Hyundai Motor Securities revealed its projected sales and profits for HYBE Labels for the third quarter of the year on Tuesday, October 4. It also included the company’s activities for the fourth quarter, like releasing two solo albums of two BTS members.
As BTS is now on a hiatus and its seven members are focusing on their individual projects, who among the fan-favorite K-pop artists are about to release their solo albums?
HYBE’s Projected Sales and Profits
The financial analyst posed the company’s report sales are 412.3 billion KRW or $288 billion while the profit is 60 billion KRW or $42.3 million for this year’s third quarter.
Alternatively, its share price is projected to decrease to 210,000 KRW from 250,000 KRW.
However, the investors are still advised to invest in the company due to its projected activities in the fourth quarter.
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HYBE’s Fourth Quarter, 2023 Plans
For the last quarter of the year, HYBE will reportedly launch overseas tours of its groups Seventeen, Tomorrow X Together, and Enhypen.
Two BTS members will also release their solo albums. The group is also set to hold its concert in Busan in October.
Its girl groups, Le Sserafim and NewJeans, will make their comebacks, while its first Japanese boy group, &Team, will finally debut.
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In 2023, HYBE reportedly plans to introduce three to four groups as it prepares to reduce its reliance on BTS by 35 to 40% by 2024 when it comes to sales and profits.
Who Among Seven BTS Members Will Release Solo Albums?
Two BTS members who may drop their solo albums are Jimin and Jin. Why?
Jimin has been seen with several producers and artists on Instagram and Twitter inside a studio.
Hudson Mohawke, producer, composer, and DJ, posted a photo with the idol, along with HYBE’s in-house producers Ghostloop and Pdogg.
As Mohawke is known for his electronic and hip-hop music and has worked with Kanye West, Lil Wayne, and Drake, fans assume Jimin’s album will feature hip-hop, RnB, and dance genres in his solo album.
Other music experts who have seen with Jimin are the Grammy nominee Tommy Brown, singer-songwriter Gabriel Brandes, producer Steven Franks, producer and singer-songwriter Alex Karlsson, and recording artist Taylor Hill.
Alternatively, Jin is reportedly working very hard for his solo debut. He was allegedly seen traveling to Los Angeles, California, to produce a music video for his upcoming debut single.
Fans noticed that Big Hit Entertainment and HYBE founder Bang Si Hyuk’s visit to the L.A. location and photo with Lumpen, who has worked on several BTS music videos, confirmed their suspicions.
For more BTS news, stay tuned to EpicStream!