10:23 am - 10/18/2018

BTS renews contract with Big Hit + BTS takes Buzzfeed's "Which BTS Member Are You?" quiz

On October 18, Big Hit Entertainment sent an email to its company employees and stockholders announcing that BTS had renewed their contract with the agency.

BTS debuted in June 2013 and still had more than a year left on their initial contract. Generally, a contract renewal takes place just before the first contract expires, but in the case of professional sports, an early renewal can be a strategic move when a player is considered extremely valuable.

According to the email, the renewed contract is 7 years in length.

Big Hit said, “Our philosophy is to support our artists, who are seeing significant success on a global level, to the best of our ability. After plenty of discussions with the seven BTS members, we have agreed upon a contract renewal in order to maintain their stable and long-term career. Right now, BTS’s team numbers about a hundred-odd people and we will continue to invest time and people in order to make that team stronger and more systematic.

BTS said, “We respect our mentor Bang Shi Hyuk, who had a vision for our future even before we debuted. He has opened our eyes to perspectives not only on music but on the world. We will do our best to show an even better side of ourselves to our fans around the world, with the strong support of Big Hit Entertainment.”

Sources: Naver via Soompi, Buzzfeed Celeb on Youtube
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jyusou 18th-Oct-2018 04:40 am (UTC)
seven years feels like a long time, but somehow still makes sense due to their mutually good relationship. wish them continued success going forward.

i took that quiz and got jimin! i remember taking another quiz earlier on and got jimin in that one too lol.

btw, the recent story about taehyung buying two pieces of art from a 65-year-old painter in dallas and wished that his day shine bright has me all :((((( *hearteu explodeu*
rockerista03 18th-Oct-2018 05:01 am (UTC)
I took that quiz too lmao I got Namjoon for that one! Then got Jungkook for the best friend quiz I think.

I was contemplating submitting that artwork article earlier but I figured someone else would? Taehyung's passion for art always makes me so soft and then that little message he gave the artist was adorable kjsdfhskdjf
vintage_boom 18th-Oct-2018 04:45 am (UTC)
oof 7 was a mistake. with their leverage in the agency they should have gone for 3 or 4 and then given themselves a chance to re-negotiated for more money or bail sooner should their circumstances or enjoyment of the work change.
eelgirl13 18th-Oct-2018 04:55 am (UTC)
i was thinking the same thing tbh like seven is a really extreme show of trust in their company. either they got REALLY REALLY REALLY good terms (i don't even know what the good terms would be like for them to renew for seven years) or they really consider big hit as family - in which case i'm hoping nothing in the next seven years changes.
eelgirl13 18th-Oct-2018 05:16 am (UTC)
i'm really wondering what the terms of their new contract is and how the whole renewal discussion went down. of course i can see them going for seven more years with big hit since they've supported them really well for the past six, but there definitely has to have been some major push and pull. for one, they have to consider when the bts hype will die down (and for sure the members are thinking of this, if the hidden skit in LY her is any indication) - and how will big hit continue to support them afterwards? especially if the rumors of big hit debuting another team is true - given how in most other companies debuting new groups inevitably mean the slowing down of promotion for their older groups. i also really hope they all pushed for more solo activities especially jin - he literally came into big hit wanting to be an actor yet in the six years in the industry he doesn't have one single film credit under his name (not counting the pseudo "dramas" aka the highlight reels).

i feel i might just be really cynical tho - considering how as an older fan i've seen a lot of my favorite groups hit their peak, slowly fall, and eventually drift into solo activities in different companies. right now it does seem great that they have a company that will support them for seven more years, and i sure hope that in say four years down the road they don't feel stuck with big hit.
jyusou 18th-Oct-2018 05:57 am (UTC)
my initial reaction to this was "wow that's a really long time o_o" as well lol. i feel like for bighit and bangtan, they started from bottom and made their way up together, paralleling the journey of boa and sm entertainment, and that the continued support and the good times they are having right now definitely influenced the contract length.

speaking of jin's acting, i discussed with a friend irl who's jin-biased and we also wondered why he does not have more acting roles, considering his/his band's fame and reach, his initial intentions going in, etc. and it could be a combination of him putting group priorities first, or that he's simply not that interested. bc we both find it hard to believe that he doesn't have roles coming his way at all, nor that bighit has such an iron grip on him that they wouldn't allow him to make decisions on his acting career. idk, it's hard to say.

