment
Description
Ithaca Holdings Limited is a London-based event organizer running trade shows including Internet World with 10,000 attendees, Leisure Industry Week, and Saltex golf turf exhibition. Acquired by Hyve Group in 2018, it hosts 50,000 visitors annually across venues in Birmingham NEC.
Pledis Entertainment is a Seoul-based record label and talent agency that produces K-pop music and manages idol groups. The company handles artist development, album production, and concert tours for acts including SEVENTEEN and fromis_9. Established in 2007, it operates under HYBE Labels with facilities for training, recording, and media content creation. Pledis distributes through major platforms like Spotify and YouTube, reaching global audiences.
HQ CountryUnited KingdomSouth Korea
HQ City
London
Seoul
Deal Date2 Apr 202125 May 2020
Valuation$1.1Bundisclosed
EV/Revenue
EV/EBITDA

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Investments by Big Hit Music

Big Hit Music has invested in 2 companies to date.

Latest investment by Big Hit Music was on May 17th 2021. Big Hit Music invested in Fave in their $2M Seed round.


Latest Investments by Big Hit Music

Fave
Supertone
Description
Fave is a Los Angeles-based social platform for music superfans. Users create videos, join challenges, and trade fan merchandise while earning points for exclusive artist rewards. Fave partners with musicians for direct fan monetization through in-app marketplaces.
Supertone is a Seoul-headquartered AI audio company specializing in voice synthesis and separation technologies for content creation. Its suite includes tools like Evidence for isolating vocals from tracks and Realtime Voice Changer for live performances. Supertone partners with entertainment firms for dubbing in K-dramas and video games, generating natural-sounding voices from text inputs. The platform supports multiple languages and emotional intonations, serving music labels and streaming services across Asia.
HQ CountryUnited StatesSouth Korea
HQ City
Wilmington, DE
Seoul
Deal Date17 May 202125 Feb 2021
RoundSeedSeries A
Raised$2M$4M
InvestorsBetaworks; Quality Control; Sony Music Entertainment; Female Founders Fund; Warner Music Group; Techstars; Right Hand Music Group; Concord Music Group; HYBEHYBE
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Big Hit Music Competitors

Big Hit Music competitors include listed companies like YG Entertainment and Reservoir Media, and private ones like Songtradr, UnitedMasters, Cinq Music and Smule.

Public and private companies comparable to Big Hit Music
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SongtradrUnited StatesLos Angeles, CAPrivate$24M-$530M-
UnitedMastersUnited StatesNew York City, NYPrivate--$550M-
YG EntertainmentSouth KoreaSouth KoreaPublicly listed$397M$73M$595M1.2x
Cinq MusicUnited StatesLos Angeles, CAPrivate--$600M-
SmuleUnited StatesSan Francisco, CAPrivate$101M-$604M6.0x
Reservoir MediaUnited StatesUnited StatesPublicly listed$176M$68M$616M5.9x

Big Hit Music Public Comps

Big Hit Music is still privately-owned, but its public comps include YG Entertainment, Reservoir Media, Avex, Deezer, Tips Music, HIM International Music, JYP Entertainment, Edel, GMM Grammy and Cube Entertainment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
YG Entertainment$397M$73M1.3x1.2x7.1x7.4x
Reservoir Media$176M$68M6.1x5.9x15.7x14.2x
Avex$942M$40M0.2x0.2x3.6x-
Deezer$615M$17M0.2x0.2x8.2x8.0x
Tips Music$39M$30M21.7x19.3x28.5x27.5x
HIM International Music$34M$23M2.8x-4.3x-
JYP Entertainment$598M$175M1.1x1.1x3.8x5.4x
Edel$308M$40M0.6x0.6x4.4x4.3x

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Common questions about Big Hit Music

When was Big Hit Music founded?Big Hit Music was founded in 2005.
Where is Big Hit Music headquartered?Big Hit Music is headquartered in Seoul, South Korea.
Is Big Hit Music publicly listed?No, Big Hit Music is a private, VC-backed company.
What is Big Hit Music's valuation?Big Hit Music was last valued at $525M in its strategic investment round in April 2018.
How much funding has Big Hit Music raised?Big Hit Music has raised $190M across 1 funding round.
What was Big Hit Music's last funding round?Big Hit Music's last funding round was a $190M strategic investment round in April 2018, led by Netmarble.
Who are Big Hit Music's investors?Big Hit Music's investors include Alpenroute Asset Management, IMM Investment and Netmarble.
What is Big Hit Music's revenue?Big Hit Music's latest recorded revenue is $144M (April 2018).
What is Big Hit Music's revenue multiple?Big Hit Music's latest valuation implies a 3.6x revenue multiple ($525M valuation on $144M of revenue).
Which companies are comparable to Big Hit Music?Companies comparable to Big Hit Music include Songtradr, UnitedMasters, YG Entertainment, Cinq Music, Smule and Reservoir Media.
How many companies has Big Hit Music acquired?Big Hit Music has acquired 2 companies, including Ithaca Holdings Limited and Pledis Entertainment.
What was the largest acquisition by Big Hit Music?The $1.1B acquisition of Ithaca Holdings Limited in April 2021 is the largest acquisition Big Hit Music has made to date.
How many companies has Big Hit Music invested in?Big Hit Music has invested in 2 companies, including Fave and Supertone.
What was Big Hit Music's last investment?In May 2021, Big Hit Music invested in Fave's $2M seed round alongside Betaworks, Quality Control, Sony Music Entertainment and 6 other investors.

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