“No fee for BTS, the level of realization of the artist’s thoughts … The source of government support tax is a cautious approach”
(Seoul = Yonhap News) Reporter Tae-soo Lee = As the group BTS (BTS) was given a free concert to pray for the Busan World Expo 2030 to be held on the 15th of next month, the Hive agency said on the 22nd, “BTS contributes to the country and society. I have been participating with the will to do it, and I have not made the cost issue a priority.”
Hive issued a statement on the morning of the same day and explained, “BTS will appear in this concert without any additional fee. This is actually to implement the idea of an artist who has said that he wants to perform for free to many fans in the past.” he did
BTS’s performance, which will be held at the Busan Asian Main Stadium, is expected to cost a total of ‘7 billion won plus alpha’. Hive plans to cover this cost through corporate sponsorships, online streaming advertising and ancillary businesses.
Hive emphasized, “We understand that it is difficult to cover the costs of the event in full with the financial resources of the government, and since the support from the government comes from the taxes of the people, we have always approached the support of the government in careful.”
He continued, “The government, local governments, and bidding committees are doing their best to support this concert by not only providing a concert venue but also investing resources within a limited budget. “I don’t think it is desirable that the group put in or exhaust resources on a large scale for the Busan concert.”
He added, “If BTS had considered cost as the most important factor when participating in national events, it would have been difficult to produce so many results in major events for our country and for the world.”
Hive emphasized, “Just because the world’s best artist is participating in a national event, we cannot compromise the level of the stage. Hive and BTS are proud to contribute to the country.”
The company expected that about 60,000 fans will participate in the free concert next month, and a total of more than 10 million people will see and feel Busan through online streaming.
The concert to pray for Busan World Expo 2030 was initially promoted with a capacity of 100,000 people on a special stage in Ilgwang, but the venue was changed to the Busan Asian Main Stadium due to safety and accessibility issues.
In addition, as the cost of setting up a stage worthy of ‘world star’ status is expected to exceed 7 billion won, concerns have been raised that BTS’s side, who hold performances for not, suffering huge losses.
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2022/09/22 10:17 Send