Ren⁷⟭⟬⟬⟭(slow)
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renkiger.bsky.social
Ren⁷⟭⟬⟬⟭(slow)
@renkiger.bsky.social
Really just here for BTS and 💜 ARMY 💜
아포방포 | she/her
So true!
July 6, 2024 at 10:40 PM
If at least BHM opened true accts it prob wld help a bit to encourage ARMY to come & build community here too. But twt is still the ‘online core’ of ARMY (where getting things done/info/translations/movements etc, start. It’s been our home forever, mostly bc BTS for yrs used to be so active there …
July 6, 2024 at 12:08 AM
I should also add, as far as I know, nothing’s ever been confirmed so it’s not clear/actually known whether under BTS’ current contract its term suspends during their military service (suspension during enlistment can be/is a standard term). Their early renewal now kinda suggests it might not, but 🤷‍♀️
September 21, 2023 at 5:27 AM
Bear in mind financial analysts right now are basically just making educated guesses: on renewal term (5yrs is a standard term so it’s based on that), and on any money amounts involved. They’re guessing to figure out advice to give re share value etc.
As always, pls listen to BTS.
Trust BTS.
아포방포💜
September 21, 2023 at 5:19 AM
Also, right now we don’t know how long the renewal term will be for, and we also don’t know (and may, or may not, later learn) what abt the renewal contract required a BoD resolution to approve. Because that part is unusual & suggests something about the new contract’s terms (favorable to artists) +
September 21, 2023 at 5:17 AM
their view was that their renewed contract was *the most exemplary one in the industry* — which then means it *wasn’t* standard form/terms, but was modified, specifically. No one would expect BTS’ second renewal in 2023 to be standard either (esp not with that currently mysterious Board resolution)+
September 21, 2023 at 5:15 AM
BTS have access to that info, AND MORE INFO we never will see.
While the contract title/subtitle in the pic Joon shared on his IG story refers to the contract being based on the standard form it doesn’t mean it *is* the unmodified standard form. As BH & BTS said in 2019, when they renewed in 2018 +
September 21, 2023 at 5:13 AM
How some people suggest any of BTS *don’t know* their own value these days, after everything, is beyond me 🙄
Not only are there multiple public statements over the yrs, incl one they co-signed calling their own value astronomical(!), but BH (now HYBE) is now a public co with public financial info +
September 21, 2023 at 5:10 AM
“We recognize that the process of contract renewal is not that simple, seeing that BTS creates astronomical values. After a long discussion regarding BTS' contract renewal w the company, we drew up the most exemplary contract in the industry”+
Full (Korean) statement
n.news.naver.com/entertain/ar...
빅히트 "방탄소년단과 수익배분 갈등 사실무근..JTBC 보도 유감"(공식입장 전...
[스타뉴스 문완식 기자] 빅히트엔터테인먼트가 소속가수 방탄소년단(BTS)과 수익배분 갈등이나 전속 계약 관련 문제가 없다며 일부 보도에 대해 정면 ��...
n.news.naver.com
September 21, 2023 at 5:09 AM
BH also acknowledged in the 2019 *joint statement* that the value BTS creates is *astronomical*:
“Upon the conclusion of last year's contract renewal as well, the company and BTS acknowledged each other to have equal partnership. +
September 21, 2023 at 5:06 AM
consultation on differences was not the same as actual disagreement:
“At the same time, we are aware of our important partnership with BTS and although mutual differences can arise at any time, we are working through them regardless of the importance through active consultation” +
September 21, 2023 at 5:05 AM
“Since the value that BTS creates increases each day, we believe that it's natural to listen to professional advice starting from the outside as either a team member or an individual member.”
The 2019 joint statement also acknowledged differences could come up at any time, but +
September 21, 2023 at 5:04 AM
First, re getting independent legal advice, in the 2019 *joint statement* BH said:
“…we have, from the beginning, advised BTS and their parents to use outside advice from accountants and lawyers regarding finance, settlements, and law. +
September 21, 2023 at 5:04 AM
BH, BTS, AND their parents(!), issued a furious but scathingly polite *joint statement* clarifying and demanding an apology (which they got, a week later, on air, on primetime news).
The 2019 joint statement also included a little bit more info re BTS’ contract… +
September 21, 2023 at 5:03 AM
In 2019 we first officially learned this when Kmedia MAJORLY pissed off BH, BTS, AND their parents(!) by running a misleading, non-factual report, AND breaking into BH’s then office space and filming without permission. The 2019 news report insinuated BTS and BH were in conflict +
September 21, 2023 at 5:01 AM