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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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Harry & Meghan Netflix documentary released

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The highly-anticipated $152 million Netflix doco about Harry and Meghan and produced by an Oscar-winning director has landed.

The first three episodes have dropped – following the highs and lows of their relationship.

A lot of it shot on their personal phones as they travel the world and prepare for major royal events.

So far though, critics have panned the series, describing it as boring, while others have taken aim at inconsistencies in the couple’s stories.

The couple left their Royal duties in 2020 and now reside in California.

They start the series with a solemn statement claiming the royal family “declined to comment” on the contents of the series.

Buckingham Palace and Kensington Palace were quick to fire back, saying they had not been contacted through official channels by the couple’s production company. #Netflix

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A family have dug up their dead grandma after 10 years

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A Dominican Republic family has dug up their dead grandma after 10 years

The late Margarita Rosario was dug up at La Colonia Cemetery in Jarabacoa, where her family found her relatively intact.

Ms Rosario had a full head of hair and enough bones to stand without support.

Footage from outside the cemetery showed a man holding the corpse up while a woman dressed her in a white gown.

Local residents expressed shock over how well the body had been preserved.

The family was reportedly moving their dead relative to a nearby cemetery.

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Meet Time Magazine’s 2022 Person of the Year

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Ukraine President Volodymyr Zelensky and ‘the spirit of Ukraine’ have been named as Time Magazine’s 2022 Person of the Year

Each year, the award goes to an event or person deemed to have had the most influence on global events over the past 12 months.

Zelensky beat out other finalists, which included Chinese President Xi Jinping, the US Supreme Court, Iranian protestors and Twitter and Tesla CEO Elon Musk.

The leader had inspired Ukrainians and was recognised internationally for his courage and resisting the Russian invasion.

Time’s Editor-in-chief Edward Felsenthal revealed how the team get together to come up with the eventual winner.

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