Hybe, BTS’s label, denied hiatus and faced negative repercussions in the market
BTS revealed focus on solo projects at the PARTY – annual event to celebrate the founding of the group (via NME) – streamed on the internet. As they celebrated nine years of existence, they told fans about their intentions of not releasing music as a group for the next few months.
THE Hybe, the K-pop artists’ label, however, denied that the decision represents a hiatus. The possible pause had negative repercussions on the market and generated a 28% drop in shares. This is the lowest level since October 2020, when the company went public for investments.
“The group will remain active as a team as it makes an individual journey to further personal growth,” he said in a statement sent to the newspaper. The globe this Wednesday, 15th (via Yahoo). “BTS is not on hiatus, but will have time to explore some solo projects at this time and will remain active in a number of different formats.”
In the announcement of the supposed break, RM recalled the achievements of BTSbut highlighted how everyone still has a lot to achieve with individual songs: “I always thought that BTS was different from other groups, but the problem with k-pop and the idols is that there is no time to mature. You need to keep producing music.”
“We can’t help but think about our fans. No matter what, we want to be the kind of artist that fans remember. Now, we’re thinking about what kind of artist each of us wants to be remembered by fans,” jimin added.
One of the examples in the focus on the solo career is the recent casting of J-Hope as headliner of Lollapalooza Chicagowhich takes place in July 2022. He was chosen as a replacement for doja catwhich had to cancel for health reasons.
“I think that’s why we’re on a hard path right now. We’re trying to find our identity, and it’s a long and exhausting process,” jimin completed.
Source: Rollingstone
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
