HybeOne of the entertainment companies Powerhouse in the Korean music industry will soon face crucial negotiations for the renewals of the contract of most of its main groups of male idols.
Four of the company’s male idol groups are ready for the renewal of the contract, that is to say BTS, seventeen, tomorrow x together (TXT) and Enhypenn.
BTS, Hybe’s flagship group, renewed their contracts in 2023But the terms remain not disclosed. Unlike previous renewals, the lack of public ads on the duration of the contract has led to speculation which could be a short -term extension, with the contract for renewal by 2026 or 2027.
If they renew their contract with the agency, it will be the third time they have extended their contracts with the company. BTS is expected to continue group activities in the second half of this year after all members have completed mandatory military service.
Seventeen have previously signed an early renewal, but it is expected that they will swear their next decision of the contract next year. However, the group negotiation could be rejected or moved due to the current military enrollments. Jeonghan has Already enrolled in September 2024. Hoshi, Wonwoo and Woozi will probably enlist this year, with the younger members DK and Mingyu who will soon follow.
Txt and Enhypen are two of the new generation of Hybe artists. The groups will have to face their first renewal of the contract in 2026 and 2027, respectively. Male idol groups Total album sales.
It is not clear if all four groups intend to be with Hybe. Ibk Investment & Securities financial analysts remain optimistic about the future of the company, foreseeing high growth until 2026. They quote the company’s well -balanced artists’s portfolio as a force. The agency’s ability to distribute sales on multiple artists has been known as a force, reducing its previous strong dependence on BTS.
Despite the positive prospects, some fans express concerns about the treatment of Hybe towards its artists, in particular following disputes such as the Bad editing of the Seventenen Meeting Fans photos. This led to calls from some quarters for groups to leave the agency.
