Big Hit Music has issued a statement in response to the personal announcement by the members of BTS themselves that pertains to their group activities going forward.
On June 14, BTS celebrated 2022 FESTA with an hour-long video. The members sat down for a meal and some drinks. During the video, they spoke about many subjects and touched on the most important part that has since gone viral, their group hiatus. They announced they shall be taking an extended indefinite hiatus from group activities as they begin the second chapter of their lives. The news came as a huge shock to the fans and the members spent a good portion of the video discussing what led to making this decision.
Big Hit Music addressed the situation in a statement, they wrote,
“BTS will start a new chapter that combines team and individual activities. It will be a time for each member to grow through various activities, We expect it to be a source of nourishment for the members to become a long-running team in the future.. For this, we will actively support it at the label level.”
In related news, HYBE’s stock price began to tumble this morning after the news was announced. As of this writing, HYBE’s stock has lost more than 25% of its value thus far.
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