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- Big Hit Music
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2018 | Strategic investment | $525M | 3.6x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2018 | $144M | $525M | 3.6x | Strategic 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2018 | Strategic investment | Netmarble (lead); Alpenroute Asset Management; IMM Investment | $190M | $525M | Big 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | London | Seoul |
| Deal Date | 2 Apr 2021 | 25 May 2020 |
| Valuation | $1.1B | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Big Hit Music acquisitions and their M&A valuation multiples. Start Free Trial | ||
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
| 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 Country | ||
| HQ City | Wilmington, DE | Seoul |
| Deal Date | 17 May 2021 | 25 Feb 2021 |
| Round | Seed | Series A |
| Raised | $2M | $4M |
| Investors | Betaworks; Quality Control; Sony Music Entertainment; Female Founders Fund; Warner Music Group; Techstars; Right Hand Music Group; Concord Music Group; HYBE | HYBE |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Big Hit Music investments and their VC round multiples. Start Free Trial | ||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $24M | - | $530M | - | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $397M | $73M | $595M | 1.2x | ||
| Private | - | - | $600M | - | ||
| Private | $101M | - | $604M | 6.0x | ||
| Publicly listed | $176M | $68M | $616M | 5.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $397M | $73M | 1.3x | 1.2x | 7.1x | 7.4x | |||
| $176M | $68M | 6.1x | 5.9x | 15.7x | 14.2x | |||
| $942M | $40M | 0.2x | 0.2x | 3.6x | - | |||
| $615M | $17M | 0.2x | 0.2x | 8.2x | 8.0x | |||
| $39M | $30M | 21.7x | 19.3x | 28.5x | 27.5x | |||
| $34M | $23M | 2.8x | - | 4.3x | - | |||
| $598M | $175M | 1.1x | 1.1x | 3.8x | 5.4x | |||
| $308M | $40M | 0.6x | 0.6x | 4.4x | 4.3x | |||
This data is available for Pro users. Sign up to see all Big Hit Music competitors and their valuation data. Start Free Trial | ||||||||
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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