Edited at 2018-10-18 05:58 am (UTC)
mc1a 18th-Oct-2018 05:50 am (UTC)
If they counted the years they are going to spend in the army, 7 years is not that bad.

I hope they stay healthy and humble. I’m all buckled up and ready for this amazing ride.

Edit: OP, I think the source for the Buzzfeed video is not working? It opens the Soompi article.

Edited at 2018-10-18 05:53 am (UTC)
rockerista03 18th-Oct-2018 06:09 am (UTC)
oof I didn't notice that. Thank you! I've edited it so hopefully it's all fixed now.
aeipathy 18th-Oct-2018 06:08 am (UTC)
omfg yoongi was cracking me up so bad this whole video, that's my man

i like that tae got himself hahaha.
babyjenkski 18th-Oct-2018 06:54 am (UTC)
Early contract renewal means they're in a good relationship with the company and it also scares me a bit coz in one of my faves early contract renewal soon came the news of enlistment. All the best for BTS! They're really doing so well I'm so happy for them!
rainstormraider 18th-Oct-2018 07:38 am (UTC)
Barring any big issues between them and management or within the group, this seems like a solid plan for them I guess.

They should enlist at the same time too, otherwise we’d have to deal with another Seungri situation.

That BF quiz was a cute idea. I like how at least 3 people ended up with J-Hope and V ended up being V!

Edited at 2018-10-18 07:42 am (UTC)
shawarmafordays 18th-Oct-2018 07:54 am (UTC)
I woke up to the ARMYs on Twitter talking about the contract renewal and wow, they must have negotiated good terms if they renewed for 7 years. I hope this means they get better cuts and solo activities are written in.

I hope it all works out :)

Also the Buzzfeed quiz has me yelling lmao, I got Jin and I was like hmm cuz I don't know, I do tell weird jokes but also I guess we're similar when it comes to the whole maturity thing. Yoongi was a riot in this lol

I have a feeling they will be enlisting in groups, to avoid everyone being gone unless they have a solid game plan. It's good everyone has something to do in the later years.
mallmouse 18th-Oct-2018 08:35 am (UTC)
7 years?? omg. I truly hope they do have a great relationship. Small company on the one hand, esp. now that they've seen such a huge global success, but then again they made them. Interesting to see if they'll ever be allowed to show off significant others, ha

Suga ruled the quiz. Seems like he's gained some weight, which is good. He looked too skinny a few months ago. RM introduced himself as NJ? 'Say your name'. Who would choose to eat fruit as a snack though

gigabytexx 18th-Oct-2018 09:56 am (UTC)
I believe they'll get good treatments from the company for the next 7 years, but I'm more concerned if Bang CEO fucked up with the management and drag the whole company down.

Anyway BTS deserved the best <3
I'm not even sure I will still be here for the next 1 year lmao but I hope the members will do even greater in the future!
katheli 18th-Oct-2018 10:42 am (UTC)
I hope they got everything they wanted and more. They surely did though, cause I don't see Bighit refusing anything to keep them in the company. They have all the leverage here.

the Buzzfeed quiz was adorable, they're so cute. Suga kills me with his "I don't think so" reactions to the quiz results. The J-Hope squad and V being V...of course.
nekobot 18th-Oct-2018 11:02 am (UTC)
I am forever sketchy of Big Hit but I hope they used this to negotiate some great terms in their contracts! (and some mandatory holiday time)

Also they really need to get started on signing some new artists because you could do a whole lot more with a 100+ members of staff just focusing on a single group.
goshipgurl 18th-Oct-2018 01:08 pm (UTC)
Aren't they already working on a new boygroup? I remember seeing pictures and names of potential members floating around, but that was before they announced their audition a few weeks ago.

Edited at 2018-10-18 01:09 pm (UTC)
goshipgurl 18th-Oct-2018 01:07 pm (UTC)
Honestly, I don't think renewing for 7 years is a good idea. Doesn't matter if they're now at their peak, doesn't matter if they have a good relationship with BH, so much can happen in the entertainment industry within a short time. I think they should have renewed for 2-3 year and again before they join the army.
mandm13 18th-Oct-2018 05:54 pm (UTC)
I don't know anything about contracts but seven years looks like a lot. In any case I hope the terms are good, they deserve it

I took the test before watching the video and got Jungkook! The description is accurate but like Suga I'm a bit skeptical lol
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