K-pop soars on Asian tour revenue, physical album sales
K-pop is riding a surge in concert ticket and physical album sales, two of the industry's key revenue streams, as data released this month showed the genre dominating Asia's touring market and closing in on 100 million album sales for the year. The two businesses sit at the core of K-pop agencies' earnings. At HYBE, concerts brought in 647.7 billion won ($488.5 million) of its record 1.45…
K-pop is experiencing a surge in concert ticket and physical album sales, with data revealing the genre's dominance in Asia's touring market and its close approach to reaching 100 million album sales for the year. Conferences and album sales are essential revenue streams for K-pop agencies. Hybe, for instance, earned 647.7 billion won ($488.5 million) from concerts in the second quarter, contributing to its record 1.45 trillion won in revenue.
Physical albums and digital music generated 326.8 billion won, while merchandise and licensing brought in 310.6 billion won. K-pop acts occupied six of the top 10 highest-grossing touring spots in Asia during the past year, with boy band Seventeen leading the pack at $97.4 million, selling 661,088 tickets. TWICE followed in second place with $76.18 million, while TXT and BTS rounded out the top four with $49.07 million in Asia as part of their ARIRANG world tour. BLACKPINK and EXO also performed well in the region.
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- K-pop soars on Asian tour revenue, physical album sales koreatimes.co.kr
