All BTS Members Renew Contracts with HYBE

People look at medals unveiled to mark the 10th anniversary of global K-pop sensation South Korean boy band BTS, also known as the Bangtan Boys, at a department store in Seongnam, south of Seoul, South Korea, 01 September 2023. (EPA)
People look at medals unveiled to mark the 10th anniversary of global K-pop sensation South Korean boy band BTS, also known as the Bangtan Boys, at a department store in Seongnam, south of Seoul, South Korea, 01 September 2023. (EPA)
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All BTS Members Renew Contracts with HYBE

People look at medals unveiled to mark the 10th anniversary of global K-pop sensation South Korean boy band BTS, also known as the Bangtan Boys, at a department store in Seongnam, south of Seoul, South Korea, 01 September 2023. (EPA)
People look at medals unveiled to mark the 10th anniversary of global K-pop sensation South Korean boy band BTS, also known as the Bangtan Boys, at a department store in Seongnam, south of Seoul, South Korea, 01 September 2023. (EPA)

All seven members of K-pop sensation BTS have renewed their contracts with agency HYBE, the company said Wednesday, with the group currently on "hiatus" as some of them perform South Korea's mandatory military service.

Since their debut in 2013, BTS have been credited with generating billions of dollars for their country, as well as boosting the image and soft power of South Korea -- now a global cultural powerhouse.

The K-pop juggernaut announced a "hiatus" from group activities last year and two members are currently undertaking their some 18 months of military duty.

Local reports have said the band could reunite around 2025, when all of its seven members will have completed their service in the army.

"Our company has completed the Board of Directors' resolution to renew the exclusive contracts of seven BTS members," the band's agency, HYBE, said in a regulatory filing on Wednesday.

"This fact was judged to be a management matter that could affect the company's financial status and investor decision-making, and was therefore disclosed," it added.

Since their debut 10 years ago, the band had previously renewed their contracts with HYBE in 2018, which would have expired in 2024.

The company did not disclose details of how long the new contracts were or when they would expire, but the latest announcement indicates that all seven members of the group will likely remain with the label even after they have completed their military service.

Some male K-pop stars have faced challenges in resuming their careers after fulfilling their duties, in an intensely competitive industry where artists can be easily replaced.

In March, Bang Si-hyuk, chairman of HYBE and the mastermind behind BTS, said making BTS do their military service was slowing the global growth of K-pop.

All able-bodied men in South Korea must serve at least 18 months in the military and, after a years-long debate about whether BTS deserved an exemption, Jin, the oldest member of the group, enlisted last year.

His bandmate J-Hope started his mandatory service in April.

A third member, SUGA, will begin his service on Friday.

HYBE shares closed down 0.82 percent in Seoul Wednesday.

K-pop contract renewals can be complex, with shares of BLACKPINK's agency YG Entertainment tumbling last week, after local media reports claimed member Lisa had rejected a renewal offer.

They subsequently bounced back, although the agency has yet to announce details of new contracts for BLACKPINK -- one of K-pop's most successful girl groups.



Unreleased Beyonce Music Stolen From Car in Atlanta

FILE - Beyonce, left, accepts the Innovator Award during the iHeartRadio Music Awards, April 1, 2024, at the Dolby Theatre in Los Angeles. (AP Photo/Chris Pizzello, File)
FILE - Beyonce, left, accepts the Innovator Award during the iHeartRadio Music Awards, April 1, 2024, at the Dolby Theatre in Los Angeles. (AP Photo/Chris Pizzello, File)
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Unreleased Beyonce Music Stolen From Car in Atlanta

FILE - Beyonce, left, accepts the Innovator Award during the iHeartRadio Music Awards, April 1, 2024, at the Dolby Theatre in Los Angeles. (AP Photo/Chris Pizzello, File)
FILE - Beyonce, left, accepts the Innovator Award during the iHeartRadio Music Awards, April 1, 2024, at the Dolby Theatre in Los Angeles. (AP Photo/Chris Pizzello, File)

Computer drives containing unreleased music by US superstar Beyonce and plans related to her concerts were stolen last week in Atlanta, police said Monday, with a suspect still at large.

The items were stolen from a rental car used by Beyonce's choreographer and a dancer on July 8, two days before the pop icon kicked off the Atlanta leg of her "Cowboy Carter" tour, a police incident report said, according to AFP.

Choreographer Christopher Grant, 37, told police that he returned to the car to find its rear-window smashed and their luggage stolen.

Inside were multiple jump drives that "contained water marked music, some un-released music, footage plans for the show, and past and future set list (sic)," the report said.

Also missing were an Apple MacBook, headphones and several items of luxury clothing.

Police investigated an area where the MacBook and headphones had pinged their location, but the report did not mention any items being recovered.

Atlanta Police said in an online statement that a warrant had been issued for an unnamed suspect's arrest, but that the suspect remained at large.

The "Cowboy Carter" tour kicked off in April after the global superstar took home her first "Album of the Year" Grammy for the 2024 album.

The sweeping country-themed work saw Beyonce stake out musical territory in a different genre from much of her previous discography.

The ambitious, historically rooted album also aimed to elevate and showcase the work of other Black artists in country music, whose rich contributions the industry has repeatedly sidelined.

As her stadium tour to promote the album winds down, Beyonce ended her four-night stint in Atlanta on Monday, with two final performances set for late July in Las Vegas.