HYBE Set To Negotiate Contract Renewals With BTS, Seventeen, TXT, and ENHYPEN. Are All Groups Staying With the Agency?

HYBE, one of many powerhouse leisure corporations within the Korean music trade, will quickly face essential negotiations for the contract renewals of most of its main male idol teams.4 of the corporate’s male idol teams are up for contract renewal, specifically BTS, Seventeen, Tomorrow X Collectively (TXT), and ENHYPEN.BTS, HYBE’s flagship group, renewed their contracts in 2023, however the phrases stay undisclosed. In contrast to earlier renewals, the dearth of public announcement in regards to the contract length has led to hypothesis that it may be a short-term extension, with the contract being up for renewal by 2026 or 2027.In the event that they renew their contract with the company, it is going to be the third time they’ve prolonged their contracts with the corporate. BTS is anticipated to proceed its group actions within the latter half of this yr in spite of everything members full their necessary army service.Seventeen beforehand signed an early renewal, however they’re anticipated to barter their subsequent contract determination subsequent yr. Nevertheless, the group’s negotiation might be pushed again or moved up because of the ongoing army enlistments. Jeonghan has already enlisted in September 2024. Hoshi, Wonwoo, and Woozi are more likely to enlist this yr, with youthful members DK and Mingyu quickly to comply with.TXT and ENHYPEN are two of HYBE’s newer era of artists. The teams will face their first contract renewal in 2026 and 2027, respectively. The male idol teams have contributed considerably to the corporate’s backside line, with TXT chargeable for 12.4% and ENHYPEn for 16.4% of the company’s complete album gross sales.It’s unclear whether or not all 4 teams plan to stick with HYBE. Monetary analysts from IBK Funding & Securities stay optimistic in regards to the firm’s future, predicting excessive development till 2026. They cite the agency’s well-balanced artist portfolio as a energy. The company’s potential to distribute gross sales throughout a number of artists has been famous as a energy, lowering its earlier heavy reliance on BTS.Regardless of the constructive outlook, some followers specific issues about HYBE’s therapy of its artists, significantly following controversies such because the poor enhancing of Seventeen’s fan assembly photographs. This has led to calls from some quarters for teams to depart the company.