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Record label counts cost of BTS break

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K-pop pioneers BTS faced tears and sympathy from fans, but anger from shareholders in their management company on Wednesday, a day after the band, pleading exhaustion, announced a break from group musical activities to pursue solo projects

BTS fans were left in tears by the band’s announcement they were taking a break and pursuing solo projects.

But the South Korean group’s management company also had to deal with unhappy investors on Wednesday (June 15).

Tuesday’s announcement angered investors in the K-pop band’s record label HYBE.

The company, which went public two years ago, saw shares fall by a quarter on Wednesday and wipe just over $1.5 billion off its market value.

HYBE shares have performed poorly in recent months.

The company’s CEO and some BTS members sold stock for around $7.75 million in December.

BTS’ upbeat hits and messages of youth empowerment have turned them into global megastars.

But some band members are close to military service age, potentially requiring an unavoidable break from music.

All able-bodied South Korean men must do about two years of military service.

The oldest BTS member, Jin, is due to begin duty next year.

There could be a reprieve on the cards, though.

A bill pushing for military exemptions for globally renowned artists is pending in parliament.

It comes after a long debate over whether BTS deserve the same benefits and exemptions that sports athletes enjoy.

Investors, and fans, will hope lawmakers vote to give the boys a break.

Reuters

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Ticker News is now live on XumoTV and Xfinity across the U.S.

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Ticker News is now available on Xumo TV and Xfinity, bringing new era of accessibility

Ticker is thrilled to announce a major milestone for Ticker News: we are now available for streaming across the United States on Comcast’s major platforms, Xumo TV and Xfinity.

The development places Ticker News in the company of industry giants like CNN, Fox News, and MSNBC, marking a significant leap forward in our mission to deliver quality news to a wider audience.

With a combined reach of 50 million active users per month, Xumo TV and Xfinity offer an opportunity for Ticker News to expand viewership.

The achievement is particularly special with Ticker’s fifth anniversary on air on August 19.

“Getting Ticker News on these platforms was no small feat,” says Ticker Founder and CEO Ahron Young.

“It took nearly two years of intense negotiations and overcoming various technical challenges. But the journey underscores the resilience and determination of our team, proving that persistence pays off. We are immensely proud of what we have accomplished together,” Ahron says.

Being available on Xumo TV and Xfinity significantly enhances our already robust distribution network.

These platforms provide Ticker with the ability to reach millions of new viewers, further solidifying our presence in the competitive news landscape.

“Our commitment to expanding our reach and improving accessibility remains stronger than ever,” says TIcker’s Global Marketing Director, Kane Ricca.

Looking Ahead

As Ticker celebrates this exciting moment, the media company remains focused on its mission to provide accurate, timely, and engaging news to our audience.

“We are grateful for the ongoing support of our hosts, staff, investors, and viewers. Every moment counts at Ticker, and together, we are building something truly special,” says Ahron.

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‘Frank and constructive’ meeting between Harris and Netanyahu

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Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu to discuss the humanitarian crisis in Gaza and a cease-fire agreement.

Vice President Kamala Harris highlighted the nature of the discussion describing it as a “frank and constructive”meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

Harris expressed her concerns about the humanitarian situation in Gaza.

She stressed the need to finalise a cease-fire deal.
Harris described the past nine months in Gaza as devastating.
She urged that the tragedies in Gaza should not be ignored. #trending

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‘Left wing lunatic’: Trump tears into Kamala Harris in major rally

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Donald Trump is ramping up his attacks on Kamala Harris – his new opponent in the November election. But will it be enough to stop her?