BTS contracts expected to expire in 2024, Hybe to debut 4 groups in 2023 (2024)

Hybe sent out a letter toshareholdersto address uncertainty related to BTS members' enlistment. In the short term, the individual activities of some of the BTS members are scheduled until the first half of next year. They are aware that investors are concerned about Hybe's future growth.

With the BTS members' contracts ending in 2024 and membersenlistingin2022 and2023, the company is looking for new sources of income to secure its future on the market. According to Korean sources, BTS renewed their contracts in 2018 which will last until 2024. Hopefully, the BTS members will extend their contracts in 2024.

Hybe has prepared for the (absence of BTS) for a long time. In 2023, Hybe will debut 4 or more teams, including in Japan and US. From a mid to long-term perspective, Hybe will continue to produce music and debut artists through the multi-label strategy.

According to the leaked plans, all BIG4 companies are planning to debut new teams. Hybe has the most ambitious plans.

• &TEAM, a boy group created through a survival show, will debut in Japan at the end of 2022.
• Trainee A, Big Hit's only known boy group in training, is set to debut in 2023.
• KOZ Entertainment, the company created by Zico (now under Hybe), will also debut a boy group in 2023.
• UMG,with the help ofHybe, will debut a girl group in the US in the same year, 2023.
• Pledis' new boy group is preparing to debut in 2023.