The Walt Disney Firm Asia Pacific and Korean music large 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 Ok-pop group, BTS.
Of the three HYBE initiatives (two of that are BTS-related) introduced to date, 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 particular person.
The deal additionally contains IN THE SOOP: Friendcation, a journey actuality present with a solid together with V of BTS, Itaewon Class’ Website positioning-jun Park, Parasite star Woo-shik Choi, Hyung-sik Park, and Peakboy.
Additionally coming to Disney might be BTS MONUMENTS: BEYOND THE STAR, an authentic docu-series following BTS that includes what Disney says is a “huge library of music and photographs over the previous 9 years.
Disney provides that the brand new BTS docu-series will function “the each 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 give attention to solo initiatives.
HYBE-owned label BIGHIT MUSIC confirmed that the group might be specializing in solo initiatives going ahead, however insisted that they may even stay “lively as a gaggle”.
Information of a BTS ‘hiatus’ brought on 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 Ok-pop large’s market cap worth.
Within the press launch asserting its strategic collaboration with HYBE, Disney says that it’ll introduce a collection of recent titles from HYBE over the following few years, “because the leisure platform continues to provide high-quality content material primarily based on its music and artists’ IPs”.
“This collaboration represents our artistic ambition – to work with iconic content material creators and high stars in Asia Pacific so their expertise will 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, mentioned: “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+.
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“This collaboration represents our artistic ambition – to work with iconic content material creators and high stars in Asia Pacific so their expertise will 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 a protracted 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, mentioned: “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 a protracted 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 trade charges, a rise of 59.8% year-over-year.Music Enterprise Worldwide
