Wealthy, BTS and Big Hit Entertainment Contribute 1 Million US Dollars to Black Lives Matter

Kapanlagi.com - BTS once again shows their concern for social issues, in addition to their busy music activities. Most recently, RM and the company that oversees BTS, Big Hit Entertainment, donated one million US dollars or around 14 billion Indonesian Rupiah (at the exchange rate on June 6, 2020, which is 1 US dollar equals 14 thousand Rupiah) to support the ongoing Black Lives Matter campaign. This information was exclusively released by the international media, Variety, after receiving official confirmation from Big Hit Entertainment.

1. Donations from BTS and Big Hit Have Been Received by Black Lives Matter Representatives

credit via UNICEF

The donation, which is a significant amount, has been confirmed and received by representatives of Black Lives Matter.

Kailee Scales, Managing Director of Black Lives Matter, also expressed her gratitude and appreciation for the assistance from BTS.

"Black communities around the world are currently suffering from the trauma of centuries of oppression. We are touched by the generosity of BTS and various individuals from around the world who stand in solidarity to fight for our right to live," said Kailee Scales.

Black Lives Matter itself is a movement demanding systemic racial injustice, which has led to massive demonstrations in the US.

This movement erupted after a black American named George Floyd was killed when a police officer in Minnesota held him down with a knee on his neck, preventing him from breathing.

2. BTS and Big Hit Entertainment Become Billionaires in South Korea

credit via UNICEF

Previously, BTS was known to voice their support through Twitter to support the Black Lives Matter movement. BTS expressed their opposition to racial discrimination and condemned all forms of violence.

"We oppose racial discrimination. We condemn violence. You, me, and all of us have the same right to be respected. We will stand together with #BlackLivesMatter," wrote BTS in their tweet.

It's no wonder that when BTS was reported to have made donations in addition to supporting speak up, and the media managed to get confirmation from Big Hit Entertainment, this information immediately became booming.

Because it is known that BTS and Big Hit Entertainment are now included in the billionaire ranks in South Korea. In the first quarter of 2020 alone, Hollywood Reporter reported that BTS's earnings have reached 60 million US dollars.

Meanwhile, according to Forbes, Big Hit Entertainment's revenue is known to be 494.6 million US dollars based on the 2019 financial report.

However, both BTS and Big Hit Entertainment are not hesitant to contribute large sums of money for donations. In fact, as a UNICEF ambassador, BTS always donates a certain percentage of their album sales to help underprivileged children worldwide.

Well, good job BTS and Big Hit Entertainment!

(kly/tmi)